Item 2.02 Results of Operations and Financial Condition.
On January 21, 2021, BankUnited, Inc. (the "Company") reported its results for
the quarter ended December 31, 2020. A copy of the Company's press release
containing this information and slides containing supplemental information
related to this release are being furnished as Exhibit 99.1 and Exhibit 99.2,
respectively, to this Current Report on Form 8-K and are incorporated herein by
reference.
Item 8.01 Other Events
On January 20, 2021, the Company's Board of Directors reinstated the share
repurchase program that the Company suspended on March 16, 2020. Authorization
to repurchase up to approximately $44.9 million in shares of its outstanding
common stock remains under the share repurchase program. Any repurchases under
the program will be made in accordance with applicable securities laws from time
to time in open market or private transactions. The extent to which the Company
repurchases shares, and the timing of such repurchases, will depend upon a
variety of factors, including market conditions, the Company's capital position
and amount of retained earnings, regulatory requirements and other
considerations. No time limit was set for the completion of the share repurchase
program, and the program may be suspended or discontinued at any time.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
99.1 Press release dated January 21, 2021
99.2 Supplemental information relating to the press January 21, 2021
release dated
2
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