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Recap: BankUnited Q3 Earnings

Benzinga Insights
·1 min read

 

Shares of BankUnited (NYSE:BKU) fell 0.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 9.09% year over year to $0.70, which beat the estimate of $0.63.

Revenue of $223,771,000 higher by 0.10% year over year, which missed the estimate of $229,490,000.

Looking Ahead

BankUnited hasn't issued any earnings guidance for the time being.

BankUnited hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 28, 2020

View more earnings on BKU

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/nfhj6dvc

Technicals

Company's 52-week high was at $37.60

52-week low: $13.47

Price action over last quarter: Up 22.60%

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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