Financial Performance - BankUnited, Inc. reported total consolidated assets of $37.0 billion as of December 31, 2022[21]. - The company reported a comprehensive loss of $(501,770) thousand for the year ended December 31, 2022[220]. - The provision for income taxes for the year ended December 31, 2022, was $90.161 million, representing an effective tax rate of 24.03%[149]. - The company recorded a tax benefit of $43.9 million during the year ended December 31, 2021, related to a settlement with the Florida Department of Revenue[153]. Loan Portfolio - As of December 31, 2022, the total loan portfolio amounted to $24.89 billion, an increase of $1.1 billion from the previous year[62]. - The commercial loan portfolio's amortized cost was $15,985,274,000, with 95.4% classified as pass loans, reflecting an improvement from 90.5% in 2021[124]. - Residential and other consumer loans grew by $532 million for the year ended December 31, 2022, reaching a total of $8.90 billion[63]. - The loan portfolio composition shows non-owner occupied commercial real estate at $5.41 billion, representing 21.7% of the total[62]. - The company does not originate residential mortgages but invests in residential loans through correspondent channels, diversifying its loan portfolio[23]. Credit Quality - Non-performing loans totaled $105.019 million as of December 31, 2022, down from $205.909 million in 2021, indicating a reduction of approximately 49%[136]. - The ratio of non-performing loans to total loans decreased to 0.42% at December 31, 2022, compared to 0.87% in the previous year[136]. - The allowance for credit losses was $147.95 million as of December 31, 2022, compared to $126.46 million the previous year[62]. - The allowance for credit losses (ACL) increased to $147.946 million as of December 31, 2022, from $126.457 million in 2021, representing a growth of 17%[196]. Investment Securities - The investment securities available for sale portfolio had a net unrealized loss of $674.2 million at December 31, 2022, compared to a net unrealized gain of $3.8 million at December 31, 2021[51]. - The company reported unrealized losses on investment securities available for sale of $(674,115) thousand for the year ended December 31, 2022[178]. - The balance of unrealized gain (loss) on investment securities available for sale was $(498,911) thousand as of December 31, 2022[220]. Deposits and Funding - BankUnited's deposit growth strategy is focused on small business and middle-market companies, with demand deposit balances concentrated in commercial and small business accounts[35]. - Average balances for demand deposits in 2022 were $27,612,928 thousand, with an average interest rate of 0.65%[95]. - Time deposits with balances greater than $250,000 totaled $730 million at December 31, 2022, up from $603 million in 2021[95]. - Interest expense on deposits for 2022 was $179,972 thousand, significantly higher than $67,596 thousand in 2021, indicating a substantial increase in deposit costs[99]. Risk Management - The company regularly engages with bond managers to monitor trends in underlying collateral and potential downgrades[55]. - The company has implemented loss mitigation strategies for residential loans in default, including modifications and short sales[188]. - The company utilizes a 16-grade internal asset risk classification system to monitor and maintain commercial asset quality[123]. Community Engagement - The company is actively involved in community initiatives such as the "Adopt A Neighborhood" program and the "Entrepreneurship Initiative" to support under-served communities[77]. Future Outlook - The company launched a wholesale banking office in Atlanta in 2022 and plans to open a full-service branch in Dallas, Texas, in 2023, indicating future growth opportunities[36]. - The economic forecast used for estimating the ACL included a projected national unemployment rate of 3.8% for Q1 2023, increasing to 4.2% by the end of 2023[205].

BankUnited, Inc. (NYSE:BKU) Q4 2022 Earnings Conference Call January 19, 2023 9:00 AM ET Company Participants Susan Greenfield - Corporate Secretary Raj Singh - Chairman, President & Chief Executive Officer Tom Cornish - Chief Operating Officer Leslie Lunak - Chief Financial Officer Conference Call Participants Ben Gerlinger - Hovde Group Will Jones - KBW Timur Braziler - Wells Fargo Alex Lau - JPMorgan Stephen Scouten - Piper Sandler Jon Arfstrom - RBC Capital Operator Good day and thank you for standing b ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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, 2022 Commission File Number: 001-35039 BankUnited, Inc. (Exact name of registrant as specified in its charter) Delaware 27-0162450 (State or other jurisdiction of incorporation or organization) (I.R.S. ...

BankUnited, Inc. (NYSE:BKU) Q3 2022 Earnings Conference Call October 20, 2022 9:00 AM ET Company Participants Susan Greenfield - Investor Relations, Corporate Secretary Rajinder Singh - President and Chief Executive Officer Thomas Cornish - Chief Operating Officer Leslie Lunak - Chief Financial Officer Conference Call Participants Ben Gerlinger - Hovde Group, LLC Brady Gailey - Keefe, Bruyette & Woods, Inc. Stephen Scouten - Piper Sandler Operator Ladies and gentlemen, thank you for standing by, and welcome ...

BankUnited Go for more™ | --- | --- | --- | |------------------|--------------|-------| | | | | | Q3 2022 – | Supplemental | | | Information | | | | October 20, 2022 | | | 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 gene ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 June 30, 2022 Commission File Number: 001-35039 BankUnited, Inc. (Exact name of registrant as specified in its charter) Delaware 27-0162450 (State or other jurisdiction of incorporation or organization) (I.R.S. Empl ...

BankUnited, Inc. (NYSE:BKU) Q2 2022 Earnings Conference Call July 21, 2022 9:00 AM ET Company Participants Susan Greenfield - Corporate Secretary Rajinder Singh - Chairman, President & CEO Tom Cornish - COO Leslie Lunak - CFO Conference Call Participants Ben Gerlinger - Hovde Group Will Jones - KBW Stephen Scouten - Piper Sandler Operator Good day, and thank you for standing by. Welcome to the BankUnited 2022 Second Quarter Earnings Call. At this time, all participants are in listen-only mode. After the spe ...

BankUnited Go for more™ Q2 2022 – Supplemental Information July 21, 2022 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," "expects, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 March 31, 2022 Commission File Number: 001-35039 BankUnited, Inc. (Exact name of registrant as specified in its charter) Delaware 27-0162450 (State or other jurisdiction of incorporation or organization) (I.R.S. Emp ...

BankUnited Go for more™ Q1 2022 – Supplemental Information April 21, 2022 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," "expects ...