Bimini Capital Q2 FY26 net income rises to $0.4 million; revenue climbs to $6.8 million
Reuters2026/08/06 21:17Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Bimini Capital Management posted Q2 net income of $0.4 million, or $0.04 a share, up from $0.04 million a year earlier.
- Advisory services revenue climbed 78.6% to $6.8 million, helped by TJIM’s $1.7 million contribution and higher Orchid management fees.
- Interest and dividend income fell 76.4% to $422,082 as Bimini liquidated most of its MBS portfolio in Q1 to fund the TJIM acquisition.
- Operating expenses rose to $4.8 million from $2.8 million, including $0.9 million of acquisition-related costs; book value per share edged up to $1.38.
- CEO Robert E. Cauley said Q2 was favorable for levered MBS investors, while warning inflation and Middle East war risks could push rates higher.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bimini Capital Management Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608061615PRIMZONEFULLFEED9805642) on August 06, 2026, and is solely responsible for the information contained therein.
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