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BIMINI CAPITAL MANAGEMENT, INC. (BMNM) reported that director Richard H. Parry filed an initial Form 3 showing his position in the company’s Class A Common Stock. The filing lists no shares of Class A Common Stock owned directly following the reported holdings entry.
Bimini Capital Management, Inc. (BMNM) reported that on September 14, 2026, Richard H. Parry was appointed to its board as a Class II director, with a term expiring at the 2029 annual meeting of stockholders. Parry, 68, is President and Chief Investment Officer of Tom Johnson Investment Management, LLC (TJIM), an 80%-owned subsidiary.
The company previously acquired eighty percent of TJIM’s fully diluted equity interests on April 1, 2026 for $12,318,492 from trusts affiliated with Parry and his wife, and a trust affiliated with Parry retains an equity interest in TJIM. The filing notes Parry’s direct material interest in this transaction and that his son-in-law, Nicholas J. Pointer, is a TJIM employee with aggregate annual compensation exceeding $120,000. Parry will not receive separate board compensation and is not expected to serve on any board committee.
Bimini Capital Management, Inc. reported stronger results for the six months ended June 30, 2026, while reshaping its balance sheet toward fee-based asset management. Total revenues rose to $13,723,444 from $11,126,791, driven mainly by higher REIT management fees from Orchid Island Capital and $1,728,157 of new investment advisory fees from the April 1 acquisition of Tom Johnson Investment Management, LLC (TJIM).
Net income attributable to stockholders increased to $1,175,111, up from $595,302, with basic and diluted earnings per Class A and B share of $0.12 versus $0.06. The investment portfolio was significantly reduced: mortgage-backed securities at fair value declined to $15,984,754 from $88,928,525, and repurchase agreement liabilities fell to $15,033,000 from $85,326,000, lowering interest expense on these borrowings. Total assets decreased to $64,366,154 from $129,693,972, while stockholders’ equity improved to $13,757,726.
Through TJIM, the company added $9,700,000 of identifiable intangibles and $4,838,864 of goodwill and now reports three segments: Bimini Advisors’ asset management, TJIM’s asset management, and the investment portfolio. Bimini Advisors generated about 74% of consolidated revenues for the six-month period, and TJIM contributed approximately 24% of second-quarter revenues. Results also reflect about $1.5 million of acquisition-related expenses and an approximate $1.1 million increase in the valuation allowance on deferred tax assets.
Bimini Capital Management reported stronger profitability for 2026 to date, driven by fee-based growth and a strategic shift toward investment advisory. For the six months ended June 30, 2026, the company generated net income of $1.2 million, or $0.12 per share, with second-quarter net income of $0.4 million, or $0.04 per share.
Advisory services have become the main earnings engine. Advisory revenue reached $11.9 million for the first half of 2026 and $6.8 million in the second quarter, reflecting higher management fees from Orchid Island Capital and the first-time contribution from the April 1 acquisition of 80% of Tom Johnson Investment Management (TJIM), which generated $1.7 million of fees in the quarter and managed $1.7 billion in assets at June 30, 2026.
To fund the TJIM acquisition, Bimini liquidated most of its agency MBS portfolio, reducing mortgage-backed securities from about $88.9 million at year-end 2025 to $16.0 million at June 30, 2026, sharply lowering MBS interest income and repurchase funding costs. Book value per share was $1.38, based on stockholders’ equity of $13.8 million and 9,990,256 Class A shares outstanding. Total assets were $64.4 million, with $15.0 million of repurchase agreements at a 3.76% weighted average rate and liquidity of $7.6 million.
Bimini Capital Management, Inc. filed an amended report to add audited financials for Tom Johnson Investment Management, LLC (TJIM) and unaudited pro forma financial information related to its April 1, 2026 acquisition of 80% of TJIM for approximately $12.3 million.
TJIM generated 2025 advisory and other revenues of $6.2 million and net income of $1.7 million, with members’ equity of $608,005 at year-end. The pro forma 2025 combined statement shows net income attributable to Bimini of $4.3 million and basic and diluted earnings per share of $0.43, illustrating how TJIM would have affected Bimini’s 2025 results.
Bimini Capital Management, Inc. reported the results of its annual shareholder meeting held on June 9, 2026. Stockholders voted on electing one Class II director, ratifying the independent auditor, approving an amendment to the Company’s Rights Agreement, and giving an advisory vote on 2025 executive compensation.
As of the April 16, 2026 record date, 10,034,668 shares of common stock were outstanding and entitled to vote. Robert E. Cauley was elected as a Class II director to serve until the 2029 annual meeting. Stockholders also ratified the appointment of BDO USA, P.C. as independent registered public accounting firm for the year ending December 31, 2026, approved the First Amendment to the Rights Agreement, and approved the non-binding advisory resolution on 2025 executive compensation.
Bimini Capital Management director and ten percent owner Robert J. Dwyer reported an open-market purchase of Class A Common Stock. On January 17, 2025, he bought 5,500 shares at $0.932 per share, bringing his direct holdings to 1,358,709 shares. This amended filing corrects the transaction date, which had previously been reported as January 17, 2024.
Bimini Capital Management director and 10% owner Robert J. Dwyer reported an open-market purchase of 5,000 shares of Class A common stock at $0.8799 per share. After this trade, he directly holds 1,369,209 shares. The amended Form 4 corrects the originally misreported transaction date to June 6, 2025.
Bimini Capital Management reported consolidated net income of $0.8 million for the three months ended March 31, 2026, up from $0.6 million a year earlier, or $0.08 versus $0.06 basic and diluted EPS on Class A shares. Total revenues rose to $6.5 million from $5.5 million, driven mainly by advisory services revenue from Orchid Island Capital of $5.1 million, about 79% of consolidated revenues.
The firm significantly reduced its mortgage‑backed securities portfolio, with MBS at fair value falling to $16.1 million from $88.9 million, and repurchase agreement liabilities dropping to $15.2 million from $85.3 million. Total assets declined to $58.5 million from $129.7 million as leverage was scaled back.
On April 1, 2026, Bimini acquired 80% of Tom Johnson Investment Management for about $12.3 million, adding roughly $1.6 billion of assets under management and positioning the company to operate with three reportable segments focused on asset management and a smaller investment portfolio. The board also authorized a new $2.5 million Class A share repurchase plan, under which 6,001 shares were bought after quarter‑end at an average price of $2.73 per share.
Bimini Capital Management reported stronger results for the three months ended March 31, 2026 and closed a major acquisition. Net income was about $0.8 million, or $0.08 per share, up from $0.6 million, or $0.06 per share, a year earlier.
Advisory services revenue rose to $5.1 million, a 9% increase over the prior quarter and 43% above the first quarter of 2024, largely driven by growth in stockholders’ equity at Orchid Island Capital, which Bimini manages. Book value per share increased to $1.34, with stockholders’ equity of $13.4 million and 10,005,457 Class A shares outstanding.
On April 1, 2026, Bimini completed the acquisition of 80% of Tom Johnson Investment Management, a registered investment adviser with about $1.6 billion of assets under management. To fund this, Bimini liquidated most of its Agency MBS portfolio, reducing mortgage-backed securities from $88.9 million to $16.1 million and repurchase agreements from $85.3 million to $15.2 million, while maintaining an MBS strategy with lower leverage and liquidity of about $16.5 million.