---
schema_version: "secwatch.filing_event.v1"
accession: "0001504008-24-000019"
form_type: "8-K"
ticker: "BKU"
cik: "0001504008"
company_name: "BankUnited, Inc."
filed_at: "2024-07-18T23:59:59+00:00"
generated_at: "2026-05-31T19:37:57.027377+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BankUnited Q2 net income $53.7M ($0.72 EPS); NIM expands to 2.72% but NPAs rise on office exposure

## Summary
- EPS $0.72 (diluted) vs $0.64 prior quarter and $0.78 year-ago; net income $53.7M.
- Net interest margin (tax-equiv) expanded 15bps to 2.72%; average cost of deposits declined 9bps to 3.09%.
- Non-interest bearing deposits grew $826M; total deposits up $736M; wholesale funding down $1.2B.
- Core C&I and CRE loans grew $589M; residential loans declined $212M; total loans up $402M.
- NPAs increased to $176M ($50M office exposure) from $118.9M; ACL ratio 0.92%.

## SEC filing metadata
- accession: 0001504008-24-000019
- form_type: 8-K
- ticker: BKU
- cik: 0001504008
- company_name: BankUnited, Inc.
- filed_at: 2024-07-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1504008/000150400824000019/0001504008-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504008/000150400824000019/bku-20240718.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504008-24-000019
- JSON: https://secwatch.observer/filing/0001504008-24-000019.json
- Plain text: https://secwatch.observer/filing/0001504008-24-000019.txt

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