Exhibit 99.1

BankAtlantic Bancorp Reports Financial Results
For the Second Quarter, 2008

21% Improvement Compared to First Quarter, 2008

FORT LAUDERDALE, Florida — July 29, 2008 —BankAtlantic Bancorp, Inc. (NYSE: BBX) today reported a net loss from continuing operations of ($19.4) million, or ($0.35) per diluted share for the quarter ended June 30, 2008, representing a 21.2% improvement compared to the net loss of ($24.6) million or ($0.44) per diluted share for the first quarter of 2008. BankAtlantic Bancorp (“the Company”) reported net income of $11.7 million, or $0.20 per diluted share, for the second quarter of 2007.

BankAtlantic, the banking subsidiary of BankAtlantic Bancorp, reported a net loss of ($14.1) million for the quarter ended June 30, 2008 compared to a net loss of ($17.0) million for the first quarter of 2008, a 17.2% improvement, and net income of $10.4 million for the second quarter of 2007. BankAtlantic’s second quarter 2008 pre-tax core operating earnings (defined as pre-tax earnings before the impact of loan loss provisions, impairment, restructuring and exit activities) was $20.3 million, versus $17.2 million in the comparable 2007 period, an 18% improvement. BankAtlantic’s second quarter 2008 pre-tax core operating earnings rose 36.8%, up from $14.8 million in the first quarter of 2008. Loan loss provisions, impairment, restructuring and exit activity expenses aggregated $43.8 million in the second quarter of 2008, $6.0 million in the second quarter of 2007 and $42.8 million in the first quarter of 2008.

BankAtlantic Bancorp’s Chairman and Chief Executive Officer, Alan B. Levan, commented, “It is generally hard to find good news in bad news but this is one of those circumstances. While there is no question that many of our loyal customers are hurting — and their pain causes us pain — we are beginning to see early signals that segments of the environment are stabilizing and upcoming and meaningful government support for the economy is materializing. We are hopeful that the healing process has begun for our customers and for us. Our core operating earnings are showing marked improvement and our aggressive recognition of credit issues when the tidal wave hit last year appears to be paying off. Also, while we clearly

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experienced significant credit losses, we are pleased that our decisions over the last few years to avoid many of the investments that have severely hurt so many institutions has left us better off than many banks and thrifts who are not only dealing with the kind of core credit issues we have, but are also having to address the market that now exists for exotic assets.

     “Our desirable position in this awful market is not an accident. During its 56 years serving Florida, BankAtlantic has experienced and successfully navigated through a number of economic and real estate downturns. Despite the noise in some quarters driven by misinformation, bad information, and simply irresponsible reporting disconnected from fact, BankAtlantic, with its strong core of retail customers, is well positioned to emerge from the current economic downturn stronger, leaner, wiser and more profitable.

     “The reported earnings reflect the financial results of BankAtlantic Bancorp, BankAtlantic’s holding company. In light of the current volume of misinformation being circulated, it is important to note that it is our subsidiary, BankAtlantic, which enjoys federal deposit insurance. Our investment in that subsidiary financial institution is critical to BankAtlantic Bancorp’s success. For the purpose of evaluating the safety and soundness of an insured entity, however, BankAtlantic is evaluated based on its own financials, independent from the consolidated financials of BankAtlantic Bancorp. We remain pleased to report on the financial condition of both our subsidiary as well as BankAtlantic Bancorp.

     “As of June 30, 2008, BankAtlantic remains in every measurable category a ‘well capitalized’ institution under all regulatory standards. Its total risk based capital ratio is 11.77%, Tier 1 risk based capital ratio is 9.99%, tangible capital ratio is 6.82%, and core capital is 6.82%; all exceeding the ‘well capitalized’ standard for the respective capital ratios. Its ratio of non-performing loans to total loans is 1.75%, and its ratio of non-performing assets to its capital and reserves is 15.5%. While market conditions have driven those ratios higher than we would like, they are both better than industry averages today, and, we believe, represent a significant accomplishment considering the state of the Florida economy and the problems facing other institutions. BankAtlantic is sound, strong and has a long and bright future to look forward to, built on the high level of service it provides to its loyal customers in its dynamic retail network.

     “BankAtlantic’s residential lending practices have never included subprime, option-arm, negative amortization or similar products. We believe that is why BankAtlantic’s $2.0 billion Residential loan portfolio has experienced net losses that appear to be significantly below

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standard industry comparison. In addition, BankAtlantic’s investment portfolio does not include any commercial paper, collateralized debt obligations, structured investment vehicles, Fannie Mae or Freddie Mac equity or debt securities, or investments otherwise considered high-risk. The decisions to forego the potential profits earned by others on these types of investments have in the longer term proven wise.

     “Early on, we recognized credit issues in certain segments of our loan portfolios. We believe that these issues are largely attributable to the economic downturn and the decline of the Florida residential real estate markets. We also believe that we have made significant progress since the start of the current real estate crisis through the second quarter of 2008. As is detailed below, net interest income, non-interest income and core operating earnings have all increased. Core deposits (DDA, NOW and Savings) have increased. Non-interest expenses have declined and charge-offs in commercial real estate have declined.

     “BankAtlantic’s internal capital projections indicate continued ‘well capitalized’ ratios without additional capital, even if it is necessary to absorb additional charge-offs. Having said that, and despite our belief that our government has and will use the tools to keep our economy from slipping significantly further, we are also planning for a worst case economic scenario we hope will never occur. Simply put, notwithstanding what likely will happen, we must plan for what could happen and for the most dire of circumstances affecting our customers.

     “The time to raise capital is when you might need it but do not then need it. This is that time. Accordingly, we have decided to pursue raising additional capital through a shareholder rights offering of Common Stock to the Company’s shareholders which we are publicly announcing today in a separate press release. Offering our stock directly to our existing shareholders at a discount to the market will give every shareholder the opportunity to participate and acquire shares on the same terms. We believe this is the fairest and most equitable approach for our current shareholders.

     “We appreciate the support our company has enjoyed over the years from its customers, shareholders, and employees. As dark as it has been for the economy during this year, we have seen, survived and prospered through much worse. We will do so now as well, as we work to make certain that those who believe in the future of this company are rewarded for having done so.”

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BankAtlantic Highlights:

BankAtlantic Performance:

     Net Income — BankAtlantic’s Chief Executive Officer, Jarett S. Levan, commented, “Despite the losses associated with our loan portfolios, we have made significant progress in improving core operating earnings.

     “Year-to-date, pre-tax core operating earnings, which exclude the impact of loan loss provisions and impairment, restructuring and exit activity, were $35.1 million versus $28.1 million at June 30, 2007, representing a 24.9% improvement. As stated above, the second quarter 2008 pre-tax core operating earnings were $20.3 million, a 36.8% improvement over $14.8 million reported for the first quarter of 2008. Loan loss provisions, impairment, restructuring, exit activity expenses and tax provisions, aggregated ($66.1) million and ($17.1) million for the six months ended June 30, 2008 and 2007, respectively, and ($34.3) million and ($31.8) million for the three months ended June 30, 2008 and March 31, 2008, respectively. Details for each period are provided in the supplementary financial statements included with this press release. We believe these improvements reflect management’s success in reducing operating expenses and improving profitability in the core business in spite of the challenges in the current economic environment.

