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.

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