BankUnited GAAP EPS of $0.97 misses by $0.02, revenue of $284.55M misses by $5.73M

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BankUnited press release ( BKU ): Q2 GAAP EPS of $0.97 misses by $0.02 . Revenue of $284.55M (+3.9% Y/Y) misses by $5.73M . Texas Capital Bank raised; Truist, BankUnited cut at Citi Seeking Alpha’s Quant Rating on BankUnited

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BankUnited's Q2 GAAP EPS came in at $0.97, missing expectations by $0.02, while revenue rose 3.9% year-over-year to $284.55 million, still falling short of market forecasts. Alongside the earnings miss, Citi downgraded its rating on BankUnited. This has fueled profitability concerns across the regional banking sector, dampening investor sentiment.

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