BankUnited, Inc. (Form: 8-K, Received: 04/22/2026 06:46:35)

0001504008false00015040082026-04-222026-04-220001504008exch:XNYS2026-04-222026-04-22

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 22, 2026

(Exact name of registrant as specified in its charter)

Delaware

001-35039

27-0162450

(State of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

14817 Oak Lane,

Miami Lakes,

33016

(Address of principal executive offices)

(Zip Code)

(Registrant’s telephone number, including area code): (305) 569-2000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Class

Trading Symbol

Name of Exchange on Which Registered

Common Stock, $0.01 Par Value

BKU

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Item 2.02 Results of Operations and Financial Condition.

On April 22, 2026, BankUnited, Inc. (the “Company”) reported its results for the quarter ended March 31, 2026. A copy of the Company’s press release containing this information and slides containing supplemental information related to this release are being furnished as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.




Exhibit Number	Description

99.1	Press release dated	April 22, 2026
99.2	Supplemental information relating to the press release dated	April 22, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.




Dated:	April 22, 2026	BANKUNITED, INC.

		/s/ James G. Mackey
		Name:	James G. Mackey
		Title:	Chief Financial Officer




Exhibit Number	Description

99.1	Press release dated	April 22, 2026
99.2	Supplemental information relating to the press release dated	April 22, 2026

BankUnited, Inc. Reports 1Q 2026 Net Income of $62 million, $0.83 Diluted EPS

Chairman, President and Chief Executive Officer Rajinder Singh commented, "Despite a seasonally slow quarter, we continue to gather market share and position the Company for improved profitability and growth."


First Quarter Financial Highlights


	Quarter Ended									Change From
($ in millions except per share data)	March 31, 2026			December 31, 2025			March 31, 2025			December 31, 2025			March 31, 2025
Net income	$	61.9		$	69.3		$	58.5		$	(7.4)		$	3.4
Diluted EPS	$	0.83		$	0.90		$	0.78		$	(0.07)		$	0.05
PPNR1	$	106.3		$	115.4		$	95.2		$	(9.1)		$	11.1


ROA2	0.72		%	0.78		%	0.68		%	(0.06)		%	0.04		%
ROE2	8.1		%	8.9		%	8.2		%	(0.8)		%	(0.1)		%
Net interest margin2	2.99		%	3.06		%	2.81		%	(0.07)		%	0.18		%

•Total Deposits excluding brokered: up $1.4 billion from a year ago, and up $277 million from prior quarter.

◦Up $875 million, or 11%, from a year ago.

◦Down $166 million from prior quarter, primarily due to seasonality.

◦Represents 30% of total deposits at March 31, 2026.

◦Core loans: Up $906 million from a year ago and $9 million from prior quarter.

◦Total loans up $145 million from a year ago.

◦Total loans down $139 million from prior quarter primarily due to seasonally low commercial volume and continued runoff of non-core loans.

•Criticized and classified loans:

◦Down $333 million, or 24%, from a year ago; NPLs up $15 million, or 6%.

◦Down $146 million, or 12%, from the prior quarter; NPLs down $98 million, or 26%.

◦ACL to NPLs coverage ratio increased to 75.90% in Q1 from 58.99% in the prior quarter.

•Share repurchases: Approximately 1.3 million shares repurchased in Q1 for $60.0 million.

Notable items that impacted results:

The following table presents notable items, on a pre-tax basis, that impacted results for the periods presented (in thousands):


	Quarter Ended
	March 31, 2026		December 31, 2025
Compensation-related items	$	(5,358)	$	—
Release of FDIC Special Assessment accrual	6,669		—
Write-off of previously capitalized software	—		(3,770)
	$	1,311	$	(3,770)

(1) Represents a non-GAAP measure. See "Non-GAAP Financial Measures" section for a reconciliation of non-GAAP financial measures to GAAP financial measures.

(2) Annualized for the three months ended.

Net Interest Income & Margin

NIM

Net Interest Income

q 7 bps from prior quarter

p 18 bps from 1Q 2025

q $9.2 million from prior quarter

p $15.8 million or 7% from 1Q 2025

•NIM and net interest income are typically seasonally lower in the first quarter of the year; however NIM was up 18 bps and net interest income was up $16 million compared to Q1 2025.

•NIM and net interest income were down compared to prior quarter primarily due to:

◦Variable rate assets repriced faster than continued improvement in funding cost and funding mix dynamics — Asset yields were further impacted by lower SOFR/Fed funds basis.

◦Seasonal decline in NIDDA throughout the quarter increased reliance on higher‑cost wholesale funding, including brokered deposits.

Non-Interest Income and Non-Interest Expense

The following table summarizes non-interest income and non-interest expense for the periods presented (in millions):


	Quarter Ended						Change From
	March 31, 2026		December 31, 2025		March 31, 2025		December 31, 2025		March 31, 2025
Non-interest income	$	24.7	$	30.0	$	22.3	$	(5.3)	$	2.4
Non-interest expense	$	167.4	$	172.8	$	160.2	$	(5.4)	$	7.2

•Non-interest income declined from prior quarter, primarily reflecting lower capital markets revenue.

•Non-interest income increased compared to Q1 2025, primarily as a result of a $3.3 million gain on sale of investment securities in Q1 2026.

•Non-interest expense was largely flat quarter over quarter when adjusted for the notable items summarized on Page 1.

•Non-interest expense increased compared to Q1 2025, primarily due to higher employee compensation and benefits.


Balance Sheet Highlights

•Total Assets were $35.4 billion at March 31, 2026.

•The balance sheet reflected an improved funding mix and ample liquidity.

•Non-brokered deposits increased from both prior quarter and a year ago, supporting reduction in higher-cost wholesale funding.

