BankUnited(US:BKU)2023-07-25 16:10Asset Quality & Portfolio - The CRE portfolio is of high quality, with a weighted average Debt Service Coverage Ratio (DSCR) of 1.88 and a weighted average Loan-to-Value (LTV) of 57.1%, with 60% located in Florida[6] - The CRE office portfolio has a weighted average DSCR of 1.61 and a weighted average LTV of 66.2%, with 59% located in Florida[6] - Non-Performing Assets (NPA) ratio was 0.34% as of June 30, excluding the guaranteed portion of non-accrual SBA loans, the ratio is 0.24%[6] - The annualized net charge-off rate was 0.09%[6] - In a CCAR severely adverse scenario, projected lifetime loan portfolio losses are 2.2% and CRE losses are 3.3%[6] Liquidity & Deposits - Same-day available liquidity was $14.7 billion at June 30, an increase from $9.4 billion at March 31[6] - Available liquidity to uninsured, uncollateralized deposit ratio was 167% at June 30, up from 95% at March 31[6] - Total deposits grew by $116 million for the quarter[16] - Non-interest bearing Demand Deposit Accounts (DDA) represent 28% of total deposits at June 30[16] - Cost of total deposits was 2.46% for Q2 2023[16] Capital Position - CET1 ratios are 11.2% at the holding company and 13.0% at the bank[16] - Book value and tangible book value per share grew to $33.94 and $32.90 respectively[16]