Exhibit 99.1

BankAtlantic Bancorp Reports Financial Results for First Quarter 2006

Confirms Resolution of Compliance Matter

     FORT LAUDERDALE, Florida — April 26, 2006 — BankAtlantic Bancorp, Inc. (NYSE: BBX) (“Company”) today announced financial results for the quarter ended March 31, 2006. Net income was $6.7 million, or $0.11 per diluted share, compared to $19.9 million, or $0.31 per diluted share, reported in the first quarter 2005.

     Alan B. Levan, Chairman and Chief Executive Officer of BankAtlantic Bancorp commented, “The quarter’s financial results reflect our earlier decision to forego near-term results due to the previously announced costs of our expanded marketing program, our new store expansion program, and the added costs of our expanded hours ‘convenience model.’ We earlier announced our decision to increase our marketing expenditures by approximately $5 million each quarter and to move forward with a new store program with a goal of building sustainable high levels of low cost deposits (demand, savings, and NOW accounts). We knew that these incremental costs would cause earnings for several quarters to be below those of prior periods and our long term objectives, but we expect these moves, in turn, to translate into superior long term profitability. Based on the first quarter’s results, we believe our strategy is working. BankAtlantic’s growth in new low-cost deposits continued to be among the highest rates in the industry, even in the face of general national declines in these deposits. Additionally, earning asset levels remained steady, consistent with our current posture in response to interest rates. We are extremely pleased that asset quality remained very high and that our bank’s other growth initiatives are moving forward as anticipated.

     “BankAtlantic Bancorp and Ryan Beck & Co. recently announced that we are pursuing a financial transaction relating to our investment in Ryan Beck with a view toward monetizing a portion of BankAtlantic Bancorp’s investment in that company. BankAtlantic Bancorp expects to retain a substantial interest in Ryan Beck subsequent to any financial transaction.

     “For several quarters, we have disclosed regulatory issues relating to deficiencies in our compliance with the Bank Secrecy Act and anti-money laundering laws and regulations, and in

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the fourth quarter, 2005, made a $10 million provision for anticipated fines and penalties. Earlier today, we announced that we had entered into a deferred prosecution agreement with the Department of Justice relating to this matter and had agreed to the payment of a $10 million fine. At the same time we entered into a cease and desist order with the Office of Thrift Supervision and a consent with FinCEN. BankAtlantic has been advised that the orders and consents with the OTS and FinCEN will have no effect on BankAtlantic’s ongoing operations and growth, including branching and acquisitions, provided that BankAtlantic remains in full compliance with the terms of the orders and consents. Since these issues were identified in 2004, we have worked tirelessly to ensure we are in full compliance with all applicable laws and regulations, and have made significant investments in personnel and compliance systems. We are happy to put these issues behind us.

Commentary on Business Segment Operations:

BankAtlantic:

     “BankAtlantic’s landmark ‘Florida’s Most Convenient Bank’ initiative continues to produce impressive growth in new customers. In the quarter, we opened a record 77,000 new low cost deposit accounts, an increase of 37% over the corresponding 2005 quarter. The ‘net new’ low cost deposit balances (net balance growth in both new and ‘legacy’ accounts) increased 79% to a record $205 million vs. $115 million in the comparable 2005 period. This is particularly significant since we achieved the highest level of low cost deposit growth in 2005 during that quarter. At quarter-end, ‘total bank’ and ‘same store’ low cost deposit balances increased 18.7% and 16.6%, respectively, from the first quarter 2005, to a record $2.3 billion in total low cost deposits. The quarter’s growth brought demand deposits to a record 29% of total deposits, and aggregate low cost deposit balances to a record 58% of total deposits. Additionally, we are pleased with the early successes of our new store program. In the past 15 months, we have opened six new stores, and are very pleased with the initial success of each in meeting its goals for growth in low cost deposits, fee income, and overall financial contribution.

     “Earnings for BankAtlantic for the quarter were $10.4 million, down from $20.9 million in the first quarter of 2005. Net interest income of $55.1 million was $0.8 million greater than the first quarter of 2005, in spite of declines in earning assets, reflecting our strategy of utilizing the growth of lower cost deposits to reduce borrowings instead of investing in earning assets.

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The ratio of borrowings to deposits and borrowings at quarter end had improved to 26%, down from 35% in the first quarter of 2005. Our longer term expectation is for this ratio to trend toward a range of 10-15%.

     “Non-interest income of $27.0 million was 15% greater than the first quarter of 2005. Excluding income/(loss) from real estate operations discussed below, non-interest income was 32% greater than the first quarter of 2005, driven by growth in service charges directly related to deposit growth. Non-interest expense of $67.4 million was $17.1 million, or 34%, greater than the corresponding quarter of 2005. The growth in expenses from the prior year was largely the result of an $8.0 million (30%) increase in personnel costs and a $3.3 million (36%) increase in occupancy and equipment expense, again reflecting our continued growth and store expansion strategy. Advertising expense increased $3.1 million from the prior year, due to our aggressive program to attract low cost deposits.

     “The tax equivalent net interest margin increased to 4.11%, adjusted for the effect of loan sales (which are recorded as secured borrowings under generally accepted accounting principles), from 4.05% in the last quarter of 2005 and 3.88% in the corresponding quarter of 2005. The continued margin improvement is particularly significant in light of the flatness of the current yield curve. While further margin improvement will depend largely on the future pattern of interest rates, we believe our high level of low cost deposits and the expected continued growth in those deposits, coupled with the general positioning of our balance sheet for rising interest rates should result in a gradual further improvement in BankAtlantic’s margin.

     “Credit quality remained strong, with the ratio of non-performing loans to total loans at 0.14% at March 31, 2006. During the quarter, BankAtlantic recorded net recoveries of $534,000, continuing the pattern of the past several quarters. Provision expense was $163,000 compared to a negative provision of $109,000 in the quarter ended December 31, 2005 and a negative provision of $3.9 million in the corresponding quarter of 2005. The ratio of the allowance for loan losses to non-performing loans remained solid, closing the quarter at 687% compared to 606% at December 31, 2005, and 662% at March 31, 2005.

