secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001504008-23-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000150400823000012/0001504008-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000150400823000012/bku-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001504008-23-000012

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