Earnings summaries and quarterly performance for BIMINI CAPITAL MANAGEMENT.
Executive leadership at BIMINI CAPITAL MANAGEMENT.
Board of directors at BIMINI CAPITAL MANAGEMENT.
Research analysts covering BIMINI CAPITAL MANAGEMENT.
Recent press releases and 8-K filings for BMNM.
Bimini Capital Management Announces Agreement to Acquire Tom Johnson Investment Management
BMNM
M&A
New Projects/Investments
- Bimini Capital Management, Inc. (BMNM) announced an agreement for its wholly owned subsidiary, Bimini Advisors Holdings, LLC, to acquire 80% of the fully diluted equity interests of Tom Johnson Investment Management, LLC (TJIM).
- The transaction is expected to close at the end of the first quarter of 2026.
- The purchase price will be 2.5 times 80% of TJIM’s revenue for the fiscal year ended December 31, 2025, paid in cash at closing, with any excess over $12,000,000 to be paid in three equal annual installments.
- TJIM currently has approximately $1.6 billion of assets under management.
- This acquisition is intended to transition Bimini into a pure asset management firm with a more diverse mix of assets under management.
Jan 14, 2026, 2:14 PM
Bimini Capital Management Amends and Extends Stockholder Rights Plan
BMNM
Takeover Bid
Proxy Vote Outcomes
- Bimini Capital Management, Inc. (BMNM) has amended and extended its Stockholder Rights Plan, changing the expiration date to December 21, 2030, and increasing the purchase price from $4.76 to $10.20.
- The primary goal of the amendment is to preserve stockholder value and protect the company's $253.9 million in Net Operating Loss carryforwards (NOLs) as of September 30, 2025, by reducing the likelihood of an "ownership change" under Section 382 of the Internal Revenue Code.
- The company intends to submit the First Amendment for stockholder approval at its 2026 annual meeting, with automatic termination on June 30, 2026, if approval is not obtained.
Dec 10, 2025, 9:12 PM
Bimini Capital Management Announces Q3 2025 Results and Board Changes
BMNM
Earnings
Board Change
- Bimini Capital Management, Inc. reported net income of approximately $1.8 million, or $0.18 per common share, for the third quarter ended September 30, 2025.
- Advisory service revenues for Q3 2025 were approximately $4.5 million, representing a 35% increase over the third quarter of 2024.
- The company's book value per share was $0.92 as of September 30, 2025.
- Frank E. Jaumot resigned as a director on November 5, 2025, and Ashley B. Griffith was appointed as a Class I director on November 6, 2025.
Nov 6, 2025, 9:23 PM
Quarterly earnings call transcripts for BIMINI CAPITAL MANAGEMENT.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more