# EDGAR Filing Document

**Accession Number:** 0001504008
**File Stem:** 0001504008-26-000040
**Filing Date:** 2026-4
**Character Count:** 59966
**Document Hash:** 2114c081537a1a1489567bb7cac87799
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001504008-26-000040.hdr.sgml**: 20260422

**ACCESSION NUMBER**: 0001504008-26-000040

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 35

**CONFORMED PERIOD OF REPORT**: 20260422

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260422

**DATE AS OF CHANGE**: 20260422

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BankUnited, Inc.
- **CENTRAL INDEX KEY:** 0001504008
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 270162450
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35039
- **FILM NUMBER:** 26881258

**BUSINESS ADDRESS:**
- **STREET 1:** 14817 OAK LANE
- **CITY:** MIAMI LAKES
- **STATE:** FL
- **ZIP:** 33016
- **BUSINESS PHONE:** (305) 569-2000

**MAIL ADDRESS:**
- **STREET 1:** 14817 OAK LANE
- **CITY:** MIAMI LAKES
- **STATE:** FL
- **ZIP:** 33016

?xml version='1.0' encoding='ASCII'? bku-20260422

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): April 22, 2026

**BankUnited, Inc.** 

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-35039** | **27-0162450** |
| (State of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |

---

---

| | | | |
|:---|:---|:---|:---|
| **14817 Oak Lane,** | **Miami Lakes,** | **FL** | **&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33016** |
| (Address of principal executive offices) | (Address of principal executive offices) | (Address of principal executive offices) | (Zip Code) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant's telephone number, including area code): **(305) 569-2000** 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Class** | **Trading Symbol** | **Name of Exchange on Which Registered** |
| Common Stock, $0.01 Par Value | BKU | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

------

**Item 2.02&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition.**

On April 22, 2026, BankUnited, Inc. (the "Company") reported its results for the quarter ended March 31, 2026. A copy of the Company's press release containing this information and slides containing supplemental information related to this release are being furnished as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

(d) Exhibits.

---

| | | |
|:---|:---|:---|
| **Exhibit<br>Number** | **Description** | **Description** |
| <u>[99.1](earningsdocex99120260331.htm)</u> | <u>[Press release dated](earningsdocex99120260331.htm)</u> | April 22, 2026 |
| <u>[99.2](exhibit99203312026.htm)</u> | <u>[Supplemental information relating to the press release dated](exhibit99203312026.htm)</u> | April 22, 2026 |

---

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| Dated: | April 22, 2026 | BANKUNITED, INC. | BANKUNITED, INC. |
| | | /s/ James G. Mackey | /s/ James G. Mackey |
| | | Name: | James G. Mackey |
| | | Title: | Chief Financial Officer |

---

------

**EXHIBIT INDEX**

---

| | | |
|:---|:---|:---|
| **Exhibit<br>Number** | **Description** | **Description** |
| <u>[99.1](earningsdocex99120260331.htm)</u> | <u>[Press release dated](earningsdocex99120260331.htm)</u> | April 22, 2026 |
| <u>[99.2](exhibit99203312026.htm)</u> | <u>[Supplemental information relating to the press release dated](exhibit99203312026.htm)</u> | April 22, 2026 |

---

## Exhibit 99.1

**Exhibit 99.1**

![asu201815cloudcomputi_imag.jpg](asu201815cloudcomputi_imag.jpg)

**BankUnited, Inc. Reports 1Q 2026 Net Income of $62 million, $0.83 Diluted EPS**

Chairman, President and Chief Executive Officer Rajinder Singh commented, "Despite a seasonally slow quarter, we continue to gather market share and position the Company for improved profitability and growth."

    

**First Quarter Financial Highlights**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Change From** | **Change From** |
| ($ in millions except per share data) | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** | **December 31, 2025** | **March 31, 2025** |
| Net income | $61.9 | $69.3 | $58.5 | $(7.4) | $3.4 |
| Diluted EPS | $0.83 | $0.90 | $0.78 | $(0.07) | $0.05 |
| PPNR<sup>1</sup> | $106.3 | $115.4 | $95.2 | $(9.1) | $11.1 |
| ROA<sup>2</sup> | 0.72% | 0.78% | 0.68% | (0.06)% | 0.04% |
| ROE<sup>2</sup> | 8.1% | 8.9% | 8.2% | (0.8)% | (0.1)% |
| Net interest margin<sup>2</sup> | 2.99% | 3.06% | 2.81% | (0.07)% | 0.18% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total Deposits excluding brokered: up **$1.4 billion** from a year ago, and up **$277 million** from prior quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• NIDDA:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Up **$875 million**, or **11%**, from a year ago.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Down **$166 million** from prior quarter, primarily due to seasonality.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Represents **30%** of total deposits at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loans:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Core loans: Up **$906 million** from a year ago and **$9 million** from prior quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Total loans up **$145 million** from a year ago.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Total loans down **$139 million** from prior quarter primarily due to seasonally low commercial volume and continued runoff of non-core loans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Criticized and classified loans:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**◦** Down **$333 million**, or **24%**, from a year ago; NPLs up **$15 million**, or **6%**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Down **$146 million,** or **12%**, from the prior quarter; NPLs down **$98 million**, or **26%**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**◦** ACL to NPLs coverage ratio increased t**o 75.90%** in Q1 from **58.99%** in the prior quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Share repurchases: Approximately **1.3 million** shares repurchased in Q1 for **$60.0 million**.

    

**<u>Notable items that impacted results:</u>**

The following table presents notable items, on a pre-tax basis, that impacted results for the periods presented (in thousands):

---

| | | |
|:---|:---|:---|
| | **Quarter Ended** | **Quarter Ended** |
| | **March 31, 2026** | **December 31, 2025** |
| Compensation-related items | $(5358) | $— |
| Release of FDIC Special Assessment accrual | 6669 |  |
| Write-off of previously capitalized software |  | (3770) |
|  | $1311 | $(3770) |

---

    

<sup>(1)</sup> Represents a non-GAAP measure. See "Non-GAAP Financial Measures" section for a reconciliation of non-GAAP financial measures to GAAP financial measures.

<sup>(2)</sup> Annualized for the three months ended.

------

**<u>Net Interest Income & Margin</u>**

---

| | | | |
|:---|:---|:---|:---|
| **NIM** | **NIM** | **Net Interest Income** | **Net Interest Income** |
| ▼ **7 bps from prior quarter** | ▲ **18 bps from 1Q 2025** | ▼ **$9.2 million from prior quarter** | ▲ **$15.8 million or 7% from 1Q 2025** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• NIM and net interest income are typically seasonally lower in the first quarter of the year; however NIM was up **18 bps** and net interest income was up **$16 million** compared to Q1 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• NIM and net interest income were down compared to prior quarter primarily due to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Variable rate assets repriced faster than continued improvement in funding cost and funding mix dynamics — Asset yields were further impacted by lower SOFR/Fed funds basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Seasonal decline in NIDDA throughout the quarter increased reliance on higher-cost wholesale funding, including brokered deposits.

