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Why Is BankUnited (BKU) Up 17.5% Since Last Earnings Report?
ZACKS· 2024-11-21 17:36
It has been about a month since the last earnings report for BankUnited, Inc. (BKU) . Shares have added about 17.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is BankUnited due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. BankUnited's Q3 Earnings Beat on Higher N ...
BankUnited(BKU) - 2024 Q3 - Quarterly Report
2024-11-04 21:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Class Trading Symbol Name of Exchange on Which Registered Common Stock, $0.01 Par Value BKU New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Commission File Number: 001-35039 BankUnited, Inc. (Exact name of registrant as ...
BankUnited's Q3 Earnings Beat on Higher NII & Fall in Provisions
ZACKS· 2024-10-23 13:36
BankUnited, Inc.’s (BKU) third-quarter 2024 earnings of 81 cents per share surpassed the Zacks Consensus Estimate of 73 cents. The bottom line compares favorably with 63 cents in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results were aided by growth in net interest income (NII), lower provisions and a slight improvement in deposit balance. However, lower non-interest income, a fall in loan balance and a jump in expenses were the undermining factors.Net i ...
BankUnited(BKU) - 2024 Q3 - Earnings Call Transcript
2024-10-22 19:34
BankUnited, Inc. (NYSE:BKU) Q3 2024 Earnings Conference Call October 22, 2024 9:00 AM ET Company Participants Jacqueline Bravo - SVP, Tax Director Raj Singh - Chairman, President & CEO Tom Cornish - COO Leslie Lunak - CFO Conference Call Participants Ben Gerlinger - Citi Woody Lay - KBW Jared Shaw - Barclays Timur Braziler - Wells Fargo David Rochester - Compass Point Research David Bishop - Hovde Group Stephen Scouten - Piper Sandler Christopher Marinac - Janney Montgomery Scott Jon Arfstrom - RBC Capital ...
BankUnited(BKU) - 2024 Q3 - Earnings Call Presentation
2024-10-22 17:32
BankUnited Go for more™ Q3 2024 – Supplemental Information October 22, 2024 1 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the current views of BankUnited, Inc. ("BankUnited," "BKU" or the "Company") with respect to, among other things, future events and financial performance. The Company generally identifies forward-looking statements by terminology such as "outlook," "believes," "exp ...
Compared to Estimates, BankUnited (BKU) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-22 14:35
BankUnited, Inc. (BKU) reported $257.02 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 6%. EPS of $0.81 for the same period compares to $0.63 a year ago.The reported revenue represents a surprise of -0.63% over the Zacks Consensus Estimate of $258.65 million. With the consensus EPS estimate being $0.73, the EPS surprise was +10.96%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...
BankUnited, Inc. (BKU) Q3 Earnings Surpass Estimates
ZACKS· 2024-10-22 13:00
BankUnited, Inc. (BKU) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.96%. A quarter ago, it was expected that this company would post earnings of $0.65 per share when it actually produced earnings of $0.72, delivering a surprise of 10.77%.Over the last four quarters, the company ...
BankUnited(BKU) - 2024 Q3 - Quarterly Results
2024-10-22 10:55
Exhibit 99.1 BANKUNITED, INC. REPORTS THIRD QUARTER 2024 RESULTS Miami Lakes, Fla. — October 22, 2024 — BankUnited, Inc. (the "Company") (NYSE: BKU) today announced financial results for the quarter ended September 30, 2024. "We're happy with third quarter results as our balance sheet transformation story continues. Margin expanded again this quarter and credit remains well managed. Looking forward, we are optimistic about the environment, our markets and opportunities to grow core customer relationships. O ...
Why BankUnited, Inc. (BKU) is a Top Dividend Stock for Your Portfolio
ZACKS· 2024-10-21 16:45
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric th ...
BankUnited, Inc. (BKU) Earnings Expected to Grow: Should You Buy?
ZACKS· 2024-10-15 15:06
The market expects BankUnited, Inc. (BKU) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be ...