     “Loans and total earning assets declined slightly as continued run-off of our high rise condominium loan portfolio acted to offset growth in other areas, and as we followed our strategy of limited investment in residential loans due to the current flat yield curve. Average total loans were $4.6 billion vs. $4.8 billion in the comparable 2005 period. Average consumer

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loans increased 10.7% to $540 million and average small business loans increased 23.2% to $241 million, vs. the comparable 2005 period.

          “During the current quarter, we experienced a loss of $1.1 million from operations of a real estate joint venture acquired in 2002 as part of the acquisition of another bank. The loss resulted from higher development and capitalized interest costs associated with units sold during the period. The higher development costs primarily resulted from an increase in the cost of building materials and a combination of higher labor costs and labor shortages resulting from the active real estate market, exacerbated by damage throughout the area from hurricanes over the past two years. It is possible that we may experience additional losses at this development, depending on the rate of future sales and development costs.

Ryan Beck & Co.:

     “For the first quarter 2006, Ryan Beck & Co. recorded a first quarter loss of $1.6 million compared to a profit of $2.5 million in the first quarter of 2005. The loss was due to weak revenue growth, as well as the compensation costs and other direct expenses associated with the recent expansion of several of its units, principally the capital markets division, in late 2005. Client assets grew to nearly $19 billion, an increase of nearly 10.5% at March 31, 2006 from March 31, 2005. In addition, investment advisory assets grew 7.2% to nearly $1.4 billion over the past year.

     “Gross revenue was $58.8 million vs. $57.6 million for the corresponding quarter of 2005, a 2% increase. Expense growth of 17% was primarily attributable to compensation expense associated with expansion in the capital markets and investment banking groups. In all cases, revenues associated with new hires lagged the increased compensation expense. Compensation and benefits, principally related to this growth, were up $5.9 million, and accounted for two thirds of the 17% increase in operating expenses. In addition, information processing costs and business development costs increased 23% and 46% respectively in the quarter-over-quarter comparison. These increases are also primarily driven by the increased headcount.

BankAtlantic Bancorp:

          “During the quarter, BankAtlantic Bancorp sold a portion of its portfolio of equity securities for a $2.5 million gain. These sales were made to partially fund the interest expense

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on our junior subordinated debentures, and we presently anticipate continuing this strategy in subsequent periods,” Levan concluded.

Financial Highlights:

First Quarter, 2006 Compared to First Quarter, 2005

BankAtlantic Bancorp — consolidated:

• Net income of $6.7 million vs. $19.9 million, a decrease of 66%.

• Earnings per share of $0.11 vs. $0.31, a decrease of 65%.

• Return on average tangible equity was 6.06%.

• Book value per share was $8.49.

BankAtlantic:

• Business segment income was $10.4 million vs. $20.9 million, a decrease of 50%.

• Return on average tangible assets was 0.70%.

• Return on average tangible equity was 8.61%.

• Tax equivalent net interest margin increased to 4.02% vs. 3.76% (4.11% vs. 3.88% excluding $2.4 million of interest income/expense and $2.2 million of interest income/expense, respectively, relating to loan participations recorded as secured borrowings).

• Non-interest income was $27.0 million vs. $23.5 million, an increase of 15%.

• Non-interest expense grew to $67.4 million vs. $50.3 million, an increase of 34%.

Ryan Beck & Co.:

• Business segment loss was $1.6 million vs. a profit in the prior quarter of $2.5 million.

• Loss on average tangible equity was (6.31%).

• Total operating revenues were $58.8 million vs. $57.6 million.

• Principal transactions were $24.7 million vs. $19.8 million.

• Investment banking revenue was $3.7 million vs. $11.9 million.

• Commission income was $22.9 million vs. $20.3 million.

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BankAtlantic Bancorp will host an investor and media teleconference call and webcast on Thursday, April 27, 2006, at 11:00 a.m. (Eastern Time).

Teleconference Call Information:

     To access the teleconference call in the U.S. and Canada, the toll free number is 1-800- 968-8156. International calls may be placed to 706-634-5752. Domestic and international callers may reference PIN number 7633833.

     A replay of the conference call will be available beginning two hours after the call’s completion through 5:00 p.m. Eastern Time, Friday, May 26, 2006. To access the replay option in the U.S. and Canada, the toll free number to call is 1-800-642-1687. International calls for the replay may be placed at 706-645-9291. The replay digital PIN number for both domestic and international calls is 7633833.

Webcast Information:

     Alternatively, individuals may listen to the live and/or archived webcast of the teleconference call. To listen to the webcast, visit www.BankAtlanticBancorp.com, access the “Investor Relations” section and click on the “Webcast” navigation link. The archive of the teleconference call will be available through 5:00 p.m. Eastern Time, Friday, May 26, 2006.

     BankAtlantic Bancorp’s first quarter, 2006 earnings results press release and financial summary, as well as the Supplemental Financials (a detailed summary of significant financial events and extensive business segment financial data), will be available on its website at: www.BankAtlanticBancorp.com.

• To view the press release and financial summary, access the “Investor Relations” section and click on the “Quarterly Financials” navigation link.

• To view the Supplemental Financials, access the “Investor Relations” section and click on the “Supplemental Financials” navigation link.

     Copies of BankAtlantic Bancorp’s first quarter, 2006 earnings results press release and financial summary, and the Supplemental Financials will also be made available upon request via fax, email, or postal service mail. To request a copy, contact BankAtlantic Bancorp’s Investor Relations department using the contact information listed below.

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About BankAtlantic Bancorp:

BankAtlantic Bancorp (NYSE: BBX) is a diversified financial services holding company and the parent company of BankAtlantic and Ryan Beck & Co. Through these subsidiaries, BankAtlantic Bancorp provides a full line of products and services encompassing consumer and commercial banking, brokerage and investment banking.

