---
schema_version: "secwatch.filing_event.v1"
accession: "0001504008-23-000012"
form_type: "8-K"
ticker: "BKU"
cik: "0001504008"
company_name: "BankUnited, Inc."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:09:59.913432+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BankUnited Q1 net income $52.9M ($0.70 EPS); NIM compresses to 2.62% on deposit cost pressure

## Summary
- Net income $52.9M ($0.70 diluted EPS) vs $64.2M ($0.82) in Q4 2022 and $67.2M ($0.79) in Q1 2022.
- Net interest margin (tax-equivalent) fell to 2.62% from 2.81% QoQ; cost of total deposits rose to 2.05% from 1.42%.
- Total deposits declined $1.79B during quarter; available liquidity $9.4B at March 31, increasing to $12.3B by April 21.
- Provision for credit losses $19.8M; ACL to loans ratio 0.64% vs 0.59% at Dec 2022.
- Dividend increased 8% to $0.27/share; repurchased 1.6M shares for $55M.

## SEC filing metadata
- accession: 0001504008-23-000012
- form_type: 8-K
- ticker: BKU
- cik: 0001504008
- company_name: BankUnited, Inc.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504008/000150400823000012/0001504008-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504008/000150400823000012/bku-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504008-23-000012
- JSON: https://secwatch.observer/filing/0001504008-23-000012.json
- Plain text: https://secwatch.observer/filing/0001504008-23-000012.txt

## Key facts
- Earnings Releases
  BankUnited, Inc. reported quarter ended March 31, 2023 results: net income net income of $52.9 million, EPS or $0.70 per diluted share.
  - Period: quarter ended March 31, 2023
  - Net income: net income of $52.9 million
  - EPS: or $0.70 per diluted share
  - Result: reported results
  source text: For the quarter ended March 31, 2023, the Company reported net income of $52.9 million, or $0.70 per diluted share, compared to $64.2 million, or $0.82 per diluted share for the immediately preceding quarter ended December 31, 2022 and $67.2 million, or $0.79 per diluted share, for the quarter ended March 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504008/000150400823000012/0001504008-23-000012-index.htm

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