     Deposit Accounts and Balances — “Over 75% of BankAtlantic’s $3.9 billion in total deposits at June 30, 2008 is comprised of non-CD balances, which we believe speaks to the strength and stability of our deposit base and franchise. Total Bank core deposit balances, representing Demand, NOW and Savings accounts, increased $52.2 million year-to-date, compared to $109.6 million for the comparable 2007 period, which we believe is a result of the impact of the economic environment on our customers.

     Net Interest Margin— “Net interest income for the second quarter of 2008 was $49.9 million compared to $48.0 million in the previous quarter and $50.9 million in the corresponding 2007 quarter. The tax equivalent net interest margin was 3.58% in the second quarter of 2008, up 21 basis points, compared to 3.37% in the first quarter of 2008, and 3.72% in the corresponding quarter of 2007. The decline from the 2007 quarter was due primarily to competitive pricing pressures in this interest rate environment and the impact of non-performing assets. Additionally, average earning assets decreased $99.8 million and $120.8 million compared to the first quarter of 2008 and the second quarter of 2007, respectively, due to our

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conscious decision to slow loan growth in support of capital preservation and credit risk management initiatives.

     Non-interest income — “Non-interest income for the second quarter of 2008 was $36.7 million, a 3.3% increase over the first quarter of 2008 and essentially flat with the second quarter of 2007. Total non-interest income for the second quarter was 42% of total income. Approximately 67% of our non-interest income is generated directly by our deposit account base, representing what we believe is a consistent and stable source of income for BankAtlantic.

     Non-interest expense — “We remain committed to a multi-year program to create a more efficient operating platform. Recurring non-interest expense in the quarter continued to show material improvement from prior periods, as we completed the early stages of this initiative. Year-to-date, excluding impairment, restructuring and exit activity charges of $5.8 million in 2008 and $3.7 million in 2007, non-interest expense improved $11.5 million or 7.8% from the 2007 year-to-date period. Excluding impairment, restructuring and exit activity charges of $1.1 million in the second quarter of 2007 and of $6.0 million in the second quarter of 2008, non-interest expense during the second quarter of 2008 was $66.4 million, a decline of $4.0 million or 5.7% from the comparable 2007 quarter. Excluding impairment, restructuring and exit activity recoveries of ($0.1) million in the first quarter of 2008 and charges of $6.0 million in the second quarter of 2008, non-interest expense during the second quarter of 2008 decreased $2.4 million or 3.4% from the first quarter of 2008. Total non-interest expense was $72.3 million in the second quarter of 2008, compared to $71.5 million in the second quarter of 2007 and $68.6 million in the first quarter of 2008.

     “Through reductions in staff and normal attrition we have reduced headcount by 27.3% since January 2007. These expense reductions were achieved despite absorbing incremental direct expense, year-over-year, related to 31 new stores opened from 2005 to date and operating expenses associated with our recently sold Central Florida stores.

Credit Risk Management:

     Credit - “BankAtlantic experienced net charge-offs of $22.8 million in the second quarter of 2008, representing a 51.6% improvement over first quarter 2008 net charge-offs. This was largely the result of the performance of our Commercial Real Estate portfolio, where net charge-offs for the second quarter of 2008 were $14.5 million ($13.8 million of which was

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related to one loan), an improvement of over $26.1 million compared to the $40.6 million charged-off in the first quarter of 2008. Non-accrual loans were re-appraised during the first half of this year and the valuation adjustments are reflected in these charge-offs and specific reserves. The quarter’s net charge-offs also included Consumer loans of $7.1 million, Residential loans of $0.8 million, and Small Business loans of $0.3 million. Commercial business loans did not have any charge-offs in this quarter or in the comparable 2007 period.

     “The provision for loan loss in the second quarter of 2008 was $37.8 million, as we increased our allowance for loan losses to a total of $98.4 million (representing 2.21% of total loans), primarily reflecting additional specific reserves in our Commercial Real Estate portfolio related to recent valuation updates and increases in our Consumer portfolio reserves. The allowance coverage of total non-accrual loans was 126.34% at June 30, 2008, and the ratio of non-performing loans to total loans at June 30, 2008 was 1.75%.

     Commercial Real Estate Loans — “The Bank’s Commercial Real Estate loan portfolio at June 30, 2008 totaled $1.3 billion, including the following loan categories which we believe have the most exposure to declines in the real estate market:

     “Builder land bank loans: This category of 7 loans aggregates $64.0 million; 2 of the loans, totaling $17.6 million, are on non-accrual.

     “Land acquisition and development loans: This category of 26 loans aggregates $172.3 million; one loan, totaling $3.2 million, is on non-accrual.

     “Land acquisition, development and construction loans: This category of 18 loans aggregates $88.1 million; 3 of these loans, totaling $24.7 million, are on non-accrual.

     “These non-accrual commercial real estate loans are reflected on the Bank’s financial statements at approximately 50% of their principal balances before charge-offs or specific reserves. Additionally, we would note that these three loan categories that we identified in the third quarter of 2007 have been the source for 84% of the existing non-accrual commercial real estate loan balances and 99.7% of commercial real estate charge-offs since the third quarter of 2007. Further, loans identified in the third quarter 2007 as non-accrual have been the source of 79.2% of the total charge-offs since that time. We expect continued pressure on this portfolio throughout 2008, including the possibility of additional non-accrual loans, provisions and charge-offs. However, we believe the current trends in our Commercial Real Estate portfolio appear to be stabilizing.

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     Purchased Residential Loans— “Our Purchased Residential loan portfolio was $2.0 billion at quarter-end, representing 44.4% of the Bank’s total loans. This portfolio consists of approximately 6,500 first mortgage loans secured by properties in every state of the nation. As we previously stated, our standard products in this portfolio have never included purchased or originated subprime, negative amortizing or option-arm loans. The portfolio is geographically diverse with 92% located outside of Florida, the weighted average FICO score of borrowers in this portfolio was 742 at the time of origination, the weighted average loan-to-value of the loans in this portfolio at the time of origination was 68.9%, and the original back end debt ratio was a weighted average of 33.1%. As of June 30, 2008, the average time to payment reset was 61 months. Quarter-end delinquencies, including non-accrual loans, were 1.33% of the unpaid principal balance, versus 1.17% in the previous quarter. Non-accrual balances in this portfolio increased to $16.7 million at June 30, 2008 from $13.2 million at March 31, 2008. Based on more recently obtained property valuations, the weighted average loan-to-value of the non-accrual loan balances on June 30, 2008 was 74.8%, and the year-to-date annualized charge-offs remain low at 0.16%. While this portfolio is experiencing greater pressure than in the past, we believe that it remains a strong performing portfolio.

