BankUnited, Inc. (NYSE:BKU) Q1 2023 Earnings Call Transcript

Rajinder P. Singh: On the NIM guidance. The pipeline is about $1.5 billion to $2 billion in size. It’s not going to happen all in one quarter. It will happen over the course of next two or three quarters. And like I said, it’s all operating money. It’s not any of the $1.8 billion that left. But it’s not all DDA. It is operating money, but it’s a mix of DDA and money market.

Leslie Lunak: Maybe about 20% DDA here. And I would also say that $1.5 billion to $2 billion is pipeline that we have a really good line of sight into. There are more opportunities than that, but this is stuff that is really in the process of really in our sight line very specifically and granularly.

David Rochester: Yes. Alright, that’s good to hear. And just to wrap up, Raj, your anecdote on the 800 number. We’ve heard a number of stories just like that post the crisis. So not to take any shots that other banks represented on the call today, but there are a lot of stories like that out there. So feel good about it.

David Rochester: Thank you.

Operator: Thank you. And speakers, I’m showing no further questions in the queue at this time. I would now like to turn the call back over to Mr. Raj Singh for any closing remarks.

Rajinder P. Singh: I think we’ve taken enough of your time. We’ve had a rather long call, but thank you very much for joining us, and we’ll talk to you again in 90 days. Bye.

Operator: Thank you for participating. This concludes today’s program. You may now disconnect.