Quarterly ResultAug 6, 2026, 05:03 PM
Bimini Capital Q2 Net Income $0.4M, EPS $0.04; Book Value $1.38
AI Summary
Bimini Capital Management reported strong second quarter and year-to-date 2026 financial results, driven by the acquisition of Tom Johnson Investment Management (TJIM). Net income for Q2 2026 increased significantly to $0.4 million, or $0.04 per share, compared to the prior year. Advisory services revenue saw a substantial rise, largely due to TJIM's contribution, while the company's MBS portfolio was reduced to fund the acquisition. Book value per share also improved to $1.38.
Key Highlights
- Net income for Q2 2026 was $0.4 million, or $0.04 per common share, up from $0.04 million in Q2 2025.
- Year-to-date net income was $1.2 million, or $0.12 per common share, compared to $0.6 million in 2025.
- Book value per share increased to $1.38 at June 30, 2026, from $1.34 at March 31, 2026.
- Advisory services revenue rose to $6.8 million in Q2 2026, up from $3.8 million in Q2 2025.
- TJIM, acquired April 1, 2026, contributed $1.7 million in advisory services revenue for Q2 2026.
- TJIM's assets under management (AUM) increased to $1.7 billion at June 30, 2026.
- MBS portfolio fair value declined to $15.9 million at June 30, 2026, from $88.9 million at Dec 31, 2025.
- Liquidity stood at $7.6 million as of June 30, 2026.
Price Impact
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