Reports Q1 net Charge-offs for the trailing twelve months 0.37% for Q1, from 0.30% from the prior quarter; and Tangible Book Value per Share $40.055, up 7% from last year. Chairman, President and CEO, Rajinder Singh commented, “Despite a seasonally slow quarter, we continue to gather market share and position the Company for improved profitability and growth.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BKU:
- Bankunited (BKU) Q1 Earnings Cheat Sheet
- BankUnited price target lowered to $53 from $55 at Barclays
- BankUnited raises quarterly dividend 6% to 33c per share
- BankUnited price target raised to $56 from $51 at Cantor Fitzgerald
- BankUnited Faces Heightened Talent Risk as Executive Turnover Threatens Strategy and Franchise Value