    

**<u>Non-Interest Income and Non-Interest Expense</u>**

The following table summarizes non-interest income and non-interest expense for the periods presented (in millions):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** | **Change From** | **Change From** |
| | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** | **December 31, 2025** | **March 31, 2025** |
| Non-interest income | $24.7 | $30.0 | $22.3 | $(5.3) | $2.4 |
| Non-interest expense | $167.4 | $172.8 | $160.2 | $(5.4) | $7.2 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-interest income declined from prior quarter, primarily reflecting lower capital markets revenue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-interest income increased compared to Q1 2025, primarily as a result of a $3.3 million gain on sale of investment securities in Q1 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-interest expense was largely flat quarter over quarter when adjusted for the notable items summarized on Page 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-interest expense increased compared to Q1 2025, primarily due to higher employee compensation and benefits.

    

**Balance Sheet Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**•** Total Assets were **$35.4 billion** at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The balance sheet reflected an improved funding mix and ample liquidity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Non-brokered deposits increased** from both prior quarter and a year ago, supporting reduction in higher-cost wholesale funding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Wholesale funding declined** from both prior quarter and a year ago, reflecting continued balance-sheet repositioning.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• NIDDA represented **30%** of total deposits at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loan balances remained stable overall, with growth in selected commercial portfolios offset by continued reductions in residential balances.

------

**<u>Loans</u>**

Loan portfolio composition at the dates indicated follows (dollars in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| Core loan segments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-owner occupied commercial real estate | $6146307 | 25.5% | $6105207 | 25.2% |
| &nbsp;&nbsp;&nbsp;Construction and land | 740104 | 3.1% | 705664 | 2.9% |
| &nbsp;&nbsp;&nbsp;Owner occupied commercial real estate | 2023527 | 8.4% | 2020572 | 8.3% |
| &nbsp;&nbsp;&nbsp;Commercial and industrial | 6862405 | 28.3% | 7008903 | 28.8% |
| &nbsp;&nbsp;&nbsp;Mortgage warehouse lending ("MWL") | 805037 | 3.3% | 728241 | 3.0% |
|  | 16577380 | 68.6% | 16568587 | 68.2% |
| Franchise and equipment finance | 84709 | 0.4% | 102746 | 0.4% |
| Pinnacle - municipal finance | 616486 | 2.6% | 619374 | 2.6% |
| Residential | 6856354 | 28.4% | 6983000 | 28.8% |
|  | $24134929 | 100.0% | $24273707 | 100.0% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loan balances during the quarter reflected modest commercial activity, consistent with typical first-quarter seasonality.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• CRE and MWL increased by **$76 million** and **$77 million**, respectively, during the quarter, reflecting activity across selected lending segments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• C&I declined by **$144 million** reflecting seasonal patterns, as commercial production is typically lower in the first quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Residential loan balances continued to decline, consistent with balance-sheet strategy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Compared to a year ago, the loan portfolio continued to reflect a shift toward commercial lending, driven by a **$906 million** increase in core commercial loan balances and lower residential balances.

**<u>Deposits & Borrowings</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company's funding profile continued to improve during the quarter, driven by growth in non-brokered deposits and reduction in wholesale funding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-brokered deposits increased **$277 million** from prior quarter and **$1.4 billion** from a year ago.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Wholesale Funding declined by **$70 million** from prior quarter and **$749 million** from a year ago.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• NIDDA Represents **30%** of total deposits at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• NIDDA declined from the prior quarter, however, balances were significantly higher compared to a year ago, supporting continued improvement in the Company's funding profile.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposit pricing continued to improve, contributing to lower funding costs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Average Cost of Deposits: Declined **0.06%** to **2.12%**; spot APY fell to **2.09%** from **2.10%** for the prior quarter.

    

    

------

**<u>Credit quality & Allowance for credit losses</u>**

**<u>Credit Quality</u>**

Credit quality metrics improved during Q1, as non-performing loans and criticized and classified loans declined from the prior quarter. Annualized net charge offs were elevated, attributable to two loans in unrelated industries and geographies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Criticized and Classified Loans: Declined **$146 million**, or **12%**, in Q1,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-Performing Loans: Down **$98 million**, or **26%**, from prior quarter,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• NPA Ratio: **0.79%**, including **0.10%** related to guaranteed portion of SBA loans, down from **1.08%**, including **0.11%** related to SBA, in prior quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net Charge-offs for the trailing twelve months: **0.37%** for Q1, from **0.30%** from the prior quarter.

The following table provides a breakdown of criticized and classified loans for the periods indicated (in thousands):

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** |
| | **CRE** | **Total Commercial** | **CRE** | **Total Commercial** |
| Special mention | $67396 | $177859 | $82147 | $175009 |
| Substandard - accruing | 418033 | 622436 | 474592 | 674368 |
| Substandard - non-accruing | 74584 | 211293 | 108959 | 300903 |
| Doubtful | 903 | 40758 |  | 48247 |
| &nbsp;&nbsp;&nbsp;Total | $560916 | $1052346 | $665698 | $1198527 |

---

**<u>Allowance & Provision</u>**

Allowance levels and coverage remained appropriate during the periods presented, with changes reflecting net charge-offs, higher specific reserves, and improved asset quality. The following tables summarize the ACL, key coverage metrics, and changes across the periods presented (dollars in thousands):

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **ACL** | **ACL to Total Loans** | **Commercial ACL to Commercial Loans**<sup>1</sup> | **ACL to Non-Performing Loans** | **Net Charge-offs to Average Loans**<sup>2</sup> |
| March 31, 2026 | $208790 | 0.87% | 1.25% | 75.90% | 0.61% |
| December 31, 2025 | $219825 | 0.91% | 1.30% | 58.99% | 0.30% |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** |
| Beginning balance | $219825 | $219884 | $223153 |
| &nbsp;&nbsp;&nbsp;Provision | 25103 | 24843 | 15963 |
| &nbsp;&nbsp;&nbsp;Net charge-offs | (36138) | (24902) | (19369) |
| Ending balance | $208790 | $219825 | $219747 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The provision for credit losses totaled $24.6 million for the quarter, compared to $25.6 million for the prior quarter and $15.1 million for Q1 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The most significant factor impacting the provision during the quarter was an increase in specific reserves, primarily related to two C&I loans in unrelated industries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net charge-offs also impacted the allowance, resulting in lower ACL balances compared to the prior quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• While the ACL to total loans ratio declined modestly from the prior quarter, the ACL to non-performing loans coverage ratio increased to 75.90%, reflecting lower non-performing loan balances.

