BankUnited (BKU) Tops Q2 EPS by 1c

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BankUnited, Inc. Reports Second Quarter 2016 Results

July 20, 2016 6:45 AM EDT

MIAMI LAKES, Fla.--(BUSINESS WIRE)-- BankUnited, Inc. (the Company) (NYSE: BKU) today announced financial results for the quarter ended June 30, 2016.

For the quarter ended June 30, 2016, the Company reported net income of $56.7 million, or $0.52 per diluted share, compared to $46.6 million, or $0.43 per diluted share, for the quarter ended June 30, 2015. For the six months ended June 30, 2016, the Company reported net income of $111.6 million, or $1.03 per diluted share. The Company reported net income of $93.1 million, or $0.87 per diluted share, for the six months ended June 30, 2015.

John Kanas, Chairman, President and Chief Executive Officer, said, "Despite... More