In the latest look at stocks ordered by largest market capitalization, Russell 3000 component BankUnited Inc. (Symbol: BKU) was identified as having a larger market cap than the smaller end of the S&P 500, for example Allegheny Technologies, Inc ...
Although the company remains focused on improving its revenues, its expenses continue to escalate. BankUnited has been witnessing continued improvements in its loan portfolio and deposit base, reflecting a strong balance sheet position.
BankUnited, headquartered in Miami Lakes, has 17 branches in Palm Beach County and 24 in Broward. The bank is concentrating on increasing loans, Kanas said, and will award $4 billion to $5 billion in new loans in 2015.
BankUnited Chairman, President and CEO John Kanas said loan volume declined in the third quarter for seasonal reasons, as many people in its core markets of Florida and New York were away on summer vacation.
BankUnited filed plans with federal regulators to close its branch in North Miami Beach's Keystone Plaza. The Miami Lakes-based bank had $50.7 million in deposits at the branch on June 30, according to the Federal Deposit Insurance Corp.