Recent Updates — BMNM

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.

Bimini Capital Management appointed Richard H. Parry as a Class II director on September 14, 2026, with his term expiring in 2029. Mr. Parry serves as President and Chief Investment Officer of Tom Johnson Investment Management (TJIM), an 80%-owned subsidiary acquired for $12,318,492 in April 2026 from trusts affiliated with him. He holds a direct material interest in the acquisition and is not separately compensated for his board service. This filing relates to Bimini Capital Management, Inc., an asset management company.

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.