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BankUnited, Inc. reports developments as a bank holding company for BankUnited, N.A., a national bank serving consumer and commercial customers across Florida, New York, Dallas, Atlanta, Morristown, New Jersey, and Charlotte, North Carolina. Its recurring updates cover quarterly earnings, net interest margin, loan and deposit trends, credit metrics, and the mix of commercial real estate, commercial and industrial, residential, mortgage warehouse, franchise, equipment and municipal finance portfolios.
Company news also includes capital actions such as dividends and share repurchase authorizations, investor presentations, and executive leadership changes. Releases commonly frame performance through core commercial lending, non-interest-bearing deposits, funding costs, capital markets revenue, non-performing assets, criticized and classified loans, and provisions for credit losses.
BankUnited, Inc. (NYSE: BKU) will release its financial results for Q4 and the full fiscal year 2020 on January 21, 2021, before the market opens. A conference call to discuss these results will take place at 9:00 a.m. ET, featuring CEO Rajinder P. Singh and CFO Leslie N. Lunak. The earnings release will be accessible on their Investor Relations page. Due to high demand, participants are encouraged to join the call via a live Internet webcast. A replay will be available from January 21 to January 28, 2021.
BankUnited, Inc. (NYSE:BKU) has declared a quarterly cash dividend of $0.23 per common share. This dividend is scheduled for payment on January 29, 2021, to stockholders of record as of the close of business on January 14, 2021.
As of September 30, 2020, BankUnited reported total assets of $35.0 billion. The company offers a comprehensive range of banking services through its branches in Florida and the New York metropolitan area.
BankUnited (NYSE: BKU) reported its financial results for Q3 2020, showing a net income of $66.6 million, down from $76.5 million in Q2 2020 and $76.2 million in Q3 2019. The decline was attributed to the new CECL accounting method and COVID-19's impact on credit loss provisions, totaling $29.2 million. Non-interest bearing deposits increased by 15%, contributing to a decrease in the average cost of deposits to 0.57%. Despite a decline in loans, PPNR improved to $115.1 million year-over-year. The company's stockholders' equity rose to $2.9 billion, while a dividend of $0.23 per share was declared.
BankUnited, Inc. (NYSE: BKU) is set to release its financial results for Q3 2020 on October 28, 2020, before market opening. A conference call will follow at 9:00 a.m. ET, featuring key executives, including Chairman and CEO Rajinder P. Singh and CFO Leslie N. Lunak. Investors can access the earnings release on the company's Investor Relations page. Due to high demand, participants are encouraged to join via a live Internet webcast. The conference call replay will be available for listeners from October 28 to November 4, 2020.
BankUnited, Inc. (NYSE: BKU) has declared a quarterly cash dividend of $0.23 per common share. This dividend will be payable on October 30, 2020, to shareholders of record as of October 15, 2020. With total assets of $34.7 billion as of June 30, 2020, BankUnited is a leading bank holding company providing a comprehensive range of banking services in Florida and the New York metropolitan area.