Bankunited, Inc. · NYSE:BKU
Bankunited — Q4 2025 Earnings Presentation
21 slides from Bankunited's earnings presentation, Jan 21, 2026
Slide 1: 4Q 2025 Financial Results
4Q 2025 - Financial Results January 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 and
Slide 3: Executing On and Delivering Shareholder Value
Executing On and Delivering Shareholder Value • Our organic growth strategy, coupled with operational discipline, continues to deliver improved profitability • Given the continued momentum, the Board has decided on the following capital actions: ◦ Increase the quarterly dividend $0.02 to $0.33 per s
Slide 4: Key Profitability Metrics Are Steadily Improving
Key Profitability Metrics Are Steadily Improving ($ in millions) Net Interest Income & Net Interest Margin Return on Assets(3) $246 $250 $258 $239 $233 0.82% 0.81% 0.78% 0.78% 3.06% ROA Net Interest Income 3.00% 0.78% 2.93% 0.68% (3) 2.84% 2.81% Adj. ROA (1)(2) NIM 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25
Slide 5: Fourth Quarter Earnings Highlights
Fourth Quarter Earnings Highlights Change From ($ in millions, except per share data) 4Q24 3Q25 4Q25 4Q24 3Q25 Income Statement Net Interest Income $239 $250 $258 $19 $8 Provision for Credit Losses $11 $12 $26 $15 $14 Total Non-Interest Income $25 $26 $30 $5 $4 Total Non-Interest Expense $160 $166 $
Slide 6: 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 up $505 million Q-o-Q; $1.2 billion for the 12 months $27,595 $27,385 $27,677 $27
Slide 7: Core Loan Growth While Resi and Other Loan Balances Continue to Decline
Core Loan Growth While Resi and Other Loan Balances Continue to Decline ($ in millions) Loan Portfolio Over Time Fourth Quarter 2025 Loan Attribution $24,298 $24,274 $474 $19 $23,990 $23,934 $23,702 $24,274 $935 $854 $722 $844 $772 $728 $277 ($148) ($50) $586 $580 $627 $709 $23,702 $8,982 $8,885 $8,
Slide 8: High Quality Diversified CRE Portfolio
High Quality Diversified CRE Portfolio At December 31, 2025 ($ in millions) CRE Portfolio by Property Type CRE Portfolio by Geography Geographic Data by Property Type Office Industrial Office 21% 20% Multifamily Retail 34% 30% Hotel Other 7% Warehouse/Industrial 23% Construction NY Tri- $6.8 State 4
Slide 9: Commercial and Industrial Loans
Commercial and Industrial Loans(1) At December 31, 2025 ($ in millions) Diverse Industry Exposure Geographic Distribution Finance and Insurance 16.3% Health Care 8.8% 17% Manufacturing 7.8% FL 28% Wholesale Trade 7.8% NY Tri State $9.0 Utilities 7.7% 20% billion GA, TX, NC Educational Services 7.3%
Slide 10: Drivers of Change in the ACL
Drivers of Change in the ACL ($ in millions) Increase in Change in Portfolio Specific Risk Rating Qualitative Changes and Net Charge- Economic Reserves Migration Overlay Other Offs Forecast $32.1 $1.5 $219.9 ($6.9) ($1.5) $219.8 ($24.9) ($0.4) Primarily related Some elements Portfolio Primarily rela
Slide 11: Allocation of the ACL
Allocation of the ACL ($ in millions) Allowance for Credit Losses $223.2 $219.7 $222.7 $219.9 $219.8 0.92% 0.92% 0.93% 0.93% 0.91% Office Portfolio ACL at 4Q25 was 2.03% ACL ACL Ratio 4Q24 1Q25 2Q25 3Q25 4Q25 Net Charge-Offs(1) Composition of ACL at December 31, 2025 $24.9 Balance % of Loans $19.4 C
Slide 12: Non-Performing Metrics
Non-Performing Metrics ($ 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% Guaranteed Portion of SBA Non-Guaranteed Portion of SBA 1.03% 1.08% 1.38% 0.73% 0.76% 0.98% 0.99% 0.97% 0.9
Slide 13: Criticized and Classified Loans Trend
Criticized and Classified Loans Trend ($ in millions) Special Mention Substandard Accruing $263 $941 $878 $193 $297 $725 $715 $175 $249 $658 $204 $137 $210 $198 $130 $187 $122 $93 $41 $82 $629 $644 $515 $517 $471 $71 $89 $82 $59 $55 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25 Commercial Real E
Slide 14: 2025 Guidance vs Actual Results
2025 Guidance vs Actual Results Met or exceeded the majority of 2025 earning guidance metrics provided in January 2025 Actual Metric Guidance Results Net Interest Income Grow mid to high single digits 8% Net Interest Margin 3.00% by late 2025 3.06 % Total Deposits Mid-single digits 5% Non-Interest D
Slide 15: 2026 Guidance
2026 Guidance Strategic Priorities Metric 2025 Actual 2026 Plan • Organic growth in our core commercial businesses, led by deposits / payment 5% 6% Core products Loans (10)% (8)% Resi/Other • Continue to de-emphasize / shrink residential mortgage portfolio —% 2% Total • Focus on business segments wh
Slide 16: Appendix
@ & BankUnited Appendix
Slide 17: Loans to Non-Depository Financial Institutions (NDFI)
Loans to Non-Depository Financial Institutions (NDFI) NDFI Portfolio Characteristics NDFI Portfolio Distribution ($ in millions) $1.5B NDFI Exposure vs “Other” includes REITs, $1.3B in 3Q25 B2C, Private Equity Funds, Insurance Carriers and Investment Other 6% of total loans; 9% of Services $433 B2B
Slide 18: Allocation of the ACL
Allocation of the ACL December 31, 2024 September 30, 2025 December 31, 2025 Balance % of Loans Balance % of Loans Balance % of Loans Commercial: Commercial real estate $70.5 1.13 % $62.3 0.95 % $58.3 0.86 % Commercial and industrial 138.0 1.54 % 142.9 1.67 % 148.6 1.65 % Franchise and equipment fin
Slide 19: Residential Portfolio Overview
Residential Portfolio Overview Residential Loan Product Type FICO Distribution(1) 1% 30 Yr Fixed 13% 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, Govt Insured 12% <720 or NA 76% low LTV, pr
Slide 20: High Quality, Short-Duration Securities Portfolio
High Quality, Short-Duration Securities Portfolio December 31, 2024 September 30, 2025 December 31, 2025 No expected credit losses on AFS Net Net Net Unrealized Fair Unrealized Fair Unrealized Fair securities Portfolio Loss Value Loss Value Loss Value US Government and Agency ($99) $3,421 ($57) $3,4
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