---
schema_version: "secwatch.filing_event.v1"
accession: "0001275477-22-000024"
form_type: "8-K"
ticker: "BMNM"
cik: "0001275477"
company_name: "BIMINI CAPITAL MANAGEMENT, INC."
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-21T22:23:03.272726+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bimini Capital reports Q3 net loss of $3.2M; book value drops to $2.38

## Summary
- Net loss of $3.2M ($0.31/share) vs. net income of $464k in Q3 2021.
- Book value per share fell to $2.38 from $3.08 at Dec 31, 2021.
- Advisory services revenue of $3.3M; mark-to-market loss of $3.1M on Orchid common stock.
- MBS portfolio total return of -18.3% for the quarter; pass-through return -31.5%.
- Combined portfolio market value $44.3M; liquidity $6.1M.

## SEC filing metadata
- accession: 0001275477-22-000024
- form_type: 8-K
- ticker: BMNM
- cik: 0001275477
- company_name: BIMINI CAPITAL MANAGEMENT, INC.
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275477/000127547722000024/0001275477-22-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275477/000127547722000024/bmnm8k20221110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001275477-22-000024
- JSON: https://secwatch.observer/filing/0001275477-22-000024.json
- Plain text: https://secwatch.observer/filing/0001275477-22-000024.txt

## Key facts
- Earnings Releases
  BIMINI CAPITAL MANAGEMENT, INC. reported the three-month period ended September 30, 2022 results: revenue $3.3 million, net income Net loss of $3.2 million, EPS $0.31 per common share.
  - Period: the three-month period ended September 30, 2022
  - Revenue: $3.3 million
  - Net income: Net loss of $3.2 million
  - EPS: $0.31 per common share
  - Result: reported results
  source text: 2022 Results of Operations The Company reported net loss of $3.2 million for the three-month period ended September 30, 2022. Advisory service revenue for the quarter was $3.3 million. We recorded interest and dividend income of $0.7 million and interest expense on repurchase agreements of $0.2 million and long-term debt of $0.4 million. We recorded a $3.1
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275477/000127547722000024/0001275477-22-000024-index.htm

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