Bimini Capital Management Announces Second Quarter 2025 Results
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) ha comunicato i risultati finanziari del secondo trimestre 2025 con un utile netto di 43.000 dollari (0,00 dollari per azione) e un valore contabile di 0,74 dollari per azione. Il segmento MBS dell'azienda ha registrato una perdita di 1,3 milioni di dollari, compensata da un utile di 1,9 milioni di dollari nei servizi di consulenza. Nel primo semestre 2025, Bimini ha ottenuto un utile netto di 0,6 milioni di dollari (0,06 dollari per azione), corrispondente a un rendimento del capitale proprio dell'8,7%.
I ricavi dai servizi di consulenza sono aumentati del 20% su base annua nel secondo trimestre 2025. L'azienda ha venduto 9,8 milioni di dollari di MBS all'inizio del trimestre a causa delle condizioni di mercato sfavorevoli, ma ha registrato un aumento del 23% anno su anno dei ricavi da interessi. Il valore totale del portafoglio al 30 giugno 2025 era di 107,6 milioni di dollari, con obblighi di riacquisto in sospeso pari a 101,7 milioni di dollari a un tasso medio ponderato di indebitamento del 4,49%.
Bimini Capital Management (OTCQB: BMNM) informó los resultados financieros del segundo trimestre de 2025 con un ingreso neto de 43,000 dólares (0,00 dólares por acción) y un valor en libros de 0,74 dólares por acción. El segmento de MBS de la compañía registró una pérdida de 1,3 millones de dólares, compensada por ganancias de 1,9 millones de dólares en servicios de asesoría. En el primer semestre de 2025, Bimini alcanzó un ingreso neto de 0,6 millones de dólares (0,06 dólares por acción), lo que representa un retorno sobre el capital del 8,7%.
Los ingresos por servicios de asesoría aumentaron un 20% interanual en el segundo trimestre de 2025. La compañía vendió 9,8 millones de dólares en MBS a principios del trimestre debido a condiciones adversas del mercado, pero los ingresos por intereses crecieron un 23% interanual. El valor total de la cartera al 30 de junio de 2025 fue de 107,6 millones de dólares, con obligaciones pendientes de recompra de 101,7 millones de dólares a una tasa ponderada promedio de endeudamiento del 4,49%.
Bimini Capital Management (OTCQB: BMNM)는 2025년 2분기 재무 실적을 발표하며 순이익 43,000달러(주당 0.00달러)와 주당 장부가치 0.74달러를 기록했습니다. 회사의 MBS 부문은 130만 달러 손실을 냈으나, 자문 서비스 수익 190만 달러로 이를 상쇄했습니다. 2025년 상반기 동안 Bimini는 순이익 60만 달러(주당 0.06달러)를 달성했으며, 자기자본 수익률은 8.7%를 기록했습니다.
자문 서비스 매출은 2025년 2분기에 전년 대비 20% 증가했습니다. 회사는 불리한 시장 상황으로 인해 2분기 초에 980만 달러 상당의 MBS를 매각했으나, 이자 수익은 전년 대비 23% 증가했습니다. 2025년 6월 30일 기준 총 포트폴리오 가치는 1억 760만 달러이며, 미결제 재매입 채무는 1억 170만 달러로 가중평균 차입금리는 4.49%입니다.
Bimini Capital Management (OTCQB : BMNM) a publié ses résultats financiers du deuxième trimestre 2025 avec un revenu net de 43 000 dollars (0,00 dollar par action) et une valeur comptable de 0,74 dollar par action. Le segment MBS de la société a enregistré une perte de 1,3 million de dollars, compensée par un bénéfice de 1,9 million de dollars provenant des services de conseil. Pour le premier semestre 2025, Bimini a réalisé un revenu net de 0,6 million de dollars (0,06 dollar par action), soit un rendement des capitaux propres de 8,7 %.
Les revenus des services de conseil ont augmenté de 20 % en glissement annuel au deuxième trimestre 2025. La société a vendu 9,8 millions de dollars de MBS au début du trimestre en raison de conditions de marché défavorables, mais les revenus d’intérêts ont augmenté de 23 % en glissement annuel. La valeur totale du portefeuille s’élevait à 107,6 millions de dollars au 30 juin 2025, avec des obligations de rachat en cours de 101,7 millions de dollars à un taux d’emprunt moyen pondéré de 4,49 %.