About BankAtlantic:

BankAtlantic, “Florida’s Most Convenient Bank”, is one of the largest financial institutions headquartered in Florida and provides a comprehensive offering of banking services and products via its broad network of community stores and its online banking division - BankAtlantic.com. BankAtlantic has 79 stores and operates more than 200 conveniently located ATMs. BankAtlantic is open 7 days a week and offers holiday hours, extended weekday hours, including several stores open until midnight, Totally Free Online Banking & Bill Pay, 24/7 Customer Service Center, Totally Free Change Exchange coin counters and free retail and business checking with a free gift.

About Ryan Beck & Co.:

Founded in 1946, Ryan Beck & Co., Inc. provides financial advice and innovative solutions to individuals, institutions and corporate clients through the activities of approximately 1,100 employees in 43 offices located in 14 states. For individual investors, the firm’s Private Client Group provides a full range of financial services, including investment consulting, retirement plans, insurance and investment advisory services. Institutional clients benefit from the market making, underwriting and distribution activities of the firm’s experienced Capital Markets Group, which encompasses equity and fixed income trading and institutional sales as well as research. Through its Investment Banking Group, Ryan Beck raises capital and provides financial advisory services to financial institutions, middle market companies and municipalities.

For further information, please visit our websites:
www.BankAtlanticBancorp.com
www.BankAtlantic.com
www.RyanBeck.com

* To receive future BankAtlantic Bancorp news releases or announcements directly via Email, please click on the Email Broadcast Sign Up button on our website:
www.BankAtlanticBancorp.com.

BankAtlantic Bancorp Contact Info:

Leo Hinkley,
Senior Vice President, Investor Relations
Email: InvestorRelations@BankAtlanticBancorp.com

Donna Rouzeau,
Assistant Vice President, Investor Relations & Corporate Communications
Email: CorpComm@BankAtlanticBancorp.com
Phone: (954) 940-5300, Fax: (954) 940-5320
Mailing Address: BankAtlantic Bancorp, Investor Relations
2100 West Cypress Creek Road, Fort Lauderdale, FL 33309

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BankAtlantic, “Florida’s Most Convenient Bank,” Contact Info:

Public Relations:
Hattie Hess, Vice President, Public Relations
Telephone: (954) 940-6383, Fax: (954) 940-6310
Email: hhess@BankAtlantic.com
Public Relations for BankAtlantic:
Boardroom Communications
Caren Berg
Phone: (954) 370-8999, Fax: (954) 370-8892
Email: caren@boardroompr.com

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Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that involve substantial risks and uncertainties. When used in this press release and in any documents incorporated by reference herein, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify certain of such forward-looking statements. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of BankAtlantic Bancorp, Inc. (“the Company”) and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products and services; credit risks and loan losses, and the related sufficiency of the allowance for loan losses, including the impact on the credit quality of our loans of changes in the commercial real estate market in our trade area; changes in interest rates and the effects of, and changes in, trade, monetary and fiscal policies and laws including their impact on the BankAtlantic’s net interest margin; adverse conditions in the stock market, the public debt market and other capital markets and the impact of such conditions on our activities and the value of our assets; BankAtlantic’s seven-day banking initiatives and other growth, marketing or advertising initiatives not resulting in continued growth of low cost deposits or producing results which justify their costs; the impact of periodic testing of goodwill and other intangible assets for impairment; and future compliance deficiencies occurring despite the regulatory compliance systems and procedures put in place. The results or performance derived or implied, directly or indirectly from the estimates and assumptions, are based on our beliefs and may not be accurate. Past performance, actual or estimated new account openings and growth rate may not be indicative of future results. Further, this press release contains forward-looking statements with respect to Ryan Beck & Co., which are subject to a number of risks and uncertainties including but not limited to the risks and uncertainties associated with its operations, products and services, changes in economic or regulatory policies, its ability to recruit and retain financial consultants, the volatility of the stock market and fixed income markets, as well as its revenue mix, the success of new lines of business and growth; and additional risks and uncertainties that are subject to change and may be outside of Ryan Beck’s control. Moreover, this press release also contains forward-looking statements with respect to the pursuit of a financial transaction regarding the Company’s investment in Ryan Beck, which are subject to a number of risks and uncertainties including but not limited to the fact that a financial transaction may not be consummated or may be consummated on terms different than those currently contemplated. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed in reports filed by the Company with the Securities and Exchange Commission. The Company cautions that the foregoing factors are not exclusive.

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BankAtlantic Bancorp, Inc. and Subsidiaries
Summary of Selected Financial Data (unaudited)

		For The Three Months Ended
		3/31/2006		12/31/2005			9/30/2005			6/30/2005			3/31/2005
Earnings (in thousands):
Net income (loss) (GAAP basis)		$	6,712		(1,493	)		16,260			24,537			19,878
Operating net income **	(note 1)	$	6,704		8,507			16,260			26,946			19,878
Average Common Shares Outstanding (in thousands):
Basic			61,005		60,618			60,555			60,453			60,072
Diluted			62,761		62,898			63,193			63,161			63,207
Key Performance Ratios (GAAP basis):
Basic earnings (loss) per share		$	0.11		(0.03	)		0.27			0.41			0.33
Diluted earnings (loss) per share *		$	0.11		(0.03	)		0.26			0.38			0.31
Return on average tangible assets	(note 2)	%	0.43		(0.09	)		0.98			1.48			1.24
Return on average tangible equity	(note 2)	%	6.06		(1.32	)		15.05			23.98			20.20
Key Performance Ratios (Operating basis):
Basic earnings per share		$	0.11		0.14			0.27			0.45			0.33
Diluted earnings per share *		$	0.11		0.13			0.26			0.42			0.31
Return on average tangible assets	(note 2)	%	0.43		0.53			0.98			1.62			1.24
Return on average tangible equity	(note 2)	%	6.05		7.52			15.05			26.33			20.20
* Diluted earnings per share calculation deducts (in thousands):
subsidiaries stock options, if dilutive		$	—		(28	)		(21	)		(665	)		(120	)
Average Balance Sheet Data (in millions):
Assets		$	6,388		6,463			6,692			6,729			6,525
Tangible assets	(note 2)	$	6,304		6,378			6,607			6,643			6,438
Loans excluding certain loan participations sold	(note 3)	$	4,488		4,550			4,726			4,802			4,668
Loan participations sold	(note 3)	$	125		134			148			165			170
Investments		$	1,259		1,263			1,322			1,306			1,242
Deposits and escrows		$	3,831		3,704			3,655			3,658			3,557
Stockholders’ equity		$	522		533			516			490			480
Tangible stockholders’ equity	(note 2)	$	443		453			432			409			394

