BankUnited completes redemption of $400 million senior notes due 2025

BankUnited, Inc. (NYSE:BKU) announced Friday that it has completed the redemption of all $400 million aggregate principal amount of its outstanding 4.875% Senior Notes due 2025. The company redeemed the notes at a price equal to 100% of the aggregate principal amount, plus accrued and unpaid interest up to but excluding the redemption date. The bank, currently trading at $38.80 per share with a market capitalization of $2.9 billion, maintains a "Fair" financial health score according to InvestingPro analysis.

According to a statement based on a press release and filed with the U.S. Securities and Exchange Commission, the redemption was carried out in accordance with the terms of the indenture dated November 17, 2015, between BankUnited and U.S. Bank Trust Company, National Association, as trustee.

BankUnited had previously disclosed its intention to redeem the notes in a Form 8-K filed on July 23, 2025. The redemption took place on Friday, as planned.

The company is incorporated in Delaware and is headquartered in Miami Lakes, Florida. Its common stock is listed on the New York Stock Exchange under the symbol BKU.

All information is based on a press release statement and the related SEC filing.

In other recent news, BankUnited reported strong financial results for the second quarter of 2025. The bank exceeded earnings expectations with an earnings per share of $0.91, surpassing the projected $0.79, and reported revenue of $273.93 million, above the anticipated $267.05 million. Citi responded to these results by raising its price target for BankUnited stock to $42.00, citing solid net interest margin expansion and a positive outlook. Meanwhile, Piper Sandler downgraded BankUnited from Overweight to Neutral, despite raising its price target to $43.00. In leadership changes, BankUnited appointed Michael Mitchell as executive vice president and director of branch banking. Mitchell, who joins from PNC Bank, will manage the branch network and oversee deposit and loan growth activities. These developments reflect a mix of financial performance and strategic leadership changes at BankUnited.

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