Estados financieros detallados de BankUnited, Inc. (BKU): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
BankUnited, Inc. registró ingresos de $2.14B en el último ejercicio fiscal, con un CAGR de 5 años del 12.3%. El beneficio neto alcanzó $268.4M, con un CAGR a 5 años del 6.3%.
Márgenes de los últimos 12 meses: margen bruto 44.9%, margen operativo 9.8%, margen neto 14.7%. El flujo de caja libre creció a un CAGR del -15.7% en 5 años.
Al precio actual de $44.62, BKU cotiza a un P/E de 12.32 y un ROE del 9.04%. La capitalización bursátil es de $3.2B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $1.17B | $1.36B | $1.58B | $1.43B | $1.20B | $1.09B | $1.31B | $1.94B | $2.02B | $2.14B |
| Coste de Ventas | $239.7M | $322.9M | $425.0M | $538.0M | $494.3M | $96.6M | $392.6M | $1.07B | $1.07B | $1.08B |
| Beneficio Bruto | $925.9M | $1.04B | $1.16B | $891.1M | $706.5M | $997.0M | $915.4M | $873.0M | $958.3M | $1.06B |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $400.9M | $436.3M | $535.7M | $252.3M | $239.0M | $262.2M | $283.5M | $347.5M | $351.7M | $532.7M |
| Gastos Operativos | $590.4M | $635.0M | $740.5M | $487.1M | $457.2M | $547.6M | $540.3M | $636.0M | $642.0M | $702.9M |
| Beneficio Operativo | $335.4M | $404.5M | $415.6M | $404.0M | $250.1M | $449.4M | $375.1M | $237.1M | $316.3M | $357.3M |
| EBITDA | $391.9M | $466.0M | $479.9M | $476.4M | $321.9M | $527.9M | $452.8M | $311.1M | $376.5M | $393.1M |
| Gastos por Intereses | $188.8M | $254.2M | $399.1M | $529.1M | $315.9M | $163.8M | $317.5M | $983.8M | $1.01B | $805.2M |
| Beneficio Antes de Impuestos | $335.4M | $404.5M | $415.6M | $404.0M | $249.4M | $449.4M | $375.1M | $237.1M | $316.3M | $357.3M |
| Impuestos | $109.7M | -$209.8M | $90.8M | $90.9M | $51.5M | $34.4M | $90.2M | $58.4M | $83.9M | $93.4M |
| Beneficio Neto | $225.7M | $614.3M | $324.9M | $313.1M | $197.9M | $415.0M | $285.0M | $178.7M | $232.5M | $268.4M |
| BPA | $2.11 | $5.60 | $3.01 | $3.14 | $2.06 | $4.52 | $3.55 | $2.39 | $3.10 | $3.56 |
| BPA Diluido | $2.09 | $5.58 | $2.99 | $3.13 | $2.06 | $4.52 | $3.54 | $2.38 | $3.08 | $3.54 |
| Acciones en Circulación (Diluidas) | $103.7M | $105.9M | $104.1M | $95.7M | $91.7M | $90.4M | $78.8M | $73.5M | $74.0M | $77.0M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $722.5M | $472.4M | $446.9M | $223.7M |
| Beneficio Bruto | $273.5M | $288.2M | $249.1M | $26.0M |
| Beneficio Operativo | $93.5M | $89.8M | $81.7M | -$81.7M |
| EBITDA | $97.9M | $93.9M | $90.5M | -$90.5M |
| Beneficio Neto | $71.9M | $69.3M | $61.9M | $70.7M |
| BPA | $0.96 | $0.91 | $0.81 | $0.93 |
| BPA Diluido | $0.95 | $0.90 | $0.80 | $0.92 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $448.3M | $194.6M | $382.1M | $214.7M | $397.7M | $314.9M | $572.6M | $588.3M | $491.1M | $217.8M |