Notes:
(1)	Operating net income is defined as GAAP net income adjusted for gains and costs associated with debt redemptions, an impairment charge relating to BankAtlantic’s headquarter facility and a reserve for a compliance matter.
(2)	Average tangible assets is defined as average total assets less average goodwill and core deposit intangibles. Average tangible equity is defined as average total stockholders’ equity less average goodwill, core deposit intangibles and other comprehensive income.
(3)	Loan participations sold accounted for as secured borrowings.
**	Operating net income is not prepared in accordance with GAAP and this non-GAAP financial measure should not be construed as being superior to GAAP.

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BankAtlantic Bancorp, Inc. and Subsidiaries
Consolidated Statements of Financial Condition (unaudited)

(in thousands, except share data)	3/31/2006			12/31/2005			3/31/2005
ASSETS
Cash and due from banks	$	161,005			167,032			119,915
Short term investments		18,463			3,229			16,832
Securities available for sale (at fair value)		670,683			674,544			762,573
Securities owned (at fair value)		169,570			180,292			142,294
Investment securities and tax certificates (approximate fair value: $340,114, $364,122 and $298,950)		342,251			364,444			302,498
Loans receivable, net of allowance for loan losses of $41,889, $41,192 and $43,042		4,524,743			4,624,772			4,801,412
Federal Home Loan Bank stock, at cost which approximates fair value		60,800			69,931			80,600
Accrued interest receivable		42,251			41,490			38,864
Real estate held for development and sale		22,347			21,177			24,799
Investments and advances to unconsolidated subsidiaries		11,996			12,464			7,910
Office properties and equipment, net		170,686			154,120			132,438
Deferred tax asset, net		31,376			29,615			22,971
Goodwill		76,674			76,674			76,674
Core deposit intangible asset		7,995			8,395			9,597
Due from clearing agent		2,672			—			1,120
Other assets		44,090			43,232			42,034
Total assets	$	6,357,602			6,471,411			6,582,531
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits
Demand	$	1,152,361			1,019,949			960,063
NOW		790,225			755,708			676,945
Savings		351,839			313,889			296,485
Money market		806,871			846,441			913,434
Certificates of deposit		859,470			816,689			796,928
Total deposits		3,960,766			3,752,676			3,643,855
Advances from FHLB		1,085,914			1,283,532			1,524,881
Securities sold under agreements to repurchase		94,434			116,026			217,463
Federal funds purchased		81,197			139,475			75,000
Secured borrowings		111,754			138,270			164,180
Subordinated debentures, notes and bonds payable		41,832			39,092			35,878
Junior subordinated debentures		263,266			263,266			263,266
Securities sold but not yet purchased		41,828			35,177			60,276
Due to clearing agent		32,206			24,486			—
Other liabilities		122,635			163,075			116,751
Total liabilities		5,835,832			5,955,075			6,101,550
Stockholders’ equity:
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued and outstanding		—			—			—
Class A common stock, $.01 par value, authorized 80,000,000 shares; issued and outstanding 56,547,885, 55,884,089 and 55,665,968 shares		565			559			556
Class B common stock, $.01 par value, authorized 45,000,000 shares; issued and outstanding 4,876,124, 4,876,124 and 4,876,124 shares		49			49			49
Additional paid-in capital		263,476			261,720			260,207
Unearned compensation — restricted stock grants		(851	)		(936	)		(957	)
Retained earnings		265,657			261,279			228,714
Total stockholders’ equity before accumulated other comprehensive income		528,896			522,671			488,569
Accumulated other comprehensive (loss)		(7,126	)		(6,335	)		(7,588	)
Total stockholders’ equity		521,770			516,336			480,981
Total liabilities and stockholders’ equity	$	6,357,602			6,471,411			6,582,531

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BankAtlantic Bancorp, Inc. and Subsidiaries
Consolidated Statements of Operations (unaudited)

