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) 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.
BankUnited, N.A. has announced the expansion of its corporate banking division in Florida, hiring three experienced bankers to enhance services for middle-market and large corporate clients. Jeffrey Brandt, Eric Boritz, and Ilian Obregon, all previously from HSBC Bank USA, bring over two decades of combined experience. The new team will focus on business development and loan origination. This move underscores BankUnited's commitment to growth and servicing a diverse client base in the region. As of December 31, 2022, BankUnited reported total assets of $37.0 billion.
BankUnited, Inc. (NYSE:BKU) has announced a quarterly cash dividend increase of $0.27 per common share, up 8% from the previous $0.25. This dividend will be payable on April 28, 2023, to stockholders of record as of April 12, 2023. As of December 31, 2022, BankUnited reported total assets of $37 billion.
BankUnited, Inc. (NYSE: BKU) announced financial results for the quarter and year ending December 31, 2022. The company reported a net income of $64.2 million ($0.82 per diluted share) for Q4 2022, down from $87.9 million in Q3 2022 and $125.3 million in Q4 2021. For the full year 2022, net income was $285.0 million ($3.54 per diluted share), compared to $415.0 million in 2021. Key metrics include a 15% growth in net interest income year-over-year, a net interest margin of 2.81%, and total loans growing by $619 million in Q4. The company also experienced a provision for credit losses of $39.6 million.
BankUnited, Inc. (NYSE: BKU) announced it will release financial results for the quarter and fiscal year ended December 31, 2022, on January 19, 2023, before market opening. A conference call will follow at 9:00 a.m. ET, featuring key executives discussing the results. The earnings release and supplemental materials will be available on the company's Investor Relations page. With total assets of $36.6 billion as of September 30, 2022, BankUnited offers comprehensive banking services across Florida, New York, and Texas, along with national commercial lending products.
BankUnited, Inc. (NYSE:BKU) has declared a quarterly cash dividend of $0.25 per common share, payable on January 31, 2023. Stockholders of record as of January 13, 2023 will receive this dividend. As of September 30, 2022, BankUnited reported total assets of $36.6 billion, indicating a strong financial position. The bank provides a comprehensive suite of banking services across Florida, New York, and Texas, catering to individual and corporate customers.
BankUnited, Inc. (NYSE: BKU) reported strong financial results for Q3 2022, with a net income of $87.9 million, or $1.12 per diluted share, reflecting a significant increase from $65.8 million in Q2 2022. The net interest margin rose to 2.76% from 2.63% in the previous quarter. Total loans grew by $186 million, while non-interest bearing deposits fell by $851 million. The company's provision for credit losses decreased to $3.7 million. Despite challenges from Hurricane Ian, the bank did not incur significant operational disruptions. The Board approved a $150 million stock repurchase program.
BankUnited, Inc. (NYSE: BKU) will announce its financial results for the quarter ended September 30, 2022, on October 20, 2022, before market opening. A conference call is scheduled for 9:00 a.m. ET on the same day with key executives discussing the results. Interested parties can access the live webcast through BankUnited's Investor Relations page. The company has total assets of $36.6 billion as of June 30, 2022, and it offers a range of banking services in Florida, New York, and Texas, along with national commercial lending products.
BankUnited, Inc. (NYSE:BKU) declared a quarterly cash dividend of $0.25 per common share, payable on October 31, 2022. Stockholders must be on record by the close of business on October 14, 2022. As of June 30, 2022, BankUnited reported total assets of $36.6 billion. This dividend reflects the company's ongoing commitment to returning value to its shareholders.
BankUnited has launched its second annual "Small Business, Big Dreams" Women in Business Challenge, aimed at supporting women entrepreneurs. The contest is open for entries until September 16, 2022, offering a total prize pool of $22,500 for the top three finalists. The competition will culminate in a live pitch event on October 20, coinciding with National Women’s Small Business Month. To participate, businesses must be at least 51% woman-owned and based in Florida or New York. This initiative highlights BankUnited's commitment to empowering women-owned businesses.