Bankunited, Inc. · NYSE:BKU
Bankunited — Q3 2025 Earnings Presentation
28 slides from Bankunited's earnings presentation, Oct 22, 2025
Slide 1: Q3 2025 – Supplemental Information
Q3 2025 – Supplemental Information October 22, 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 $71.9 million, 5% quarter-over-quarter increase Driving Earnings Growth • NIM expanded by 0.07% to 3.00% from 2.93%; up 22 bps from Q3 2024 • Annualized ROA improved to 0.82%, ROE improved to 9.5% • Average NIDDA up $210 million QoQ and $741
Slide 5: Highlights from Third Quarter Earnings
Highlights from Third Quarter Earnings Change From ($ in millions, except per share data) Q3’25 Q2’25 Q3’24 Q2’25 Q3’24 Net Interest Income $250 $246 $234 $4 $16 Provision for Credit Losses $12 $16 $9 ($4) $3 Total Non-interest Income $26 $28 $23 ($2) $3 Total Non-interest Expense $166 $164 $165 $2
Slide 6: Deposits
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Slide 7: Deposit Trends
Deposit Trends ($ in millions) $29,438 $28,646 $28,618 $27,509 $27,856 $27,866 $26,538 $8,976 $7,635 $7,616 $9,113 $8,625 $8,038 $6,835 $3,709 $2,142 $3,403 $5,172 $4,893 Non-interest Demand $5,584 $6,609 Interest Demand Money Market / Savings $13,061 $11,136 $13,369 $10,325 $11,056 Time $10,171 $9,
Slide 8: Cost of Funds Trend
Cost of Funds Trend At At December At December At December At December At June 30, September 30, Spot Average Annual Percentage Yield (“APY”) 31, 2021 31, 2022 31, 2023 31, 2024 2025 2025 Total non-maturity deposits 0.14% 1.83% 2.87% 2.37% 2.16% 2.13% Total interest-bearing deposits 0.23% 2.66% 4.20
Slide 9: Loans and the Allowance for Credit Losses
Loans and the Allowance for Credit Losses 9
Slide 10: Prudently Underwritten and Well-Diversified Loan Portfolio
Prudently Underwritten and Well-Diversified Loan Portfolio At September 30, 2025 ($ in millions) Loan Portfolio Over Time $24,886 $24,634 $24,298 $23,934 $23,765 $1,455 $23,702 $1,266 $935 $844 $772 $525 $433 $586 $1,868 $627 $709 $1,092 $8,305 $8,907 $8,982 $8,686 $8,556 $6,735 Other Mortgage Wareh
Slide 11: High Quality CRE Portfolio
High Quality CRE Portfolio At September 30, 2025 ($ in millions) % of Total Wtd. Avg. Wtd. Avg. Property Type Balance CRE FL NY Tri State Other DSCR LTV Office $ 1,525 24 % 61 % 18 % 21 % 1.57 65.0 % Warehouse/Industrial 1,554 24 % 43 % 9% 48 % 1.83 47.3 % Multifamily 749 11 % 52 % 46 % 2% 1.98 48.0
Slide 12: Manageable CRE Maturity Risk
Manageable CRE Maturity Risk At September 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 1
Slide 13: CRE Peer Benchmarking
CRE Peer Benchmarking CRE / Total Loans(1)(2) CRE / Total Risk Based Capital(1)(2) 40% 250% 225% 35% 34% 33% 206% 200% 185% 30% 28% 25% 150% Peer Median 20% Peer Mean BankUnited, N.A 100% 15% 10% 50% 5% —% —% 1. BKU information as of September 30, 2025 2. CRE peer median information based on June 30
Slide 14: CRE Office Portfolio - Additional Information
CRE Office Portfolio - Additional Information At September 30, 2025 NY Tri-State by Sub-Market 6% 4% • 19% or $292 million of the total office portfolio is medical office Manhattan • Rent rollover in next 12 months 18% 30% Long Island NY Tri-State Other approximately 12% of the total office Queens p
Slide 15: Granular, Diversified Commercial & Industrial Portfolio
Granular, Diversified Commercial & Industrial Portfolio At September 30, 2025 ($ in millions) % of Geographic Distribution Industry Balance(1) Portfolio Finance and Insurance $ 1,281 15.0 % Health Care and Social Assistance 831 9.7 % Utilities 721 8.4 % Manufacturing 712 8.3 % NDFI 15% Wholesale Tra
Slide 16: Loans to Non-Depository Financial Institutions (NDFI)
