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BankUnited: Q4 Earnings Insights

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Benzinga Insights
·1 min read
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Shares of BankUnited (NYSE:BKU) fell 0.1% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share fell 2.20% over the past year to $0.89, which beat the estimate of $0.70.

Revenue of $228,646,000 rose by 2.50% year over year, which beat the estimate of $225,300,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jan 21, 2021

View more earnings on BKU

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/muu3cmzs

Technicals

Company's 52-week high was at $40.31

52-week low: $13.47

Price action over last quarter: Up 54.99%

Company Overview

BankUnited Inc is a bank holding company with one wholly owned subsidiary, BankUnited. The bank provides a full range of banking services through banking centers located primarily throughout Florida, as well as New York City. BankUnited is a commercially focused regional bank focusing on small and middle-market businesses, but also provides certain commercial lending and deposit products on a national platform. It has historically grown through organic growth. BankUnited was established by a group of investors who acquired the assets and most of the liabilities of its predecessor from the Federal Deposit Insurance Corporation. The group recapitalized BankUnited with an investment of over $900 million. Most of its revenue comprises net interest income derived mostly from loans.

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