secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2022-01-20T23:59:59+00:00
Accession:  0001504008-22-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BankUnited Q4 EPS $1.41 vs $0.89 YoY; loans ex-PPP grow $1B; NIM 2.44%
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- Net income $125.3M ($1.41 diluted EPS) vs $85.7M ($0.89) in Q4 2020; FY2021 net income $415.0M ($4.52) vs $197.9M ($2.06).
- Total loans ex-PPP grew $1.0B in Q4; net interest margin expanded 11bp to 2.44% (tax-equiv); deposits up $1.3B.
- Non-interest expense $187.9M includes $44.8M loss on hedge discontinuance and $6.8M special employee bonus; non-interest income $45.6M includes $18.2M gain on loan sale.
- Non-performing loans declined to 0.87% from 1.21% prior quarter; allowance for credit losses $126.5M (0.53% of loans).
- Repurchased 4.4M shares for $181.8M at $41.45 avg; book value per share $35.47, tangible book $34.56.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000150400822000003/0001504008-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000150400822000003/bku-20220120.htm
  HTML page:      https://secwatch.observer/filing/0001504008-22-000003

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