Item 2.02. Results of Operations and Financial Condition
The information in this item (including Exhibit 99.1) is being furnished
pursuant to Items 2.02 and 9.01 and shall not be deemed to be "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange
Act") or otherwise subject to the liabilities of that section, nor shall it be
deemed to be incorporated by reference in any filing under the Securities Act of
1933 or the Exchange Act. On February 10, 2009, BankAtlantic Bancorp, Inc. (the
"Company") issued a press release announcing its financial results for the three
and twelve months ended December 31, 2008. In addition to financial results
determined in accordance with generally accepted accounting principles ("GAAP"),
the press release also contains financial information determined by methods
other than in accordance with GAAP. The Company's management uses these non-GAAP
measures, which it defines as "core operating earnings" in their analysis of the
Company's performance. These "core operating earnings" measures adjust GAAP
pre-tax income to exclude the impact of goodwill impairment, provision for loan
and tax certificate losses, impairments, restructuring charges, and exit
activities. The Company believes that these non-GAAP "core operating earnings"
measures supplement our GAAP financial information and provide useful measures
of evaluating the Company's operating results and any related trends that may be
affecting the Company's business. These disclosures should not be viewed as a
substitute for operating results determined in accordance with GAAP, nor are
they necessarily comparable to non-GAAP performance measures that may be
presented by other companies.
Item 9.01 Financial Statements and Exhibits
99.1 Press Release dated February 10, 2009
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: February 10, 2009
BANKATLANTIC BANCORP, INC.
By: Valerie C. Toalson
Valerie C. Toalson
Executive Vice President
- Chief Financial Officer
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