Bimini Capital reports Q3 2024 net income of $0.3M; book value per share $0.83

BIMINI CAPITAL MANAGEMENT, INC.

Net income of $0.3M ($0.03 EPS) vs net loss of $0.4M ($0.04 loss) in Q3 2023.
Advisory service revenue $3.3M from managing Orchid Island Capital, up 4% QoQ.
Book value per share $0.83, up from $0.81 at Dec 31, 2023; equity $8.3M.
MBS portfolio $118.4M; net interest income $0.3M; combined portfolio return 6.2%.
CEO cites Fed 50 bp rate cut; cautions economic resilience may limit near-term capital raises.

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