     Consumer Loans — “Our Consumer loan portfolio had outstanding balances of $734.4 million at quarter-end, with home equity loans representing 96.4% of this portfolio. None of our home equity loans have been purchased from others; 100% have been originated in our local markets with central underwriting. Approximately 19% of this portfolio is secured by first mortgages. The loans in this portfolio have an updated weighted average loan-to-value, inclusive of first mortgages, of 74.4%, and an updated weighted average Beacon score of borrowers of approximately 737. Total delinquencies in this portfolio, including non-accruals, at June 30, 2008 were 2.17% versus 1.76% at March 31, 2008. Non-accrual balances in this portfolio were essentially flat at $4.5 million at June 30, 2008 compared to $4.4 million at March 31, 2008. During the first half of 2008, we decreased our consumer loan available commitments by $122.7 million in an effort to reduce overall exposure. Notwithstanding our efforts, based on current economic conditions, we anticipate that we will continue to experience elevated levels of delinquencies and charge-offs in this portfolio during the balance of the year.

Capital Strength:

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     Capital — “At June 30, 2008, BankAtlantic’s Core, Tier I and Total Capital ratios were 6.82%, 9.99% and 11.77%, respectively, exceeding the regulatory well-capitalized thresholds of 5.0%, 6.0% and 10.0%. BankAtlantic’s ratio of non-performing assets to common equity plus reserves was 15.5% at June 30, 2008. BankAtlantic Bancorp contributed $35.0 million in capital to BankAtlantic during the second quarter of 2008, and has contributed $55.0 million of capital year-to-date, offsetting the impact of the losses and further strengthening the Bank’s already well-capitalized base.

     “Florida remains one of the best banking markets in the country. We are positioned to take advantage of opportunities in this market as we emerge from this economic cycle with a more efficient operating platform and improved core operating earnings.” concluded Jarett S. Levan.

Parent:

     Stifel Investment — BankAtlantic Bancorp’s Chairman and CEO, Alan B. Levan, further commented, “During the quarter, we completed the sale of all of our remaining shares of Stifel Financial Corp. common stock for proceeds of $15.7 million, representing a gain of $3.7 million. As a result of Stifel’s recent three for two stock split, we currently hold warrants to purchase 722,586 shares of Stifel Financial Corp. common stock at an exercise price of $24.00 per share. BankAtlantic Bancorp recorded a $4.5 million gain associated with the change in value of the warrants in the second quarter of 2008, versus the $6.1 million gain recorded in the second quarter of 2007.

     Asset Workout Subsidiary — “As previously announced, during the first quarter of 2008, BankAtlantic Bancorp formed a wholly-owned asset workout subsidiary. BankAtlantic transferred approximately $101.5 million of non-accrual loans and $6.4 million in specific loan reserves to the workout subsidiary on March 31, 2008 in exchange for a cash payment of $94.8 million. These assets are no longer held by BankAtlantic, and any gain or loss associated with these assets will have no impact on BankAtlantic’s operations or capital, but will be included in BankAtlantic Bancorp’s (the Parent company) consolidated results. These assets, as with all other assets and liabilities at BankAtlantic Bancorp, should not be combined with those of BankAtlantic when evaluating and comparing metrics for BankAtlantic as the insured financial institution.

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     “At June 30, 2008, the loans held by the workout subsidiary totaled $92.8 million with specific loan reserves of $7.7 million. During the second quarter, primarily as a result of updated valuations, these loans were charged-down by $8.2 million, and BankAtlantic Bancorp recorded a provision for loan losses of $9.4 million. Additionally, during the quarter, one loan for $2.4 million returned to accrual status. The breakdown of the non-accrual loans held by the Company’s asset workout subsidiary is as follows:

     “Builder land bank loans: Four loans aggregating $29.0 million.

     “Land acquisition and development loans: Four loans aggregating $19.5 million.

     “Land acquisition, development and construction loans: Nine loans aggregating $29.3 million.

     “Other Commercial real estate loans: Three loans aggregating $7.0 million.

     “Commercial business loans: Three loans aggregating $5.6 million.

     “These commercial real estate non-accrual loans are carried on BankAtlantic Bancorp’s books at approximately 63.3% of their principal balances prior to charge-offs or specific reserves. While BankAtlantic Bancorp may consider pursuing a possible joint venture or sale of its interests in the workout subsidiary in the future, there is no assurance this will occur.

BankAtlantic Bancorp:

     Cash Dividend — “BankAtlantic Bancorp’s Board of Directors declared a cash dividend of $0.005 per share to all shareholders of record of its Class A and Class B Common Stock at the close of trading on July 3^rd, 2008. This quarter’s dividend declaration marked BankAtlantic Bancorp’s 60^th consecutive quarterly dividend payment,” concluded Alan B. Levan.

Financial Highlights:

Second Quarter, 2008 Compared to Second Quarter, 2007

BankAtlantic Bancorp — consolidated:

• (Loss) income from continuing operations of ($19.4) million versus income of $11.7 million

• Diluted (loss) earnings per share from continuing operations of ($0.35) versus $0.20

• Return on average tangible equity from continuing operations was (21.63%) versus 10.47%

• Book value per share was $7.27 versus $8.83

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BankAtlantic:

• Business segment (loss) income was ($14.1) million versus income of $10.4 million

• Pre-tax operating earnings (pre-tax loss before impact of provision for loan losses, impairments, restructuring and exit activities of $43.8 million for the 2008 quarter and $6.0 million for the 2007 quarter) was $20.3 million versus $ 17.2 million

• Over 40,000 new core deposit accounts opened

• Return on average tangible assets was (0.94%) versus 0.68%

• Return on average tangible equity was (12.06%) versus 8.26%

• Tax equivalent net interest margin decreased to 3.58% versus 3.72%

• Non-interest income remained flat at $36.7 million

• Non-interest expense was $66.4 million versus $70.4 million, a decrease of 5.70%, before the impairment, restructuring and exit activities of $6.0 million in 2008 and $1.1 million in 2007

Second Quarter, 2008 Compared to First Quarter, 2008

BankAtlantic Bancorp — consolidated:

• (Loss) from continuing operations of ($19.4) million versus ($24.6) million

• Diluted (loss) per share from continuing operations of ($0.35) versus ($0.44)

• Return on average tangible equity from continuing operations was (21.63%) versus (25.73%)

• Book value per share was $7.27 versus $7.73

BankAtlantic:

• Business segment (loss) was ($14.1) million versus ($17.0) million

• Pre-tax operating earnings (pre-tax loss before impact of provision for loan losses, impairments, restructuring and exit activities of $43.8 million for the second quarter and $42.8 million for the first quarter) was $20.3 million versus $14.8 million

• Return on average tangible assets was (0.94%) versus (1.12%)

• Return on average tangible equity was (12.06%) versus (14.52%)

• Tax equivalent net interest margin increased to 3.58% versus 3.37%

• Non-interest income was $36.7 million versus $35.6 million

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• Non-interest expense was $66.4 million versus $68.7 million, a decrease of 3.43%, before the impairment, restructuring and exit activities of $6.0 million in the second quarter and a $0.1 million recovery during the first quarter

Year-to-date 2008 Compared to Year-to-date 2007

BankAtlantic Bancorp — consolidated:

• (Loss) income from continuing operations was ($43.9) million versus income of $9.5 million

• Diluted (loss) earnings per share from continuing operations was ($0.78) versus $0.16

• Return on average tangible equity from continuing operations was (23.75%) versus 4.24%

BankAtlantic:

• Business segment (loss) income was ($31.0) million versus income of $11.0 million

• Pre-tax operating earnings (pre-tax loss before impact of provision for loan losses, impairments, restructuring and exit activities of $86.5 million year-to-date 2008 and $16.1 million year-to-date 2007) was $35.1 million versus $28.1 million

• Nearly 103,000 new core deposit accounts opened

• Return on average tangible assets was (1.03%) versus 0.36%

• Return on average tangible equity was (13.29%) versus 4.39%

• Non-interest income was $72.3 million versus $71.7 million, an increase of 0.77%

• Non-interest expense, before the $5.8 million and $3.7 million of impairment, restructuring and exit activities during the 2008 and 2007 periods, was $135.1 million versus $146.6 million, a decrease of 7.8%

Financial data is provided in the supplemental financial tables included with this release for both BankAtlantic (bank only) as well as the Parent- BankAtlantic Bancorp. Additionally, BankAtlantic financial information is provided quarterly to the OTS through Thrift Financial Reports, available to the public through the OTS and FDIC websites.

