The following is a summary of the Bimini Capital Management, Inc. (BMNM) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Bimini Capital reported Q4 net income of $5.6 million, and shareholders' equity increased from $656 million to $668.5 million.

• Advisory service revenue slightly increased to $3.4 million from $3.3 million in Q3.

• Royal Palm's investment portfolio generated net interest income of $0.3 million, with dividends on Orchid stock amounting to $0.2 million.

• The MBS portfolio increased by $4 million in Q4 and $29.5 million for the full year, ultimately resulting in a net loss for Q4 of 2024 of $1.5 million due to a tax provision of $2.1 million.

Business Progress:

• Continued growth in the MBS portfolio and increased net interest income due to reductions in short-term rates by the Federal Reserve.

• Positive cash flows from operations allowing for growth in the MBS portfolio throughout the year.

Opportunities:

• Prospects for further increases in advisory service revenue following another increase in Orchid's shareholders' equity.

Risks:

• The economic outlook and market conditions seem uncertain and fluctuating, impacting interest rates and the MBS market.

More details: BIMINI CAPITAL MANAGEMENT INC IR

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