•Wholesale funding declined from both prior quarter and a year ago, reflecting continued balance-sheet repositioning.

•NIDDA represented 30% of total deposits at March 31, 2026.

•Loan balances remained stable overall, with growth in selected commercial portfolios offset by continued reductions in residential balances.

Loan portfolio composition at the dates indicated follows (dollars in thousands):


	March 31, 2026				December 31, 2025
Core loan segments:

Non-owner occupied commercial real estate	$	6,146,307	25.5	%		$	6,105,207	25.2	%
Construction and land	740,104		3.1	%		705,664		2.9	%
Owner occupied commercial real estate	2,023,527		8.4	%		2,020,572		8.3	%
Commercial and industrial	6,862,405		28.3	%		7,008,903		28.8	%
Mortgage warehouse lending ("MWL")	805,037		3.3	%		728,241		3.0	%
	16,577,380		68.6	%		16,568,587		68.2	%
Franchise and equipment finance	84,709		0.4	%		102,746		0.4	%
Pinnacle - municipal finance	616,486		2.6	%		619,374		2.6	%
Residential	6,856,354		28.4	%		6,983,000		28.8	%
	$	24,134,929	100.0	%		$	24,273,707	100.0	%

•Loan balances during the quarter reflected modest commercial activity, consistent with typical first-quarter seasonality.

•CRE and MWL increased by $76 million and $77 million, respectively, during the quarter, reflecting activity across selected lending segments.

•C&I declined by $144 million reflecting seasonal patterns, as commercial production is typically lower in the first quarter.

•Residential loan balances continued to decline, consistent with balance-sheet strategy.

•Compared to a year ago, the loan portfolio continued to reflect a shift toward commercial lending, driven by a $906 million increase in core commercial loan balances and lower residential balances.

Deposits & Borrowings

•The Company's funding profile continued to improve during the quarter, driven by growth in non-brokered deposits and reduction in wholesale funding.

•Non-brokered deposits increased $277 million from prior quarter and $1.4 billion from a year ago.

•Wholesale Funding declined by $70 million from prior quarter and $749 million from a year ago.

•NIDDA Represents 30% of total deposits at March 31, 2026.

•NIDDA declined from the prior quarter, however, balances were significantly higher compared to a year ago, supporting continued improvement in the Company's funding profile.

•Deposit pricing continued to improve, contributing to lower funding costs.

◦Average Cost of Deposits: Declined 0.06% to 2.12%; spot APY fell to 2.09% from 2.10% for the prior quarter.

Credit quality & Allowance for credit losses

Credit quality metrics improved during Q1, as non-performing loans and criticized and classified loans declined from the prior quarter. Annualized net charge offs were elevated, attributable to two loans in unrelated industries and geographies.

•Criticized and Classified Loans: Declined $146 million, or 12%, in Q1,

•Non-Performing Loans: Down $98 million, or 26%, from prior quarter,

•NPA Ratio: 0.79%, including 0.10% related to guaranteed portion of SBA loans, down from 1.08%, including 0.11% related to SBA, in prior quarter.

•Net Charge-offs for the trailing twelve months: 0.37% for Q1, from 0.30% from the prior quarter.

The following table provides a breakdown of criticized and classified loans for the periods indicated (in thousands):


	March 31, 2026				December 31, 2025
	CRE		Total Commercial			CRE		Total Commercial
Special mention	$	67,396	$	177,859		$	82,147	$	175,009
Substandard - accruing	418,033		622,436			474,592		674,368
Substandard - non-accruing	74,584		211,293			108,959		300,903
Doubtful	903		40,758			—		48,247
Total	$	560,916	$	1,052,346		$	665,698	$	1,198,527

Allowance & Provision

Allowance levels and coverage remained appropriate during the periods presented, with changes reflecting net charge-offs, higher specific reserves, and improved asset quality. The following tables summarize the ACL, key coverage metrics, and changes across the periods presented (dollars in thousands):


	ACL		ACL to Total Loans		Commercial ACL to Commercial Loans1		ACL to Non-Performing Loans		Net Charge-offs to Average Loans2
March 31, 2026	$	208,790	0.87	%	1.25	%	75.90	%	0.61	%

December 31, 2025	$	219,825	0.91	%	1.30	%	58.99	%	0.30	%


	Quarter Ended
	March 31, 2026		December 31, 2025		March 31, 2025
Beginning balance	$	219,825	$	219,884	$	223,153


Provision	25,103		24,843		15,963
Net charge-offs	(36,138)		(24,902)		(19,369)
Ending balance	$	208,790	$	219,825	$	219,747

•The provision for credit losses totaled $24.6 million for the quarter, compared to $25.6 million for the prior quarter and $15.1 million for Q1 2025.

•The most significant factor impacting the provision during the quarter was an increase in specific reserves, primarily related to two C&I loans in unrelated industries.

•Net charge-offs also impacted the allowance, resulting in lower ACL balances compared to the prior quarter.

•While the ACL to total loans ratio declined modestly from the prior quarter, the ACL to non-performing loans coverage ratio increased to 75.90%, reflecting lower non-performing loan balances.

(1) For purposes of this ratio, commercial loans includes the core C&I and CRE sub-segments as presented in the table above as well as franchise and equipment finance. Due to their unique risk profiles, MWL and municipal finance are excluded from this ratio.

(2) Annualized for the three months ended March 31, 2026; ratio for December 31, 2025 represent annual net charge-off rate.

Capital, Liquidity & shareholder returns

Strong capital levels have created an ability to increase capital returns to shareholders

•CET1: 12.2%, down 10 bps from prior quarter.

•AOCI declined by $13.5 million from prior quarter primarily due to an increase in unrealized losses on investment securities available for sale.

