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Bimini Capital Management Inc (BMNM)
OTHER OTC:BMNM
RESEARCH TOOLSreports
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.02Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: 0.00%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable achievements in equity growth, advisory service revenue, and net interest income. However, these positives were offset by a net loss for the quarter, increased interest expenses, and an uncertain economic outlook. The highlights and lowlights are relatively balanced.Company Guidance
During the fourth quarter of 2024, Bimini Capital Management reported a net income of $5.6 million for Orchid Island Capital, with shareholders' equity rising from $656 million to $668.5 million compared to the previous quarter. This increase in equity contributed to a slight rise in Bimini's advisory service revenue, from $3.3 million in the third quarter to $3.4 million. The Royal Palm investment portfolio generated net interest income of $0.3 million, while dividends on Orchid stock amounted to $0.2 million. The MBS portfolio saw a quarterly increase of $4 million and a yearly increase of $29.5 million. Despite a net loss for the fourth quarter of $1.5 million, due to a net tax provision of $2.1 million, the company maintained positive cash flows from operations, allowing continued growth in the MBS portfolio. Gross interest income rose from $0.6 million in Q1 2023 to $1.7 million in Q4 2024, while repurchase agreement-related interest expenses increased from $0.5 million to $1.4 million over the same period. As the market conditions remained favorable, the outlook for both Orchid and Royal Palm investment portfolios was positive, despite a fluid economic environment.Increase in Shareholders' Equity
Orchid Island Capital reported an increase in shareholders' equity from $656 million to $668.5 million, indicating a positive trend in equity growth.
Growth in Advisory Service Revenue
Bimini's advisory service revenue increased slightly from $3.3 million in the third quarter to $3.4 million in the fourth quarter.
Net Interest Income Growth
Net interest income from the investment portfolio grew from $0.6 million in Q1 2023 to $1.7 million in Q4 2024, reflecting positive cash flow and investment growth.
Positive MBS Portfolio Growth
The MBS portfolio increased by $4 million during Q4 2024, contributing to a total annual increase of $29.5 million.
Positive Net Income Before Taxes
The company recorded a net income before taxes of $0.5 million for Q4 2024, a significant improvement from a net loss before taxes of $0.8 million in the third quarter.
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BMNM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BMNM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | $0.95 | $1.00 | +5.26% |
| Oct 31, 2024 | $0.92 | $0.95 | +3.26% |
| Aug 01, 2024 | $0.86 | $0.76 | -11.63% |
| May 02, 2024 | $0.65 | $0.65 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bimini Capital Management Inc (BMNM) report earnings?
Bimini Capital Management Inc (BMNM) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Bimini Capital Management Inc (BMNM) earnings time?
Bimini Capital Management Inc (BMNM) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BMNM EPS forecast?
Currently, no data Available
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