BBX Capital Corporation Reports Financial Results for the Fourth Quarter and Full Year, 2013
March 17 2014 - 4:15PM
Marketwired
BBX Capital Corporation Reports Financial Results for the Fourth
Quarter and Full Year, 2013
FORT LAUDERDALE,
FL--(Marketwired - March 17, 2014) - BBX
Capital Corporation ("BBX Capital," "BBX," and/or the "Company")
(NYSE: BBX), formerly BankAtlantic
Bancorp, Inc., reported financial results for the fourth quarter
and full year ending December 31, 2013.
Full Year 2013
BBX reported net income of $47.8 million, or $2.94 per diluted
share, for the year ended December 31, 2013, versus net income of
$235.8 million, or $15.00 per diluted share, for the year ended
December 31, 2012. Results for 2012 include a $264.2 million
gain from discontinued operations related to the sale of
BankAtlantic.
Fourth Quarter
2013 BBX reported net income of $49.1 million, or $2.94 per
diluted share, for the quarter ended December 31, 2013, versus a
net loss of ($14.8) million, or ($0.94) per diluted share, for the
quarter ended December 31, 2012.
As of December 31, 2013, BBX Capital had consolidated total
assets of $431.1 million, and shareholders' equity of $302.4
million.
BBX Capital's book value per share was $19.00 at December 31,
2013, versus $15.24 at December 31, 2012.
More complete and detailed information
relating to BBX Capital and its financial results is available in
the Company's Annual Report on Form 10-K for the year ended
December 31, 2013, and is available to view on the SEC's website,
www.sec.gov, or on BBX Capital's website, www.BBXCapital.com.
About BBX Capital
Corporation: BBX Capital, a New York Stock Exchange
listed company (NYSE: BBX), is
involved in the acquisition, ownership and management of, and joint
ventures and investments in real estate and real estate development
projects as well as investments and management of middle market
operating businesses. In addition, BBX Capital and its holding
company, BFC Financial Corporation, have a 46% and 54% respective
interest in Bluegreen Corporation; a vacation ownership company
with more than 60 owned or managed resorts, 225,000 owners and
5,000 employees. For more information, visit
www.BBXCapital.com
For further information,
please visit our family of companies: BBX Capital:
www.BBXCapital.com BFC Financial Corp.: www.BFCFinancial.com
Bluegreen Corp.: www.Bluegreen.com Renin Corp.: www.ReninCorp.com
Hoffman's Chocolates: www.Hoffmans.com, www.BocaBons.com,
and www.GoodFortunes.com Williams & Bennett:
www.WilliamsandBennett.com
About BFC Financial
Corporation : BFC Financial (OTCQB:
BFCF) is a holding company whose principal holdings include
controlling interests in BBX Capital Corporation (NYSE: BBX) and Bluegreen Corporation. As
of December 31, 2013, BFC had total consolidated assets of
approximately $1.4 billion. For more information, visit
www.BFCFinancial.com.
BBX Capital Contact
Info: Investor Relations: Leo Hinkley, Managing Director,
Investor Relations Officer, 954- 940-5300 Email:
InvestorRelations@BBXCapital.comMedia contact: Caren Berg,
Boardroom Communications, (954) 370-8999 Email:
cberg@boardroompr.com
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