secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001504008-23-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000150400823000032/0001504008-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000150400823000032/bku-20231019.htm
  HTML page:      https://secwatch.observer/filing/0001504008-23-000032

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