Exhibit 99.1



BBX Capital, Inc. Reports Financial Results

For the First Quarter of 2024


FORT LAUDERDALE, Florida – May 10, 2024 -- 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. For additional information, please visit www.BBXCapital.com.


BBX Capital, Inc. Contact Info:


Investor Relations Contact:

Leslie Martinez, Investor Relations 

P: 954-940-5300 

Email: investorrelations@BBXCapital.com


Media Relations Contact:

Kip Hunter, Kip Hunter Marketing

P: 954-303-5551 

Email: kip@kiphuntermarketing.com