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BKU BankUnited

BankUnited, Inc., with total assets of $35.0 billion at December 31, 2020, is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida with 70 banking centers in 14 Florida counties and 4 banking centers in the New York metropolitan area at December 31, 2020.

BKU stock data

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Calendar

5 May 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from BankUnited earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 May 21 Dowling Michael J. Common Stock, par value $0.01 per share Grant Aquire A No No 0 1,514 0 14,563
25 May 21 DiGiacomo John N. Common Stock, par value $0.01 per share Grant Aquire A No No 0 1,514 0 6,763
25 May 21 Blanca Tere Common Stock, par value $0.01 per share Grant Aquire A No No 0 1,514 0 14,563
25 May 21 Sobti Sanjiv Common Stock, par value $0.01 per share Grant Aquire A No No 0 1,514 0 10,563
25 May 21 Rubenstein William S. Common Stock, par value $0.01 per share Grant Aquire A No No 0 1,514 0 9,927.217

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

98.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 206 196 +5.1%
Opened positions 42 32 +31.3%
Closed positions 32 23 +39.1%
Increased positions 63 60 +5.0%
Reduced positions 78 82 -4.9%
13F shares
Current Prev Q Change
Total value 6.1B 3.29B +85.2%
Total shares 92.03M 94.7M -2.8%
Total puts 50K 55K -9.1%
Total calls 125.9K 62.9K +100.2%
Total put/call ratio 0.4 0.9 -54.6%
Largest owners
Shares Value Change
BLK Blackrock 13.67M $600.88M +0.4%
Vanguard 10.07M $442.53M +3.7%
TROW T. Rowe Price 9.71M $426.61M -2.4%
STT State Street 4.75M $208.64M +14.1%
Alliancebernstein 4.47M $196.55M -3.4%
Dimensional Fund Advisors 4.19M $184.22M -2.4%
FMR 3.81M $167.43M -8.0%
JPM JPMorgan Chase & Co. 3.58M $157.21M -9.6%
Diamond Hill Capital Management 2.25M $98.85M -2.7%
American Century Companies 1.98M $87.04M -6.1%
Largest transactions
Shares Bought/sold Change
Cramer Rosenthal MCGLYNN 764.48K -1.89M -71.2%
Norges Bank 0 -1.14M EXIT
Vaughan Nelson Investment Management 945.04K +945.04K NEW
GS Goldman Sachs 834.67K +610.24K +271.9%
STT State Street 4.75M +585.93K +14.1%
BK Bank Of New York Mellon 1.75M +487.72K +38.8%
JPM JPMorgan Chase & Co. 3.58M -379.87K -9.6%
Vanguard 10.07M +357.52K +3.7%
FMR 3.81M -330.88K -8.0%
ATAC Neuberger Berman 1.86M -323.19K -14.8%