BankAtlantic Bancorp plans to host an investor and media teleconference call and webcast on Wednesday, July 30, 2008 at 11:00 a.m. (Eastern Time).

Teleconference Call Information:

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     To access the teleconference call in the U.S. and Canada, the toll free number to call is 1-800-968-8156. International calls may be placed to 706-634-5752. Domestic and international callers may reference PIN number 54889866.

     A replay of the conference call will be available beginning two hours after the call’s completion through 5:00 p.m. Eastern Time, Wednesday, August 13, 2008. 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 54889866.

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, or go directly to http://www.visualwebcaster.com/event.asp?id=49472. The archive of the teleconference call will be available through 5:00 p.m. Eastern Time, Wednesday, August 13, 2008.

     BankAtlantic Bancorp’s second quarter, 2008 financial 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 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 second quarter, 2008 financial 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.

About BankAtlantic Bancorp:

BankAtlantic Bancorp (NYSE: BBX) is a bank holding company and the parent company of BankAtlantic.

About BankAtlantic:

BankAtlantic, “Florida’s Most Convenient Bank”, with over $6 billion in assets and more than 100 stores is one of the largest financial institutions headquartered in Florida. BankAtlantic provides a full line of products and services encompassing consumer and commercial banking. BankAtlantic is open 7 days a week and offers holiday hours, extended weekday hours, Totally Free Online Banking & Bill Pay, a 7-Day Customer Service Center, Totally Free Change Exchange coin counters and free retail and business checking with a free gift. BankAtlantic has been serving communities throughout Florida since 1952 and currently operates more than 250 conveniently located ATMs. The bank has supported thousands of charitable, civic and

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professional organizations since the inception of the BankAtlantic Foundation in 1994.

For further information, please visit our websites:
www.BankAtlanticBancorp.com
www.BankAtlantic.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:
Donna Rouzeau,
Assistant Vice President, Investor Relations & Corporate Communications
Email: CorpComm@BankAtlanticBancorp.com
Leo Hinkley,
Senior Vice President, Investor Relations Officer
Email: InvestorRelations@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

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: cberg@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,

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markets, products and services, including the impact of a continued downturn in the economy or a recession on our business generally, as well as the ability of our borrowers to service their obligations and on our customers to maintain account balances; 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 ( including those held in the asset workout subsidiary of the Company), of a sustained downturn in the real estate market and other changes in the real estate markets in our trade area, and where our collateral is located; the quality of our residential land acquisition and development loans (including “Builder land bank loans”) and conditions specifically in that market sector; the risks of additional charge-offs, impairments and required increases in our allowance for loan losses; BankAtlantic Bancorp’s ability to successfully manage the loans held by the newly formed asset workout subsidiary; the successful completion of a sale or joint venture of BankAtlantic Bancorp’s interests in the newly formed asset workout subsidiary in the future, and the risk that we will continue to realize losses in that loan portfolio; changes in interest rates and the effects of, and changes in, trade, monetary and fiscal policies and laws including their impact on the bank’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, the value of our assets and on the ability of our borrowers to service their debt obligations; BankAtlantic’s seven-day banking initiatives and other growth, marketing or advertising initiatives not resulting in continued growth of core deposits or increasing average balances of new deposit accounts or producing results which do not justify their costs; the success of our expense discipline initiative and the ability to achieve additional cost savings; the success of BankAtlantic’s new store expansion program, and achieving growth and profitability at the stores in the time frames anticipated, if at all; and the impact of periodic testing of goodwill, deferred tax assets and other assets for impairment. Past performance, actual or estimated new account openings and growth may not be indicative of future results. 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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Bank Operations Business Segment
Condensed Statements of Operations (Unaudited)

																For the Six
	For the Three Months Ended															Months Ended
(in thousands)	6/30/2008			3/31/2008			12/31/2007			9/30/2007			6/30/2007			6/30/2008			6/30/2007
Net interest income	$	49,923			48,005			47,291			49,235			50,914			97,928			102,984
Provision for loan losses		37,801			42,888			9,515			48,949			4,917			80,689			12,378
Net interest income after provision for loan losses		12,122			5,117			37,776			286			45,997			17,239			90,606
Non-interest income
Service charges on deposits		24,466			24,014			26,342			25,894			25,808			48,480			50,403
Other service charges and fees		7,121			7,433			7,171			7,222			7,524			14,554			14,557
Securities activities, net		1,960			341			861			613			212			2,301			833
Loss from real estate operations		(281	)		—			—			—			—			(281	)		(12	)
Gain on sales of loans		129			76			68			88			138			205			338
Income from unconsolidated subsidiaries		147			1,113			163			182			509			1,260			874
Gain (loss) on the sale of office properties, net		40			(61	)		(564	)		(362	)		(42	)		(21	)		(195	)
Other non-interest income		3,146			2,637			2,249			2,224			2,535			5,783			4,933
Total non-interest income		36,728			35,553			36,290			35,861			36,684			72,281			71,731
Non-interest expense
Employee compensation and benefits		32,118			34,243			37,221			34,244			36,628			66,361			77,292
Occupancy and equipment		16,171			16,383			17,023			16,951			15,923			32,554			31,865
Advertising and business promotion		3,564			4,861			5,596			4,221			4,079			8,425			9,867
Professional fees		2,004			2,260			2,969			2,444			1,233			4,264			2,853
Check losses		2,101			2,718			3,547			3,341			2,731			4,819			4,588
Supplies and postage		1,281			1,003			1,441			1,158			1,629			2,284			3,479
Telecommunication		1,326			1,496			1,342			1,283			1,548			2,822			2,927
Impairment, restructuring and exit activities		5,952			(115	)		5,681			11,005			1,122			5,837			3,675
Other		7,820			5,777			6,761			6,848			6,629			13,597			13,746
Total non-interest expense		72,337			68,626			81,581			81,495			71,522			140,963			150,292
(Loss) income from bank operations business segment before income taxes		(23,487	)		(27,956	)		(7,515	)		(45,348	)		11,159			(51,443	)		12,045
(Benefit) provision for income taxes		(9,428	)		(10,975	)		(4,143	)		(18,236	)		754			(20,403	)		1,001
Net (loss) income from bank operations business segment	$	(14,059	)		(16,981	)		(3,372	)		(27,112	)		10,405			(31,040	)		11,044

