WEST PALM BEACH, Fla. -- BankAtlantic has raised its estimate of 1992 core banking earnings to $3.8 million from $3.1 million, chairman Alan B. Levan said Wednesday.

Mr. Levan also announced the recent sale by the $1.5 billion-asset institution of about $119 million in mortgage-backed securities held in its investment portfolio. He said the bank expects an after-tax profit of $3 million.

"When combined with our revised core earnings estimate for 1992 of $3.8 million, we are looking at an estimated total 1992 profit of $6.8 million," he said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.