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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.
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.
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.
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.
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