BankUnited Q2 net income $58M, EPS $0.78; NIM compressed to 2.47%

BankUnited, Inc.

2023-Q2 EPS reported $1.48 revenue$10,894,000

Net income of $58.0M ($0.78 diluted EPS) vs $52.9M ($0.70) Q1 2023 and $65.8M ($0.82) Q2 2022.
Net interest income $213.9M, down $14M QoQ and $11.5M YoY; tax-equivalent NIM declined to 2.47%.
Total deposits grew $116M, with non-interest bearing deposits down $62M; FHLB advances cut by $1.6B.
Provision for credit losses $15.5M, up from $19.8M Q1 2023; ACL coverage ratio rose to 0.68% from 0.64%.

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 June 30, 2023 results: net income $58.0 million, EPS $0.78 per diluted share.

Period: the quarter ended June 30, 2023
Net income: $58.0 million
EPS: $0.78 per diluted share
Result: reported results

Exact text from the filing

For the quarter ended June 30, 2023, the Company reported net income of $58.0 million, or $0.78 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BankUnited, Inc. reported the six months ended June 30, 2023 results: net income $110.9 million, EPS $1.48 per diluted share.

Period: the six months ended June 30, 2023
Net income: $110.9 million
EPS: $1.48 per diluted share
Result: reported results

Exact text from the filing

For the six months ended June 30, 2023, the Company reported net income of $110.9 million or $1.48 per diluted share

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BankUnited, Inc. filing history →

Source: SEC EDGAR

accession 0001504008-23-000027

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