Loading...
•
Mar 31, 2022
BankUnited Q1 2022 Earnings Report
Reported a net income of $67.2 million, with earnings per diluted share at $0.79.
Key Takeaways
BankUnited reported a net income of $67.2 million for the quarter ended March 31, 2022, or $0.79 per diluted share. The results were impacted by declines in the fair value of investment securities. The company's net interest margin expanded to 2.50%.
Expanded outside core geographic markets by opening a corporate banking office in Atlanta and expecting to open a full service banking branch in the Dallas area in late April, 2022
Newsweek named BankUnited one of America's most trusted companies.
Increased cash dividend by $0.02 to $0.25 per common share, reflecting a 9% increase.
Net interest margin expanded to 2.50%.
BankUnited
BankUnited
Forward Guidance
Company remains optimistic about the rest of 2022 and continue to invest in and grow our core franchise.