BankUnited appoints Michael Mitchell as EVP of branch banking

MIAMI LAKES - BankUnited Inc. (NYSE:BKU) announced Monday the appointment of Michael Mitchell as executive vice president and director of branch banking. In this role, Mitchell will lead the bank’s retail executives and market leaders across Florida and Texas, managing the branch network and overseeing activities related to deposit and loan growth. The appointment comes as BankUnited shows strong financial performance, with revenue growing 13.4% in the last twelve months and maintaining a healthy P/E ratio of 11.1. According to InvestingPro data, five analysts have recently revised their earnings expectations upward for the upcoming period.

Mitchell joins BankUnited from PNC Bank, where he most recently served as senior vice president, sales and client experience manager for Southeast Florida. He brings over 20 years of experience in overseeing multi-region networks and driving deposit and revenue growth.

"BankUnited is pleased to welcome Mike to our retail banking team as we continue to grow and evolve to meet the needs of our clients," said Ernie Diaz, BankUnited senior executive vice president, head of consumer, small business and commercial banking, in a press release statement.

Based in Fort Lauderdale, Mitchell is described as an expert in market expansion, business banking integration, compliance leadership and performance transformation. He holds a bachelor’s degree from the University of Central Florida and is a Boca Raton resident.

Mitchell has previously served as a board member of Deliver the Dream, a Fort Lauderdale-based nonprofit serving families facing serious illness, crisis or disability, and remains an active member of the Fort Lauderdale Chamber of Commerce.

BankUnited, with total assets of $35.5 billion as of June 30, 2025, operates in Florida, New York, Dallas, Atlanta, Morristown, New Jersey, and Charlotte, North Carolina, providing consumer and commercial banking products and services. The bank has maintained dividend payments for 15 consecutive years, currently offering a 3.2% yield, and has raised its dividend for five consecutive years. InvestingPro analysis shows the company is currently trading near its Fair Value, with comprehensive financial health metrics and additional insights available in the Pro Research Report, which provides deep-dive analysis of BKU among 1,400+ US equities.

In other recent news, BankUnited reported impressive second-quarter 2025 financial results, with earnings per share reaching $0.91, surpassing the forecasted $0.79. The company’s revenue also exceeded expectations, coming in at $273.93 million compared to the anticipated $267.05 million. Citi responded to these results by raising its price target for BankUnited to $42.00, citing solid net interest margin expansion and improved fee income. Meanwhile, Piper Sandler downgraded BankUnited’s stock from Overweight to Neutral, despite raising its price target to $43.00. This downgrade followed BankUnited’s notable outperformance since the early March pullback in bank stocks. The bank also announced a share repurchase plan, contributing to a positive outlook. These developments reflect a mixture of optimism and caution among analysts regarding BankUnited’s recent performance.

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