This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.' In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's ...

BankUnited, Inc. (BKU) is well-positioned for growth on the back of decent loans and deposit balance and fee income growth. Further, the current high interest rates environment will aid its financials. Analysts are also optimistic about the stock's earnings growth potential. Over the past 30 days, the Zacks Consensus Estimate for earnings for both 2024 and 2025 has moved upward by a penny. BKU currently carries a Zacks Rank #2 (Buy). Over the past month, shares of BankUnited have rallied 5.7%, outperforming ...

It has been about a month since the last earnings report for BankUnited, Inc. (BKU) . Shares have added about 16% 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 Q1 Earnings Top Estimates as Pr ...

BANKUNITED, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED March 31, 2024 BANKUNITED, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED March 31, 2024 Credit quality indicators for residential loans BANKUNITED, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - UNAUDITED March 31, 2024 | --- | --- | |-------------------------|-------| | | | | LTV Less than 61% | | | | | | 61% - 70% | | | 71% - 80% More than 80% | | | | | | | | | LTV | ...

Shares of BankUnited, Inc. (BKU) gained 2.9% in response to better-than-expected first-quarter 2024 results. Quarterly earnings of 64 cents per share surpassed the Zacks Consensus Estimate of 62 cents. In the prior-year quarter, the company had reported earnings of 70 cents. The just-reported quarter’s earnings included expenses related to FDIC special assessment.Results were aided by an increase in non-interest income and deposits and a decline in provisions. However, lower net interest income (NII) and lo ...

BankUnited, Inc. (NYSE:BKU) Q1 2024 Earnings Call Transcript April 17, 2024 9:00 AM ET Company Participants Susan Greenfield - Corporate Secretary Raj Singh - Chairman, President, and CEO Tom Cornish - COO Leslie Lunak - CFO Conference Call Participants Benjamin Gerlinger - Citi Stephen Scouten - Piper Sandler Jared Shaw - Barclays Woody Lay - KBW Steven Alexopoulos - J.P. Morgan David Bishop - Hovde Group Operator Good day and thank you for standing by. Welcome to BankUnited First Quarter 2024 Earnings Con ...

C&I | --- | --- | --- | --- | --- | |----------------------|---------------------------|-----------------|-----------------|------------------------------| | Property Type | Florida \nWtd. Avg. DSCR | \nWtd. Avg. LTV | Wtd. Avg. DSCR | NY Tri State \nWtd. Avg. LTV | | Office | | 1.68 64.5 % | | 1.61 61.6 % | | Warehouse/Industrial | | 2.13 50.0 % | | 1.83 37.2 % | | Multifamily | | 2.46 45.3 % | | 1.35 50.8 % | | Retail | | 1.82 58.6 % | | 1.38 61.0 % | | Hotel | | 2.22 44.7 % | | 2.37 21.4 % | | Other 1.94 ...

For the quarter ended March 2024, BankUnited, Inc. (BKU) reported revenue of $241.73 million, down 1.1% over the same period last year. EPS came in at $0.64, compared to $0.70 in the year-ago quarter.The reported revenue represents a surprise of +0.79% over the Zacks Consensus Estimate of $239.84 million. With the consensus EPS estimate being $0.62, the EPS surprise was +3.23%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

BankUnited, Inc. (BKU) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.23%. A quarter ago, it was expected that this company would post earnings of $0.72 per share when it actually produced earnings of $0.72, delivering no surprise.Over the last four quarters, the company has surpas ...

