Compared to Estimates, BankUnited (BKU) Q3 Earnings: A Look at Key Metrics

BankUnited, Inc. (BKU) reported $257.02 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 6%. EPS of $0.81 for the same period compares to $0.63 a year ago.The reported revenue represents a surprise of -0.63% over the Zacks Consensus Estimate of $258.65 million. With the consensus EPS estimate being $0.73, the EPS surprise was +10.96%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how BankUnited performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net charge-offs to average loans: 0.1% compared to the 0.2% average estimate based on three analysts. Net Interest Margin: 2.8% versus the three-analyst average estimate of 2.8%. Average Interest-Earning Assets: $34.19 billion versus $34.30 billion estimated by three analysts on average. Deposit service charges and fees: $5.02 million versus $5.04 million estimated by three analysts on average. Net Interest Income (FTE basis): $238.02 million versus the three-analyst average estimate of $240.24 million. Other non-interest income: $11.38 million versus $12.17 million estimated by three analysts on average. Total Non-Interest Income: $22.89 million versus $22.58 million estimated by three analysts on average. Lease financing: $6.37 million compared to the $5.37 million average estimate based on three analysts. Net interest income before provision for credit losses: $234.13 million versus $236.06 million estimated by three analysts on average. View all Key Company Metrics for BankUnited here>>>Shares of BankUnited have returned -3.5% over the past month versus the Zacks S&P 500 composite's +2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Infrastructure Stock Boom to Sweep AmericaA massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.The only question is “Will you get into the right stocks early when their growth potential is greatest?”Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How To Profit From Trillions On Spending For Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BankUnited, Inc. (BKU): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks