BankAtlantic Bancorp Reports Earnings for the Second Quarter 2005; Record Second Quarter Net Income -- an Increase of 34%; Record Diluted Earnings per Share -- Increased 31%.

FORT LAUDERDALE, Fla. -- BankAtlantic Bancorp, Inc. (NYSE:BBX), the parent company of BankAtlantic and Ryan Beck & Co., today announced financial results for the second quarter ended June 30, 2005. Net income increased 34% to $24.5 million for the second quarter 2005, up from $18.3 million earned in the 2004 quarter. Diluted earnings per share rose 31% to $0.38 in the quarter, up from $0.29 earned in the 2004 quarter. The 2005 quarter includes a $2.4 million after-tax impairment charge associated with a decision to vacate the Bank's former headquarters in conjunction with the opening of a new corporate headquarters building. Excluding the effect of this item, net income for the quarter would have increased 48% to $26.9 million and diluted earnings per share would have increased 45% to $0.42.

Chairman of the Board and Chief Executive Officer, Alan B. Levan commented, "This is an exciting time for our Company and we are very pleased with the outstanding results produced throughout the organization. At BankAtlantic, low cost deposits continued growth trends that we believe are among the very best in the industry, with total low cost deposits now exceeding $2 billion, compared to approximately $600 million less than four years ago. Credit quality remained high. Tax equivalent net interest margin grew to 3.90% during the second quarter compared with 3.73% in the 2004 period, and 3.88% in the immediately preceding quarter. Total loans grew 25% to $4.8 billion at quarter end, up from $3.9 billion at the end of the second quarter of 2004. Most of this loan growth occurred in late 2004, and we anticipate continuing to focus on the gradual reduction of borrowings through future growth in low cost deposits. Moreover, Ryan Beck & Co. had an exceptional quarter - completing the largest single transaction in its history, while delivering solid results from all business segments. Ryan Beck's income for the quarter rose 86% to $13.0 million and total revenues increased 33% to $87.4 million vs. the corresponding 2004 period.

Additional accomplishments and highlights include:

"BankAtlantic's 'Florida's Most Convenient Bank' initiative continues to drive impressive growth in new customers and accounts. Since January 2002, BankAtlantic has opened nearly a half million new checking and savings accounts, including nearly 49,000 in the second quarter of 2005. Balances in low cost deposits -Demand, Savings and NOW accounts -- increased 23% over the second quarter of 2004 to a total of $2.0 billion at quarter-end, and on a "same store" basis the increase was 23.3%. At December 31, 2001, immediately preceding the initiation of the 'Florida's Most Convenient Bank' program, BankAtlantic had $602 million in low cost deposits. Non-interest bearing demand deposits now constitute 28% of deposit funding, up from 24% a year ago, and 13% before the initiation of the program. The steady increases in core deposits continue to surpass our initial goals and confirm our belief that customers value the convenience and service offered by BankAtlantic.

The following table provides comparative data on Period-end Balances:

Low Cost Deposit Period-end Balances

Annual
In Millions
-----------
                                      2004         2003        Change
                                      ----         ----        ------
Checking (DDA/NOW)                  $1,549.1     $1,179.2     + 31.4%
Savings                               $270.0       $209.0     + 29.2%
   Total                            $1,819.1     $1,388.2     + 31.0%

Quarterly
In Millions
-----------
                                     2Q'05        2Q'04        Change
                                     -----        -----        ------
Checking (DDA/NOW)                  $1,700.3     $1,372.6     + 23.9%
Savings                               $302.7       $251.2     + 20.5%
   Total                            $2,003.0     $1,623.8     + 23.4%

"Although the yield curve has been relatively flat in recent periods, BankAtlantic has continued to realize improvements in its net interest margin (NIM). This continued improvement in NIM reflects a combination of several factors, including the sustained growth of low cost deposits, which are more beneficial in higher rate periods, the repayment of certain high cost FHLB advances in prior periods, and higher earning asset yields. As we have noted before, while a prolonged flattening of the yield curve may temper continued improvements in NIM, we believe BankAtlantic could potentially continue to realize some further margin improvement in a rising interest rate environment.

