secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2021-07-22T23:59:59+00:00
Accession:  0001504008-21-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BankUnited Q2 EPS $1.11 vs $0.80 year ago; approves $150M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000150400821000022/0001504008-21-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000150400821000022/bku-20210722.htm
  HTML page:      https://secwatch.observer/filing/0001504008-21-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer