BankUnited (BKU) Loans & Deposit Balances Aid, High Costs Ail

BankUnited Inc. (BKU) remains well-poised for growth on the back of high rates, decent loans and deposit balances, and solid fee income sources. However, rising expenses and weak asset quality are headwinds.BankUnited’s organic growth is primarily driven by strong loans and deposit balances. Though the company’s revenues fell in 2020 and 2023, the metric witnessed a compound annual growth rate (CAGR) of 2.8% over the three years ending in 2023. Net loans experienced a 3.8% CAGR over the five years ended 202 ...