    

<sup>(1)</sup> For purposes of this ratio, commercial loans includes the core C&I and CRE sub-segments as presented in the table above as well as franchise and equipment finance. Due to their unique risk profiles, MWL and municipal finance are excluded from this ratio.

<sup>(2)</sup> Annualized for the three months ended March 31, 2026; ratio for December 31, 2025 represent annual net charge-off rate.

    

------

**<u>Capital, Liquidity & shareholder returns</u>**

Strong capital levels have created an ability to increase capital returns to shareholders

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• CET1: **12.2%**, down **10 bps** from prior quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• AOCI declined by **$13.5 million** from prior quarter primarily due to an increase in unrealized losses on investment securities available for sale.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tangible Common Equity Ratio: **8.3%**, down from Q4 2025, but up from Q1 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tangible Book Value per Share: **$40.05**<sup>1</sup>, representing **7%** year-over-year growth.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Share Repurchases: Approximately **1.3 million** shares repurchased in Q1 for **$60.0 million**, at an average price of **$46.15**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Company's Board of Directors authorized the following capital actions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ An increase of **$0.02** per share in the Company's common stock dividends to **$0.33** per common share, a **6%** increase from the Company's previous level of **$0.31** per share.

**<u>Earnings Conference Call and Presentation</u>**

A conference call to discuss quarterly results will be held at 9:00 a.m. ET on Wednesday, April 22, 2026 with Chairman, President and Chief Executive Officer Rajinder P. Singh, Chief Financial Officer James G. Mackey and Chief Operating Officer Thomas M. Cornish.

The earnings release and slides with supplemental information relating to the release will be available on the Investor Relations page under About Us on <u>www.bankunited.com</u> prior to the call. Due to recent demand for conference call services, participants are encouraged to listen to the call via a live Internet webcast at <u>https://ir.bankunited.com</u>. To participate by telephone, participants will receive dial-in information and a unique PIN number upon completion of registration at <u>https://dpregister.com/sreg/10207389/10388909cc4</u>. For those unable to join the live event, an archived webcast will be available on the Investor Relations page at <u>https://ir.bankunited.com</u> approximately two hours following the live webcast.

**<u>About BankUnited, Inc.</u>**

BankUnited, Inc., with total assets of $35.4 billion at March 31, 2026, is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida, with operations in Florida, New York, Dallas, Atlanta, Morristown, New Jersey, and Charlotte, North Carolina. BankUnited provides a full range of consumer and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions, and offers certain commercial lending and deposit products through national platforms. For additional information, call (877) 779-2265 or visit www.BankUnited.com. BankUnited can be found on Facebook at facebook.com/BankUnited.official, LinkedIn @BankUnited and on X @BankUnited.

<sup>(1)</sup> Represents a non-GAAP measure. See "Non-GAAP Financial Measures" section for a reconciliation of non-GAAP financial measures to GAAP financial measures.

    

------

**<u>Forward-Looking Statements</u>**

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company's current views with respect to, among other things, future events and financial performance, dividend payments and stock repurchases. The Company generally identifies forward-looking statements by terminology such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "could," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," "forecasts" or the negative version of those words or other comparable words. Any forward-looking statements contained in this press release are based on the historical performance of the Company and its subsidiaries or on the Company's current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the Company that the future plans, estimates or expectations contemplated by the Company will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions, including (without limitation) those relating to the Company's operations, financial results, financial condition, business prospects, growth strategy and liquidity, including as impacted by external circumstances outside the Company's direct control, such as but not limited to adverse events or conditions impacting the financial services industry. If one or more of these or other risks or uncertainties materialize, or if the Company's underlying assumptions prove to be incorrect, the Company's actual results may vary materially from those indicated in these statements. These factors should not be construed as exhaustive. The Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements. Information on these factors can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are available at the SEC's website (www.sec.gov).

Contact

BankUnited, Inc.

Investor Relations:

James G. Mackey, 305-231-6793

Source: BankUnited, Inc.

    

------

**BANKUNITED, INC. AND SUBSIDIARIES**

**CONSOLIDATED BALANCE SHEETS - UNAUDITED**

**(In thousands, except share and per share data)** 

---

| | | |
|:---|:---|:---|
| | **March 31,<br>2026** | **December 31,<br>2025** |
| **ASSETS** | | |
| Cash and due from banks: |  |  |
| &nbsp;&nbsp;&nbsp;Non-interest bearing | $13336 | $11511 |
| &nbsp;&nbsp;&nbsp;Interest bearing | 371605 | 206273 |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | 384941 | 217784 |
| Investment securities | 9505168 | 9263651 |
| Non-marketable equity securities | 149590 | 140684 |
| Loans | 24134929 | 24273707 |
| Allowance for credit losses | (208790) | (219825) |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, net | 23926139 | 24053882 |
| Bank owned life insurance | 314165 | 305313 |
| Operating lease equipment, net | 150214 | 171371 |
| Goodwill | 77637 | 77637 |
| Other assets | 850759 | 809129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $35358613 | $35039451 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| **Liabilities:** |  |  |
| &nbsp;&nbsp;&nbsp;Demand deposits: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-interest bearing | $8943844 | $9109984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest bearing | 6449405 | 6189534 |
| &nbsp;&nbsp;&nbsp;Savings and money market | 9939985 | 10164703 |
| &nbsp;&nbsp;&nbsp;Time | 4026866 | 3888684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 29360100 | 29352905 |
| &nbsp;&nbsp;&nbsp;FHLB advances | 1755000 | 1555000 |
| &nbsp;&nbsp;&nbsp;Notes and other borrowings | 319340 | 319740 |
| &nbsp;&nbsp;&nbsp;Other liabilities | 908636 | 757977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 32343076 | 31985622 |
| **Commitments and contingencies** |  |  |
| **Stockholders' equity:** |  |  |
| &nbsp;&nbsp;Common stock, par value $0.01 per share, 400,000,000 shares authorized; 73,354,206 and 74,138,066 shares issued and outstanding | 734 | 741 |
| &nbsp;&nbsp;&nbsp;Paid-in capital | 209270 | 271695 |
| &nbsp;&nbsp;&nbsp;Retained earnings | 3008613 | 2970988 |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | (203080) | (189595) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 3015537 | 3053829 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $35358613 | $35039451 |

---

    

