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The Miami Herald Florida Business Briefs Column.
Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News) Publication Date: 26-APR-00 |
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COPYRIGHT 2000 The Miami Herald
Apr. 26--BANKATLANTIC PROFITS DROP 12.5 PERCENT IN QUARTER: BankAtlantic Bancorp (BANC), parent of BankAtlantic, Tuesday reported a 12.5 percent decline in earnings compared with the same period in 1999. Net income for the current quarter includes a $3.5 million extraordinary gain from the early extinguishment of debt.
The Fort Lauderdale bank's net interest margin -- the difference between what it earns on loans and investments and pays for deposits and other funds -- declined to 3.07 percent from 3.11 percent because of higher costs of funds for deposits and borrowing.
The bank also increased its...
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