secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2024-03-07T23:59:59+00:00
Accession:  0001437749-24-007005
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000143774924007005/0001437749-24-007005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000143774924007005/bcmi20231115_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-007005

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