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BankUnited (BKU) Company Profile

Updated Nov 1, 2019
BankUnited has the following business profile:
Company's Full Name:BankUnited, Inc.
Short Name:BankUnited
Trading Ticker Symbol:BKU
Primary Exchange:NYSE
Headquarter City/Country:Florida, FL
Primary Industry Sector:Finance
Seconday Sub-sector:Savings Institutions
Main Business Areas: Finance, Savings Institutions, Financial Services, Regional US Banks
Dividend Payments:Dividend History

Market and Trading Information for BankUnited

The following details were available for trading and market data about the stock of BankUnited as of writing:
Current Share Price:$34.8
Previous Year's Closing Price:$29.94
Percentage Price Change (YTD):16.23%
Market Cap:$3.31 billion
52-week Price Range:$28.05 - $37.32
Dividend Per Share:$0.84
EPS (TTM):2.71
Price-Earnings (Trailing):12.83
Price-Earnings (Forward):11.45

Company Profile and Business Description for BankUnited

BankUnited, Inc., incorporated on April 28, 2009, is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area. The Bank also provides a range of traditional banking products and services to both its commercial and retail customers.

Lending Activities

The Company offers a range of lending products, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal and non-profit loans and leases, commercial and mortgage warehouse lines of credit, letters of credit and consumer loans. It also purchases performing residential loans through established correspondent channels on a national basis. Its commercial loans include equipment loans, secured and unsecured lines of credit, formula-based loans, mortgage warehouse lines, taxi medallion loans, letters of credit, Small Business Administration (SBA) product offerings and business acquisition finance credit facilities. It offers term financing for the acquisition or refinancing of properties, primarily rental apartments, mixed-use commercial properties, industrial properties, warehouses, retail shopping centers, free-standing single-tenant buildings, office buildings and hotels.

The Company provides other products, including real estate secured lines of credit, acquisition, development and construction loan facilities and construction financing. The Company offers consumer loans to its customers for personal, family and household purposes, including auto, boat and personal installment loans. Through the Bank's two commercial lending subsidiaries, the Company provides municipal, equipment and franchise financing on a national basis. As of December 31, 2016, the Company's total loans were $19.4 billion.

Investment Activities

The Company's investment securities are classified as investment securities available for sale and investment securities held to maturity. Its investment securities available for sale include the United States treasury securities, the United States government agency and sponsored enterprise residential mortgage-backed securities, the United States government agency and sponsored enterprise commercial mortgage-backed securities, resecuritized real estate mortgage investment conduits, private label residential mortgage-backed securities and collateralized mortgage obligations, private label commercial mortgage-backed securities, single family rental real estate-backed securities and collateralized loan obligations, among others. As of December 31, 2016, its total investment securities available for sale were $6 billion.

Sources of Funds

The Company's sources of funds include management fees and dividends from the Bank, access to capital markets and its own available for sale securities portfolio. It offers traditional deposit products, including checking accounts, money market deposit accounts, savings accounts and certificates of deposit with a range of terms and rates. As of December 31, 2016, the Company's total deposits were $1.9 billion.

The Company competes with Bank of America, BB&T, BBVA Compass, HSBC, JPMorgan Chase, PNC, Regions Bank, Santander, Sabadell, SunTrust Banks, TD Bank, Wells Fargo, Capital One, Signature Bank, New York Community Bank, Valley National Bank and M&T Bank.

14817 Oak Ln

Peer / Competitor Companies of Savings Institutions Sector

Along with BankUnited, Inc., the following other peer (competitor) companies also exist within the same Savings Institutions - Finance sector whose company profile and dividend history is as follows:

▶ 1st Constitution Bancorp NJ (FCCY): 1st Constitution Bancorp operates as the bank holding company for 1st Constitution Bank that provides commercial and retail banking services in the central and northeastern New Jersey areas. The compa....See Detailed Company Profile  and Dividend History.

▶ Access National (ANCX): Access National Corporation, incorporated on May 12, 2003, is a bank holding company. The Company operates through its subsidiary, Access National Bank (the Bank). The Bank provides credit, deposit, mortgage ....See Detailed Company Profile  and Dividend History.

