BankUnited, Inc. reported its financial results for the quarter ended June 30, 2025, revealing a net income of $68.8 million, or $0.91 per diluted share, marking an 18% increase from the previous quarter and a 28% increase from $53.7 million, or $0.72 per diluted share, in the same quarter last year. For the first half of 2025, net income reached $127.2 million, up 25% from $101.7 million in the first half of 2024. The annualized return on average stockholders' equity improved to 9.4%, while the return on average assets rose to 0.78%, reflecting the company's effective management of its financial resources.
The company's total assets increased to $35.5 billion as of June 30, 2025, compared to $35.2 billion at the end of 2024. Total loans decreased slightly to $23.9 billion from $24.3 billion, primarily due to strategic exits from lower-margin loans and high levels of unscheduled payoffs in the commercial and industrial (C&I) segment. The allowance for credit losses (ACL) stood at $222.7 million, representing 0.93% of total loans, a slight increase from 0.92% at the end of the previous quarter. The provision for credit losses for the quarter was $15.7 million, down from $19.5 million a year earlier.
In terms of operational developments, BankUnited's non-interest income for the quarter was $27.8 million, up from $24.2 million in the same quarter last year, driven by increases in capital markets and bank-owned life insurance revenue. The company also saw a significant growth in non-interest bearing demand deposits, which rose by $1 billion, or 13%, to account for 32% of total deposits. The average cost of total deposits decreased to 2.47%, down from 2.58% in the previous quarter, reflecting a favorable shift in the funding mix.
Looking ahead, BankUnited's management remains optimistic about its growth trajectory, supported by a robust capital position with a common equity tier 1 (CET1) ratio of 12.2%. The company has authorized a share repurchase program of up to $100 million, indicating confidence in its financial health and commitment to returning value to shareholders. The strategic focus will continue to be on enhancing the funding profile and optimizing the asset mix, particularly in the commercial real estate and C&I segments, while managing credit quality amid evolving market conditions.
About BankUnited, Inc.
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