------

**BANKUNITED, INC. AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED**

**(In thousands, except per share data)**

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** |
| **Interest income:** | | | |
| &nbsp;&nbsp;&nbsp;Loans | $310162 | $317539 | $321384 |
| &nbsp;&nbsp;&nbsp;Investment securities | 106230 | 117878 | 113869 |
| &nbsp;&nbsp;&nbsp;Other | 5794 | 6986 | 8436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 422186 | 442403 | 443689 |
| **Interest expense:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 148694 | 155875 | 174210 |
| &nbsp;&nbsp;&nbsp;Borrowings | 24505 | 28318 | 36340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 173199 | 184193 | 210550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income before provision for credit losses | 248987 | 258210 | 233139 |
| &nbsp;&nbsp;&nbsp;Provision for credit losses | 24586 | 25554 | 15111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provision for credit losses | 224401 | 232656 | 218028 |
| **Non-interest income:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposit service charges and fees | 6219 | 5787 | 5235 |
| &nbsp;&nbsp;&nbsp;Gain on investment securities, net | 3290 | 1058 | 944 |
| &nbsp;&nbsp;&nbsp;Lease financing | 3347 | 4662 | 4313 |
| &nbsp;&nbsp;Capital markets income | 3684 | 9512 | 4795 |
| &nbsp;&nbsp;&nbsp;Other non-interest income | 8160 | 8974 | 6983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-interest income | 24700 | 29993 | 22270 |
| **Non-interest expense:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Employee compensation and benefits | 96689 | 89952 | 82746 |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment | 11002 | 10749 | 11343 |
| &nbsp;&nbsp;&nbsp;Deposit insurance expense | (1026) | 6391 | 7227 |
| &nbsp;&nbsp;&nbsp;Technology | 22415 | 20430 | 22780 |
| &nbsp;&nbsp;&nbsp;Depreciation of operating lease equipment | 3366 | 4068 | 4009 |
| &nbsp;&nbsp;&nbsp;Other non-interest expense | 34917 | 41221 | 32121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-interest expense | 167363 | 172811 | 160226 |
| Income before income taxes | 81738 | 89838 | 80072 |
| Provision for income taxes | 19863 | 20578 | 21596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income | $61875 | $69260 | $58476 |
| Earnings per common share, basic | $0.83 | $0.91 | $0.78 |
| Earnings per common share, diluted | $0.83 | $0.90 | $0.78 |

---

    

------

**BANKUNITED, INC. AND SUBSIDIARIES**

**AVERAGE BALANCES AND YIELDS**

**(Dollars in thousands)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **December 31,** | **Three Months Ended**<br> **December 31,** | **Three Months Ended**<br> **December 31,** | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **March 31,** | **Three Months Ended**<br> **March 31,** |
| | **2026** | **2026** | **2026** | **2025** | **2025** | **2025** | **2025** | **2025** | **2025** |
| | **Average<br>Balance** | **Interest** <sup>1</sup> | **Yield/**<br>**Rate** <sup>1,2</sup> | **Average<br>Balance** | **Interest** <sup>1</sup> | **Yield/**<br>**Rate** <sup>1,2</sup> | **Average<br>Balance** | **Interest** <sup>1</sup> | **Yield/**<br>**Rate** <sup>1,2</sup> |
| **Assets:** |  |  |  |  |  |  |  |  |  |
| **Interest earning assets:** |  |  |  |  |  |  |  |  |  |
| Loans | $23835417 | $312812 | 5.31% | $23697215 | $320252 | 5.37% | $23933938 | $324113 | 5.48% |
| Investment securities<sup>3</sup> | 9471480 | 106953 | 4.55% | 9583958 | 118573 | 4.93% | 9104228 | 114590 | 5.07% |
| Other interest earning assets | 672001 | 5794 | 3.49% | 737306 | 6986 | 3.76% | 788547 | 8436 | 4.33% |
| &nbsp;&nbsp;&nbsp;Total interest earning assets | 33978898 | 425559 | 5.06% | 34018479 | 445811 | 5.21% | 33826713 | 447139 | 5.34% |
| Allowance for credit losses | (218808) |  |  | (222451) |  |  | (228158) |  |  |
| Non-interest earning assets | 1328791 |  |  | 1389731 |  |  | 1376904 |  |  |
| &nbsp;&nbsp;&nbsp;Total assets | $35088881 |  |  | $35185759 |  |  | $34975459 |  |  |
| **Liabilities and Stockholders' Equity:** |  |  |  |  |  |  |  |  |  |
| **Interest bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| Interest bearing demand deposits | $6033099 | $43294 | 2.91% | $6072259 | $48032 | 3.14% | $4811826 | $39893 | 3.36% |
| Savings and money market deposits | 10245692 | 73278 | 2.90% | 10123959 | 77378 | 3.03% | 10833734 | 91779 | 3.44% |
| Time deposits | 3751256 | 32122 | 3.48% | 3449304 | 30465 | 3.50% | 4326750 | 42538 | 3.99% |
| &nbsp;&nbsp;&nbsp;Total interest bearing deposits | 20030047 | 148694 | 3.01% | 19645522 | 155875 | 3.15% | 19972310 | 174210 | 3.54% |
| FHLB advances | 2193944 | 19897 | 3.68% | 2486250 | 24065 | 3.84% | 2991389 | 27206 | 3.69% |
| Notes and other borrowings | 366487 | 4608 | 5.03% | 328322 | 4253 | 5.18% | 709037 | 9134 | 5.15% |
| &nbsp;&nbsp;&nbsp;Total interest bearing liabilities | 22590478 | 173199 | 3.11% | 22460094 | 184193 | 3.26% | 23672736 | 210550 | 3.61% |
| Non-interest bearing demand deposits | 8463491 |  |  | 8708397 |  |  | 7413117 |  |  |
| Other non-interest bearing liabilities | 930784 |  |  | 922581 |  |  | 1004917 |  |  |
| &nbsp;&nbsp;&nbsp;Total liabilities | 31984753 |  |  | 32091072 |  |  | 32090770 |  |  |
| Stockholders' equity | 3104128 |  |  | 3094687 |  |  | 2884689 |  |  |
| &nbsp;&nbsp;&nbsp;Total liabilities and stockholders' equity | $35088881 |  |  | $35185759 |  |  | $34975459 |  |  |
| Net interest income |  | $252360 |  |  | $261618 |  |  | $236589 |  |
| Interest rate spread |  |  | 1.95% |  |  | 1.95% |  |  | 1.73% |
| Net interest margin |  |  | 2.99% |  |  | 3.06% |  |  | 2.81% |

---

<sup>(1)</sup> On a tax-equivalent basis where applicable

<sup>(2)</sup> Annualized

<sup>(3)</sup> At fair value

    

