BankUnited (BKU) Stock Up as Q1 Earnings Top, Provisions Fall

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 ...