Bankunited, Inc. · NYSE:BKU
Bankunited — Q2 2025 Earnings Presentation
26 slides from Bankunited's earnings presentation, Jul 23, 2025
Slide 1: Q2 2025 – Supplemental Information
Q2 2025 – Supplemental Information July 23, 2025 1
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 and
Slide 3: Quarterly Highlights
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Slide 4: Delivering on Organic Transformation Strategy
Delivering on Organic Transformation Strategy • Net income $68.8 million, 18% quarter-over-quarter increase Driving Earnings Growth • NIM expanded by 0.12% to 2.93% from 2.81% • ROE improved to 9.4% • NIDDA grew 13% or $1.0 billion to 32% of total deposits • Average NIDDA up $581 million Improved Fu
Slide 5: Highlights from Second Quarter Earnings
Highlights from Second Quarter Earnings Change From ($ in millions, except per share data) Q2’25 Q1’25 Q2’24 Q1’25 Q2’24 Net Interest Income $246 $233 $226 $13 $20 6% quarter-over-quarter growth Provision for Credit Losses $16 $15 $20 $1 ($4) Total Non-interest Income $28 $22 $24 $6 $4 Fee businesse
Slide 6: Deposits
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Slide 7: Deposit Trends
Deposit Trends ($ in millions) $29,438 $28,646 $27,509 $27,764 $27,866 $28,058 $26,538 $8,976 $7,616 $9,113 $8,038 $6,835 $8,065 $8,069 $3,709 $2,142 $3,403 $3,773 $4,893 $4,776 $5,584 Non-interest Demand Interest Demand Money Market / Savings $13,061 $11,136 $13,369 $11,463 $11,056 $10,789 Time $10
Slide 8: Cost of Funds Trend
Cost of Funds Trend Spot Average Annual Percentage At December At December At December At June 30, At December At March 31, At June 30, Yield (“APY”) 31, 2021 31, 2022 31, 2023 2024 31, 2024 2025 2025 Total non-maturity deposits 0.14% 1.83% 2.87% 2.80% 2.37% 2.25% 2.16% Total interest-bearing deposi
Slide 9: Loans and the Allowance for Credit Losses
Loans and the Allowance for Credit Losses 9
Slide 10: Prudently Underwritten and Well-Diversified Loan Portfolio
Prudently Underwritten and Well-Diversified Loan Portfolio At June 30, 2025 ($ in millions) Loan Portfolio Over Time $24,886 $24,634 $24,298 $23,990 $23,934 $23,765 $1,455 $1,266 $935 $854 $844 $525 $433 $586 $1,868 $580 $627 $1,092 $8,305 $8,907 $8,982 $8,885 $8,686 $6,735 Other Mortgage Warehouse
Slide 11: High Quality CRE Portfolio
High Quality CRE Portfolio At June 30, 2025 ($ in millions) % of Total Wtd. Avg. Wtd. Avg. Property Type Balance CRE FL NY Tri State Other DSCR LTV Office $ 1,647 26 % 59 % 22 % 19 % 1.52 63.3 % Warehouse/Industrial 1,368 21 % 49 % 8% 43 % 1.88 47.4 % Multifamily 887 14 % 53 % 45 % 2% 1.94 49.5 % Re
Slide 12: Manageable CRE Maturity Risk
Manageable CRE Maturity Risk At June 30, 2025 ($ in millions) 16% of total CRE portfolio fixed and maturing in the next 12 months Fixed Rate to Fixed Rate or Borrower Swapped Maturing in Next Maturing in the % Maturing in the Maturing in the 12 mos. as a % of Property Type Next 12 Months Next 12 Mon
Slide 13: CRE Peer Benchmarking
CRE Peer Benchmarking CRE / Total Loans(1)(2) CRE / Total Risk Based Capital(1)(2) 40% 250% 35% 217% 35% 33% 205% 200% 185% 30% 27% 25% 150% Peer Median 20% Peer Mean BankUnited, N.A 100% 15% 10% 50% 5% —% —% 1. BKU information as of June 30, 2025 2. CRE peer median information based on March 31, 20
Slide 14: CRE Office Portfolio - Additional Information
CRE Office Portfolio - Additional Information At June 30, 2025 NY Tri-State by Sub-Market 5% 1% • 20% or $337 million of the total office portfolio is medical office 14% Manhattan • Rent rollover in next 12 months Long Island 36% NY Tri-State Other approximately 9% of the total office 21% Queens por
Slide 15: Granular, Diversified Commercial & Industrial Portfolio
Granular, Diversified Commercial & Industrial Portfolio At June 30, 2025 ($ in millions) Geographic Distribution Industry Balance(1) % of Portfolio Finance and Insurance $ 1,466 16.9 % Health Care and Social Assistance 824 9.5 % Manufacturing 733 8.4 % Utilities 704 8.1 % Educational Services 645 7.
