BankUnited on Tuesday reported fourth quarter 2012 net income of $62.5 million, or 61 cents per share, up from $41.3 million, or 41 cents per share, for the quarter ended Dec. 31, 2011.
For the full year BankUnited earned $211.3 million, or $2.05 per share, generating a return on average stockholders’ equity of 12.45 percent. The bank had reported net income of $63.2 million, or 62 cents per share, for 2011, which included a one-time charge of $110.4 million related to BankUnited’s first quarter 2011 initial public offering.
Miami Lakes-based BankUnited said it opened three new Florida branches during the fourth quarter of 2012 and expects to open three branches in Manhattan in the first quarter of 2013.
BankUnited has $11.7 billion in total assets and 98 branches in 15 counties.
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