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Dec 31, 2019
BankUnited Q4 2019 Earnings Report
BankUnited reported an increase in net income and EPS for Q4 2019, driven by growth in loans and deposits and a decrease in non-interest expense.
Key Takeaways
BankUnited reported strong Q4 2019 results, with net income increasing to $89.5 million, or $0.91 per diluted share, compared to $52.4 million, or $0.50 per diluted share, for the same quarter in 2018. The company experienced growth in loans and deposits, along with a decrease in non-interest expense, contributing to the improved financial performance.
Net income for Q4 2019 was $89.5 million, or $0.91 per diluted share, compared to $52.4 million, or $0.50 per diluted share, for Q4 2018.
Net interest margin was 2.41% for Q4 2019, unchanged from the previous quarter.
Loans and leases grew by $301 million during Q4 2019.
Non-interest expense decreased due to a decline in amortization of the FDIC indemnification asset.
BankUnited
BankUnited
Forward Guidance
The company did not provide specific forward guidance in this earnings report.