Earnings ·
Bimini Capital Management reported net income of $0.4 million ($0.04 per share) for the second quarter ended June 30…
BMNMBimini Capital Management, Inc.
Bimini Capital Management reported net income of $0.4 million ($0.04 per share) for the second quarter ended June 30, 2026, compared to $0.04 million in the prior year period. For the first six months of 2026, net income rose to $1.2 million ($0.12 per share) from $0.6 million in 2025. The results reflect the April 1 acquisition of an 80% stake in Tom Johnson Investment Management (TJIM), which contributed $1.7 million in advisory revenue and increased total advisory services to $6.8 million for the quarter. Concurrently, the company liquidated substantially all of its mortgage-backed securities portfolio to fund the transaction, reducing MBS interest income to $0.3 million from $1.2 million in Q1 2026. Book value per share stood at $1.38 as of June 30, 2026. Bimini Capital Management operates in the financial services industry, managing mortgage-backed securities and providing investment advisory services.