Quarterly ResultMay 7, 2026, 04:43 PM
Bimini Capital Q1 Net Income $0.8M, EPS $0.08; Book Value $1.34
AI Summary
Bimini Capital Management, Inc. announced its first quarter 2026 results, reporting a net income of $0.8 million, or $0.08 per common share, an increase from the prior year. The company's book value per share also rose to $1.34. This quarter's results reflect increased advisory service revenues, partly due to the expansion of Orchid Island Capital's equity base. The company also highlighted the completion of its acquisition of an 80% interest in Tom Johnson Investment Management, LLC (TJIM) on April 1, 2026, which manages approximately $1.6 billion in assets. The acquisition led to a significant reduction in Bimini's Agency RMBS portfolio, and the company noted uneven market conditions and geopolitical uncertainty.
Key Highlights
- Acquisition of 80% of Tom Johnson Investment Management, LLC (TJIM) completed April 1, 2026.
- TJIM manages approximately $1.6 billion of assets under management.
- Q1 2026 net income was $0.8 million, or $0.08 per common share, up from $0.6 million in Q1 2025.
- Book value per share increased to $1.34 at March 31, 2026, from $1.26 at December 31, 2025.
- Advisory service revenues rose 9% QoQ to $5.1 million, and 43% YoY.
- MBS portfolio fair value decreased to $16.07 million from $88.93 million due to asset liquidation.
- Liquidity was approximately $16.5 million at March 31, 2026.
- An earnings conference call is scheduled for May 8, 2026, at 10:00 AM ET.