BankUnited Q4 2024 Earnings Report

Reported net income of $69.3 million, or $0.91 per diluted share, compared to $61.5 million, or $0.81 per diluted share for the immediately preceding quarter, and $20.8 million, or $0.27 per diluted share, for the quarter ended December 31, 2023.

Key Takeaways

BankUnited, Inc. reported a net income of $69.3 million, or $0.91 per diluted share, for the quarter ended December 31, 2024. The net interest margin expanded, and average non-interest bearing demand deposits grew, contributing to improved profitability.

Net interest margin expanded by 0.06% to 2.84% for the quarter ended December 31, 2024, from 2.78% for the immediately preceding quarter.

Average non-interest bearing demand deposits grew by $173 million for the quarter ended December 31, 2024, compared to the immediately preceding quarter.

Wholesale funding declined by $346 million for the quarter ended December 31, 2024.

Total loans declined by $101 million for the quarter ended December 31, 2024.