		For The Three Months Ended
(in thousands)		3/31/2006			12/31/2005			9/30/2005			6/30/2005			3/31/2005
INTEREST INCOME:
Interest and fees on loans		$	75,386			75,404			75,747			73,582			68,517
Interest on securities available for sale			4,305			4,379			4,741			5,258			5,295
Interest on tax exempt securities			3,806			3,695			3,733			3,769			3,225
Interest and dividends on investments and securities owned			8,614			9,109			8,708			7,932			7,311
Total interest income			92,111			92,587			92,929			90,541			84,348
INTEREST EXPENSE:
Interest on deposits			12,754			11,736			10,519			9,534			8,295
Interest on advances from FHLB			14,139			15,565			17,332			15,604			13,674
Interest on short-term borrowed funds			2,575			2,746			2,108			2,646			2,099
Interest on secured borrowings			2,401			2,862			2,637			2,483			2,162
Interest on long-term debt			7,584			6,825			6,392			6,316			5,672
Capitalized interest on real estate development			(480	)		(513	)		(477	)		(437	)		(452	)
Total interest expense			38,973			39,221			38,511			36,146			31,450
NET INTEREST INCOME			53,138			53,366			54,418			54,395			52,898
Provision (recovery from) loan losses			163			(109	)		(3,410	)		820			(3,916	)
NET INTEREST INCOME AFTER PROVISION			52,975			53,475			57,828			53,575			56,814
NON-INTEREST INCOME:
Service charges on deposits			19,099			17,808			16,415			14,744			12,989
Other service charges and fees			6,222			6,436			5,824			5,849			5,238
Broker/dealer revenue			54,562			49,831			50,368			83,915			54,686
Securities activities, net			2,541			474			181			90			102
Gain on sales of loans			94			221			295			116			110
Gain associated with debt redemption			436			—			—			—			—
Income (loss) from real estate operations			(1,096	)		(558	)		1,142			1,655			2,241
Income from unconsolidated subsidiaries			820			211			142			137			131
Other			2,244			2,299			2,137			2,697			3,173
Total non-interest income			84,922			76,722			76,504			109,203			78,670
NON-INTEREST EXPENSE:
Employee compensation and benefits			80,200			70,257			68,455			78,391			65,795
Occupancy and equipment			16,247			15,394			14,853			13,953			13,237
Impairment of office properties and equipment			—			—			—			3,706			—
Advertising and promotion			9,957			11,701			6,667			8,069			6,298
Professional fees			4,250			4,692			4,207			4,316			4,081
Communications			3,954			3,470			3,371			3,508			3,205
Floor broker and clearing fees			2,719			2,433			2,305			2,012			2,368
Costs associated with debt redemption			423			—			—			—			—
Reserve for fines and penalties, compliance matter			—			10,000			—			—			—
Other			11,918			12,052			11,326			10,188			9,801
Total non-interest expense			129,668			129,999			111,184			124,143			104,785
Income before income taxes			8,229			198			23,148			38,635			30,699
Provision for income taxes			1,517			1,691			6,888			14,098			10,821
GAAP net income (loss)		$	6,712			(1,493	)		16,260			24,537			19,878
Reconciliation of Operating and GAAP Net Income
GAAP net income (loss)		$	6,712			(1,493	)		16,260			24,537			19,878
Gain associated with debt redemption			(283	)		—			—			—			—
Impairment of office properties and equipment			—			—			—			2,409			—
Costs associated with debt redemption			275			—			—			—			—
Reserve for fines and penalties, compliance matter			—			10,000			—			—			—
Operating net income	(note 1)	$	6,704			8,507			16,260			26,946			19,878

11

BankAtlantic Bancorp, Inc. and Subsidiaries
Consolidated Average Balance Sheet (unaudited)

		For the three months ended
(in thousands except percentages and per share data)		3/31/2006			12/31/2005			9/30/2005			6/30/2005			3/31/2005
Loans:
Residential real estate		$	2,043,310			2,115,899			2,245,067			2,262,214			2,085,473
Commercial real estate excluding certain loan participations sold	(note 3)		1,561,236			1,576,131			1,643,570			1,731,243			1,764,927
Loan participations sold	(note 3)		125,293			134,080			147,633			164,778			169,541
Consumer			539,937			538,321			527,190			505,338			487,746
Lease financing			467			1,433			2,768			4,710			6,242
Commercial business			102,066			91,979			90,578			91,756			128,372
Small business			241,103			226,153			216,931			206,272			195,733
Total Loans			4,613,412			4,683,996			4,873,737			4,966,311			4,838,034
Investments — taxable			857,866			867,625			924,911			899,134			877,003
Investments — tax exempt			401,541			394,935			396,908			406,403			364,824
Total interest earning assets			5,872,819			5,946,556			6,195,556			6,271,848			6,079,861
Goodwill and core deposit intangibles			84,878			85,277			85,679			86,095			86,791
Other non-interest earning assets			430,746			431,215			411,116			371,549			358,024
Total assets		$	6,388,443			6,463,048			6,692,351			6,729,492			6,524,676
Tangible assets	(note 2)	$	6,303,565			6,377,771			6,606,672			6,643,397			6,437,885
Deposits:
Demand deposits		$	1,065,510			1,017,467			1,000,219			981,643			912,897
Savings			331,117			309,007			303,268			301,331			281,512
NOW			760,419			692,128			666,567			685,769			664,313
Money market			829,700			887,858			904,382			906,514			921,382
Certificates of deposit			843,866			797,187			781,044			782,335			777,353
Total deposits			3,830,612			3,703,647			3,655,480			3,657,592			3,557,457
Short-term borrowed funds			239,144			276,333			251,242			359,861			352,911
FHLB advances			1,164,675			1,345,033			1,659,411			1,615,310			1,536,434
Secured borrowings	(note 3)		125,293			134,080			147,633			164,778			169,541
Long-term debt			301,529			301,655			298,887			299,075			300,551
Total borrowings			1,830,641			2,057,101			2,357,173			2,439,024			2,359,437
Other liabilities			204,693			169,156			163,581			142,617			128,233
Total liabilities			5,865,946			5,929,904			6,176,234			6,239,233			6,045,127
Stockholders’ equity			522,497			533,144			516,117			490,259			479,549
Total liabilities and stockholders’ equity		$	6,388,443			6,463,048			6,692,351			6,729,492			6,524,676
Other comprehensive income (loss) in stockholders’ equity		$	(5,350	)		(4,810	)		(1,612	)		(5,119	)		(949	)
Tangible stockholders’ equity	(note 2)	$	442,969			452,677			432,050			409,283			393,707
Period End
Total loans, net excluding certain loan participations sold		$	4,412,989			4,486,502			4,543,245			4,803,529			4,637,232
Loan participations sold	(note 3)		111,754			138,270			129,891			165,375			164,180
Total assets			6,357,602			6,471,411			6,482,713			6,883,051			6,582,531
Total stockholders’ equity			521,770			516,336			523,392			510,394			480,981
Common shares outstanding			61,424,009			60,760,213			60,738,610			60,642,777			60,542,092
Cash dividends			2,334,112			2,308,888			2,308,067			2,122,497			2,118,973
Common stock cash dividends per share			0.038			0.038			0.038			0.035			0.035
Closing stock price			14.39			14.00			16.99			18.95			17.40
High stock price for the quarter			15.23			17.19			19.33			19.15			20.00
Low stock price for the quarter			12.67			13.29			15.64			16.51			17.02
Book value per share			8.49			8.50			8.62			8.42			7.94

12

Bank Operations Business Segment
Condensed Statements of Operations (Unaudited)

