MIAMI LAKES, Fla., April 28, 2025--(BUSINESS WIRE)--BankUnited, Inc. (the "Company") (NYSE: BKU) today announced financial results for the quarter ended March 31, 2025.

"We're happy to start the year on a strong note, and remain fairly optimistic about our prospects for the year in spite of the uncertainty in the macro-environment," said Rajinder Singh, Chairman, President and Chief Executive Officer.

For the quarter ended March 31, 2025, the Company reported net income of $58.5 million, or $0.78 per diluted share, compared to $69.3 million, or $0.91 per diluted share, for the immediately preceding quarter ended December 31, 2024 and $48.0 million, or $0.64 per diluted share, for the quarter ended March 31, 2024.

Quarterly Highlights

The Company's funding profile continued to improve this quarter. Non-interest bearing demand deposits ("NIDDA") grew by $453 million, or 5.9%, for the quarter ended March 31, 2025, to 29% of total deposits, up from 27% at December 31, 2024. NIDDA grew by $830 million compared to March 31, 2024, one year ago.  Non-brokered deposits grew by $719 million, or 3.2%, for the quarter ended March 31, 2025 while total deposits grew by $192 million.  Wholesale funding, including FHLB advances and brokered deposits, declined by $1.1 billion for the quarter ended March 31, 2025.  Total loans declined by $308 million for the quarter ended March 31, 2025. The core CRE and C&I segments declined by $106 million. Commercial loan growth is typically seasonally lower in the first quarter, and continued to be impacted by a high level of payoffs. Consistent with our balance sheet strategy, the residential, franchise, equipment and municipal finance portfolios declined by a combined $196 million.  The loan to deposit ratio declined to 85.5% at March 31, 2025, from 87.2% at December 31, 2024.  The net interest margin, calculated on a tax-equivalent basis, was 2.81% for the quarter ended March 31, 2025 compared to 2.84% for the immediately preceding quarter, reflecting the impact of declining rates on a modestly asset sensitive balance sheet and the expiration of certain cash flow hedges. Net interest income declined by $6.1 million compared to the prior quarter.  The average cost of total deposits declined by 0.14% to 2.58% for the quarter ended March 31, 2025 from 2.72% for the immediately preceding quarter ended December 31, 2024. The spot APY of total deposits declined to 2.52% at March 31, 2025 from 2.63% at December 31, 2024.  The annualized net charge-off ratio for the quarter ended March 31, 2025 was 0.33%. The net charge-off ratio for the trailing twelve months was 0.24%. The NPA ratio was 0.76%, including 0.09% related to the guaranteed portion of non-accrual SBA loans at March 31, 2025 compared to 0.73% including 0.10% related to the guaranteed portion of non-accrual SBA loans at December 31, 2024.  The ratio of the ACL to total loans was 0.92% at March 31, 2025, consistent with the prior quarter-end. The ratio of the ACL to non-performing loans was 84.58%. The ACL to loans ratio for commercial portfolio sub-segments including C&I, CRE, franchise finance and equipment finance was 1.34% at March 31, 2025 and the ACL to loans ratio for CRE office loans was 1.99%. The provision for credit losses was $15.1 million for the quarter ended March 31, 2025 compared to $11.0 million for the preceding quarter.  Our commercial real estate exposure totaled 26% of loans and 173% of the Bank's total risk based capital at March 31, 2025. By comparison, based on call report data as of December 31, 2024 for banks with between $10 billion and $100 billion in assets, the median level of CRE to total loans was 34% and the median level of CRE to total risk based capital was 218%.  At March 31, 2025, the weighted average LTV of the CRE portfolio was 54.9%, the weighted average DSCR was 1.78, 53% of the portfolio was collateralized by properties located in Florida and 25% was collateralized by properties located in the New York tri-state area. For the office sub-segment, the weighted average LTV was 64.5%, the weighted average DSCR was 1.58, 57% was collateralized by properties in Florida, substantially all of which was suburban, and 23% was collateralized by properties located in the New York tri-state area.  Our capital position is robust. At March 31, 2025, CET1 was 12.2% at a consolidated level. Pro-forma CET1, including accumulated other comprehensive income, was 11.2% at March 31, 2025. The ratio of tangible common equity to tangible assets increased to 8.11% at March 31, 2025.  Book value and tangible book value per common share continued to accrete, to $38.51 and $37.48, respectively, at March 31, 2025, compared to $37.65 and $36.61, respectively, at December 31, 2024, and $35.31 and $34.27, respectively, at March 31, 2024.  The Company announced an increase of $0.02 per share in its common stock dividend for the quarter ended March 31, 2025, to $0.31 per common share, a 7% increase from the previous level of $0.29 per share.

