UBS Negative on BankUnited (BKU), 'We continue to view consensus fee income as overstated'

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BankUnited, Inc. Reports 2023 Results

January 26, 2024 6:45 AM EST

MIAMI LAKES, Fla.--(BUSINESS WIRE)-- BankUnited, Inc. (the Company) (NYSE: BKU) today announced financial results for the quarter and year ended December 31, 2023.

"We finished the year with continued improvement on both sides of our balance sheet, expanding margin and strong credit performance. We are benefiting from a strong economy in our primary market and are looking forward to 2024 with great optimism," said Rajinder Singh, Chairman, President and Chief Executive Officer.

For the quarter ended December 31, 2023, the Company reported net income of $20.8 million, or $0.27 per diluted share, compared to $47.0 million, or $0.63 per... More