------

**BANKUNITED, INC. AND SUBSIDIARIES**

**EARNINGS PER COMMON SHARE**

**(In thousands except share and per share amounts)**

---

| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| **c** | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** |
| **Basic earnings per common share:** | | | |
| **Numerator:** | | | |
| Net income | $61875 | $69260 | $58476 |
| Distributed and undistributed earnings allocated to participating securities | (911) | (2311) | (821) |
| &nbsp;&nbsp;&nbsp;Income allocated to common stockholders for basic earnings per common share | $60964 | $66949 | $57655 |
| **Denominator:** |  |  |  |
| Weighted average common shares outstanding | 74518354 | 74789191 | 74918750 |
| Less average unvested stock awards | (1138483) | (1119854) | (1101408) |
| &nbsp;&nbsp;&nbsp;Weighted average shares for basic earnings per common share | 73379871 | 73669337 | 73817342 |
| **Basic earnings per common share** | $0.83 | $0.91 | $0.78 |
| **Diluted earnings per common share:** |  |  |  |
| **Numerator:** |  |  |  |
| Income allocated to common stockholders for basic earnings per common share | $60964 | $66949 | $57655 |
| Adjustment for earnings reallocated from participating securities | 4 | (229) | 4 |
| &nbsp;&nbsp;&nbsp;Income used in calculating diluted earnings per common share | $60968 | $66720 | $57659 |
| **Denominator:** |  |  |  |
| Weighted average shares for basic earnings per common share | 73379871 | 73669337 | 73817342 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dilutive effect of certain share-based awards | 511677 | 436863 | 562488 |
| &nbsp;&nbsp;Weighted average shares for diluted earnings per common share | 73891548 | 74106200 | 74379830 |
| **Diluted earnings per common share** | $0.83 | $0.90 | $0.78 |

---

    

------

**BANKUNITED, INC. AND SUBSIDIARIES**

**SELECTED RATIOS**

---

| | | | |
|:---|:---|:---|:---|
| | **At or for the Three Months Ended** | **At or for the Three Months Ended** | **At or for the Three Months Ended** |
| | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** |
| **Financial ratios** <sup>1</sup> | | | |
| Return on average assets | 0.72% | 0.78% | 0.68% |
| Return on average stockholders' equity | 8.1% | 8.9% | 8.2% |
| Net interest margin <sup>2</sup> | 2.99% | 3.06% | 2.81% |
| Loans to deposits | 82.3% | 82.7% | 85.5% |
| Tangible book value per common share | $40.05 | $40.14 | $37.48 |

---

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| **Asset quality ratios** | | |
| Non-performing loans to total loans <sup>3,4</sup> | 1.14% | 1.54% |
| Non-performing assets to total assets <sup>4,5</sup> | 0.79% | 1.08% |
| ACL to total loans | 0.87% | 0.91% |
| Commercial ACL to commercial loans <sup>6</sup> | 1.25% | 1.30% |
| ACL to non-performing loans <sup>3,4</sup> | 75.90% | 58.99% |
| Net charge-offs to average loans <sup>7</sup> | 0.61% | 0.30% |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** | **Required to be Considered Well Capitalized** |
| | **BankUnited, Inc.** | **BankUnited, N.A.** | **BankUnited, Inc.** | **BankUnited, N.A.** | **Required to be Considered Well Capitalized** |
| **Capital ratios** | | | | | |
| Tier 1 leverage | 8.9% | 9.4% | 8.9% | 9.3% | 5.0% |
| Common Equity Tier 1 ("CET1") risk-based capital | 12.2% | 12.9% | 12.3% | 12.7% | 6.5% |
| Total risk-based capital | 14.0% | 13.7% | 14.1% | 13.6% | 10.0% |
| Tangible Common Equity/Tangible Assets | 8.3% | N/A | 8.5% | N/A | N/A |

---

<sup>(1)</sup> Annualized for the three month periods as applicable.

<sup>(2)</sup> On a tax-equivalent basis.

<sup>(3)</sup> We define non-performing loans to include non-accrual loans and loans other than purchased credit deteriorated and government insured residential loans that are past due 90 days or more and still accruing. Contractually delinquent purchased credit deteriorated and government insured residential loans on which interest continues to be accrued are excluded from non-performing loans.

<sup>(4)</sup> Non-performing loans and assets include the guaranteed portion of non-accrual SBA loans totaling $33.8 million or 0.14% of total loans and 0.10% of total assets at March 31, 2026 and $37.9 million or 0.16% of total loans and 0.11% of total assets at December 31, 2025.

<sup>(5)</sup> Non-performing assets include non-performing loans, OREO and other repossessed assets.

<sup>(6)</sup> For purposes of this ratio, commercial loans includes the C&I and CRE sub-segments, as well as franchise and equipment finance. Due to their unique risk profiles, MWL and municipal finance are excluded from this ratio.

<sup>(7)</sup> Annualized for the three months ended March 31, 2026; ratio for December 31, 2025 represents annual net charge-off rate.

    

------

**<u>Non-GAAP Financial Measures</u>**

Tangible book value per common share is a non-GAAP financial measure. Management believes this measure is relevant to understanding the capital position and performance of the Company. Disclosure of this non-GAAP financial measure also provides a meaningful basis for comparison to other financial institutions as it is a metric commonly used in the banking industry.

PPNR is a non-GAAP financial measure. Management believes this measure is relevant to understanding the performance of the Company attributable to elements other than the provision for credit losses and the ability of the Company to generate earnings sufficient to cover estimated credit losses. This measure also provides a meaningful basis for comparison to other financial institutions since it is commonly employed and is a measure frequently cited by investors and analysts.

The following tables reconciles these non-GAAP financial measurement to the comparable GAAP financial measurements at the dates and for the periods indicated (in thousands except share and per share data):

---

| | | | |
|:---|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** |
| Total stockholders' equity | $3015537 | $3053829 | $2897582 |
| &nbsp;&nbsp;&nbsp;Less: goodwill and other intangible assets | 77637 | 77637 | 77637 |
| Tangible stockholders' equity | $2937900 | $2976192 | $2819945 |
| Common shares issued and outstanding | 73354206 | 74138066 | 75242048 |
| Book value per common share | $41.11 | $41.19 | $38.51 |
| Tangible book value per common share | $40.05 | $40.14 | $37.48 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Quarter Ended** | **Quarter Ended** | **Quarter Ended** |
| | **March 31, 2026** | **December 31, 2025** | **March 31, 2025** |
| **Pre-Provision Net Revenue ("PPNR")** | | | |
| Income before income taxes | $81738 | $89838 | $80072 |
| Provision for credit losses | 24586 | 25554 | 15111 |
| &nbsp;&nbsp;&nbsp;PPNR | $106324 | $115392 | $95183 |

---

## Exhibit 99.2

![](exhibit99203312026001.jpg)

1Q 2026 - Financial Results April 22, 2026 Exhibit 99.2

------

![](exhibit99203312026002.jpg)

Forward-Looking Statements 2 This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the current views of BankUnited, Inc. ("BankUnited," "BKU" or the "Company") with respect to, among other things, future events and financial performance, dividend payments and stock repurchases. The Company generally identifies forward-looking statements by terminology such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "could," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," "forecasts" or the negative version of those words or other comparable words. Any forward-looking statements contained in this presentation are based on the historical performance of the Company and its subsidiaries or on the Company's current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the Company that the future plans, estimates or expectations contemplated by the Company will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions, including (without limitation) those relating to the Company's operations, financial results, financial condition, business prospects, growth strategy and liquidity, including as impacted by external circumstances outside the Company's direct control, such as but not limited to adverse events or conditions impacting the financial services industry. If one or more of these or other risks or uncertainties materialize, or if the Company's underlying assumptions prove to be incorrect, the Company's actual results may vary materially from those indicated in these statements. These factors should not be construed as exhaustive. The Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements. Information on these factors can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are available at the SEC's website (www.sec.gov).

