A Business at a Glance
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BankUnited, Inc.
BKU
$3.5B
Mkt Cap
$46.47
-1.09%
BankUnited, Inc. (BKU) has a current P/E ratio of 13.2, compared to its historical median P/E of 10.7. The stock is currently considered Fair based on its historical valuation range.
BankUnited, Inc. (BKU) has a 5-year average return on invested capital (ROIC) of 7.8%. This is below average and may indicate limited pricing power.
BankUnited, Inc. (BKU) has a market capitalization of $3.4B. It is classified as a mid-cap stock.
Yes, BankUnited, Inc. (BKU) pays a dividend with a trailing twelve-month yield of 2.75%. The company also returns capital through share buybacks, with a buyback yield of 1.31%.
Based on historical P/E analysis, BankUnited, Inc. (BKU) appears fair. The current P/E of 13.2 is 23% above its historical median of 10.7. The estimated fair value CAGR (P/E method) is 0.2%.
BankUnited, Inc. (BKU) operates in the Savings Institution, Federally Chartered industry, within the Financials sector.
BankUnited, Inc. (BKU) reported annual revenue of $1.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Item 1. Business BankUnited, Inc., with total consolidated assets of $35.0 billion at December 31, 2025, is a bank holding company with one direct wholly-owned subsidiary, BankUnited, collectively, the Company. BankUnited, a national banking association headquartered in Miami Lakes, Florida, with operations in Florida, New York Tri-State, Dallas, Atlanta, and Charlotte. BankUnited provides a full range of consumer and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions, and offers certain commercial lending and deposit products through national platforms and certain consumer deposit products through an online channel.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.1B | 1.9B | 2.0B | 1.9B | 1.3B | 1.1B |
| Net Income | 266M | 263M | 228M | 175M | 280M | 409M |
| EPS | $3.57 | $3.53 | $3.08 | $2.38 | $3.54 | $4.52 |
| Free Cash Flow | 333M | 336M | 285M | 557M | 1.2B | 1.1B |
| ROIC | 8.0% | 7.6% | 6.7% | 5.4% | 8.1% | 11.0% |
| Gross Margin | - | 54.0% | 47.1% | 45.3% | 75.6% | 84.9% |
| Debt/Equity | 0.11 | 0.10 | 0.25 | 0.28 | 0.30 | 0.24 |
| Dividends/Share | $1.28 | $1.24 | $1.16 | $1.08 | $1.00 | $0.92 |
| Operating Income | 34M | 39M | 34M | 237M | 17M | 28M |
| Operating Margin | 3.1% | 2.0% | 1.7% | 12.2% | 1.3% | 2.6% |
| ROE | 8.8% | 9.0% | 8.5% | 7.0% | 10.2% | 13.6% |
| Shares Outstanding | 73M | 74M | 74M | 74M | 79M | 90M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 868M | 983M | 1.2B | 1.4B | 1.6B | 1.4B | 1.2B | 1.1B | 1.3B | 1.9B | 2.0B | 1.9B | 1.1B |
| Gross Margin | 82.9% | 81.7% | 79.4% | 76.3% | 73.1% | 62.4% | 58.8% | 84.9% | 75.6% | 45.3% | 47.1% | 54.0% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 195M | 210M | 223M | 238M | 255M | 235M | 217M | 244M | 266M | 281M | 316M | 341M | 355M |
| EBIT | 18M | 15M | 20M | 404M | 37M | 31M | 27M | 28M | 17M | 237M | 34M | 39M | 34M |
