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Compared to Estimates, BankUnited (BKU) Q3 Earnings: A Look at Key Metrics
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BankUnited, Inc. (BKU - Free Report) reported $257.02 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 6%. EPS of $0.81 for the same period compares to $0.63 a year ago.
The reported revenue represents a surprise of -0.63% over the Zacks Consensus Estimate of $258.65 million. With the consensus EPS estimate being $0.73, the EPS surprise was +10.96%.
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.
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 charge-offs to average loans: 0.1% compared to the 0.2% average estimate based on three analysts.
Net Interest Margin: 2.8% versus the three-analyst average estimate of 2.8%.
Average Interest-Earning Assets: $34.19 billion versus $34.30 billion estimated by three analysts on average.
Deposit service charges and fees: $5.02 million versus $5.04 million estimated by three analysts on average.
Net Interest Income (FTE basis): $238.02 million versus the three-analyst average estimate of $240.24 million.
Other non-interest income: $11.38 million versus $12.17 million estimated by three analysts on average.
Total Non-Interest Income: $22.89 million versus $22.58 million estimated by three analysts on average.
Lease financing: $6.37 million compared to the $5.37 million average estimate based on three analysts.
Net interest income before provision for credit losses: $234.13 million versus $236.06 million estimated by three analysts on average.
Shares of BankUnited have returned -3.5% over the past month versus the Zacks S&P 500 composite's +2.8% 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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Compared to Estimates, BankUnited (BKU) Q3 Earnings: A Look at Key Metrics
BankUnited, Inc. (BKU - Free Report) reported $257.02 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 6%. EPS of $0.81 for the same period compares to $0.63 a year ago.
The reported revenue represents a surprise of -0.63% over the Zacks Consensus Estimate of $258.65 million. With the consensus EPS estimate being $0.73, the EPS surprise was +10.96%.
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.
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 charge-offs to average loans: 0.1% compared to the 0.2% average estimate based on three analysts.
- Net Interest Margin: 2.8% versus the three-analyst average estimate of 2.8%.
- Average Interest-Earning Assets: $34.19 billion versus $34.30 billion estimated by three analysts on average.
- Deposit service charges and fees: $5.02 million versus $5.04 million estimated by three analysts on average.
- Net Interest Income (FTE basis): $238.02 million versus the three-analyst average estimate of $240.24 million.
- Other non-interest income: $11.38 million versus $12.17 million estimated by three analysts on average.
- Total Non-Interest Income: $22.89 million versus $22.58 million estimated by three analysts on average.
- Lease financing: $6.37 million compared to the $5.37 million average estimate based on three analysts.
- Net interest income before provision for credit losses: $234.13 million versus $236.06 million estimated by three analysts on average.
View all Key Company Metrics for BankUnited here>>>Shares of BankUnited have returned -3.5% over the past month versus the Zacks S&P 500 composite's +2.8% 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.