BankUnited, Inc. Reports 3Q 2026 Net Income of $72 million, $1.01 Diluted EPS; Excluding Impact of Securities Sales, Net Income of $74 million, $1.03 Diluted EPS

BankUnited, Inc. Reports 3Q 2026 Net Income of $72 million, $1.01 Diluted EPS; Excluding Impact of Securities Sales, Net Income of $74 million, $1.03 Diluted EPS MIAMI LAKES, Fla.--( BUSINESS WIRE)--BankUnited, Inc. (the “Company”) (NYSE: BKU) today announced financial results for the quarter ended September 30, 2026.

Chairman, President and Chief Executive Officer Rajinder Singh commented, "We delivered another quarter of solid performance, with continued deposit momentum and net interest margin expanding to 3.16%, ahead of our guidance. Benefiting from a strong economy, we remain focused on increasing profitability and creating long-term shareholder value."

Third Quarter Financial Highlights

Quarter Ended

Change From

($ in millions except per share data)

3Q26

2Q26

3Q25

2Q26

3Q25

Net Income

72.2

70.7

71.9

1.5

0.3

Adjusted Net Income 1, 2

73.9

70.0

71.4

3.9

2.5

Diluted EPS

1.01

0.97

0.95

0.04

0.06

Adjusted Diluted EPS 1, 2

1.03

0.96

0.94

0.07

0.09

PPNR 1

105.9

109.9

109.5

(4.0

)

(3.6

)

ROA 3

0.82

0.81

0.82

0.01

—

ROE 3

9.6

9.3

9.5

0.3

0.1

Net Interest Margin 3

3.16

3.06

3.00

0.10

0.16

Performance

Highlights

Deposits

Loans

Credit

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

Excludes the impact of securities sales.

Annualized for the three months ended September 30, 2026, June 30, 2026, and September 30, 2025.

Net Interest Income & Margin

Net Interest Income

Net Interest Margin (NIM)

Up $5.3 million or 2% from prior quarter

Up $10.5 million or 4% from 3Q 2025

Up 10 bps from prior quarter

Up 16 bps from 3Q 2025

Net interest income and margin increased from the prior quarter due to the following factors:

Net interest income and margin also increased from a year ago due to the following factors:

Non-Interest Income and Non-Interest Expense

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

Three Months Ended

3Q26

2Q26

3Q25

Deposit service charges and fees

6.4

6.3

5.4

Gain (loss) on investment securities, net

(2.3

)

0.9

0.6

Lease financing, net

1.7

3.9

4.2

Capital markets income

6.3

8.1

6.3

Other non-interest income:

Loan service charges

3.8

4.0

Commercial card income

1.5

1.8

1.6

BOLI income

1.1

3.0

2.5

Other

1.3

1.2

1.0

Non-interest income

19.8

29.2

25.6

Non-interest expense

174.6

166.2

Loans

Loan portfolio composition at the periods indicated are as follows (in thousands):

3Q26

2Q26

3Q25

Amortized

Cost

Average

Balance

Amortized

Cost

Average

Balance

Amortized

Cost

Average

Balance

Core Loan Segments:

CRE 1

7,073,374

7,012,836

7,006,901

6,938,213

6,534,615

6,388,575

C&I 2

8,572,160

8,400,185

8,681,166

8,706,525

8,555,869

8,490,948

MWL

932,290

863,798

876,771

730,841

709,185

637,663

Municipal Finance

592,293

581,996

636,945

630,329

637,198

635,811

Total Core Loans

17,170,117

16,858,815

17,201,783

17,005,908

16,436,867

16,152,997

Other

59,342

63,342

71,740

78,929

134,635

140,653

Residential

6,585,897

6,603,215

6,655,550

6,754,430

7,130,992

7,224,702

Total Loans

23,815,356

23,525,372

23,929,073

23,839,267

23,702,494

23,518,352

Deposits

Deposit portfolio composition at the periods indicated are as follows (in thousands):

3Q26

2Q26

3Q25

Ending

Balance

Average

Balance

Ending

Balance

Average

Balance

Ending

Balance

Average

Balance

Non-Interest Bearing Demand

9,113,570

9,027,447

9,934,638

9,027,557

8,625,115

8,203,439

Interest Bearing Demand

6,255,347

6,620,530

6,619,044

6,365,179

6,609,679

5,586,547

Savings and Money Market

9,899,164

9,976,749

9,958,785

10,083,767

9,936,797

9,921,293

Time

3,042,882

2,339,315

2,368,781

3,251,965

3,446,696

3,535,051

Total Deposits

28,310,963

27,964,041

28,881,248

28,728,468

28,618,287

27,246,330

Commercial real estate loans, including non-owner occupied commercial real estate and construction and land.

