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Company Description

Contact Info

14817 Oak Lane

Miami Lakes, FL 33016

United States

Phone: 305-569-2000

Fax:

BankUnited, Inc. operates as the bank holding company for BankUnited, National Association that provides a range of banking services to individual and corporate customers. The company also provides certain commercial lending products on a national platform. The company endeavors to provide relationship focused, personalized customer service; and offers a range of traditional banking products and services to both its commercial and retail customers. The company, through three commercial lending subsidiaries of the bank, engages in equipment and municipal finance on a national basis. The company also originates small business loans through programs sponsored by the U.S. Small Business Administration (SBA) and to a lesser extent the U.S. Department of Agriculture (USDA); and provides mortgage warehouse finance on a national basis. Market Areas The company’s primary banking markets are Florida, with the major concentration being the Miami metropolitan statistical area, and the Tri-State market of New York, New Jersey and Connecticut. The company operates through 98 branches located in 15 Florida counties. The company had six banking centers in metropolitan New York, including four in Manhattan, one in Long Island, and one in Brooklyn as of December 31, 2015. Products and Services Lending and Leasing The company’s primary lending focus is to serve small and middle-market businesses, their executives and consumers with various financial products and services. The company offers a range of lending products that cater to its customers' needs, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit and consumer loans. The company also purchases performing residential loans through correspondent channels on a national basis. Commercial Loans and Leasing: The company’s commercial loans, which are generally made to improving companies and middle-market businesses, include equipment loans and leases, secured and unsecured commercial and working capital lines of credit, formula-based loans, mortgage warehouse lines, taxi medallion loans, letters of credit, SBA product offerings and business acquisition finance credit facilities. Commercial Real Estate Loans: The company offers term financing for the acquisition or refinancing of properties, primarily rental apartments, mixed-use commercial properties, industrial properties, warehouses, retail shopping centers, free-standing single-tenant buildings, office buildings and hotels. Other products that the company provides include real estate secured lines of credit, acquisition, development and construction loan facilities and construction financing. The company makes commercial real estate loans secured by both owner-occupied and non-owner occupied properties. National Commercial Lending Platforms: Through the bank's three commercial lending subsidiaries, the company provides municipal and equipment financing on a national basis. Pinnacle Public Finance, Inc. (Pinnacle), headquartered in Scottsdale, Arizona, offers essential use equipment financing to municipalities through loan, bond refunding and direct finance lease structures. United Capital Business Lending, Inc. (UCBL) offers small business equipment leases and loans with a primary focus on franchise equipment finance. Bridge Capital Leasing, Inc (Bridge) provides transportation equipment finance through loan, direct finance lease and operating lease structures. Effective January 2016, UCBL and Bridge were merged into a single legal entity, Bridge Funding Group, Inc. In 2015, the company acquired the Small Business Finance Unit (SBF) of CertusHoldings, Inc., enabling the company to expand its small business lending platform on a national basis. SBF offers a range of SBA, and to a lesser extent, USDA products. The company typically sells the government guaranteed portion of the loans SBF originates, and retains the unguaranteed portion in portfolio. The company also engages in mortgage warehouse lending on a national basis. Consumer Loans: The company offers

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Valuation BKU Industry Range
Price/Earnings 12.2x
Price/Sales 3.6x
Price/Book 1.4x
Price/Cash Flow 11.8x
TEV/Sales NM Not Meaningful
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