Welcome to our dedicated page for Bimini Capital news (Ticker: BMNM), a resource for investors and traders seeking the latest updates and insights on Bimini Capital stock.
Bimini Capital Management, Inc. (BMNM) provides institutional-grade fixed income solutions and advisory services. This news hub offers investors and analysts centralized access to verified corporate developments, strategic initiatives, and financial disclosures.
Track BMNM's latest earnings announcements, portfolio management updates, and regulatory filings. Our curated feed includes press releases on mortgage-backed securities strategies, hedging activities, and management fee structures - all essential for understanding this specialized REIT's market position.
Key updates cover interest rate risk management approaches, repurchase agreement terms, and dividend policy changes. Bookmark this page for real-time insights into BMNM's fixed income operations and advisory service expansions. Check regularly for material events affecting this Florida-based financial services provider.
Bimini Capital Management (OTCQB:BMNM) has scheduled its first quarter 2025 financial results announcement for Thursday, May 1, 2025, after market close. The company will host an earnings conference call and live audio webcast on Friday, May 2, 2025, at 10:00 AM ET. Investors and interested parties can access the conference call by registering through the provided link, while the webcast will be available through the company's investor relations website. The audio archive will remain accessible for 30 days following the call.
Bimini Capital Management (OTCQB: BMNM) reported a net loss of $1.5 million, or $0.15 per common share, for Q4 2024. The company's book value per share stood at $0.68.
Key financial highlights include:
- Advisory service revenue of $3.4 million, including $2.5 million in management fees
- Interest and dividend income of $1.9 million
- Operating expenses of $2.8 million
- Income tax provision of $2.1 million
The company's MBS portfolio increased by $4.0 million during Q4 2024 and $29.5 million for the year. Bimini's management of Orchid Island Capital generated positive results, as Orchid reported Q4 2024 net income of $5.6 million with shareholders' equity increasing from $656.0 million to $668.5 million. The company's liquidity was approximately $5.9 million at quarter-end, with outstanding repurchase obligations of $117.2 million at a net weighted average borrowing rate of 4.68%.
Bimini Capital Management (OTCQB:BMNM) has scheduled its fourth quarter 2024 earnings release for Thursday, March 6, 2025, after market close. The company will host an earnings conference call and live audio webcast the following day, Friday, March 7, 2025, at 10:00 AM ET.
Interested participants can obtain dial-in information by registering through the provided link. The conference call will also be accessible via webcast through the company's investor relations website, with an audio archive available for 30 days following the call.
Bimini Capital Management (OTCQB: BMNM) reported net income of $0.3 million, or $0.03 per common share, for Q3 2024. Advisory service revenue was $3.3 million, representing a 4% increase over Q2. The company's book value per share stood at $0.83. The MBS portfolio generated net interest income of $0.3 million, with mark-to-market gains and losses netting to income of $0.4 million. Total assets were $151.6 million, with outstanding repurchase obligations of $113.0 million at a net weighted average borrowing rate of 5.20%.
Bimini Capital Management (OTCQB:BMNM) has announced that it will release its third quarter 2024 results after the market closes on Thursday, October 31, 2024. The company will host an earnings conference call and live audio webcast on Friday, November 1, 2024, at 10:00 AM ET.
Participants can register for the call and obtain dial-in information at a provided link. A live audio webcast will be accessible through the company's investor relations website. An audio archive of the webcast will be available for 30 days following the call.
Bimini Capital Management (OTCQB: BMNM) reported its Q2 2024 results, showing a net loss of $0.3M or $0.03 per common share. Book value per share remained at $0.81. The company's advisory service revenue increased by 8% to $3.2M, while net interest income was $0.3M. However, overall net revenue for the quarter was $2.9M, down from $3.2M year over year. Total operating expenses were $2.8M, contributing to the quarterly loss. Bimini's investment portfolio adjustments and market value impacts resulted in a net realized and unrealized loss of $0.5M on its MBS portfolio. The company’s weighted average borrowing rate was 5.47% on repurchase obligations totaling $82.9M. Bimini's CEO highlighted the potential future benefits of Federal Reserve monetary easing on the mortgage REIT sector.
Bimini Capital Management (OTCQB:BMNM) has announced that it will disclose its second quarter 2024 financial results on Thursday, August 1, 2024, after market close.
Following this, an earnings conference call and live audio webcast will be held on Friday, August 2, 2024, at 10:00 AM ET.
Participants can join the conference call by dialing toll-free at (888) 330-2214, while the live audio webcast will be accessible via the investor relations section of Bimini's website.
An audio archive of the webcast will remain available for 30 days post the call.
Bimini Capital Management, Inc. announced its first quarter 2024 results, highlighting a net income of $0.2 million and a book value per share of $0.83. The company discussed the economic and interest rate cycle, emphasizing uncertainties in the market. Orchid Island Capital reported net income of $19.7 million, impacting Bimini's advisory service revenues. The investment portfolio saw gains and losses, resulting in a net income before taxes of $0.6 million. The company's capital allocation between MBS sub-portfolios and return on invested capital were also detailed.