	For the Three Months Ended
(in thousands)	3/31/2006			12/31/2005			9/30/2005			6/30/2005		3/31/2005
Net interest income	$	55,138			54,760			55,939			56,031		54,345
Provision (recovery from) loan losses		163			(109	)		(3,410	)		820		(3,916	)
Net Interest income after provision for loan losses		54,975			54,869			59,349			55,211		58,261
Non-interest income
Service charges on deposits		19,099			17,808			16,415			14,744		12,989
Other service charges and fees		6,222			6,436			5,824			5,849		5,238
Securities gains (losses)		(1	)		—			23			87		7
Gain on sales of loans		94			221			295			116		110
Gain associated with debt redemption		436			—			—			—		—
Income (loss) from real estate operations		(1,096	)		(558	)		1,142			1,655		2,241
Other non-interest income		2,254			1,928			2,019			2,514		2,956
Total non-interest income		27,008			25,835			25,718			24,965		23,541
Non-interest expense
Employee compensation and benefits		34,357			31,445			28,106			27,577		26,398
Occupancy and equipment		12,372			11,503			10,826			10,165		9,117
Impairment of office properties and equipment		—			—			—			3,706		—
Advertising		8,296			10,244			5,518			5,965		5,168
Professional fees		2,193			2,521			2,641			2,638		1,895
Costs associated with debt redemption		423			—			—			—		—
Reserve for fines and penalties, compliance matter		—			10,000			—			—		—
Other		9,742			10,076			9,631			8,265		7,686
Total non-interest expense		67,383			75,789			56,722			58,316		50,264
Income from bank operations business segment before income taxes		14,600			4,915			28,345			21,860		31,538
Provision for income taxes		4,182			4,018			9,054			7,089		10,677
Net income from bank operations business segment	$	10,418			897			19,291			14,771		20,861
Reconciliation of Operating and business segment net income
Business segment income	$	10,418			897			19,291			14,771		20,861
Gain associated with debt redemption		(283	)		—			—			—		—
Impairment of office properties and equipment		—			—			—			2,409		—
Costs associated with debt redemption		275			—			—			—		—
Reserve for fines and penalties, compliance matter		—			10,000			—			—		—
Operating net income	$	10,410			10,897			19,291			17,180		20,861

13

Bank Operations Business Segment
Condensed Statements of Condition and Statistics (Unaudited)

(in thousands except percentages	For the Three Months Ended
and per share data)	3/31/2006		12/31/2005		9/30/2005		6/30/2005		3/31/2005
Statistics:
GAAP tax equivalent:
Average earning assets	$	5,591,286		5,709,807		5,967,885		6,046,843		5,865,733
Average interest bearing liabilities	$	4,338,215		4,485,417		4,754,244		4,856,422		4,744,788
Average tangible assets	$	5,947,154		6,053,697		6,280,162		6,344,861		6,148,752
Average tangible equity	$	484,162		495,614		473,387		463,813		448,667
Borrowings to deposits and borrowings	%	26.31		31.45		33.24		37.95		35.71
Operating (3):
Average earning assets	$	5,465,993		5,575,727		5,820,252		5,882,065		5,696,192
Average interest bearing liabilities	$	4,212,922		4,351,337		4,606,611		4,691,644		4,575,247
Average tangible assets	$	5,821,861		5,919,617		6,132,529		6,180,083		5,979,211
Average tangible equity	$	484,162		495,614		473,387		463,813		448,667
GAAP tax equivalent:
Yield on earning assets	%	6.39		6.29		6.08		5.84		5.62
Cost of interest-bearing liabilities	%	3.06		2.97		2.78		2.55		2.30
Interest spread	%	3.33		3.32		3.30		3.29		3.32
Net interest margin	%	4.02		3.96		3.87		3.79		3.76
Operating tax equivalent (3):
Yield on earning assets	%	6.36		6.24		6.05		5.84		5.64
Cost of interest-bearing liabilities	%	2.92		2.80		2.64		2.43		2.19
Interest spread	%	3.44		3.44		3.41		3.41		3.45
Net interest margin	%	4.11		4.05		3.96		3.90		3.88
GAAP:
Efficiency ratio	%	82.03		94.04		69.46		72.00		64.54
Return on average tangible assets	%	0.70		0.06		1.23		0.93		1.36
Return on average tangible equity	%	8.61		0.72		16.30		12.74		18.60
Operating (1):
Efficiency ratio	%	81.95		81.63		69.46		67.42		64.54
Return on average tangible assets	%	0.72		0.74		1.26		1.11		1.40
Return on average tangible equity	%	8.60		8.79		16.30		14.82		18.60
Earning assets repricing (2):
Percent of earning assets that have fixed rates	%	55		54		50
Percent of earning assets that have variable rates	%	45		46		50
One year Gap	%	9		7		4

(1)	Ratios have been adjusted to exclude gains and costs associated with debt redemptions, impairment on BankAtlantic’s former corporate headquarters and a reserve for a compliance matter.
(2)	Percentages for periods prior to September 30, 2005 are not available.
(3)	Adjusted to exclude loan participations sold accounted for as secured borrowings.

14

Bank Operations Business Segment

Condensed Statements of Financial Condition (Unaudited)

