Business

BankUnited‘s third quarter net income essentially flat

BankUnited on Thursday reported essentially flat earnings for the third quarter, with net income of $53.6 million, or 51 cents per share, compared to $54.3 million, or 52 cents per share, for the same period of 2013.

John Kanas, BankUnited’s chairman, president and chief executive said seasonal factors reduced expected loan growth. The bank’s New York franchise contributed $198 million to new loan growth for the quarter while the Florida franchise contributed $147 million.

The Miami Lakes-based bank’s deposits increased by $797 million during the quarter to $12.8 billion, reflecting growth across all deposit categories, the bank said.

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