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BankUnited estimates $224M addition to tangible book value

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BankUnited estimates $224M addition to tangible book value

BankUnited Inc. estimated the posttax addition to tangible book value of $224 million from loss share earnings through May 21, 2019, when its shared-loss agreement with the Federal Deposit Insurance Corp. ends.

The Miami Lakes, Fla.-based company expects the amount of loss share earnings to be higher quarterly as the agreement nears completion, according to an investor presentation recently obtained by S&P Global Market Intelligence.