Loans to Non-Depository Financial Institutions (NDFI) At September 30, 2025 ($ in millions) Portfolio characteristics: NDFI Portfolio Distribution • $1.3B NDFI Exposure • NDFI loans make up 5% of total loans; 8% of commercial loans • Substantial majority of NDFI portfolio is pass rated. One $26 Othe
Slide 17: Drivers of Change in the ACL - Current Quarter
Drivers of Change in the ACL - Current Quarter ($ in millions) Increase in Change in Portfolio Specific Risk Rating Qualitative Changes Net Charge- Economic Reserves Migration Overlay and Other Offs Forecast $9.3 $19.1 $3.2 $(1.9) $222.7 $219.9 $(14.7) $(17.8) • Primarily • Primarily • Portfolio • P
Slide 18: Allocation of the ACL
Allocation of the ACL ($ in millions) December 31, 2024 June 30, 2025 September 30, 2025 Balance % of Loans Balance % of Loans Balance % of Loans Commercial: Commercial real estate $ 70.5 1.13 % $ 58.4 0.90 % $ 62.3 0.95 % Commercial and industrial 138.0 1.54 % 149.0 1.72 % 142.9 1.67 % Franchise an
Slide 19: 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 1.75
Slide 20: 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 September 30, 2025 Non-Guaranteed Portion of SBA Guaranteed Portion of SBA Franchise and Equipment C&I CRE Residential and Other Consumer $376 $379 $30 $4 $4
Slide 21: Criticized and Classified Loans Trend
Criticized and Classified Loans Trend ($ 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 $— / 21 0 22 / 23 / 24 / 25 / 25 / 31 /2 / 31 / 31 / 30 / 30 12 / 31 12 12 06 09 12 Commercia
Slide 22: Criticized and Classified CRE Loans by Property Type
Criticized and Classified CRE Loans by Property Type ($ in millions) September 30, 2025 June 30, 2025 $19 $16 $60 $59 $160 $147 $62 $82 $283 $323 $47 $89 $95 $47 Multifamily Hotel Industrial/ December 31, 2024 Warehouse Retail Office Construction $3 $14 & Land (1) Other SBA $138 $17 $128 $47 (1) off
Slide 23: Asset Quality - Delinquencies
Asset Quality - Delinquencies ($ 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 0/ 3 0/ 3 1/ 3 1/ 3 1/ 3 1/ 3 0/ 3 0/ 1 2/ 1 2/ 1 2/ 1 2/ 0 6/ 0 9/ 1 2/ 1 2/ 1 2/ 1 2/ 0 6/ 0 9/ Residential(2) $100 $80 $60 30-5
Slide 24: Residential Portfolio Overview
Residential Portfolio Overview At September 30, 2025 Residential Loan Product Type FICO Distribution(1) <720 or NA 10% Govt Insured 13% High quality 30 Yr Fixed 34% 5/1 & 720-759 residential 7/1 ARM 14% portfolio consists 28% primarily of high 10/1 >759 ARM FICO, low LTV, 13% 15 & 20 76% Year prime
Slide 25: Stress Testing Results - Expected Credit Losses in CCAR Severely Adverse Scenario
Stress Testing Results - Expected Credit Losses in CCAR Severely Adverse Scenario ($ in millions) Stressed Expected Credit Losses by Segment 1)(3) 4.0% 2.9% 2.8% 3.0% 2.0% • Bank projected to remain well 1.0% above well capitalized threshold 0.4% under hypothetical severe stress —% Commercial CRE Re
Slide 26: Investment Portfolio
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Slide 27: High Quality, Short-Duration Securities Portfolio
High Quality, Short-Duration Securities Portfolio ($ in millions) • No expected credit losses on AFS securities • Unrealized losses just 3% of amortized cost • AFS portfolio duration of 1.59; approximately 72% of the portfolio floating rate December 31, 2024 June 30, 2025 September 30, 2025 Net Unre
Slide 28: High Quality, Short-Duration Securities Portfolio
High Quality, Short-Duration Securities Portfolio At September 30, 2025 Strong credit enhancement levels - no SASB(1) exposure A NR Private Label RMBS AA 3% 5% 3% Wtd. Avg. Subordination Stress Scenario Rating Min Max Avg. Loss AAA 2.8 83.9 17.9 2.1 AA 22.2 48.4 29.0 7.0 AAA A 21.3 25.4 23.4 14.1 89