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.