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Bankunited, Inc. - BKU STOCK NEWS

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. (symbol: BKU) is a prominent bank holding company with its primary subsidiary, BankUnited, headquartered in Miami Lakes, Florida. Known for being one of the largest independent depository and lending institutions in the region, BankUnited offers a comprehensive range of banking services.

The bank operates numerous banking centers throughout Florida and New York City and extends its reach with certain commercial lending and deposit products on a national platform. BankUnited focuses primarily on serving small and middle-market businesses, providing a suite of commercial lending and deposit products through various channels.

The bank's services include commercial and industrial loans, commercial real estate loans, and a variety of deposit products. BankUnited also offers consumer deposit products through an online platform, making banking convenient for customers nationwide.

BankUnited's recent achievements and projects highlight its commitment to growth and financial stability. The bank prides itself on a strong financial condition, solid partnerships, and a forward-thinking approach in the banking industry. Recent news and updates about BankUnited can be found regularly, reflecting the company's dynamic and responsive nature in the market.

Besides focusing on its clientele, BankUnited is also dedicated to the professional growth and well-being of its employees. The company offers competitive benefits, including health, dental, and vision insurance, a 401(k) retirement savings program, tuition reimbursement, employee assistance programs, and flexible spending accounts. Employees also enjoy paid vacation, sick time, and holidays.

BankUnited's mission is to provide high-quality banking services while maintaining robust financial health and supporting its workforce's growth and well-being. The company's strategic approach and comprehensive service offerings make it a significant player in the regional and national banking sectors.

News

BankUnited, Inc. to Announce First Quarter Results

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BankUnited, Inc. (BKU) will release its financial results for the quarter ending March 31, 2024, on April 17, 2024. The conference call with key executives will be held at 9:00 a.m. ET on the same day. Participants can access the earnings release and webcast through the Investor Relations page.
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BankUnited, Inc. Announces Increase in Quarterly Dividend

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BankUnited, Inc. (BKU) increases quarterly cash dividend by 7.4% to $0.29 per common share. Dividend payable on April 30, 2024, to stockholders of record on April 12, 2024.
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BankUnited, Inc. Reports 2023 Results

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BankUnited, Inc. reported net income of $20.8 million for the quarter ended December 31, 2023, compared to $64.2 million for the quarter ended December 31, 2022. For the year ended December 31, 2023, the Company reported net income of $178.7 million, compared to $285.0 million for the year ended December 31, 2022. The financial results were impacted by notable items totaling $41.8 million related to the FDIC special assessment and a loss on the sale of operating lease equipment. The company's net interest margin, non-brokered deposits, and total deposits all experienced growth during the quarter. The capital position remains robust with CET1 at 11.4% and the ACL to total loans ratio increased to 0.82% at December 31, 2023. Non-performing loans totaled $127.0 million at December 31, 2023, down from $136.9 million at September 30, 2023. The net interest income increased to $217.2 million for the quarter ended December 31, 2023. Non-interest income totaled $17.1 million, and non-interest expense totaled $190.9 million for the quarter ended December 31, 2023.
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BankUnited, Inc. to Announce Fourth Quarter and Fiscal Year 2023 Results

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BankUnited, Inc. (BKU) will release its financial results for the quarter and fiscal year ended December 31, 2023, on January 26, 2024. The company will hold a conference call at 9:00 a.m. ET on the same day to discuss the quarterly results. The call will feature Chairman, President, and CEO Rajinder P. Singh, CFO Leslie N. Lunak, and COO Thomas M. Cornish. The earnings release and supplemental information will be available on BankUnited’s Investor Relations page, with a live webcast accessible via the Event Calendar section of the page. Participants can also join by telephone, with an archived webcast available approximately two hours after the live event.
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BankUnited, Inc. Announces Quarterly Dividend

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BankUnited, Inc. (NYSE:BKU) declares a quarterly cash dividend of $0.27 per common share, payable on January 31, 2024, to stockholders of record at the close of business on January 12, 2024.
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BankUnited, Inc. Reports Third Quarter 2023 Results

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BankUnited reports financial results for Q3 2023, showing improvements in margin, funding mix, asset mix, capital, and liquidity. Net income for the quarter was $47.0 million.
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BankUnited, Inc. to Announce Third Quarter Results

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BankUnited, Inc. (NYSE: BKU) will release its financial results for the quarter ended September 30, 2023 on October 19, 2023. A conference call to discuss the results will be held at 9:00 a.m. ET on the same day. The earnings release and supplemental information will be available on BankUnited's Investor Relations page. Participants can join the call via webcast or telephone.
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BankUnited, Inc. Announces Quarterly Dividend

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BankUnited, Inc. (NYSE:BKU) declares quarterly cash dividend of $0.27 per common share.
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BankUnited to Host Gathering of Women Entrepreneurs & Business Leaders At Third Annual “Small Business, Big Dreams” Summit & Live Pitch Event

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BankUnited's Small Business, Big Dreams: Women in Business Summit will award one women-owned small business with a $15,000 grand prize to help grow their business. The event will feature inspirational talks, tips, and networking opportunities. The Summit will also include the Small Business, Big Dreams Challenge, where women small business owners can compete for the grand prize by submitting a video pitch. Cash prizes will be awarded to the top three finalists.
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BankUnited, Inc. Reports Second Quarter 2023 Results

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BankUnited, Inc. reports Q2 2023 financial results with net income of $58.0 million, total deposits growth, and improved liquidity position. Net interest income and margin impacted by increased cost of funds. Total loans decline by $263 million. Credit remains favorable. Capital position is robust.
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FAQ

What is the current stock price of Bankunited (BKU)?

The current stock price of Bankunited (BKU) is $40.71 as of November 15, 2024.

What is the market cap of Bankunited (BKU)?

The market cap of Bankunited (BKU) is approximately 3.0B.

What is BankUnited, Inc.?

BankUnited, Inc. (BKU) is a bank holding company with a primary subsidiary, BankUnited, offering a full range of banking services.

Where is BankUnited headquartered?

BankUnited is headquartered in Miami Lakes, Florida.

What services does BankUnited offer?

BankUnited offers commercial lending, industrial loans, real estate loans, and various deposit products, focusing on small and middle-market businesses.

Does BankUnited provide online banking services?

Yes, BankUnited offers consumer deposit products through an online platform.

What benefits does BankUnited offer to its employees?

BankUnited provides health, dental, vision insurance, 401(k) retirement savings, tuition reimbursement, paid vacation, sick time, and more.

Where can I find the latest news about BankUnited?

The latest news and updates about BankUnited can be found on their official website and financial news platforms.

Is BankUnited involved in commercial real estate lending?

Yes, BankUnited offers commercial real estate loans as part of its service portfolio.

How does BankUnited support small businesses?

BankUnited focuses on small and middle-market businesses, offering tailored commercial lending and deposit products.

What regions does BankUnited primarily serve?

BankUnited primarily serves Florida and New York City, with certain services offered on a national platform.

What is BankUnited's mission?

BankUnited's mission is to provide high-quality banking services while maintaining strong financial health and supporting employee growth.

Stock BKU logo
Bankunited, Inc.

NYSE:BKU

BKU Rankings

#1664 Ranked by Market Cap
#1096 Ranked by Dividends

BKU Stock Data

3.02B
74.75M
1.01%
102.33%
3.52%
Banks - Regional
Savings Institution, Federally Chartered
Link
United States of America
MIAMI LAKES