{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-013940","form_type":"8-K","ticker":"BMNM","cik":"0001275477","company_name":"BIMINI CAPITAL MANAGEMENT, INC.","filed_at":"2023-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.243474+00:00","generated_at":"2026-06-15T03:40:25.663600+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Bimini Capital Q1 net income $1.0M ($0.10/sh); book value $1.31, up from $1.21","bullets":["Net income $1.0M ($0.10 diluted EPS) vs net loss $3.5M ($0.33 loss) in Q1 2022.","Book value per share $1.31, up from $1.21 at Dec 31, 2022.","Advisory service revenue $3.4M (+10% YoY); from managing Orchid Island Capital.","MBS portfolio $45.6M; return on invested capital 4.9% for Q1.","Interest rate spread narrowed to 0.19% from 3.18% YoY due to rate volatility and bank failures."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-013940","json":"https://secwatch.observer/filing/0001437749-23-013940.json","markdown":"https://secwatch.observer/filing/0001437749-23-013940.md","text":"https://secwatch.observer/filing/0001437749-23-013940.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1275477/000143774923013940/0001437749-23-013940-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1275477/000143774923013940/bcmi20230325_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T03:40:25.663600+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0e391ad1819afaa17067d1362f77e080e16e36e6","claim":"BIMINI CAPITAL MANAGEMENT, INC. reported the three-month period ended March 31, 2023 results: revenue $3.4 million, net income $1.0 million, EPS $0.10 per common share.","evidence_excerpt":"in a $0.1 million dollar gain. Orchid’s dividend was unchanged for the quarter. Finally, advisory service revenues related to Bimini Advisors management of Orchid Island were $3.4 million in the first quarter of 2023 compared to $3.3 million in the fourth quarter of 2022. “With respect to the MBS portfolio at Royal Palm, as was the case throughout most of the year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1275477/000143774923013940/0001437749-23-013940-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three-month period ended March 31, 2023"},{"label":"Revenue","value":"$3.4 million"},{"label":"Net income","value":"$1.0 million"},{"label":"EPS","value":"$0.10 per common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}