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Dec 31, 2021
BankUnited Q4 2021 Earnings Report
Reported net income of $125.3 million, or $1.41 per diluted share, and total loans grew by $1.0 billion.
Key Takeaways
BankUnited, Inc. reported a strong Q4 2021 with significant loan and deposit growth, margin expansion, and increased profitability. Net income reached $125.3 million, or $1.41 per diluted share, driven by loan growth of over $1 billion and deposit growth of over $1.3 billion. The net interest margin expanded by 11 basis points, reflecting improved efficiency and strategic initiatives.
Reported net income of $125.3 million, or $1.41 per diluted share, for Q4 2021.
Total loans, excluding PPP loans, grew by $1.0 billion, marking the largest loan growth quarter since Q2 2016.
Net interest margin expanded to 2.44%, an increase of 11 basis points.
Total deposits increased by $1.3 billion, with non-interest bearing demand deposits growing significantly.
BankUnited
BankUnited
Forward Guidance
The company's outlook for 2022 is optimistic.