BankUnited Inc

For the period ended Mar 31, 2024. Filed Apr 25, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 25, 2024

BKU$44.11-0.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED

(In thousands, except per share data)

	Three Months Ended March 31,
	2024	2023
Interest income:
Loans	$347,257	$308,795
Investment securities	124,179	118,758
Other	10,038	12,863
Total interest income	481,474	440,416
Interest expense:
Deposits	209,998	133,630
Borrowings	56,619	78,912
Total interest expense	266,617	212,542
Net interest income before provision for credit losses	214,857	227,874
Provision for credit losses	15,285	19,788
Net interest income after provision for credit losses	199,572	208,086
Non-interest income:
Deposit service charges and fees	5,499	5,545
Gain (loss) on investment securities, net	775	(12,549)
Lease financing	11,440	13,109
Other non-interest income	9,163	10,430
Total non-interest income	26,877	16,535
Non-interest expense:
Employee compensation and benefits	75,920	71,051
Occupancy and equipment	10,569	10,802
Deposit insurance expense	13,530	7,907
Professional fees	2,510	2,918
Technology	20,315	21,726
Depreciation of operating lease equipment	9,213	11,521
Other non-interest expense	27,183	26,855
Total non-interest expense	159,240	152,780
Income before income taxes	67,209	71,841
Provision for income taxes	19,229	18,959
Net income	$47,980	$52,882
Earnings per common share, basic	$0.64	$0.71
Earnings per common share, diluted	$0.64	$0.70

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.