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) has declared a quarterly cash dividend of $0.23 per common share. This dividend will be distributed on January 31, 2022, to stockholders on record by the close of business on January 14, 2022. As of September 30, 2021, the company reported total assets of $35.3 billion.
BankUnited, Inc. (BKU) reported net income of $86.9 million ($0.94 per diluted share) for the quarter ending September 30, 2021, a decrease from the prior quarter's $104.0 million ($1.11 per diluted share) but an increase from $66.6 million ($0.70 per diluted share) year-over-year. Net interest income dropped to $195.1 million, with a net interest margin of 2.33%. Total deposits fell by $493 million, while non-interest bearing demand deposits increased by $324 million. The company authorized an additional $150 million for share repurchase following a previous $58.3 million authorization.
BankUnited, Inc. (NYSE: BKU) will release its financial results for the third quarter of 2021 on October 21, 2021, prior to market opening. A conference call scheduled for 9:00 a.m. ET on the same day will feature key executives discussing the results. With total assets of $35.7 billion as of June 30, 2021, BankUnited serves both individual and corporate customers primarily in Florida and New York. The earnings release will be accessible on the company’s Investor Relations page.
BankUnited, Inc. (NYSE:BKU) declared a quarterly cash dividend of $0.23 per common share, to be paid on October 29, 2021. Stockholders of record as of October 14, 2021 will receive this dividend. As of June 30, 2021, BankUnited reported total assets of $35.7 billion. The company is headquartered in Miami Lakes, Florida, and offers a full range of banking services to individual and corporate customers, primarily in Florida and the New York metropolitan area.
BankUnited has launched the inaugural "Small Business, Big Dreams" Women in Business Challenge, offering a $10,000 cash prize to empower women business owners. Open to applications until September 23, 2021, participants must submit a three-minute elevator pitch. Finalists will showcase their business ideas at a summit on October 27, 2021 in Fort Lauderdale, Florida. This initiative aligns with BankUnited's commitment to support small businesses and recognizes the unique challenges faced by women entrepreneurs.
BankUnited, Inc. (NYSE: BKU) reported strong financial results for Q2 2021, with net income of $104 million or $1.11 per diluted share, an increase from the previous quarter's $98.8 million ($1.06/share) and $76.5 million ($0.80/share) year-over-year. For H1 2021, net income was $202.8 million ($2.17/share), up from $45.6 million ($0.47/share) in H1 2020. Total deposits grew by $877 million and the company announced a $150 million share repurchase program on July 21, 2021. Criticized loans decreased by 21%, signaling improving asset quality.
BankUnited, Inc. (NYSE: BKU) will release its financial results for Q2 2021 on July 22, 2021, before the market opens. A conference call to discuss these results will follow at 9:00 a.m. ET with key executives including Chairman Rajinder P. Singh. Participants can access the call via a live webcast or dial in at specified numbers. An archived version will be available for those who miss the live call. BankUnited, with $35.2 billion in assets as of March 31, 2021, operates in Florida and the New York metropolitan area, offering diverse banking services.
BankUnited, Inc. (NYSE:BKU) has declared a quarterly cash dividend of $0.23 per common share. This dividend is scheduled for payment on July 30, 2021, to stockholders recorded as of the close of business on July 15, 2021. With total assets amounting to $35.2 billion as of March 31, 2021, BankUnited offers a comprehensive range of banking services across Florida and the New York metropolitan area. This announcement reflects the company's ongoing commitment to returning value to its shareholders.
BankUnited (BKU) reported strong financial results for Q1 2021, with net income of $98.8 million, or $1.06 per diluted share, reversing a net loss of $(31.0) million in Q1 2020. Total deposits grew by $236 million, with non-interest bearing deposits increasing by nearly $1 billion. The bank released reserves totaling $28 million, improving its credit loss outlook due to a better economic forecast. The net interest margin improved to 2.39%, and book value per share climbed to $32.83. The company resumed its share repurchase program, buying back approximately 0.2 million shares for $7.3 million.
BankUnited, Inc. (NYSE: BKU) will release its financial results for Q1 2021 on April 22, before market opening. A conference call, featuring key executives Rajinder P. Singh, Leslie N. Lunak, and Thomas M. Cornish, is scheduled for 9:00 a.m. ET on the same day. The earnings release will be accessible on their Investor Relations page. Given the increased demand for conference calls, live streaming is encouraged. A replay will be available from noon ET on April 22 through April 29. BankUnited has total assets of $35 billion as of December 31, 2020.