| Op. Margin | 2.1% | 1.5% | 1.8% | 29.7% | 2.3% | 2.2% | 2.2% | 2.6% | 1.3% | 12.2% | 1.7% | 2.0% | 3.1% |
| Net Income | 196M | 242M | 217M | 591M | 312M | 300M | 189M | 409M | 280M | 175M | 228M | 263M | 266M |
| Net Margin | 22.6% | 24.6% | 18.6% | 43.4% | 19.7% | 21.0% | 15.7% | 37.4% | 21.4% | 9.0% | 11.3% | 13.8% | 23.9% |
| Non-Recurring | 0 | 0 | 4.1M | 0 | 0 | 1.9M | 700K | 2.8M | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 9.8% | 10.3% | 7.9% | 18.9% | 9.2% | 8.9% | 5.3% | 11.0% | 8.1% | 5.4% | 6.7% | 7.6% | 8.0% |
| ROE | 9.9% | 11.3% | 9.3% | 21.7% | 10.5% | 10.2% | 6.3% | 13.6% | 10.2% | 7.0% | 8.5% | 9.0% | 8.8% |
| ROA | 1.1% | 1.1% | 0.8% | 2.0% | 1.0% | 0.9% | 0.6% | 1.2% | 0.8% | 0.5% | 0.6% | 0.7% | 0.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -50M | 219M | 309M | 319M | 824M | 636M | 864M | 1.2B | 1.3B | 657M | 434M | 359M | 361M |
| Free Cash Flow | -201M | 8.9M | 220M | 219M | 634M | 572M | 825M | 1.1B | 1.2B | 557M | 285M | 336M | 333M |
| Owner Earnings | -127M | 181M | 269M | 278M | 784M | 593M | 771M | 1.1B | 1.2B | 564M | 352M | 287M | 294M |
| CapEx | 151M | 211M | 89M | 100M | 191M | 64M | 39M | 76M | 52M | 100M | 148M | 23M | 28M |
| Maint. CapEx | 62M | 23M | 21M | 18M | 18M | 19M | 73M | 79M | 78M | 74M | 60M | 51M | 46M |
| Growth CapEx | 89M | 188M | 67M | 81M | 173M | 45M | 0 | 0 | 0 | 26M | 88M | 0 | 0 |
| D&A | 62M | 23M | 21M | 18M | 18M | 19M | 73M | 79M | 78M | 74M | 60M | 51M | 46M |
| CapEx/OCF | N/A | 86.0% | 28.5% | 31.2% | 23.1% | 10.0% | 2.3% | 3.6% | 4.0% | 15.3% | 34.2% | 6.4% | 7.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 88M | 89M | 90M | 92M | 91M | 84M | 87M | 86M | 79M | 79M | 86M | 92M | 94M |
| Dividend Yield | 3.9% | 3.4% | 3.5% | 3.2% | 2.9% | 3.2% | 4.6% | 2.6% | 2.9% | 4.5% | 3.7% | 3.4% | 2.8% |
| Share Buybacks | 0 | 0 | 0 | 0 | 300M | 154M | 101M | 318M | 401M | 55M | 0 | 45M | 45M |
| Buyback Yield | N/A | N/A | N/A | N/A | 11.6% | 5.2% | 3.6% | 9.5% | 16.8% | 2.4% | N/A | N/A | 1.3% |
| Stock-Based Comp | 16M | 16M | 18M | 23M | 23M | 23M | 20M | 16M | 21M | 20M | 22M | 20M | 21M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 388M | 388M |
| Balance Sheet | |||||||||||||
| Net Debt | -177M | 135M | -46M | 208M | 21M | -7.5B | -8.7B | -9.5B | -9.5B | -8.7B | -8.9B | -9.2B | -9.6B |
| Cash & Equiv. | 188M | 268M | 448M | 195M | 382M | 215M | 398M | 315M | 573M | 588M | 491M | 218M | 9.9B |
| Long-Term Debt | 11M | 403M | 403M | 403M | 403M | 429M | 722M | 721M | 721M | 709M | 709M | 320M | 319M |
| Debt/Equity | 0.01 | 0.18 | 0.17 | 0.13 | 0.14 | 0.14 | 0.24 | 0.24 | 0.30 | 0.28 | 0.25 | 0.10 | 0.11 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 2.1B | 2.2B | 2.4B | 3.0B | 2.9B | 3.0B | 3.0B | 3.0B | 2.4B | 2.6B | 2.8B | 3.1B | 3.0B |
| Total Assets | 19.2B | 23.9B | 27.9B | 30.3B | 32.2B | 32.9B | 35.0B | 35.8B | 37.0B | 35.8B | 35.2B | 35.0B | 35.4B |
| Total Liabilities | 17.2B | 21.6B | 25.5B | 27.3B | 29.2B | 29.9B | 32.0B | 32.8B | 34.6B | 33.2B | 32.4B | 32.0B | 32.3B |
