Q4 results were negatively impacted by $41.8M of notable items impacting income before taxes, related to the FDIC special assessment and a loss on sale of operating lease equipment as detailed below. Reports FY23 net charge-off ratio 0.09%. NPAs remained low, totaling $130.6M at December 31, 2023, down from $140.5M at September 30, 2023.. “We finished the year with continued improvement on both sides of our balance sheet, expanding margin and strong credit performance. We are benefiting from a strong economy in our primary market and are looking forward to 2024 with great optimism,” said Rajinder Singh, Chairman, President and CEO.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BKU:
- Bankunited (BKU) Q4 Earnings Cheat Sheet
- BankUnited downgraded to Sell at UBS on below consensus revenue estimates
- BankUnited downgraded to Sell from Neutral at UBS
- BankUnited price target raised to $36 from $33 at JPMorgan
- Citi starts regional banks with Western Alliance, First Horizon among top picks