BankUnited, Inc. Earnings Per Share Disclosure
| Years Ended December 31, | |||||||||||||||||
| c | 2025 | 2024 | 2023 | ||||||||||||||
| Basic earnings per common share: | |||||||||||||||||
| Numerator: | |||||||||||||||||
Net income | $ | 268,353 | $ | 232,467 | $ | 178,671 | |||||||||||
Distributed and undistributed earnings allocated to participating securities | (5,697) | (4,113) | (3,565) | ||||||||||||||
| Income allocated to common stockholders for basic earnings per common share | $ | 262,656 | $ | 228,354 | $ | 175,106 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted average common shares outstanding | 75,039,662 | 74,694,303 | 74,493,898 | ||||||||||||||
| Less average unvested stock awards | (1,115,829) | (1,098,045) | (1,168,004) | ||||||||||||||
| Weighted average shares for basic earnings per common share | 73,923,833 | 73,596,258 | 73,325,894 | ||||||||||||||
| Basic earnings per common share | $ | 3.55 | $ | 3.10 | $ | 2.39 | |||||||||||
| Diluted earnings per common share: | |||||||||||||||||
| Numerator: | |||||||||||||||||
| Income allocated to common stockholders for basic earnings per common share | $ | 262,656 | $ | 228,354 | $ | 175,106 | |||||||||||
Adjustment for earnings reallocated from participating securities | (648) | (402) | (275) | ||||||||||||||
| Income used in calculating diluted earnings per common share | $ | 262,008 | $ | 227,952 | $ | 174,831 | |||||||||||
| Denominator: | |||||||||||||||||
| Weighted average shares for basic earnings per common share | 73,923,833 | 73,596,258 | 73,325,894 | ||||||||||||||
| Dilutive effect of certain share-based awards | 380,640 | 382,043 | 197,441 | ||||||||||||||
Weighted average shares for diluted earnings per common share | 74,304,473 | 73,978,301 | 73,523,335 | ||||||||||||||
| Diluted earnings per common share | $ | 3.53 | $ | 3.08 | $ | 2.38 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 20, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Feb 27, 2019 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.