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

																For the Six
(in thousands except percentages	For the Three Months Ended															Months Ended
and per share data)	6/30/2008			3/31/2008			12/31/2007			9/30/2007			6/30/2007			6/30/2008			6/30/2007
Statistics:
Tax equivalent:
Average earning assets	$	5,569,690			5,669,461			5,653,913			5,750,192			5,690,488			5,619,575			5,678,563
Average interest bearing liabilities	$	4,610,344			4,712,913			4,656,897			4,718,381			4,590,419			4,661,628			4,571,041
Average tangible assets	$	6,002,728			6,085,957			6,080,693			6,194,549			6,127,470			6,044,342			6,110,115
Average tangible equity	$	466,141			467,952			481,495			507,963			504,091			467,044			503,672
Borrowings to deposits and borrowings	%	31.61			28.74			28.74			29.89			28.74			31.61			28.74
Tax equivalent:
Yield on earning assets	%	5.61			5.88			6.33			6.71			6.70			5.75			6.70
Cost of interest-bearing liabilities	%	2.46			3.02			3.54			3.80			3.70			2.74			3.67
Interest spread	%	3.15			2.86			2.79			2.91			3.00			3.01			3.03
Net interest margin	%	3.58			3.37			3.41			3.59			3.72			3.48			3.74
Performance:
Efficiency ratio	%	83.48			82.13			97.61			95.77			81.65			82.82			86.02
Efficiency ratio before impairment, restructuring and exit activities	%	76.61			82.27			90.81			82.84			80.37			79.39			83.92
Return on average tangible assets	%	(0.94	)		(1.12	)		(0.22	)		(1.75	)		0.68			(1.03	)		0.36
Return on average tangible equity	%	(12.06	)		(14.52	)		(2.80	)		(21.35	)		8.26			(13.29	)		4.39
Earning assets repricing:
Percent of earning assets that have fixed rates	%	52			53			54			54			54
Percent of earning assets that have variable rates	%	48			47			46			46			46
One year Gap	%	1			3			(3	)		(9	)		(7	)
Regulatory Capital Ratios
Total risk-based capital	%	11.77			11.83			11.63			11.93			12.34
Tier I risk-based capital	%	9.99			10.04			9.85			10.17			10.62
Core capital	%	6.82			6.87			6.94			7.20			7.48

Bank Operations Business Segment
Condensed Statements of Financial Condition (Unaudited)

	As of
(in thousands)	6/30/2008		3/31/2008		12/31/2007		9/30/2007		6/30/2007
ASSETS
Loans receivable, net	$	4,357,541		4,388,334		4,524,188		4,586,625		4,618,690
Investment securities		501,741		237,031		262,404		482,666		507,593
Available for sale securities		755,651		790,570		789,917		570,624		563,318
Goodwill		70,489		70,489		70,489		70,489		70,489
Core deposit intangible asset		4,711		5,047		5,397		5,747		6,097
Other assets		679,015		720,485		509,567		557,951		505,874
Total assets	$	6,369,148		6,211,956		6,161,962		6,274,102		6,272,061
LIABILITIES AND STOCKHOLDER’S EQUITY
Deposits
Demand	$	891,142		912,862		824,211		896,094		971,260
NOW		939,714		928,275		900,233		801,289		769,994
Savings		526,303		571,456		580,497		613,010		608,791
Money market		621,899		618,045		624,390		656,218		666,820
Certificates of deposit		955,921		964,976		1,024,074		1,002,197		1,000,278
Total deposits		3,934,979		3,995,614		3,953,405		3,968,808		4,017,143
Advances from Federal Home Loan Bank		1,657,036		1,477,040		1,397,044		1,417,047		1,397,051
Short term borrowings		135,200		108,009		170,433		245,895		193,937
Long term debt		26,287		26,467		26,654		29,125		29,397
Other liabilities		65,655		65,351		79,147		74,539		67,747
Total liabilities		5,819,157		5,672,481		5,626,683		5,735,414		5,705,275
Stockholder’s equity		549,991		539,475		535,279		538,688		566,786
Total liabilities and stockholder’s equity	$	6,369,148		6,211,956		6,161,962		6,274,102		6,272,061

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

	For the Three Months Ended
	June 30, 2008							June 30, 2007
	Average		Revenue/		Yield/			Average		Revenue/			Yield/
( in thousands)	Balance		Expense		Rate			Balance		Expense			Rate
Loans:
Residential real estate	$	2,086,519		28,469		5.46	%	$	2,215,606		30,181			5.45	%
Commercial real estate		1,194,902		16,979		5.68			1,384,405		28,646			8.28
Consumer		743,123		8,273		4.45			635,370		11,836			7.45
Commercial business		127,229		2,224		6.99			147,026		3,306			8.99
Small business		319,095		5,521		6.92			295,483		5,944			8.05
Total loans		4,470,868		61,466		5.50			4,677,890		79,913			6.83
Investments — tax exempt		—		—		—			398,435		5,846	(1)		5.87
Investments — taxable		1,098,822		16,615		6.05			614,163		9,506			6.19
Total interest earning assets		5,569,690		78,081		5.61	%		5,690,488		95,265			6.70	%
Goodwill and core deposit intangibles		75,401							76,784
Other non-interest earning assets		433,038							436,982
Total Assets	$	6,078,129						$	6,204,254
Deposits:
Savings	$	552,094		1,284		0.94	%	$	605,940		3,401			2.25	%
NOW		941,964		1,898		0.81			782,018		1,749			0.90
Money market		617,013		2,427		1.58			677,545		4,789			2.84
Certificates of deposit		917,133		8,899		3.90			993,458		11,535			4.66
Total interest bearing deposits		3,028,204		14,508		1.93			3,058,961		21,474			2.82
Short-term borrowed funds		166,031		788		1.91			157,230		2,091			5.33
Advances from FHLB		1,389,835		12,433		3.60			1,344,855		18,102			5.40
Long-term debt		26,274		429		6.57			29,373		638			8.71
Total interest bearing liabilities		4,610,344		28,158		2.46			4,590,419		42,305			3.70
Demand deposits		878,906							989,434
Non-interest bearing other liabilities		45,770							50,800
Total Liabilities		5,535,020							5,630,653
Stockholder’s equity		543,109							573,601
Total liabilities and stockholder’s equity	$	6,078,129						$	6,204,254
Net tax equivalent interest income/ net interest spread			$	49,923		3.15	%			$	52,960			3.00	%
Tax equivalent adjustment				—							(2,046	)
Net interest income				49,923							50,914
Margin
Interest income/interest earning assets						5.61	%							6.70	%
Interest expense/interest earning assets						2.03								2.98
Net interest margin (tax equivalent)						3.58	%							3.72	%

