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0 0 0 0.022718214428059 0.022718214428059 -0.0243124750896771 -0.0243124750896771 0.0163411717815863
Stock impact report

BankUnited, Inc. Reports First Quarter 2024 Results [Yahoo! Finance]

BankUnited, Inc. (BKU) 
Last bankunited, inc. earnings: 4/29 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.bankunited.com
Company Research Source: Yahoo! Finance
"This quarter was a good start to 2024, with continued improvement in the funding mix, a stable margin and strong credit performance," said Rajinder Singh, Chairman, President and Chief Executive Officer. For the quarter ended March 31, 2024, the Company reported net income of $48.0 million, or $0.64 per diluted share, compared to $20.8 million, or $0.27 per diluted share, for the immediately preceding quarter ended December 31, 2023 and $52.9 million, or $0.70 per diluted share, for the quarter ended March 31, 2023. Quarterly Highlights This quarter embodied strong execution on key strategic priorities: The funding mix continued to improve as non-interest bearing demand deposits grew by $404 million for the quarter ended March 31, 2024. Non-brokered deposits grew by $644 million and total deposits grew by $489 million. Non-interest bearing demand deposits represented 27% of total deposits at March 31, 2024, up from 26% at December 31, 2023. Wholesale funding, including FHL Show less Read more
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