---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-007005"
form_type: "8-K"
ticker: "BMNM"
cik: "0001275477"
company_name: "BIMINI CAPITAL MANAGEMENT, INC."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:13:06.299302+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-007005
- form_type: 8-K
- ticker: BMNM
- cik: 0001275477
- company_name: BIMINI CAPITAL MANAGEMENT, INC.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275477/000143774924007005/0001437749-24-007005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275477/000143774924007005/bcmi20231115_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-007005
- JSON: https://secwatch.observer/filing/0001437749-24-007005.json
- Plain text: https://secwatch.observer/filing/0001437749-24-007005.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275477/000143774924007005/0001437749-24-007005-index.htm

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