------

![](exhibit99203312026003.jpg)

Executing On and Delivering Shareholder Value 3 • Total deposits excluding brokered up $1.4 billion vs a year ago, and up $277 million vs prior quarter • NIDDA represented 30% of total deposits; down $166 million vs prior quarter but up $875 million, or 11%, vs a year ago • Core loans(2) up $906 million vs prior year; residential and other down $761 million vs prior year, consistent with balance sheet strategy • Credit improvement: Criticized & classified loans down $146 million, or 12%, vs prior quarter and NPLs down $98 million, or 26%, vs prior quarter; ACL/NPL coverage increased to 75.90%. • Net Income of $61.9 million, or $0.83 diluted EPS, reflecting typical first-quarter seasonality • PPNR(1) of $106.3 million, up $11.1 million vs a year ago • Net interest income of $249.0 million; NIM of 2.99%, up 18 bps vs a year ago • Provision for credit losses of $24.6 million, reflecting increases in specific reserves on two unrelated loans amid improving overall asset quality Financial Performance Funding and Asset Mix (1) Represent a non-GAAP measure. See appendix for a reconciliation of non-GAAP financial measures to GAAP financial measures. (2) Core Loans include CRE, C&I and Mortgage Warehouse Lending. Capital • CET1 ratio of 12.2% • Tangible book value per share of $40.05(1), up 7% vs prior year • Returned $60.0 million to share holders through repurchase of approximately 1.3 million shares • Increased dividends by $0.02, or 6%, to $0.33 per common share from $0.31 per common share.

------

![](exhibit99203312026004.jpg)

Key Profitability Metrics Are Steadily Improving ($ in millions) 4 $58 $69 $72 $72 $62$69 Net Income Adj. Net Income 1Q25 2Q25 3Q25 4Q25 1Q26 8.2% 9.4% 9.5% 9.2% 8.1%8.9% ROE Adj. ROE 1Q25 2Q25 3Q25 4Q25 1Q26 $233 $246 $250 $258 $249 2.81% 2.93% 3.00% 3.06% 2.99%Net Interest Income NIM 1Q25 2Q25 3Q25 4Q25 1Q26 0.68% 0.78% 0.82% 0.81% 0.72%0.78% ROA Adj. ROA 1Q25 2Q25 3Q25 4Q25 1Q26 Net Interest Income & Net Interest Margin Net Income Return on Assets(3) Return on Equity(3) $95 $110 $110 $119 $106$115 PPNR Adj. PPNR 1Q25 2Q25 3Q25 4Q25 1Q26 Pre-Provision Net Revenue(2) $0.78 $0.91 $0.95 $0.94 $0.83$0.90 EPS Adj. EPS 1Q25 2Q25 3Q25 4Q25 1Q26 EPS (1) Adjusted net income, ROA, ROE, and EPS are adjusted for the impact of write downs of previously capitalized software totaling $3.8 million before taxes. (2) Represents a non-GAAP measure. See appendix for a reconciliation of non-GAAP financial measures to GAAP financial measures. (3) Quarterly annualized ratios. (1)(2) (1)(2) (1)(2) (1)(2) (3)

------

![](exhibit99203312026005.jpg)

2.81% 2.60% 2.84% 3.06% 2.62% 2.57% 2.81% 2.99% 4Q25 1Q264Q23 1Q241Q234Q22 NIM and Net Interest Income Seasonality Trends NIM and Net Interest Income are seasonally lower in the first quarter of the year $243.1 $217.2 $239.3 $258.2 $227.9 $214.9 $233.1 $249.0 Net Interest Margin Seasonal Trends Net Interest Income Seasonal Trends 4Q24 1Q25 4Q25 1Q264Q23 1Q241Q234Q22 4Q24 1Q25 5 (0.07%) (0.03%) (0.03%) (0.19%) FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26

------

![](exhibit99203312026006.jpg)

Fourth Quarter Earnings Highlights 6 Change From ($ in millions, except per share data) 1Q25 4Q25 1Q26 1Q25 4Q25 Income Statement Net Interest Income $233 $258 $249 $16 ($9) Provision for Credit Losses $15 $26 $25 $10 ($1) Total Non-Interest Income $22 $30 $25 $3 ($5) Total Non-Interest Expense $160 $173 $167 $7 ($6) Net Income $58 $69 $62 $4 ($7) EPS $0.78 $0.90 $0.83 $0.05 ($0.07) Net Interest Margin 2.81% 3.06% 2.99% 0.18% (0.07)% Balance Sheet Period-End Core Loans(1) $15,671 $16,569 $16,577 $906 $8 Period-End Loans $23,990 $24,274 $24,135 $145 ($139) Non-Interest DDA $8,069 $9,110 $8,944 $875 ($166) Period-End Deposits $28,058 $29,353 $29,360 $1,302 $7 Capital CET1 12.2% 12.3% 12.2% —% (0.1)% Total Risk-Based Capital 14.3% 14.1% 14.0% (0.3)% (0.1)% Asset Quality Non-Performing Assets to Total Assets(2) 0.76% 1.08% 0.79% 0.03% (0.29)% ACL to Total Loans 0.92% 0.91% 0.87% (0.05)% (0.04)% Commercial ACL to Commercial Loans(3) 1.34% 1.30% 1.25% (0.09)% (0.05)% (1) Core Loans include CRE, C&I and Mortgage Warehouse Lending. (2) Includes guaranteed portion of non-accrual SBA loans. (3) For purposes of this ratio, commercial loans includes the core C&I and CRE sub-segments as well as franchise and equipment finance. Due to their unique risk profiles, MWL and municipal finance are excluded from this ratio.

