BankUnited Q2 2023 Earnings Report

BankUnited EPS Results

• Actual EPS: $0.78
• Consensus EPS: $0.78
• Beat/Miss: Met Expectations
• One Year Ago EPS: $0.82

BankUnited Revenue Results

• Actual Revenue: $488.91 million
• Expected Revenue: $247.56 million
• Beat/Miss: Beat by +$241.35 million
• YoY Revenue Growth: N/A

BankUnited Announcement Details

• Quarter: Q2 2023
• Date: 7/25/2023
• Time: Before Market Opens

BankUnited (NYSE:BKU) operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services. Its loans portfolio includes commercial loans, including equipment loans, secured and unsecured lines of credit, formula-based lines of credit, owner-occupied commercial real estate term loans and lines of credit, mortgage warehouse lines, subscription finance facilities, letters of credit, commercial credit cards, small business administration and U.S. department of agriculture product offerings, export-import bank financing products, trade finance, and business acquisition finance credit facilities; commercial real estate loans; residential mortgages; and other consumer loans. The company offers online, mobile, and telephone banking services. It operates through a network of banking centers located in Florida counties and the New York metropolitan area, as well as Dallas, Texas. The company was formerly known as BU Financial Corporation. BankUnited, Inc. was incorporated in 2009 and is headquartered in Miami Lakes, Florida.