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Bimini Capital Management Announces Third Quarter 2024 Results

BIMINI CAPITAL MGMT INC A (BMNM) 
NASDAQ:AMEX Investor Relations: biminireit.com/investor-relations
Company Research Source: GlobeNewswire
VERO BEACH, Fla., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Bimini Capital Management, Inc. (OTCQB: BMNM), (“Bimini Capital,” “Bimini,” or the “Company”), today announced results of operations for the three-month period ended September 30, 2024. Third Quarter 2024 Highlights Net income of $0.3 million, or $0.03 per common shareBook value per share of $0.83Company to discuss results on Friday, November 1, 2024, at 10:00 AM ET Management Commentary Commenting on the third quarter results, Robert E. Cauley, Chairman and Chief Executive Officer, said, “The long-awaited impacts of tight monetary policy orchestrated by the Federal Reserve appear to have finally had the desired impacts on inflation and the imbalances in the labor market. Inflation is closing in on the Fed’s 2% target and hiring and wage growth are slowing while the unemployment rate has steadily risen. In contrast, growth in the economy and consumer spending have remained robust throughout. In late September the Fed reduced th Show less Read more
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