secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0001437749-23-013940
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bimini Capital Q1 net income $1.0M ($0.10/sh); book value $1.31, up from $1.21
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000143774923013940/0001437749-23-013940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000143774923013940/bcmi20230325_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013940

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