Bimini Capital Management Outlines Net Operating Loss Projections Through 2028
Bimini Capital Management (BMNM) reported a challenging third quarter of 2026, citing difficulties with levered RMBS investors during late September and early October. Despite these headwinds, management has outlined a strategic roadmap to utilize Net Operating Losses (NOLs), projecting an NOL runway of $5.5 million by the end of 2028. The company is currently evaluating its capital structure, specifically weighing the potential paydown of trust preferred debt. This move aims to optimize the balance sheet as the firm navigates recent volatility in the residential mortgage-backed securities market.
Tickers: $BMNM
Topics: earnings call quarterly results RMBS