Welcome to our dedicated page for Bankunited news (Ticker: BKU), a resource for investors and traders seeking the latest updates and insights on Bankunited stock.
BankUnited, Inc. (NYSE: BKU) is a bank holding company for BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida. News about BKU often reflects its role as a commercially focused regional bank serving individuals, small businesses, middle-market companies, large corporations and institutions across Florida, New York, Dallas, Atlanta, Morristown, New Jersey, and Charlotte, North Carolina.
The BKU news feed highlights financial results and earnings announcements, where the company reports quarterly performance, net interest income, net interest margin, loan and deposit trends, asset quality metrics and capital ratios. These updates provide insight into how the bank’s loan portfolios, deposit base and funding costs are evolving over time.
Investors and followers of BKU can also expect corporate governance and leadership news, including executive appointments, such as chief financial officer transitions, and detailed succession plans disclosed through press releases and Form 8-K filings. Such items shed light on the company’s management team and strategic direction.
Another recurring theme in BankUnited news is capital and balance sheet actions, including the redemption of senior notes and information about the composition of commercial and residential loan portfolios. The company also issues releases about dividend declarations, indicating decisions by the board of directors regarding quarterly cash dividends on common shares.
Operational and expansion updates appear as well, such as announcements of new corporate offices in markets like Tampa, Florida, and leadership appointments for branch banking and specialized divisions like National Title Solutions. For ongoing coverage of these developments, the BKU news page aggregates company-issued releases and related disclosures in one place.
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BankUnited, Inc. (NYSE: BKU) has announced that it will release its financial results for the second quarter ended June 30, 2023, on Tuesday, July 25, 2023, before the market opens. The company will hold a conference call at 9:00 a.m. ET on the same day to discuss the quarterly results. Key executives participating in the call include Rajinder P. Singh (Chairman, President and CEO), Leslie N. Lunak (CFO), and Thomas M. Cornish (COO).
Investors can access the earnings release and supplemental information on BankUnited's Investor Relations page prior to the call. The live webcast will be available through the Event Calendar section of the Investor Relations page. For those unable to join live, an archived webcast will be available approximately two hours after the live event.
BankUnited, Inc. reported total assets of $37.2 billion as of March 31, 2023. The company operates through its subsidiary, BankUnited, N.A., providing banking services in Florida, New York, and Texas.
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BankUnited Inc. (NYSE: BKU) has announced the election of Dr. Germaine Smith-Baugh to its Board of Directors. Dr. Baugh, with over 25 years of experience in executive leadership and nonprofit management, is the President and CEO of the Urban League of Broward County. Her expertise includes organizational development and enhancing equity and inclusion in the business community.
Under Dr. Baugh's leadership, the Urban League expanded to include the Entrepreneurship Center and Small Business Loan Fund, now designated as a Certified Development Financial by the U.S. Department of Treasury. She serves on various boards and has received numerous awards, including induction into the JM Family Enterprises African American Achievers and Broward County Women's Hall of Fame.
Dr. Baugh joins BankUnited's board alongside Chairman and CEO Rajinder P. Singh and nine other directors. BankUnited, with total assets of $37.2 billion as of March 31, 2023, operates in Florida, New York, Texas, and Atlanta.
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BankUnited, Inc. (NYSE: BKU) reported a net income of $52.9 million for Q1 2023, down from $64.2 million in Q4 2022 and $67.2 million in Q1 2022. The diluted earnings per share decreased to $0.70 from $0.82 and $0.79 for the same periods, respectively. Total deposits declined by $1.79 billion during the quarter, including a $671 million drop in non-interest bearing demand deposits. The Bank's total liquidity available rose to $12.3 billion by April 21, 2023. The net interest margin fell to 2.62%, and net interest income decreased by $15.2 million quarter-over-quarter. The company declared an 8% dividend increase to $0.27 per share and repurchased 1.6 million shares for $55 million. The provision for credit losses was $19.8 million, up from $39.6 million in the prior quarter.
BankUnited, Inc. (NYSE: BKU) is set to release its financial results for the quarter ended March 31, 2023 on April 25, 2023, before market opening. A conference call will follow at 9:00 a.m. ET featuring key executives including Chairman Rajinder P. Singh and CFO Leslie N. Lunak. Interested parties can access the earnings release and additional data on BankUnited’s Investor Relations page. The company also provides banking services in Florida, New York, and Texas, with total assets reported at $37.0 billion as of December 31, 2023. Archived webcasts will be available post-event for those unable to attend live.