BankUnited (BKU) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
MIAMI LAKES, Fla.--(BUSINESS WIRE)-- #BusinessBanking--Lynetta Tipton Steed will lead business banking in Florida and Texas as executive vice president for Miami Lakes-based BankUnited.
BankUnited shares gained 36% over the past year, driven by improved deposit performance and hopes for an easier regulatory environment. Despite strong financials and a 16% return since September, I am less bullish due to valuation concerns and limited buyback prospects. The deposit mix has improved with NIB balances growing over the past year, which has improved NIM and return on equity.
BankUnited's fourth-quarter 2024 results top estimates on higher NII, non-interest income, lower expenses and provisions. Yet, weak asset quality is a concern.
BankUnited, Inc. (NYSE:BKU ) Q4 & FY2024 Earnings Conference Call January 22, 2025 9:00 AM ET Company Participants Jacqueline Bravo - Corporate Secretary Raj Singh - Chairman, President and CEO Tom Cornish - Chief Operating Officer Leslie Lunak - Chief Financial Officer Conference Call Participants Woody Lay - KBW Ben Gerlinger - Citi Timur Braziler - Wells Fargo David Bishop - Hovde Group Stephen Scouten - Piper Sandler Jon Arfstrom - RBC Capital Operator Good day. And thank you for standing by.
Beyond analysts' top -and-bottom-line estimates for BankUnited (BKU), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
MIAMI LAKES, Fla.--(BUSINESS WIRE)--Q4'2024 earnings announcement.
MIAMI LAKES, Fla.--(BUSINESS WIRE)--December announcement to declare dividends.
BankUnited (BKU) reported earnings 30 days ago. What's next for the stock?
Improvement in NII and lower provisions support BKU's Q3 earnings amid weakness in non-interest income and higher expenses.