secwatch.observer — SEC 8-K summary
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Issuer:     BankUnited, Inc. (BKU)
CIK:        0001504008
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001504008-25-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BankUnited Q4 2024 EPS $0.91 vs $0.81 Q3; net margin expands to 2.84%
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- Net income $69.3M ($0.91 diluted EPS) compared to $61.5M ($0.81) in Q3 2024 and $20.8M ($0.27) in Q4 2023.
- Net interest margin (tax-equivalent) improved to 2.84% from 2.78% QoQ; average cost of deposits fell 34 bps to 2.72%.
- Total deposits flat QoQ; wholesale funding down $346M QoQ and $2.3B YoY; NIDDA grew $173M QoQ.
- Criticized/classified commercial loans declined $75.1M QoQ; NPLs up $26.2M due to one CRE office loan; net charge-off ratio 0.16% for FY 2024.
- CET1 ratio 12.0%, tangible book value $36.61 per share; loan to deposit ratio 87.2%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1504008/000150400825000002/0001504008-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1504008/000150400825000002/bku-20250122.htm
  HTML page:      https://secwatch.observer/filing/0001504008-25-000002

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