Bimini Capital reports Q1 net income $0.2M; book value per share $0.83

BIMINI CAPITAL MANAGEMENT, INC.

Net income $0.2M ($0.02 diluted EPS) vs $1.0M ($0.10) in Q1 2023, down 79%.
Advisory services revenue $2.9M, down from $3.4M YoY; management fees included.
Book value per share $0.83, up from $0.81 at Dec 2023; equity $8.3M with 10.0M shares.
Combined MBS portfolio return on invested capital 8.0% for Q1 2024.
Prepayment rate (CPR) rose to 16.5% from 8.0% in Q4 2023 due to higher refis.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BIMINI CAPITAL MANAGEMENT, INC. reported the three-month period ended March 31, 2024 results: net income $0.2 million, EPS $0.02 per common share.

Period: the three-month period ended March 31, 2024
Net income: $0.2 million
EPS: $0.02 per common share
Result: reported results

Exact text from the filing

Net income of $0.2 million, or $0.02 per common share

View on SEC.gov

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BIMINI CAPITAL MANAGEMENT, INC. filing history →

Source: SEC EDGAR

accession 0001437749-24-014398

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