BankUnited Inc - BKU STOCK NEWS

BankUnited, Inc. (BKU) will release its financial results for the quarter ending March 31, 2024, on April 17, 2024. The conference call with key executives will be held at 9:00 a.m. ET on the same day. Participants can access the earnings release and webcast through the Investor Relations page.

BankUnited, Inc. (BKU) increases quarterly cash dividend by 7.4% to $0.29 per common share. Dividend payable on April 30, 2024, to stockholders of record on April 12, 2024.

BankUnited, Inc. reported net income of $20.8 million for the quarter ended December 31, 2023, compared to $64.2 million for the quarter ended December 31, 2022. For the year ended December 31, 2023, the Company reported net income of $178.7 million, compared to $285.0 million for the year ended December 31, 2022. The financial results were impacted by notable items totaling $41.8 million related to the FDIC special assessment and a loss on the sale of operating lease equipment. The company's net interest margin, non-brokered deposits, and total deposits all experienced growth during the quarter. The capital position remains robust with CET1 at 11.4% and the ACL to total loans ratio increased to 0.82% at December 31, 2023. Non-performing loans totaled $127.0 million at December 31, 2023, down from $136.9 million at September 30, 2023. The net interest income increased to $217.2 million for the quarter ended December 31, 2023. Non-interest income totaled $17.1 million, and non-interest expense totaled $190.9 million for the quarter ended December 31, 2023.

BankUnited, Inc. (BKU) will release its financial results for the quarter and fiscal year ended December 31, 2023, on January 26, 2024. The company will hold a conference call at 9:00 a.m. ET on the same day to discuss the quarterly results. The call will feature Chairman, President, and CEO Rajinder P. Singh, CFO Leslie N. Lunak, and COO Thomas M. Cornish. The earnings release and supplemental information will be available on BankUnited’s Investor Relations page, with a live webcast accessible via the Event Calendar section of the page. Participants can also join by telephone, with an archived webcast available approximately two hours after the live event.

BankUnited, Inc. (NYSE:BKU) declares a quarterly cash dividend of $0.27 per common share, payable on January 31, 2024, to stockholders of record at the close of business on January 12, 2024.

BankUnited reports financial results for Q3 2023, showing improvements in margin, funding mix, asset mix, capital, and liquidity. Net income for the quarter was $47.0 million.

BankUnited, Inc. (NYSE: BKU) will release its financial results for the quarter ended September 30, 2023 on October 19, 2023. A conference call to discuss the results will be held at 9:00 a.m. ET on the same day. The earnings release and supplemental information will be available on BankUnited's Investor Relations page. Participants can join the call via webcast or telephone.

BankUnited, Inc. (NYSE:BKU) declares quarterly cash dividend of $0.27 per common share.

BankUnited's Small Business, Big Dreams: Women in Business Summit will award one women-owned small business with a $15,000 grand prize to help grow their business. The event will feature inspirational talks, tips, and networking opportunities. The Summit will also include the Small Business, Big Dreams Challenge, where women small business owners can compete for the grand prize by submitting a video pitch. Cash prizes will be awarded to the top three finalists.