| Inversiones a Corto | $6.07B | $6.68B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cuentas por Cobrar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $24.05B |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $6.52B | $6.88B | $382.1M | $214.7M | $397.7M | $314.9M | $572.6M | $588.3M | $491.1M | $24.27B |
| Inmovilizado Material | $539.9M | $599.5M | $702.4M | $698.2M | $663.5M | $640.7M | $539.8M | $371.9M | $223.8M | $171.4M |
| Fondo de Comercio | $78.0M | $77.8M | $77.7M | 0 | $77.6M | $77.6M | $77.6M | $77.6M | $77.6M | $77.6M |
| Activos Intangibles | $47000 | 0 | 0 | $77.7M | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $27.88B | $30.35B | $32.16B | $32.87B | $35.01B | $35.82B | $37.03B | $35.76B | $35.24B | $35.04B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $29.35B |
| Deuda a Corto | 0 | 0 | $175.0M | $100.0M | $180.0M | $199.0M | $190.0M | 0 | 0 | $1.58B |
| Pasivos Corrientes | $19.49B | $21.88B | $23.65B | $24.49B | $27.68B | $29.64B | $27.70B | $26.54B | $27.87B | $1.58B |
| Deuda a Largo | $5.63B | $5.16B | $5.19B | $4.88B | $3.81B | $2.60B | $6.11B | $5.80B | $3.61B | $319.7M |
| Pasivos Totales | $25.46B | $27.32B | $29.24B | $29.89B | $32.03B | $32.78B | $34.59B | $33.18B | $32.43B | $31.99B |
| Reservas | $949.7M | $1.47B | $1.70B | $1.93B | $2.01B | $2.35B | $2.55B | $2.65B | $2.80B | $2.97B |
| Patrimonio Neto | $2.42B | $3.03B | $2.92B | $2.98B | $2.98B | $3.04B | $2.44B | $2.58B | $2.81B | $3.05B |
| Deuda Total | $5.64B | $5.17B | $5.37B | $5.01B | $4.03B | $2.83B | $6.33B | $5.82B | $3.64B | $1.97B |
| Deuda Neta | -$879.7M | -$1.70B | $4.99B | $4.80B | $3.63B | $2.51B | $5.76B | $5.24B | $3.15B | $1.76B |
| Capital Circulante | -$12.97B | -$15.00B | -$23.27B | -$24.28B | -$27.28B | -$29.32B | -$27.13B | -$25.95B | -$27.37B | $22.70B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $559.5M | $217.8M | $13.3M | $367.9M |
| Activos Totales | $35.08B | $35.04B | $35.36B | $34.88B |
| Pasivos Totales | $32.04B | $31.99B | $32.34B | $31.88B |
| Patrimonio Neto | $3.03B | $3.05B | $3.02B | $3.00B |
| Deuda Total | $2.40B | $1.97B | $2.07B | $2.21B |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $225.7M | $614.3M | $324.9M | $313.1M | $197.9M | $415.0M | $285.0M | $178.7M | $232.5M | $268.4M |
| Amortizaciones | $56.4M | $61.6M | $64.3M | $72.4M | $72.5M | $78.5M | $77.6M | $74.1M | $60.1M | $51.0M |
| Compensación en Acciones | $18.0M | $22.7M | $23.1M | $23.4M | $20.4M | $15.9M | $20.9M | $19.6M | $21.6M | $20.5M |
| Cambio en Capital Circulante | $54.7M | -$360.9M | $311.2M | -$61.5M | -$102.6M | $31.9M | $219.8M | $104.4M | $20.6M | -$129.7M |
| Flujo de Caja Operativo | $308.5M | $318.6M | $824.3M | $635.7M | $864.2M | $1.22B | $1.29B | $657.5M | $433.8M | $358.6M |
| Inversiones (CapEx) | -$88.6M | -$99.6M | -$190.5M | -$63.8M | -$19.6M | -$31.4M | 0 | 0 | 0 | 0 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | -$300.0M | -$154.0M | -$101.0M | -$318.5M | -$401.3M | -$55.2M | 0 | -$44.8M |
| Dividendos Pagados | -$89.8M | -$91.6M | -$91.3M | -$84.1M | -$86.5M | -$85.8M | -$79.4M | -$79.1M | -$85.5M | -$91.9M |
| Flujo de Caja Libre | $220.0M | $219.1M | $633.8M | $571.9M | $844.6M | $1.19B | $1.29B | $657.5M | $433.8M | $358.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $99.7M | $124.9M | $18.3M | $128.6M |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $99.7M | $124.9M | $18.3M | $128.6M |
| Dividendos Pagados | -$23.3M | -$23.3M | -$24.1M | -$24.2M |
| Compensación en Acciones | $4.7M | $5.6M | $5.7M | $5.5M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +16.9% | +16.1% | -9.6% | -16.0% | -8.9% | +19.6% | +48.6% | +4.1% | +5.8% |
| Crecimiento Beneficio Neto (anual) | | +172.1% | -47.1% | -3.6% | -36.8% | +109.7% | -31.3% | -37.3% | +30.1% | +15.4% |
| Crecimiento BPA (anual) | | +165.4% | -46.2% | +4.3% | -34.4% | +119.4% | -21.5% | -32.7% | +29.7% | +14.8% |
| Cambio en Acciones (anual) | | +2.1% | -1.7% | -8.1% | -4.1% | -1.5% | -12.8% | -6.7% | +0.6% | +4.0% |
| Crecimiento FCF (anual) | | -0.4% | +189.3% | -9.8% | +47.7% | +40.8% | +8.8% | -49.2% | -34.0% | -17.3% |
| Margen Bruto | 79.4% | 76.3% | 73.1% | 62.4% | 58.8% | 91.2% | 70.0% | 44.9% | 47.3% | 49.5% |
| Margen Operativo | 28.8% | 29.7% | 26.3% | 28.3% | 20.8% | 41.1% | 28.7% | 12.2% | 15.6% | 16.7% |
| Margen EBITDA | 33.6% | 34.2% | 30.4% | 33.3% | 26.8% | 48.3% | 34.6% | 16.0% | 18.6% | 18.3% |
| Margen Neto | 19.4% | 45.1% | 20.5% | 21.9% | 16.5% | 37.9% | 21.8% | 9.2% | 11.5% | 12.5% |
| Margen FCF | 18.9% | 16.1% | 40.1% | 40.0% | 70.3% | 108.7% | 98.9% | 33.8% | 21.4% | 16.7% |
| Tasa Impositiva Efectiva | 32.7% | -51.9% | 21.8% | 22.5% | 20.7% | 7.7% | 24.0% | 24.6% | 26.5% | 26.1% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $2.12 | $2.07 | $6.09 | $5.98 | $9.21 | $13.15 | $16.42 | $8.94 | $5.86 | $4.66 |
| Dividendo por Acción | $0.87 | $0.87 | $0.88 | $0.88 | $0.94 | $0.95 | $1.01 | $1.08 | $1.16 | $1.19 |
| Acciones en Circulación (Básicas) | $102.9M | $105.5M | $103.7M | $95.5M | $91.7M | $90.4M | $78.8M | $73.3M | $73.6M | $76.1M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 9.04% |
| Rentabilidad sobre capital invertido | 2.35% |
| Rentabilidad sobre activos | 0.78% |
| Margen bruto | 44.85% |
| Margen operativo | 9.83% |
| Margen neto | 14.67% |
Salud financiera
| Deuda / Patrimonio | 0.74 |
| Ratio corriente | 0.33 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 17.86 | 7.27 | 9.95 | 11.64 | 16.88 | 9.36 | 9.57 | 13.57 | 12.31 | 12.52 |
| P/VC | 1.60 | 1.42 | 1.06 | 1.17 | 1.07 | 1.26 | 1.10 | 0.92 | 1.00 | 1.11 |
| P/V | 3.33 | 3.15 | 1.96 | 2.44 | 2.66 | 3.50 | 2.05 | 1.22 | 1.39 | 1.58 |
| Margen Bruto | 79.4% | 76.3% | 73.1% | 62.4% | 58.8% | 91.2% | 70.0% | 44.9% | 47.3% | 49.5% |
| Margen Operativo | 28.8% | 29.7% | 26.3% | 28.3% | 20.8% | 41.1% | 28.7% | 12.2% | 15.6% | 16.7% |
| Margen Neto | 19.4% | 45.1% | 20.5% | 21.9% | 16.5% | 37.9% | 21.8% | 9.2% | 11.5% | 12.5% |