Miami Lakes-based BankUnited’s first quarter profits rise

 

icordle@MiamiHerald.com

BankUnited (BKU) on Thursday reported a 14.7 percent increase in first quarter net income, to $55.3 million or 53 cents per share, compared to $48.2 million or 47 cents per share for the same quarter of 2013.

The Miami Lakes-based bank said its new loans grew by $1.1 billion during the first quarter, to $8.6 billion, and total deposits rose by $591 million to $11.1 billion.

BankUnited ended the first quarter with $15.8 billion in total assets. The bank has 99 branches in 15 Florida counties and six banking centers in the New York metropolitan area.

Read more Business stories from the Miami Herald

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category