Bimini Capital Management (OTCQB: BMNM) meldete die Finanzergebnisse für das zweite Quartal 2025 mit einem Nettoeinkommen von 43.000 USD (0,00 USD pro Aktie) und einem Buchwert von 0,74 USD pro Aktie. Der MBS-Bereich des Unternehmens verzeichnete einen Verlust von 1,3 Millionen USD, der durch Erträge aus Beratungsdienstleistungen von 1,9 Millionen USD ausgeglichen wurde. Für das erste Halbjahr 2025 erzielte Bimini ein Nettoeinkommen von 0,6 Millionen USD (0,06 USD pro Aktie), was einer Eigenkapitalrendite von 8,7 % entspricht.
Die Einnahmen aus Beratungsdienstleistungen stiegen im zweiten Quartal 2025 um 20 % im Jahresvergleich. Aufgrund ungünstiger Marktbedingungen verkaufte das Unternehmen Anfang des zweiten Quartals MBS im Wert von 9,8 Millionen USD, verzeichnete jedoch einen Zinsanstieg von 23 % im Jahresvergleich. Der Gesamtwert des Portfolios belief sich zum 30. Juni 2025 auf 107,6 Millionen USD, mit ausstehenden Rückkaufverpflichtungen in Höhe von 101,7 Millionen USD bei einem gewichteten durchschnittlichen Zinssatz von 4,49 %.
- Advisory service revenues increased 20% year-over-year in Q2 2025
- Interest revenues grew 23% compared to Q2 2024
- Net interest income increased 78% over Q2 2024
- Expenses decreased 4% from Q1 2025
- Company maintained profitability despite sector-wide losses
- Strong liquidity position with $5.7 million in unpledged MBS and cash
- MBS segment recorded $1.3 million loss in Q2 2025
- Minimal net income of only $43,000 ($0.00 per share)
- Forced to sell $9.8 million of MBS portfolio due to adverse market conditions
- Portfolio value decreased from $122.3 million in December 2024 to $107.6 million in June 2025
- Interest revenues declined 9% compared to Q1 2025
VERO BEACH, Fla., July 31, 2025 (GLOBE NEWSWIRE) -- Bimini Capital Management, Inc. (OTCQB: BMNM), (“Bimini Capital,” “Bimini,” or the “Company”), today announced results of operations for the three-month period ended June 30, 2025.
Second Quarter 2025 Highlights
- Net income of approximately
$43 thousand , or$0.00 per common share - Book value per share of
$0.74 - Company to discuss results on Friday, August 1, 2025, at 10:00 AM ET
Management Commentary
Commenting on the second quarter results, Robert E. Cauley, Chairman and Chief Executive Officer, said, “When we announced our first quarter results, the second quarter of 2025 was off to a very rough start. Markets were in turmoil as a result of the extensive reciprocal tariffs announced by the Trump administration. While these conditions abated gradually, all the companies in the mortgage REIT sector that have reported second quarter earnings to date reported losses for the quarter. Our MBS segment produced a loss of
“Our advisory service revenues for the quarter and six months ended June 30, 2025 increased by
“As the third quarter unfolds markets are considerably calmer than when the second quarter was starting, and Agency RMBS are still trading at attractive levels. Market conditions generally are quite favorable for RMBS – a positive development for both Bimini and Orchid Island as well. As long as we have no new adverse developments with respect to reciprocal tariffs and interest rate volatility remains low, the sector should perform well. With respect to the macroeconomic backdrop, the economy has remained surprisingly resilient, but in the event that conditions deteriorate, the Federal Reserve appears likely to act and reduce over-night rates, which should buttress the economy.”
Details of Second Quarter 2025 Results of Operations
Orchid reported a net loss for the second quarter of 2025 of
Royal Palm sold approximately
Interest charges on the trust preferred and other long-term debt of
Management of Orchid Island Capital, Inc.