Commercial and industrial loans, including owner-occupied commercial real estate.

Credit

Credit Quality

Credit quality metrics remained strong during Q3, as criticized and classified loans decreased and non-performing loans modestly increased from prior quarter.

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

3Q26

2Q26

3Q25

CRE

Total

Commercial

CRE

Total

Commercial

CRE

Total

Commercial

Special mention

—

107,247

33,868

175,198

54,562

136,640

Substandard - accruing

391,714

730,885

411,167

686,274

521,284

733,615

Substandard - non-accruing

35,676

171,553

36,255

156,208

149,993

306,953

Doubtful

—

39,686

—

41,682

—

48,635

Total

427,390

1,049,371

481,290

1,059,362

725,839

1,225,843

Allowance & Provision

Allowance levels and coverage remained appropriate during the periods presented, with changes reflecting increases in certain qualitative factors and net charge-offs. 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

Loans 1

ACL to Non-

Performing

Loans

Net Charge-

offs to

Average

Loans 2

3Q26

221,476

0.93

1.33

83.96

0.11

2Q26

217,516

0.91

1.30

97.14

0.11

3Q25

219,884

0.93

1.35

57.95

0.25

Three Months Ended

3Q26

2Q26

3Q25

Beginning balance

217,516

208,790

222,730

Provision

10,280

15,098

11,851

Net charge-offs

(6,320

)

(6,372

)

(14,697

)

Ending balance

221,476

217,516

219,884

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.

Annualized for the three months ended September 30, 2026, June 30, 2026, and September 30, 2025.

Capital, Liquidity & Shareholder Returns

Capital levels remained strong and well above regulatory requirements, providing ability to execute growth initiatives while continuing to return capital to shareholders.

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

Earnings Conference Call and Presentation

A conference call to discuss quarterly results will be held at 9:00 a.m. ET on Wednesday, October 21, 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/10211384/104b2a22228. 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 $34.6 billion at September 30, 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.

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 (1) an inability to successfully execute our core business strategy; (2) adverse events or conditions impacting the financial services industry, (3) our ability to access capital, including the impact of our credit rating; (4) credit risk inherent in the business of making loans and embedded in our securities portfolio, including inadequate allowance for credit losses and real estate market conditions and valuations; (5) interest rate risk, (6) liquidity risks, (7) risks related to the regulation of our industry, (8) operational risk, including dependence on information technology and third party service providers and the risk of systems failures, interruptions or breaches of security or inability to keep pace with technological change; (9) reputational risk, (10) the impact of conditions in the financial markets and economic conditions generally; (11) ineffective risk management or internal controls; and (12) the selection and application of accounting policies and methods and related assumptions and estimates. 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).

BANKUNITED, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS - UNAUDITED

(In thousands, except share and per share data)

September 30,

2026

June 30,

2026

March 31,

2026

December 31,

2025

September 30,

2025

ASSETS

Cash and due from banks:

Non-interest bearing

12,082

11,998

13,336

11,511

13,589

Interest bearing

413,098

355,875

371,605

206,273

545,916

Cash and cash equivalents

425,180

367,873

384,941

217,784

559,505

Investment securities

8,905,357

9,317,614

9,505,168

9,263,651

9,467,082

Non-marketable equity securities

158,666

144,652

149,590

140,684

165,922

Loans

23,815,356

23,929,073

24,134,929

24,273,707

23,702,494

Allowance for credit losses

(221,476

)

(217,516

)

(208,790

)

(219,825

)

(219,884

)

Loans, net

23,593,880

23,711,557

23,926,139

24,053,882

23,482,610

Bank owned life insurance

323,020

315,848

314,165

305,313

303,368

Operating lease equipment, net

151,701

157,272

150,214

171,371

201,777

Goodwill

77,637

Other assets

940,273

789,789

850,759

809,129

817,872

Total assets

34,575,714

34,882,242

35,358,613

35,039,451

35,075,773

LIABILITIES AND STOCKHOLDERS’ EQUITY

Liabilities:

