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Jun 30, 2020
BankUnited Q2 2020 Earnings Report
Reported strong financial performance amidst a challenging environment, delivering for customers, employees, and shareholders.
Key Takeaways
BankUnited reported a net income of $76.5 million, or $0.80 per diluted share, for the quarter ended June 30, 2020. The financial performance was strong despite the challenging environment, with pre-tax, pre-provision net revenue improving significantly.
Net income was $76.5 million, or $0.80 per diluted share.
Pre-tax, pre-provision net revenue improved by $37.3 million, or 44%, to $122.3 million.
Net interest margin increased to 2.39%.
Non-interest bearing demand deposits grew by $1.3 billion, or 28%.
BankUnited
BankUnited
BankUnited Revenue by Segment
Revenue by Segment
Non-owner occupied CRE Revenue
CapyFin.comConstruction and land Revenue
CapyFin.comOwner occupied CRE Revenue
CapyFin.comCommercial and industrial Revenue
CapyFin.comMortgage warehouse lending Revenue
CapyFin.com Forward Guidance
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company’s current views with respect to, among other things, future events and financial performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income