	As of
(in thousands)	3/31/2006		12/31/2005		9/30/2005		6/30/2005		3/31/2005
ASSETS
Loans receivable, net	$	4,409,971		4,483,142		4,539,544		4,799,485		4,616,846
Loan participations sold (1)		111,754		138,270		129,891		165,375		164,180
Held to maturity securities		396,251		427,575		439,015		483,992		376,298
Available for sale securities		567,664		578,913		608,375		658,532		695,154
Goodwill		70,489		70,489		70,489		70,489		70,489
Core deposit intangible asset		7,995		8,395		8,796		9,197		9,597
Other assets		435,976		402,546		369,994		374,207		335,215
Total assets	$	6,000,100		6,109,330		6,166,104		6,561,277		6,267,779
LIABILITIES AND STOCKHOLDER’S EQUITY
Deposits
Demand	$	1,152,365		1,019,992		1,017,866		1,039,703		960,152
NOW		790,225		755,708		673,803		660,633		676,945
Savings		351,839		313,889		303,348		302,677		296,485
Total low cost deposits		2,294,429		2,089,589		1,995,017		2,003,013		1,933,582
Money market		806,871		846,441		921,585		899,364		913,434
Certificate of deposits		859,470		816,689		777,743		789,533		796,928
Total deposits		3,960,770		3,752,719		3,694,345		3,691,910		3,643,944
Advances from Federal Home Loan Bank		1,085,914		1,283,532		1,485,649		1,695,265		1,524,881
Short term borrowings		179,850		261,154		187,513		362,307		298,816
Secured borrowings (1)		111,754		138,270		129,891		165,375		164,180
Long term debt		36,832		39,092		36,702		35,232		35,878
Other liabilities		72,102		89,834		79,228		69,235		73,191
Total liabilities		5,447,222		5,564,601		5,613,328		6,019,324		5,740,890
Stockholder’s equity		552,878		544,729		552,776		541,953		526,889
Total liabilities and stockholder’s equity	$	6,000,100		6,109,330		6,166,104		6,561,277		6,267,779

(1) Amount represents loan participations sold accounted for as secured borrowings.

15

Bank Operations Business Segment
Average Balance Sheet — Yield / Rate Analysis

	For the Three Months Ended
	March 31, 2006									March 31, 2005
	Average		Revenue/				Yield/			Average		Revenue/				Yield/
(in thousands)	Balance		Expense				Rate			Balance		Expense				Rate
Loans:
Residential real estate	$	2,043,309		25,712				5.03	%	$	2,085,473		25,509				4.89	%
Commercial real estate		1,557,880		30,827				7.92			1,759,747		28,323				6.44
Loan participations sold		125,293		2,401				7.77			169,541		2,162				5.17
Consumer		539,937		9,477				7.02			487,746		6,776				5.56
Lease financing		467		15				12.85			6,242		151				9.68
Commercial business		102,066		2,246				8.80			94,283		1,640				6.96
Small business		241,103		4,708				7.81			195,733		3,491				7.13
Total loans		4,610,055		75,386				6.54			4,798,765		68,052				5.67
Investments — tax exempt		393,159		5,731	(1	)		5.83			334,029		4,829	(1	)		5.78
Investments — taxable		588,072		8,233				5.60			732,939		9,555				5.21
Total interest earning assets		5,591,286		89,350				6.39	%		5,865,733		82,436				5.62	%
Goodwill and core deposit intangibles		78,693									80,375
Other non-interest earning assets		355,868									283,019
Total Assets	$	6,025,847								$	6,229,127
Deposits:
Savings	$	331,117		313				0.38	%	$	281,512		189				0.27	%
NOW		760,419		934				0.50			664,313		602				0.37
Money market		829,700		3,984				1.95			921,382		2,704				1.19
Certificate of deposit		843,866		7,523				3.62			777,353		4,800				2.50
Total interest bearing deposits		2,765,102		12,754				1.87			2,644,560		8,295				1.27
Short-term borrowed funds		245,326		2,643				4.37			357,047		2,122				2.41
Advances from FHLB		1,164,675		14,140				4.92			1,536,434		13,674				3.61
Secured borrowings		125,293		2,401				7.77			169,541		2,162				5.17
Long-term debt		37,819		748				8.02			37,206		600				6.54
Total interest bearing liabilities		4,338,215		32,686				3.06			4,744,788		26,853				2.30
Demand deposits		1,065,909									913,717
Non-interest bearing other liabilities		70,349									44,216
Total Liabilities		5,474,473									5,702,721
Stockholder’s equity		551,374									526,406
Total liabilities and stockholder’s equity	$	6,025,847								$	6,229,127
Net tax equivalent interest income/net interest spread				56,664				3.33	%				55,583				3.32	%
Tax equivalent adjustment				(2,006	)								(1,690	)
Capitalized interest from real estate operations				480									452
Net interest income				55,138									54,345
Margin
Interest income/interest earning assets								6.39	%								5.62	%
Interest expense/interest earning assets								2.37									1.86
Net interest margin (tax equivalent)								4.02	%								3.76	%
Net interest margin (tax equivalent) excluding secured borrowings								4.11	%								3.88	%

(1) The tax equivalent basis is computed using a 35% tax rate.

16

Bank Operations Business Segment
Allowance for Loan Loss and Credit Quality

	For the Three Months Ended
(in thousands)	3/31/2006			12/31/2005			9/30/2005			6/30/2005			3/31/2005
Allowance for Loan Losses
Beginning balance	$	41,192			40,695			43,650			43,042			46,010
Charge-offs:
Residential real estate		(68	)		(8	)		(191	)		(56	)		(198	)
Commercial real estate		—			—			—			—			—
Commercial business		(12	)		(119	)		(222	)		(511	)		(286	)
Consumer		(201	)		(91	)		(99	)		(43	)		(106	)
Small business		(85	)		(102	)		(68	)		(466	)		(128	)
Total charge-offs		(366	)		(320	)		(580	)		(1,076	)		(718	)
Recoveries:
Residential real estate		178			9			55			—			1
Commercial real estate		43			—			—			—			—
Commercial business		111			306			355			345			116
Consumer		199			238			159			121			176
Small business		106			205			289			220			185
Other		263			168			177			178			1,188
Total recoveries		900			926			1,035			864			1,666
Net (charge-offs) recoveries		534			606			455			(212	)		948
Provision (recovery from) loan losses		163			(109	)		(3,410	)		820			(3,916	)
Ending balance	$	41,889			41,192			40,695			43,650			43,042
Annualized net charge-offs (recoveries) to average loans	%	(0.05	)		(0.05	)		(0.04	)		0.02			(0.08	)

	As of
	3/31/2006		12/31/2005			9/30/2005			6/30/2005		3/31/2005
Credit Quality
Nonaccrual loans	$	6,101		6,801			6,883			5,785		6,504
Nonaccrual tax certificates		685		388			385			562		417
Real estate owned		1,647		967			912			1,178		1,438
Other repossessed assets		—		—			46			328		—
Total nonperforming assets	$	8,433		8,156			8,226			7,853		8,359
Nonperforming assets to total loans and other assets	%	0.18		0.17			0.17			0.16		0.17
Allowance for loan losses to total loans	%	0.94		0.91			0.89			0.90		0.92
Provision expense (recovery) to average loans	%	0.01		(0.01	)		(0.29	)		0.07		(0.34	)
Allowance to nonperforming loans	%	686.59		605.68			591.24			754.54		661.78

(1) Average and total loans exclude loan participations sold financed by secured borrowings.

