secwatch / observer

BBX Capital, Inc. — fact timeline

Source-grounded facts extracted from BBX Capital, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

BBXIB BBX Capital, Inc. JSON
Earnings Releases

BBX Capital, Inc. reported the first quarter of 2024 results: revenue $81.0 million, net income $(13.0) million, EPS ($0.94).

“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”
Earnings Releases

BBX Capital, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $96.1 million, net income $(12.9) million, EPS $(0.88).

“BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the fourth quarter and year ended December 31, 2023 . Selected highlights of BBX Capital’s consolidated financial results include: Fourth Quarter 2023 Compared to Fourth Quarter 2022 ● Total consolidated revenues of $96.1 million vs. $107.6 million ● Loss before income taxes of $(15.1) million vs income before income taxes of $22.5 million ● Net loss attributable to shareholders of $(12.9) million vs. net income attributable to shareholders of $15.4 million ● Diluted loss per share of $(0.88) vs. diluted earnings per share of $0.99”
Earnings Releases

BBX Capital, Inc. reported third quarter of 2023 results: revenue $103.3 million, net income $(7.8) million, EPS $(0.55).

“BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the third quarter of 2023. Selected highlights of BBX Capital’s consolidated financial results include: Third Quarter 2023 Compared to Third Quarter 2022 ● Total consolidated revenues of $103.3 million vs. $75.2 million ● Loss before income taxes of $(7.1) million vs. income before taxes of $6.5 million ● Net loss attributable to shareholders of $(7.8) million vs. net income attributable to shareholders of $4.0 million ● Diluted loss per share of $(0.55) vs. diluted earnings per share of $0.26”
Debt Financings

BBX Capital, Inc. amended credit facility of temporarily increase availability under the revolving line of credit from $22.0 million to $24.5 million with The Toronto-Dominion Bank.

“On October 5, 2023, the TD Bank Credit Facility was further amended to, among other things, temporarily increase availability under the revolving line of credit from $22.0 million to $24.5 million through November 2023.”
Earnings Releases

BBX Capital, Inc. reported the second quarter of 2023 results: revenue $106.8 million, net income $(8.0) million, EPS $(0.56) per diluted share.

“BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the second quarter of 2023. Selected highlights of BBX Capital’s consolidated financial results include: Second Quarter 2023 Compared to Second Quarter 2022 ● Total consolidated revenues of $106.8 million vs. $83.7 million ● Loss before income taxes of $(8.7) million vs. income before taxes of $16.6 million ● Net loss attributable to shareholders of $(8.0) million vs. net income attributable to shareholders of $10.5 million ● Diluted loss per share of $(0.56) vs. diluted earnings per share of $0.68”
Shareholder Votes

BBX Capital, Inc. shareholders approved Election of twelve director candidates nominated for election by the Company's Board of Directors, each for a term expiring at the Company's 2024 Annual Meeting of Shareholders at the 2023-05-16 meeting.

“Proposal 1: Election of Directors Director Nominee Votes For Votes Withheld Broker Non- Votes Alan B. Levan 43,964,868 1,401,842 N/A John E. Abdo 43,964,888 1,401,822 N/A Jarett S. Levan 43,972,284 1,394,426 N/A Seth M. Wise 43,976,972 1,389,738 N/A Marcia Barry-Smith 43,967,954 1,398,756 N/A Norman H. Becker 44,154,633 1,212,077 N/A Andrew R. Cagnetta, Jr. 43,972,990 1,393,720 N/A Steven M. Coldren 43,963,984 1,402,726 N/A Gregory A. Haile 43,972,501 1,394,209 N/A Willis N. Holcombe 44,161,870 1,204,840 N/A Anthony P. Segreto 43,970,345 1,396,365 N/A Neil Sterling 43,972,382 1,394,328 N/A”
Earnings Releases

BBX Capital, Inc. reported the three months ended March 31, 2023 results: revenue $95.0 million, net income $7.9 million, EPS $0.55.

“Selected highlights of BBX Capital’s consolidated financial results include: First Quarter 2023 Compared to First Quarter 2022 ● Total consolidated revenues of $95.0 million vs. $75.5 million ● Income before income taxes of $9.2 million vs. a loss before income taxes of $(2.8) million ● Net income attributable to shareholders of $7.9 million vs. a net loss attributable to shareholders of $ (1.8) million ● Diluted earnings per share of $0.55 vs. a diluted loss per share of $ (0.12)”
Earnings Releases

BBX Capital, Inc. reported the year ended December 31, 2022 results: revenue $342.0 million, net income $28.0 million, EPS $1.81.

“Year Ended December 31, 2022 Compared to the Year Ended December 31, 2021 ● Total consolidated revenues of $342.0 million vs. $313.6 million ● Income before income taxes of $42.8 million vs. $64.2 million ● Net income attributable to shareholders of $28.0 million vs. $46.9 million ● Diluted earnings per share of $ 1.81 vs $ 2.63”
Earnings Releases

BBX Capital, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $107.6 million, net income $15.4 million, EPS $0.99.

“Fourth Quarter 2022 Compared to Fourth Quarter 2021 ● Total consolidated revenues of $107.6 million vs. $98.2 million ● Income before income taxes of $22.5 million vs $8.3 million ● Net income attributable to shareholders of $15.4 million vs. $5.3 million ● Diluted earnings per share of $0.99 vs. $0.32”
Debt Financings

BBX Capital, Inc. reported a default on credit facility with The Toronto-Dominion Bank.

“As of June 30, 2022 and continuing through January 2023, Renin was not in compliance with the financial covenants under the credit facility which required Renin to meet certain minimum levels of specified operating results, and while TD Bank continued to allow Renin to utilize its revolving line of credit, TD Bank sent formal notices of default to Renin between August 2022 and January 2023.”
Debt Financings

BBX Capital, Inc. amended credit facility with The Toronto-Dominion Bank at Canadian Prime Rate plus a spread of 2.875% per annum.

“On February 3, 2023, the credit facility was further amended effective January 31, 2023 to, among other things: (i) temporarily increase the availability under the revolving line of credit from $20.0 million to $22.0 million from January 1, 2023 through December 31, 2023, (ii) require $8.0 million of funding from BBX Capital (including amounts funded by BBX Capital during the period from December 2022 through the date of the amendment) to provide Renin funds to prepay the Term Loan by no less than $1.5 million and to provide additional working capital to Renin, (iii) waive Renin’s non-compliance with the financial covenants under the facility through the date of the amendment, (iv) establish a financial covenant requiring Renin to meet minimum levels of specified operating results from January 2023 through December 2023, (v) redefine the maximum total leverage ratio financial covenant under the credit facility and waive the requirement to comply with the covenant until January 1, 2024,”
Earnings Releases

BBX Capital, Inc. reported the three and nine months ended September 30, 2022 results: revenue $ 75.2 million, net income $ 4.0 million, EPS $ 0.26.

“2 2 .  Selected highlights of BBX Capital’s consolidated financial results include:  Third Quarter 20 2 2 Compared to Third Quarter 20 2 1 : · Total consolidated revenues of $ 75.2 million vs. $ 91.8 million · I ncome before income taxes of $ 6.5 million vs. $ 2 5 . 7 million · Net income attr ibutable to shareholders of $ 4.0 million vs. $ 19.2 million · Diluted”

Marcia Barry-Smith was appointed as Director at BBX Capital, Inc..

“On September 21, 2021, the Board of Directors of BBX Capital, Inc. (the “Company”) appointed Marcia Barry-Smith to the Company’s Board of Directors.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.