BankUnited Management

Management criteria checks 3/4

BankUnited's CEO is Raj Singh, appointed in Jan 2017, has a tenure of 7.33 years. total yearly compensation is $5.96M, comprised of 17.6% salary and 82.4% bonuses, including company stock and options. directly owns 0.38% of the company’s shares, worth €7.52M. The average tenure of the management team and the board of directors is 7.3 years and 9.4 years respectively.

Key information

Raj Singh

Chief executive officer

US$6.0m

Total compensation

CEO salary percentage	17.6%
CEO tenure	7.3yrs
CEO ownership	0.4%
Management average tenure	7.3yrs
Board average tenure	9.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Raj Singh's remuneration changed compared to BankUnited's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$170m
Dec 31 2023	US$6m	US$1m	US$175m
Sep 30 2023	n/a	n/a	US$218m
Jun 30 2023	n/a	n/a	US$258m
Mar 31 2023	n/a	n/a	US$266m
Dec 31 2022	US$6m	US$1m	US$280m
Sep 30 2022	n/a	n/a	US$340m
Jun 30 2022	n/a	n/a	US$340m
Mar 31 2022	n/a	n/a	US$378m
Dec 31 2021	US$6m	US$1m	US$409m
Sep 30 2021	n/a	n/a	US$368m
Jun 30 2021	n/a	n/a	US$346m
Mar 31 2021	n/a	n/a	US$316m
Dec 31 2020	US$5m	US$1m	US$189m
Sep 30 2020	n/a	n/a	US$193m
Jun 30 2020	n/a	n/a	US$202m
Mar 31 2020	n/a	n/a	US$207m
Dec 31 2019	US$5m	US$1m	US$300m
Sep 30 2019	n/a	n/a	US$264m
Jun 30 2019	n/a	n/a	US$285m
Mar 31 2019	n/a	n/a	US$293m
Dec 31 2018	US$6m	US$985k	US$312m
Sep 30 2018	n/a	n/a	US$664m
Jun 30 2018	n/a	n/a	US$636m
Mar 31 2018	n/a	n/a	US$613m
Dec 31 2017	US$5m	US$935k	US$591m

Compensation vs Market: Raj's total compensation ($USD5.96M) is above average for companies of similar size in the German market ($USD1.63M).

Compensation vs Earnings: Raj's compensation has been consistent with company performance over the past year.

CEO

Raj Singh (52 yo)

7.3yrs

Tenure

US$5,962,451

Compensation

Mr. Rajinder P. Singh, also known as Raj, serves as Director at Federal Reserve Bank of Atlanta since January 01, 2023. Mr. Singh has been the Chief Executive Officer and President of BankUnited, Inc. sinc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rajinder Singh	Chairman	7.3yrs	US$5.96m	0.38% $ 7.5m
Leslie Lunak	Chief Financial Officer	11.2yrs	US$1.80m	0.11% $ 2.2m
Thomas Cornish	Chief Operating Officer	7.3yrs	US$3.10m	0.15% $ 3.0m
Rishi Bansal	Chief Investment Officer of BankUnited	no data	US$1.79m	0.026% $ 518.0k
Jay Richards	Chief Risk Officer of BankUnited	4.7yrs	US$1.25m	0.063% $ 1.3m
Christopher Perry	Executive VP & Director of Human Resources	no data	no data	no data
Claire Raley	Senior VP & Community Development Officer	11.1yrs	no data	no data
Joseph DiSanti	Senior Vice President of Corporate Banking	no data	no data	no data
Lisa Shim	Executive VP & Head of Consumer and Small Business	no data	no data	no data
Benjamin Stacks	Executive VP & Manager of Commercial Real Estate Lending for North Region	5.7yrs	no data	no data
Joshua Kesner	Senior VP & Director of Commercial Card Services	4.9yrs	no data	no data
Filippo Ghia	Executive VP & Executive Risk Officer	no data	no data	no data

7.3yrs

Average Tenure

52yo

Average Age

Experienced Management: BNU's management team is seasoned and experienced (7.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Rajinder Singh	Chairman	10.8yrs	US$5.96m	0.38% $ 7.5m
Sanjiv Sobti	Independent Director	10yrs	US$225.01k	0.022% $ 441.2k
William Rubenstein	Independent Director	6.8yrs	US$165.04k	0.021% $ 424.2k
Douglas Pauls	Lead Independent Director	10yrs	US$235.03k	0.058% $ 1.2m
Michael Dowling	Independent Director	11yrs	US$165.01k	0.027% $ 548.5k
Lynne Wines	Independent Director	8.8yrs	US$190.04k	0.025% $ 495.0k
Tere Blanca	Independent Director	10.7yrs	US$140.01k	0.027% $ 548.5k
John DiGiacomo	Independent Director	5.8yrs	US$165.01k	0.017% $ 339.5k
A. Prudenti	Independent Director	8.8yrs	US$140.01k	0.019% $ 380.3k
Germaine Smith-Baugh	Independent Director	less than a year	US$113.84k	0.0055% $ 110.8k

9.4yrs

Average Tenure

63yo

Average Age

Experienced Board: BNU's board of directors are considered experienced (9.4 years average tenure).

BankUnited Management

Management criteria checks 3/4

Key information

Recent management updates

BankUnited, Inc. Appoints Germaine Smith-Baugh as Director

BankUnited Inc. Announces New Corporate Banking Team in New York

Insufficient new directors

Independent Director recently sold €165k worth of stock

Chief Risk Officer of BankUnited recently sold €287k worth of stock

Insufficient new directors

Recent updates

First quarter 2024 earnings released: EPS: US$0.65 (vs US$0.71 in 1Q 2023)

First quarter 2024 earnings released: EPS: US$0.65 (vs US$0.71 in 1Q 2023)

BankUnited, Inc. Reports Net Charge-Offs Results for the First Quarter Ended March 31, 2024

Upcoming dividend of US$0.29 per share

BankUnited, Inc. to Report Q1, 2024 Results on Apr 17, 2024

Fourth quarter dividend of US$0.29 announced

BankUnited, Inc. Declares Quarterly Dividend, Payable on April 30, 2024

Full year 2023 earnings released: EPS: US$2.39 (vs US$3.55 in FY 2022)

BankUnited, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

Full year 2023 earnings released: EPS: US$2.39 (vs US$3.55 in FY 2022)

New major risk - Revenue and earnings growth

BankUnited, Inc. Announces Quarterly Dividend, Payable on January 31, 2024

Investor sentiment improves as stock rises 16%

BankUnited, Inc. Announces Net Charge-Offs Results for the Third Quarter Ended September 30, 2023

New minor risk - Profit margin trend

BankUnited, Inc. to Report Q3, 2023 Results on Oct 19, 2023

BankUnited, Inc. Announces Quarterly Dividend, Payable on October 31, 2023

BankUnited, Inc. Reports Net Charge-Offs Results for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings released: EPS: US$0.78 (vs US$0.82 in 2Q 2022)

Investor sentiment improves as stock rises 16%

Upcoming dividend of US$0.27 per share at 4.9% yield

BankUnited, Inc. to Report Q2, 2023 Results on Jul 25, 2023

Now 21% undervalued after recent price drop

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 17%

BankUnited, Inc. Appoints Germaine Smith-Baugh as Director

BankUnited Inc. Announces New Corporate Banking Team in New York

Investor sentiment deteriorates as stock falls 19%

Now 27% undervalued after recent price drop

First quarter 2023 earnings released: EPS: US$0.71 (vs US$0.79 in 1Q 2022)

Upcoming dividend of US$0.27 per share at 4.8% yield

Investor sentiment deteriorates as stock falls 19%

Full year 2022 earnings released: EPS: US$3.55 (vs US$4.52 in FY 2021)

Upcoming dividend of US$0.25 per share

BankUnited, Inc. to Report Q4, 2022 Results on Jan 19, 2023

BankUnited, Inc. Declares Quarterly Cash Dividend, Payable on January 31, 2023

Insufficient new directors

Independent Director recently sold €165k worth of stock

Third quarter 2022 earnings released: EPS: US$1.13 (vs US$0.94 in 3Q 2021)

Upcoming dividend of US$0.25 per share

BankUnited, Inc. to Report Q3, 2022 Results on Oct 20, 2022

BankUnited, Inc. Announces Quarterly Dividend Payable on October 31, 2022

BankUnited, Inc. (NYSE:BKU) announces an Equity Buyback for $150 million worth of its shares.

Second quarter 2022 earnings released: EPS: US$0.82 (vs US$1.12 in 2Q 2021)

Upcoming dividend of US$0.25 per share

BankUnited, Inc. to Report Q2, 2022 Results on Jul 21, 2022

BankUnited, Inc. Announces Quarterly Dividend, Payable on July 29, 2022

Chief Risk Officer of BankUnited recently sold €287k worth of stock

BankUnited, Inc. (NYSE:BKU) announces an Equity Buyback for $150 million worth of its shares.

First quarter 2022 earnings released: EPS: US$0.79 (vs US$1.06 in 1Q 2021)

Insufficient new directors

First quarter 2022 earnings released: EPS: US$0.79 (vs US$1.06 in 1Q 2021)

BankUnited, Inc., Annual General Meeting, May 18, 2022

Upcoming dividend of US$0.25 per share

BankUnited, Inc. to Report Q1, 2022 Results on Apr 21, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

BankUnited, Inc. (NYSE:BKU) announces an Equity Buyback for $150 million worth of its shares.

BankUnited, Inc. Announces Impairment of Operating Lease Equipment the Fourth Quarter Ended December 31, 2021

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.23 per share

Insufficient new directors

Third quarter 2021 earnings released: EPS US$0.94 (vs US$0.70 in 3Q 2020)

Upcoming dividend of US$0.23 per share

Second quarter 2021 earnings released: EPS US$1.12 (vs US$0.80 in 2Q 2020)

BankUnited, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2021

Upcoming dividend of US$0.23 per share

Independent Director recently sold €87k worth of stock

Chief Risk Officer of BankUnited recently sold €63k worth of stock

First quarter 2021 earnings released: EPS US$1.06 (vs US$0.32 loss in 1Q 2020)