------

![](exhibit99203312026007.jpg)

Non-Interest Demand Deposit Balances Have Returned to COVID-Era Peak Levels and Are Well-Positioned for Continued Growth ($ in millions) $4,424 $3,778 $3,447 $3,889 $4,027 $10,789 $10,171 $9,937 $10,165 $9,940 $4,776 $5,584 $6,609 $6,189 $6,449 $8,069 $9,113 $8,625 $9,110 $8,944 $28,058 $28,646 $28,618 $29,353 $29,360 2.52% 2.37% 2.31% 2.10% 2.09% Spot APY Non-Interest Demand Interest Demand Money Market / Savings Time 1Q25 2Q25 3Q25 4Q25 1Q26 7 $27,385 $27,677 $27,246 $28,354 $28,494 $19,972 $19,683 $19,043 $19,646 $20,030 $7,413 $7,994 $8,203 $8,708 $8,463 2.58% 2.47% 2.38% 2.18% 2.12% Quarterly Cost of Deposits Avg NIDDA Avg IB Deposits 1Q25 2Q25 3Q25 4Q25 1Q26 28.8% 31.8% 30.1% 28.8% 30.5% NIDDA % Diverse deposit book by sector; largest industry verticals at March 31: National Title Solutions $4.1 billion National HOA $2.3 billion Deposit Portfolio Over Time Quarterly Avg. Deposits & Cost of Deposits Avg. NIDDA down $245 million Q-o-Q; up $1.1 billion for the 12 months

------

![](exhibit99203312026008.jpg)

Core Loan Growth While Resi and Other Loan Balances Continue to Decline ($ in millions) $7,465 $7,304 $7,131 $6,983 $6,856 $6,206 $6,473 $6,534 $6,811 $6,886 $8,885 $8,686 $8,556 $9,030 $8,886 $580 $627 $709 $728 $805$854 $844 $772 $722 $701 $23,990 $23,934 $23,702 $24,274 $24,134 Residential CRE C&I MWL Other 1Q25 2Q25 3Q25 4Q25 1Q26 8 Loan Portfolio Over Time $24,274 $75 ($144) $77 ($127) ($21) $24,134 4Q25 CRE C&I MWL Resi Other 1Q26 First Quarter 2026 Loan Attribution 5.48% 5.55% 5.53% 5.37% 5.31% 1Q25 2Q25 3Q25 4Q25 1Q26 Quarterly Loan Yield

------

![](exhibit99203312026009.jpg)

High Quality Diversified CRE Portfolio At March 31, 2026 ($ in millions) 9 $6.9 billion 47% 21% 32% FL NY Tri-State Other 20% 23% 15% 22% 7% 11% 2% Office Warehouse/Industrial Multifamily Retail Hotel Construction & Land Other 1.78 1.82 1.94 1.81 1.75 3.13 1.84 Office Industrial Multifamily Retail Hotel Other Total 64.2% 48.3% 53.2% 58.7% 48.0% 44.4% 55.4% Office Industrial Multifamily Retail Hotel Other Total 57% 44% 43% 38% 78% 42% 34% Office Industrial Multifamily Retail Hotel Other Construction and Land 20% 7% 46%22% 10% 3% 30% 23% 49% 11%40% 12% 55% 36% Other FL NY Tri- State CRE Portfolio by Property Type Wtd. Avg. DSCR by Property Type CRE Portfolio by Geography Geographic Data by Property Type Wtd. Avg. LTV by Property Type

------

![](exhibit99203312026010.jpg)

Commercial and Industrial Loans(1) At March 31, 2026 ($ in millions) 10 16.2% 8.8% 8.3% 8.1% 7.8% 7.3% 7.3% 6.0% 5.2% 5.1% 4.4% 4.2% 3.3% 2.8% 1.7% 1.2% 0.8% 1.5% Finance and Insurance Health Care Utilities Wholesale Trade Manufacturing Construction Educational Services Transport / Warehousing Information R/E and Rental & Leasing Prof., Scientific, Tech. Svcs. Retail Trade Other Services Public Administration Arts, Entertainment, and Rec. Adm., Support and Waste Mgnt. Accom. & Food Services Other $9,030 $311 ($354) ($65) ($36) $8,886 4Q25 Production Payments/ Payoffs Strategic Exits Net Charge- Offs 1Q26 28% 28%9% 19% 16% FL NY Tri State GA, TX, NC Other NDFI Diverse Industry Exposure Geographic Distribution First Quarter 2026 C&I Loan Walk $8.9 billion (1) Includes $2.0 billion in owner-occupied real estate, excludes MWL

------

![](exhibit99203312026011.jpg)

Drivers of Change in the ACL ($ in millions) 11 $219.8 $22.1 $1.9 $8.3 ($3.0) ($36.1) ($3.9) ($0.3) $208.8 4Q25 1Q26 % of Total Loans 0.91% 0.87% Increase in Specific Reserves Risk Rating Migration Change in Qualitative Overlay Portfolio Changes and Other Net Charge- Offs Economic Forecast Current market adjustment Scenario weighting Changes to forward path of forecast Portfolio composition changes New production, net of exits Changes in borrower financials Some elements related to economic uncertainty and model imprecision Assumption and Modeling Updates

------

![](exhibit99203312026012.jpg)

Allocation of the ACL ($ in millions) 12 Office Portfolio ACL at 1Q26 was 1.69% $219.7 $222.7 $219.9 $219.8 $208.8 0.92% 0.93% 0.93% 0.91% 0.87% ACL ACL Ratio 1Q25 2Q25 3Q25 4Q25 1Q26 $19.4 $12.7 $14.7 $24.9 $36.1 0.24% 0.23% 0.27% 0.30% 0.37% Net Charge-Offs Net Charge-Offs Ratio, Trailing 12 Months 1Q25 2Q25 3Q25 4Q25 1Q26 Allowance for Credit Losses Net Charge-Offs Composition of ACL at March 31, 2026 Balance % of Loans Commercial: Commercial real estate $55.7 0.81 % Commercial and industrial 141.9 1.60 % Franchise and equipment finance 0.4 0.47 % Total commercial 198.0 1.25 % Pinnacle - municipal finance 0.1 0.02 % Residential and mortgage warehouse lending 10.7 0.14 % Allowance for credit losses $208.8 0.87 % Net Charge-Offs, Trailing 12 months was 0.37%

------

![](exhibit99203312026013.jpg)

Non-Performing Metrics ($ in millions) 13 1.08% 1.57% 1.60% 1.54% 1.14% 0.94% 1.42% 1.43% 1.38% 1.00% NPL Excl. Guaranteed Portion of Non-Accrual SBA Loans NPL Ratio 1Q25 2Q25 3Q25 4Q25 1Q26 NPL RatioNon-Performing Loans by Portfolio Segment $260 $376 $379 $373 $275 $30 $23 $23 $23 $23 $83 $142 $136 $97 $67 $105 $167 $173 $211 $149 $6 $4 $3 $2 $1$33 $36 $40 $38 $34$3 $4 $4 $2 $1 Residential CRE C&I Franchise and Equipment Guaranteed Portion of SBA Non-Guaranteed Portion of SBA 1Q25 2Q25 3Q25 4Q25 1Q26 0.76% 1.08% 1.10% 1.08% 0.79% 0.67% 0.98% 0.99% 0.97% 0.69% NPA Excl. Guaranteed Portion of Non-Accrual SBA Loans NPA Ratio 1Q25 2Q25 3Q25 4Q25 1Q26 NPA Ratio $48 $3 $16Office Industrial Multifamily - NY Rent Regulated Non-Performing CRE Loans by Property Type At March 31, 2026 $67 million

------

![](exhibit99203312026014.jpg)

Criticized and Classified Loans Trend ($ in millions) 14 $193 $130 $137 $175 $177 $71 $89 $55 $82 $67 $122 $41 $82 $93 $110 Commercial Real Estate Commercial 1Q25 2Q25 3Q25 4Q25 1Q26 $193 $312 $312 $310 $217 $83 $142 $136 $97 $67 $110 $170 $176 $213 $150 Commercial Real Estate Commercial 1Q25 2Q25 3Q25 4Q25 1Q26 (1) Excludes SBA. (2) Includes C&I and franchise and equipment finance Special Mention Substandard Non-Accruing and Doubtful $941 $725 $715 $658 $604 $644 $515 $517 $471 $412 $297 $210 $198 $187 $192 Commercial Real Estate Commercial 1Q25 2Q25 3Q25 4Q25 1Q26 $1,327 $1,167 $1,164 $1,143 $998 $798 $746 $708 $650 $546 $529 $421 $456 $493 $452 Commercial Real Estate Commercial 1Q25 2Q25 3Q25 4Q25 1Q26 Total Criticized and Classified Substandard Accruing (1) (1)(2) (1) (1)(2) (1) (1)(2) (1) (1)(2)

------

![](exhibit99203312026015.jpg)

Appendix

------

![](exhibit99203312026016.jpg)

Loans to Non-Depository Financial Institutions (NDFI) 16 B2B $265 Capital Call / Subscription Lines $488 Other $684 NDFI Portfolio Distribution ($ in millions) "Other" includes REITs, B2C, Private Equity Funds, Insurance Carriers and Investment Services NDFI Portfolio Characteristics $1.4B NDFI Exposure vs $1.5B in 4Q25 6% of total loans; 8% of commercial loans One loan past due 30 - 59 days Excludes $806 million in MWL

------

![](exhibit99203312026017.jpg)

Allocation of the ACL 17 December 31, 2025 March 31, 2026 Balance % of Loans Balance % of Loans Commercial: Commercial real estate $58.3 0.86 % $55.7 0.81 % Commercial and industrial 148.6 1.65 % 141.9 1.60 % Franchise and equipment finance 1.0 0.93 % 0.4 0.47 % Total commercial 207.9 1.30 % 198.0 1.25 % Pinnacle - municipal finance 0.1 0.02 % 0.1 0.02 % Residential and mortgage warehouse lending 11.8 0.15 % 10.7 0.14 % Allowance for credit losses $219.8 0.91 % $208.8 0.87 % Office Portfolio ACL: 1.69% at March 31, 2026, 2.03% at December 31, 2025 Asset Quality Ratios December 31, 2025 March 31, 2026 Non-performing loans to total loans(1) 1.54 % 1.14 % Non-performing loans, excluding the guaranteed portion of non-accrual SBA loans, to total loans 1.38 % 1.00 % Non-performing assets to total assets(1) 1.08 % 0.79 % Non-performing assets, excluding the guaranteed portion of non-accrual SBA loans, to total assets 0.97 % 0.69 % Allowance for credit losses to non-performing loans(1) 58.99 % 75.90 % Net charge-offs to average loans(2) 0.30 % 0.61 % Net charge-offs to average loans, trailing twelve months 0.30 % 0.37 % (1) Non-performing loans and assets include the guaranteed portion of non-accrual SBA loans totaling $33.8 million and $37.9 million at March 31, 2026 and December 31, 2025, respectively. (2) Annualized for the three months ended March 31, 2026.

------

![](exhibit99203312026018.jpg)

Residential Portfolio Overview 18 34% 12% 13% 27% 1% 13%30 Yr Fixed 15 & 20 Year Fixed 10/1 ARM 5/1 & 7/1 ARM Formerly Covered Govt Insured 33% 25% 39% 3% 60% or less 61% - 70% 71% - 80% More than 80% 76% 14% 10% >759 720-759 <720 or NA 74% 15% 4% 3% 4% <1% Prior 2022 2023 2024 2025 2026 High quality residential portfolio consists primarily of high FICO, low LTV, prime jumbo mortgages with de- minimis charge-offs since inception as well as government insured loans (1) Excludes government insured residential loans. FICOs are refreshed routinely. LTVs are typically at origination Residential Loan Product Type Breakdown by LTV(1) FICO Distribution(1) Breakdown by Vintage(1)

------

![](exhibit99203312026019.jpg)

High Quality, Short-Duration Securities Portfolio 19 36% 27% 25% 8% 4% US Government and Agency Private label RMBS and CMOs Private label CMBS CLOs Other GOV 36% AAA 54% AA 5% A 4% NR 1% December 31, 2025 March 31, 2026 Portfolio Net Unrealized Loss Fair Value Net Unrealized Loss Fair Value US Government and Agency ($51) $3,424 ($51) $3,457 Private label RMBS and CMOs (193) 2,491 (195) 2,516 Private label CMBS (14) 2,168 (16) 2,402 CLOs — 781 (1) 772 Other (9) 394 (9) 352 ($267) $9,258 ($272) $9,499 Portfolio Composition Rating Distribution No expected credit losses on AFS securities Unrealized losses just 3% of amortized cost AFS portfolio duration of 1.92; approximately 65.3% of the portfolio floating rate

------

![](exhibit99203312026020.jpg)

Non-GAAP Financial Measures 20 4Q25 ($ in millions except per share data) Net income (GAAP) $69 Write downs on capitalized software 4 Tax effect of adjustment (1) Adjusted net income $72 Average assets $35,186 ROA 0.78 % Adjusted ROA 0.81 % Average stockholders' equity $3,095 ROE 8.9 % Adjusted ROE 9.2 % EPS (GAAP) $0.90 Write downs on capitalized software 0.04 Adjusted EPS $0.94 Net income, EPS, ROA and ROE excluding the impact of the write-off are non-GAAP financial measures. Disclosure of these measures enhances the reader's ability to compare the Company's performance for 4Q25 to other periods presented. PPNR is a non-GAAP financial measure. Management believes this measure is relevant to understanding the performance of the Company attributable to elements other than the provision for credit losses and the ability of the Company to generate earnings sufficient to cover estimated credit losses. This measure also provides a meaningful basis for comparison to other financial institutions since it is commonly employed and is a measure frequently cited by investors and analysts. The following tables reconciles these non-GAAP financial measurements to the comparable GAAP financial measurements of net income, EPS, ROA and ROE for 4Q25 and PPNR for the periods presented: ($ in millions) 1Q25 2Q25 3Q25 4Q25 1Q26 Income before income taxes (GAAP) $80 $94 $98 $90 $82 Plus: provision for credit losses 15 16 12 26 25 PPNR $95 $110 $110 $115 $106

------