---
schema_version: "secwatch.filing_event.v1"
accession: "0001275477-22-000012"
form_type: "8-K"
ticker: "BMNM"
cik: "0001275477"
company_name: "BIMINI CAPITAL MANAGEMENT, INC."
filed_at: "2022-05-12T23:59:59+00:00"
generated_at: "2026-06-25T17:46:40.257100+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bimini Capital posts Q1 net loss of $3.5M; BVPS falls to $2.77 from $3.08

## Summary
- Net loss of $3.5M ($0.33 diluted EPS); advisory service revenue $3.1M; combined MBS return on capital (22.6)%.
- Mark-to-market loss of $3.2M on Orchid Island Capital shares; $3.1M MTM loss on MBS portfolio.
- Book value per share declined to $2.77 from $3.08 at Dec. 31, 2021.
- Post-quarter: sold $23.1M RMBS assets realizing $0.9M loss; portfolio reduced to ~$29.0M market value.
- Management cites Fed tightening, Ukraine war, China shutdowns as headwinds; building cash position.

## SEC filing metadata
- accession: 0001275477-22-000012
- form_type: 8-K
- ticker: BMNM
- cik: 0001275477
- company_name: BIMINI CAPITAL MANAGEMENT, INC.
- filed_at: 2022-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275477/000127547722000012/0001275477-22-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275477/000127547722000012/bmnm8k20220512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001275477-22-000012
- JSON: https://secwatch.observer/filing/0001275477-22-000012.json
- Plain text: https://secwatch.observer/filing/0001275477-22-000012.txt

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