BankUnited reports Q2 EPS 91c, consensus 77c

Reports Q2 net charge-offs ($12.71M) vs ($13.88M last year). Reports Q2 Book value and tangible book value per common share continued to accrete, to $39.26 and $38.23, respectively, at June 30 compared to $38.51 and $37.48, respectively, at March 31, and $36.11 and $35.07, respectively, at June 30, 2024. This represents a 9% year-over-year increase in tangible book value per share. “This was an outstanding quarter – we continued to deliver on key priorities with strong NIDDA growth and continued margin expansion,” said Rajinder Singh, Chairman, President and CEO.