•Tangible Common Equity Ratio: 8.3%, down from Q4 2025, but up from Q1 2025.

•Tangible Book Value per Share: $40.051, representing 7% year-over-year growth.

•Share Repurchases: Approximately 1.3 million shares repurchased in Q1 for $60.0 million, at an average price of $46.15.

•The Company's Board of Directors authorized the following capital actions:

◦An increase of $0.02 per share in the Company's common stock dividends to $0.33 per common share, a 6% increase from the Company's previous level of $0.31 per share.

Earnings Conference Call and Presentation

A conference call to discuss quarterly results will be held at 9:00 a.m. ET on Wednesday, April 22, 2026 with Chairman, President and Chief Executive Officer Rajinder P. Singh, Chief Financial Officer James G. Mackey and Chief Operating Officer Thomas M. Cornish.

The earnings release and slides with supplemental information relating to the release will be available on the Investor Relations page under About Us on www.bankunited.com prior to the call. Due to recent demand for conference call services, participants are encouraged to listen to the call via a live Internet webcast at https://ir.bankunited.com. To participate by telephone, participants will receive dial-in information and a unique PIN number upon completion of registration at https://dpregister.com/sreg/10207389/10388909cc4. For those unable to join the live event, an archived webcast will be available on the Investor Relations page at https://ir.bankunited.com approximately two hours following the live webcast.

About BankUnited, Inc.

BankUnited, Inc., with total assets of $35.4 billion at March 31, 2026, is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida, with operations in Florida, New York, Dallas, Atlanta, Morristown, New Jersey, and Charlotte, North Carolina. BankUnited provides a full range of consumer and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions, and offers certain commercial lending and deposit products through national platforms. For additional information, call (877) 779-2265 or visit www.BankUnited.com. BankUnited can be found on Facebook at facebook.com/BankUnited.official, LinkedIn @BankUnited and on X @BankUnited.

(1) Represents a non-GAAP measure. See "Non-GAAP Financial Measures" section for a reconciliation of non-GAAP financial measures to GAAP financial measures.

Forward-Looking Statements

This press release 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 stock repurchases. The Company generally identifies forward-looking statements by terminology such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “could,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” "forecasts" or the negative version of those words or other comparable words. Any forward-looking statements contained in this press release are based on the historical performance of the Company and its subsidiaries or on the Company’s current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the Company that the future plans, estimates or expectations contemplated by the Company will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions, including (without limitation) those relating to the Company’s operations, financial results, financial condition, business prospects, growth strategy and liquidity, including as impacted by external circumstances outside the Company's direct control, such as but not limited to adverse events or conditions impacting the financial services industry. If one or more of these or other risks or uncertainties materialize, or if the Company’s underlying assumptions prove to be incorrect, the Company’s actual results may vary materially from those indicated in these statements. These factors should not be construed as exhaustive. The Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements. Information on these factors can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are available at the SEC’s website (www.sec.gov).

James G. Mackey, 305-231-6793

Source: BankUnited, Inc.

BANKUNITED, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS - UNAUDITED

(In thousands, except share and per share data)


	March 31, 2026		December 31, 2025
ASSETS
Cash and due from banks:
Non-interest bearing	$	13,336	$	11,511
Interest bearing	371,605		206,273
Cash and cash equivalents	384,941		217,784
Investment securities	9,505,168		9,263,651
Non-marketable equity securities	149,590		140,684

Loans	24,134,929		24,273,707
Allowance for credit losses	(208,790)		(219,825)
Loans, net	23,926,139		24,053,882
Bank owned life insurance	314,165		305,313
Operating lease equipment, net	150,214		171,371

Goodwill	77,637		77,637
Other assets	850,759		809,129
Total assets	$	35,358,613	$	35,039,451

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Demand deposits:
Non-interest bearing	$	8,943,844	$	9,109,984
Interest bearing	6,449,405		6,189,534
Savings and money market	9,939,985		10,164,703
Time	4,026,866		3,888,684
Total deposits	29,360,100		29,352,905

FHLB advances	1,755,000		1,555,000
Notes and other borrowings	319,340		319,740
Other liabilities	908,636		757,977
Total liabilities	32,343,076		31,985,622

Commitments and contingencies

Stockholders' equity:
Common stock, par value $0.01 per share, 400,000,000 shares authorized; 73,354,206 and 74,138,066 shares issued and outstanding	734		741
Paid-in capital	209,270		271,695
Retained earnings	3,008,613		2,970,988
Accumulated other comprehensive loss	(203,080)		(189,595)
Total stockholders' equity	3,015,537		3,053,829
Total liabilities and stockholders' equity	$	35,358,613	$	35,039,451

BANKUNITED, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED

(In thousands, except per share data)


	Three Months Ended
	March 31, 2026		December 31, 2025		March 31, 2025

Interest income:
Loans	$	310,162	$	317,539	$	321,384
Investment securities	106,230		117,878		113,869
Other	5,794		6,986		8,436
Total interest income	422,186		442,403		443,689
Interest expense:
Deposits	148,694		155,875		174,210
Borrowings	24,505		28,318		36,340
Total interest expense	173,199		184,193		210,550
Net interest income before provision for credit losses	248,987		258,210		233,139
Provision for credit losses	24,586		25,554		15,111
Net interest income after provision for credit losses	224,401		232,656		218,028
Non-interest income:
Deposit service charges and fees	6,219		5,787		5,235

Gain on investment securities, net	3,290		1,058		944
Lease financing	3,347		4,662		4,313
Capital markets income	3,684		9,512		4,795
Other non-interest income	8,160		8,974		6,983
Total non-interest income	24,700		29,993		22,270
Non-interest expense:
Employee compensation and benefits	96,689		89,952		82,746
Occupancy and equipment	11,002		10,749		11,343
Deposit insurance expense	(1,026)		6,391		7,227

