---
schema_version: "secwatch.filing_event.v1"
accession: "0001504008-24-000027"
form_type: "8-K"
ticker: "BKU"
cik: "0001504008"
company_name: "BankUnited, Inc."
filed_at: "2024-10-22T23:59:59+00:00"
generated_at: "2026-05-30T11:36:29.132949+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BankUnited Q3 net income $61.5M ($0.81 EPS), up from $0.72 last Q; NIM expands to 2.78%

## Summary
- Net income $61.5M ($0.81 diluted EPS) vs $53.7M ($0.72) in Q2 2024 and $47.0M ($0.63) in Q3 2023.
- Net interest margin (tax-equivalent) rose 6bp to 2.78%; avg cost of total deposits fell 3bp to 3.06%.
- Total loans declined $230M QoQ; core CRE and C&I grew $286M YTD while residential and specialty fell.
- ACL ratio increased to 0.94%; NPAs rose to 0.92% of loans (0.70% prior Q) driven by two C&I loans.
- CET1 ratio 11.8% (pro-forma 10.9% incl. AOCI); tangible book value per share $36.52, up from $35.07.

## SEC filing metadata
- accession: 0001504008-24-000027
- form_type: 8-K
- ticker: BKU
- cik: 0001504008
- company_name: BankUnited, Inc.
- filed_at: 2024-10-22T23:59:59+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/1504008/000150400824000027/0001504008-24-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1504008/000150400824000027/bku-20241022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001504008-24-000027
- JSON: https://secwatch.observer/filing/0001504008-24-000027.json
- Plain text: https://secwatch.observer/filing/0001504008-24-000027.txt

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