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 (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.
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