BankUnited Q3 Profit Down - Quick Facts

(RTTNews) - BankUnited Inc. (BKU) reported third-quarter ended September 30, 2014 net income of $53.6 million or $0.51 per share, down from $54.3 million or $0.52 per share in the quarter ended September 30, 2013. Analysts polled by Thomson Reuters expected the company to report earnings of $0.45 per share for the quarter. Analysts' estimates typically exclude special items.

But, net interest income for the quarter increased to $173.2 million from $164.1 million in the previous year. Total non-interest income totaled $14.5 million compared to $13.7 million last year.

John Kanas, Chairman, President and Chief Executive Officer, said, "Strong earnings this quarter are gratifying despite the impact of seasonal factors having reduced expected loan growth. We continue to project, however; our annual loan growth forecast to be accurate."