earnings
confidence high
sentiment neutral
materiality 0.50
Bimini Capital reports Q2 net income of $43K; book value per share $0.74
BIMINI CAPITAL MANAGEMENT, INC.
- Net income of $43K ($0.00 per share) for Q2; H1 net income of $0.6M ($0.06 per share).
- Advisory services revenue rose 20% YoY to $3.8M; MBS segment recorded $1.3M loss.
- Book value per share $0.74 vs $0.68 at Dec 2024; stockholders' equity $7.4M.
- Sold $9.8M MBS early Q2; MBS portfolio market value $107.6M at quarter end.
- Management expects to resume RMBS portfolio growth as cash positions increased.