Bimini Capital reports Q3 net loss of $0.4M, EPS -$0.04; book value $1.30

BIMINI CAPITAL MANAGEMENT, INC.

Net loss of $0.4M ($0.04 per share) vs loss of $3.2M in Q3 2022; advisory revenue $3.6M (+9% YoY).
Book value per share $1.30, stockholders' equity $13.0M with 10.0M shares outstanding.
MBS portfolio grew to $84.9M (from $63.8M at June 30); combined portfolio return on invested capital -15.1%.
Net interest and dividend income $281k declined from $518k YoY due to higher interest expense.
PT MBS portfolio return -23.1%; structured MBS portfolio return +3.3%.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BIMINI CAPITAL MANAGEMENT, INC. reported the three-month period ended September 30, 2023 results: net income $0.4 million, EPS $0.04 per common share.

Period: the three-month period ended September 30, 2023
Net income: $0.4 million
EPS: $0.04 per common share
Result: reported results

Exact text from the filing

Net loss of $0.4 million, or $0.04 per common share

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BIMINI CAPITAL MANAGEMENT, INC. filing history →

Source: SEC EDGAR

accession 0001437749-23-030033

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