secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001437749-24-014398
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000143774924014398/0001437749-24-014398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000143774924014398/bcmi20240320_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014398

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer