---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-005985"
form_type: "8-K"
ticker: "BMNM"
cik: "0001275477"
company_name: "BIMINI CAPITAL MANAGEMENT, INC."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T06:27:13.193612+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bimini Capital reports Q4 2022 net loss of $12.0M, or $1.17 per share

## Summary
- 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%.

## SEC filing metadata
- accession: 0001437749-23-005985
- form_type: 8-K
- ticker: BMNM
- cik: 0001275477
- company_name: BIMINI CAPITAL MANAGEMENT, INC.
- filed_at: 2023-03-09T23:59:59+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/1275477/000143774923005985/0001437749-23-005985-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275477/000143774923005985/bcmi20221206_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-005985
- JSON: https://secwatch.observer/filing/0001437749-23-005985.json
- Plain text: https://secwatch.observer/filing/0001437749-23-005985.txt

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