Bimini Capital Management Announces Strong Q4 2025 Results and New \$2.5 Million Share Repurchase Plan

Key Financial Highlights

• Net Income: The company reported net income of \$3.4 million, or \$0.34 per common share for the fourth quarter ended December 31, 2025. For the full year 2025, net income was \$5.8 million, or \$0.58 per common share.
• Book Value Per Share: Book value per share stood at \$1.26 at December 31, 2025.
• Revenue: Advisory service revenue for Q4 2025 was \$4.7 million, comprising management fees (\$3.7 million), overhead reimbursements (\$0.7 million), and repurchase agreement and clearing services revenue (\$0.3 million).
• Interest and Dividend Income: Interest and dividend income for the quarter amounted to \$1.7 million.
• Total Assets: As of December 31, 2025, total assets were \$129.7 million, including mortgage-backed securities at fair value (\$88.9 million) and Orchid Island Capital, Inc. common stock at fair value (\$4.1 million).

Share Repurchase Plan – Price Sensitive Event

• The Board of Directors has approved a \$2.5 million share repurchase plan for the Company’s Class A Common Stock, to be executed over the next 24 months. Shares will be repurchased on the open market in accordance with a written plan adopted under Rule 10b5-1 of the Securities Exchange Act of 1934.
• The repurchase plan will be financed using available cash. There is no guarantee on the number or aggregate value of shares to be repurchased. The plan may be suspended or discontinued at any time, subject to SEC rules and regulations.
• This is a price-sensitive event as it could influence share value by reducing the float and potentially signaling management’s confidence in the company’s future prospects.

Operational and Market Commentary

Chairman and CEO Robert E. Cauley commented on the company’s Q4 performance and market conditions: “The fixed income markets experienced a period of calm as 2025 came to a close and we entered 2026. Interest rates remained in a tight range, and implied interest rate volatility continued the decline that began in April 2025. Agency RMBS performed well during the quarter. Other sectors, including investment grade corporate bonds, also performed strongly, with spreads reaching levels not seen since 1998. Risk sentiment was strong, and the S&P 500 generated robust returns.”

Portfolio Details

• Mortgage-Backed Securities Portfolio: \$88.9 million at fair value.
• Repurchase Agreement Obligations: \$85.3 million.
• Other Liabilities: \$4.4 million.
• Stockholders’ Equity: \$10.0 million, with 10,005,457 Class A Common Shares outstanding.

Key Financial Ratios and Metrics

• Average Portfolio Yield: 3.94% (Q4 2025), up from 4.87% in Q4 2024.
• Average Interest Rate Spread: 1.59% in Q4 2025, compared to 0.69% in Q4 2024.

Earnings Conference Call

Bimini Capital Management will host an earnings conference call and live webcast on Friday, March 13, 2026, at 10:00 AM ET. Participants can register and get dial-in information online. The webcast is accessible through the Company’s investor relations website.

About Bimini Capital Management, Inc.

Bimini Capital Management, Inc. primarily invests in residential mortgage-related securities issued by Fannie Mae, Freddie Mac, and Ginnie Mae, aiming to earn returns on the spread between yields on these securities and related funding costs.

Forward-Looking Statements

Statements in this article relating to future events are forward-looking and based on management’s current expectations. Actual performance may differ materially due to risks and uncertainties. Key risk factors are outlined in Bimini Capital Management’s SEC filings, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The company assumes no obligation to update forward-looking statements unless required by law.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should review all relevant SEC filings and consult with their financial advisors before making any investment decisions. The information is based on unaudited financial statements and is subject to change.

View BIMINI CAPITAL MANAGEMENT, INC. Historical chart here