Bankunited, Inc. - BKU STOCK NEWS

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 An archived version will be available for those who miss the live call.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.

BankUnited, Inc. (NYSE:BKU) has declared a quarterly cash dividend of $0.23 per common share. This dividend will be payable on April 30, 2021 to stockholders of record by April 15, 2021. With total assets of $35.0 billion as of December 31, 2020, BankUnited offers banking services to individual and corporate customers in Florida and the New York metropolitan area. For more information, visit www.BankUnited.com.

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.