Technology	22,415		20,430		22,780
Depreciation of operating lease equipment	3,366		4,068		4,009
Other non-interest expense	34,917		41,221		32,121
Total non-interest expense	167,363		172,811		160,226
Income before income taxes	81,738		89,838		80,072
Provision for income taxes	19,863		20,578		21,596
Net income	$	61,875	$	69,260	$	58,476
Earnings per common share, basic	$	0.83	$	0.91	$	0.78
Earnings per common share, diluted	$	0.83	$	0.90	$	0.78

BANKUNITED, INC. AND SUBSIDIARIES

AVERAGE BALANCES AND YIELDS

(Dollars in thousands)


	Three Months Ended March 31,						Three Months Ended December 31,						Three Months Ended March 31,
	2026						2025						2025
	Average Balance		Interest 1		Yield/ Rate 1,2		Average Balance		Interest 1		Yield/ Rate 1,2		Average Balance		Interest 1		Yield/ Rate 1,2
Assets:
Interest earning assets:


Loans	$	23,835,417	$	312,812	5.31	%	$	23,697,215	$	320,252	5.37	%	$	23,933,938	$	324,113	5.48	%
Investment securities3	9,471,480		106,953		4.55	%	9,583,958		118,573		4.93	%	9,104,228		114,590		5.07	%
Other interest earning assets	672,001		5,794		3.49	%	737,306		6,986		3.76	%	788,547		8,436		4.33	%
Total interest earning assets	33,978,898		425,559		5.06	%	34,018,479		445,811		5.21	%	33,826,713		447,139		5.34	%
Allowance for credit losses	(218,808)						(222,451)						(228,158)
Non-interest earning assets	1,328,791						1,389,731						1,376,904
Total assets	$	35,088,881					$	35,185,759					$	34,975,459
Liabilities and Stockholders' Equity:
Interest bearing liabilities:
Interest bearing demand deposits	$	6,033,099	$	43,294	2.91	%	$	6,072,259	$	48,032	3.14	%	$	4,811,826	$	39,893	3.36	%
Savings and money market deposits	10,245,692		73,278		2.90	%	10,123,959		77,378		3.03	%	10,833,734		91,779		3.44	%
Time deposits	3,751,256		32,122		3.48	%	3,449,304		30,465		3.50	%	4,326,750		42,538		3.99	%
Total interest bearing deposits	20,030,047		148,694		3.01	%	19,645,522		155,875		3.15	%	19,972,310		174,210		3.54	%

FHLB advances	2,193,944		19,897		3.68	%	2,486,250		24,065		3.84	%	2,991,389		27,206		3.69	%
Notes and other borrowings	366,487		4,608		5.03	%	328,322		4,253		5.18	%	709,037		9,134		5.15	%
Total interest bearing liabilities	22,590,478		173,199		3.11	%	22,460,094		184,193		3.26	%	23,672,736		210,550		3.61	%
Non-interest bearing demand deposits	8,463,491						8,708,397						7,413,117
Other non-interest bearing liabilities	930,784						922,581						1,004,917
Total liabilities	31,984,753						32,091,072						32,090,770
Stockholders' equity	3,104,128						3,094,687						2,884,689
Total liabilities and stockholders' equity	$	35,088,881					$	35,185,759					$	34,975,459
Net interest income			$	252,360					$	261,618					$	236,589
Interest rate spread					1.95	%					1.95	%					1.73	%
Net interest margin					2.99	%					3.06	%					2.81	%

(1) On a tax-equivalent basis where applicable

BANKUNITED, INC. AND SUBSIDIARIES

EARNINGS PER COMMON SHARE

(In thousands except share and per share amounts)


	Three Months Ended
c	March 31, 2026		December 31, 2025		March 31, 2025
Basic earnings per common share:
Numerator:
Net income	$	61,875	$	69,260	$	58,476
Distributed and undistributed earnings allocated to participating securities	(911)		(2,311)		(821)
Income allocated to common stockholders for basic earnings per common share	$	60,964	$	66,949	$	57,655
Denominator:
Weighted average common shares outstanding	74,518,354		74,789,191		74,918,750
Less average unvested stock awards	(1,138,483)		(1,119,854)		(1,101,408)
Weighted average shares for basic earnings per common share	73,379,871		73,669,337		73,817,342
Basic earnings per common share	$	0.83	$	0.91	$	0.78
Diluted earnings per common share:
Numerator:
Income allocated to common stockholders for basic earnings per common share	$	60,964	$	66,949	$	57,655
Adjustment for earnings reallocated from participating securities	4		(229)		4
Income used in calculating diluted earnings per common share	$	60,968	$	66,720	$	57,659
Denominator:
Weighted average shares for basic earnings per common share	73,379,871		73,669,337		73,817,342
Dilutive effect of certain share-based awards	511,677		436,863		562,488
Weighted average shares for diluted earnings per common share	73,891,548		74,106,200		74,379,830
Diluted earnings per common share	$	0.83	$	0.90	$	0.78

BANKUNITED, INC. AND SUBSIDIARIES


	At or for the Three Months Ended
	March 31, 2026			December 31, 2025			March 31, 2025
Financial ratios 1
Return on average assets	0.72		%	0.78		%	0.68		%

Return on average stockholders’ equity	8.1		%	8.9		%	8.2		%
Net interest margin 2	2.99		%	3.06		%	2.81		%
Loans to deposits	82.3		%	82.7		%	85.5		%
Tangible book value per common share	$	40.05		$	40.14		$	37.48


