BankUnited, Inc. operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, payments and cash management services. Its loans portfolio includes commercial loans, including equipment loans, secured and unsecured lines of credit, formula-based lines of credit, owner-occupied commercial real estate term loans and lines of credit, mortgage warehouse lines, subscription finance facilities, letters of credit, commercial credit cards, small business administration and U.S. department of agriculture product offerings, export-import bank financing products, trade finance, and business acquisition finance credit facilities; commercial real estate loans; residential mortgages; and other consumer loans. The company offers loan servicing and deposit transaction processing systems, cloud-based data storage, electronic funds transfer transaction processing, online banking services, ERP systems and computer and networking infrastructure. It operates through a network of banking centers located in Florida counties and the New York metropolitan area, as well as Dallas, Texas. The company was formerly known as BU Financial Corporation. BankUnited, Inc. was incorporated in 2009 and is headquartered in Miami Lakes, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | - | $268M | $359M | 8.8% | 7.9% | 15.4% |
| 2024 | $1.0B | - | $232M | $434M | 8.3% | 5.5% | 30.1% |
| 2023 | $961M | - | $179M | $657M | 6.9% | -3.0% | -37.3% |
| 2022 | $991M | - | $285M | $1.3B | 11.7% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 990.60 | 960.64 | 1,013.42 | 1,093.22 |
| Pretax Income | - | 375.13 | 237.08 | 316.35 | 361.75 |
| Tax Provision | - | 90.16 | 58.41 | 83.88 | 93.39 |
| Net Income | - | 284.97 | 178.67 | 232.47 | 268.35 |
| Net Income Common Stockholders | - | 279.90 | 175.11 | 228.35 | 262.66 |
| Interest Expense | - | 317.49 | 983.78 | 1,010.85 | 805.21 |
| Interest Income | - | 1,230.45 | 1,857.58 | 1,925.12 | 1,792.79 |
| Selling General And Administration | - | 283.55 | 347.49 | 351.75 | 368.24 |
| Normalized Income | - | 284.97 | 178.67 | 232.47 | 268.35 |
| Market Cap | 3,364.55 | 3,364.55 | 3,364.55 | 3,364.55 | 3,364.55 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| BankUnited, Inc.this co. | BKU | $3.5B | 12.54 | 1.10 | 8.8% | - |
| Cathay General Bancorp | CATY | $3.8B | 11.57 | 1.25 | 10.8% | - |
| CleanSpark, Inc. | CLSK | $3.7B | 8.95 | 1.50 | 16.8% | 5.30 |
| Banc of California, Inc. | BANC | $3.6B | 12.67 | 0.95 | 7.5% | - |
| First Interstate BancSystem, Inc. | FIBK | $3.6B | 11.23 |
| - |
| - |
| - |
| - |
| 0.98 |
| 8.8% |
| - |
| Cohen & Steers, Inc. | CNS | $3.5B | 22.71 | 6.19 | 27.3% | 16.42 |
| First Hawaiian, Inc. | FHB | $3.3B | 11.75 | 1.17 | 10.0% | - |
| Community Financial System, Inc. | CBU | $3.3B | 15.56 | 1.63 | 10.5% | - |
| NMI Holdings, Inc. | NMIH | $3.2B | 8.05 | 1.21 | 15.0% | - |
| Peer Median | - | 11.66 | 1.23 | 10.6% | 10.86 | |