BankUnited (BKU) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - BankUnited, Inc. reported a revenue of $264.46 million for the quarter ended December 2024, reflecting a year-over-year increase of 12.9% [1] - The earnings per share (EPS) for the quarter was $0.91, up from $0.72 in the same quarter last year, indicating a significant improvement [1] - The reported revenue exceeded the Zacks Consensus Estimate of $259.7 million by 1.83%, while the EPS surpassed the consensus estimate of $0.71 by 28.17% [1] Financial Performance Metrics - Net Interest Margin stood at 2.8%, aligning with the average estimate from four analysts [4] - Net charge-offs to average loans were reported at 0.2%, matching the average estimate from three analysts [4] - Average Interest-Earning Assets totaled $34.18 billion, slightly below the average estimate of $34.41 billion from three analysts [4] - Total non-performing loans amounted to $250.70 million, exceeding the average estimate of $225.96 million from two analysts [4] - Net interest income before provision for credit losses was $239.26 million, surpassing the average estimate of $237.17 million from four analysts [4] - Total Non-Interest Income reached $25.21 million, above the average estimate of $22.54 million from four analysts [4] - Other non-interest income was reported at $12.25 million, exceeding the average estimate of $11.91 million from three analysts [4] - Lease financing income was $7.16 million, compared to the average estimate of $5.41 million from three analysts [4] - Net Interest Income (FTE basis) was $242.94 million, above the average estimate of $239.39 million from three analysts [4] - Deposit service charges and fees were reported at $4.99 million, slightly below the average estimate of $5.13 million from three analysts [4] Stock Performance - BankUnited's shares have returned +3.9% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]