	March 31, 2026		December 31, 2025

Asset quality ratios
Non-performing loans to total loans 3,4	1.14	%	1.54	%
Non-performing assets to total assets 4,5	0.79	%	1.08	%
ACL to total loans	0.87	%	0.91	%
Commercial ACL to commercial loans 6	1.25	%	1.30	%
ACL to non-performing loans 3,4	75.90	%	58.99	%

Net charge-offs to average loans 7	0.61	%	0.30	%


	March 31, 2026				December 31, 2025			Required to be Considered Well Capitalized
	BankUnited, Inc.		BankUnited, N.A.			BankUnited, Inc.				BankUnited, N.A.
Capital ratios
Tier 1 leverage	8.9	%	9.4	%		8.9	%	9.3	%		5.0	%
Common Equity Tier 1 ("CET1") risk-based capital	12.2	%	12.9	%		12.3	%	12.7	%		6.5	%


Total risk-based capital	14.0	%	13.7	%		14.1	%	13.6	%		10.0	%
Tangible Common Equity/Tangible Assets	8.3	%	N/A			8.5	%	N/A			N/A

(1) Annualized for the three month periods as applicable.

(2) On a tax-equivalent basis.

(3) We define non-performing loans to include non-accrual loans and loans other than purchased credit deteriorated and government insured residential loans that are past due 90 days or more and still accruing. Contractually delinquent purchased credit deteriorated and government insured residential loans on which interest continues to be accrued are excluded from non-performing loans.

(4) Non-performing loans and assets include the guaranteed portion of non-accrual SBA loans totaling $33.8 million or 0.14% of total loans and 0.10% of total assets at March 31, 2026 and $37.9 million or 0.16% of total loans and 0.11% of total assets at December 31, 2025.

(5) Non-performing assets include non-performing loans, OREO and other repossessed assets.

(6) For purposes of this ratio, commercial loans includes the C&I and CRE sub-segments, as well as franchise and equipment finance. Due to their unique risk profiles, MWL and municipal finance are excluded from this ratio.

(7) Annualized for the three months ended March 31, 2026; ratio for December 31, 2025 represents annual net charge-off rate.

Non-GAAP Financial Measures

Tangible book value per common share is a non-GAAP financial measure. Management believes this measure is relevant to understanding the capital position and performance of the Company. Disclosure of this non-GAAP financial measure also provides a meaningful basis for comparison to other financial institutions as it is a metric commonly used in the banking industry.

PPNR is a non-GAAP financial measure. Management believes this measure is relevant to understanding the performance of the Company attributable to elements other than the provision for credit losses and the ability of the Company to generate earnings sufficient to cover estimated credit losses. This measure also provides a meaningful basis for comparison to other financial institutions since it is commonly employed and is a measure frequently cited by investors and analysts.

The following tables reconciles these non-GAAP financial measurement to the comparable GAAP financial measurements at the dates and for the periods indicated (in thousands except share and per share data):


	March 31, 2026		December 31, 2025		March 31, 2025
Total stockholders’ equity	$	3,015,537	$	3,053,829	$	2,897,582
Less: goodwill and other intangible assets	77,637		77,637		77,637
Tangible stockholders’ equity	$	2,937,900	$	2,976,192	$	2,819,945

Common shares issued and outstanding	73,354,206		74,138,066		75,242,048

Book value per common share	$	41.11	$	41.19	$	38.51

Tangible book value per common share	$	40.05	$	40.14	$	37.48


	Quarter Ended
	March 31, 2026		December 31, 2025		March 31, 2025
Pre-Provision Net Revenue ("PPNR")
Income before income taxes	$	81,738	$	89,838	$	80,072
Provision for credit losses	24,586		25,554		15,111
PPNR	$	106,324	$	115,392	$	95,183

1Q 2026 - Financial Results April 22, 2026 Exhibit 99.2

Forward-Looking Statements 2 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 financial performance, dividend payments and stock repurchases. The Company generally identifies forward-looking statements by terminology such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “could,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” "forecasts" or the negative version of those words or other comparable words. Any forward-looking statements contained in this presentation are based on the historical performance of the Company and its subsidiaries or on the Company’s current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the Company that the future plans, estimates or expectations contemplated by the Company will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions, including (without limitation) those relating to the Company’s operations, financial results, financial condition, business prospects, growth strategy and liquidity, including as impacted by external circumstances outside the Company's direct control, such as but not limited to adverse events or conditions impacting the financial services industry. If one or more of these or other risks or uncertainties materialize, or if the Company’s underlying assumptions prove to be incorrect, the Company’s actual results may vary materially from those indicated in these statements. These factors should not be construed as exhaustive. The Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements. Information on these factors can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are available at the SEC’s website (www.sec.gov).

Executing On and Delivering Shareholder Value 3 • Total deposits excluding brokered up $1.4 billion vs a year ago, and up $277 million vs prior quarter • NIDDA represented 30% of total deposits; down $166 million vs prior quarter but up $875 million, or 11%, vs a year ago • Core loans(2) up $906 million vs prior year; residential and other down $761 million vs prior year, consistent with balance sheet strategy • Credit improvement: Criticized & classified loans down $146 million, or 12%, vs prior quarter and NPLs down $98 million, or 26%, vs prior quarter; ACL/NPL coverage increased to 75.90%. • 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 ago • Provision for credit losses of $24.6 million, reflecting increases in specific reserves on two unrelated loans amid improving overall asset quality Financial Performance Funding and Asset Mix (1) Represent a non-GAAP measure. See appendix for a reconciliation of non-GAAP financial measures to GAAP financial measures. (2) Core Loans include CRE, C&I and Mortgage Warehouse Lending. Capital • CET1 ratio of 12.2% • Tangible book value per share of $40.05(1), up 7% vs prior year • Returned $60.0 million to share holders through repurchase of approximately 1.3 million shares • Increased dividends by $0.02, or 6%, to $0.33 per common share from $0.31 per common share.

