SNL Financial Ranks BankUnited #1 Best Performing Regional Bank 2012
Miami Lakes, Fla.-based bank that recently expanded into New York recognized
in first year of eligibility
MIAMI LAKES, Fla. -- April 22, 2013
BankUnited, Inc. (NYSE: BKU) has taken the #1 spot in the SNL 2012 regional
bank ranking of best performing regional banks its first year of eligibility
based on the financial data of its wholly-owned subsidiary BankUnited, N.A.
One of the largest independent depository institutions headquartered in
Florida, BankUnited, N.A. posted a net interest margin for 2012 of 6.35%, the
highest of any of the 100 companies included in the SNL ranking.
“Coinciding with BankUnited’s entry in the New York market, this is a great
acknowledgement of the strength of the BankUnited brand and the superior
commercial and consumer banking services that we provide,” said BankUnited
Chairman, President and CEO John Kanas.
SNL Financial provides business intelligence on financial institutions
including exclusive analysis and in-depth data in real time for the banking,
financial services and insurance industries. SNL compiled the ranking that
focuses on profitability, asset quality and growth for the 12-month period
ended Dec. 31, 2012. Banks reviewed were below $50 billion in assets with a
branch network consisting of greater than 60 offices. Metrics used were:
return on average tangible common equity, net charge-offs as a percentage of
average loans, adjusted Texas ratio, efficiency ratio, net interest margin and
A public company since 2009, BankUnited has had numerous industry recognitions
including being included in the top ten of Forbes Magazine’s list of “Best
Banks in America 2012,” and achieving the #2 ranking in the $5 billion to $50
billion category of Bank Director magazine’s 2012 national survey of the
largest U.S. banks.
In addition, BankUnited has also earned, without interruption, superior
five-star ratings from the independent bank research firm BauerFinancial.
Headquartered in Miami Lakes, Florida with 97 Florida branches, BankUnited
recently opened two branches in Manhattan and one in Melville, Long Island.
About BankUnited, N.A.
BankUnited, N.A., a national bank and wholly-owned subsidiary of BankUnited,
Inc. (NYSE: BKU), is headquartered in Miami Lakes, Florida with $11.7 billion
of assets, more than 1,360 professionals and 97 branches in 15 Florida
counties as of December 31, 2012. Ranked 10^th on Forbes Magazine’s list of
“Best Banks in America 2012,” and one of the largest independent depository
institutions headquartered in Florida by assets, BankUnited provides a wide
range of commercial and consumer banking services. The company recently opened
branches in New York. For additional information, call (877) 779-2265 or visit
For BankUnited, Inc.
Savannah Whaley, 954-776-1999, ext. 225
Mary Harris, 305-817-8117
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