BankUnited reports Q2 EPS 72c, consensus 65c

At June 30, CET1 was 11.6% at a consolidated level. Pro-forma CET1, including accumulated other comprehensive income, was 10.4% at June 30. Tangible book value per common share was $35.07 at June 30, 2024, vs. $34.27 at March 31, 2024, and $32.90, one year ago. “This was an outstanding quarter. Margin expanded, the cost of deposits declined, non-interest bearing deposits grew by over $800M and we saw good growth in the core commercial loan portfolio segments,” said CEO Rajinder Singh.