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) January 31,
2007
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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 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 January 31, 2007, BankAtlantic Bancorp, Inc. (the Company”) issued a
press release announcing its financial results for the quarter and year ended December 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 a reserve for
fines and penalties related to a compliance matter, an 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 were for a period of time accounted for as secured
borrowings. The Company also uses certain internal allocation “operating” measures to determine
net contribution and non-interest expense allocable to new bank branches (which we refer to as
stores). 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 January 31, 2007
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