Key Profitability Metrics Are Steadily Improving ($ in millions) 4 $58 $69 $72 $72 $62$69 Net Income Adj. Net Income 1Q25 2Q25 3Q25 4Q25 1Q26 8.2% 9.4% 9.5% 9.2% 8.1%8.9% ROE Adj. ROE 1Q25 2Q25 3Q25 4Q25 1Q26 $233 $246 $250 $258 $249 2.81% 2.93% 3.00% 3.06% 2.99%Net Interest Income NIM 1Q25 2Q25 3Q25 4Q25 1Q26 0.68% 0.78% 0.82% 0.81% 0.72%0.78% ROA Adj. ROA 1Q25 2Q25 3Q25 4Q25 1Q26 Net Interest Income & Net Interest Margin Net Income Return on Assets(3) Return on Equity(3) $95 $110 $110 $119 $106$115 PPNR Adj. PPNR 1Q25 2Q25 3Q25 4Q25 1Q26 Pre-Provision Net Revenue(2) $0.78 $0.91 $0.95 $0.94 $0.83$0.90 EPS Adj. EPS 1Q25 2Q25 3Q25 4Q25 1Q26 EPS (1) Adjusted net income, ROA, ROE, and EPS are adjusted for the impact of write downs of previously capitalized software totaling $3.8 million before taxes. (2) Represents a non-GAAP measure. See appendix for a reconciliation of non-GAAP financial measures to GAAP financial measures. (3) Quarterly annualized ratios. (1)(2) (1)(2) (1)(2) (1)(2) (3)

2.81% 2.60% 2.84% 3.06% 2.62% 2.57% 2.81% 2.99% 4Q25 1Q264Q23 1Q241Q234Q22 NIM and Net Interest Income Seasonality Trends NIM and Net Interest Income are seasonally lower in the first quarter of the year $243.1 $217.2 $239.3 $258.2 $227.9 $214.9 $233.1 $249.0 Net Interest Margin Seasonal Trends Net Interest Income Seasonal Trends 4Q24 1Q25 4Q25 1Q264Q23 1Q241Q234Q22 4Q24 1Q25 5 (0.07%) (0.03%) (0.03%) (0.19%) FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26

Fourth Quarter Earnings Highlights 6 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 $173 $167 $7 ($6) Net Income $58 $69 $62 $4 ($7) EPS $0.78 $0.90 $0.83 $0.05 ($0.07) Net Interest Margin 2.81% 3.06% 2.99% 0.18% (0.07)% Balance Sheet Period-End Core Loans(1) $15,671 $16,569 $16,577 $906 $8 Period-End Loans $23,990 $24,274 $24,135 $145 ($139) Non-Interest DDA $8,069 $9,110 $8,944 $875 ($166) Period-End Deposits $28,058 $29,353 $29,360 $1,302 $7 Capital CET1 12.2% 12.3% 12.2% —% (0.1)% Total Risk-Based Capital 14.3% 14.1% 14.0% (0.3)% (0.1)% Asset Quality Non-Performing Assets to Total Assets(2) 0.76% 1.08% 0.79% 0.03% (0.29)% ACL to Total Loans 0.92% 0.91% 0.87% (0.05)% (0.04)% Commercial ACL to Commercial Loans(3) 1.34% 1.30% 1.25% (0.09)% (0.05)% (1) Core Loans include CRE, C&I and Mortgage Warehouse Lending. (2) Includes guaranteed portion of non-accrual SBA loans. (3) For purposes of this ratio, commercial loans includes the core C&I and CRE sub-segments as well as franchise and equipment finance. Due to their unique risk profiles, MWL and municipal finance are excluded from this ratio.

Non-Interest Demand Deposit Balances Have Returned to COVID-Era Peak Levels and Are Well-Positioned for Continued Growth ($ in millions) $4,424 $3,778 $3,447 $3,889 $4,027 $10,789 $10,171 $9,937 $10,165 $9,940 $4,776 $5,584 $6,609 $6,189 $6,449 $8,069 $9,113 $8,625 $9,110 $8,944 $28,058 $28,646 $28,618 $29,353 $29,360 2.52% 2.37% 2.31% 2.10% 2.09% Spot APY Non-Interest Demand Interest Demand Money Market / Savings Time 1Q25 2Q25 3Q25 4Q25 1Q26 7 $27,385 $27,677 $27,246 $28,354 $28,494 $19,972 $19,683 $19,043 $19,646 $20,030 $7,413 $7,994 $8,203 $8,708 $8,463 2.58% 2.47% 2.38% 2.18% 2.12% Quarterly Cost of Deposits Avg NIDDA Avg IB Deposits 1Q25 2Q25 3Q25 4Q25 1Q26 28.8% 31.8% 30.1% 28.8% 30.5% NIDDA % Diverse deposit book by sector; largest industry verticals at March 31: National Title Solutions $4.1 billion National HOA $2.3 billion 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

Core Loan Growth While Resi and Other Loan Balances Continue to Decline ($ in millions) $7,465 $7,304 $7,131 $6,983 $6,856 $6,206 $6,473 $6,534 $6,811 $6,886 $8,885 $8,686 $8,556 $9,030 $8,886 $580 $627 $709 $728 $805$854 $844 $772 $722 $701 $23,990 $23,934 $23,702 $24,274 $24,134 Residential CRE C&I MWL Other 1Q25 2Q25 3Q25 4Q25 1Q26 8 Loan Portfolio Over Time $24,274 $75 ($144) $77 ($127) ($21) $24,134 4Q25 CRE C&I MWL Resi Other 1Q26 First Quarter 2026 Loan Attribution 5.48% 5.55% 5.53% 5.37% 5.31% 1Q25 2Q25 3Q25 4Q25 1Q26 Quarterly Loan Yield

