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 April 22, 2009, BankAtlantic Bancorp, Inc. (the
"Company") issued a press release announcing its financial results for the three
months ended March 31, 2009. 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 and
related financial data which exclude certain of the above items 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 April 22, 2009
Table of Contents
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: April 22, 2009
BANKATLANTIC BANCORP, INC.
By: Valerie C. Toalson
Valerie C. Toalson
Executive Vice President
- Chief Financial Officer
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