secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001437749-23-005985
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000143774923005985/0001437749-23-005985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000143774923005985/bcmi20221206_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-005985

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