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

Bank Operations
Average Balance Sheet — Yield / Rate Analysis

	For the Six Months Ended
	June 30, 2008							June 30, 2007
	Average		Revenue/		Yield/			Average		Revenue/			Yield/
( in thousands)	Balance		Expense		Rate			Balance		Expense			Rate
Loans:
Residential real estate	$	2,124,470		58,121		5.47	%	$	2,198,636		59,692			5.43	%
Commercial real estate		1,249,615		36,522		5.85			1,402,559		58,139			8.29
Consumer		732,725		18,825		5.14			621,001		23,201			7.47
Commercial business		129,659		4,772		7.36			151,562		6,793			8.96
Small business		317,838		11,362		7.15			290,522		11,676			8.04
Total loans		4,554,307		129,602		5.69			4,664,280		159,501			6.84
Investments — tax exempt		—		—		—			397,410		11,648	(1)		5.86
Investments — taxable		1,065,268		31,837		5.98			616,873		19,202			6.23
Total interest earning assets		5,619,575		161,439		5.75	%		5,678,563		190,351			6.70	%
Goodwill and core deposit intangibles		75,560							76,960
Other non-interest earning assets		424,767							431,552
Total Assets	$	6,119,902						$	6,187,075
Deposits:
Savings	$	559,271		3,302		1.19	%	$	567,899		5,971			2.12	%
NOW		934,173		4,581		0.99			776,548		3,261			0.85
Money market		613,038		5,585		1.83			664,039		8,727			2.65
Certificates of deposit		954,605		19,633		4.14			977,674		22,517			4.64
Total deposits		3,061,087		33,101		2.17			2,986,160		40,476			2.73
Short-term borrowed funds		167,386		2,113		2.54			180,478		4,723			5.28
Advances from FHLB		1,406,790		27,379		3.91			1,374,900		36,826			5.40
Long-term debt		26,365		918		7.00			29,503		1,265			8.65
Total interest bearing liabilities		4,661,628		63,511		2.74			4,571,041		83,290			3.67
Demand deposits		866,834							989,490
Non-interest bearing other liabilities		47,298							53,495
Total Liabilities		5,575,760							5,614,026
Stockholder’s equity		544,142							573,049
Total liabilities and stockholder’s equity	$	6,119,902						$	6,187,075
Net interest income/net interest spread			$	97,928		3.01	%			$	107,061			3.03	%
Tax equivalent adjustment				—							(4,077	)
Net interest income				97,928							102,984
Margin
Interest income/interest earning assets						5.75	%							6.70	%
Interest expense/interest earning assets						2.27								2.96
Net interest margin						3.48	%							3.74	%

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

Bank Operations Business Segment
Allowance for Loan Loss and Credit Quality

																For the Six
	For the Three Months Ended															Months Ended
(in thousands)	6/30/2008			3/31/2008			12/31/2007			9/30/2007			6/30/2007			6/30/2008			6/30/2007
Allowance for Loan Losses
Beginning balance	$	83,396			94,020			92,358			54,754			50,373			94,020			43,602
Charge-offs:
Residential real estate		(1,027	)		(624	)		(255	)		(3	)		(52	)		(1,651	)		(203	)
Commercial real estate		(14,501	)		(40,591	)		(3,118	)		(9,444	)		—			(55,092	)		—
Commercial business		—			—			—			—			—			—			—
Consumer		(7,225	)		(4,836	)		(4,094	)		(1,689	)		(744	)		(12,061	)		(1,282	)
Small business		(464	)		(1,196	)		(534	)		(581	)		(1,001	)		(1,660	)		(1,439	)
Total charge-offs		(23,217	)		(47,247	)		(8,001	)		(11,717	)		(1,797	)		(70,464	)		(2,924	)
Recoveries:
Residential real estate		192			—			—			—			15			192			15
Commercial real estate		—			—			—			—			304			—			304
Commercial business		3			26			14			29			777			29			819
Consumer		130			88			49			120			81			218			248
Small business		119			61			85			223			84			180			312
Total recoveries		444			175			148			372			1,261			619			1,698
Net charge-offs		(22,773	)		(47,072	)		(7,853	)		(11,345	)		(536	)		(69,845	)		(1,226	)
Transfer specific reserves to Parent		—			(6,440	)		—			—			—			(6,440	)		—
Provision for loan losses		37,801			42,888			9,515			48,949			4,917			80,689			12,378
Ending balance	$	98,424			83,396			94,020			92,358			54,754			98,424			54,754
Annualized net charge-offs to average loans	%	2.04			4.06			0.67			0.97			0.05			3.07			0.05

	As of
	6/30/2008		3/31/2008		12/31/2007		9/30/2007		6/30/2007
Credit Quality
Nonaccrual loans	$	77,901		55,790		178,591		165,369		21,806
Nonaccrual tax certificates		2,309		2,013		2,094		1,140		711
Real estate owned		20,298		19,784		17,216		17,159		23,886
Other repossessed assets		—		—		—		—		—
Total nonperforming assets		100,508		77,587		197,901		183,668		46,403
Nonperforming assets to total loans and other assets	%	2.05		1.67		4.10		3.74		0.94
Allowance for loan losses to total loans	%	2.21		1.86		2.04		1.97		1.17
Provision to average loans	%	3.38		3.70		0.82		4.17		0.42
Allowance to nonaccrual loans	%	126.34		149.48		52.65		55.85		251.10
Nonperforming loans to total loans	%	1.75		1.25		3.87		3.53		0.47
Nonperforming assets to reserves and stockholder’s equity	%	15.50		12.46		31.45		29.11		7.47

Parent Company Business Segment Activities
Condensed Statements of Operations — Unaudited

																For the Six
	For the Three Months Ended															Months Ended
(in thousands)	6/30/2008			3/31/2008			12/31/2007			9/30/2007			6/30/2007			6/30/2008			6/30/2007
Net interest expense	$	(4,324	)		(5,374	)		(5,473	)		(5,476	)		(4,861	)		(9,698	)		(9,785	)
Provision for loan losses		9,446			—			—			—			—			9,446			—
Net interest income after provision for loan losses		(13,770	)		(5,374	)		(5,473	)		(5,476	)		(4,861	)		(19,144	)		(9,785	)
Non-interest income
Income from unconsolidated subsidiaries		140			162			174			167			159			302			940
Securities activities, net		7,005			(5,079	)		(4,024	)		594			8,601			1,926			9,535
Other		269			271			275			156			254			540			433
Non-interest income		7,414			(4,646	)		(3,575	)		917			9,014			2,768			10,908
Non-interest expense
Employee compensation and benefits		1,063			912			701			14			1,280			1,975			1,706
Advertising and business promotion		98			34			62			55			130			132			200
Professional fees		215			500			98			98			135			715			228
Other		290			229			300			173			324			519			647
Non-interest expense		1,666			1,675			1,161			340			1,869			3,341			2,781
(Loss) income from parent company activities before income taxes		(8,022	)		(11,695	)		(10,209	)		(4,899	)		2,284			(19,717	)		(1,658	)
(Benefit) provision for income taxes		(2,718	)		(4,112	)		(3,655	)		(2,401	)		961			(6,830	)		(138	)
Net (loss) income from parent company business segment	$	(5,304	)		(7,583	)		(6,554	)		(2,498	)		1,323			(12,887	)		(1,520	)

Condensed Statements of Financial Condition — Unaudited

	As of
(in thousands)	6/30/2008		3/31/2008		12/31/2007		9/30/2007		6/30/2007
ASSETS
Cash	$	17,261		27,624		9,163		12,540		28,332
Securities		18,664		28,864		185,724		201,155		193,979
Investment in subsidiaries		638,679		634,447		535,281		538,691		566,787
Investment in unconsolidated subsidiaries		8,820		8,820		8,820		8,839		8,685
Other assets		21,006		30,672		16,339		8,466		8,370
Total assets	$	704,430		730,427		755,327		769,691		806,153
LIABILITIES AND STOCKHOLDERS’ EQUITY
Subordinated debentures and notes payable	$	294,195		294,195		294,195		294,195		289,040
Other liabilities		2,029		2,336		1,811		3,607		4,389
Total liabilities		296,224		296,531		296,006		297,802		293,429
Stockholders’ equity		408,206		433,896		459,321		471,889		512,724
Total liabilities and stockholders’ equity	$	704,430		730,427		755,327		769,691		806,153

Parent Company Business Segment
Allowance for Loan Loss and Credit Quality

	For the Three					For the Six
Parent Company and Work-out Subsidiary	Months Ended					Months Ended
(in thousands)	6/30/2008			3/31/2008		6/30/2008
Allowance for Loan Losses
Beginning balance	$	6,440			—		—
Charge-offs		(8,184	)		—		(8,184	)
Specific reserves transfer from BankAtlantic		—			6,440		6,440
Provision for loan losses		9,446			—		9,446
Ending balance	$	7,702			6,440		7,702

	As of
	6/30/2008			3/31/2008
Credit Quality
Nonaccrual loans	$	90,412			101,493
Specific reserves		(7,702	)		(6,440	)
Nonaccrual loans, net	$	82,710			95,053

Consolidated BankAtlantic Bancorp and Subsidiaries
Nonperforming Assets and Credit Quality Statistics

	As of
(in thousands)	6/30/2008		3/31/2008
Nonperforming Assets
Commercial real estate	$	138,808		130,645
Residential		18,208		15,141
Consumer		4,495		4,374
Commercial business		5,638		6,231
Small business		1,165		893
Total nonaccrual loans		168,314		157,284
Nonaccrual tax certificates		2,309		2,013
Real estate owned		20,298		19,784
Other repossessed assets		—		—
Total nonperforming assets, gross	$	190,921		179,081
Credit Quality Statistics
Nonperforming assets, gross to total loans and other assets	%	3.83		3.77
Allowance for loan losses to total loans	%	2.33		1.96
Provision to average loans	%	4.13		3.70
Allowance to nonaccrual loans	%	63.05		57.12

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

																For the Six
		For the Three Months Ended														Months Ended
		6/30/2008			3/31/2008			12/31/2007			9/30/2007			6/30/2007		6/30/2008			6/30/2007
Earnings (in thousands):
Net (loss) income from continuing operations		$	(19,363	)		(24,564	)		(9,926	)		(29,610	)		11,728		(43,927	)		9,524
Net (loss) income		$	(19,363	)		(23,443	)		(9,926	)		(29,610	)		11,620		(42,806	)		17,336
Average Common Shares Outstanding (in thousands):
Basic			56,117			56,097			56,054			56,832			59,190		56,107			59,908
Diluted			56,117			56,097			56,054			56,832			59,929		56,107			60,922
Key Performance Ratios
Basic (loss) earnings per share from continuing operations		$	(0.35	)		(0.44	)		(0.18	)		(0.52	)		0.20		(0.78	)		0.16
Diluted (loss) earnings per share from continuing operations		$	(0.35	)		(0.44	)		(0.18	)		(0.52	)		0.20		(0.78	)		0.16
Basic (loss) earnings per share		$	(0.35	)		(0.42	)		(0.18	)		(0.52	)		0.20		(0.76	)		0.29
Diluted (loss) earnings per share		$	(0.35	)		(0.42	)		(0.18	)		(0.52	)		0.19		(0.76	)		0.28
Return on average tangible assets from continuing operations	(note 1)	%	(1.26	)		(1.57	)		(0.63	)		(1.85	)		0.74		(1.41	)		0.30
Return on average tangible equity from continuing operations	(note 1)	%	(21.63	)		(25.73	)		(9.96	)		(27.45	)		10.47		(23.75	)		4.24
Average Balance Sheet Data (in millions):
Assets		$	6,235			6,350			6,354			6,479			6,407		6,292			6,423
Tangible assets	(note 1)	$	6,160			6,274			6,278			6,402			6,330		6,217			6,344
Loans		$	4,571			4,642			4,654			4,693			4,678		4,607			4,644
Investments		$	1,138			1,191			1,172			1,244			1,194		1,164			1,168
Deposits and escrows		$	3,907			3,949			3,960			3,984			4,048		3,928			3,975
Stockholders’ equity		$	435			459			471			506			525		447			527
Tangible stockholders’ equity	(note 1)	$	358			382			399			431			448		370			449

Note:
(1)	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.

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

	June 30,			December 31,
(in thousands, except share data)	2008			2007
ASSETS
Cash and cash equivalents	$	308,554			124,574
Securities available for sale (at fair value)		759,023			925,363
Investment securities (approximate fair value: $2,036 and $44,688)		2,036			39,617
Financial instruments accounted for at fair value		13,257			10,661
Tax certificates net of allowance of $4,010 and $3,289		416,084			188,401
Loans receivable, net of allowance for loan losses of $106,126 and $94,020		4,442,529			4,524,188
Federal Home Loan Bank stock, at cost which approximates fair value		85,657			74,003
Real estate held for development and sale		23,254			33,741
Real estate owned		20,298			17,216
Office properties and equipment, net		222,484			243,863
Goodwill and other intangible assets		75,200			75,886
Other assets		146,599			121,304
Total assets	$	6,514,975			6,378,817
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits
Demand	$	891,142			824,211
NOW		939,714			900,233
Savings		526,303			580,497
Money market		621,899			624,390
Certificates of deposit		955,921			1,024,074
Total deposits		3,934,979			3,953,405
Advances from FHLB		1,657,036			1,397,044
Securities sold under agreements to repurchase		53,209			58,265
Federal funds purchased and other short term borrowings		75,000			108,975
Subordinated debentures and bonds payable		26,287			26,654
Junior subordinated debentures		294,195			294,195
Other liabilities		66,063			80,958
Total liabilities		6,106,769			5,919,496
Stockholders’ equity:
Common stock		562			561
Additional paid-in capital		218,922			216,692
Retained earnings		192,780			236,150
Total stockholders’ equity before accumulated other comprehensive (loss) income		412,264			453,403
Accumulated other comprehensive (loss) income		(4,058	)		5,918
Total stockholders’ equity		408,206			459,321
Total liabilities and stockholders’ equity	$	6,514,975			6,378,817

