8-K
filed January 26, 2024, 6:59 PM ET
ticker BKU
CIK 0001504008
earnings
confidence high
sentiment negative
materiality 0.80
BankUnited Q4 net income $20.8M ($0.27 EPS), down 68% YoY; FDIC special assessment weighs
BankUnited, Inc.
2023-FY EPS reported
$2.38
revenue$21,682,000
- Q4 net income $20.8M ($0.27 EPS) vs $47.0M ($0.63) in Q3 and $64.2M ($0.82) in Q4 2022.
- Full-year 2023 net income $178.7M ($2.38 EPS) vs $285.0M ($3.54 EPS) in 2022.
- Pre-tax income hit by $41.8M notable items: $35.4M FDIC special assessment and $6.5M loss on sale of equipment.
- Net interest margin (tax-equivalent) expanded to 2.60% from 2.56% QoQ; non-brokered deposits grew $604M.
- Allowance for credit losses increased to 0.82% of loans; NPAs declined to $127M (0.52% of loans).
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
BankUnited, Inc. reported quarter ended December 31, 2023 results: net income $20.8 million, EPS $0.27 per diluted share.
- Period
- quarter ended December 31, 2023
- Net income
- $20.8 million
- EPS
- $0.27 per diluted share
- Result
- reported results
Exact text from the filing
BankUnited, Inc. (the "Company") reported its results for the quarter ended December 31, 2023
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
BankUnited, Inc. reported year ended December 31, 2023 results: net income $178.7 million, EPS $2.38 per diluted share.
- Period
- year ended December 31, 2023
- Net income
- $178.7 million
- EPS
- $2.38 per diluted share
- Result
- reported results
Exact text from the filing
For the year ended December 31, 2023, the Company reported net income of $178.7 million, or $2.38 per diluted share
View on SEC.gov
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