"Credit quality remained strong in the second quarter, with the ratio of non-performing loans to total loans decreasing from 0.14% at March 31, 2005 to 0.12% at June 30, 2005. The ratio of non-performing assets to total loans plus other real estate was also favorable, declining slightly from 0.17% at March 31, 2005 to 0.16% at June 30, 2005. During the second quarter, the Bank had net charge-offs of $212,000, compared to net recoveries of $948,000 for the immediately preceding quarter, and a provision for loan losses of $820,000 compared to a negative provision of $3.9 million. On a year-to-date basis, net recoveries were $736,000 and the provision a negative of $3.1 million. As a result of the continuing improvement in credit quality, the ratio of Allowance for Loan Losses declined slightly from 0.92% at March 31, 2005 to 0.90% at June 30, 2005.

"We continue to address compliance with the USA Patriot Act, anti-money laundering laws and the Bank Secrecy Act. Our compliance improvements include revised technology and systems and procedures, and a substantial increase to compliance staffing. The 2005 run-rate impact of these on-going compliance-related costs is estimated to be $2.5 million annually. As indicated earlier, we cannot predict whether or to what extent monetary or other penalties or restrictions might be imposed upon us by regulators or other federal agencies relating to these previously identified compliance deficiencies.

"BankAtlantic's 'Yeah, We're Open' advertising campaign received national recognition as a Telly Award's Bronze Finalist for two television commercials, and a Stevie Awards best radio ad campaign for our radio commercials.

"Ryan Beck & Co. During the quarter, Ryan Beck's financial institutions group announced or completed fourteen deals, including the Hudson City Savings Bank de-mutualization transaction, in which Ryan Beck served as joint lead manager on the syndicated offering and sole manager on the subscription offering. The Hudson City transaction was the seventh largest equity raise ever completed in U.S. markets, and was the largest single transaction in Ryan Beck's history. In the Hudson City transaction, 393 million shares of stock were issued and a total of $3.9 billion was raised. In addition, Ryan Beck's middle market investment banking group completed four transactions during the second quarter of 2005.

"As a result, Ryan Beck delivered extremely strong results during the quarter. Net income rose 86% to $13.0 million for the quarter, vs. $7.0 million in 2004, and total revenues increased 33% to $87.4 million vs. $65.9 million. Revenues from the Capital Markets Group increased 157% to $25.5 million, up from $9.9 million in the 2004 quarter, and Investment Banking division revenue improved 38% to $23.4 million, up from $17.0 million in the 2004 quarter. Key performance ratios for the second quarter also improved dramatically. Return on average tangible equity increased to a record 60.80%, up from 36.69% in the second quarter 2004.

"Ryan Beck's 'Kronos Fund,' its new internally-managed hedge fund, was introduced during the second quarter. The Kronos Fund strives to deliver positive returns under most market conditions utilizing a blended long/short equity strategy, quantitative model, and sector rotation techniques.

"Designed to improve the overall visibility and branding power of the firm and its products and services, Ryan Beck's no-nonsense advertising campaign, 'Let's Get Down to Work,' ran throughout the metropolitan New York, New Jersey, Long Island, and Connecticut markets."

Financial Highlights:

         Second Quarter, 2005 Compared to Second Quarter, 2004

BankAtlantic Bancorp - consolidated:

    --  Net income of $24.5 million vs. $18.3 million, an increase of
        34%. Excluding the impairment charge relating to the former
        headquarters building, net income would have been $26.9
        million, an increase of 48%.

    --  Diluted earnings per share of $0.38 vs. $0.29, an increase of
        31%. Excluding the impairment charge, earnings per share would
        have been $0.42, an increase of 45%.

    --  Return on average tangible equity was 23.98%.

    --  Book value per share rose to $8.42.

BankAtlantic:

    --  Business segment net income was $14.8 million vs. $14.4
        million. Excluding the impairment charge, net income would
        have been $17.2 million, a 19% increase.

    --  Return on average tangible assets was 0.96% and return on
        average tangible equity was 12.74%. Excluding the impairment
        charge, these ratios would have been 1.11% and 14.82%,
        respectively.

    --  The tax equivalent net interest margin increased to 3.90% vs.
        3.73%.

    --  Non-interest income was $25.0 million vs. $22.2 million, an
        increase of 13%.

