BankUnited(US:BKU)2024-10-22 17:32Financial Performance - Net interest income increased by $19 million, representing a 4% quarter-over-quarter growth, reaching $234 million in Q3 2024[6] - Net income increased by $14 million to $61 million in Q3 2024, with EPS rising to $081[6] - The net interest margin (NIM) expanded by 006% to 278% for the quarter and reached 269% year-to-date[5] Balance Sheet & Capital - Non-brokered deposits grew by $17 billion for the nine months ended September 30, 2024[5] - Wholesale funding decreased by $19 billion for the nine months ended September 30, 2024[5] - The CET1 ratio stood at 118%, and the TCE/TA ratio increased to 76%[5] - Available liquidity was $150 billion, covering 147% of uninsured, uncollateralized deposits[5] Loan Portfolio & Asset Quality - Core C&I and CRE loans grew by $286 million for the nine months ended September 30, 2024[5] - The allowance for credit losses (ACL) to loans increased to 094%, with the commercial ACL at 141%[5] - Annualized net charge-offs were 012%[5] - The non-performing assets (NPA) ratio, excluding guaranteed SBA loans, was 054%[5] CRE Portfolio - Office properties constitute 30% of the total CRE portfolio, with a weighted average debt service coverage ratio (DSCR) of 156 and a weighted average loan-to-value (LTV) of 654%[15] - Only 8% of the total CRE portfolio is fixed and maturing in the next 12 months[17]