AcquisitionsAug 7, 2026, 01:34 PM
Bimini Capital Acquires TJIM; Q2 EPS $0.04, Net Income +775%
AI Summary
Bimini Capital Management, Inc. reported a significant increase in net income and EPS for the second quarter and first half of 2026, largely driven by the acquisition of an 80% stake in Tom Johnson Investment Management (TJIM) on April 1, 2026. TJIM, an SEC-registered investment adviser, manages over $1.7 billion in regulatory assets under management, diversifying Bimini Capital's operations into a broader financial services and asset management platform. For Q2 2026, net income attributable to stockholders surged 775% to $374,057, with EPS rising to $0.04. For the six months ended June 30, 2026, net income increased 97.4% to $1.18 million on total revenues of $13.72 million, up 23.3% year-over-year.
Key Highlights
- Acquired an 80% ownership stake in Tom Johnson Investment Management (TJIM) on April 1, 2026.
- TJIM manages over $1.7 billion in regulatory assets under management.
- Q2 2026 net income attributable to stockholders increased 775% to $374,057 YoY.
- Q2 2026 Basic and Diluted EPS (Class A) rose to $0.04 from $0.00 YoY.
- Six-month 2026 net income attributable to stockholders increased 97.4% to $1.18 million.
- Six-month 2026 total revenues increased 23.3% to $13.72 million.
- Investment advisory fees, new from TJIM, were $1.73 million for the six months ended June 30, 2026.
- Total assets decreased to $64.37 million as of June 30, 2026, from $129.69 million at Dec 31, 2025.
Price Impact
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