secwatch.observer — SEC 8-K summary
======================================

Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001437749-26-008006
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000143774926008006/0001437749-26-008006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000143774926008006/bcmi20251015_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-008006

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