    --  Non-interest expense grew to $58.3 million vs. $42.9 million,
        an increase of 36%.

Ryan Beck & Co.:

    --  Business segment income increased to $13.0 million vs. $7.0
        million, an increase of 86%.

    --  Annualized return on average tangible equity was 60.8%.

    --  Total operating revenues increased to $87.4 million vs. $65.9
        million.

    --  Principal transactions were $36.7 million vs. $21.7 million.

    --  Investment banking revenue increased to $25.4 million vs.
        $18.0 million.

    --  Commission income was $19.5 million vs. $22.2 million.



            Year-to-Date 2005 Compared to Year-to-Date 2004

BankAtlantic Bancorp - consolidated:

    --  Net income of $44.4 million vs. $38.8 million. Excluding the
        2005 impairment charge and in 2004, a gain of $22.8 million
        from a litigation settlement and $11.7 million of expense
        resulting from early redemption of debt, net income would have
        been $46.8 million vs. $31.6 million, an increase of 48%.

    --  Diluted earnings per share of $0.69 vs. $0.61. Excluding the
        effects of the above items, diluted earnings per share were
        $0.73 vs. $0.49, an increase of 49%.

    --  Annualized return on average tangible equity was 22.12%.

BankAtlantic:

    --  Business segment net income was $35.6 million vs. $18.1
        million, an increase of 97%. Excluding the items indicated in
        the first comment on year-to-date highlights, net income would
        have been $38.0 million vs. $25.8 million, an increase of 48%.

    --  Return on average tangible assets was 1.17% and return on
        average tangible equity was 15.62%. Excluding the impairment
        charge, these ratios would have been 1.25% and 16.67%,
        respectively.

    --  Tax equivalent net interest margin increased to 3.89% vs.
        3.73%.

    --  Non-interest income was $48.5 million vs. $40.4 million, an
        increase of 20%.

    --  Non-interest expense grew to $108.6 million vs. $96.4 million,
        an increase of 13%.

Ryan Beck & Co.:

    --  Business segment income increased to $15.6 million vs. $12.1
        million, an increase of 28%.

    --  Return on average tangible equity was 36.4%.

    --  Total operating revenues increased to $145.0 million vs.
        $131.7 million.

    --  Principal transactions were $56.5 million vs. $46.1 million.

    --  Investment banking revenue increased to $37.3 million vs.
        $30.7 million.

    --  Commission income was $39.8 million vs. $47.6 million.

BankAtlantic Bancorp will host its second quarter 2005 investor and media teleconference call and webcast on Wednesday, July 20, 2005, 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 to call is 1-800-968-8156. International calls may be placed to 706-634-5752. Domestic and international callers may reference PIN number 7296660.

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, August 19, 2005. 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 7296660.

Webcast Information:

Alternatively, individuals may listen to the live and/or archived webcast of the teleconference call. To listen to the webcast, visit http://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, August 19, 2005.

BankAtlantic Bancorp's second quarter, 2005 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), are available on its website at: http://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 second quarter, 2005 earnings results press release and financial summary, and the Supplemental Financials are also 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 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 throughout Florida and its online banking division - BankAtlantic.com. BankAtlantic has 76 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 39 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 Groups, Ryan Beck raises capital and provides financial advisory services to financial institutions, middle market companies, and municipalities.

For further information, please visit our websites:

   http://www.BankAtlanticBancorp.com
   http://www.BankAtlantic.com
   http://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: http://www.BankAtlanticBancorp.com.

BankAtlantic Bancorp Contact Info:
Donna Rouzeau,
Assistant Vice President, Investor Relations & Corporate
Communications
Email: [e-mail]
Leo Hinkley,
Senior Vice President, Investor Relations
Email: [e-mail]

Phone: [phone], Fax: [phone]

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: [phone], Fax: [phone]
Email: [e-mail]

Public Relations for BankAtlantic:
Boardroom Communications
Caren Berg
Phone: [phone], Fax: [phone]
Email: [e-mail]

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; 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 and the value of our assets; BankAtlantic's seven-day banking initiative and other growth initiatives not producing results which justify their costs; the impact of periodic testing of goodwill and other intangible assets for impairment; as well as our ability to and the costs associated with the correction of compliance deficiencies associated with the USA Patriot Act, anti-money laundering laws and the Bank Secrecy Act, and whether or to what extent monetary or other restrictions or penalties relating to these compliance deficiencies will be imposed on the Company by regulators or other federal agencies. 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 rates 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 and its effects on the volume of its business and the value of its securities positions and portfolio, as well as its revenue mix, and the success of new lines of business; and additional risks and uncertainties that are subject to change and may be outside of Ryan Beck's control. 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.

