Regional banking company BankUnited (NYSE: BKU) will be reporting earnings this Wednesday morning. Here’s what you need to know.
BankUnited missed analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $279.3 million, up 7.1% year on year. It was a slower quarter for the company, with a miss of analysts’ net interest income estimates and a slight miss of analysts’ revenue estimates.
Is BankUnited a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting BankUnited’s revenue to grow 5.4% year on year to $281.9 million, slowing from the 10.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.89 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BankUnited has missed Wall Street’s revenue estimates four times over the last two years.
Looking at BankUnited’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. First Horizon delivered year-on-year revenue growth of 8.1%, beating analysts’ expectations by 3.2%, and BOK Financial reported revenues up 12.7%, topping estimates by 7.6%. First Horizon traded up 53.2% following the results.
Read our full analysis of First Horizon’s results here and BOK Financial’s results here.
Investors in the regional banks segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. BankUnited is up 3.3% during the same time and is heading into earnings with an average analyst price target of $48.09 (compared to the current share price of $47.08).
P.S. STOP buying the AI stocks everyone's talking about. The real money? It’s in the profitable pick nobody’s watching yet. We’ve identified an AI profit machine that’s flying under Wall Street’s radar—for now. We can’t keep this research public forever—grab your FREE copy before we pull it offline. GO HERE NOW.
