Bimini Capital Q4 net income rises to $3.4 mln, says war in Iran and inflation impacts forecast

Overview

• US mortgage securities investor reported Q4 net income of $3.4 mln and EPS of $0.34

• Advisory service revenue rose to $4.7 mln, driven by higher Orchid Island equity

• Company approved $2.5 mln share repurchase plan over next 24 months

Outlook

• Company expects TJIM acquisition to close at the beginning of Q2 2026

• Bimini says economic outlook has become very uncertain due to conflict in Iran and potential higher inflation

• Company plans to operate a smaller Agency RMBS portfolio with lower leverage after TJIM acquisition

Result Drivers

• FAVORABLE FIXED INCOME MARKETS - Co said calm fixed income markets and declining interest rate volatility supported Agency RMBS and other fixed income sectors in Q4

• HIGHER ADVISORY REVENUE - Advisory service revenue rose to $4.7 mln, mainly due to increased equity at Orchid Island Capital, which Bimini manages

• INVESTMENT GAINS - Co recorded mark-to-market and unrealized gains on MBS portfolio and investment in Orchid during Q4

Company press release: ID:nGNX6Kdhmh

Key Details

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