BankUnited (BKU) Q4 Earnings Meet, Revenues & Provisions Fall Y/Y

BankUnited, Inc.’s (BKU) fourth-quarter 2023 adjusted earnings of 72 cents per share met the Zacks Consensus Estimate. In the prior-year quarter, the company reported earnings of 82 cents. The reported quarter’s earnings excluded expenses related to FDIC special assessment and a loss on sale of operating lease equipment.Results were aided by a decline in provisions. However, lower net interest income (NII) and non-interest income, along with higher expenses, were the undermining factors.Net income was $20.8 ...