Orchid is managed and advised by Bimini. As Manager, Bimini is responsible for administering Orchid’s business activities and day-to-day operations. Pursuant to the terms of a management agreement, our subsidiary, Bimini Advisors, provides Orchid with its management team, including its officers, along with appropriate support personnel. Bimini also maintains a common stock investment in Orchid, which is accounted for under the fair value option, with changes in fair value recorded in the statement of operations for the current period. For the three months ended June 30, 2025, Bimini’s statement of operations included a fair value adjustment of
Book Value Per Share
The Company's book value per share on June 30, 2025 was
Capital Allocation and Return on Invested Capital
The Company allocates capital between two MBS sub-portfolios, the pass-through MBS portfolio and the structured MBS portfolio, consisting of interest-only and inverse interest-only securities. The table below details the changes to the respective sub-portfolios during the quarter.
| Portfolio Activity for the Quarter | |||||||||||||||||||
| Structured Security Portfolio | |||||||||||||||||||
| Inverse | |||||||||||||||||||
| Pass | Interest- | Interest- | |||||||||||||||||
| Through | Only | Only | |||||||||||||||||
| Portfolio | Securities | Securities | Sub-total | Total | |||||||||||||||
| Market Value - March 31, 2025 | $ | 118,704,355 | $ | 2,252,898 | $ | 7,871 | $ | 2,260,769 | $ | 120,965,124 | |||||||||
| Securities purchased | - | - | - | - | - | ||||||||||||||
| Securities sold | (9,786,053 | ) | - | - | - | (9,786,053 | ) | ||||||||||||
| (Losses) gains on sales | (178,140 | ) | - | - | - | (178,140 | ) | ||||||||||||
| Return of investment | n/a | (79,850 | ) | (379 | ) | (80,229 | ) | (80,229 | ) | ||||||||||
| Pay-downs | (3,198,435 | ) | n/a | n/a | n/a | (3,198,435 | ) | ||||||||||||
| Discount accreted due to pay-downs | (42,251 | ) | n/a | n/a | n/a | (42,251 | ) | ||||||||||||
| Mark to market (losses) gains | (65,709 | ) | 10,292 | (970 | ) | 9,322 | (56,387 | ) | |||||||||||
| Market Value - June 30, 2025 | $ | 105,433,767 | $ | 2,183,340 | $ | 6,522 | $ | 2,189,862 | $ | 107,623,629 | |||||||||
The tables below present the allocation of capital between the respective portfolios at June 30, 2025 and March 31, 2025, and the return on invested capital for each sub-portfolio for the three-month period ended June 30, 2025. Capital allocation is defined as the sum of the market value of securities held, less associated repurchase agreement borrowings, plus cash and cash equivalents and restricted cash associated with repurchase agreements. Capital allocated to non-portfolio assets is not included in the calculation.
| Capital Allocation | |||||||||||||||||||
| Structured Security Portfolio | |||||||||||||||||||
| Inverse | |||||||||||||||||||
| Pass | Interest- | Interest- | |||||||||||||||||
| Through | Only | Only | |||||||||||||||||
| Portfolio | Securities | Securities | Sub-total | Total | |||||||||||||||
| June 30, 2025 | |||||||||||||||||||
| Market value | $ | 105,433,767 | $ | 2,183,340 | $ | 6,522 | $ | 2,189,862 | $ | 107,623,629 | |||||||||
| Cash equivalents and restricted cash | 6,583,906 | - | - | - | 6,583,906 | ||||||||||||||
| Repurchase agreement obligations | (101,742,000 | ) | - | - | - | (101,742,000 | ) | ||||||||||||
| Total | $ | 10,275,673 | $ | 2,183,340 | $ | 6,522 | $ | 2,189,862 | $ | 12,465,535 | |||||||||
| % of Total | 82.4 | % | 17.5 | % | 0.1 | % | 17.6 | % | 100.0 | % | |||||||||
| March 31, 2025 | |||||||||||||||||||
| Market value | $ | 118,704,355 | $ | 2,252,898 | $ | 7,871 | $ | 2,260,769 | $ | 120,965,124 | |||||||||
| Cash equivalents and restricted cash | 5,500,438 | - | - | - | 5,500,438 | ||||||||||||||
| Repurchase agreement obligations | (115,510,999 | ) | - | - | - | (115,510,999 | ) | ||||||||||||
| Total | $ | 8,693,794 | $ | 2,252,898 | $ | 7,871 | $ | 2,260,769 | $ | 10,954,563 | |||||||||
| % of Total | 79.4 | % | 20.5 | % | 0.1 | % | 20.6 | % | 100.0 | % | |||||||||
The returns on invested capital in the PT MBS and structured MBS portfolios were approximately (4.1)% and
