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Dec 31, 2020
BankUnited Q4 2020 Earnings Report
Reported net income of $85.7 million, an increase compared to the previous quarter.
Key Takeaways
BankUnited reported a strong Q4 2020 with net income of $85.7 million, driven by improvements in the economic outlook and strategic initiatives to improve deposit mix and lower funding costs.
Net income for Q4 2020 was $85.7 million, or $0.89 per diluted share.
Net interest income increased by $5.9 million compared to the previous quarter.
Average non-interest bearing demand deposits grew by $966 million during the quarter.
The company recorded a net recovery of credit losses of $1.6 million for the quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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