BankUnited Q4 net income $64.2M ($0.82 EPS) down 49% YoY; provision for credit losses $39.6M

BankUnited, Inc.

2022-FY EPS reported $3.54 revenue$23,402,000

Net income of $64.2M, diluted EPS $0.82 vs $1.41 in Q4 2021; FY2022 net income $285.0M ($3.54 EPS) vs $415.0M ($4.52 EPS).
Net interest margin (tax-equivalent) expanded to 2.81% from 2.44% a year ago; net interest income $243.1M, up 18% YoY.
Total loans grew $619M in Q4; core C&I and CRE portfolios up $722M; total deposits up $160M but non-interest bearing down $756M.
Provision for credit losses $39.6M vs $0.2M in Q4 2021; ACL ratio increased to 0.59% from 0.54% at Sep 30, 2022.
Repurchased 1.9M shares for $64.7M at weighted avg price $33.92 per share during Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BankUnited, Inc. reported the quarter ended December 31, 2022 results: net income $64.2 million, EPS $0.82 per diluted share.

Period: the quarter ended December 31, 2022
Net income: $64.2 million
EPS: $0.82 per diluted share
Result: reported results

Exact text from the filing

For the quarter ended December 31, 2022, the Company reported net income of $64.2 million, or $0.82 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BankUnited, Inc. reported the year ended December 31, 2022 results: net income $285.0 million, EPS $3.54 per diluted share.

Period: the year ended December 31, 2022
Net income: $285.0 million
EPS: $3.54 per diluted share
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, the Company reported net income of $285.0 million, or $3.54 per diluted share

View on SEC.gov

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BankUnited, Inc. filing history →

Source: SEC EDGAR

accession 0001504008-23-000004

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