FORT LAUDERDALE - BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) ('BBX Capital' or the 'Company') reported today its financial results for the first quarter of 2024.
Selected highlights of BBX Capital's consolidated financial results include: First Quarter 2024 Compared to First Quarter 2023
Total consolidated revenues of $81.0 million vs. $95.0 million
Loss before income taxes of $(15.4) million vs. income before taxes of $9.2 million
Net loss attributable to shareholders of $(13.0) million vs. net income attributable to shareholders of $7.9 million
Diluted loss per share of ($0.94) vs. diluted earnings per share of $0.55
Balance Sheet as of March 31, 2024
Cash and cash equivalents of $108.2 million (including $3.1 million held in variable interest entities)
Securities available for sale of $30.6 million
Total consolidated assets of $657.9 million
Total shareholders' equity of $299.3 million
Fully diluted book value per share of $20.20 (1)
Fully diluted book value per share is shareholders' equity divided by the number of BBX Capital's Class A and Class B common shares and unvested restricted stock awards outstanding on March 31, 2024.
Additional Information
For more complete and detailed information regarding BBX Capital and its financial results, business, operations, investments, and risks, please see BBX Capital's Quarterly Report on Form 10-Q for the quarter ended March 31, 2024, which will be available on the SEC's website, https://www.sec.gov, and on BBX Capital's website, www.BBXCapital.com on May 10, 2024.
About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based diversified holding company whose principal holdings include BBX Capital Real Estate, BBX Sweet Holdings, and Renin.
Contact:
Leslie Martinez
Investor Relations
Tel: 954-940-5300
Email: investorrelations@BBXCapital.com
Kip Hunter
Kip Hunter Marketing
Tel: 954-303-5551
Email: kip@kiphuntermarketing.com
BBX CAPITAL, INC. 
