secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001504008-22-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BankUnited Q3 net income $87.9M, EPS $1.12; net interest margin expands to 2.76%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000150400822000034/0001504008-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000150400822000034/bku-20221020.htm
  HTML page:      https://secwatch.observer/filing/0001504008-22-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer