Bankunited, inc. (BKU)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest income:
Loans

234,359

242,642

248,770

249,364

240,632

342,434

293,543

288,264

274,000

262,276

253,815

249,409

236,362

233,715

227,233

220,630

214,576

208,218

190,294

184,010

171,379

167,679

171,591

164,184

163,783

160,761

158,332

154,760

145,091

168,770

137,039

142,621

136,297

256,721

133,649

122,243

114

108,422

107,584

Investment securities

56,060

62,006

69,413

72,796

76,345

67,695

59,319

56,092

49,985

46,683

51,851

46,054

43,719

40,896

39,712

36,710

33,541

31,424

30,889

26,284

28,220

30,279

27,816

25,741

24,826

26,341

27,993

30,196

30,005

31,951

32,149

34,059

33,039

64,372

28,984

29,237

32

32,255

31,757

Other

3,720

4,762

5,219

5,069

4,852

4,667

4,855

4,499

3,791

3,686

3,777

3,372

3,457

3,354

3,036

3,124

2,690

2,760

2,715

2,340

2,283

2,269

1,815

1,808

1,953

1,562

1,359

1,142

1,279

1,625

1,117

1,235

954

1,602

522

617

1

697

307

Total interest income

294,139

309,410

323,402

327,229

321,829

414,796

357,717

348,855

327,776

312,645

309,443

298,835

283,538

277,965

269,981

260,464

250,807

242,402

223,898

212,634

201,882

200,227

201,222

191,733

190,562

188,664

187,684

186,098

176,375

202,346

170,305

177,915

170,290

322,696

163,155

152,097

148

141,374

139,648

Interest expense:
Deposits

82,822

88,289

99,483

99,987

97,421

87,647

75,257

65,298

56,361

50,772

45,919

39,514

34,728

33,346

30,968

28,833

26,626

25,333

23,959

21,855

20,004

19,967

19,432

17,467

16,095

16,279

15,248

14,158

14,881

15,712

16,459

17,047

16,960

38,291

18,437

19,024

20

26,717

28,635

Borrowings

30,741

35,810

38,229

36,359

33,507

32,096

30,492

28,294

23,606

23,047

22,260

19,732

18,217

17,120

17,278

17,321

17,340

14,074

10,988

9,801

9,150

8,758

8,541

8,388

8,003

8,130

8,318

7,890

7,707

12,070

14,429

15,071

15,521

31,477

15,920

15,751

15

15,869

14,830

Total interest expense

113,563

124,099

137,712

136,346

130,928

119,743

105,749

93,592

79,967

73,819

68,179

59,246

52,945

50,466

48,246

46,154

43,966

39,407

34,947

31,656

29,154

28,725

27,973

25,855

24,098

24,409

23,566

22,048

22,588

27,782

30,888

32,118

32,481

69,769

34,357

34,775

35

42,586

43,465

Net interest income before provision for credit losses

180,576

185,311

185,690

190,883

190,901

295,053

251,968

255,263

247,809

238,826

241,264

239,589

230,593

227,499

221,735

214,310

206,841

202,995

188,951

180,978

172,728

171,502

173,249

165,878

166,464

164,255

164,118

164,050

153,787

174,564

139,417

145,797

137,809

252,927

128,798

117,322

112

98,788

96,183

Provision for credit losses

125,428

-469

1,839

-2,747

10,281

12,583

1,200

8,995

3,147

5,174

37,854

13,619

12,100

8,462

24,408

14,333

3,708

9,924

17,819

8,421

8,147

20,523

5,387

7,192

8,403

12,512

2,604

4,881

11,967

1,030

6,374

2,725

8,767

15,456

1,252

-2,892

11

19,066

17,908

Net interest income after provision for credit losses

55,148

185,780

183,851

193,630

180,620

282,470

250,768

246,268

244,662

233,652

203,410

225,970

218,493

219,037

197,327

199,977

203,133

193,071

171,132

172,557

164,581

150,979

167,862

158,686

158,061

151,743

161,514

159,169

141,820

173,534

133,043

143,072

129,042

237,471

127,546

120,214

100

79,722

78,275

Non-interest income:
Income from resolution of covered assets, net

-

-

0

0

-

862

3,134

4,238

3,317

5,384

6,400

8,361

7,305

9,729

8,883

9,545

7,998

9,397

12,364

13,743

15,154

9,326

14,525

12,170

13,061

14,500

24,592

20,580

19,190

11,414

17,517

14,803

7,282

10,998

4,702

3,076

-0

17,787

58,593

Net gain loss on indemnification asset

-

-

0

0

-

-2,274

3,090

-1,400

-3,615

-8,046

-4,838

-2,588

-6,748

-8,349

993

-4,114

-6,289

-12,918

-15,988

-16,771

-20,265

-6,638

-16,958

-5,896

-16,904

-2,891

-18,377

-17,683

-11,687

20,572

-14,199

-12,537

134

69,250

-777

11,312

26

5,053

-26,950

Deposit service charges and fees

4,186

4,150

4,269

4,290

3,830

3,692

3,723

3,510

3,487

3,474

3,251

3,252

3,203

-1,749

5,171

4,796

4,562

4,296

4,637

4,492

4,451

4,185

4,236

4,186

4,005

3,900

3,634

3,379

3,342

3,337

3,095

3,229

3,055

5,747

2,730

2,648

2

2,674

2,589

(Amortization) accretion of FDIC indemnification asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,787

