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Jun 30, 2021
BankUnited Q2 2021 Earnings Report
Reported financial results for the quarter ended June 30, 2021.
Key Takeaways
BankUnited, Inc. reported a net income of $104.0 million, or $1.11 per diluted share, for the quarter ended June 30, 2021, compared to $76.5 million, or $0.80 per diluted share, for the quarter ended June 30, 2020.
Net income for the quarter ended June 30, 2021 was $104.0 million, or $1.11 per diluted share.
Pre-tax, pre-provision net revenue (PPNR) was $112.6 million for the quarter ended June 30, 2021.
Net interest income increased by $2.1 million compared to the immediately preceding quarter ended March 31, 2021 and by $8.0 million compared to the quarter ended June 30, 2020.
Total criticized and classified loans declined by $541 million, or 21%, to $2.1 billion at June 30, 2021 from $2.6 billion at March 31, 2021.
BankUnited
BankUnited
Forward Guidance
The Company's Board of Directors authorized the repurchase of up to $150 million in shares of its outstanding common stock.