BankUnited, Inc.
Description
BankUnited, Inc. 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.
About
CEO
Mr. Rajinder P. Singh
Employees
1,588
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNYS
Address
14817 Oak Lane, Miami Lakes, FL 33016, United States
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 20, 2026 | — | — | — | — |
| Oct 20, 2025 | — | — | — | — |
| Jul 16, 2025 | — | — | — | — |
| Apr 15, 2025 | — | — | — | — |
| Jan 22, 2025 | 0.72 | 0.91 | 0.19 | 26.39% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 7 | 7 | 6 | 7 |
| Average estimate | 0.75 | 0.79 | 3.25 | 3.51 |
| Low estimate | 0.69 | 0.69 | 3.14 | 2.85 |
| High estimate | 0.84 | 0.86 | 3.35 | 3.93 |
| Last year EPS | 0.63 | 0.71 | 3.07 | 3.25 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
18.590%
Next qtr. (Jun 2025)
11.210%
Current year (Dec 2025)
6.120%
Next year (Dec 2026)
7.980%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 960.64M | 990.60M | 929.84M | 884.98M | 899.99M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 347.49M | 283.55M | 262.23M | 239.01M | 252.32M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 237.08M | 375.13M | 449.39M | 249.36M | 404.00M |
| Tax provision | 58.41M | 90.16M | 34.40M | 51.51M | 90.90M |
| Net income | 178.67M | 284.97M | 414.98M | 197.85M | 313.10M |
| Basic EPS | 2.39 | 3.55 | 4.52 | 2.06 | 3.14 |
| Diluted EPS | 2.38 | 3.54 | 4.52 | 2.06 | 3.13 |
| Basic average shares | 73.33M | 78.81M | 90.40M | 91.71M | 95.45M |
| Diluted average shares | 73.33M | 78.81M | 90.40M | 91.71M | 95.45M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 178.67M | 284.97M | 414.98M | 197.85M | 313.10M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | 3.57M | 5.08M | 5.99M | 8.88M | 13.37M |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 588.28M | 572.65M | 314.86M | 397.72M | 214.67M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | — | — | — | — | — |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 582.15M | 772.27M | 848.30M | 844.95M | 844.02M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -210.24M | -232.47M | -207.58M | -181.44M | -145.86M |
| Goodwill | 155.27M | 155.27M | 155.27M | 155.27M | 77.67M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 9.19B | 10.05B | 10.20B | 9.37B | 8.02B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 5.82B | 6.14B | 2.63B | 3.85B | 4.91B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 744,000 | 757,000 | 856,000 | 931,000 | 951,000 |
| Retained earnings | 2.65B | 2.55B | 2.35B | 2.01B | 1.93B |
| Other shareholders equity | -357.42M | -437.91M | -15.94M | -49.15M | -31.83M |
| Total shareholders equity | 2.58B | 2.44B | 3.04B | 2.98B | 2.98B |
| Additional paid in capital | 283.64M | 321.73M | 707.50M | 1.02B | 1.08B |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Net Income | 178.67M | 284.97M | 414.98M | 197.85M | 313.10M | 324.87M | 614.27M | 225.74M | 251.66M | 204.22M | 208.94M | 211.26M | 63.17M | 184.74M | 119.05M |
| Depreciation | 74.06M | 77.62M | 78.50M | 72.51M | 72.43M | 64.27M | 61.55M | 56.44M | 43.39M | 31.55M | 23.18M | 15.06M | 7.99M | 3.40M | 1.20M |
| Deferred Taxes | -46.83M | 1.44M | -9.02M | -27.59M | 24.53M | 67.78M | 57.80M | 30.19M | 29.47M | -39.58M | 8.24M | -72.23M | -15.11M | 24.09M | -2.33M |
| Stock-Based Compensation | 19.63M | 20.94M | 15.89M | 20.37M | 23.37M | 23.14M | 22.69M | 18.03M | 16.03M | 15.55M | 13.94M | 23.20M | 144.77M | 1.30M | — |
| Other Non-Cash Items | 317.66M | 423.89M | 807.10M | 584.43M | 325.47M | 112.62M | 38.16M | 32.65M | 101.16M | 42.69M | 43.20M | 6.16M | -60.77M | -79.64M | -660.65M |
| Accounts Receivable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 26.25M | 399.41M | 31.88M | -102.65M | -61.47M | 311.24M | -360.95M | 54.73M | -2.39M | -11.13M | 52.24M | -50.93M | 57.03M | -89.13M | 46.44M |
| Operating Cash Flow | 569.44M | 1.21B | 1.34B | 744.92M | 697.41M | 903.90M | 433.53M | 417.79M | 439.32M | 243.29M | 349.73M | 132.52M | 197.07M | 44.75M | -496.29M |
| Investing Activities | |||||||||||||||