▶ ASB Bancorp (ASBB): ASB Bancorp, Inc., incorporated on May 12, 2011, is the holding company for Asheville Savings Bank (the Bank). The Companys principal business activity is the ownership of the outstanding shares ....See Detailed Company Profile  and Dividend History.

▶ Astoria Financial (AF): Astoria Financial Corporation, incorporated on June 14, 1993, is a unitary savings and loan holding company. The Companys principal business is the operation of its subsidiary, Astoria Bank. Astoria Banks ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Coast Financial (ACFC): Atlantic Coast Financial Corporation, incorporated on June 22, 2007, is a thrift holding company. The Company, through its subsidiary, Atlantic Coast Bank (the Bank), a federally chartered and insured stock ....See Detailed Company Profile  and Dividend History.

▶ Bancorp 34 (BCTF): Bancorp 34, Inc. operates as the holding company for Bank 34 that offers various banking services to individuals and businesses in the United States. It accepts various deposit products, such as savin....See Detailed Company Profile  and Dividend History.

▶ Bank Mutual (BKMU): Bank Mutual Corporation, incorporated on April 28, 2003, is a savings and loan holding company. The Company owns Bank Mutual (the Bank), a federally-chartered savings bank. The Bank is engaged ....See Detailed Company Profile  and Dividend History.

▶ BankFinancial (BFIN): BankFinancial Corporation, incorporated on September 23, 2004, is the bank holding company for BankFinancial, National Association (the Bank). The Bank is a full-service, community-oriented national bank principally engaged in the ....See Detailed Company Profile  and Dividend History.

▶ BCB Bancorp NJ (BCBP): BCB Bancorp, Inc. operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United Stat....See Detailed Company Profile  and Dividend History.

▶ Beneficial Bancorp (BNCL): Beneficial Bancorp, Inc., together with its subsidiaries, provides consumer and commercial banking services to individuals, businesses, and nonprofit organizations in Philadelphia and Southern New Jer....See Detailed Company Profile  and Dividend History.

▶ BofI Holding (BOFI): BofI Holding, Inc. (BofI), incorporated on July 6, 1999, is the holding company for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides ....See Detailed Company Profile  and Dividend History.

▶ BofI Holding (BOFIL): BofI Holding, Inc. (BofI), incorporated on July 6, 1999, is the holding company for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides ....See Detailed Company Profile  and Dividend History.

▶ Broadway Financial (BYFC): Broadway Financial Corporation, incorporated on October 25, 1995, is a savings and loan holding company. The Company is engaged in the savings and loan business through its subsidiary, Broadway Federal ....See Detailed Company Profile  and Dividend History.

▶ Brookline Bancorp (BRKL): Brookline Bancorp, Inc., incorporated on April 11, 2002, operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank ....See Detailed Company Profile  and Dividend History.

▶ Capitol Federal Financial (CFFN): Capitol Federal Financial, Inc., incorporated on April 28, 2010, is the savings and loan holding company. The Company provides a range of retail banking services, through its subsidiary, Capitol Federal ....See Detailed Company Profile  and Dividend History.

▶ Carver Bancorp (CARV): Carver Bancorp, Inc. operates as a holding company for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services for consumers, businesses,....See Detailed Company Profile  and Dividend History.

▶ Central Federal (CFBK): Central Federal Corporation operates as the bank holding company for CFBank that provides various financial services in the United States. The company accepts savings, retail and business checking, an....See Detailed Company Profile  and Dividend History.

▶ Charter Financial (CHFN): Charter Financial Corporation, incorporated on February 16, 1993, is a savings and loan holding company for CharterBank (the Bank). The Bank is a federally-chartered savings bank. The Banks principal business ....See Detailed Company Profile  and Dividend History.

▶ Citizens Community Bancorp (CZWI): Citizens Community Bancorp, Inc., incorporated on June 27, 2006, is a bank holding company of Citizens Community Federal N.A. (the Bank). The Company is engaged in consumer, commercial and agricultural ....See Detailed Company Profile  and Dividend History.

▶ Clifton Bancorp (CSBK): Clifton Bancorp Inc. (Clifton Bancorp), incorporated on November 19, 2013, is a savings and loan holding company. The Company operates through its subsidiary, Clifton Savings Bank (the Bank). The Company ....See Detailed Company Profile  and Dividend History.

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