BankUnited Announces Fiscal 2008 Third-Quarter Results

BankUnited Financial Corporation Contributes $80 Million of Capital to BankUnited FSB BankUnited Financial Corporation (NASDAQ:BKUNA): Third-Quarter 2008 Summary: -- Total deposits of $7.6 billion at June 30, 2008, a 9.2% increase from June 30, 2007 -- Tier 1 leverage capital ratio of 7.6%, as of June 30, 2008, and total risk-based capital ratio of 13.8%, as of June 30, 2008 -- Provision for loan loss of $130 million for the quarter, resulting in a total loan loss reserve of $309.6 million, or 2.52% of total loans, as of June 30, 2008 -- Mortgage Assistance Program introduced BankUnited Financial Corporation (NASDAQ:BKUNA), parent company of BankUnited FSB, today reported a loss of $117.7 million, or a loss of $3.35 per diluted share for the quarter ended June 30, 2008, compared to earnings of $23.2 million, or $0.62 per... [read full story]