- New loans grew by $1.1 billion during the third quarter of 2013. For the nine months ended September 30, 2013, new loans increased by $2.5 billion to $6.2 billion.
- Total deposits increased by $817 million for the quarter ended September 30, 2013 to $9.8 billion, reflecting growth across all deposit categories. For the nine months ended September 30, 2013, total deposits grew by $1.3 billion.
- The net interest margin, calculated on a tax-equivalent basis, was 5.70% for the quarter ended September 30, 2013.
- Earnings for the quarter ended September 30, 2013 benefited from a reduction in the effective income tax rate, primarily due to a $3.6 million release of reserves for uncertain tax liabilities.
- Book value and tangible book value per common share were $18.70 and $18.01, respectively, at September 30, 2013.
BankUnited, Inc. Reports Third Quarter 2013 Results, Continued Loan Growth
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