BankUnited, Inc. (NYSE: BKU) is a regional bank holding company that operates primarily through its wholly-owned subsidiary, BankUnited, N.A. Headquartered in Miami Lakes, Florida, the bank serves consumers, small and midsize businesses, and commercial real estate clients. Its business model leans heavily toward commercial banking, focusing on middle-market companies and large corporations, rather than traditional consumer checking and credit cards. BankUnited generates revenue primarily from the net interest margin—the spread between the interest it earns on its loan and securities portfolios and the interest it pays on deposits and other funding sources.
The bank's core product offerings include deposit accounts, commercial and industrial (C&I) loans, commercial real estate (CRE) loans, residential mortgages, and treasury and cash-management services. Geographically, BankUnited maintains a strong branch footprint in Florida and the New York metropolitan area, with additional corporate banking and lending operations in Dallas, Atlanta, and Charlotte. The company also operates national platforms for certain commercial lending and deposit products, including equipment finance and SBA lending units. Originally founded in 1984 as a savings bank, the current entity was recapitalized and re-established in 2009 by a private equity consortium following the regulatory closure of its predecessor, subsequently completing its initial public offering in 2011.