| Intangibles | 1.4M | 330K | 47K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 652M | 814M | 950M | 1.5B | 1.7B | 1.9B | 2.0B | 2.3B | 2.6B | 2.7B | 2.8B | 3.0B | 3.0B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.95 | 2.35 | 2.09 | 5.58 | 2.99 | 3.13 | 2.06 | 4.52 | 3.54 | 2.38 | 3.08 | 3.53 | 3.57 |
| Owner EPS | -1.26 | 1.75 | 2.59 | 2.62 | 7.51 | 6.19 | 8.41 | 12.44 | 15.12 | 7.66 | 4.75 | 3.86 | 4.01 |
| Book Value | 20.40 | 21.80 | 23.29 | 28.57 | 28.04 | 31.13 | 32.52 | 33.57 | 30.81 | 35.04 | 37.96 | 41.04 | 41.11 |
| Cash Flow/Share | -0.49 | 2.13 | 2.97 | 3.01 | 7.90 | 6.64 | 9.42 | 13.48 | 16.36 | 8.94 | 5.85 | 4.82 | 4.25 |
| Dividends/Share | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.92 | 0.92 | 1.00 | 1.08 | 1.16 | 1.24 | 1.28 |
| Shares Out. | 100.6M | 102.9M | 103.8M | 105.9M | 104.3M | 95.8M | 91.7M | 90.5M | 79.1M | 73.6M | 74.1M | 74.4M | 73.4M |
| Valuation | |||||||||||||
| P/E Ratio | 10.7 | 11.4 | 13.7 | 5.7 | 8.0 | 9.4 | 14.3 | 8.1 | 8.4 | 12.8 | 12.0 | 12.8 | 13.0 |
| P/FCF | N/A | 310.9 | 13.5 | 15.3 | 3.9 | 4.9 | 3.3 | 2.9 | 1.9 | 4.0 | 9.6 | 10.0 | 10.2 |
| EV/EBIT | 141.2 | 199.9 | 217.6 | N/A | 87.9 | 102.9 | 117.2 | 132.1 | 135.9 | 79.6 | 88.2 | 90.7 | -180.0 |
| Price/Book | 1.1 | 1.3 | 1.3 | 1.1 | 0.9 | 1.0 | 0.9 | 1.1 | 1.0 | 0.9 | 1.0 | 1.1 | 1.1 |
| Price/Sales | 3.1 | 3.2 | 2.7 | 2.7 | 2.8 | 3.0 | 2.2 | 3.6 | 2.8 | 1.9 | 2.3 | 2.6 | 3.1 |
| FCF Yield | -9.2% | 0.3% | 7.1% | 6.3% | 24.5% | 19.3% | 29.2% | 34.1% | 52.1% | 24.3% | 10.3% | 9.8% | 9.8% |
| Market Cap | 2.2B | 2.9B | 3.1B | 3.5B | 2.6B | 3.0B | 2.8B | 3.4B | 2.4B | 2.3B | 2.8B | 3.4B | 3.4B |
| Avg. Price | 22.63 | 25.19 | 24.43 | 27.32 | 30.35 | 27.37 | 20.37 | 36.17 | 34.12 | 23.78 | 30.76 | 36.85 | 46.47 |
| Year-End Price | 20.90 | 26.81 | 28.53 | 31.59 | 23.80 | 29.55 | 29.38 | 36.59 | 29.60 | 30.51 | 36.87 | 45.05 | 46.47 |
BankUnited, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
BankUnited, Inc. trades at 13.2x trailing earnings, compared to its 15-year median P/E of 10.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 10.2x vs a median of 4.5x. The company's 5-year average ROIC is 7.8% with a gross margin of 61.4%. Total shareholder yield (dividends + buybacks) is 4.1%. At current prices, the estimated annualized return to fair value is -6.1%.
BankUnited, Inc. (BKU) has a net profit margin of 13.8%. This is a healthy margin.
BankUnited, Inc. (BKU) generated $336 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BankUnited, Inc. (BKU) has a debt-to-equity ratio of 0.10. This indicates a conservatively financed balance sheet.
BankUnited, Inc. (BKU) reported earnings per share (EPS) of $3.53 in its most recent fiscal year.
BankUnited, Inc. (BKU) has a return on equity (ROE) of 9.0%. This indicates moderate shareholder returns.
BankUnited, Inc. (BKU) has a 5-year average gross margin of 61.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for BankUnited, Inc. (BKU), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BankUnited, Inc. (BKU) has a book value per share of $41.04, based on its most recent annual SEC filing.