Bank United, Inc. - Understand $bku stock

$BKU Market Cap: $3.104 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$498.6M

TTM

Gross Margin

Net Earnings

$180.8M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$35.78B

Q3 2024

Total Liabilities

$32.98B

Q3 2024

Book Value

$2.808B

Q3 2024

Cash

$889.9M

Q3 2024

P/E

17.17

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$21.68M	$23.40M	$959.4M	$1.068B	$1.282B	$1.449B	$1.204B	$1.059B	$880.8M	$783.7M	$738.8M	$720.9M
YoY Change	-7.35%	-97.56%	-10.13%	-16.71%	-11.54%	20.31%	13.71%	20.25%	12.39%	6.08%	2.49%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$21.68M	$23.40M	$959.4M	$1.068B	$1.282B	$1.449B	$1.204B	$1.059B	$880.8M	$783.7M	$738.8M	$720.9M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$79.98M	$77.10M	$67.50M	$58.11M	$47.51M	$35.14M	$31.25M	$31.32M	$13.61M	$13.38M	$13.03M	$12.46M
YoY Change	3.74%	14.23%	16.16%	22.31%	35.21%	12.43%	-0.23%	130.1%	1.73%	2.66%	4.59%
% of Gross Profit
Depreciation & Amortization	$74.06M	$77.62M	$78.50M	$72.50M	$72.40M	$64.30M	$61.60M	$56.40M	$43.40M	$31.60M	$23.20M	$15.10M	$8.000M	$3.400M	$1.200M
YoY Change	-4.59%	-1.12%	8.28%	0.14%	12.6%	4.38%	9.22%	29.95%	37.34%	36.21%	53.64%	88.75%	135.29%	183.33%
% of Gross Profit
Operating Expenses	$79.98M	$77.10M	$67.50M	$58.11M	$47.51M	$35.14M	$31.25M	$31.32M	$13.61M	$13.38M	$13.03M	$12.46M
YoY Change	3.74%	14.23%	16.16%	22.31%	35.21%	12.43%	-0.23%	130.1%	1.73%	2.66%	4.59%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$983.8M	$317.5M	$163.8M	$315.9M	$529.1M	$399.1M	$254.2M	$188.8M	$135.2M	$106.7M	$92.61M	$123.3M
YoY Change	209.86%	93.88%	-48.15%	-40.3%	32.59%	56.99%	34.61%	39.71%	26.73%	15.16%	-24.87%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	$237.1M	$375.1M	$449.4M	$249.4M	$404.0M	$415.7M	$404.5M	$335.4M	$296.9M	$293.3M	$318.0M	$344.9M	$192.7M	$312.5M	$199.4M
YoY Change	-36.8%	-16.52%	80.22%	-38.28%	-2.8%	2.77%	20.57%	12.98%	1.24%	-7.78%	-7.79%	78.96%	-38.34%	56.72%
Income Tax	$58.41M	$90.16M	$34.40M	$51.51M	$90.90M	$90.78M	-$209.8M	$109.7M	$45.23M	$89.04M	$109.1M	$133.6M	$129.6M	$127.8M	$80.40M
% Of Pretax Income	24.64%	24.03%	7.66%	20.66%	22.5%	21.84%	-51.87%	32.7%	15.24%	30.36%	34.3%	38.74%	67.25%	40.9%	40.32%
Net Earnings	$175.1M	$279.9M	$415.0M	$197.9M	$313.1M	$324.9M	$614.3M	$225.7M	$251.7M	$204.2M	$208.9M	$211.3M	$63.20M	$184.7M	$119.0M
YoY Change	-37.44%	-32.55%	109.74%	-36.81%	-3.62%	-47.11%	172.11%	-10.3%	23.23%	-2.26%	-1.1%	234.27%	-65.78%	55.21%
Net Earnings / Revenue	807.61%	1196.03%	43.25%	18.53%	24.43%	22.42%	51.0%	21.31%	28.57%	26.06%	28.28%	29.31%
Basic Earnings Per Share	$2.39	$3.55	$4.52	$2.06	$3.14	$3.01	$5.60	$2.11	$2.37	$1.95	$2.03	$2.05
Diluted Earnings Per Share	$2.38	$3.552M	$4.52	$2.06	$3.13	$2.99	$5.58	$2.09	$2.35	$1.95	$2.01	$2.05	$661.1K	$1.986M	$1.284M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$371.9M	$539.8M	$804.0M	$838.0M	$880.0M	$774.0M	$679.0M	$631.0M	$589.0M	$420.0M	$291.0M	$89.00M	$71.00M	$40.00M	$11.00M
YoY Change	-31.1%	-32.86%	-4.06%	-4.77%	13.7%	13.99%	7.61%	7.13%	40.24%	44.33%	226.97%	25.35%	77.5%	263.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets								$63.00M	$106.0M	$117.0M	$71.00M	$62.00M	$19.00M	$0.00	$23.00M
YoY Change								-40.57%	-9.4%	64.79%	14.52%	226.32%		-100.0%
Total Long-Term Assets
YoY Change
Total Assets	$35.76B	$37.03B	$35.82B	$35.01B	$32.87B	$32.16B	$30.35B	$27.88B	$23.88B	$19.21B	$15.05B	$12.38B	$11.32B	$10.87B	$11.13B
YoY Change
Accounts Payable														$0.00	$114.0M
YoY Change														-100.0%
Accrued Expenses	$72.39M	$80.91M	$90.00M	$94.00M	$102.0M
YoY Change	-10.53%	-10.1%	-4.26%	-7.84%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$190.0M	$199.0M	$180.0M	$100.0M	$175.0M				$0.00	$0.00	$8.000M	$0.00	$0.00	$3.000M
YoY Change	-100.0%	-4.52%	10.56%	80.0%	-42.86%						-100.0%			-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$72.39M	$80.91M	$90.00M	$94.00M	$102.0M	$175.0M						$8.000M	$53.00M		$197.0M
YoY Change	-10.53%	-10.1%	-4.26%	-7.84%	-41.71%							-84.91%
Long-Term Debt	$709.0M	$720.9M	$721.0M	$722.0M	$429.0M	$403.0M	$403.0M	$403.0M	$403.0M	$11.00M	$2.000M	$0.00	$0.00	$0.00	$0.00
YoY Change	-1.66%	-0.01%	-0.14%	68.3%	6.45%	0.0%	0.0%	0.0%	3563.64%	450.0%
Other Long-Term Liabilities	$821.2M	$750.5M	$425.0M	$412.0M	$384.0M	$393.0M	$269.0M	$329.0M	$290.0M	$328.0M	$171.0M	$106.0M	$111.0M	$169.0M	$59.00M
YoY Change	9.43%	76.58%	3.16%	7.29%	-2.29%	46.1%	-18.24%	13.45%	-11.59%	91.81%	61.32%	-4.5%	-34.32%	186.44%
Total Long-Term Liabilities	$1.530B	$1.471B	$1.146B	$1.134B	$813.0M	$796.0M	$672.0M	$732.0M	$693.0M	$339.0M	$173.0M	$106.0M	$111.0M	$169.0M	$59.00M
YoY Change	4.0%	28.39%	1.06%	39.48%	2.14%	18.45%	-8.2%	5.63%	104.42%	95.95%	63.21%	-4.5%	-34.32%	186.44%
Total Liabilities	$33.18B	$34.59B	$32.78B	$32.03B	$29.89B	$29.24B	$27.32B	$25.46B	$21.64B	$17.16B	$13.12B	$10.57B	$9.787B	$9.616B	$10.04B
YoY Change	-4.07%	5.53%	2.34%	7.15%	2.23%	7.02%	7.3%	17.66%	26.12%	30.8%	24.12%	7.99%	1.78%	-4.18%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	73.33M shares	78.81M shares	90.40M shares	91.71M shares	95.45M shares	103.7M shares	105.5M shares	102.9M shares	102.1M shares	100.5M shares	98.49M shares	93.65M shares
Diluted Shares Outstanding	73.52M shares	78.81M shares	90.40M shares	91.73M shares	95.66M shares	104.1M shares	105.9M shares	103.7M shares	103.0M shares	100.6M shares	99.75M shares	93.83M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $3.1036 Billion

