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.

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