Bankunited, Inc. · NYSE:BKU
Bankunited — Q3 2026 Earnings Presentation
22 slides from Bankunited's earnings presentation, Oct 21, 2026
Slide 1: Earnings & Financial Performance Q3 2026
Exhibit 99.2 Earnings & Financial Performance Q3 2026 Financial Results October 21, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements 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 an
Slide 3: Executing On and Delivering Shareholder Value
Executing On and Delivering Shareholder Value Financial Performance • $1.01 diluted EPS, up $0.06 vs a year ago • $1.03 adjusted diluted EPS(1) up $0.09 from a year ago • Net interest income of $260.7 million; NIM of 3.16%, up 16 bps vs a year ago • Provision for credit losses of $9.0 million, down
Slide 4: Key Profitability Metrics Are Steadily Improving
Key Profitability Metrics Are Steadily Improving ($ in millions) Net Interest Income & Net Interest Margin Return on Assets(3) $250 $258 $249 $255 $261 3.16% Net Interest Income 3.06% 3.06% ROA 3.00% 2.99% (4) 0.82% 0.81% 0.81% 0.82% 0.84% Adj. ROA (1)(2)(3) NIM 0.78% 0.80% 0.80% 0.72% 0.69% 3Q25 4Q
Slide 5: Third Quarter Earnings Highlights
Third Quarter Earnings Highlights Change From ($ in millions, except per share data) 3Q26 2Q26 3Q25 2Q26 3Q25 Income Statement Net Interest Income $261 $255 $250 $6 $11 Provision for Credit Losses $9 $16 $12 ($7) ($3) Total Non-Interest Income $20 $29 $26 ($9) ($6) Total Non-Interest Expense $175 $1
Slide 6: Deposit Trends
Deposit Trends ($ in millions) Ending Deposit Trend Average Deposit Trend NIDDA stable Q-o-Q; up $824 million Y-o-Y Spot APY Non-Interest Demand Interest Demand $28,354 $28,494 $28,728 $27,964 $27,246 Money Market / Savings Time $4,361 $4,563 $3,986 $3,607 $3,921 $8,203 $8,708 $8,463 $9,028 $9,027 $
Slide 7: Loan Trends
Loan Trends ($ in millions) Ending Loan Portfolio Trend Average Loan Portfolio Trend $24,274 $24,135 $23,929 $23,702 $23,815 $23,519 $23,698 $23,835 $23,839 $23,525 $722 $701 $709 $772 $728 $652 $741 $714 $709 $645 $805 $877 $776 $649 $709 $932 $638 $716 $731 $864 $9,030 $8,886 $8,681 $8,553 $8,752
Slide 8: Loan Trends Cont.
Loan Trends Cont. ($ in millions) Third Quarter 2026 Ending Loan Attribution $66 $23,929 $56 $23,815 ($109) ($70) ($57) 2Q26 CRE C&I MWL Resi Other 3Q26 Quarterly Loan Yield (Avg) 6.30% 6.06% 5.97% 5.93% 5.98% 5.53% 5.37% 5.31% 5.31% 5.36% Commercial Yield 3.78% 3.75% 3.69% 3.73% 3.77% Residential Y
Slide 9: High Quality Diversified CRE Portfolio
High Quality Diversified CRE Portfolio At September 30, 2026 ($ in millions) CRE Portfolio by Property Type CRE Portfolio by Geography Geographic Data by Property Type(1) Office 20% FL NY Tri-State Other FL 46% Warehouse/Industrial 25% Multifamily 18% 23% Retail 21% NY Tri-State 20% 42% Office 48% W
Slide 10: Commercial and Industrial Loans
Commercial and Industrial Loans(1) At September 30, 2026 ($ in millions) Diverse Industry Exposure Geographic Distribution Finance and Insurance 14.9% $2,490 FL 29% Health Care 8.5% Utilities 8.5% $2,596 NY Tri State 30% Wholesale Trade 8.6% $761 Manufacturing 7.7% GA, TX, NC 9% Construction 8.0% $1
Slide 11: Drivers of Change in the ACL
Drivers of Change in the ACL ($ in millions) Increase in Change in Specific Risk Rating Qualitative Portfolio Changes Economic Reserves Migration Overlay and Other Net Charge-Offs Forecast $9.2 $4.5 $0.8 $221.5 $217.5 $1.7 ($5.9) ($6.3) Economic Portfolio Current market uncertainty composition adjus
