BankUnited, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total interest income of $202,346,000 against $174,639,000 a year ago. Net interest income before provision for (recovery of) loan losses was $174,564,000 against $140,713,000 a year ago. Net interest income after provision for (recovery of) loan losses was $173,534,000 against $136,701,000 a year ago. Income before income taxes was $100,331,000 against $74,218,000 a year ago. Net income available to common stockholders was $61,365,000 or $0.61 per basic and diluted share against $41,280,000 or $0.41 per basic and diluted share a year ago. Return on average assets was 1.95% against 1.45% a year ago. Return on average stockholders equity was 13.80% against 10.80% a year ago.

For the full year, the company reported total interest income of $720,856,000 against $638,097,000 a year ago. Net interest income before provision for (recovery of) loan losses was $597,587,000 against $499,160,000 a year ago. Net interest income after provision for (recovery of) loan losses was $578,691,000 against $485,332,000 a year ago. Income before income taxes was $344,865,000 against $192,744,000 a year ago. Net income available to common stockholders was $207,361,000 or $2.05 per basic and diluted share against $63,168,000 or $0.62 per diluted share a year ago. Return on average assets was 1.71% against 0.58% a year ago. Return on average stockholders equity was 12.45% against 4.34% a year ago. Book value and tangible book value per common share grew to $18.45 and $17.71 at December 31, 2012.

For the fourth quarter ended December 31, 2012, the company reported impairment of other real estate owned was $4.7 million against $7.5 million a year ago.