NYSE$BKU
BankUnited Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported an outstanding quarter with margin expansion, deposit cost decline, non-interest bearing deposit growth, and core commercial loan portfolio growth.
BankUnited reported a strong second quarter in 2024, with net income of $53.7 million, or $0.72 per diluted share. The net interest margin expanded, the cost of deposits declined, non-interest bearing deposits grew, and the core commercial loan portfolio segments experienced good growth.
- Net interest margin expanded by 0.15% to 2.72%.
- Average cost of total deposits declined by 0.09% to 3.09%.
- Non-brokered deposits grew by $1.3 billion and total deposits grew by $736 million.
- Total loans grew by $402 million, with core C&I and commercial real estate portfolios growing by $589 million.
Headline financials
Revenue & EPS history
BankUnited · Revenue · Quarterly
$250M
Revenue by segment
BankUnited · $14.5B total across 5 segments · Q4 2022
- Commercial & Industrial$6.41B—44.1%
- Non-owner CRE$5.41B—37.2%
- Owner-occupied CRE$1.89B—13.0%
- Mortgage Warehouse$525M—3.6%
- Construction & Land$294M—2.0%
Forward guidance
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company’s current views with respect to, among other things, future events and financial performance.
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 Q2 2024
+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
| Quarter | Report date | Reaction (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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