Orchid Island Capital, Inc.

Good day and thank you for standing by. Welcome to the Orchid Island Capital Second Quarter 2026 Earnings Call. At this time, all participants are on listen-only mode. After this speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please revise that today's conference be recorded. I would now like to hand the conference over to your first speaker today, Melissa Alfonso, Investor Relations. Please go ahead.

Good morning, and welcome to the second quarter 2026 earnings conference call for Orchid Island Capital. This call is being recorded today, July 24th, 2026. at this time the company would like to remind the listeners that statements made during today's conference call relating to matters that are not historical facts are forward-looking statements subject to the safe harbor provisions of the private securities litigation reform act of 1995. listeners are cautioned that such forward-looking statements are based on information currently available on the management's good faith belief with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in such forward-looking statements. Important factors that could cause such differences are described in the company's filings with the Securities and Exchange Commission, including the company's most recent annual report on Form 10-K. The company assumes no obligation to update such forward-looking statements to reflect actual results changes in assumptions or changes in other factors affecting forward-looking statements. Now I'd like to turn the conference over to the company's chairman and chief executive officer, Mr. Robert Cauley. Please go ahead, sir.

Thank you, Melissa. Melissa, and good morning. I hope everybody's had a chance to download our deck as usual. We will be focused on the deck for the call. Just to begin, on slide three, we just have our table of contents. So the first thing, first order of business will be our controller. Jerry Sintes will go over our financial results. Then I'll go over the market developments that occurred during the quarter. These are what shaped our decision making and our results. And then we'll go through the portfolio characteristics, hedge positions, and then also our kind of positioning going forward in our outlook on the market. So with that, I will turn it over to Jerry.