BKU - BankUnited Inc. (BKU) Q1 2024 Earnings Call Transcript
2024-04-17 12:14:09 ET
BankUnited, Inc. (BKU)
Q1 2024 Earnings Call Transcript
April 17, 2024, 09:00 AM ET
Company Participants
Susan Greenfield - Corporate Secretary
Raj Singh - Chairman, President, and CEO
Tom Cornish - COO
Leslie Lunak - CFO
Conference Call Participants
Benjamin Gerlinger - Citi
Stephen Scouten - Piper Sandler
Jared Shaw - Barclays
Woody Lay - KBW
Steven Alexopoulos - J.P. Morgan
David Bishop - Hovde Group
Presentation
Operator
Good day and thank you for standing by. Welcome to BankUnited First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] Please note that today's conference is being recorded. I will now hand the conference over to your speaker host, Susan Greenfield, Corporate Secretary. Please go ahead.
Susan Greenfield
Thank you, Lydia. Good morning and thank you for joining us today on our first quarter 2024 results conference call. On the call this morning are Raj Singh, our Chairman, President, and CEO; Leslie Lunak, our Chief Financial Officer; and Tom Cornish, our Chief Operating Officer.
Before we start, I'd like to remind everyone that this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the company's current views with respect to, among other things, future events and financial performance. Any forward-looking statements made during this call are based on the historical performance of the company and its subsidiaries around the company's current plans, estimates, and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the company that the future plans, estimates, or expectations contemplated by the company will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions, including without limitations, those relating to the company's operations, financial results, financial condition, business prospects, growth strategy, and liquidity, including as impacted by external circumstances outside the company's direct control, such as adverse events impacting the financial services industry. The company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements. These factors should not be construed as exhaustive. Information on these factors can be found in the company's annual report on Form 10-K for the year ended December 31, 2023, and any subsequent quarterly report on Form 10-Q, or current report on Form 8-K, which are available at the SEC's website, www.sec.gov.
With that, I'd like to turn the call over to Raj.
Raj Singh
Thank you, Susan. Welcome, everyone. Thanks for joining us. We'll jump quickly into the numbers. We announced this morning an EPS $0.64 per share, net income of $48 million. I checked day before yesterday, I think, our consensus was at $0.60, so pretty happy about where we came out. These numbers do include -- there's not much noise in the numbers this quarter. There's only one item to point out, which is the $5.2 million on additional FDIC special assessment. Other than that, it's a pretty clean set of numbers....
BankUnited, Inc. (BKU) Q1 2024 Earnings Call Transcript