---
schema_version: "secwatch.filing_event.v1"
accession: "0001504008-23-000004"
form_type: "8-K"
ticker: "BKU"
cik: "0001504008"
company_name: "BankUnited, Inc."
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T13:05:58.449079+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001504008-23-000004
- form_type: 8-K
- ticker: BKU
- cik: 0001504008
- company_name: BankUnited, Inc.
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504008/000150400823000004/0001504008-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504008/000150400823000004/bku-20230119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504008-23-000004
- JSON: https://secwatch.observer/filing/0001504008-23-000004.json
- Plain text: https://secwatch.observer/filing/0001504008-23-000004.txt

## Key facts
- Earnings Releases
  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
  source text: For the quarter ended December 31, 2022, the Company reported net income of $64.2 million, or $0.82 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504008/000150400823000004/0001504008-23-000004-index.htm
- Earnings Releases
  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
  source text: For the year ended December 31, 2022, the Company reported net income of $285.0 million, or $3.54 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504008/000150400823000004/0001504008-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.