Story Continues

Loans

Loan portfolio composition at the dates indicated follows (dollars in thousands):

March 31, 2025  December 31, 2024 Core C&I and CRE sub-segments:  Non-owner occupied commercial real estate $ 5,602,711  23.4 %  $ 5,652,203  23.3 % Construction and land  603,385  2.5 %   561,989  2.3 % Owner occupied commercial real estate  1,967,984  8.2 %   1,941,004  8.0 % Commercial and industrial  6,916,996  28.8 %   7,042,222  28.9 % 15,091,076  62.9 %   15,197,418  62.5 % Franchise and equipment finance  165,095  0.7 %   213,477  0.9 % Pinnacle - municipal finance  688,986  2.9 %   720,661  3.0 % Mortgage warehouse lending ("MWL")  580,248  2.4 %   585,610  2.4 % Residential  7,464,494  31.1 %   7,580,814  31.2 % $ 23,989,899  100.0 %  $ 24,297,980  100.0 %

For the quarter ended March 31, 2025, total loans declined by $308 million. The core C&I and CRE sub-segments declined by $106 million; while production was in line with expectations, seasonality and a continued high level of unscheduled payoffs and strategic exits contributed to the decline. Consistent with our balance sheet strategy, residential loans declined by $116 million, and the franchise, equipment, and municipal finance portfolios declined by an aggregate $80 million.

Asset Quality and the ACL

The following table presents information about the ACL at the dates indicated as well as net charge-off rates for the periods ended March 31, 2025 and December 31, 2024 (dollars in thousands):

ACL  ACL to Total Loans  Commercial ACL to Commercial Loans(2)  ACL to Non-Performing Loans  Net Charge-offs to Average Loans(1) December 31, 2024 $ 223,153  0.92 %  1.37 %  89.01 %  0.16 % March 31, 2025 $ 219,747  0.92 %  1.34 %  84.58 %  0.33 %

___________________________ (1) Annualized for the three months ended March 31, 2025; ratio for December 31, 2024 represents annual net charge-off rate. (2) For purposes of this ratio, commercial loans includes the core C&I and CRE sub-segments as presented in the table above as well as franchise and equipment finance. Due to their unique risk profiles, MWL and municipal finance are excluded from this ratio.

The ACL at March 31, 2025 represents management's estimate of lifetime expected credit losses given an assessment of historical data, current conditions, and a reasonable and supportable economic forecast as of the balance sheet date. For the quarter ended March 31, 2025, the provision for credit losses, including both funded and unfunded loan commitments, was $15.1 million, compared to $11.0 million for the immediately preceding quarter ended December 31, 2024 and $15.3 million for the quarter ended March 31, 2024. The most significant factor leading to the decrease in ACL for the quarter was net charge offs, the impact of which was partially offset by increases in specific reserves, risk rating migration and an increase in qualitative overlays, particularly related to economic uncertainty.

The following table summarizes the activity in the ACL for the periods indicated (in thousands):

Three Months Ended March 31, 2025  December 31, 2024  March 31, 2024 Beginning balance $ 223,153   $ 228,249   $ 202,689  Provision  15,963    12,267    15,805  Net charge-offs  (19,369 )   (17,363 )   (938 ) Ending balance $ 219,747   $ 223,153   $ 217,556

Total criticized and classified commercial loans were essentially flat quarter-over-quarter, as shown in the following table (in thousands):

March 31, 2025  December 31, 2024 CRE  Total Commercial  CRE  Total Commercial Special mention $ 70,579  $ 193,206  $ 58,771  $ 262,387 Substandard - accruing  649,867   962,342   633,614   894,754 Substandard - non-accruing  92,648   227,567   95,378   219,758 Doubtful  —   2,026   —   6,856 Total $ 813,094  $ 1,385,141  $ 787,763  $ 1,383,755

Non-performing loans totaled $259.8 million or 1.08% of total loans at March 31, 2025, compared to $250.7 million or 1.03% of total loans at December 31, 2024. Non-performing loans included $33.0 million and $34.3 million of the guaranteed portion of SBA loans on non-accrual status, representing 0.14% of total loans at both March 31, 2025 and December 31, 2024.

