Bimini Capital Management reported positive financial results and strong portfolio performance

From GlobeNewswire: 2025-05-01 16:18:00

In the first quarter of 2025, Bimini Capital Management reported net income of $0.6 million and a book value per share of $0.74. Orchid Island Capital, managed by Bimini, generated a net income of $17.1 million and raised $205.4 million during the quarter. Bimini’s advisory service revenues increased by 22% compared to the first quarter of 2024. The company’s portfolio saw increased interest revenue and net interest income. The Company will discuss these results in an earnings conference call on May 2, 2025, at 10:00 AM ET.

During the quarter, Bimini Capital Management experienced challenging market conditions in the second quarter of 2025 due to uncertainty surrounding tariffs introduced by the new administration. Despite this, Orchid Island Capital saw positive performance, raising additional capital and enhancing advisory service revenues for Bimini. The company’s investment portfolio, as well as Orchid’s, could benefit from enhanced net interest margins in the future.

Bimini’s MBS portfolio on March 31, 2025, consisted of Fixed Rate MBS and Structured MBS. The company’s total MBS portfolio was valued at $120,965,124, with the majority in Freddie Mac securities. The weighted average pass-through purchase price was $102.72, and the weighted average structured purchase price was $4.48. Financing and liquidity remained strong, with outstanding repurchase obligations of approximately $115.5 million and liquidity of $4.5 million in unpledged MBS and cash equivalents.



Read more at GlobeNewswire: Bimini Capital Management Announces First Quarter 2025