secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001504008-23-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000150400823000027/0001504008-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000150400823000027/bku-20230725.htm
  HTML page:      https://secwatch.observer/filing/0001504008-23-000027

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