-

10,804

14,873

19

25,755

36,776

FDIC reimbursement of costs of resolution of covered assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,411

1,112

1,128

2,232

2,040

2,261

2,864

6,154

3,566

3,333

6,516

17,417

5,859

8,241

10

8,078

7,880

Gain (Loss) on Sale of Loans and Leases

3,466

1,899

5,163

2,121

2,936

2,904

8,691

768

3,501

20,988

2,447

-404

4,558

2,954

-7,947

-903

1,490

10,943

11,301

8,223

10,166

-2,065

3,789

-9

19,332

-6,687

-4,081

-4,115

-586

-29,355

189

253

256

-

-

-

-

-

-

Gain (loss) on investment securities, net

-3,453

7,438

3,835

4,116

5,785

221

432

2,142

364

4,272

26,931

627

1,636

4,396

3,008

3,858

3,199

2,987

2,343

1,128

2,022

2,703

795

0

361

2,341

1,066

3,536

1,686

10,108

6,035

880

16

-

1,112

100

-

518

-2,836

Lease financing

15,481

13,857

18,583

17,005

17,186

16,000

14,091

17,492

14,102

13,770

13,287

13,141

13,639

11,976

11,188

10,974

10,600

9,687

12,673

7,044

6,237

8,916

4,122

4,692

3,871

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage insurance income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,571

2,649

3,690

5,975

4,143

6,784

1

7,040

2,255

Investment services income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,645

2,110

2

1,717

-

Other non-interest income

3,618

10,412

6,006

7,805

6,518

11,923

5,574

5,223

6,830

6,699

5,848

7,504

4,551

10,330

3,779

4,701

1,638

4,860

3,843

3,199

2,976

6,270

2,531

4,223

5,336

-573

4,786

5,272

5,314

13,471

3,478

4,762

8,662

11,492

2,537

3,714

2

2,693

5,442

Total non-interest income

23,298

37,756

37,856

35,337

36,255

33,328

38,735

31,973

27,986

46,541

53,326

29,893

28,144

29,287

25,075

28,857

23,198

29,252

31,173

21,058

20,741

19,046

14,451

20,478

30,190

21,036

13,660

13,230

20,123

-9,807

25,684

21,666

36,398

77,539

32,755

52,858

64

71,315

83,749

Non-interest expense:
Employee compensation and benefits

58,887

55,744

57,102

57,251

65,233

56,812

65,612

65,537

67,036

59,438

58,327

60,388

59,671

56,637

55,162

55,752

55,460

53,464

55,316

51,845

49,479

46,210

50,003

49,556

49,449

43,544

44,117

43,027

43,075

40,717

41,968

43,951

46,625

190,127

41,350

41,364

149

36,830

34,081

Occupancy and equipment

12,369

14,344

14,673

13,991

13,166

13,543

13,812

14,241

14,303

1,411

18,829

19,251

18,609

1,822

18,867

19,065

19,268

19,817

19,103

18,934

18,170

18,275

17,782

17,496

16,967

16,772

16,571

15,381

15,042

15,689

13,725

13,229

11,822

18,002

9,879

8,791

7

6,502

7,418

Amortization of FDIC indemnification asset

-

-

0

0

-

128,911

48,255

44,250

40,347

41,115

45,225

45,663

44,463

43,380

38,957

38,060

39,694

32,537

28,409

26,460

22,005

20,587

17,948

15,194

15,741

15,159

12,354

7,150

2,280

-

-3,432

-4,294

-

-

-

-

-

-

-

Other real estate owned expense, net (including loss (gain) related to covered OREO of $493, $93, $1,186 and $(2,495))

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,501

1,726

-1,697

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,385

3,048

3,547

12,335

4,037

8,187

9

6,263

5,063

(Gain) loss on other real estate owned, net (including (gain) loss related to covered OREO of $(2,744), $(7,629), and $5,762)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,697

5,672

-249

-10,063

1,410

1,490

1,401

-8,434

-2,865

-12,264

-12

-897

1,693

Foreclosure and other real estate owned expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,803

3,256

-

10,597

3,060

3,892

2,719

22,056

3,859

6,057

4

7,616

7,932

Foreclosure and other real estate owned expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,373

-

1,756

1,161

2,276

-

2,188

2,589

4

4,287

5,086

Change in value of FDIC warrant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,297

-2,353

Deposit insurance expense

4,403

4,142

3,781

5,027

4,041

4,174

5,375

4,623

4,812

5,184

5,764

5,588

5,475

4,940

4,943

4,231

3,692

4,561

3,615

3,163

2,918

2,333

2,452

2,311

2,252

2,061

1,926

1,724

1,937

2,112

2,040

1,946

1,150

6,012

134

2,329

4

3,469

3,706

Professional fees

3,204

2,621

2,923

6,937

7,871

5,767

5,240

2,657

2,875

11,103

2,748

4,785

5,040

4,130

3,884

3,604

2,631

4,112

4,095

2,680

3,298

3,515

3,106

3,127

3,430

4,722

4,831

6,959

5,422

4,016

3,850

3,953

3,649

8,351

5,468

3,507

3

4,407

2,469

Technology and telecommunications

12,596

13,334

10,994

12,013

11,168

9,016

9,262

8,644

8,214

20,771

3,452

3,745

3,284

20,524

3,746

3,721

3,333

3,346

3,451

3,345

3,471

3,476

3,332

3,266

3,307

3,340

2,842

3,484

3,368

2,732

3,379

3,121

3,230

5,668

2,951

3,418

3

3,036

2,746

Depreciation of operating lease equipment

12,603

13,610

11,582

11,489

11,812

11,363

9,870

9,476

9,316

9,360

8,905

8,733

8,017

11,576

6,855

6,647

6,502

5,846

5,012

4,073

3,438

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-3,796

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-interest expense

14,806

15,213

16,455

13,377

13,399

17,092

13,372

11,819

14,914

12,889

13,455

12,282

11,998

13,214

15,590

13,032

11,528

13,128

13,268

12,948

11,365

6,864

12,809

13,944

13,012

9,845

12,870

10,188

10,043

8,751

7,469

10,220

7,699

13,751

7,021

7,383

5

5,309

5,272

Total non-interest expense

118,868

119,008

121,306

120,085

126,690

246,678

170,798

161,247

161,817

161,271

156,705

160,435

156,557

156,223

148,004

144,112

142,108

136,811

132,269

123,448

114,144

108,489

108,933

106,620

102,461

99,390

96,617

85,497

82,789

63,396

77,222

83,031

84,118

279,959

79,752

95,889

204

79,913

74,433

Income before income taxes

-40,422

104,528

100,401

108,882

90,185

69,120

118,705

116,994

110,831

118,922

100,031

95,428

90,080

92,101

74,398

84,722

84,223

85,512

70,036

70,167

71,178

61,536

73,380

72,544

85,790

73,389

78,557

86,902

79,154

100,331

81,505

81,707

81,322

35,051

80,549

77,183

-39

71,124

87,591

Provision (benefit) for income taxes

-9,471

15,072

24,182

27,431

24,213

16,717

21,377

27,094

25,596

-298,872

32,252

29,021

27,787

28,807

23,550

27,997

29,349

29,249

-32,267

23,530

24,721

14,702

19,813

24,001

30,519

20,996

24,248

32,894

30,928

37,829

31,948

32,778

31,050

61,363

34,996

33,188

28

26,085

36,427

Net Income (Loss) Attributable to Parent

-30,951

89,456

76,219

81,451

65,972

52,403

97,328

89,900

85,235

417,794

67,779

66,407

62,293

63,294

50,848

56,725

54,874

56,263

102,303

46,637

46,457

46,834

53,567

48,543

55,271

52,393

54,309

54,008

48,226

62,502

49,557

48,929

50,272

-26,312

45,553

43,995

-67

45,039

51,164

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,706

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,136

921

921

921

-

0

0

-

-

-

Net income available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61,366

48,636

48,008

49,351

-

45,553

43,995

-

-

-

Earnings (loss) per common share, basic and diluted (see Note 2) (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.44

-0.72

-

0.55

Earnings Per Share, Basic

-0.33

0.90

0.78

0.81

0.65

0.51

0.90

0.82

0.78

3.81

0.62

0.60

0.57

0.60

0.47

0.53

0.51

0.53

0.96

0.44

0.44

0.45

0.51

0.46

0.53

0.51

0.52

0.52

0.48

0.60

0.48

0.48

0.49

-

0.45

0.44

-

0.48

-

Earnings Per Share, Diluted

-0.33

0.90

0.77

0.81

0.65

0.50

0.90

0.82

0.77

3.79

0.62

0.60

0.57

0.59

0.47

0.52

0.51

0.53

0.95

0.43

0.44

0.45

0.51

0.46

0.53

0.50

0.52

0.52

0.47

0.60

0.48

0.48

0.49

-

0.45

0.44

-

0.48

-

Cash dividends declared per common share (in Dollars per Share)

-

-

-

-

-

-

-

-

-

-

0.21

0.21

0.21

-

0.21

0.21

0.21

0.21

0.21

0.21

0.21

0.21

0.21

0.21

0.21

0.21

0.21

0.21

0.21

0.21

0.17

0.17

0.17

0.14

0.14

0.14

0.14

0.15

0.00