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

                                                         For the Six
                        For The Three Months Ended       Months Ended
                    ---------------------------------    -------------
                     6/30/  3/31/  12/31/  9/30/ 6/30/   6/30/  6/30/
                     2005   2005    2004   2004  2004    2005   2004
                     ----   ----   ------  ----- -----   ----   ----
Earnings
 (in thousands):
 Net income
 (GAAP basis)       $24,537 19,878 17,293 14,691 18,260 44,415 38,784
 Operating net
  income (a)
  (note 1)          $26,946 19,878 17,293 14,691 18,260 46,824 31,631

Average Common
 Shares
 Outstanding
 (in thousands):
  Basic              60,453 60,072 59,827 59,687 59,344 60,263 59,301
  Diluted            63,161 63,207 63,156 63,110 62,808 63,176 62,979

Key Performance
 Ratios (GAAP basis):
  Basic earnings
   per share        $  0.41   0.33   0.29   0.25   0.31   0.74   0.65
  Diluted earnings
   per share (b)    $  0.38   0.31   0.27   0.23   0.29   0.69   0.61
  Return on average
   tangible assets
   (note 2)         %  1.51   1.27   1.19   1.09   1.48   1.39   1.61
  Return on average
   tangible equity
   (note 2)         % 23.98  20.20  18.34  16.18  21.18  22.12  23.17

Key Performance
 Ratios (Operating
 basis):
  Basic earnings
   per share        $  0.45   0.33   0.29   0.25   0.31   0.78   0.53
  Diluted earnings
   per share (b)    $  0.42   0.31   0.27   0.23   0.29   0.73   0.49
 Return on average
  tangible assets
  (note 2)          %  1.66   1.27   1.19   1.09   1.48   1.47   1.31
 Return on average
  tangible equity
  (note 2)          % 26.33  20.20  18.34  16.18  21.18  23.32  18.90

(b) Diluted earnings
     per share
     calculation
     deducts (in
     thousands):
    Subsidiaries
     stock options,
     if dilutive    $  (665)  (120)   (51)  (152)  (273)  (785)  (472)

Average Balance
 Sheet Data (in
  millions):
 Assets             $ 6,565  6,355  5,877  5,478  5,023  6,460  4,907
 Tangible assets
  (note 2)          $ 6,479  6,268  5,790  5,390  4,935  6,375  4,819
 Loans              $ 4,802  4,668  4,359  4,032  3,777  4,735  3,754
 Investments        $ 1,306  1,242  1,076  1,018    819  1,274    744
 Deposits and
  escrows           $ 3,658  3,557  3,371  3,283  3,205  3,608  3,135
 Stockholders'
  equity            $   490    480    468    452    436    485    430
 Tangible
  stockholders'
  equity (note 2)   $   409    394    377    363    345    402    335


Notes:

(1) Operating net income is defined as GAAP net income adjusted for
gain from a litigation settlement, costs associated with debt
redemptions and an impairment charge relating to BankAtlantic's former
headquarter facility, net of tax.

(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.

(a) 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.

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


 (In thousands, except share data)   6/30/2005  12/31/2004  6/30/2004
                                     ---------- ----------- ----------

