Bimini Capital Q4 net loss $4.9M, EPS -$0.48; book value falls to $0.81

BIMINI CAPITAL MANAGEMENT, INC.

Net loss of $4.9M ($0.48/sh) in Q4 2023; full-year loss narrowed to $4.0M from $19.8M in 2022.
Book value per share fell to $0.81 from $1.21 a year earlier, driven by tax valuation allowance.
Advisory revenue down 6% YoY to $3.1M; interest income up 96% to $1.55M, but net interest income flat at $376K.
MBS portfolio grew to $92.7M from $84.9M in Q3; portfolio return on invested capital was 9.4% for Q4.
Recorded a $4.5M income tax provision from increasing deferred tax asset valuation allowance.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BIMINI CAPITAL MANAGEMENT, INC. reported three-month period ended December 31, 2023 results: net income Net loss of $4.9 million, EPS $0.48 per common share.

Period: three-month period ended December 31, 2023
Net income: Net loss of $4.9 million
EPS: $0.48 per common share
Result: reported results

Exact text from the filing

Bimini Capital Management, Inc., (the “Company”) issued the press release attached hereto as Exhibit 99.1 announcing the Company’s consolidated results of operations for the period ended December 31, 2023.

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BIMINI CAPITAL MANAGEMENT, INC. filing history →

Source: SEC EDGAR

accession 0001437749-24-007005

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