Bankunited, Inc. · NYSE:BKU
Bankunited — Investor Presentation (November 2012)
22 slides from Bankunited's investor presentation, Nov 13, 2012
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” or “BKU”) with respect to, among other things, future events and financial performance. BankUnited general
Slide 3: Overview of BankUnited: Company Snapshot
Overview of BankUnited Company Snapshot The largest traditional independent bank in Florida(1) Florida footprint: 96 branches in 15 counties $12.7 billion of assets $5.3 billion of gross loans $8.5 billion of total deposits $49.6 million of net income for the quarter ended September 30, 2012 As of S
Slide 4: The BankUnited Value Proposition: Clean Balance Sheet
Clean Balance Sheet The BankUnited Value Proposition 4
Slide 5: Clean Balance Sheet: Safe Balance Sheet, Strong Asset Quality
Clean Balance Sheet 5 Safe Balance Sheet Strong Asset Quality Source: SNL Financial. Financial data as of the quarter ended September 30, 2012, or most recent available. Peers data reflect median values for publicly traded U.S. banks and thrifts with assets between $10-25 billion and $1-5 billion in
Slide 6: Dynamic Growth Story – Fueled by Organic Growth
Clean Balance Sheet The BankUnited Value Proposition 6 Dynamic Growth Story – Fueled by Organic Growth
Slide 7: Transformed Loan Portfolio
Transformed Loan Portfolio $ in millions(1) Non-Covered Loans Legacy Loans and FDIC Asset $10.0 $7.9 $5.9 $5.1 UPB of Covered Loans and OREO ($BN) Balances are net of premiums, discounts, deferred fees and costs. 7
Slide 8: Our New Loan Growth has Outpaced Legacy Asset Runoff
Our New Loan Growth has Outpaced Legacy Asset Runoff Passed Inflection Point in 3Q 2011 and Have Been Experiencing Net Loan Growth (1) ($ in billions) 8 Balances are net of premiums, discounts, deferred fees and costs.
Slide 9: Transformed Deposit Base
Transformed Deposit Base $ in billions Deposits December 31, 2009 December 31, 2010 December 31, 2011 September 30, 2012 Cost of Deposits (1) 2.18% 1.39% 0.90% 0.70% Demand Interest Checking Money Market / Savings Time Deposits Cost of deposits as of period end date. Excludes accretion of fair value
Slide 10: Florida Consolidation
Florida Consolidation Source: SNL Financial. Financial data as of the quarter ended September 30, 2012, or most recent available. Excludes covered loans and loans acquired from the Herald National Bank acquisition. Excludes covered loans. 10 Since the Acquisition, we have grown our Florida commercia
Slide 11: The Next Chapter: Beyond Florida
The Next Chapter: Beyond Florida 11 Opening in 2013: 299 Park Avenue 960 Avenue of the Americas 136 E 57th Street
Slide 12: Management Team with Strong Track Record
Clean Balance Sheet The BankUnited Value Proposition 12 Dynamic Growth Story – Fueled by Organic Growth Management Team with Strong Track Record
Slide 13: Senior Executive Management Team
Senior Executive Management Team 13 Senior Executive Previous Employers # Years in Industry John Kanas Chairman, President & CEO Capital One, North Fork 30+ John Bohlsen Chief Lending Officer Capital One, North Fork 25+ Rajinder Singh Chief Operating Officer WL Ross, Capital One, North Fork, FleetBo
Slide 14: Strong Performance and Capital Position
Clean Balance Sheet The BankUnited Value Proposition 14 Dynamic Growth Story – Fueled by Organic Growth Management Team with Strong Track Record Strong Performance and Capital Position
Slide 15: How Do We Compare?
How Do We Compare? Return on Avg Assets Return on Avg Equity Net Interest Margin Tier 1 Leverage 1.0% 1.6% 8.2% 11.4% 3.5% 5.4% 9.7% 12.9% (1) (1) (1) (1) Source: SNL Financial. Financial data as of the quarter ended September 30, 2012, or most recent available. Peers data reflect median values for
Slide 16: Healthy Regulatory Relations
Clean Balance Sheet The BankUnited Value Proposition Dynamic Growth Story – Fueled by Organic Growth Management Team with Strong Track Record Strong Performance and Capital Position Healthy Regulatory Relations 16
Slide 17: The Dominant Florida Institution
Clean Balance Sheet The BankUnited Value Proposition Dynamic Growth Story – Fueled by Organic Growth Management Team with Strong Track Record Strong Performance and Capital Position Healthy Regulatory Relations The Dominant Florida Institution 17
Slide 18: Where are we headed?
@ & BankUnited Where are we headed?
Slide 19: What We've Done
What We’ve Done Built a strong Florida-centric commercial bank on the framework of a failed thrift Became a consolidator of the Florida market one loan and one customer at a time Enhanced infrastructure to support the future growth of a healthy institution and comply with new regulatory standards Bu
Slide 20: Building Our Brand
Building Our Brand Four consecutive superior 5-star ratings from BauerFinancial Received Baa3 investment grade rating from Moody’s (October 2012) #1 on the South Florida Business Journal's list of the "Top 25 Community Banks“ (September 2012) Named among the top 20 most active lenders in the South F
Slide 21: Looking Ahead
Looking Ahead Continue focus on small business and middle market customers in Florida Further develop the consumer segment and diversify into select consumer asset classes Launch New York with a commercial focus Maintain trajectory of loan growth Continue focus on lowering cost of funds while growin
Slide 22: BankUnited, Inc.
@ & BankUnited BankUnited, Inc.