| Capital Expenditures | 100.33M | 52.24M | -31.42M | -19.60M | -63.79M | -138.37M | -94.60M | -87.98M | -187.33M | -126.83M | -184.09M | -71.11M | -42.60M | -27.54M | -4.89M |
| Net Intangibles | — | — | — | — | — | 34.57M | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | -277.55M | — | — | -1.63M | — | -50.49M | 3.43B |
| Purchase of Investments | -950.37M | -3.45B | -5.90B | -4.34B | -4.31B | -4.45B | -3.38B | -3.31B | -2.24B | -1.63B | -1.14B | -1.35B | -2.07B | -1.50B | -1.82B |
| Sale of Investments | 1.94B | 2.90B | 5.00B | 3.05B | 4.77B | 2.87B | 2.81B | 2.04B | 1.77B | 761.54M | 1.58B | 1.64B | 890.00M | 913.71M | 186.35M |
| Investing Cash Flow | 1.06B | -539.14M | -957.54M | -1.33B | 378.60M | -1.72B | -675.66M | -1.34B | -899.58M | -858.90M | 486.00M | 1.01B | -97.64M | 211.51M | 2.78B |
| Financing Activities | |||||||||||||||
| Long-Term Debt Issuance | 3.43B | 4.65B | 946.00M | 4.15B | 4.51B | 4.65B | 4.92B | 4.03B | 3.57B | 2.76B | 2.63B | 2.61B | — | 605.00M | — |
| Long-Term Debt Payments | -3.73B | -1.14B | -2.16B | -5.22B | -4.83B | -4.62B | -5.39B | -2.80B | -2.48B | -1.87B | -2.13B | -2.92B | -25.29M | -407.48M | -2.80B |
| Other Financing Charges | -22.33M | -12.13M | -6.13M | -7.61M | -25.68M | -7.42M | -8.84M | 5.18M | 3.87M | 4.77M | -2.60M | -53,000 | -2.40M | -7.50M | 928.29M |
| Financing Cash Flow | -461.58M | 3.02B | -1.63B | -1.26B | -578.80M | -373.70M | -569.47M | 1.15B | 1.01B | 812.06M | 427.18M | -391.74M | 15.14M | 170.04M | -1.87B |
| Other Cash Details | |||||||||||||||
| End Cash Position | 588.28M | 572.65M | 314.86M | 397.72M | 214.67M | 382.07M | 194.58M | 448.31M | 267.50M | 187.52M | 252.75M | 495.35M | 303.74M | 564.77M | 356.22M |
| Income Tax Paid | 48.78M | — | 248.47M | 8.64M | 229,000 | — | 69.23M | 16.46M | 29.35M | 129.99M | 97.63M | 257.96M | 80.22M | 197.22M | — |
| Interest Paid | 950.48M | 294.14M | 169.29M | 336.99M | 518.86M | 387.80M | 247.55M | 186.53M | 130.96M | 105.39M | 93.74M | 143.16M | 164.96M | 217.95M | 227.42M |
| Free Cash Flow | 657.50M | 1.29B | 1.19B | 844.57M | 571.92M | 633.75M | 219.07M | 219.95M | 32.15M | -176.58M | -251.20M | -422.72M | -291.18M | -475.60M | -358.02M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 4,734,476 | 193.12M | 6.33% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 2,406,726 | 98.17M | 3.22% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,869,730 | 76.27M | 2.50% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,803,885 | 73.58M | 2.41% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 1,395,397 | 56.92M | 1.87% |
| Price (T.Rowe) Small-Cap Value Fund | Sep 30, 2024 | 1,390,522 | 56.72M | 1.86% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 1,266,727 | 51.67M | 1.69% |
| JP Morgan Small Cap Equity Fund | Sep 30, 2024 | 1,251,403 | 51.04M | 1.67% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 1,115,859 | 45.52M | 1.49% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 1,107,836 | 45.19M | 1.48% |
Article
BankUnited Names New Executive Vice President to Lead Business Banking in Florida and Texas Markets
MIAMI LAKES, Fla.--(BUSINESS WIRE)-- #BusinessBanking--Lynetta Tipton Steed will lead business banking in Florida and Texas as executive vice president for Miami Lakes-based BankUnited.
Feb 4, 2025
Article
BankUnited: Solid Deposits But Light Reserves Leave Shares Fairly Valued (Rating Downgrade)
BankUnited shares gained 36% over the past year, driven by improved deposit performance and hopes for an easier regulatory environment. Despite strong financials and a 16% return since September, I am less bullish due to valuation concerns and limited buyback prospects. The deposit mix has improved with NIB balances growing over the past year, which has improved NIM and return on equity.
Jan 31, 2025
Article
BKU's Q4 Earnings Beat on Higher NII & Lower Provisions, Stock Down
BankUnited's fourth-quarter 2024 results top estimates on higher NII, non-interest income, lower expenses and provisions. Yet, weak asset quality is a concern.
Jan 23, 2025