Net Interest Income

Net interest income for the quarter ended March 31, 2025 was $233.1 million, compared to $239.3 million for the immediately preceding quarter ended December 31, 2024, and $214.9 million for the quarter ended March 31, 2024. Interest income decreased by $24.3 million for the quarter ended March 31, 2025 compared to the immediately preceding quarter, while interest expense decreased by $18.2 million. The quarter-over-quarter decline in interest income related to lower yields on interest earning assets as coupon rates on floating rate instruments reset down and to a lesser extent, the lower average balance of interest earning assets. The decline in interest expense related to both a lower average cost of funds and lower average balance of interest bearing liabilities.

The Company’s net interest margin, calculated on a tax-equivalent basis, decreased by 0.03% to 2.81% for the quarter ended March 31, 2025, from 2.84% for the immediately preceding quarter ended December 31, 2024. The decline in margin reflects the impact of a declining rate environment on a modestly asset sensitive balance sheet and expiration of certain cash flow hedges. Factors impacting the net interest margin for the quarter ended March 31, 2025 were:

The average rate paid on interest bearing deposits declined to 3.54% for the quarter ended March 31, 2025, from 3.75% for the quarter ended December 31, 2024. This decline reflected continued initiatives taken to lower rates paid on deposits as short-term market rates declined, including the re-pricing of time deposits.

The average rate paid on FHLB advances declined to 3.69% for the quarter ended March 31, 2025 from 3.82% for the quarter ended December 31, 2024, primarily due to repayment of higher rate short-term advances partially offset by expiration of cash flow hedges.

The tax-equivalent yield on loans declined to 5.48% for the quarter ended March 31, 2025, from 5.60% for the quarter ended December 31, 2024. The primary driver of this decrease was coupon rate resets on variable rate loans.

The tax-equivalent yield on investments declined to 5.07% for the quarter ended March 31, 2025, from 5.31% for the quarter ended December 31, 2024. This decrease resulted primarily from coupon rate resets on variable rate securities.

Earnings Conference Call and Presentation

A conference call to discuss quarterly results will be held at 9:00 a.m. ET on Monday, April 28, 2025 with Chairman, President and Chief Executive Officer Rajinder P. Singh, Chief Financial Officer Leslie N. Lunak and Chief Operating Officer Thomas M. Cornish.

The earnings release and slides with supplemental information relating to the release will be available on the Investor Relations page under About Us on www.bankunited.com prior to the call. Due to recent demand for conference call services, participants are encouraged to listen to the call via a live Internet webcast at https://ir.bankunited.com. To participate by telephone, participants will receive dial-in information and a unique PIN number upon completion of registration at https://register-conf.media-server.com/register/BI6d362bb51b864c1bae498c18ea9aa2f9. For those unable to join the live event, an archived webcast will be available on the Investor Relations page at https://ir.bankunited.com approximately two hours following the live webcast.

About BankUnited, Inc.

BankUnited, Inc., with total assets of $34.8 billion at March 31, 2025, is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida that provides a full range of banking and related services to individual and corporate customers through banking centers located in the state of Florida, the New York metropolitan area and Dallas, Texas, and a comprehensive suite of wholesale products to customers through an Atlanta office focused on the Southeast region. BankUnited also offers certain commercial lending and deposit products through national platforms. For additional information, call (877) 779-2265 or visit www.BankUnited.com. BankUnited can be found on Facebook at facebook.com/BankUnited.official, LinkedIn @BankUnited and on X @BankUnited.

