Bimini Capital ( (BMNM) ) has released its Q1 earnings. Here is a breakdown of the information Bimini Capital presented to its investors.
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Bimini Capital Management, Inc. is a financial company that primarily invests in residential mortgage-related securities and provides management services to Orchid Island Capital, Inc., operating within the real estate investment trust sector.
In its first quarter of 2025, Bimini Capital reported a net income of $0.6 million, translating to $0.06 per common share, and a book value per share of $0.74. The company highlighted stable market conditions that favored its investment strategy in Agency RMBS, leading to attractive returns.
Key financial metrics for the quarter included a 22% increase in advisory service revenues compared to the first quarter of 2024, and a 64% rise in net interest income, supported by lower funding costs due to previous Fed rate cuts. Orchid Island Capital, managed by Bimini, reported a net income of $17.1 million and raised $205.4 million in capital, enhancing Bimini’s advisory revenues.
Looking ahead, Bimini Capital’s management expressed cautious optimism, noting potential benefits from a steeper interest rate curve despite uncertainties surrounding new tariffs and their economic impacts. The company remains poised to navigate these challenges while seeking opportunities for enhanced net interest margins.