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

																For the Six
	For the Three Months Ended															Months Ended
(in thousands)	6/30/2008			3/31/2008			12/31/2007			9/30/2007			6/30/2007			6/30/2008			6/30/2007
INTEREST INCOME:
Interest and fees on loans	$	61,583			68,136			74,415			80,082			79,914			129,719			159,501
Interest on securities available for sale		10,553			10,490			8,075			4,835			4,628			21,043			9,189
Interest on tax exempt securities		—			14			1,266			3,838			3,800			14			7,596
Interest on tax certificates		4,926			3,565			3,939			4,589			3,768			8,491			7,777
Interest and dividends on taxable investments		1,425			1,527			1,727			1,552			1,665			2,952			3,252
Total interest income		78,487			83,732			89,422			94,896			93,775			162,219			187,315
INTEREST EXPENSE:
Interest on deposits		14,508			18,593			21,443			22,558			21,473			33,101			40,475
Interest on advances from FHLB		12,433			14,946			17,443			18,987			18,103			27,379			36,826
Interest on short-term borrowed funds		725			1,279			2,068			2,940			2,010			2,004			4,565
Interest on long-term debt		5,220			6,283			6,650			6,652			6,136			11,503			12,250
Total interest expense		32,886			41,101			47,604			51,137			47,722			73,987			94,116
NET INTEREST INCOME		45,601			42,631			41,818			43,759			46,053			88,232			93,199
Provision for loan losses		47,247			42,888			9,515			48,949			4,917			90,135			12,378
NET INTEREST INCOME AFTER PROVISION		(1,646	)		(257	)		32,303			(5,190	)		41,136			(1,903	)		80,821
NON-INTEREST INCOME:
Service charges on deposits		24,466			24,014			26,342			25,894			25,808			48,480			50,403
Other service charges and fees		7,121			7,433			7,171			7,222			7,524			14,554			14,557
Securities activities, net		8,965			(4,738	)		(3,163	)		1,207			8,813			4,227			10,368
Gain on sales of loans		129			76			68			88			138			205			338
Income from unconsolidated subsidiaries		287			1,275			337			348			669			1,562			1,815
Other		2,908			2,579			1,690			1,863			2,532			5,487			4,755
Total non-interest income		43,876			30,639			32,445			36,622			45,484			74,515			82,236
NON-INTEREST EXPENSE:
Employee compensation and benefits		33,181			35,155			37,922			34,258			37,908			68,336			78,998
Occupancy and equipment		16,172			16,386			17,026			16,954			15,927			32,558			31,871
Advertising and business promotion		3,662			4,895			5,659			4,276			4,209			8,557			10,067
Professional fees		2,219			2,760			3,067			2,542			1,368			4,979			3,081
Check losses		2,101			2,718			3,547			3,341			2,731			4,819			4,588
Supplies and postage		1,282			1,006			1,502			1,159			1,632			2,288			3,485
Telecommunication		1,331			1,502			1,348			1,286			1,556			2,833			2,937
Impairment, restructuring and exit activities		5,952			(115	)		5,681			11,005			1,122			5,837			3,675
Other		7,839			5,726			6,720			6,858			6,724			13,565			13,968
Total non-interest expense		73,739			70,033			82,472			81,679			73,177			143,772			152,670
(Loss) income from continuing operations before income taxes		(31,509	)		(39,651	)		(17,724	)		(50,247	)		13,443			(71,160	)		10,387
(Benefit) provision for income taxes		(12,146	)		(15,087	)		(7,798	)		(20,637	)		1,715			(27,233	)		863
(Loss) income from continuing operations		(19,363	)		(24,564	)		(9,926	)		(29,610	)		11,728			(43,927	)		9,524
Discontinued operations		—			1,121			—			—			(108	)		1,121			7,812
Net (loss) income	$	(19,363	)		(23,443	)		(9,926	)		(29,610	)		11,620			(42,806	)		17,336

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

		For the Three Months Ended
(in thousands except percentages and per share data)		6/30/2008			3/31/2008			12/31/2007			9/30/2007			6/30/2007
Loans:
Residential real estate		$	2,086,519			2,162,421			2,196,552			2,245,138			2,215,606
Commercial real estate			1,292,627			1,307,236			1,317,578			1,346,842			1,384,405
Consumer			743,123			722,327			697,764			662,320			635,370
Commercial business			129,332			131,770			132,677			134,390			147,026
Small business			319,096			318,588			309,322			304,388			295,483
Total Loans			4,570,697			4,642,342			4,653,893			4,693,078			4,677,890
Investments — taxable			1,137,831			1,186,441			1,036,382			841,486			795,156
Investments — tax exempt			—			4,314			135,961			402,482			399,160
Total interest earning assets			5,708,528			5,833,097			5,826,236			5,937,046			5,872,206
Goodwill and core deposit intangibles			75,401			75,718			76,068			76,419			76,784
Other non-interest earning assets			450,999			440,961			451,397			465,427			457,817
Total assets		$	6,234,928			6,349,776			6,353,701			6,478,892			6,406,807
Tangible assets	(note 1)	$	6,159,527			6,274,058			6,277,633			6,402,473			6,330,023
Deposits:
Demand deposits		$	878,864			854,534			885,006			922,293			989,259
Savings			552,094			566,448			589,966			611,862			605,939
NOW			941,964			926,381			830,898			792,462			782,018
Money market			617,013			609,062			638,041			660,925			677,545
Certificates of deposit			917,133			992,078			1,015,940			996,415			993,458
Total deposits			3,907,068			3,948,503			3,959,851			3,983,957			4,048,219
Short-term borrowed funds			148,407			163,124			182,134			225,034			151,656
FHLB advances			1,389,835			1,423,746			1,368,242			1,398,245			1,344,855
Long-term debt			320,469			320,650			321,885			318,762			293,489
Total borrowings			1,858,711			1,907,520			1,872,261			1,942,041			1,790,000
Other liabilities			34,023			34,673			50,554			46,805			43,465
Total liabilities			5,799,802			5,890,696			5,882,666			5,972,803			5,881,684
Stockholders’ equity			435,126			459,080			471,035			506,089			525,123
Total liabilities and stockholders’ equity		$	6,234,928			6,349,776			6,353,701			6,478,892			6,406,807
Other comprehensive income (loss) in stockholders’ equity			1,679			1,496			(3,562	)		(1,765	)		377
Tangible stockholders’ equity	(note 1)	$	358,046			381,866			398,529			431,435			447,962
Net Interest Margin			3.18	%		2.91	%		2.95	%		3.11	%		3.27	%
Period End
Total loans, net		$	4,442,529			4,483,305			4,524,188			4,586,625			4,618,690
Total assets			6,514,975			6,390,690			6,378,817			6,485,593			6,495,047
Total stockholders’ equity			408,206			433,896			459,321			471,889			512,724
Class A common shares outstanding			51,256,912			51,228,719			51,196,175			51,168,201			53,212,871
Class B common shares outstanding			4,876,124			4,876,124			4,876,124			4,876,124			4,876,124
Cash dividends			281,431			280,524			281,130			2,315,458			2,386,145
Common stock cash dividends per share			0.005			0.005			0.005			0.0412			0.0410
Closing stock price			1.76			3.91			4.10			8.67			8.61
High stock price for the quarter			4.15			5.80			9.60			9.25			11.25
Low stock price for the quarter			1.56			3.32			2.89			7.50			8.38
Book value per share			7.27			7.73			8.19			8.42			8.83