High Quality Diversified CRE Portfolio At March 31, 2026 ($ in millions) 9 $6.9 billion 47% 21% 32% FL NY Tri-State Other 20% 23% 15% 22% 7% 11% 2% Office Warehouse/Industrial Multifamily Retail Hotel Construction & Land Other 1.78 1.82 1.94 1.81 1.75 3.13 1.84 Office Industrial Multifamily Retail Hotel Other Total 64.2% 48.3% 53.2% 58.7% 48.0% 44.4% 55.4% Office Industrial Multifamily Retail Hotel Other Total 57% 44% 43% 38% 78% 42% 34% Office Industrial Multifamily Retail Hotel Other Construction and Land 20% 7% 46%22% 10% 3% 30% 23% 49% 11%40% 12% 55% 36% Other FL NY Tri- State CRE Portfolio by Property Type Wtd. Avg. DSCR by Property Type CRE Portfolio by Geography Geographic Data by Property Type Wtd. Avg. LTV by Property Type

Commercial and Industrial Loans(1) At March 31, 2026 ($ in millions) 10 16.2% 8.8% 8.3% 8.1% 7.8% 7.3% 7.3% 6.0% 5.2% 5.1% 4.4% 4.2% 3.3% 2.8% 1.7% 1.2% 0.8% 1.5% Finance and Insurance Health Care Utilities Wholesale Trade Manufacturing Construction Educational Services Transport / Warehousing Information R/E and Rental & Leasing Prof., Scientific, Tech. Svcs. Retail Trade Other Services Public Administration Arts, Entertainment, and Rec. Adm., Support and Waste Mgnt. Accom. & Food Services Other $9,030 $311 ($354) ($65) ($36) $8,886 4Q25 Production Payments/ Payoffs Strategic Exits Net Charge- Offs 1Q26 28% 28%9% 19% 16% FL NY Tri State GA, TX, NC Other NDFI Diverse Industry Exposure Geographic Distribution First Quarter 2026 C&I Loan Walk $8.9 billion (1) Includes $2.0 billion in owner-occupied real estate, excludes MWL

Drivers of Change in the ACL ($ in millions) 11 $219.8 $22.1 $1.9 $8.3 ($3.0) ($36.1) ($3.9) ($0.3) $208.8 4Q25 1Q26 % of Total Loans 0.91% 0.87% Increase in Specific Reserves Risk Rating Migration Change in Qualitative Overlay Portfolio Changes and Other Net Charge- Offs Economic Forecast Current market adjustment Scenario weighting Changes to forward path of forecast Portfolio composition changes New production, net of exits Changes in borrower financials Some elements related to economic uncertainty and model imprecision Assumption and Modeling Updates

Allocation of the ACL ($ in millions) 12 Office Portfolio ACL at 1Q26 was 1.69% $219.7 $222.7 $219.9 $219.8 $208.8 0.92% 0.93% 0.93% 0.91% 0.87% ACL ACL Ratio 1Q25 2Q25 3Q25 4Q25 1Q26 $19.4 $12.7 $14.7 $24.9 $36.1 0.24% 0.23% 0.27% 0.30% 0.37% Net Charge-Offs Net Charge-Offs Ratio, Trailing 12 Months 1Q25 2Q25 3Q25 4Q25 1Q26 Allowance for Credit Losses Net Charge-Offs Composition of ACL at March 31, 2026 Balance % of Loans Commercial: Commercial real estate $55.7 0.81 % Commercial and industrial 141.9 1.60 % Franchise and equipment finance 0.4 0.47 % Total commercial 198.0 1.25 % Pinnacle - municipal finance 0.1 0.02 % Residential and mortgage warehouse lending 10.7 0.14 % Allowance for credit losses $208.8 0.87 % Net Charge-Offs, Trailing 12 months was 0.37%

Non-Performing Metrics ($ in millions) 13 1.08% 1.57% 1.60% 1.54% 1.14% 0.94% 1.42% 1.43% 1.38% 1.00% NPL Excl. Guaranteed Portion of Non-Accrual SBA Loans NPL Ratio 1Q25 2Q25 3Q25 4Q25 1Q26 NPL RatioNon-Performing Loans by Portfolio Segment $260 $376 $379 $373 $275 $30 $23 $23 $23 $23 $83 $142 $136 $97 $67 $105 $167 $173 $211 $149 $6 $4 $3 $2 $1$33 $36 $40 $38 $34$3 $4 $4 $2 $1 Residential CRE C&I Franchise and Equipment Guaranteed Portion of SBA Non-Guaranteed Portion of SBA 1Q25 2Q25 3Q25 4Q25 1Q26 0.76% 1.08% 1.10% 1.08% 0.79% 0.67% 0.98% 0.99% 0.97% 0.69% NPA Excl. Guaranteed Portion of Non-Accrual SBA Loans NPA Ratio 1Q25 2Q25 3Q25 4Q25 1Q26 NPA Ratio $48 $3 $16Office Industrial Multifamily - NY Rent Regulated Non-Performing CRE Loans by Property Type At March 31, 2026 $67 million