About BankUnited, Inc.

BankUnited, Inc. is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary, BankUnited, N.A.. Its services include corporate banking, commercial real estate, treasury management, business checking accounts, business online banking solutions, and home mortgages. The company is headquartered in Miami Lakes, Florida and currently employs 1,588 full-time employees. The company went IPO on 2011-01-28. The Bank provides a full range of commercial lending and both commercial and consumer deposit services through banking centers located in Florida, the New York metropolitan area and Dallas, Texas, and a comprehensive suite of wholesale products to customers through an Atlanta office focused on the Southeast region. The Bank’s lending and leasing products include commercial loans, commercial real estate loans, residential mortgages and other consumer loans. The company offers traditional deposit products, including commercial and consumer checking accounts, money market deposit accounts, savings accounts and certificates of deposit with a variety of terms and rates, as well as a robust suite of treasury, commercial payments and cash management services. The Bank provides certain commercial lending and deposit products through national platforms and certain consumer deposit products through an online channel.

Industry: Savings Institution, Federally Chartered Peers: Atlantic Union Bankshares Corp CATHAY GENERAL BANCORP PACWEST BANCORP FULTON FINANCIAL CORP Independent Bank Group, Inc. INTERNATIONAL BANCSHARES CORP PNC FINANCIAL SERVICES GROUP, INC. SIMMONS FIRST NATIONAL CORP TEXAS CAPITAL BANCSHARES INC/TX