Bankunited, Inc. · NYSE:BKU
Bankunited — Q2 2026 Earnings Presentation
21 slides from Bankunited's earnings presentation, Jul 22, 2026
Slide 1: 2Q 2026 - Financial Results
Exhibit 99.2 2Q 2026 - Financial Results July 22, 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 Company’s current views with respect to, among other things, future events and financial performance, dividend payments and sto
Slide 3: Executing On and Delivering Shareholder Value
Executing On and Delivering Shareholder Value Financial Performance • $0.97 diluted EPS, up 7% vs a year ago • PPNR(1) of $109.9 million, up $0.3 million vs a year ago • Net interest income of $255.3 million; NIM of 3.06%, up 13 bps vs a year ago • Provision for credit losses of $15.6 million, down
Slide 4: Key Profitability Metrics Are Steadily Improving
Key Profitability Metrics Are Steadily Improving ($ in millions) Net Interest Income & Net Interest Margin Return on Assets(3) $246 $250 $258 $249 $255 0.82% 0.81% 0.81% 0.78% Net Interest Income 3.06% 3.06% 0.72% ROA 3.00% 2.99% 0.78% 2.93% (1)(2) (3) NIM Adj. ROA 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25
Slide 5: Second Quarter Earnings Highlights
Second Quarter Earnings Highlights Change From ($ in millions, except per share data) 2Q25 1Q26 2Q26 2Q25 1Q26 Income Statement Net Interest Income $246 $249 $255 $9 $6 Provision for Credit Losses $16 $25 $16 $— ($9) Total Non-Interest Income $28 $25 $29 $1 $4 Total Non-Interest Expense $164 $167 $1
Slide 6: NIDDA represents the highest balance and percentage in the Company's history
NIDDA represents the highest balance and percentage in the Company’s history and is well positioned for continued growth ($ in millions) Ending Deposit Trend Average Deposit Trend NIDDA up $564 million Q-o-Q; up $1.0 billion for the 12 months Spot APY Non-Interest Demand Interest Demand $27,677 $28,
Slide 7: Loan Trends
Loan Trends ($ in millions) Ending Loan Portfolio Trend Average Loan Portfolio Trend $23,934 $24,274 $24,135 $23,929 $23,901 $23,702 $23,519 $23,698 $23,835 $23,839 $722 $701 $709 $844 $772 $728 $851 $776 $741 $714 $709 $627 $805 $877 $616 $649 $731 $709 $638 $716 $8,686 $8,556 $9,030 $8,886 $8,681
Slide 8: Loan Trends Cont.
Loan Trends Cont. ($ in millions) Second Quarter 2026 Ending Loan Attribution $120 $24,135 $72 (1) $8 $23,929 ($205) ($200) 1Q26 CRE C&I MWL Resi Other 2Q26 (1) Includes $237 million of strategic exits. Quarterly Loan Yield (Avg) 5.55% 5.53% 5.37% 5.31% 5.31% 2Q25 3Q25 4Q25 1Q26 2Q26 8
Slide 9: High Quality Diversified CRE Portfolio
High Quality Diversified CRE Portfolio At June 30, 2026 ($ in millions) CRE Portfolio by Property Type CRE Portfolio by Geography Geographic Data by Property Type Office Industrial Office 20% 20% Multifamily Retail 23% 3% 32% Hotel Other Warehouse/Industrial 24% Construction 11% NY Tri- 7% $7.0 Stat
Slide 10: Commercial and Industrial Loans
Commercial and Industrial Loans(1) At June 30, 2026 ($ in millions) Diverse Industry Exposure Geographic Distribution Finance and Insurance 14.1% Health Care 8.7% 15% Utilities 8.3% FL 29% Wholesale Trade 8.1% NY Tri State 18% $8.7 Manufacturing 8.2% billion GA, TX, NC Construction 8.2% Other Educat
Slide 11: Drivers of Change in the ACL
Drivers of Change in the ACL ($ in millions) Increase Risk Change in Portfolio Net Charge- Economic in Specific Rating Qualitative Changes Offs Forecast Reserves Migration Overlay and Other $10.7 $4.8 $10.1 $217.5 $208.8 ($3.6) ($6.9) ($6.4) Some Portfolio Current market elements composition adjustm
Slide 12: Allocation of the ACL
Allocation of the ACL ($ in millions) Allowance for Credit Losses $222.7 $219.9 $219.8 $217.5 $208.8 Office Portfolio ACL at 2Q26 was 1.98% 0.93% 0.93% 0.91% 0.87% 0.91% ACL ACL Ratio Net Charge-Offs, Trailing 12 months was 0.35% 2Q25 3Q25 4Q25 1Q26 2Q26 Net Charge-Offs Composition of ACL at June 30
Slide 13: Non-Performing Metrics
Non-Performing Metrics ($ in millions) Non-Performing Loans by Portfolio Segment NPL Ratio NPA Ratio 1.57% 1.60% 1.54% Residential CRE 1.08% 1.10% 1.08% C&I Franchise and Equipment 1.42% 1.43% 1.38% 1.14% 0.98% 0.99% 0.97% 0.79% Guaranteed Portion of SBA Non-Guaranteed Portion of SBA 0.94% 0.66% 1.0
Slide 14: Criticized and Classified Loans Trend
Criticized and Classified Loans Trend ($ in millions) Special Mention Substandard Accruing $175 $177 $175 $130 $137 $725 $715 $658 $669 $93 $110 $604 $41 $210 $198 $141 $187 $263 $82 $192 $89 $82 $515 $517 $471 $67 $412 $406 $55 $34 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 Commercial Real E
Slide 15: 2026 Guidance
2026 Guidance Key Forecast Assumption Updates 2025 2026 Guidance Metric Actual Previous Current • Continued economic strength Core 5% 6% 4 - 5% • Utilize the forward interest rate curve • 1 Federal Funds rate increase in 4Q26 Loans Resi/Other (10)% (8)% (8)% • Utilize remaining $146 million of stock
Slide 16: Appendix
@ & BankUnited Appendix
Slide 17: Loans to Non-Depository Financial Institutions (NDFI)
Loans to Non-Depository Financial Institutions (NDFI) Second Quarter 2026 Ending NDFI Walk ($ in millions) NDFI Portfolio Distribution ($ in millions) $1,437 $13 $1,273 ($159) ($18) 1Q26 Capital Call / B2B Other 2Q26 B2B Subscription $278 Lines NDFI Portfolio Characteristics Other $1.3B NDFI Exposur
Slide 18: Allocation of the ACL
Allocation of the ACL December 31, 2025 March 31, 2026 June 30, 2026 Balance % of Loans Balance % of Loans Balance % of Loans Commercial: Commercial real estate $58.3 0.86 % $55.7 0.81 % $58.6 0.84 % Commercial and industrial 148.6 1.65 % 141.9 1.60 % 145.6 1.68 % Franchise and equipment finance 0.9
Slide 19: Residential Portfolio Overview
Residential Portfolio Overview Residential Loan Product Type FICO Distribution(1) 1% 13% 10% 30 Yr Fixed >759 15 & 20 Year Fixed 34% 14% 10/1 ARM 720-759 High quality residential 27% 5/1 & 7/1 ARM portfolio consists Formerly Covered primarily of high FICO, <720 or NA 76% Govt Insured 12% low LTV, pr
Slide 20: High Quality, Short-Duration Securities Portfolio
High Quality, Short-Duration Securities Portfolio December 31, 2025 March 31, 2026 June 30, 2026 No expected credit losses on AFS Net Net Net Portfolio Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value securities US Government and Agency ($51) $3,424 ($51) $3,457 ($57)
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures 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. M