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Bimini Capital Management Announces Second 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 June 30, 2024.Second Quarter 2024 HighlightsNet loss of $0.3 million, or $0.03 per common shareBook value per share of $0.81Company to discuss results on Friday, August 2, 2024, at 10:00 AM ETManagement CommentaryCommenting on the second quarter results, Robert E. Cauley, Chairman and Chief Executive Officer, said, “The long-awaited pivot on the part of the Federal Reserve may finally be at hand. Persistently strong growth of the U.S. economy and above trend inflation appear to have moderated sufficiently that the Fed now sees the risks to the economy as balanced – implying there is equal risk of more growth or a slow-down. Because the Fed sees its current monetary policy as restrictive, the Fed may begin to reverse some of the tightening that occurred in 2022 and 2023 and ease monet Show less Read more
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