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Jun 30, 2023
BankUnited Q2 2023 Earnings Report
Reported net income of $58.0 million and total deposits grew by $116 million.
Key Takeaways
BankUnited reported a net income of $58.0 million for the quarter ended June 30, 2023. Total deposits grew by $116 million during the quarter, while the company focused on executing its long-term strategy of building a relationship-oriented bank amid receding capital market volatility and a resilient economy.
Total deposits grew by $116 million during the quarter ended June 30, 2023.
Available liquidity improved to $14.7 billion at June 30, 2023, with the available liquidity to uninsured, uncollateralized deposits ratio improving to 167%.
Outstanding FHLB advances were down $1.6 billion quarter-over-quarter, reflecting a reduction in wholesale funding.
The NPA ratio at June 30, 2023 was 0.34%.
BankUnited
BankUnited
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.