Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 263M | 7.4% |
| Gross Profit | 90M | 31.6% |
| Cost of Revenue | 174M | 1.9% |
| Operating expense | 43M | 2.2% |
| Net Income | 61M | 14.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 35.8B | 1% |
| Total Liabilities | 33B | 0.8% |
| Total Equity | 2.81B | 4% |
| Shares Outstanding | 75M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 46M | 66% |
| Cash from investing | 19M | 108.5% |
| Cash from financing | 391M | 279.6% |
EPS
Financial Highlights for BankUnited in Q3 '24
BankUnited reported a revenue of 263M, which is a 7.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 90M, marking a 31.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 174M, a -1.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 43M, showing a -2.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 61M, showing a 14.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for BankUnited with growth in revenue, gross profit, and net income.