| Returns for the Quarter Ended June 30, 2025 | |||||||||||||||||||
| Structured Security Portfolio | |||||||||||||||||||
| Inverse | |||||||||||||||||||
| Pass | Interest- | Interest- | |||||||||||||||||
| Through | Only | Only | |||||||||||||||||
| Portfolio | Securities | Securities | Sub-total | Total | |||||||||||||||
| Interest income (net of repo cost) | $ | 357,713 | $ | 33,052 | $ | 23 | $ | 33,075 | $ | 390,788 | |||||||||
| Realized and unrealized losses (gains) | (286,100 | ) | 10,292 | (970 | ) | 9,322 | (276,778 | ) | |||||||||||
| Hedge losses | (430,791 | ) | n/a | n/a | n/a | (430,791 | ) | ||||||||||||
| Total Return | $ | (359,178 | ) | $ | 43,344 | $ | (947 | ) | $ | 42,397 | $ | (316,781 | ) | ||||||
| Beginning capital allocation | $ | 8,693,794 | $ | 2,252,898 | $ | 7,871 | $ | 2,260,769 | $ | 10,954,563 | |||||||||
| Return on invested capital for the quarter(1) | (4.1 | )% | 1.9 | % | (12.0 | )% | 1.9 | % | (2.9 | )% | |||||||||
| (1) Calculated by dividing the Total Return by the Beginning Capital Allocation, expressed as a percentage. | |||||||||||||||||||
Prepayments
For the second quarter of 2025, the Company received approximately
| PT | Structured | ||||
| MBS Sub- | MBS Sub- | Total | |||
| Three Months Ended | Portfolio | Portfolio | Portfolio | ||
| June 30, 2025 | 10.3 | 7.3 | 9.9 | ||
| March 31, 2025 | 7.5 | 6.2 | 7.3 | ||
| December 31, 2024 | 10.9 | 12.5 | 11.1 | ||
| September 30, 2024 | 6.3 | 6.7 | 6.3 | ||
| June 30, 2024 | 10.9 | 5.5 | 10.0 | ||
| March 31, 2024 | 18.0 | 9.2 | 16.5 |
Portfolio
The following tables summarize the MBS portfolio as of June 30, 2025 and December 31, 2024:
| ($ in thousands) | |||||||||||||||||||
| Weighted | |||||||||||||||||||
| Percentage | Average | ||||||||||||||||||
| of | Weighted | Maturity | |||||||||||||||||
| Fair | Entire | Average | in | Longest | |||||||||||||||
| Asset Category | Value | Portfolio | Coupon | Months | Maturity | ||||||||||||||
| June 30, 2025 | |||||||||||||||||||
| Fixed Rate MBS | $ | 105,434 | 98.0 | % | 5.60 | % | 333 | 1-Aug-54 | |||||||||||
| Structured MBS | 2,190 | 2.0 | % | 2.87 | % | 277 | 15-May-51 | ||||||||||||
| Total MBS Portfolio | $ | 107,624 | 100.0 | % | 5.25 | % | 332 | 1-Aug-54 | |||||||||||
| December 31, 2024 | |||||||||||||||||||
| Fixed Rate MBS | $ | 120,056 | 98.1 | % | 5.60 | % | 341 | 1-Jan-55 | |||||||||||
| Structured MBS | 2,292 | 1.9 | % | 2.85 | % | 281 | 15-May-51 | ||||||||||||
| Total MBS Portfolio | $ | 122,348 | 100.0 | % | 5.26 | % | 340 | 1-Jan-55 | |||||||||||
| ($ in thousands) | |||||||||||||||
| June 30, 2025 | December 31, 2024 | ||||||||||||||
| Percentage of | Percentage of | ||||||||||||||
| Agency | Fair Value | Entire Portfolio | Fair Value | Entire Portfolio | |||||||||||
| Fannie Mae | $ | 30,700 | 28.5 | % | $ | 32,692 | 26.7 | % | |||||||
| Freddie Mac | 76,924 | 71.5 | % | 89,656 | 73.3 | % | |||||||||
| Total Portfolio | $ | 107,624 | 100.0 | % | $ | 122,348 | 100.0 | % | |||||||
| June 30, 2025 | December 31, 2024 | ||||||
| Weighted Average Pass Through Purchase Price | $ | 102.99 | $ | 102.72 | |||
| Weighted Average Structured Purchase Price | $ | 4.48 | $ | 4.48 | |||
| Weighted Average Pass Through Current Price | $ | 100.84 | $ | 99.63 | |||
| Weighted Average Structured Current Price | $ | 14.01 | $ | 13.71 | |||
| Effective Duration (1) | 2.931 | 3.622 | |||||
| (1) | Effective duration is the approximate percentage change in price for a 100 basis point change in rates. An effective duration of 2.931 indicates that an interest rate increase of | |
Financing and Liquidity
As of June 30, 2025, the Company had outstanding repurchase obligations of approximately
We may pledge more of our structured MBS as part of a repurchase agreement funding but retain cash in lieu of acquiring additional assets. In this way, we can, at a modest cost, retain higher levels of cash on hand and decrease the likelihood that we will have to sell assets in a distressed market in order to raise cash. Below is a list of outstanding borrowings under repurchase obligations at June 30, 2025.