Forward-Looking Statements

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. The Company generally identifies forward-looking statements by terminology such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "could," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," "forecasts" or the negative version of those words or other comparable words. Any forward-looking statements contained in this press release are based on the historical performance of the Company and its subsidiaries or on the Company’s current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the Company that the future plans, estimates or expectations contemplated by the Company will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions, including (without limitation) those relating to the Company’s operations, financial results, financial condition, business prospects, growth strategy and liquidity, including as impacted by external circumstances outside the Company's direct control, such as but not limited to adverse events or conditions impacting the financial services industry. If one or more of these or other risks or uncertainties materialize, or if the Company’s underlying assumptions prove to be incorrect, the Company’s actual results may vary materially from those indicated in these statements. These factors should not be construed as exhaustive. The Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements. Information on these factors can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are available at the SEC’s website (www.sec.gov).

BANKUNITED, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - UNAUDITED (In thousands, except share and per share data)  March 31, 
2025  December 31, 
2024 ASSETS  Cash and due from banks:  Non-interest bearing $ 12,727   $ 12,078  Interest bearing  431,018    479,038  Cash and cash equivalents  443,745    491,116  Investment securities  9,099,809    9,130,244  Non-marketable equity securities  181,359    206,297  Loans  23,989,899    24,297,980  Allowance for credit losses  (219,747 )   (223,153 ) Loans, net  23,770,152    24,074,827  Bank owned life insurance  293,886    284,570  Operating lease equipment, net  218,621    223,844  Goodwill  77,637    77,637  Other assets  746,788    753,207  Total assets $ 34,831,997   $ 35,241,742   LIABILITIES AND STOCKHOLDERS’ EQUITY  Liabilities:  Demand deposits:  Non-interest bearing $ 8,069,275   $ 7,616,182  Interest bearing  4,776,223    4,892,814  Savings and money market  10,788,919    11,055,418  Time  4,423,408    4,301,289  Total deposits  28,057,825    27,865,703  FHLB advances  2,405,000    2,930,000  Notes and other borrowings  709,091    708,553  Other liabilities  762,499    923,168  Total liabilities  31,934,415    32,427,424   Commitments and contingencies   Stockholders' equity:  Common stock, par value $0.01 per share, 400,000,000 shares authorized; 75,242,048 and 74,748,370 shares issued and outstanding  752    747  Paid-in capital  301,321    301,672  Retained earnings  2,831,743    2,796,440  Accumulated other comprehensive loss  (236,234 )   (284,541 ) Total stockholders' equity  2,897,582    2,814,318  Total liabilities and stockholders' equity $ 34,831,997   $ 35,241,742

BANKUNITED, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED (In thousands, except per share data)  Three Months Ended March 31, 2025  December 31, 2024  March 31, 2024 Interest income:  Loans $ 321,384  $ 336,816  $ 347,257 Investment securities  113,869   121,872   124,179 Other  8,436   9,300   10,038 Total interest income  443,689   467,988   481,474 Interest expense:  Deposits  174,210   188,853   209,998 Borrowings  36,340   39,876   56,619 Total interest expense  210,550   228,729   266,617 Net interest income before provision for credit losses  233,139   239,259   214,857 Provision for credit losses  15,111   11,001   15,285 Net interest income after provision for credit losses  218,028   228,258   199,572 Non-interest income:  Deposit service charges and fees  5,235   4,988   5,313 Gain on investment securities, net  944   804   775 Lease financing  4,313   7,162   11,440 Other non-interest income  11,778   12,251   9,349 Total non-interest income  22,270   25,205   26,877 Non-interest expense:  Employee compensation and benefits  82,746   82,315   75,920 Occupancy and equipment  11,343   11,776   10,569 Deposit insurance expense  7,227   6,662   13,530 Technology  22,780   21,002   20,315 Depreciation of operating lease equipment  4,009   4,352   9,213 Other non-interest expense  32,121   34,365   29,693 Total non-interest expense  160,226   160,472   159,240 Income before income taxes  80,072   92,991   67,209 Provision for income taxes  21,596   23,689   19,229 Net income $ 58,476  $ 69,302  $ 47,980 Earnings per common share, basic $ 0.78  $ 0.92  $ 0.64 Earnings per common share, diluted $ 0.78  $ 0.91  $ 0.64

