BankUnited Reports Third Quarter Non-GAAP EPS of $1.03 Amid Revenue Miss
BankUnited (BKU) reported third-quarter financial results featuring a Non-GAAP earnings per share (EPS) of $1.03, which aligned with market expectations. However, the bank's revenue reached $280.44 million, missing consensus estimates by approximately $11.73 million despite representing a 1.7% increase year-over-year. On the margin front, BankUnited saw improvements in its Net Interest Margin (NIM), which rose to 3.16%. This reflects an increase of 16 basis points from the previous year and 10 basis points compared to the prior quarter, suggesting some resilience in interest income despite broader macroeconomic concerns regarding rising rates.
Tickers: $BKU
Topics: earnings report net interest margin non-GAAP EPS revenue miss
Read the full article at Seeking Alpha
Part of the story UNITY BANCORP INC /NJ/ - 8-K Filing (116 articles)