BankUnited Q2 net income $53.7 million, up from Q1 but below year-ago $58.0 million
BankUnited reported second-quarter 2024 net income of $53.7 million, or $0.72 per diluted share, up from $48.0 million in the first quarter but down from $58.0 million a year earlier. Net interest margin expanded to 2.72%, while non-performing loans rose to $173.5 million, so shareholders see sequential earnings improvement alongside a year-over-year decline and higher credit stress indicators.
Key points
- Net income $53.7 million, or $0.72 per diluted share, for the quarter ended June 30, 2024, versus $48.0 million, or $0.64, for the quarter ended March 31, 2024, and $58.0 million, or $0.78, for the quarter ended June 30, 2023.
- Net interest margin rose to 2.72% from 2.57% in the prior quarter.
- Non-performing loans rose to $173.5 million, or 0.70% of total loans, from $115.8 million, or 0.48%, at March 31, 2024.
- Non-interest bearing demand deposits grew $826 million; total assets were $35.4 billion at June 30, 2024.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 18, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.