| ($ in thousands) | |||||||||||||||
| Repurchase Agreement Obligations | |||||||||||||||
| Weighted | Weighted | ||||||||||||||
| Total | Average | Average | |||||||||||||
| Outstanding | % of | Borrowing | Maturity | ||||||||||||
| Counterparty | Balances | Total | Rate | (in Days) | |||||||||||
| Marex Capital Markets Inc. | $ | 22,925 | 22.6 | % | 4.47 | % | 53 | ||||||||
| DV Securities, LLC Repo | 18,420 | 18.1 | % | 4.48 | % | 28 | |||||||||
| Mirae Asset Securities (USA) Inc. | 18,238 | 17.9 | % | 4.53 | % | 136 | |||||||||
| South Street Securities, LLC | 15,806 | 15.5 | % | 4.47 | % | 85 | |||||||||
| Clear Street LLC | 15,696 | 15.4 | % | 4.48 | % | 84 | |||||||||
| Mitsubishi UFJ Securities (USA), Inc. | 10,657 | 10.5 | % | 4.52 | % | 15 | |||||||||
| $ | 101,742 | 100.0 | % | 4.49 | % | 69 | |||||||||
Summarized Consolidated Financial Statements
The following is a summarized presentation of the unaudited consolidated balance sheets as of June 30, 2025, and December 31, 2024, and the unaudited consolidated statements of operations for the six and three month periods ended June 30, 2025 and 2024. Amounts presented are subject to change.
| BIMINI CAPITAL MANAGEMENT, INC. CONSOLIDATED BALANCE SHEETS (Unaudited - Amounts Subject to Change) | |||||||
| June 30, 2025 | December 31, 2024 | ||||||
| ASSETS | |||||||
| Mortgage-backed securities | $ | 107,623,629 | $ | 122,348,170 | |||
| Cash equivalents and restricted cash | 6,583,906 | 7,422,746 | |||||
| Orchid Island Capital, Inc. common stock, at fair value | 3,989,188 | 4,427,372 | |||||
| Accrued interest receivable | 525,593 | 601,640 | |||||
| Deferred tax assets, net | 15,743,570 | 15,930,953 | |||||
| Other assets | 4,281,649 | 4,122,776 | |||||
| Total Assets | $ | 138,747,535 | $ | 154,853,657 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
| Repurchase agreements | $ | 101,742,000 | $ | 117,180,999 | |||
| Long-term debt | 27,357,495 | 27,368,158 | |||||
| Other liabilities | 2,231,331 | 3,483,093 | |||||
| Total Liabilities | 131,330,826 | 148,032,250 | |||||
| Stockholders' equity | 7,416,709 | 6,821,407 | |||||
| Total Liabilities and Stockholders' Equity | $ | 138,747,535 | $ | 154,853,657 | |||
| Class A Common Shares outstanding | 10,005,457 | 10,005,457 | |||||
| Book value per share | $ | 0.74 | $ | 0.68 | |||
| BIMINI CAPITAL MANAGEMENT, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited - Amounts Subject to Change) | |||||||||||||||
| Six Months Ended June 30, | Three Months Ended June 30, | ||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||
| Advisory services | $ | 7,393,135 | $ | 6,096,316 | $ | 3,810,846 | $ | 3,167,055 | |||||||
| Interest and dividend income | 3,733,656 | 3,091,156 | 1,786,616 | 1,492,191 | |||||||||||
| Interest expense | (3,575,435 | ) | (3,577,794 | ) | (1,731,415 | ) | (1,762,116 | ) | |||||||
| Net revenues | 7,551,356 | 5,609,678 | 3,866,047 | 2,897,130 | |||||||||||
| Other (expense) income | (1,025,540 | ) | 646,728 | (997,795 | ) | (280,003 | ) | ||||||||
| Expenses | 5,743,131 | 5,811,971 | 2,818,974 | 2,782,576 | |||||||||||
| Net income (loss) before income tax provision | 782,685 | 444,435 | 49,278 | (165,449 | ) | ||||||||||
| Income tax provision | 187,383 | 505,172 | 6,546 | 108,396 | |||||||||||
| Net income (loss) | $ | 595,302 | $ | (60,737 | ) | $ | 42,732 | $ | (273,845 | ) | |||||
| Basic and Diluted Net (Loss) Income Per Share of: | |||||||||||||||
| CLASS A COMMON STOCK | $ | 0.06 | $ | (0.01 | ) | $ | 0.00 | $ | (0.03 | ) | |||||
| CLASS B COMMON STOCK | $ | 0.06 | $ | (0.01 | ) | $ | 0.00 | $ | (0.03 | ) | |||||
