Bankunited, Inc. · NYSE:BKU
Bankunited — Investor Presentation (March 2015)
19 slides from Bankunited's investor presentation, Mar 10, 2015
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 Strategy: Who We Are / Who We Are Not
Nimble regional bank evidenced by talent acquisition, infrastructure investment, streamlined decision making processes, and strategic capital deployment The BankUnited Strategy Growth one relationship at a time, generated by lenders experienced in market, supported by a strong credit culture Diversi
Slide 4: The BankUnited Look
The BankUnited Look @ & BankUnited
Slide 5: South Florida is Building Again
South Florida is Building Again 5
Slide 6: We believe we are in the best markets: unemployment
We believe we are in the best markets 6 Florida: Experienced severe unemployment during the crisis, reaching a historical high of 11.4% in late 2009/early 2010, and has since recovered dramatically to its current unemployment rate of 5.6%. New York: Current unemployment rate of 5.8% is better th
Slide 7: We believe we are in the best markets: Case-Shiller HPI
50 100 150 200 250 300 Ja n 00 A ug 0 0 M ar 0 1 O ct 0 1 M ay 0 2 D ec 0 2 Ju l 0 3 Fe b 04 S ep 0 4 A pr 0 5 N ov 0 5 Ju n 06 Ja n 07 A ug 0 7 M ar 0 8 O ct 0 8 M ay 0 9 D ec 0 9 Ju l 1 0 Fe b 11 S ep 1 1 A pr 1 2 N ov 1 2 Ju n 13 Ja n 14 A ug 1 4 NY MIA US We believe we are in the best markets 7
Slide 8: Overview of BankUnited: Company Snapshot
Overview of BankUnited Company Snapshot as of December 31, 2014 $19.2 billion of assets $12.7 billion of loans and leases(1), including equipment under operating leases New loans and leases, including equipment under operating lease, grew by $1.5 billion during the fourth quarter of 2014. For
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) 10 At December 31, 2010 At December 31, 2014 (1) Loan balances reported net of premiums, discounts, deferred fees and costs. Total Loans & FDIC Asset: $6.6BN Total Loans & FDIC Asset: $13.4BN Covered Loans 51% FDIC Asset 40% Resi 2% Multi- family 1% CRE 2% Const & Land
Slide 11: Transformed Loan Portfolio ($ in millions)
$422 $1,245 $2,769 $5,741 $8,846 $116 $469 $938 $1,829 $2,525 $538 $1,714 $3,707 $7,570 $11,371 $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014 $551 $398 $278 $202 $2,845 $2,025 $1,586 $1,282 $1,044 $207 $124 $76 $40 $14 $2,667 $2,049 $1,458 $1,2
Slide 12: Geographically Diverse Non-Covered Loan Portfolio
Geographically Diverse Non-Covered Loan Portfolio(1) $ in millions 12 (1) Loan balances reported net of premiums, discounts and deferred fees and costs. (2) We refer to our three commercial lending subsidiaries, mortgage warehouse lending operations, residential loan purchase program and former indi
Slide 13: New Commercial Loan Portfolio Trended
New Commercial Loan Portfolio(1) Trended $ in millions 13 (1) Excludes operating leases. Loan balances reported net of premiums, discounts and deferred fees and costs. $1,931 $2,762 $167 $2,401 $1,466 $1,781 $2,155 $2,413 $2,732 $2,942 $3,690 $4,454 $5,506 $6,365 $7,157 $7,548 $8,727 $0 $1,000 $2,00
Slide 14: Lending Subsidiaries Loan Portfolio
Lending Subsidiaries(1) Loan Portfolio(2) $ in millions 14 (1) Lending subsidiaries refers to our three commercial lending subsidiaries. Loan balances reported net of premiums, discounts and deferred fees and costs. (2) Includes loans and direct financing leases. Excludes operating leases. $751 $365
Slide 15: Transformed Deposit Base
Transformed Deposit Base $ in millions 15 Cost of Dep (1) 2.18% 1.39% 0.90% 0.66% 0.55% 0.55% Demand Interest Checking Money Market / Savings Time Deposits (1) Cost of deposits as of period end date. Excludes cost of interest rate swap against CD portfolio. Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 20
Slide 16: Fortress Balance Sheet
Cash & Securities 26% Covered Assets 5% FDIC Asset 5% Non-Covered Loans 59% Other Assets 5% Fortress Balance Sheet 16 De Minimis Non-Covered NPA’s Diversified Balance Sheet Financial data as of December 31, 2014, or most recent available. (1) Source: SNL Financial. Peers data reflect median values f
Slide 17: 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) Financial data as of and for the year ended December 31, 2014. (1) Source: SNL Financial. Peers data reflect median values for publicly traded U.S. banks and thrifts with assets bet
Slide 18: BankUnited Acquires SBA Platform
BankUnited Acquires SBA Platform(1) On March 9, 2015, the Company announced the acquisition of CertusBank’s Small Business Finance Unit (“SBF”) The platform includes substantially all of SBF’s operating assets, including a loan portfolio of approximately $203 million The SBF team of 34 employe
Slide 19: BankUnited, Inc.
@ & BankUnited BankUnited, Inc.