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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
BBX Capital, Inc. | ||
By:
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/s/ Brett Sheppard | |
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Brett Sheppard | |
Chief Financial Officer |
Exhibit 99.1
BBX Capital, Inc. Reports Financial Results
FORT LAUDERDALE, Florida – May 10, 2024 -- BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the first quarter of 2024.
Selected highlights of BBX Capital’s consolidated financial results include:
First Quarter 2024 Compared to First Quarter 2023
● |
Total consolidated revenues of $81.0 million vs. $95.0 million |
● |
Loss before income taxes of $(15.4) million vs. income before taxes of $9.2 million |
● |
Net loss attributable to shareholders of $(13.0) million vs. net income attributable to shareholders of $7.9 million |
● |
Diluted loss per share of ($0.94) vs. diluted earnings per share of $0.55 |
Balance Sheet as of March 31, 2024
● |
Cash and cash equivalents of $108.2 million (including $3.1 million held in variable interest entities) |
● | Securities available for sale of $30.6 million |
● |
Total consolidated assets of $657.9 million |
● |
Total shareholders' equity of $299.3 million |
● |
Fully diluted book value per share of $20.20 (1) |
(1) |
Fully diluted book value per share is shareholders’ equity divided by the number of BBX Capital’s Class A and Class B common shares and unvested restricted stock awards outstanding on March 31, 2024. |
Additional Information
For more complete and detailed information regarding BBX Capital and its financial results, business, operations, investments, and risks, please see BBX Capital’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, which will be available on the SEC's website, https://www.sec.gov, and on BBX Capital’s website, www.BBXCapital.com on May 10, 2024.
About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin. For additional information, please visit www.BBXCapital.com.
BBX Capital, Inc. Contact Info:
Investor Relations Contact:
Leslie Martinez, Investor Relations
P: 954-940-5300
Email: investorrelations@BBXCapital.com
Media Relations Contact:
Kip Hunter, Kip Hunter Marketing
P: 954-303-5551
Email: kip@kiphuntermarketing.com
Document And Entity Information |
May 10, 2024 |
---|---|
Document Information [Line Items] | |
Entity, Registrant Name | BBX CAPITAL, INC. |
Document, Type | 8-K |
Document, Period End Date | May 10, 2024 |
Entity, Incorporation, State or Country Code | FL |
Entity, File Number | 000-56177 |
Entity, Tax Identification Number | 82-4669146 |
Entity, Address, Address Line One | 201 East Las Olas Boulevard |
Entity, Address, Address Line Two | Suite 1900 |
Entity, Address, City or Town | Fort Lauderdale |
Entity, Address, State or Province | FL |
Entity, Address, Postal Zip Code | 33301 |
City Area Code | 954 |
Local Phone Number | 940-4900 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Entity, Emerging Growth Company | true |
Entity, Ex Transition Period | true |
Amendment Flag | false |
Entity, Central Index Key | 0001814974 |