secwatch.observer — SEC 8-K summary
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Issuer:     BIMINI CAPITAL MANAGEMENT, INC. (BMNM)
CIK:        0001275477
Form:       8-K
Filed at:   2026-08-06T20:58:06+00:00
Accession:  0001437749-26-026342
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bimini Capital Q2 net income $0.4M ($0.04/sh); advisory revenue up 79% on TJIM acquisition
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- Net income $0.4M ($0.04/sh) in Q2 2026 vs $0.04M ($0.00/sh) in Q2 2025; H1 net income $1.2M ($0.12/sh).
- Advisory services revenue $6.8M in Q2 2026, up from $3.8M in Q2 2025, driven by TJIM acquisition and higher Orchid management fees.
- TJIM contributed $1.7M advisory revenue in Q2 2026; acquisition of 80% stake closed April 1, 2026.
- Book value per share $1.38 at June 30, 2026, up from $1.34 at March 31, 2026.
- MBS portfolio reduced to $16M from $89M at Dec 2025 to fund TJIM acquisition; interest income declined.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275477/000143774926026342/0001437749-26-026342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275477/000143774926026342/bcmi20260623_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-026342

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