Loading...
•
Jun 30, 2022
BankUnited Q2 2022 Earnings Report
Reported strong loan growth and margin expansion, highlighted by the opening of a Dallas branch and Atlanta wholesale banking office.
Key Takeaways
BankUnited reported a net income of $65.8 million, or $0.82 per diluted share, for the quarter ended June 30, 2022. The company experienced strong loan growth, particularly in commercial segments, and an expansion of the net interest margin. They also opened new locations in Dallas and Atlanta.
Total loans, excluding PPP loans, grew by $780 million, with $553 million in commercial segments.
Average non-interest bearing demand deposits increased by $371 million for the quarter.
Net interest margin expanded to 2.63%, with net interest income increasing by $16.8 million compared to the previous quarter.
The company repurchased approximately 6.1 million shares of its common stock for $243.6 million.
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