Earnings ·
Reports Q3 net income of $1.0 million, or $0.10 per share
BMNMBimini Capital Management, Inc.
Bimini Capital Management reported third-quarter 2026 net income attributable to stockholders of $1.0 million, or $0.10 per common share, down from $1.8 million, or $0.18 per share, in the prior-year period. For the nine months ended September 30, 2026, net income was $2.2 million, or $0.22 per share, compared to $2.4 million, or $0.24 per share, a year ago. Advisory services revenue rose to $6.6 million in the quarter from $4.5 million, driven by growth in Orchid Island Capital's assets and contributions from the acquired Tom Johnson Investment Management (TJIM). Book value per share increased to $1.47 at September 30, 2026, from $1.38 at June 30. The company operates as an investment management firm managing mortgage-backed securities portfolios and advisory services.