For the quarter ended March 2024, BankUnited, Inc. (BKU - Free Report) reported revenue of $241.73 million, down 1.1% over the same period last year. EPS came in at $0.64, compared to $0.70 in the year-ago quarter.
The reported revenue represents a surprise of +0.79% over the Zacks Consensus Estimate of $239.84 million. With the consensus EPS estimate being $0.62, the EPS surprise was +3.23%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how BankUnited performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 2.6% compared to the 2.6% average estimate based on five analysts.
- Average Interest-Earning Assets: $34.05 billion compared to the $34.27 billion average estimate based on four analysts.
- Net charge-offs to average loans: 0% compared to the 0.2% average estimate based on four analysts.
- Net interest income before provision for loan losses: $214.86 million versus $216.87 million estimated by five analysts on average.
- Total Non-Interest Income: $26.88 million versus $21.92 million estimated by five analysts on average.
- Other non-interest income: $9.16 million versus $8.08 million estimated by four analysts on average.
- Lease financing: $11.44 million versus $8.50 million estimated by four analysts on average.
- Net Interest Income (FTE basis): $218.89 million versus $221.25 million estimated by four analysts on average.
- Deposit service charges and fees: $5.50 million versus the four-analyst average estimate of $5.23 million.
View all Key Company Metrics for BankUnited here>>>Shares of BankUnited have returned -6.2% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended March 2024, BankUnited, Inc. (BKU - Free Report) reported revenue of $241.73 million, down 1.1% over the same period last year. EPS came in at $0.64, compared to $0.70 in the year-ago quarter.
The reported revenue represents a surprise of +0.79% over the Zacks Consensus Estimate of $239.84 million. With the consensus EPS estimate being $0.62, the EPS surprise was +3.23%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how BankUnited performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 2.6% compared to the 2.6% average estimate based on five analysts.
- Average Interest-Earning Assets: $34.05 billion compared to the $34.27 billion average estimate based on four analysts.
- Net charge-offs to average loans: 0% compared to the 0.2% average estimate based on four analysts.
- Net interest income before provision for loan losses: $214.86 million versus $216.87 million estimated by five analysts on average.
- Total Non-Interest Income: $26.88 million versus $21.92 million estimated by five analysts on average.
- Other non-interest income: $9.16 million versus $8.08 million estimated by four analysts on average.
- Lease financing: $11.44 million versus $8.50 million estimated by four analysts on average.
- Net Interest Income (FTE basis): $218.89 million versus $221.25 million estimated by four analysts on average.
- Deposit service charges and fees: $5.50 million versus the four-analyst average estimate of $5.23 million.
View all Key Company Metrics for BankUnited here>>>Shares of BankUnited have returned -6.2% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Free Report – The Bitcoin Profit Phenomenon
Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
Download Now – Today It’s FREE >>
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