secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001437749-24-024295
Event type: earnings
Sentiment:  negative
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bimini Capital Q2 2024 net loss $0.3M, book value $0.81/share
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- Net loss of $273,845 ($0.03 per share) for Q2 2024, vs net income of $285,507 in Q2 2023.
- Advisory services revenue $3.2M, up 8% QoQ; interest and dividend income $1.5M.
- MBS portfolio $86.4M; repurchase obligations $82.9M at weighted average rate 5.47%.
- Net interest income after hedging $0.3M; mark-to-market losses of $0.3M on Orchid shares.
- Book value per share unchanged at $0.81; total stockholders' equity $8.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000143774924024295/0001437749-24-024295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000143774924024295/bcmi20240611_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-024295

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