---
schema_version: "secwatch.filing_event.v1"
accession: "0001504008-21-000028"
form_type: "8-K"
ticker: "BKU"
cik: "0001504008"
company_name: "BankUnited, Inc."
filed_at: "2021-10-21T23:59:59+00:00"
generated_at: "2026-06-28T19:11:12.747702+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BankUnited Q3 net income $86.9M ($0.94 EPS); announces $150M share repurchase authorization

## Summary
- Net income $86.9M ($0.94 diluted EPS), down from $104.0M ($1.11) in Q2 2021 but up from $66.6M ($0.70) in Q3 2020.
- Net interest margin (tax-equivalent) 2.33%, down 4bps QoQ; net interest income $195.1M vs $198.3M Q2.
- Recorded recovery of credit losses of $11.8M vs $27.5M recovery in Q2; ACL ratio 0.70% vs 0.77% Q2.
- Residential loans grew $751M to $7.83B; commercial loan segments declined; total loans (ex-PPP) up $74M.
- Board authorized new $150M share repurchase program; Q3 repurchases 3.2M shares for $129.4M at avg $40.62.

## SEC filing metadata
- accession: 0001504008-21-000028
- form_type: 8-K
- ticker: BKU
- cik: 0001504008
- company_name: BankUnited, Inc.
- filed_at: 2021-10-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504008/000150400821000028/0001504008-21-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504008/000150400821000028/bku-20211021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504008-21-000028
- JSON: https://secwatch.observer/filing/0001504008-21-000028.json
- Plain text: https://secwatch.observer/filing/0001504008-21-000028.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.