BUZZ-BankUnited rises after Q1 profit beats estimates

Reuters04-17

** Shares of regional lender BankUnited rise ~1.1% to $24.75 in morning trading

** Co posts Q1 EPS of 64 cents vs estimates of 60 cents, according to LSEG data

** "Quarter was a good start to 2024, with continued improvement in the funding mix, a stable margin and strong credit performance" - CEO Rajinder Singh

** BKU says the cost of deposits is beginning to stabilize and that it has "ample" liquidity, with 65% of its deposits insured or collateralized at quarter-end

** Including session moves, stock down ~24% YTD

(Reporting by Manya Saini in Bengaluru)

((Manya.Saini@thomsonreuters.com))

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