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BBX > SEC Filings for BBX > Form 8-K on 14-Jul-2008All Recent SEC Filings

Show all filings for BANKATLANTIC BANCORP INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for BANKATLANTIC BANCORP INC


14-Jul-2008

Regulation FD Disclosure


Item 7.01. Regulation FD Disclosure
It has come to our attention that certain analysts recently misstated BankAtlantic's regulatory capital position and non-performing asset ratios. As of June 30, 2008, there were no material changes in BankAtlantic's regulatory capital ratios since those previously reported as of March 31, 2008. At March 31, 2008, BankAtlantic met all regulatory "well capitalized" capital requirements with the following capital amounts and ratios:

                                                                     Minimum Ratios
                                          Actual              Adequately          Well
                                                             Capitalized       Capitalized
  (Dollar amounts in thousands)     Amount        Ratio         Ratio             Ratio
  At March 31, 2008:
  Total risk-based capital         $ 492,705       11.83 %           8.00 %           10.00 %
  Tier 1 risk-based capital          418,233       10.04             4.00              6.00
  Tangible capital                   418,233        6.87             1.50              1.50
  Core capital                       418,233        6.87             4.00              5.00

Further, as of March 31, 2008, BankAtlantic's ratio of non-performing assets to tangible equity plus loan loss reserves was 14.2% and BankAtlantic's ratio of non-performing assets to total equity plus loan loss reserves was 12.5%. On July 14, 2008, BankAtlantic's Chairman, Alan B. Levan, provided a letter to BankAtlantic's customers attached herein as exhibit 99.1.
Except for historical information contained herein, the matters discussed herein including the exhibit attached hereto contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act" ), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve substantial risks and uncertainties. When used herein and in any documents incorporated by reference herein, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify certain of such forward-looking statements. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of BankAtlantic and BankAtlantic Bancorp, Inc. ("the Company") and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond their control. These include, but are not limited to, risks and uncertainties associated with the condition of the economy and the timing of any economic recovery, and competitive and other factors affecting the Company and its operations. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed in reports filed by the Company with the Securities and Exchange Commission. The Company cautions that the foregoing factors are not exclusive. Item 9.01 Financial Statements and Exhibits
(d) Message to BankAtlantic's Customers from BankAtlantic's Chairman, Alan B. Levan
Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 14, 2008

BANKATLANTIC BANCORP, INC.

By: /s/ Valerie C. Toalson Valerie C. Toalson
Chief Financial Officer

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