---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-030033"
form_type: "8-K"
ticker: "BMNM"
cik: "0001275477"
company_name: "BIMINI CAPITAL MANAGEMENT, INC."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:29:29.785856+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001437749-23-030033
- form_type: 8-K
- ticker: BMNM
- cik: 0001275477
- company_name: BIMINI CAPITAL MANAGEMENT, INC.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275477/000143774923030033/0001437749-23-030033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275477/000143774923030033/bcmi20230818_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-030033
- JSON: https://secwatch.observer/filing/0001437749-23-030033.json
- Plain text: https://secwatch.observer/filing/0001437749-23-030033.txt

## Key facts
- Earnings Releases
  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
  source text: Net loss of $0.4 million, or $0.04 per common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275477/000143774923030033/0001437749-23-030033-index.htm

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