BANKUNITED, INC. AND SUBSIDIARIES AVERAGE BALANCES AND YIELDS (Dollars in thousands)  Three Months Ended March 31,  Three Months Ended December 31,  Three Months Ended March 31, 2025  2024  2024 Average Balance  Interest (1)  Yield/ Rate
(1)(2)  Average Balance  Interest (1)  Yield/ Rate
(1)(2)  Average Balance  Interest (1)  Yield/ Rate
(1)(2) Assets:  Interest earning assets:  Loans $ 23,933,938   $ 324,113  5.48 %  $ 24,152,602   $ 339,725  5.60 %  $ 24,337,440   $ 350,441  5.78 % Investment securities (3)  9,104,228    114,590  5.07 %   9,236,863    122,648  5.31 %   8,952,453    125,025  5.59 % Other interest earning assets  788,547    8,436  4.33 %   785,947    9,300  4.71 %   763,460    10,038  5.29 % Total interest earning assets  33,826,713    447,139  5.34 %   34,175,412    471,673  5.50 %   34,053,353    485,504  5.72 % Allowance for credit losses  (228,158 )       (235,211 )       (206,747 )  Non-interest earning assets  1,376,904        1,405,129        1,589,333  Total assets $ 34,975,459       $ 35,345,330       $ 35,435,939  Liabilities and Stockholders' Equity:  Interest bearing liabilities:  Interest bearing demand deposits $ 4,811,826   $ 39,893  3.36 %  $ 5,045,860   $ 46,759  3.69 %  $ 3,584,363   $ 33,507  3.76 % Savings and money market deposits  10,833,734    91,779  3.44 %   10,462,295    93,912  3.57 %   11,234,259    118,639  4.25 % Time deposits  4,326,750    42,538  3.99 %   4,529,737    48,182  4.23 %   5,231,178    57,852  4.45 % Total interest bearing deposits  19,972,310    174,210  3.54 %   20,037,892    188,853  3.75 %   20,049,800    209,998  4.21 % FHLB advances  2,991,389    27,206  3.69 %   3,200,652    30,750  3.82 %   4,570,220    47,496  4.18 % Notes and other borrowings  709,037    9,134  5.15 %   708,689    9,126  5.15 %   709,017    9,123  5.15 % Total interest bearing liabilities  23,672,736    210,550  3.61 %   23,947,233    228,729  3.80 %   25,329,037    266,617  4.23 % Non-interest bearing demand deposits  7,413,117        7,557,267        6,560,926  Other non-interest bearing liabilities  1,004,917        995,789        906,266  Total liabilities  32,090,770        32,500,289        32,796,229  Stockholders' equity  2,884,689        2,845,041        2,639,710  Total liabilities and stockholders' equity $ 34,975,459       $ 35,345,330       $ 35,435,939  Net interest income   $ 236,589      $ 242,944      $ 218,887  Interest rate spread     1.73 %      1.70 %      1.49 % Net interest margin     2.81 %      2.84 %      2.57 %

___________________________ (1) On a tax-equivalent basis where applicable (2) Annualized (3) At fair value

BANKUNITED, INC. AND SUBSIDIARIES EARNINGS PER COMMON SHARE (In thousands except share and per share amounts)  Three Months Ended March 31, 2025  December 31, 2024  March 31, 2024 Basic earnings per common share:  Numerator:  Net income $ 58,476   $ 69,302   $ 47,980  Distributed and undistributed earnings allocated to participating securities  (821 )   (1,598 )   (680 ) Income allocated to common stockholders for basic earnings per common share $ 57,655   $ 67,704   $ 47,300  Denominator:  Weighted average common shares outstanding  74,918,750    74,750,961    74,509,107  Less average unvested stock awards  (1,101,408 )   (1,075,384 )   (1,127,838 ) Weighted average shares for basic earnings per common share  73,817,342    73,675,577    73,381,269  Basic earnings per common share $ 0.78   $ 0.92   $ 0.64  Diluted earnings per common share:  Numerator:  Income allocated to common stockholders for basic earnings per common share $ 57,655   $ 67,704   $ 47,300  Adjustment for earnings reallocated from participating securities  4    (198 )   1  Income used in calculating diluted earnings per common share $ 57,659   $ 67,506   $ 47,301  Denominator:  Weighted average shares for basic earnings per common share  73,817,342    73,675,577    73,381,269  Dilutive effect of certain share-based awards  562,488    616,913    255,824  Weighted average shares for diluted earnings per common share  74,379,830    74,292,490    73,637,093  Diluted earnings per common share $ 0.78   $ 0.91   $ 0.64

