BankUnited (BKU) Q1 earnings beat estimates on the back of higher non-interest income and lower provisions. However, high costs, a decline in loan balance and lower NII turn out to be spoilsports.
U.S. stocks closed lower on Wednesday amid ongoing geopolitical tensions and a cautious Federal Reserve commentary, with falling crude prices adding to the market pressure.
Although the revenue and EPS for BankUnited (BKU) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.