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Bimini Capital Management — Third Quarter 2026 Earnings Summary

Bimini Capital Management reported net income of $1.0 million, or $0.10 per share, for the third quarter of 2026, a decrease from $1.8 million in the same period of 2025. The company's advisory services revenue rose to $6.6 million for the quarter, driven by the acquisition of Tom Johnson Investment Management and growth in Orchid Island Capital's assets under management. Book value per share increased to $1.47 at September 30, 2026, reflecting a strategic pivot that reduced the company's reliance on its leveraged RMBS portfolio while maintaining a diversified asset management approach.