earnings
confidence high
sentiment positive
materiality 0.75
BankUnited Q2 EPS $1.11 vs $0.80 year ago; approves $150M buyback
BankUnited, Inc.
2021-Q2 EPS reported
$2.17
revenue$10,317,000
- Net income $104.0M, diluted EPS $1.11 vs $0.80 in Q2 2020 and $1.06 in Q1 2021.
- Pre-tax pre-provision net revenue $112.6M vs $103.3M Q1 and $122.3M Q2 2020.
- Credit loss recovery of $27.5M; criticized/classified loans down 21% to $2.1B.
- Non-performing loans rose to $292.7M (1.28% of loans) driven by one $69M C&I relationship.
- Board authorized additional $150M share repurchase plus $37.7M remaining; book value $33.91.