[BankUnited, Inc. First Quarter 2024 Earnings Release](index=1&type=section&id=BANKUNITED,%20INC.%20REPORTS%20FIRST%20QUARTER%202024%20RESULTS) [Q1 2024 Financial and Strategic Highlights](index=1&type=section&id=Quarterly%20Highlights) BankUnited reported **$48.0 million** net income and **$0.64** diluted EPS, reflecting improved funding mix, strengthened capital, and favorable credit quality Quarterly Financial Performance | Metric | Q1 2024 | Q4 2023 | Q1 2023 | | :--- | :--- | :--- | :--- | | Net Income | $48.0 million | $20.8 million | $52.9 million | | Diluted EPS | $0.64 | $0.27 | $0.70 | - The company demonstrated strong execution on key strategic priorities, including improving its funding mix, managing its loan portfolio, maintaining favorable credit, and building a robust capital position[5](index=5&type=chunk) - Wholesale funding, including FHLB advances and brokered deposits, was reduced by **$1.4 billion** during the quarter[5](index=5&type=chunk) - Non-interest bearing demand deposits grew by **$404 million**, increasing their share of total deposits to **27%** from **26%** in the prior quarter[19](index=19&type=chunk) - The quarterly common stock dividend was increased by **$0.02** to **$0.29** per share, a **7%** increase[26](index=26&type=chunk) [Financial Performance Details](index=4&type=section&id=Net%20Interest%20Income) Net interest income slightly decreased to **$214.9 million**, while non-interest income increased and non-interest expense declined due to a one-time FDIC assessment - Net interest income was **$214.9 million** for Q1 2024, compared to **$217.2 million** for Q4 2023[30](index=30&type=chunk) - The tax-equivalent net interest margin was **2.57%**, a minor decrease of **3 basis points** from **2.60%** in the previous quarter[31](index=31&type=chunk) - Non-interest income increased to **$26.9 million** from **$17.1 million** in Q4 2023, largely driven by a **$2.7 million** gain on disposition of operating lease equipment compared to a **$6.5 million** loss in the prior quarter[33](index=33&type=chunk) - Non-interest expense was **$159.2 million**, significantly lower than the **$190.9 million** in Q4 2023, which included the initial **$35.4 million** for the FDIC special assessment[52](index=52&type=chunk)[25](index=25&type=chunk) [Loan and Deposit Portfolio](index=1&type=section&id=Loans) Total loans decreased to **$24.2 billion** due to strategic reductions, while total deposits grew by **$489 million**, improving the funding mix - Total loans declined by **$407 million** during the quarter, with a strategic reduction of **$152 million** in residential loans and a **$226 million** decline in core C&I and CRE portfolios[6](index=6&type=chunk)[13](index=13&type=chunk) Loan Portfolio Composition (in thousands) | Loan Category | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Commercial & Industrial (C&I) | $6,745,622 | $6,971,981 | | Commercial Real Estate (CRE) | $5,838,771 | $5,819,233 | | Residential | $8,056,972 | $8,209,027 | | Other | $3,585,935 | $3,633,443 | | **Total Loans** | **$24,226,300** | **$24,633,684** | - Total deposits grew by **$489 million**, while FHLB advances were paid down by **$3.6 billion** compared to one year ago, improving the funding mix[19](index=19&type=chunk)[20](index=20&type=chunk) - The average cost of total deposits increased by **22 basis points** to **3.18%** for the quarter, but the spot cost of total deposits stabilized, ending the quarter at **3.17%**[23](index=23&type=chunk) [Asset Quality and Capital Position](index=1&type=section&id=Asset%20Quality%20and%20the%20ACL) Asset quality remained strong with declining NPA and low net charge-offs, while capital ratios, including CET1 at **11.6%**, demonstrated a robust position Key Asset Quality Ratios | Ratio | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | NPA to Total Assets | 0.34% | 0.37% | | Annualized Net Charge-off Ratio | 0.02% | 0.09% | | ACL to Total Loans | 0.90% | 0.82% | - Non-performing assets (NPAs) decreased to **$118.9 million** from **$130.6 million** at the end of the prior quarter[15](index=15&type=chunk) - Commercial real estate (CRE) loans represent **24%** of total loans and **166%** of total risk-based capital, which is below the peer median of **35%** and **225%**, respectively[9](index=9&type=chunk) Key Capital Ratios | Ratio | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | CET1 Risk-based Capital | 11.6% | 11.4% | | Total Risk-based Capital | 13.7% | 13.4% | | Tangible Common Equity / Tangible Assets | 7.3% | 7.0% | [Consolidated Financial Statements and Reconciliations](index=7&type=section&id=Financial%20Statements) This section provides detailed unaudited consolidated financial statements, including balance sheets, income statements, and non-GAAP reconciliations [Consolidated Balance Sheets](index=7&type=section&id=Consolidated%20Balance%20Sheets) Total assets were **$35.1 billion**, with deposits increasing to **$27.0 billion** and FHLB advances significantly decreasing to **$3.9 billion** Consolidated Balance Sheets (in thousands) | (in thousands) | March 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | **Total Assets** | **$35,105,654** | **$35,761,607** | | Loans, net | $24,008,744 | $24,430,995 | | Total Deposits | $27,027,364 | $26,538,478 | | FHLB Advances | $3,905,000 | $5,115,000 | | **Total Liabilities** | **$32,465,262** | **$33,183,686** | | **Total Stockholders' Equity** | **$2,640,392** | **$2,577,921** | [Consolidated Statements of Income](index=8&type=section&id=Consolidated%20Statements%20of%20Income) The company reported net interest income of **$214.9 million**, with a **$15.3 million** provision for credit losses, resulting in **$48.0 million** net income Consolidated Statements of Income (in thousands) | (in thousands) | Q1 2024 | Q4 2023 | Q1 2023 | | :--- | :--- | :--- | :--- | | Net Interest Income | $214,857 | $217,210 | $227,874 | | Provision for Credit Losses | $15,285 | $19,253 | $19,788 | | Total Non-interest Income | $26,877 | $17,092 | $16,535 | | Total Non-interest Expense | $159,240 | $190,863 | $152,780 | | **Net Income** | **$47,980** | **$20,812** | **$52,882** | [Earnings Per Share (EPS) Calculation](index=10&type=section&id=Earnings%20Per%20Share) Basic and diluted earnings per common share were **$0.64** for Q1 2024, compared to **$0.27** in the prior quarter Earnings Per Common Share | Metric | Q1 2024 | Q4 2023 | Q1 2023 | | :--- | :--- | :--- | :--- | | Basic EPS | $0.64 | $0.27 | $0.71 | | Diluted EPS | $0.64 | $0.27 | $0.70 | [Non-GAAP Financial Measures](index=12&type=section&id=Non-GAAP%20Financial%20Measures) This section reconciles non-GAAP tangible book value per common share, which increased to **$34.27** as of March 31, 2024 Reconciliation of Book Value to Tangible Book Value per Share | Metric | March 31, 2024 | December 31, 2023 | March 31, 2023 | | :--- | :--- | :--- | :--- | | Book Value per Common Share | $35.31 | $34.66 | $33.34 | | Tangible Book Value per Common Share | $34.27 | $33.62 | $32.30 |