secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0001275477-21-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000127547721000011/0001275477-21-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000127547721000011/bmnm8k20211108.htm
  HTML page:      https://secwatch.observer/filing/0001275477-21-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer