Bankunited, Inc. · NYSE:BKU
Bankunited — Investor Presentation (September 2013)
16 slides from Bankunited's investor presentation, Sep 9, 2013
Slide 1: BankUnited, Inc.
@ & BankUnited BankUnited, Inc.
Slide 2: Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the current views of BankUnited, Inc. (“BankUnited”, “BKU” or the “Company”) with respect to, among other things, future events and financial performance. Ban
Slide 3: The BankUnited Look
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Slide 4: The South Florida Market is Showing Signs of Recovery From the Headlines
The South Florida Market is Showing Signs of Recovery 4 From the Headlines Bright days ahead for South Florida economy Miami Herald August 2013 Multi-Family leads way as commercial realty demand rises Miami Today May 2013 Wages rise 2.2% in South Florida, higher than national average Sun-Sentinel Au
Slide 5: South Florida is Building Again
South Florida is Building Again 5
Slide 6: Unemployment Rate Lower than National Average in Both of our Major Markets
Unemployment Rate Lower than National Average in Both of our Major Markets 6 Florida 7.1% New York 7.5% National 7.6% Source: Bureau of Labor Statistics. Data as of June 30, 2013.
Slide 7: The BankUnited Value Proposition
Dynamic Growth Story – Fueled by Organic Growth The BankUnited Value Proposition 7 Strong Performance and Capital Position Management Team with Strong Track Record Strong Regulatory Relations Positioned to Grow in Attractive Markets Continued Disciplined Evaluation of M&A Opportunities 7
Slide 8: Overview of BankUnited
Overview of BankUnited Company Snapshot as of June 30, 2013 $13.2 billion of assets $6.8 billion of loans New loans grew by $1.1 billion for the quarter ended June 30, 2013 $9.0 billion of total deposits $54.0 million, or $0.52 per diluted common share of net income for the quarter ended June 30, 20
Slide 9: Franchise Dramatically Enhanced
Franchise Dramatically Enhanced 9 Old Face Transformed into the New Face of the Franchise
Slide 10: Transformed Loan Portfolio
Transformed Loan Portfolio(1) $ in millions 10 Non-covered Loans Covered Loans, OREO & FDIC Asset Of Total Loans (%) UPB of Covered Loans and OREO ($bn) $538 $1,714 $3,707 $5,160 13.7% 41.4% 66.5% 75.8% $7.8 $6.0 $4.6 $4.0 $3,042 $3,398 $4,596 $6,270 Loan balances reported net of premiums, discounts
Slide 11: Geographically Diverse Non-Covered Loan Portfolio
Geographically Diverse Non-Covered Loan Portfolio(1) $ in millions 11 $5,160 $4,087 $3,707 $3,258 Loan balances reported net of premiums, discounts, deferred fees and costs. National includes loans in our lending subsidiaries, purchased residential loans and indirect auto loans. (2) $2,897 $2,395 $1
Slide 12: Transformed Deposit Base
Transformed Deposit Base $ in millions 12 Money Market / Savings Time Deposits Non-Interest Bearing Interest Checking Cost of deposits as of period end date. Excludes cost of interest rate swap against CD portfolio. Cost of Dep (1) 2.18% 1.39% 0.90% 0.66% 0.58% $7,164 $7,365 $8,538 $7,667 $9,031 Dec
Slide 13: Fortress Balance Sheet
Fortress Balance Sheet 13 De Minimis Non-Covered NPA’s Safe Balance Sheet Financial data as of June 30, 2013, or most recent available. Source: SNL Financial. Peers data reflect median values for publicly traded U.S. banks and thrifts with assets between $10-25 billion and $1-5 billion in market cap
Slide 14: Strong Performance Relative to Peers
Strong Performance Relative to Peers Return on Avg Assets Return on Avg Equity Net Interest Margin Tier 1 Leverage (1) (1) (1) (1) Financial data as of and for the quarter ended June 30, 2013. Source: SNL Financial. Peers data reflect median values for publicly traded U.S. banks and thrifts with ass
Slide 15: The BankUnited Value Proposition
The BankUnited Value Proposition 15 15 Dynamic Growth Story – Fueled by Organic Growth Strong Performance and Capital Position Management Team with Strong Track Record Strong Regulatory Relations Positioned to Grow in Attractive Markets Continued Disciplined Evaluation of M&A Opportunities
Slide 16: BankUnited, Inc.
@ & BankUnited BankUnited, Inc.