UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported) April 26, 2006
BankAtlantic Bancorp, Inc.
(Exact name of registrant as specified in its charter)
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| Florida
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34-027228
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65-0507804 |
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.) |
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2100 West Cypress Creek Road
Ft. Lauderdale, Florida
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33309 |
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code 954-940-5000
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))
Item 2.02. Results of Operations and Financial Condition
The information in this item (including Exhibit 99.1) is being furnished pursuant to Item 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 26, 2006, BankAtlantic Bancorp, Inc. (the Company”) issued a
press release announcing its financial results for the quarter ended March 31, 2006. The press
release, and accompanying financial tables are attached hereto as Exhibit 99.1 and are incorporated
herein by reference. 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 “operating” measures, in their analysis of the Company’s
performance. These “operating” measures adjust GAAP net income to exclude the reserve for fines
and penalties related to a compliance matter, impairment charge related to the Company’s former
headquarters, and costs and gains associated with debt redemptions. The “operating” measures also
adjust BankAtlantic’s GAAP net interest margin to exclude interest income and interest expense
associated with loan participations sold that are accounted for as secured borrowings. The Company
believes that these non-GAAP operating 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
(c) Press Release dated April 26, 2006
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