earnings
confidence high
sentiment positive
materiality 0.80
BankUnited Q3 net income $87.9M, EPS $1.12; net interest margin expands to 2.76%
BankUnited, Inc.
2022-Q3 EPS reported
$2.71
revenue$17,920,000
- Net income $87.9M ($1.12 diluted EPS) vs $65.8M ($0.82) prior Q and $86.9M ($0.94) year ago.
- Net interest margin (tax-equivalent) 2.76%, up from 2.63% prior Q; net interest income $235.8M.
- Provision for credit losses $3.7M vs $24.0M prior Q; ACL unchanged at 0.54% of loans.
- Loans ex-PPP grew $186M; deposits declined $1.1B, non-interest bearing down $851M.
- Board authorized $150M share repurchase; 0.3M shares bought for $10.8M in Q3.