---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-023038"
form_type: "8-K"
ticker: "BMNM"
cik: "0001275477"
company_name: "BIMINI CAPITAL MANAGEMENT, INC."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T16:41:35.128579+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bimini Capital Q2 2023 net income $0.3M vs loss of $1.2M year ago

## Summary
- Net income of $0.3M ($0.03 EPS) vs net loss $1.2M ($0.11 loss) in Q2 2022.
- Book value per share $1.34 at June 30, 2023; stockholders' equity $13.4M.
- Advisory services revenue $3.5M, up 5.5% YoY, driven by Orchid's equity growth.
- MBS portfolio market value rose to $63.8M from $45.6M at March 31, 2023.
- Net interest and dividend income fell to $0.3M from $0.7M due to higher repo costs.

## SEC filing metadata
- accession: 0001437749-23-023038
- form_type: 8-K
- ticker: BMNM
- cik: 0001275477
- company_name: BIMINI CAPITAL MANAGEMENT, INC.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275477/000143774923023038/0001437749-23-023038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275477/000143774923023038/bcmi20230609_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-023038
- JSON: https://secwatch.observer/filing/0001437749-23-023038.json
- Plain text: https://secwatch.observer/filing/0001437749-23-023038.txt

## Key facts
- Earnings Releases
  BIMINI CAPITAL MANAGEMENT, INC. reported three-month period ended June 30, 2023 results: revenue $3.5 million, net income $0.3 million, EPS $0.03 per common share.
  - Period: three-month period ended June 30, 2023
  - Revenue: $3.5 million
  - Net income: $0.3 million
  - EPS: $0.03 per common share
  - Result: reported results
  source text: Orchid raised additional equity capital of approximately $47.6 million during the second quarter of 2023. Bimini 's advisory services revenue for the quarter was approximately $3.5 million, a 5.5% increase over the comparable quarter in 2022, reflecting Orchid's increased equity. Orchid is also obligated to reimburse us for direct expenses paid on its behalf and to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275477/000143774923023038/0001437749-23-023038-index.htm

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