---
schema_version: "secwatch.filing_event.v1"
accession: "0001504008-24-000003"
form_type: "8-K"
ticker: "BKU"
cik: "0001504008"
company_name: "BankUnited, Inc."
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:31:46.690044+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# BankUnited Q4 net income $20.8M ($0.27 EPS), down 68% YoY; FDIC special assessment weighs

## Summary
- 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).

## SEC filing metadata
- accession: 0001504008-24-000003
- form_type: 8-K
- ticker: BKU
- cik: 0001504008
- company_name: BankUnited, Inc.
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504008/000150400824000003/0001504008-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504008/000150400824000003/bku-20240126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504008-24-000003
- JSON: https://secwatch.observer/filing/0001504008-24-000003.json
- Plain text: https://secwatch.observer/filing/0001504008-24-000003.txt

## Key facts
- Earnings Releases
  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
  source text: BankUnited, Inc. (the "Company") reported its results for the quarter ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504008/000150400824000003/0001504008-24-000003-index.htm
- Earnings Releases
  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
  source text: For the year ended December 31, 2023, the Company reported net income of $178.7 million, or $2.38 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504008/000150400824000003/0001504008-24-000003-index.htm

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