Financial report summary

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Risks
  • We may not be successful in executing our fundamental business strategy.
  • We face significant competition from other financial institutions and financial services providers, which may adversely impact our growth or profitability.
  • Hurricanes and other weather-related events, social or health-care crises such as pandemics or political unrest, terrorist activity, or other natural or man-made disasters could cause a disruption in our operations or otherwise have an adverse impact on our business and results of operations.
  • We depend on our executive officers and key personnel to execute our long-term business strategy and could be harmed by the loss of their services.
  • Climate change or societal responses to climate change could adversely affect our business and performance, including indirectly through impacts on our customers.
  • As a lender, our business is highly susceptible to credit risk.
  • Our ACL may not be adequate to cover actual credit losses.
  • We depend on the accuracy and completeness of information about clients and counterparties in making credit decisions.
  • The credit quality of our loan portfolio and results of operations are affected by residential and commercial real estate values and the level of residential and commercial real estate sales and rental activity.
  • Since we engage in lending secured by real estate and may be forced to foreclose on the collateral property, we may be subject to risks associated with the ownership of commercial or residential real property, which could have an adverse effect on our business, financial condition or results of operations.
  • The geographic concentration of our markets in Florida and the New York tri-state area makes our business highly susceptible to local economic conditions.
  • Our portfolio of operating lease equipment is exposed to fluctuations in the demand for and valuation of the underlying assets.
  • Our business is inherently highly susceptible to interest rate risk.
  • A failure to maintain adequate liquidity could adversely affect our financial condition and results of operations.
  • The inability of BankUnited, Inc. to receive dividends from its subsidiary bank could have a material adverse effect on the ability of BankUnited, Inc. to make payments on its debt, pay cash dividends to its shareholders or execute share repurchases.
  • We rely on analytical and forecasting models and tools that may prove to be inadequate or inaccurate, which could adversely impact the effectiveness of our strategic planning, the quality of certain accounting estimates including the ACL, the effectiveness of our risk management framework including but not limited to credit and interest rate risk monitoring and management and thereby our results of operations.
  • New lines of business, new products and services or strategic project initiatives may subject us to additional operational risks, and the failure to successfully implement these initiatives could affect our results of operations.
  • We are subject to the risk of fraud, theft or errors by employees or outsiders, which may adversely affect our business, financial condition and results of operations.
  • We are dependent on our information technology and telecommunications systems. System failures or interruptions could have an adverse effect on our financial condition and results of operations.
  • We are dependent on third-party service providers for significant aspects of our business infrastructure, information technology, and telecommunications systems.
  • Failure by us or third parties to detect or prevent a breach in information security or to protect customer information and privacy could have an adverse effect on our business.
  • Failure to keep pace with technological changes could have a material adverse impact on our ability to compete for loans and deposits, and therefore on our financial condition and results of operations.
  • The soundness of other financial institutions, particularly our financial institution counterparties, could adversely affect us.
  • As a BHC, we and BankUnited operate in a highly regulated environment and the laws and regulations that govern our operations, corporate governance, executive compensation and other matters, or changes in them, or our failure to comply with them, may adversely affect us.
  • Our ability to expand through acquisition or de novo branching requires regulatory approvals, and failure to obtain them may restrict our growth.
  • Financial institutions, such as BankUnited, face a risk of noncompliance and enforcement action with the Bank Secrecy Act and other anti-money laundering statutes and regulations.
  • We are subject to the CRA and fair lending laws, and failure to comply with these laws could lead to material penalties.
  • The FDIC's restoration plan and any future related increased assessments could adversely affect our earnings.
  • We are subject to laws regarding the privacy, information security and protection of personal information and any violation of these laws or another incident involving personal, confidential or proprietary information of individuals could damage our reputation and otherwise adversely affect our operations and financial condition.
  • Damage to our reputation could adversely affect our operating results.
  • Our enterprise risk management framework may not be effective in mitigating the risks to which we are subject, or in reducing the potential for losses in connection with such risks.
  • Our business may be adversely affected by conditions in the financial markets and economic conditions generally.
  • Our reported financial results depend on management's selection and application of accounting policies and methods and related assumptions and estimates.
  • Changes in taxes and other assessments may adversely affect us.
  • Our internal controls may be ineffective.
Management Discussion
  • Net interest income is the difference between interest earned on interest earning assets and interest incurred on interest bearing liabilities and is the primary driver of core earnings. Net interest income is impacted by the mix of interest earning assets and interest bearing liabilities, the ratio of interest earning assets to total assets and of interest bearing liabilities to total funding sources, movements in market interest rates, the shape of the yield curve, levels of non-performing assets and pricing pressure from competitors.
  • The mix of interest earning assets is influenced by loan demand, market and competitive conditions in our primary lending markets, by management's continual assessment of the rate of return and relative risk associated with various classes of earning assets and liquidity considerations. The mix of interest bearing liabilities is influenced by the Company's liquidity profile, management's assessment of the desire for lower cost funding sources weighed against relationships with customers and growth expectations, our ability to attract and retain core deposit relationships, competition for deposits in the Company's markets and the availability and pricing of other sources of funds.
  • (1)On a tax-equivalent basis where applicable. The tax-equivalent adjustment for tax-exempt loans was $3.5 million for the three months ended March 31, 2021 and $3.7 million for both the three months ended December 31, 2020 and March 31, 2020. The tax-equivalent adjustment for tax-exempt investment securities was $0.7 million for both the three months ended March 31, 2021 and December 31, 2020; and $0.9 million for the three months ended March 31, 2020.
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