secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001504008-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000150400824000011/0001504008-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000150400824000011/bku-20240417.htm
  HTML page:      https://secwatch.observer/filing/0001504008-24-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer