BankUnited Financial Corp. of Coral Gables, Fla., said its net income, buoyed by strong loan growth, set records for its fourth fiscal quarter and its fiscal year, which ended Sept. 30.
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The $8.7 billion-asset company said Tuesday that quarterly earnings rose 27% from the year earlier, to $14.1 million. For the full year earnings rose 30%, to $50.7 million.
It attributed the gains largely to a surge in mortgage originations. Though consumer and commercial loan volume fell, mortgage volume rose 36% in the quarter, to $813 million, and 27% for the full fiscal year.
