(RTTNews) - BankUnited, Inc. (BKU) reported that its fourth quarter net income was $69.26 million or $0.90 per share compared to $69.30 million or $0.91 per share, last year. The company noted that its fourth quarer net income was impacted by a $3.8 million software write-down. Adjusted net income was $72.0 million or $0.94 per share.
Total interest income declined to $442.40 million from $467.99 million, last year. Non-interest income totaled $30.0 million for the quarter ended December 31, 2025, compared to $25.2 million for the quarter ended December 31, 2024.
"In recognition of this strong performance, we are announcing an additional stock buyback authorization of $200 million and an increase to our next quarterly dividend of $0.02 per share," said Rajinder Singh, Chairman, President and CEO.
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