Overview
Mortgage REIT manager Bimini Capital Q3 net income rises to $1.8 mln, up from $0.3 mln in 2024
EPS for Q3 2025 increased to $0.18 from $0.03 in 2024
Advisory service revenues grew 35% yr/yr in Q3 2025
Outlook
Company expects to benefit from favorable Agency RMBS market conditions
Company notes uncertainty due to government shutdown affecting economic data clarity
Federal Reserve's interest rate cuts seen as supportive for mortgage REIT performance
Result Drivers
FAVORABLE MARKET CONDITIONS - CEO Robert E. Cauley noted that the Q3 environment was favorable for levered Agency RMBS investors, contributing to strong financial results
ADVISORY REVENUE GROWTH - Advisory service revenues increased by 35% yr/yr in Q3 2025, driven by Orchid's increased stockholders equity
LOWER FUNDING COSTS - Repo funding costs decreased by 16% compared to Q3 2024, aiding net interest income growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | $0.18 | ||
Q3 Net Income | $1.80 mln |
Press Release: ID:nGNX6jXgmK
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)