Slide 12: Allocation of the ACL
Allocation of the ACL ($ in millions) Allowance for Credit Losses Relevant Metrics: $219.9 $219.8 $217.5 $221.5 $208.8 Office Portfolio ACL at 3Q26 was 2.04% 0.93% 0.91% 0.87% 0.91% 0.93% ACL ACL Ratio Net Charge-Offs, Trailing 12 months was 0.31% 3Q25 4Q25 1Q26 2Q26 3Q26 Net Charge-Offs Composition
Slide 13: Non-Performing Metrics
Non-Performing Metrics ($ in millions) Non-Performing Loans by Portfolio Segment NPL Ratio NPA Ratio 1.60% 1.54% Residential CRE 1.10% 1.08% C&I Franchise and Equipment 1.43% 1.38% 1.14% 1.11% 0.99% 0.97% 0.79% 0.77% Guaranteed Portion of SBA Non-Guaranteed Portion of SBA 0.94% 0.66% 1.00% 0.98% $37
Slide 14: Criticized and Classified Loans Trend
Criticized and Classified Loans Trend ($ in millions) Special Mention Substandard Accruing $175 $177 $175 $137 $715 $715 $658 $669 $93 $110 $107 $604 $198 $141 $187 $263 $328 $82 $192 $107 $517 $82 $471 $412 $406 $67 $387 $55 $34 3Q25 4Q25 1Q26 2Q26 3Q26 3Q25 4Q25 1Q26 2Q26 3Q26 Commercial Real Esta
Slide 15: Fourth Quarter 2026 Guidance
Fourth Quarter 2026 Guidance Metric Q4 Guidance Key Assumption Updates Ending Core Loans ~$17.6 Billion - $17.7 Billion Fourth Quarter Average NIDDA ~$8.65 Billion • Continued economic strength Net Interest Income ~$265 Million • 25 bps rate increase in December 2026 Fourth Quarter NIM ~3.20% • Util
Slide 16: Appendix
@ & BankUnited Appendix
Slide 17: Loans to Non-Depository Financial Institutions (NDFI)
Loans to Non-Depository Financial Institutions (NDFI) Third Quarter 2026 Ending NDFI Walk ($ in millions) NDFI Portfolio Distribution ($ in millions) $1,273 $66 $1,279 ($49) ($11) $344 B2B 27% 2Q26 Capital Call / B2B Other 3Q26 Subscription Lines NDFI Portfolio Characteristics $279 Capital Call / Su
Slide 18: Allocation of the ACL
Allocation of the ACL September 30, 2026 June 30, 2026 December 31, 2025 Balance % of Loans Balance % of Loans Balance % of Loans Commercial: Commercial real estate $60.0 0.85 % $58.6 0.84 % $58.3 0.86 % Commercial and industrial 148.1 1.73 % 145.6 1.68 % 148.6 1.65 % Franchise and equipment finance
Slide 19: Residential Portfolio Overview
Residential Portfolio Overview At September 30, 2026 Residential Loan Product Type FICO Distribution(1) 30 Yr Fixed 34% >759 76% 15 & 20 Year Fixed 12% 10/1 ARM 14% 720-759 14% 5/1 & 7/1 ARM 27% Formerly Covered 1% <720 or NA 10% High quality residential Govt Insured 12% portfolio consists primarily
Slide 20: High Quality, Short-Duration Securities Portfolio
High Quality, Short-Duration Securities Portfolio September 30, 2026 June 30, 2026 December 31, 2025 Net Net Net No expected credit losses on AFS Unrealized Fair Unrealized Fair Unrealized Fair Portfolio Loss Value Loss Value Loss Value securities US Government and Agency ($146) $3,081 ($57) $3,340
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures Net income, EPS, ROA and ROE excluding the impact of gains and losses on the sale of investment securities and write downs for capitalized software are non-GAAP financial measures. Disclosure of these measures enhances the reader’s ability to compare the Company’s perform
Slide 22: Non-GAAP Financial Measures Cont.
Non-GAAP Financial Measures Cont. 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 c