ASSETS
Cash and due from banks             $  159,173     118,967    132,927
Short term investments                   5,783      16,093        399
Securities available for sale (at
 fair value)                           749,188     747,160    694,554
Securities owned (at fair value)       109,095     125,443    120,953
Investment securities and tax
 certificates (approximate fair
 value: $403,951,
   $306,963 and $194,046)              402,430     307,438    194,046
Loans receivable, net of allowance
 for loan losses of $43,650, $46,010
 and $46,737                         4,803,529   4,599,048  3,899,099
Federal Home Loan Bank stock, at
 cost which approximates fair value     88,362      78,619     44,154
Accrued interest receivable             41,270      35,982     27,864
Real estate held for development and
 sale                                   23,982      27,692     25,077
Investments and advances in
 unconsolidated subsidiaries             7,910       7,910      7,910
Office properties and equipment, net   135,012     129,790    106,105
Deferred tax asset, net                 22,636      20,269     22,288
Goodwill                                76,674      76,674     76,674
Core deposit intangible asset            9,197      10,270     11,121
Due from clearing agent                 22,091      16,619     16,048
Other assets                            61,344      38,803     49,159
                                     ---------- ----------- ----------
         Total assets               $6,717,676   6,356,777  5,428,378
                                     ========== =========== ==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Deposits
  Demand                            $1,039,611     890,398    787,819
  NOW                                  660,633     658,137    584,658
  Savings                              302,677     270,001    251,218
  Money market                         899,364     875,422    906,865
  Certificates of deposit              789,533     763,244    719,545
                                     ---------- ----------- ----------
Total deposits                       3,691,818   3,457,202  3,250,105
Advances from FHLB                   1,695,265   1,544,497    883,727
Securities sold under agreements to
 repurchase                            246,360     296,643    374,824
Federal funds purchased                109,500     105,000     20,000
Subordinated debentures, notes and
 bonds payable                          35,232      37,741     36,395
Junior subordinated debentures         263,266     263,266    263,266
Securities sold but not yet
 purchased                              28,184      39,462     51,321
Other liabilities                      137,657     143,701    108,406
                                     ---------- ----------- ----------
         Total liabilities           6,207,282   5,887,512  4,988,044
                                     ---------- ----------- ----------
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
 55,766,653, 55,214,225 and
 54,903,283 shares                         558         552        549
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             260,829     259,702    258,258
Unearned compensation - restricted
 stock grants                             (916)     (1,001)    (1,090)
Retained earnings                      251,129     210,955    183,170
                                     ---------- ----------- ----------
Total stockholders' equity before
 accumulated other comprehensive
 income                                511,649     470,257    440,936
Accumulated other comprehensive
 income (loss)                          (1,255)       (992)      (602)
                                     ---------- ----------- ----------
         Total stockholders' equity    510,394     469,265    440,334
                                     ---------- ----------- ----------
         Total liabilities and
          stockholders' equity      $6,717,676   6,356,777  5,428,378
                                     ========== =========== ==========
BankAtlantic Bancorp, Inc. and Subsidiaries
           Consolidated Statements of Operations (unaudited)

                                                         For the Six
                     For The Three Months Ended         Months Ended
                 ---------------------------------      -------------
                  6/30/  3/31/  12/31/  9/30/  6/30/    6/30/  6/30/
(in thousands)    2005   2005    2004   2004   2004     2005   2004
                  ----   ----   ------  -----  -----    ----   ----
INTEREST
INCOME:
 Interest and
  fees on
  loans        $ 71,099  66,355  60,088 52,661 48,034 137,454  96,970
 Interest on
  securities
  available
  for sale        5,258   5,295   4,905  4,974  4,584  10,553   8,204
 Interest on
  tax exempt
  securities      3,769   3,225   2,076  1,329    610   6,994     643
 Interest and
  dividends
  on investments
  and securities
  owned           7,932   7,311   7,377  7,409  6,879  15,243  13,919
               -------- ------- ------- ------ ------ ------- -------
  Total
   interest
   income        88,058  82,186  74,446 66,373 60,107 170,244 119,736
               -------- ------- ------- ------ ------ ------- -------

INTEREST
EXPENSE:
 Interest on
  deposits        9,534   8,295   7,534  7,060  6,788  17,829  13,761
 Interest on
  advances
  from FHLB      15,604  13,674  11,458  9,364  7,769  29,278  16,867
 Interest on
  short-term
  borrowed funds  2,646   2,099   1,356    953    632   4,745     882
 Interest on
  long-term
  debt            6,316   5,672   5,112  5,034  4,912  11,988   9,739
 Capitalized
  interest on
  real estate
  developments     (437)   (452)   (390)  (355)  (346)   (889)   (653)
               -------- ------- ------- ------ ------ ------- -------

