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BankUnited, Inc. (BKU) Reports Q4 Earnings: What Key Metrics Have to Say
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BankUnited, Inc. (BKU - Free Report) reported $234.3 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 13.2%. EPS of $0.72 for the same period compares to $0.82 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $244.11 million, representing a surprise of -4.02%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.72.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how BankUnited, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net charge-offs to average loans: 0.1% versus the four-analyst average estimate of 0.1%.
Net Interest Margin: 2.6% versus 2.6% estimated by four analysts on average.
Average Interest-Earning Assets: $34.07 billion versus $34.09 billion estimated by four analysts on average.
Deposit service charges and fees: $5.39 million versus $5.79 million estimated by four analysts on average.
Net Interest Income (FTE basis): $221.44 million versus $221.83 million estimated by four analysts on average.
Other non-interest income: $7.37 million versus the four-analyst average estimate of $5.36 million.
Total Non-Interest Income: $17.09 million compared to the $25.45 million average estimate based on four analysts.
Lease financing: $3.72 million compared to the $14.55 million average estimate based on four analysts.
Net interest income before provision for loan losses: $217.21 million versus $217.68 million estimated by three analysts on average.
Shares of BankUnited, Inc. have returned -8.8% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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BankUnited, Inc. (BKU) Reports Q4 Earnings: What Key Metrics Have to Say
BankUnited, Inc. (BKU - Free Report) reported $234.3 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 13.2%. EPS of $0.72 for the same period compares to $0.82 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $244.11 million, representing a surprise of -4.02%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.72.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how BankUnited, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net charge-offs to average loans: 0.1% versus the four-analyst average estimate of 0.1%.
- Net Interest Margin: 2.6% versus 2.6% estimated by four analysts on average.
- Average Interest-Earning Assets: $34.07 billion versus $34.09 billion estimated by four analysts on average.
- Deposit service charges and fees: $5.39 million versus $5.79 million estimated by four analysts on average.
- Net Interest Income (FTE basis): $221.44 million versus $221.83 million estimated by four analysts on average.
- Other non-interest income: $7.37 million versus the four-analyst average estimate of $5.36 million.
- Total Non-Interest Income: $17.09 million compared to the $25.45 million average estimate based on four analysts.
- Lease financing: $3.72 million compared to the $14.55 million average estimate based on four analysts.
- Net interest income before provision for loan losses: $217.21 million versus $217.68 million estimated by three analysts on average.
View all Key Company Metrics for BankUnited, Inc. here>>>Shares of BankUnited, Inc. have returned -8.8% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.