Criticized and Classified Loans Trend ($ in millions) 14 $193 $130 $137 $175 $177 $71 $89 $55 $82 $67 $122 $41 $82 $93 $110 Commercial Real Estate Commercial 1Q25 2Q25 3Q25 4Q25 1Q26 $193 $312 $312 $310 $217 $83 $142 $136 $97 $67 $110 $170 $176 $213 $150 Commercial Real Estate Commercial 1Q25 2Q25 3Q25 4Q25 1Q26 (1) Excludes SBA. (2) Includes C&I and franchise and equipment finance Special Mention Substandard Non-Accruing and Doubtful $941 $725 $715 $658 $604 $644 $515 $517 $471 $412 $297 $210 $198 $187 $192 Commercial Real Estate Commercial 1Q25 2Q25 3Q25 4Q25 1Q26 $1,327 $1,167 $1,164 $1,143 $998 $798 $746 $708 $650 $546 $529 $421 $456 $493 $452 Commercial Real Estate Commercial 1Q25 2Q25 3Q25 4Q25 1Q26 Total Criticized and Classified Substandard Accruing (1) (1)(2) (1) (1)(2) (1) (1)(2) (1) (1)(2)

Appendix

Loans to Non-Depository Financial Institutions (NDFI) 16 B2B $265 Capital Call / Subscription Lines $488 Other $684 NDFI Portfolio Distribution ($ in millions) “Other” includes REITs, B2C, Private Equity Funds, Insurance Carriers and Investment Services NDFI Portfolio Characteristics $1.4B NDFI Exposure vs $1.5B in 4Q25 6% of total loans; 8% of commercial loans One loan past due 30 - 59 days Excludes $806 million in MWL

Allocation of the ACL 17 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 % Pinnacle - municipal finance 0.1 0.02 % 0.1 0.02 % Residential and mortgage warehouse lending 11.8 0.15 % 10.7 0.14 % Allowance for credit losses $219.8 0.91 % $208.8 0.87 % Office Portfolio ACL: 1.69% at March 31, 2026, 2.03% at December 31, 2025 Asset Quality Ratios December 31, 2025 March 31, 2026 Non-performing loans to total loans(1) 1.54 % 1.14 % Non-performing loans, excluding the guaranteed portion of non-accrual SBA loans, to total loans 1.38 % 1.00 % Non-performing assets to total assets(1) 1.08 % 0.79 % Non-performing assets, excluding the guaranteed portion of non-accrual SBA loans, to total assets 0.97 % 0.69 % Allowance for credit losses to non-performing loans(1) 58.99 % 75.90 % Net charge-offs to average loans(2) 0.30 % 0.61 % Net charge-offs to average loans, trailing twelve months 0.30 % 0.37 % (1) Non-performing loans and assets include the guaranteed portion of non-accrual SBA loans totaling $33.8 million and $37.9 million at March 31, 2026 and December 31, 2025, respectively. (2) Annualized for the three months ended March 31, 2026.

Residential Portfolio Overview 18 34% 12% 13% 27% 1% 13%30 Yr Fixed 15 & 20 Year Fixed 10/1 ARM 5/1 & 7/1 ARM Formerly Covered Govt Insured 33% 25% 39% 3% 60% or less 61% - 70% 71% - 80% More than 80% 76% 14% 10% >759 720-759 <720 or NA 74% 15% 4% 3% 4% <1% Prior 2022 2023 2024 2025 2026 High quality residential portfolio consists primarily of high FICO, low LTV, prime jumbo mortgages with de- minimis charge-offs since inception as well as government insured loans (1) Excludes government insured residential loans. FICOs are refreshed routinely. LTVs are typically at origination Residential Loan Product Type Breakdown by LTV(1) FICO Distribution(1) Breakdown by Vintage(1)

High Quality, Short-Duration Securities Portfolio 19 36% 27% 25% 8% 4% US Government and Agency Private label RMBS and CMOs Private label CMBS CLOs Other GOV 36% AAA 54% AA 5% A 4% NR 1% December 31, 2025 March 31, 2026 Portfolio Net Unrealized Loss Fair Value Net Unrealized Loss Fair Value US Government and Agency ($51) $3,424 ($51) $3,457 Private label RMBS and CMOs (193) 2,491 (195) 2,516 Private label CMBS (14) 2,168 (16) 2,402 CLOs — 781 (1) 772 Other (9) 394 (9) 352 ($267) $9,258 ($272) $9,499 Portfolio Composition Rating Distribution No expected credit losses on AFS securities Unrealized losses just 3% of amortized cost AFS portfolio duration of 1.92; approximately 65.3% of the portfolio floating rate

Non-GAAP Financial Measures 20 4Q25 ($ in millions except per share data) Net income (GAAP) $69 Write downs on capitalized software 4 Tax effect of adjustment (1) Adjusted net income $72 Average assets $35,186 ROA 0.78 % Adjusted ROA 0.81 % Average stockholders’ equity $3,095 ROE 8.9 % Adjusted ROE 9.2 % EPS (GAAP) $0.90 Write downs on capitalized software 0.04 Adjusted EPS $0.94 Net income, EPS, ROA and ROE excluding the impact of the write-off are non-GAAP financial measures. Disclosure of these measures enhances the reader’s ability to compare the Company’s performance for 4Q25 to other periods presented. PPNR is a non-GAAP financial measure. Management believes this measure is relevant to understanding the performance of the Company attributable to elements other than the provision for credit losses and the ability of the Company to generate earnings sufficient to cover estimated credit losses. This measure also provides a meaningful basis for comparison to other financial institutions since it is commonly employed and is a measure frequently cited by investors and analysts. The following tables reconciles these non-GAAP financial measurements to the comparable GAAP financial measurements of net income, EPS, ROA and ROE for 4Q25 and PPNR for the periods presented: ($ in millions) 1Q25 2Q25 3Q25 4Q25 1Q26 Income before income taxes (GAAP) $80 $94 $98 $90 $82 Plus: provision for credit losses 15 16 12 26 25 PPNR $95 $110 $110 $115 $106