BankUnited Q1 net income $48M ($0.64 EPS), dividend raised 7% to $0.29

BankUnited, Inc.

2024-Q1 EPS reported $0.64 revenue$5,499,000

Net income $48.0M ($0.64 diluted EPS) vs $20.8M ($0.27) in Q4 2023 and $52.9M ($0.70) year ago.
Net interest margin stable at 2.57% (tax-equivalent); net interest income $214.9M, down $2.3M sequentially.
Non-interest bearing deposits grew $404M, total deposits up $489M; wholesale funding down $1.4B.
Annualized net charge-off ratio 0.02%; ACL to loans 0.90% (up from 0.82% in Q4); NPA ratio 0.34%.
Common dividend increased to $0.29/share (7% rise); tangible book value per share $34.27.

item 2.02 item 9.01

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 the quarter ended March 31, 2024 results: net income $48.0 million, EPS $0.64 per diluted share.

Period: the quarter ended March 31, 2024
Net income: $48.0 million
EPS: $0.64 per diluted share
Result: reported results

Exact text from the filing

On April 17, 2024, BankUnited, Inc. (the “Company”) reported its results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001504008-24-000011

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