secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2021-10-21T23:59:59+00:00
Accession:  0001504008-21-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000150400821000028/0001504008-21-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000150400821000028/bku-20211021.htm
  HTML page:      https://secwatch.observer/filing/0001504008-21-000028

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