BankUnited Q1 revenue misses estimates, UMB Financial leads regional banks

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2▲1 ▼3Impact / 5
Summary · why it matters

BankUnited reported first-quarter revenues of $273.8 million, up 6.1% year on year but falling 5.1% short of analyst expectations, making it the weakest performer among the 91 regional banks tracked. The company also missed net interest income and EPS estimates. In contrast, UMB Financial posted revenues of $744.8 million, a 29.3% increase that beat estimates by 5.4%, the largest beat in the group, alongside EPS and net interest income beats. Eastern Bank, Hope Bancorp, and Fulton Financial also reported results, with Eastern Bank and Hope Bancorp missing revenue and net interest income estimates, while Fulton Financial's revenue was in line with expectations. Despite the mixed results, regional bank stocks have risen 7.8% on average since their earnings reports.

Impact on assets 5

Financials± Mixed
BankUnited Inc
BKU
▼ NegativeCapitalrelevance

Revenue missed estimates by 5.1%, and net interest income and EPS also missed.

Hope Bancorp Inc
HOPE
▼ NegativeCapitalrelevance

Hope Bancorp missed revenue and net interest income estimates.

UMB Financial Corporation
UMBF
▲ PositiveCapitalrelevance

Revenue beat estimates by 5.4%, the largest beat in the group, with EPS and net interest income also beating.