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BankUnited, Inc. Message Board

  • FLAOLDTIMER FLAOLDTIMER Mar 11, 2011 7:03 PM Flag

    BankUnited 4th Quarter 2010 Results Raise Concern

    Although BankUnited's press release comparing 2010 operating results to 2009 reflects an overall favorable trend, such is not the case for the latest fourth quarter of 2010. Comparing 4Q10 to 4Q09, total deposits declined over $503 million (7%), employee compensation & benefit expense increased over $17 million (65% increase), and net income declined by $29.6 million, a drop of 52%. Earnings per share fell from $0.62 to $0.30, or 52%, while return on average assets that was 2.00% for the last three months of 2009 was only 1.01% for the same 2010 period. These latest results are not encouraging for stockholders.

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