Miami Lakes, Fla.-based bank that recently expanded into New York
recognized in first year of eligibility
MIAMI LAKES, Fla.--(BUSINESS WIRE)--Apr. 22, 2013--
BankUnited, Inc. (NYSE: BKU) has taken the #1 spot in the SNL 2012
regional bank ranking of best performing regional banks its first year
of eligibility based on the financial data of its wholly-owned
subsidiary BankUnited, N.A.
One of the largest independent depository institutions headquartered in
Florida, BankUnited, N.A. posted a net interest margin for 2012 of
6.35%, the highest of any of the 100 companies included in the SNL
ranking.
“Coinciding with BankUnited’s entry in the New York market, this is a
great acknowledgement of the strength of the BankUnited brand and the
superior commercial and consumer banking services that we provide,” said
BankUnited Chairman, President and CEO John Kanas.
SNL Financial provides business intelligence on financial institutions
including exclusive analysis and in-depth data in real time for the
banking, financial services and insurance industries. SNL compiled the
ranking that focuses on profitability, asset quality and growth for the
12-month period ended Dec. 31, 2012. Banks reviewed were below $50
billion in assets with a branch network consisting of greater than 60
offices. Metrics used were: return on average tangible common equity,
net charge-offs as a percentage of average loans, adjusted Texas ratio,
efficiency ratio, net interest margin and loan growth.
A public company since 2009, BankUnited has had numerous industry
recognitions including being included in the top ten of Forbes
Magazine’s list of “Best Banks in America 2012,” and achieving the
#2 ranking in the $5 billion to $50 billion category of Bank Director
magazine’s 2012 national survey of the largest U.S. banks.
In addition, BankUnited has also earned, without interruption, superior
five-star ratings from the independent bank research firm BauerFinancial.
Headquartered in Miami Lakes, Florida with 97 Florida branches,
BankUnited recently opened two branches in Manhattan and one in
Melville, Long Island.
About BankUnited, N.A.
BankUnited, N.A., a national bank and wholly-owned subsidiary of
BankUnited, Inc. (NYSE: BKU), is headquartered in Miami Lakes, Florida
with $11.7 billion of assets, more than 1,360 professionals and 97
branches in 15 Florida counties as of December 31, 2012. Ranked 10th
on Forbes Magazine’s list of “Best Banks in America 2012,” and
one of the largest independent depository institutions headquartered in
Florida by assets, BankUnited provides a wide range of commercial and
consumer banking services. The company recently opened branches in New
York. For additional information, call (877) 779-2265 or visit www.BankUnited.com.
Source: BankUnited, Inc.
For BankUnited, Inc.
Savannah Whaley, 954-776-1999, ext. 225
swhaley@piersongrant.com
or
Mary
Harris, 305-817-8117
MHarris@BankUnited.com
