NYSE$BKU

BankUnited Inc. · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a net income of $67.2 million, with earnings per diluted share at $0.79.

BankUnited reported a net income of $67.2 million for the quarter ended March 31, 2022, or $0.79 per diluted share. The results were impacted by declines in the fair value of investment securities. The company's net interest margin expanded to 2.50%.

  • Expanded outside core geographic markets by opening a corporate banking office in Atlanta and expecting to open a full service banking branch in the Dallas area in late April, 2022
  • Newsweek named BankUnited one of America's most trusted companies.
  • Increased cash dividend by $0.02 to $0.25 per common share, reflecting a 9% increase.
  • Net interest margin expanded to 2.50%.

Headline financials

Total Revenue

$223M

Previous: $227M-1.6%
EPS (adj)

$0.79

Previous: $1.06-25.5%
Net Interest Margin

2.5%

Previous: 2.4%+4.6%
NPL to Total Loans

0.7%

No prior period
ACL to Total Loans

0.5%

No prior period
Free Cash Flow

$67.2M

Previous: $98.8M-32.0%
Net Income

$67.2M

Previous: $98.8M-32.0%
Operating Income

$148M

Previous: $156M-5.3%
Gross Profit

$215M

Previous: $226M-4.9%
Cash & Equivalents

$697M

Previous: $1.05B-33.6%
Total Assets

$36.3B

Previous: $35.2B+3.3%
Stock-Based Comp

$4.11M

Previous: $7.67M-46.4%

Revenue & EPS history

BankUnited · Revenue · Quarterly

$223M

Q1 2022-1.6%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

BankUnited · $14.5B total across 5 segments · Q4 2022

  • Commercial & Industrial
    $6.41B
  • Non-owner CRE
    $5.41B
  • Owner-occupied CRE
    $1.89B
  • Mortgage Warehouse
    $525M
  • Construction & Land
    $294M

Forward guidance

Company remains optimistic about the rest of 2022 and continue to invest in and grow our core franchise.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.4%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+3.7%

Avg return

30 days after

56%

36 / 64 earnings

Positive

+13.8%

Q2 2020

Best reaction

-7.3%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%-0.4%-1.5%
Q4 2025+8.0%+2.4%+7.9%
Q3 2025+1.6%+5.8%+12.6%
Q2 2025+0.6%-2.2%+3.4%
Q1 2025-2.2%+0.5%+1.3%
Q4 2024-1.3%+1.5%-5.5%
Q3 2024-0.7%-1.5%+19.0%
Q2 2024+6.3%+9.8%+5.8%
Q1 2024+5.7%+12.1%+22.3%
Q4 2023-0.3%-6.1%-10.1%
Q3 2023-1.6%-1.8%+21.2%
Q2 2023+8.7%+8.3%-6.2%
Q1 2023+0.3%+4.8%-10.2%
Q4 2022+3.5%+2.8%+8.3%
Q3 2022-4.1%-1.9%+0.8%
Q2 2022+0.5%-0.9%+7.8%
Q1 2022-7.3%-12.1%-9.8%
Q4 2021-4.5%-0.3%-0.8%
Q3 2021-5.3%-5.2%-4.0%
Q2 2021-2.4%-1.0%+3.6%
Q1 2021+6.2%+7.4%+10.3%
Q4 2020-2.8%-7.2%+5.6%
Q3 2020-1.9%+1.7%+19.1%
Q2 2020+13.8%+11.1%+33.0%
Q1 2020-3.5%-11.4%-9.9%
Q4 2019-3.2%-4.0%-6.5%
Q3 2019+1.7%+3.2%+2.8%
Q2 2019+5.6%+5.8%-4.5%
Q1 2019+1.0%+2.2%-5.1%
Q4 2018+1.4%+2.8%+10.3%
Q3 2018+0.6%+5.5%+6.9%
Q2 2018-0.8%-1.7%+0.5%
Q1 2018+1.3%+0.4%+8.3%
Q4 2017-1.7%-3.1%-7.0%
Q3 2017-4.9%-6.0%+5.1%
Q2 2017+3.5%+2.0%-0.4%
Q1 2017+0.2%-2.2%-6.4%
Q4 2016+6.0%+6.9%+10.3%
Q3 2016+0.1%-0.8%+19.2%
Q2 2016-7.1%-6.9%-7.7%
Q1 2016-2.8%
Q4 2015+1.9%
Q3 2015-3.1%
Q2 2015-1.7%
Q1 2015-1.6%
Q4 2014+5.1%
Q3 2014-4.2%
Q2 2014-0.2%
Q1 2014-0.6%
Q4 2013+1.6%
Q3 2013-2.2%
Q2 2013+3.5%
Q1 2013+4.2%
Q4 2012+1.1%
Q3 2012+0.0%
Q2 2012+2.0%
Q1 2012+0.5%
Q4 2009+0.7%
Q4 2011+0.7%
Q4 2010+0.7%
Q1 2011+0.7%
Q3 2011-4.1%
Q3 2010-4.1%
Q2 2011+4.8%
Q2 2010
Q1 2010

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