  Total
   interest
   expense       33,663  29,288  25,070 22,056 19,755  62,951  40,596
               -------- ------- ------- ------ ------ ------- -------

NET
INTEREST INCOME  54,395  52,898  49,376 44,317 40,352 107,293  79,140
Provision
 (recovery) for
 loan losses        820  (3,916) (4,004) 1,717 (1,963) (3,096) (2,822)
               -------- ------- ------- ------ ------ ------- -------

NET INTEREST
 INCOME AFTER
 PROVISION       53,575  56,814  53,380 42,600 42,315 110,389  81,962
               -------- ------- ------- ------ ------ ------- -------
NON-INTEREST
INCOME:
 Service charges
  on deposits    14,744  12,989  13,637 13,493 13,028  27,733  24,305
 Other service
  charges and
  fees            5,849   5,238   6,733  5,819  6,431  11,087  11,068
 Broker/dealer
  revenue        83,915  54,686  53,061 52,670 63,008 138,601 126,073
 Securities
  activities,
  net                90     102   3,653      2      3     192      75
 Litigation
  settlement          -       -       -      -      -       -  22,840
 Gain on sales
  of loans          116     110     152     86    116     226     245
 Income from
  real estate
  operations      1,655   2,241     517    900    683   3,896     988
 Income from
  unconsolidated
  subsidiaries      137     131     126    123    118     268     236
 Other            2,697   3,173   2,026  2,081  1,958   5,870   3,880
               -------- ------- ------- ------ ------ ------- -------

  Total
   non-interest
   income       109,203  78,670  79,905 75,174 85,345 187,873 189,710
               -------- ------- ------- ------ ------ ------- -------

NON-INTEREST
EXPENSES:
 Employee
  compensation
  and benefits   78,391  65,795  65,354 58,992 63,538 144,186 130,718
 Occupancy and
  equipment      13,953  13,237  14,753 11,782 11,236  27,190  21,611
 Impairment on
  bank
  facilities      3,706       -       -      -      -   3,706       -
 Advertising
  and promotion   8,069   6,298   5,955  4,757  5,630  14,367  10,324
 Professional
   fees           4,316   4,081   7,245  4,736  2,997   8,397   6,226
 Communications   3,508   3,205   3,301  3,182  2,916   6,713   6,044
 Floor broker
  and clearing
  fees            2,012   2,368   2,452  2,143  2,438   4,380   5,240
 Cost associated
  with debt
  redemption          -       -       -      -      -       -  11,741
 Other           10,188   9,801   8,460  9,025  9,147  19,989  18,012
               -------- ------- ------- ------ ------ ------- -------

  Total
   non-interest
   expenses     124,143 104,785 107,520 94,617 97,902 228,928 209,916
               -------- ------- ------- ------ ------ ------- -------
Income before
 income taxes    38,635  30,699  25,765 23,157 29,758  69,334  61,756
Provision for
 income taxes    14,098  10,821   8,472  8,466 11,498  24,919  22,972
               -------- ------- ------- ------ ------ ------- -------
GAAP net
 income        $ 24,537  19,878  17,293 14,691 18,260  44,415  38,784
               ======== ======= ======= ====== ======= ====== =======

Reconciliation
of Operating
and GAAP
Net Income
--------------
GAAP net
 income        $ 24,537  19,878  17,293 14,691 18,260  44,415  38,784
Impairment on
 bank
 facilities       2,409       -       -      -      -   2,409       -
Costs associated
 with debt
 redemption           -       -       -      -      -       -   7,632
Litigation
 settlement           -       -       -      -      -       - (14,785)
               -------- ------- ------- ------ ------ ------- -------
Operating net
 income
 (note 1)      $ 26,946  19,878  17,293 14,691 18,260  46,824  31,631
               ======== ======= ======= ====== ======= ====== =======
BankAtlantic Bancorp, Inc. and Subsidiaries
            Consolidated Average Balance Sheet (unaudited)


(in thousands except
 percentages and
 per share                    For the three months ended
 data)          6/30/2005  3/31/2005  12/31/2004  9/30/2004  6/30/2004

