---
schema_version: "secwatch.filing_event.v1"
accession: "0001504008-23-000027"
form_type: "8-K"
ticker: "BKU"
cik: "0001504008"
company_name: "BankUnited, Inc."
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:05:32.095220+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001504008-23-000027
- form_type: 8-K
- ticker: BKU
- cik: 0001504008
- company_name: BankUnited, Inc.
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1504008/000150400823000027/0001504008-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504008/000150400823000027/bku-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504008-23-000027
- JSON: https://secwatch.observer/filing/0001504008-23-000027.json
- Plain text: https://secwatch.observer/filing/0001504008-23-000027.txt

## Key facts
- Earnings Releases
  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
  source text: For the quarter ended June 30, 2023, the Company reported net income of $58.0 million, or $0.78 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504008/000150400823000027/0001504008-23-000027-index.htm
- Earnings Releases
  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
  source text: For the six months ended June 30, 2023, the Company reported net income of $110.9 million or $1.48 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504008/000150400823000027/0001504008-23-000027-index.htm

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