Slide 16: Drivers of Change in the ACL - Current Quarter
Drivers of Change in the ACL - Current Quarter ($ in millions) Increase in Specific Reserves Net of Change in Portfolio Positive Risk Economic Qualitative Changes Net Charge- Rating Migration Forecast Overlay and Other Offs $6.8 $27.6 $(3.3) $222.7 $219.7 $(15.4) $(12.7) • Current • Some • Portfolio
Slide 17: Allocation of the ACL
Allocation of the ACL ($ in millions) December 31, 2024 March 31, 2025 June 30, 2025 Balance % of Loans Balance % of Loans Balance % of Loans Commercial: Commercial real estate $ 70.5 1.13 % $ 65.6 1.06 % $ 58.4 0.90 % Commercial and industrial 138.0 1.54 % 136.6 1.54 % 149.0 1.72 % Franchise and eq
Slide 18: Asset Quality Metrics
Asset Quality Metrics Non-Performing Loans to Total Loans Non-Performing Assets to Total Assets Incl. guaranteed portion of non-accrual SBA loans Incl. guaranteed portion of non-accrual SBA loans Excl. guaranteed portion of non-accrual SBA loans Excl. guaranteed portion of non-accrual SBA loans 1.57
Slide 19: Non-Accrual Loans by Portfolio Segment
Non-Accrual Loans by Portfolio Segment ($ in millions) Non-performing loans by Portfolio Segment Non-performing CRE loans by Property Type at June 30, 2025 Non-Guaranteed Portion of SBA Guaranteed Portion of SBA Franchise and Equipment C&I CRE Residential and Other Consumer $376 $31 $4 $36 $18 $93 $
Slide 20: Criticized and Classified Loans
Criticized and Classified Loans ($ in millions) Commercial Real Estate(1) $1,000 $900 $800 $700 $600 $500 $400 Special Mention $300 Substandard Accruing $200 Substandard Non-accruing and Doubtful $100 $— / 21 0 22 / 23 / 24 / 25 / 25 / 31 /2 / 31 / 31 / 31 / 30 12 / 31 12 12 03 06 12 Commercial(1)(2
Slide 21: Criticized and Classified CRE Loans by Property Type
Criticized and Classified CRE Loans by Property Type ($ in millions) June 30, 2025 March 31, 2025 $16 $3 $15 $60 $107 $176 $160 $17 $62 $47 $323 $354 $47 $94 $95 Multifamily Hotel Industrial/ December 31, 2024 Warehouse Retail Office Construction $3 $14 & Land (1) Other SBA $138 $17 $128 $47 (1) off
Slide 22: Asset Quality - Delinquencies
Asset Quality - Delinquencies ($ in millions) Commercial(1) CRE $100 $100 $80 $80 $60 $60 $40 $40 $20 $20 $— $— 21 22 23 24 25 25 21 22 23 24 25 25 3 1/ 3 1/ 3 1/ 3 1/ 3 1/ 3 0/ 3 1/ 3 1/ 3 1/ 3 1/ 3 1/ 3 0/ 1 2/ 1 2/ 1 2/ 1 2/ 0 3/ 0 6/ 1 2/ 1 2/ 1 2/ 1 2/ 0 3/ 0 6/ Residential(2) $100 $80 $60 30-5
Slide 23: Residential Portfolio Overview
Residential Portfolio Overview At June 30, 2025 Residential Loan Product Type FICO Distribution(1) <720 or NA 10% Govt Insured 14% High quality 30 Yr Fixed 34% 5/1 & residential 7/1 ARM 720-759 15% portfolio consists 27% primarily of high 10/1 >759 ARM FICO, low LTV, 13% 15 & 20 75% Year prime jumbo
Slide 24: Investment Portfolio
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Slide 25: High Quality, Short-Duration Securities Portfolio
High Quality, Short-Duration Securities Portfolio ($ in millions) • No expected credit losses on AFS securities • Unrealized losses just 4% of amortized cost • AFS portfolio duration of 1.66; approximately 71% of the portfolio floating rate December 31, 2024 March 31, 2025 June 30, 2025 Net Unrealiz
Slide 26: High Quality, Short-Duration Securities Portfolio
High Quality, Short-Duration Securities Portfolio At June 30, 2025 Strong credit enhancement levels - no SASB(1) exposure A NR Private Label RMBS 2% 5% AA Subordination Wtd. Avg. 3% Stress Scenario Rating Min Max Avg. Loss AAA 2.8 82.0 18.1 2.1 AA 21.7 45.4 28.4 6.8 AAA A 21.3 25.4 22.9 15.5 90% NR