secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001504008-24-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000150400824000027/0001504008-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000150400824000027/bku-20241022.htm
  HTML page:      https://secwatch.observer/filing/0001504008-24-000027

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