Loans:
 Residential
  real estate  $ 2,262,214  2,085,473  1,812,018  1,583,353  1,386,482
 Commercial
  real estate    1,731,243  1,764,927  1,743,952  1,670,928  1,650,763
 Consumer          505,338    487,746    467,716    438,205    403,824
 Lease
  financing          4,710      6,242      8,219      9,738     11,526
 Commercial
  business          91,756    128,372    136,391    142,022    142,686
 Small business    206,272    195,733    190,849    187,536    182,171
                ---------- ---------- ---------- ---------- ----------
   Total Loans   4,801,533  4,668,493  4,359,145  4,031,782  3,777,452
Investments -
 taxable           899,134    877,003    823,903    845,286    745,854
Investments -
 tax exempt        406,403    364,824    251,699    172,328     72,958
                ---------- ---------- ---------- ---------- ----------
Total interest
 earning
 assets          6,107,070  5,910,320  5,434,747  5,049,396  4,596,264
Goodwill and
 core deposit
 intangibles        86,095     86,791     87,164     87,591     88,034
Other
 non-interest
 earning assets    371,549    358,024    354,815    340,979    338,507
                ---------- ---------- ---------- ---------- ----------

Total assets   $ 6,564,714  6,355,135  5,876,726  5,477,966  5,022,805
                ========== ========== ========== ========== ==========
Tangible assets
 (note 2)      $ 6,478,619  6,268,344  5,789,562  5,390,375  4,934,771
                ========== ========== ========== ========== ==========

Deposits:
 Demand
  deposits     $   981,643    912,897    845,797    791,639    754,975
 Savings           301,331    281,512    262,549    250,286    242,506
 NOW               685,769    664,313    622,308    590,787    586,259
 Money market      906,514    921,382    903,602    931,596    912,065
 Certificates
  of deposit       782,335    777,353    736,704    718,826    709,523
                ---------- ---------- ---------- ---------- ----------
   Total
    deposits     3,657,592  3,557,457  3,370,960  3,283,134  3,205,328
Short-term
 borrowed funds    359,861    352,911    266,840    283,011    269,423
FHLB advances    1,615,310  1,536,434  1,339,051  1,036,651    696,661
Long-term debt     299,075    300,551    299,741    299,596    299,931
                ---------- ---------- ---------- ---------- ----------
Total
 borrowings      2,274,246  2,189,896  1,905,632  1,619,258  1,266,015
Other
 liabilities       142,617    128,233    132,047    123,750    115,610
                ---------- ---------- ---------- ---------- ----------
Total
 liabilities     6,074,455  5,875,586  5,408,639  5,026,142  4,586,953
                ---------- ---------- ---------- ---------- ----------
Stockholders'
 equity            490,259    479,549    468,087    451,824    435,852
                ---------- ---------- ---------- ---------- ----------
Total
 liabilities
 and
 stockholders'
 equity        $ 6,564,714  6,355,135  5,876,726  5,477,966  5,022,805
                ========== ========== ========== ========== ==========

Other
 comprehensive
 income (loss)
 in
 stockholders'
 equity        $    (5,119)      (949)     3,656      1,065      2,986
                ---------- ---------- ---------- ---------- ----------
   Tangible
    stockholders'
    equity
   (note 2)    $   409,283    393,707    377,267    363,168    344,832
                ========== ========== ========== ========== ==========

Period End
Total loans,
 net           $ 4,803,529  4,637,232  4,599,048  4,176,571  3,899,099
Total assets     6,717,676  6,418,351  6,356,777  5,678,612  5,428,378
Total
 stockholders'
 equity            510,394    480,981    469,265    459,489    440,334
Common shares
 outstanding    60,642,777 60,542,092 60,090,349 59,874,084 59,779,407
Cash dividends   2,122,497  2,118,973  2,103,164  2,095,600  1,972,775
Common stock
 cash dividends
 per share           0.035      0.035      0.035      0.035      0.033
Closing stock
 price               18.95      17.40      19.90      18.32      18.45
High stock
 price for
 the quarter         19.15      20.00      20.08      19.25      18.53
Low stock
 price for
 the quarter         16.51      17.02      16.06      17.40      14.37
Book value
 per share            8.42       7.94       7.81       7.67       7.37