secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001437749-26-015631
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bimini Capital Q1 net income $0.8M ($0.08/sh); book value $1.34
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- Net income of $0.8M vs $0.6M in Q1 2025; EPS $0.08 vs $0.06.
- Book value per share $1.34, up from $1.26 at Dec 31, 2025.
- Advisory service revenue $5.1M, up 9% from Q4 2025 and 43% from Q1 2024.
- Acquired 80% of Tom Johnson Investment Management on April 1, 2026; funded by liquidating most of MBS portfolio.
- Expenses $3.7M, up 27% YoY, including $0.6M in TJIM acquisition costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000143774926015631/0001437749-26-015631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000143774926015631/bcmi20260115_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-015631

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