earnings
confidence high
sentiment negative
materiality 0.70
Bimini Capital reports Q4 2022 net loss of $12.0M, or $1.17 per share
BIMINI CAPITAL MANAGEMENT, INC.
- Net loss of $12.0M ($1.17 per share); advisory services revenue $3.3M, interest & dividend income $0.8M.
- Book value per share fell to $1.21 from $3.08 year-over-year; stockholders' equity dropped to $12.1M.
- MBS portfolio value $45.9M, down from $60.8M a year ago; added modestly $2.2M in new pass-through MBS.
- Combined portfolio ROIC of 10.1% for Q4; pass-through MBS returned 14.4%, structured MBS 2.7%.
- Liquidity of $6.2M; outstanding repurchase obligations $43.8M at weighted average rate of 4.48%.