17

Ryan Beck & Co., Inc. Business Segment

Consolidated Statements of Operations and Statistics — Unaudited

	For the Three Months Ended
(in thousands)	3/31/2006			12/31/2005			9/30/2005			6/30/2005		3/31/2005
Revenues
Principal transactions	$	24,720			20,900			22,895			36,690		19,802
Investment banking		3,702			4,511			3,741			25,394		11,882
Commissions		22,928			21,891			21,390			19,478		20,315
Interest, dividends and other		7,450			6,848			6,098			5,842		5,634
Total operating revenues		58,800			54,150			54,124			87,404		57,633
Operating expenses
Compensation, benefits		44,355			37,764			39,358			49,766		38,437
Professional fees		1,951			2,287			1,411			1,591		1,417
Communications		3,954			3,470			3,371			3,508		3,205
Occupancy and equipment		3,871			3,887			4,025			3,786		4,118
Floor broker and clearing fees		2,719			2,433			2,305			2,012		2,368
Interest and other		5,106			4,291			3,495			4,733		3,522
Total operating expenses		61,956			54,132			53,965			65,396		53,067
Income (loss) from Ryan Beck business segment — before income taxes		(3,156	)		18			159			22,008		4,566
Provision (benefit) for income taxes		(1,591	)		(654	)		(264	)		8,977		2,036
Net income from Ryan Beck business segment	$	(1,565	)		672			423			13,031		2,530
Statistics:
Average tangible assets	$	231,145			220,065			208,883			184,601		171,833
Average tangible equity		99,220			99,456			99,195			85,735		85,248
GAAP return on average tangible assets	%	(2.71	)		1.22			0.81			28.24		5.89
GAAP return on average tangible equity		(6.31	)		2.70			1.71			60.80		11.87
Compensation as a percent of revenues		75.43			69.74			72.72			56.94		66.69
Commissions to total revenues		38.99			40.43			39.52			22.29		35.25
Principal transactions to total revenues		42.04			38.60			42.30			41.98		34.36
Investment banking revenue to total revenues		6.30			8.33			6.91			29.05		20.62

Condensed Statements of Financial Condition — Unaudited

	As of
(in thousands)	3/31/2006		12/31/2005		9/30/2005		6/30/2005		3/31/2005
ASSETS
Cash and cash equivalents	$	3,396		5,366		5,388		4,103		6,312
Securities		169,570		180,292		120,298		109,095		142,294
Notes receivable — GMS		3,018		3,360		3,702		4,043		4,386
Property and equipment, net		7,629		7,573		7,503		6,795		7,020
Goodwill		6,184		6,184		6,184		6,184		6,184
Due from clearing agent		2,672		—		15,650		22,091		1,120
Other assets		37,916		37,334		37,332		51,338		29,426
Total assets	$	230,385		240,109		196,057		203,649		196,742
LIABILITIES AND STOCKHOLDER’S EQUITY
Liabilities:
Securities sold not yet purchased	$	41,828		35,177		20,688		28,184		60,276
Due to clearing agent		32,206		24,486		—		—		—
Other liabilities		51,465		74,100		69,695		70,214		44,246
Total liabilities		125,499		133,763		90,383		98,398		104,522
Stockholder’s equity		104,886		106,346		105,674		105,251		92,220
Total liabilities and stockholder’s equity	$	230,385		240,109		196,057		203,649		196,742

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Parent Company Business Segment Activities
Condensed Statements of Operations — Unaudited

	For the Three Months Ended
(in thousands)	3/31/2006			12/31/2005			9/30/2005			6/30/2005			3/31/2005
Net interest (expense)	$	(4,618	)		(4,583	)		(4,457	)		(4,157	)		(3,892	)
Income from unconsolidated subsidiaries		820			211			142			137			131
Gains on sales of securities		2,541			475			158			3			95
Employee compensation and benefits		(1,487	)		(1,048	)		(991	)		(1,048	)		(960	)
Other income (expense)		(471	)		210			(208	)		(168	)		(779	)
Loss from parent company activities before income taxes		(3,215	)		(4,735	)		(5,356	)		(5,233	)		(5,405	)
Benefit for income taxes		(1,074	)		(1,673	)		(1,902	)		(1,968	)		(1,892	)
Net loss from parent company business segment	$	(2,141	)		(3,062	)		(3,454	)		(3,265	)		(3,513	)

Condensed Statements of Financial Condition — Unaudited

	As of
(in thousands)	3/31/2006		12/31/2005		9/30/2005		6/30/2005		3/31/2005
ASSETS
Cash	$	4,933		7,342		12,783		11,218		8,032
Securities		112,006		104,602		103,755		100,592		85,711
Notes receivable from related parties		—		—		—		—		16,000
Investment in subsidiaries		657,765		651,078		658,454		647,207		619,111
Investment in unconsolidated subsidiaries		11,996		12,464		12,510		7,910		7,910
Other assets		7,383		8,210		7,075		13,905		15,452
Total assets	$	794,083		783,696		794,577		780,832		752,216
LIABILITIES AND STOCKHOLDERS’ EQUITY
Subordinated debentures and notes payable	$	268,266		263,266		263,266		263,266		263,266
Other liabilities		4,047		4,094		7,919		7,172		7,969
Total liabilities		272,313		267,360		271,185		270,438		271,235
Stockholders’ equity		521,770		516,336		523,392		510,394		480,981
Total liabilities and stockholders’ equity	$	794,083		783,696		794,577		780,832		752,216

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