---
schema_version: "secwatch.filing_event.v1"
accession: "0001504008-23-000032"
form_type: "8-K"
ticker: "BKU"
cik: "0001504008"
company_name: "BankUnited, Inc."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T20:31:13.515504+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BankUnited Q3 net income $47M ($0.63 EPS), down 46% YoY; margin expands to 2.56%

## Summary
- Net income $47.0M ($0.63 diluted EPS) vs $87.9M ($1.12) in Q3 2022; provision for credit losses rose to $33.0M.
- Net interest margin expanded to 2.56% from 2.47% QoQ; net interest income $214.8M vs $213.9M prior quarter.
- Non-brokered deposits grew $484M, total deposits up $274M; FHLB advances reduced by $810M.
- CRE loans at 23.5% of loans (168% of risk-based capital); weighted avg LTV 55.8%, DSCR 1.80.
- CET1 ratio 11.4% (holding co) and 13.2% (bank); ACL to loans ratio 0.80% vs 0.68% prior quarter.

## SEC filing metadata
- accession: 0001504008-23-000032
- form_type: 8-K
- ticker: BKU
- cik: 0001504008
- company_name: BankUnited, Inc.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1504008/000150400823000032/0001504008-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504008/000150400823000032/bku-20231019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504008-23-000032
- JSON: https://secwatch.observer/filing/0001504008-23-000032.json
- Plain text: https://secwatch.observer/filing/0001504008-23-000032.txt

## Key facts
- Earnings Releases
  BankUnited, Inc. reported the quarter ended September 30, 2023 results: net income $47.0 million, EPS $0.63 per diluted share.
  - Period: the quarter ended September 30, 2023
  - Net income: $47.0 million
  - EPS: $0.63 per diluted share
  - Result: reported results
  source text: On October 19, 2023, BankUnited, Inc. (the “Company”) reported its results for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504008/000150400823000032/0001504008-23-000032-index.htm

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