Bankunited Inc - BKU STOCK NEWS

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.

BankUnited, Inc. (NYSE: BKU) reported its financial results for Q2 2022, showing net income of $65.8 million, a slight decrease from $67.2 million in Q1 2022, and down from $104 million in Q2 2021. Loan growth was strong, with a $780 million increase, largely in commercial segments. The net interest margin expanded to 2.63%, up from 2.50% sequentially. However, a provision for credit losses of $24 million was recorded, compared to $7.8 million in Q1 2022. The bank’s total assets reached $36.6 billion, and the value of non-performing loans decreased to 0.60% of total loans.

BankUnited, Inc. (NYSE: BKU) will release its financial results for the quarter ending June 30, 2022, on July 21, 2022, before market hours. A conference call with top executives will follow at 9:00 a.m. ET to discuss these results. Investors can access the earnings release and supplementary information on the Investor Relations page prior to the call. BankUnited, headquartered in Miami Lakes, Florida, has total assets of $36.3 billion as of March 31, 2022, serving customers in Florida, New York, and Texas.

BankUnited, Inc. (NYSE:BKU) has declared a quarterly cash dividend of $0.25 per common share. The dividend is set to be paid on July 29, 2022, to stockholders of record as of July 14, 2022. This announcement reflects the company’s ongoing commitment to returning value to shareholders. As of March 31, 2022, BankUnited's total assets amounted to $36.3 billion, highlighting its strong financial position.

BankUnited, N.A. has appointed Nate Seymour as market executive for southeast commercial real estate banking in Atlanta. Seymour brings nearly a decade of experience, previously working as VP of commercial real estate at Truist. He will lead BankUnited's commercial real estate lending team, focusing on clients in Georgia, Alabama, Tennessee, North Carolina, and South Carolina. The Atlanta office will also provide corporate banking, treasury management, and healthcare banking services.

BankUnited (BKU) reported a net income of $67.2 million or $0.79 per diluted share for Q1 2022, down from $125.3 million or $1.41 per diluted share in Q4 2021. Total deposits saw a decline of $897 million while non-interest bearing demand deposits increased by $688 million, representing 34% of total deposits. The net interest margin expanded to 2.50%, and the company announced a cash dividend increase of 9% to $0.25 per share. Despite market volatility, management remains optimistic about growth, with plans for expansion into new markets.

BankUnited has launched a new corporate banking office in Atlanta, expanding its reach beyond its core markets in Florida and New York. The bank has appointed Adam Gordon as the market executive and corporate banking team leader. With $35.8 billion in total assets as of December 31, 2021, the Atlanta office will focus on corporate banking, treasury management, and commercial real estate lending. This expansion is part of BankUnited's strategy to strengthen its presence in the Southeast and cater to middle-market and large companies in the area.

BankUnited, Inc. (NYSE: BKU) will release its financial results for Q1 2022 on April 21, 2022, before market opening. A conference call featuring CEO Rajinder P. Singh and CFO Leslie N. Lunak will follow at 9:00 a.m. ET. Interested investors can access the release on the Investor Relations page. Due to high demand, participants are encouraged to join via live webcast. The conference ID is 6761489, and a replay will be available from April 21 to April 28.

BankUnited, Inc. (NYSE:BKU) announced a quarterly cash dividend of $0.25 per share, marking a 9% increase from the previous $0.23 per share. The dividend is set to be paid on April 29, 2022 to shareholders on record by April 14, 2022. With total assets of $35.8 billion as of December 31, 2021, BankUnited continues to provide a full range of banking services in Florida and New York.