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Bimini Capital Management Announces First Quarter 2024 Results

BIMINI CAPITAL MGMT INC A (BMNM) 
NASDAQ:AMEX Investor Relations: biminireit.com/investor-relations
Company Research Source: Business Wire
VERO BEACH, Fla.--(BUSINESS WIRE)--Bimini Capital Management, Inc. (OTCQB: BMNM), (“Bimini Capital,” “Bimini,” or the “Company”), today announced results of operations for the three-month period ended March 31, 2024.First Quarter 2024 HighlightsNet income of $0.2 million, or $0.02 per common shareBook value per share of $0.83Company to discuss results on Friday, May 3, 2024, at 10:00 AM ETManagement CommentaryCommenting on the first quarter results, Robert E. Cauley, Chairman and Chief Executive Officer, said, “The current economic and interest rate cycle that began with the onset of the COVID-19 pandemic in 2020 was supposed to end in early 2024 as the Fed pivoted and started to reverse their tight monetary policy. The economy and inflation are simply too strong for this to occur, at least not yet. While market participants still expect some easing of monetary policy over the course of 2024, the starting point continues to get pushed out further and further into the future and th Show less Read more
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