Bankunited, Inc. · NYSE:BKU
Bankunited — Q1 2026 Earnings Presentation
20 slides from Bankunited's earnings presentation, Apr 22, 2026
Slide 1: 1Q 2026 - Financial Results
1Q 2026 - Financial Results April 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 current views of BankUnited, Inc. (“BankUnited,” “BKU” or the “Company”) with respect to, among other things, future events and
Slide 3: Executing On and Delivering Shareholder Value
Executing On and Delivering Shareholder Value Financial Performance • 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 $249.0 million; NIM of 2.99%, up 18 bps vs a year
Slide 4: Key Profitability Metrics Are Steadily Improving
Key Profitability Metrics Are Steadily Improving ($ in millions) Net Interest Income & Net Interest Margin Return on Assets(3) $246 $250 $258 $249 $233 0.82% 0.81% 0.78% Net Interest Income 3.06% 0.72% ROA 3.00% 2.99% 0.78% 2.93% 0.68% (1)(2) (3) 2.81% Adj. ROA NIM 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25
Slide 5: NIM and Net Interest Income Seasonality Trends
NIM and Net Interest Income Seasonality Trends NIM and Net Interest Income are seasonally lower in the first quarter of the year Net Interest Margin Seasonal Trends FY23 FY24 FY25 FY26 (0.07% ) (0.03% (0.19% ) 3.06% ) 2.99% (0.03% 2.81% ) 2.84% 2.81% 2.62% 2.60% 2.57% 4Q22 1Q23 4Q23 1Q24 4Q24 1Q25 4
Slide 6: Fourth Quarter Earnings Highlights
Fourth Quarter Earnings Highlights Change From ($ 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 $
Slide 7: Non-Interest Demand Deposit Balances Have Returned to COVID-Era Peak Levels
Non-Interest Demand Deposit Balances Have Returned to COVID-Era Peak Levels and Are Well-Positioned for Continued Growth ($ in millions) 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 $27,385 $27,677 $28,35
Slide 8: Core Loan Growth While Resi and Other Loan Balances Continue to Decline
Core Loan Growth While Resi and Other Loan Balances Continue to Decline ($ in millions) Loan Portfolio Over Time First Quarter 2026 Loan Attribution $75 $24,274 $77 $24,134 $23,990 $23,934 $24,274 $24,134 $23,702 ($144) ($127) ($21) $854 $722 $701 $844 $772 $728 $580 $627 $805 $709 $8,885 $8,686 $8,
Slide 9: High Quality Diversified CRE Portfolio
High Quality Diversified CRE Portfolio At March 31, 2026 ($ in millions) CRE Portfolio by Property Type CRE Portfolio by Geography Geographic Data by Property Type Office Industrial Office 20% 20% Multifamily Retail 30% 32% Hotel Other 7% Warehouse/Industrial 23% Construction NY Tri- $6.9 3% State 4
Slide 10: Commercial and Industrial Loans
Commercial and Industrial Loans(1) At March 31, 2026 ($ in millions) Diverse Industry Exposure Geographic Distribution Finance and Insurance 16.2% Health Care 8.8% 16% Utilities 8.3% FL 28% Wholesale Trade 8.1% NY Tri State $8.9 Manufacturing 7.8% 19% billion GA, TX, NC Construction 7.3% Other Educa
Slide 11: Drivers of Change in the ACL
Drivers of Change in the ACL ($ in millions) Assumption Increase Risk Change in Portfolio Net and in Specific Rating Qualitative Changes Charge- Modeling Economic Reserves Migration Overlay and Other Offs Updates Forecast $8.3 $22.1 $1.9 $219.8 ($3.0) $208.8 ($36.1) ($3.9) ($0.3) Some Portfolio Curr
Slide 12: Allocation of the ACL
Allocation of the ACL ($ in millions) Allowance for Credit Losses $219.7 $222.7 $219.9 $219.8 $208.8 Office Portfolio ACL at 1Q26 was 1.69% 0.92% 0.93% 0.93% 0.91% 0.87% ACL ACL Ratio Net Charge-Offs, Trailing 12 months was 0.37% 1Q25 2Q25 3Q25 4Q25 1Q26 Net Charge-Offs Composition of ACL at March 3
Slide 13: Non-Performing Metrics
Non-Performing Metrics ($ 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 1.08% 1.42% 1.43% 1.38% 1.14% 0.76% 0.98% 0.99% 0.97% 0.79% Guaranteed Portion of SBA Non-Guaranteed Portion of SBA 0.9
Slide 14: Criticized and Classified Loans Trend
Criticized and Classified Loans Trend ($ in millions) Special Mention Substandard Accruing $193 $941 $175 $177 $297 $725 $715 $130 $137 $658 $122 $604 $93 $110 $210 $198 $41 $187 $82 $192 $644 $89 $515 $517 $471 $71 $82 $67 $412 $55 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 Commercial Real E
Slide 15: Appendix
@ & BankUnited Appendix
Slide 16: Loans to Non-Depository Financial Institutions (NDFI)
Loans to Non-Depository Financial Institutions (NDFI) NDFI Portfolio Characteristics NDFI Portfolio Distribution ($ in millions) $1.4B NDFI Exposure vs $1.5B in 4Q25 “Other” includes REITs, B2C, Private Equity B2B Funds, Insurance $265 Carriers and Investment 6% of total loans; 8% of Services commer
Slide 17: Allocation of the ACL
Allocation of the ACL 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
Slide 18: Residential Portfolio Overview
Residential Portfolio Overview Residential Loan Product Type FICO Distribution(1) 1% 13% 30 Yr Fixed 10% >759 15 & 20 Year Fixed 34% 14% 10/1 ARM High quality residential 27% 720-759 5/1 & 7/1 ARM portfolio consists Formerly Covered primarily of high FICO, <720 or NA 76% Govt Insured 12% low LTV, pr
Slide 19: High Quality, Short-Duration Securities Portfolio
High Quality, Short-Duration Securities Portfolio December 31, 2025 March 31, 2026 No expected credit losses on AFS Net Net securities Unrealized Fair Unrealized Fair Portfolio Loss Value Loss Value US Government and Agency ($51) $3,424 ($51) $3,457 Private label RMBS and CMOs (193) 2,491 (195) 2,51
Slide 20: 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