secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001437749-23-023038
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000143774923023038/0001437749-23-023038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000143774923023038/bcmi20230609_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023038

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