Market Overview

BankUnited: Q2 Earnings Insights

Share:

Shares of BankUnited (NYSE:BKU) fell 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 1.23% year over year to $0.80, which may not compare to the estimate of $0.22.

Revenue of $228,688,000 rose by 1.09% from the same period last year, which beat the estimate of $215,680,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 29, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/6fsicbnz

Technicals

52-week high: $37.60

Company's 52-week low was at $13.47

Price action over last quarter: down 8.33%

Company Profile

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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Posted-In: Earnings News