---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-014398"
form_type: "8-K"
ticker: "BMNM"
cik: "0001275477"
company_name: "BIMINI CAPITAL MANAGEMENT, INC."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:01:25.907461+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-014398
- form_type: 8-K
- ticker: BMNM
- cik: 0001275477
- company_name: BIMINI CAPITAL MANAGEMENT, INC.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275477/000143774924014398/0001437749-24-014398-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275477/000143774924014398/bcmi20240320_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-014398
- JSON: https://secwatch.observer/filing/0001437749-24-014398.json
- Plain text: https://secwatch.observer/filing/0001437749-24-014398.txt

## Key facts
- Earnings Releases
  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
  source text: Net income of $0.2 million, or $0.02 per common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1275477/000143774924014398/0001437749-24-014398-index.htm

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