Demand deposits:

Non-interest bearing

9,113,570

9,934,638

8,943,844

9,109,984

8,625,115

Interest bearing

6,255,347

6,619,044

6,449,405

6,189,534

6,609,679

Savings and money market

9,899,164

9,958,785

9,939,985

10,164,703

9,936,797

Time

3,042,882

2,368,781

4,026,866

3,888,684

3,446,696

Total deposits

28,310,963

28,881,248

29,360,100

29,352,905

28,618,287

Federal funds purchased

229,993

265,000

—

FHLB advances

1,925,000

1,630,000

1,755,000

1,555,000

2,080,000

Notes and other borrowings

318,532

318,936

319,340

319,740

320,431

Other liabilities

969,006

783,653

908,636

757,977

1,024,681

Total liabilities

31,753,494

31,878,837

32,343,076

31,985,622

32,043,399

Commitments and contingencies

Stockholders' equity:

Common stock, par value $0.01 per share, 400,000,000 shares authorized

702

722

734

741

752

Paid-in capital

71,452

164,020

209,270

271,695

310,974

Retained earnings

3,104,778

3,055,604

3,008,613

2,970,988

2,925,806

Accumulated other comprehensive loss

(354,712

)

(216,941

)

(203,080

)

(189,595

)

(205,158

)

Total stockholders' equity

2,822,220

3,003,405

3,015,537

3,053,829

3,032,374

Total liabilities and stockholders' equity

34,575,714

34,882,242

35,358,613

35,039,451

35,075,773

BANKUNITED, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED

(In thousands, except per share data)

Three Months Ended

September 30,

2026

June 30,

2026

March 31,

2026

December 31,

2025

September 30,

2025

Interest income:

Loans

314,391

312,991

310,162

317,539

324,390

Investment securities

110,066

107,603

106,230

117,878

120,419

Other

5,570

5,916

5,794

6,986

8,113

Total interest income

430,027

426,510

422,186

442,403

452,922

Interest expense:

Deposits

140,326

146,605

148,694

155,875

163,555

Borrowings

29,047

24,577

24,505

28,318

39,255

Total interest expense

169,373

171,182

173,199

184,193

202,810

Net interest income before provision for credit losses

260,654

255,328

248,987

258,210

250,112

Provision for credit losses

8,952

15,559

24,586

25,554

11,577

Net interest income after provision for credit losses

251,702

239,769

224,401

232,656

238,535

Non-interest income:

Deposit service charges and fees

6,434

6,310

6,219

5,787

5,387

Gain (loss) on investment securities, net

(2,305

)

941

3,290

1,058

648

Lease financing, net

1,715

3,885

3,347

4,662

4,152

Capital markets income

6,261

8,081

3,684

9,512

6,269

Other non-interest income

7,680

10,022

8,160

8,974

9,110

Total non-interest income

19,785

29,239

24,700

29,993

25,566

Non-interest expense:

Employee compensation and benefits

89,648

89,432

96,689

89,952

85,196

Occupancy and equipment

11,439

11,192

11,002

10,749

10,929

Deposit insurance expense

5,535

5,334

(1,026

)

6,391

6,601

Technology

20,789

22,910

22,415

20,430

21,630

Depreciation of operating lease equipment

3,396

3,169

3,366

4,068

4,423

Deposit-related costs

23,595

21,492

18,210

18,765

19,197

Other non-interest expense

20,156

21,119

16,707

22,456

18,193

Total non-interest expense

174,558

174,648

167,363

172,811

166,169

Income before income taxes

96,929

94,360

81,738

89,838

97,932

Provision for income taxes

24,759

23,697

19,863

20,578

26,081

Net income

72,170

70,663

61,875

69,260

71,851

Earnings per common share, basic

1.02

0.97

0.83

0.91

0.96

Earnings per common share, diluted

1.01

0.97

0.83

0.90

0.95

BANKUNITED, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED

(In thousands, except per share data)

Nine Months Ended

September 30, 2026

September 30, 2025

Interest income:

Loans

937,544

973,864

Investment securities

323,899

351,634

Other

17,280

24,892

Total interest income

1,278,723

1,350,390

Interest expense:

