secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0001504008-23-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000150400823000004/0001504008-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000150400823000004/bku-20230119.htm
  HTML page:      https://secwatch.observer/filing/0001504008-23-000004

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