secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001504008-22-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BankUnited Q1 net income $67.2M ($0.79 EPS); NIM expands to 2.50%, dividend raised to $0.25
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- Net income $67.2M ($0.79 diluted EPS) vs $98.8M ($1.06) in Q1 2021; net interest margin rose to 2.50% from 2.39%.
- Dividend increased 9% to $0.25 per share from $0.23; $82.1M in share repurchases at ~$42.50 per share.
- Non-performing loans ratio improved to 0.65% from 0.87%; total deposits fell $897M but non-interest bearing deposits rose $688M.
- Provision for credit losses $7.8M vs $28.0M recovery in Q1 2021; AOCI declined $142M on rising rates and securities losses.
- Expanding geographically with new Atlanta corporate office and Dallas branch opening in late April.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000150400822000015/0001504008-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000150400822000015/bku-20220421.htm
  HTML page:      https://secwatch.observer/filing/0001504008-22-000015

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