Last $29.11 USD
Change Today +0.05 / 0.17%
Volume 470.4K
BKU On Other Exchanges
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New York
Berlin
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

14817 Oak Lane

Miami Lakes, FL 33016

United States

Phone: 305-569-2000

Fax:

BankUnited, Inc. operates as the holding company for BankUnited, National Association that provides a range of banking services to individual and corporate customers. Market Areas The company’s primary banking markets are Florida, in particular the Miami metropolitan statistical area, and the Tri-State market of New York, New Jersey, and Connecticut. Products and Services Lending and Leasing The company’s primary lending focus is to serve commercial and middle-market businesses, their executives and consumers with various financial products and services. It offers a range of lending products that cater to its customers' needs, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit, residential mortgages, and consumer loans. The company also purchases performing residential loans through established correspondent channels on a national basis. Commercial Loans and Leasing: The company’s commercial loans, which are made to growing companies and middle-market businesses, include equipment loans, secured and unsecured commercial and working capital lines of credit, formula-based loans, mortgage warehouse lines, taxi medallion loans, letters of credit, a range of Small Business Administration product offerings, and acquisition finance credit facilities. Through three lending subsidiaries, the company provides municipal and equipment financing on a national basis. Pinnacle Public Finance offers essential use equipment financing to municipalities through both loan and direct finance lease structures. United Capital Business Lending offers small business equipment leases and loans with a primary focus on franchise equipment finance. Bridge Capital Leasing primarily provides transportation equipment finance through both direct finance lease and operating lease structures. Commercial Real Estate Loans: The company offers term financing for the acquisition or refinancing of properties, primarily rental apartments, mixed-use commercial properties, industrial properties, warehouses, retail shopping centers and free-standing buildings, office buildings, and hotels. Other products that it provides include real estate secured lines of credit; acquisition, development, and construction loan facilities; and construction financing. The company makes commercial real estate loans secured by both owner-occupied and non-owner occupied properties. Residential Mortgages: The company purchases loans to supplement its mortgage origination platform and to geographically diversify its loan portfolio. Consumer Loans: The company offers consumer loans to its customers for personal, family, and household purposes, including auto, boat, and personal installment loans and recently added indirect auto lending to its product suite. As of December 31, 2013, the majority of its consumer loans were indirect auto loans. Investment Securities As of December 31, 2013, the company’s investment portfolio included U.S. government agency and sponsored enterprise residential mortgage-backed securities; U.S. government agency and sponsored enterprise commercial mortgage-backed securities; Re-Remics; private label residential mortgage-backed securities and CMOs; private label commercial mortgage-backed securities; non-mortgage asset-backed securities; mutual funds and preferred stocks; Small Business Administration securities; and other debt securities. Deposits The company offers traditional deposit products, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit with various terms and rates. Marketing and Distribution The company conducted its banking business through 99 branches located in 15 Florida counties, as well as 6 banking centers in the New York metropolitan area as of December 31, 2013. Its distribution network also includes 104 ATMs, integrated online banking, and a telephone banking service. The company targets growing companies and commercial and middle-market businesses, as well as individual consumers. Regulation and Supervision The company is subject to ongoing and comprehensive supervision, regulation, examination, and enforcement by the Federal Reserve Board. As a national bank organized under the National Bank Act, the bank is subject to ongoing and comprehensive supervision, regulation, examination, and enforcement by the Office of the Comptroller of the Currency. The bank is a member of the Federal Home Loan Bank of Atlanta. Following its Community Reinvestment Act examination, the bank received an overall rating of ‘Satisfactory’. Competition The company’s major banking competitors in the Florida market include Bank of America, BB&T, JPMorgan Chase, Regions Bank, SunTrust Banks, TD Bank, and Wells Fargo. In the Tri-State market, it also competes with Capital One, Signature Bank, New York Community Bank, Valley National, and M&T Bank. History BankUnited, Inc. was founded in 2009.

 

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BKU

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Valuation BKU Industry Range
Price/Earnings 14.5x
Price/Sales 4.3x
Price/Book 1.5x
Price/Cash Flow 14.1x
TEV/Sales 0.3x
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