earnings
confidence high
sentiment neutral
materiality 0.60
BankUnited Q2 net income $65.8M ($0.82 EPS); loan growth $780M ex-PPP; NIM 2.63%
BankUnited, Inc.
2022-Q2 EPS reported
$1.60
revenue$11,856,000
- Net income $65.8M, diluted EPS $0.82 vs $0.79 prior Q and $1.11 YoY.
- Net interest margin expanded to 2.63% from 2.50% prior Q; net interest income $225.4M.
- Total loans ex-PPP grew $780M; commercial loans up $553M; residential loans +$228M.
- Provision for credit losses $24.0M vs $7.8M prior Q; ACL ratio stable at 0.54%.
- Repurchased 6.1M shares for $243.6M at avg $39.94; tangible book value $31.16.