| Three Months Ended June 30, | |||||||
| Key Balance Sheet Metrics | 2025 | 2024 | |||||
| Average MBS(1) | $ | 114,294,375 | $ | 87,539,021 | |||
| Average repurchase agreements(1) | 108,626,500 | 83,737,499 | |||||
| Average stockholders' equity(1) | 7,395,343 | 8,203,927 | |||||
| Key Performance Metrics | |||||||
| Average yield on MBS(2) | 5.54 | % | 5.88 | % | |||
| Average cost of funds(2) | 4.39 | % | 5.53 | % | |||
| Average economic cost of funds(3) | 3.97 | % | 5.32 | % | |||
| Average interest rate spread(4) | 1.15 | % | 0.35 | % | |||
| Average economic interest rate spread(5) | 1.57 | % | 0.56 | % | |||
| (1) | Average MBS, repurchase agreements and stockholders’ equity balances are calculated using two data points, the beginning and ending balances. |
| (2) | Portfolio yields and costs of funds are calculated based on the average balances of the underlying investment portfolio/repurchase agreement balances and are annualized for the quarterly periods presented. |
| (3) | Represents interest cost of our borrowings and the effect of derivative agreements attributed to the period related to hedging activities, divided by average repurchase agreements. |
| (4) | Average interest rate spread is calculated by subtracting average cost of funds from average yield on MBS. |
| (5) | Average economic interest rate spread is calculated by subtracting average economic cost of funds from average yield on MBS. |
About Bimini Capital Management, Inc.
Bimini Capital Management, Inc. invests primarily in, but is not limited to investing in, residential mortgage-related securities issued by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae). Its objective is to earn returns on the spread between the yield on its assets and its costs, including the interest expense on the funds it borrows. In addition, Bimini generates a significant portion of its revenue serving as the manager of the MBS portfolio of, and providing certain repurchase agreement trading, clearing and administrative services to, Orchid Island Capital, Inc.
Forward Looking Statements
Statements herein relating to matters that are not historical facts are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. The reader is cautioned that such forward-looking statements are based on information available at the time and on 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 Bimini Capital Management, Inc.'s filings with the Securities and Exchange Commission, including Bimini Capital Management, Inc.'s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Bimini Capital Management, Inc. assumes no obligation to update forward-looking statements to reflect subsequent results, changes in assumptions or changes in other factors affecting forward-looking statements, except as may be required by applicable law.
Earnings Conference Call Details
An earnings conference call and live audio webcast will be hosted Friday, August 1, 2025, at 10:00 AM ET. Participants can register and receive dial-in information at https://register-conf.media-server.com/register/BI93827b97dab34b2f8cabd3a04f5bddd5. A live audio webcast of the conference call can be accessed at https://edge.media-server.com/mmc/p/jgk2gti4 or via the investor relations section of the Company's website at https://ir.biminicapital.com. An audio archive of the webcast will be available on the website for 30 days after the call.
CONTACT:
Bimini Capital Management, Inc.
Robert E. Cauley, 772-231-1400
Chairman and Chief Executive Officer
https://ir.biminicapital.com
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