BankUnited Inc
0.0 %
47.89 %
Yet to be announced
Company Overview
BankUnited, Inc. operates through a network of 63 banking centers located in 13 Florida counties; and 4 banking centers in the New York metropolitan area. The company also offers online, mobile, and telephone banking services.
Revenue Sources
As a traditional banking institution, BankUnited's core business model is fundamentally based on interest-based lending and borrowing, which is considered haram in Islamic finance. The vast majority of their revenue comes from interest income on loans and securities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $257.02m | $258.23m | $234.13m | $258.23m | 91.09% | 100.00% |
| June 30, 2024 | $250.21m | $257.28m | $226.02m | $257.28m | 90.33% | 100.00% |
| March 31, 2024 | $241.73m | $266.62m | $214.86m | $266.62m | 88.88% | 100.00% |
| Dec. 31, 2023 | $234.3m | $266.0m | $217.21m | $266.0m | 92.71% | 100.00% |
Based on the financial data provided for the last four quarters, interest income and interest expense make up the majority of BankUnited's revenue and expenses. Interest income represents over 90% of total revenue in each quarter, while interest expense constitutes a similarly high percentage of total expenses. This indicates that interest-based activities are central to the company's business model.
Operational Ethics
Based on available information from SEC filings and company disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
Login to join the discussion