BANKUNITED, INC. AND SUBSIDIARIES SELECTED RATIOS  At or for the Three Months Ended March 31, 2025  December 31, 2024  March 31, 2024 Financial ratios (4)  Return on average assets  0.68 %   0.78 %   0.54 % Return on average stockholders’ equity  8.2 %   9.7 %   7.3 % Net interest margin (3)  2.81 %   2.84 %   2.57 % Loans to deposits  85.5 %   87.2 %   89.6 % Tangible book value per common share $ 37.48   $ 36.61   $ 34.27

March 31, 2025  December 31, 2024 Asset quality ratios  Non-performing loans to total loans (1)(5) 1.08 %  1.03 % Non-performing assets to total assets (2)(5) 0.76 %  0.73 % Allowance for credit losses to total loans 0.92 %  0.92 % Allowance for credit losses to commercial loans (6) 1.34 %  1.37 % Allowance for credit losses to non-performing loans (1)(5) 84.58 %  89.01 % Net charge-offs to average loans(7) 0.33 %  0.16 %

___________________________ (1) We define non-performing loans to include non-accrual loans and loans other than purchased credit deteriorated and government insured residential loans that are past due 90 days or more and still accruing. Contractually delinquent purchased credit deteriorated and government insured residential loans on which interest continues to be accrued are excluded from non-performing loans. (2) Non-performing assets include non-performing loans, OREO and other repossessed assets. (3) On a tax-equivalent basis. (4) Annualized for the three months ended March 31, 2025, December 31, 2024 and March 31, 2024. (5) Non-performing loans and assets include the guaranteed portion of non-accrual SBA loans totaling $33.0 million or 0.14% of total loans and 0.09% of total assets at March 31, 2025, and $34.3 million or 0.14% of total loans and 0.10% of total assets at December 31, 2024. (6) For purposes of this ratio, commercial loans includes the C&I and CRE sub-segments, as well as franchise and equipment finance. Due to their unique risk profiles, MWL and municipal finance are excluded from this ratio. (7) Annualized for the three months ended March 31, 2025; ratio for December 31, 2024 represents annual net charge-off rate.

March 31, 2025  December 31, 2024  Required to be Considered Well Capitalized BankUnited,
Inc.  BankUnited,
N.A.  BankUnited,
Inc.  BankUnited,
N.A.  Capital ratios  Tier 1 leverage 8.7 %  9.5 %  8.5 %  9.7 %  5.0 % Common Equity Tier 1 ("CET1") risk-based capital 12.2 %  13.4 %  12.0 %  13.7 %  6.5 % Total risk-based capital 14.3 %  14.3 %  14.1 %  14.6 %  10.0 % Tangible Common Equity/Tangible Assets 8.1 %  N/A  7.8 %  N/A  N/A

Non-GAAP Financial Measures

Tangible book value per common share is a non-GAAP financial measure. Management believes this measure is relevant to understanding the capital position and performance of the Company. Disclosure of this non-GAAP financial measure also provides a meaningful basis for comparison to other financial institutions as it is a metric commonly used in the banking industry. The following table reconciles the non-GAAP financial measurement of tangible book value per common share to the comparable GAAP financial measurement of book value per common share at the dates indicated (in thousands except share and per share data):

March 31, 2025  December 31, 2024  March 31, 2024 Total stockholders’ equity $ 2,897,582  $ 2,814,318  $ 2,640,392 Less: goodwill and other intangible assets  77,637   77,637   77,637 Tangible stockholders’ equity $ 2,819,945  $ 2,736,681  $ 2,562,755  Common shares issued and outstanding  75,242,048   74,748,370   74,772,706  Book value per common share $ 38.51  $ 37.65  $ 35.31  Tangible book value per common share $ 37.48  $ 36.61  $ 34.27

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Contacts

BankUnited, Inc.
Investor Relations:
Leslie N. Lunak, 786-313-1698

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