BMNM: revenue rose on TJIM fee income, but net profit fell in Q3
Bimini Capital reported higher third-quarter revenue, while shareholder net income and EPS declined on market losses, costs and a tax reserve.
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what happened
According to TradingView, revenue at Bimini Capital Management (BMNM) rose in the third quarter. However, net income attributable to shareholders and earnings per share went down. The main drivers were market losses, higher expenses and the creation of a valuation allowance against a deferred tax asset.
The company ties its revenue diversification to the TJIM acquisition, which added fee-based advisory income. This came as sharp rate increases weighed on Agency mortgage-backed securities (MBS).
why it matters
For investors, the key point is the shift in business mix: steadier fee income is growing as a share of the total, reducing reliance on mark-to-market moves in mortgage securities. For the Agency MBS market, sharp rate increases remain the main risk factor.
market impact
BMNM: market losses and a tax reserve weigh on profit, while TJIM fee income partly offsets this
tags
instruments
sources
- BMNM: TJIM diversified fee revenue as rising rates pressured MBS and Q3 earnings — TradingView, 6 November 2026 at 18:57 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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