---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-008006"
form_type: "8-K"
ticker: "BMNM"
cik: "0001275477"
company_name: "BIMINI CAPITAL MANAGEMENT, INC."
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T12:57:36.584277+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bimini Capital reports Q4 2025 net income of $3.4M, book value $1.26; announces $2.5M buyback

## Summary
- Q4 2025 net income $3.4M ($0.34/diluted share); full year net income $5.8M ($0.58/share) vs net loss of $1.3M in 2024.
- Advisory service revenue Q4 $4.7M (up from $3.4M in Q4 2024); full year $16.6M (up from $12.8M).
- Book value per share rose to $1.26 at Dec 31, 2025 from $0.68 a year earlier.
- Board approved $2.5M share repurchase plan; shares bought in open market under 10b5-1 plan over 24 months.
- Pending acquisition of 80% of Tom Johnson Investment Management (AUM ~$1.6B) expected to close Q2 2026.

## SEC filing metadata
- accession: 0001437749-26-008006
- form_type: 8-K
- ticker: BMNM
- cik: 0001275477
- company_name: BIMINI CAPITAL MANAGEMENT, INC.
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1275477/000143774926008006/0001437749-26-008006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1275477/000143774926008006/bcmi20251015_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-008006
- JSON: https://secwatch.observer/filing/0001437749-26-008006.json
- Plain text: https://secwatch.observer/filing/0001437749-26-008006.txt

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