In the Q1, Bankunited Inc 's corporate clients experienced a reduction by -5.68 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -11.18 %. During the corresponding time, Bankunited Inc recorded a revenue increase by 3.66 % year on year, sequentially revenue fell by -5.16 %. While revenue at the Bankunited Inc 's corporate clients fell by -7.24 % year on year, sequentially revenue fell by -11.67 %.
Customers of Bankunited Inc saw their costs of revenue decrease by -5.68 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -11.18 %, for the same period Bankunited Inc recorded revenue increase by 3.66 % year on year, sequentially revenue fell by -5.16 %.
Bankunited Inc's Comment on Sales, Marketing and Customers
The company provides financial products and services to small, middle-market, and larger corporate businesses, as well as non-profit organizations. Its commercial loan offerings include secured and unsecured lines of credit, equipment loans, commercial real estate loans, SBA and USDA products, Export-Import Bank financing, trade finance, and business acquisition finance. The company operates two commercial lending subsidiaries: Pinnacle, which finances state and local governmental entities and offers equipment lease purchases, loan agreements, and bond refundings; and Bridge, which provides business equipment loans and leases, franchise equipment financing, and acquisition and expansion financing, although Bridge's lines of business are being de-emphasized. Commercial real estate loans are concentrated on rental apartments, mixed-use commercial properties, industrial properties, warehouses, retail shopping centers, single-tenant buildings, office buildings, and hotels, with current emphasis on warehouse/industrial, multi-family, and retail sectors. The company does not originate residential mortgages but invests in residential loans purchased nationally through correspondent channels and community partners to diversify its portfolio.
Bankunited Inc’s Comment on Sales, Marketing and Customers
The company provides financial products and services to small, middle-market, and larger corporate businesses, as well as non-profit organizations. Its commercial loan offerings include secured and unsecured lines of credit, equipment loans, commercial real estate loans, SBA and USDA products, Export-Import Bank financing, trade finance, and business acquisition finance. The company operates two commercial lending subsidiaries: Pinnacle, which finances state and local governmental entities and offers equipment lease purchases, loan agreements, and bond refundings; and Bridge, which provides business equipment loans and leases, franchise equipment financing, and acquisition and expansion financing, although Bridge's lines of business are being de-emphasized. Commercial real estate loans are concentrated on rental apartments, mixed-use commercial properties, industrial properties, warehouses, retail shopping centers, single-tenant buildings, office buildings, and hotels, with current emphasis on warehouse/industrial, multi-family, and retail sectors. The company does not originate residential mortgages but invests in residential loans purchased nationally through correspondent channels and community partners to diversify its portfolio.
Sources:
Bankunited inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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