BankUnited Q4 Profit Down - Quick Facts

(RTTNews) - BankUnited Inc. (BKU) reported fourth-quarter net income available to common stockholders of $52.4 million, or $0.50 per share down from $61.4 million, or $0.61 per share in the year ago quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.46 per share for the quarter. Analysts' estimates typically exclude special items.

Earnings for the latest-quarter included net securities gains of approximately $2.3 million related to sales of certain securities in response to regulatory changes. Additionally, earnings for the fourth quarter of 2013 benefited from a reduction in the effective income tax rate resulting from changes in certain state tax positions and apportionment factors.

Net interest income for the quarter decreased to $164.3 million from $174.6 million in the prior year quarter. Non-interest income totaled $5.9 million as compared to $5.5 million last year.