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) is an asset manager focused on Agency residential mortgage-backed securities and external investment management. News about Bimini often centers on its earnings results, portfolio performance, advisory revenues from managing Orchid Island Capital, Inc., and developments in its capital allocation and financing structure.
Investors following BMNM news can expect regular updates on quarterly and annual financial results, including net income or loss, book value per share, advisory service revenues, and returns on invested capital for its pass-through and structured MBS sub-portfolios. The company also reports on prepayment trends in its MBS holdings, changes in portfolio composition by issuer and security type, and the impact of repurchase agreement funding costs and hedge positions.
Corporate and strategic announcements are another key component of Bimini’s news flow. Recent disclosures include a Membership Interest Purchase Agreement for Bimini Advisors Holdings, LLC to acquire 80% of Tom Johnson Investment Management, LLC, a registered investment adviser, and board of directors changes such as the resignation of a long-serving director and the appointment of a new independent Class I director. The company has also announced amendments to its stockholder rights plan designed to help preserve net operating loss carryforwards.
Because Bimini serves as the external manager of Orchid Island Capital, Inc., its news releases often discuss Orchid’s equity base, capital raising activity, and the resulting effect on Bimini’s advisory service revenues. For a comprehensive view of BMNM-related developments, readers can use this news page to review earnings releases, transaction announcements, governance updates, and other material events reported through press releases and SEC filings.
Bimini Capital Management (OTCQX:BMNM) agreed to buy 80% of Tom Johnson Investment Management (TJIM), with closing expected at the end of Q1 2026. The purchase price equals 2.5x of 80% of TJIM’s revenue for the fiscal year ended December 31, 2025, payable in cash at closing; amounts above $12,000,000 may be paid in three equal annual installments. TJIM manages approximately $1.6 billion AUM. The deal requires the principal seller to sign a new three‑year employment agreement and is subject to customary due diligence, client consents and regulatory approvals.
Bimini Capital Management (OTCQX:BMNM) amended its Rights Agreement to extend its expiration five years to December 21, 2030 and raised the rights' purchase price from $4.76 to $10.20. The Rights Plan aims to protect stockholder value and preserve approximately $253.9 million of net operating loss carryforwards (NOLs) as of September 30, 2025 by reducing the likelihood of an "ownership change" under Section 382.
The Board will submit the amendment for stockholder approval at the 2026 annual meeting; failure to obtain approval will cause automatic termination on June 30, 2026 if approval has not been obtained. The First Amendment will be filed in a Form 8-K and related materials will be available to stockholders on request.
Bimini Capital Management (OTCQB:BMNM) announced a board change on November 6, 2025. Longtime director Frank E. Jaumot resigned after serving since 2009 and the company thanked him for over two decades of service.
Effective November 6, 2025, Ashley B. Griffith, age 53, was appointed as a Class I director with a term expiring at the 2028 annual meeting. Griffith currently serves as Director in Institutional Sales at Hovde Group (since early 2024) and has 25+ years in institutional sales and sell-side equity research, including roles at Compass Point, Sandler O’Neill, Evercore, and Fox-Pitt, Kelton. Ashley holds a bachelor’s degree in Math from Hobart College and is the son-in-law of director Robert Dwyer.
Bimini Capital Management (OTCQB: BMNM) reported Q3 2025 net income of $1.8M or $0.18 per share, versus $0.3M ($0.03) in Q3 2024, with book value per share $0.92 at September 30, 2025. Advisory service revenue was approximately $4.5M (up 35% YoY) and advisory net income was $2.4M. Investment-portfolio net income was $0.3M. Orchid Island reported $72.1M net income and raised $152.3M in equity, supporting higher advisory fees. Portfolio returns: pass-through MBS ~10.2%, structured MBS ~0.1%, combined ~8.4%. Repurchase obligations totaled ~$100.0M at a 4.36% average rate; liquidity was ~$9.7M.
Bimini Capital Management (OTCQB:BMNM) will release its third-quarter 2025 financial results following the close of trading on Thursday, November 6, 2025.
An earnings conference call and live audio webcast is scheduled for Friday, November 7, 2025 at 10:00 AM ET. Participants can register for dial-in details at the provided registration link. A live audio webcast will be available via the company's investor relations site, and an audio archive will remain accessible for 30 days after the call.
Bimini Capital Management (OTCQB: BMNM) reported Q2 2025 financial results with net income of $43,000 ($0.00 per share) and a book value of $0.74 per share. The company's MBS segment recorded a loss of $1.3 million, offset by advisory services earnings of $1.9 million. For H1 2025, Bimini achieved net income of $0.6 million ($0.06 per share), representing an 8.7% return on equity.
Advisory service revenues increased 20% year-over-year for Q2 2025. The company sold $9.8 million of MBS early in Q2 due to adverse market conditions but saw interest revenues rise 23% year-over-year. Total portfolio value stood at $107.6 million as of June 30, 2025, with outstanding repurchase obligations of $101.7 million at a 4.49% weighted average borrowing rate.
Bimini Capital Management (OTCQB:BMNM) has scheduled its second quarter 2025 earnings release for Thursday, July 31, 2025 after market close. The company will host an earnings conference call and webcast on Friday, August 1, 2025, at 10:00 AM ET.
Interested participants can access the conference call by registering through the provided link, while the live audio webcast will be available through the company's investor relations website. The webcast recording will remain accessible for 30 days following the call.
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%.
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