BankUnited (BKU) Loans & Deposit Balances Aid, High Costs Ail [Yahoo! Finance]
BankUnited, Inc. (BKU)
Last bankunited, inc. earnings: 4/29 06:45 am
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Source: Yahoo! Finance
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 2023. BKU has also been strategically shifting its deposit mix to low-cost deposits in order to drive revenues further. As of Dec 31, 2023, non-interest-bearing demand deposits constituted 25.8% of total deposits. Decent loan demand and fee income expansion efforts are likely to support the top line. We project total revenues to rise 2.2%, 4.2% and 2.7% in 2024, 2025 and 2026, respectively. Moreover, total net loans are likely to be relatively stable this year, per our projections. The Federal Reserve implemented 11 rate hikes between March 2022 and July 2023 to combat inflation, which is expected to remain high going fo
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BKU
News
- BankUnited (BKU) Stock Up as Q1 Earnings Top, Provisions Fall [Yahoo! Finance]Yahoo! Finance
- BankUnited, Inc. (NYSE: BKU) had its price target lowered by analysts at Keefe, Bruyette & Woods from $33.00 to $31.00. They now have a "market perform" rating on the stock.MarketBeat
- BankUnited (BKU) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- BankUnited, Inc. (BKU) Surpasses Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- BankUnited, Inc. Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
BKU
Earnings
- 4/17/24 - Beat
BKU
Sec Filings
- 4/25/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/4/24 - Form DEF
- BKU's page on the SEC website