---
schema_version: "secwatch.filing_event.v1"
accession: "0001504008-24-000011"
form_type: "8-K"
ticker: "BKU"
cik: "0001504008"
company_name: "BankUnited, Inc."
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:38:53.611276+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001504008-24-000011
- form_type: 8-K
- ticker: BKU
- cik: 0001504008
- company_name: BankUnited, Inc.
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504008/000150400824000011/0001504008-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504008/000150400824000011/bku-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504008-24-000011
- JSON: https://secwatch.observer/filing/0001504008-24-000011.json
- Plain text: https://secwatch.observer/filing/0001504008-24-000011.txt

## Key facts
- Earnings Releases
  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
  source text: On April 17, 2024, BankUnited, Inc. (the “Company”) reported its results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1504008/000150400824000011/0001504008-24-000011-index.htm

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