BBX CAPITAL INC B - BBXIB STOCK NEWS

BBX Capital Inc. has announced a share repurchase program authorized by its Board of Directors, allowing the company to buy back up to $15.0 million worth of its Class A and Class B Common Stock. The decision enables BBX Capital to repurchase shares based on market conditions and management's discretion. The program does not mandate the company to repurchase any specific number of shares and may be modified or terminated at any time. This initiative is part of BBX Capital's strategy to enhance shareholder value.

BBX Capital Real Estate, a subsidiary of BBX Capital, Inc. (OTC-PINK:BBXIA, PINK:BBXIB), has announced the groundbreaking of Altís Blue Lake in West Palm Beach, Florida. This luxury garden apartment community will feature 318 units with planned amenities including a resort-style swimming pool and a fitness center. BBXRE has invested approximately $0.3 million in the development and anticipates an additional $0.7 million investment as the project progresses. The first units are expected to be completed in 2023.

BBX Capital Real Estate, a subsidiary of BBX Capital (OTC-PINK:BBXIA), has announced groundbreaking for Altís Grand at Suncoast in Lutz, Florida. This luxury community will feature 449 rental units with amenities such as a 24/7 fitness center, resort-style pool, and is planned for National Green Building Standard certification. BBXRE has invested approximately $2.8 million in this project, with an expected additional investment of $1.5 million during development.

BBX Capital (OTCQX: BBXIA, PINK: BBXIB) has announced its participation in the Sidoti & Company Winter Virtual Small Cap Conference on January 19 and 20, 2022. CEO Jarett Levan, CFO Brett Sheppard, and Investor Relations Officer Leo Hinkley will host one-on-one meetings with investors during the event. Registration for these meetings is free and open to all interested parties. BBX Capital is a diversified holding company based in Florida, with principal holdings including BBX Capital Real Estate and BBX Sweet Holdings.

BBX Capital, Inc. (OTC: BBXIA, BBXIB) has opened a new IT’SUGAR retail location at the Ala Moana Center in Honolulu, Hawaii. Covering 18,000 square feet, this flagship store is IT’SUGAR’s second large candy department store, featuring over 30 candy stations and dedicated sections for Sour Patch and OREO. CEO Jarett Levan expressed excitement over this expansion, highlighting the store's location in one of the largest open-air shopping centers globally. IT’SUGAR aims to create a unique retail experience, with approximately 100 locations across the U.S.

BBX Capital (OTCQX: BBXIA, PINK: BBXIB) reported strong financial results for the quarter ending September 30, 2021, with total revenues of $91.8 million compared to $42.2 million in the same period last year. Net income attributable to shareholders reached $19.2 million, up from a loss of $8.3 million. The company highlighted increased profits from its real estate segment and rebounding sales in its sweets business, IT’SUGAR, post-COVID-19. However, challenges persist due to rising costs and supply chain disruptions. As of September 30, the cash reserves stood at $113.5 million.

BBX Capital, Inc. (OTCQX: BBXIA, PINK: BBXIB) will release its financial results for Q3 2021 on November 15, 2021, after market close. The company, headquartered in Florida, operates various business segments including BBX Capital Real Estate and BBX Sweet Holdings, featuring brands like IT’SUGAR.

Investors can anticipate insights into the company's performance, which may influence its stock price and market perception.

BBX Capital has announced an increase in its share repurchase program from $10 million to $20 million for its Class A and Class B Common Stock. As of now, approximately $8.3 million has been repurchased, leaving $11.7 million still available for buybacks. The future repurchases will depend on market conditions and other factors. This initiative is aimed at enhancing shareholder value, signaling the company's confidence in its financial stability and growth potential.

BBX Capital has appointed Marcia Barry-Smith to its Board of Directors, bringing over 30 years of banking experience, primarily as a Senior Vice President at BankAtlantic and Citizens Federal Bank. She currently leads MBS Consulting Services and has significant involvement with various non-profit organizations in South Florida. BBX Capital's CEO, Jarett S. Levan, expressed confidence that her expertise will enhance the board's effectiveness in serving the community.