secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001275477-22-000024
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000127547722000024/0001275477-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000127547722000024/bmnm8k20221110.htm
  HTML page:      https://secwatch.observer/filing/0001275477-22-000024

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