Revenue during the quarter grew 11.70 percent to $248.32 million from $222.32 million in the previous year period. Net interest income for the quarter rose 12.07 percent over the prior year period to $227.50 million. Non-interest income for the quarter rose 0.12 percent over the last year period to $29.29 million.

BankUnited Inc. has made provision of $8.46 million for loan losses during the quarter, down 14.73 percent from $9.92 million in the same period last year.

Net interest margin contracted 27 basis points to 3.67 percent in the quarter from 3.94 percent in the last year period.

Rajinder Singh, President and Chief Executive Officer, said, "We closed out 2016 with one of the strongest earnings quarters in the Company’s history. As I step into my new role, I am proud of what we have built so far and am very optimistic about the future."

Deposits stood at $19,490.89 million as on Dec. 31, 2016, up 15.07 percent compared with $16,938.50 million on Dec. 31, 2015.

Noninterest-bearing deposit liabilities were $2,960.59 million or 15.19 percent of total deposits on Dec. 31, 2016, compared with $2,874.53 million or 16.97 percent of total deposits on Dec. 31, 2015.

Investments stood at $6,083.58 million as on Dec. 31, 2016, up 24.93 percent or $1,214.04 million from year-ago. Shareholders equity was at $2,418.43 million as on Dec. 31, 2016.

Return on average assets moved down 5 basis points to 0.92 percent in the quarter from 0.97 percent in the last year period. At the same time, return on average equity increased 51 basis points to 10.45 percent in the quarter from 9.94 percent in the last year period.

Meanwhile, nonperforming assets to total assets was 0.53 percent in the quarter, up from 0.35 percent in the last year period.

Tier-1 leverage ratio stood at 8.40 percent for the quarter. Book value per share was $23.22 for the quarter.