NYSE$BKU

BankUnited Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a strong earnings quarter with double digit growth in EPS.

BankUnited, Inc. reported net income of $87.9 million, or $1.12 per diluted share, for the quarter ended September 30, 2022. The net interest margin expanded to 2.76%, and loans, excluding PPP loans, grew by $186 million.

  • Net income was $87.9 million, or $1.12 per diluted share.
  • Net interest margin expanded to 2.76%.
  • Loans, excluding the runoff of PPP loans, grew by $186 million.
  • Total deposits declined by $1.1 billion.

Headline financials

Total Revenue

$259M

Previous: $221M+17.4%
EPS (adj)

$1.12

Previous: $0.94+19.1%
Net Interest Margin

2.8%

Previous: 2.3%+18.5%
NPL to Total Loans

0.6%

No prior period
Tier 1 Leverage

7.7%

No prior period
Total Capital Ratio

13.0%

No prior period
ACL to Total Loans

0.5%

No prior period
Free Cash Flow

$87.9M

Previous: $86.9M+1.0%
Net Income

$87.9M

Previous: $86.9M+1.0%
Operating Income

$121M

Previous: $132M-7.9%
Gross Profit

$255M

Previous: $209M+22.2%
Cash & Equivalents

$726M

Previous: $507M+43.2%
Total Assets

$36.6B

Previous: $35.3B+3.6%
Stock-Based Comp

$6.32M

Previous: $5.1M+23.9%

Revenue & EPS history

BankUnited · Revenue · Quarterly

$259M

Q3 2022+17.4%vs Q3 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

BankUnited · $12.9B total across 5 segments · Q3 2022

  • Commercial & Industrial
    $5.79B
  • Non-owner CRE
    $4.37B
  • Owner-occupied CRE
    $1.92B
  • Mortgage Warehouse
    $623M
  • Construction & Land
    $246M

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 Q3 2022

Historical avgQ3 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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