secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001437749-23-030033
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000143774923030033/0001437749-23-030033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000143774923030033/bcmi20230818_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-030033

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