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.
BankUnited, Inc. (NYSE: BKU) reported strong Q4 2020 results with net income of $85.7 million, or $0.89 per diluted share, representing a quarter-over-quarter increase from $66.6 million. Annual net income for 2020 was $197.9 million, down from $313.1 million in 2019, impacted by CECL accounting and COVID-19. Improvements in deposit mix and reduced credit costs contributed to a net interest income increase of $5.9 million QoQ. The average cost of total deposits decreased to 0.43%. Book value per share rose to $32.05. The Board reinstated a $44.9 million share repurchase program.
BankUnited has announced the retirement of Walter Shields, executive vice president and director of credit review, effective immediately. He has held the position since 2016 and is recognized for his contributions to credit risk management. Kelly Taub will succeed Shields in this role starting January 14, bringing nearly two decades of experience, including recent work at Capital One. Taub will oversee the bank's credit risk exposure and report directly to CEO Rajinder P. Singh.
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.