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Dec 31, 2023
BankUnited Q4 2023 Earnings Report
Reported net income due to FDIC special assessment and loss on sale of operating lease equipment.
Key Takeaways
BankUnited, Inc. reported a net income of $20.8 million, or $0.27 per diluted share, for the quarter ended December 31, 2023. The results were negatively impacted by $41.8 million of notable items related to the FDIC special assessment and a loss on sale of operating lease equipment.
Net interest margin expanded to 2.60% from 2.56% in the previous quarter.
Non-brokered deposits grew by $604 million.
Residential loans declined by $172 million, while core C&I and commercial real estate portfolios grew by $476 million.
Total same day available liquidity was $13.6 billion, and the available liquidity to uninsured, uncollateralized deposits ratio was 152%.
BankUnited
BankUnited
Forward Guidance
BankUnited did not provide specific forward guidance in this earnings report.