BankUnited (BKU) Misses Q3 EPS by 6c

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BankUnited, Inc. Reports Third Quarter 2016 Results

October 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 September 30, 2016.

For the quarter ended September 30, 2016, the Company reported net income of $50.8 million, or $0.47 per diluted share, compared to $102.3 million, or $0.95 per diluted share, for the quarter ended September 30, 2015. Excluding the impact of a discrete income tax benefit and related professional fees, net income for the quarter ended September 30, 2015 was $53.8 million, or $0.50 per diluted share.

For the nine months ended September 30, 2016, the Company reported net income of $162.4 million, or $1.50 per diluted share. The Company... More