---
schema_version: "secwatch.filing_event.v1"
accession: "0001275477-21-000011"
form_type: "8-K"
ticker: "BMNM"
cik: "0001275477"
company_name: "BIMINI CAPITAL MANAGEMENT, INC."
filed_at: "2021-11-08T23:59:59+00:00"
generated_at: "2026-06-28T11:18:17.046122+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Bimini Capital Q3 net income $0.5M ($0.04/share), book value $3.13; advisory revenue up 56% YoY

## Summary
- Net income of $0.5M, or $0.04 per diluted share, vs $1.3M ($0.11/share) in Q3 2020.
- Advisory services revenue rose 56% YoY to $2.5M, driven by Orchid's capital raise of $207.5M in Q3.
- Book value per share increased to $3.13 from $2.97 at year-end 2020.
- Company repurchased 812,879 shares at $1.85 per share via tender offer in July 2021.
- Combined MBS portfolio return on invested capital 2.4% for Q3; prepayment speeds moderated to 18.3 CPR.

## SEC filing metadata
- accession: 0001275477-21-000011
- form_type: 8-K
- ticker: BMNM
- cik: 0001275477
- company_name: BIMINI CAPITAL MANAGEMENT, INC.
- filed_at: 2021-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275477/000127547721000011/0001275477-21-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275477/000127547721000011/bmnm8k20211108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001275477-21-000011
- JSON: https://secwatch.observer/filing/0001275477-21-000011.json
- Plain text: https://secwatch.observer/filing/0001275477-21-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.