Deposits

435,625

508,460

Borrowings

78,129

112,560

Total interest expense

513,754

621,020

Net interest income before provision for credit losses

764,969

729,370

Provision for credit losses

49,097

42,386

Net interest income after provision for credit losses

715,872

686,984

Non-interest income:

Deposit service charges and fees

18,963

15,945

Gain on investment securities, net

1,926

1,940

Lease financing

8,947

13,077

Capital markets income

18,026

18,290

Other non-interest income

25,862

26,394

Total non-interest income

73,724

75,646

Non-interest expense:

Employee compensation and benefits

275,769

251,095

Occupancy and equipment

33,633

33,217

Deposit insurance expense

9,843

20,804

Technology

66,114

67,902

Depreciation of operating lease equipment

9,931

12,301

Deposit-related costs

63,297

52,740

Other non-interest expense

57,982

52,663

Total non-interest expense

516,569

490,722

Income before income taxes

273,027

271,908

Provision for income taxes

68,319

72,815

Net income

204,708

199,093

Earnings per common share, basic

2.82

2.65

Earnings per common share, diluted

2.80

2.63

AVERAGE BALANCES AND YIELDS

(Dollars in thousands)

Three Months Ended September 30,

Three Months Ended June 30,

Three Months Ended September 30,

2026

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:

Commercial loans

16,922,172

255,009

5.98

17,084,880

252,825

5.93

16,309,010

258,888

6.30

Residential and other consumer loans

6,603,215

62,259

3.77

6,754,430

62,922

3.73

7,224,702

68,378

3.78

Total Loans

23,525,387

317,268

5.36

23,839,310

315,747

5.31

23,533,712

327,266

5.53

Investment securities 3

9,313,577

111,227

4.76

9,381,602

108,693

4.64

9,404,188

121,124

5.13

Other interest earning assets

542,000

5,570

4.08

682,205

5,916

3.48

793,366

8,113

4.06

Total interest earning assets

33,380,964

434,065

5.17

33,903,117

430,356

5.09

33,731,266

456,503

5.38

Allowance for credit losses

(220,307

)

(213,533

)

(227,694

)

Non-interest earning assets

1,557,166

1,356,431

1,390,051

Total assets

34,717,823

35,046,015

34,893,623

Liabilities and Stockholders' Equity:

Interest bearing liabilities:

Interest bearing demand deposits

6,620,530

47,165

2.83

6,365,179

45,432

2.87

5,586,547

47,304

3.36

Savings and money market deposits

9,976,749

73,071

2.90

10,083,767

72,729

2.89

9,921,293

83,862

3.35

Time deposits

2,339,315

20,090

3.40

3,251,965

28,444

3.51

3,535,051

32,389

3.63

Total interest bearing deposits

18,936,594

140,326

2.94

19,700,911

146,605

2.99

19,042,891

163,555

3.40

FHLB advances

2,276,250

21,972

3.83

2,028,901

18,991

3.75

3,221,577

32,027

3.94

Notes and other borrowings

625,179

7,075

4.51

471,725

5,586

4.74

542,241

7,228

5.34

Total interest bearing liabilities

21,838,023

169,373

3.08

22,201,537

171,182

3.10

22,806,709

202,810

3.52

Non-interest bearing demand deposits

9,027,447

9,027,557

8,203,439

Other non-interest bearing liabilities

859,525

776,682

868,385

Total liabilities

31,724,995

32,005,776

31,878,533

Stockholders' equity

2,992,828

3,040,239

3,015,090

Total liabilities and stockholders' equity

34,717,823

35,046,015

34,893,623

Net interest income

264,692

259,174

253,693

Interest rate spread

2.09

1.99

1.86

Net interest margin

3.16

3.06

3.00

On a tax-equivalent basis where applicable.

Annualized.

At fair value.

BANKUNITED, INC. AND SUBSIDIARIES

AVERAGE BALANCES AND YIELDS

(Dollars in thousands)

Nine Months Ended September 30,

2026

2025

Average

Balance

Interest 1

Yield/

Rate 1,2

Average

Balance

Interest 1

Yield/

Rate 1,2

Assets:

Interest earning assets:

Commercial loans

16,971,269

756,712

5.96

16,412,801

773,024

6.30

Residential and other consumer loans

6,760,966

189,114

3.73

7,375,357

209,160

3.78

Total Loans

23,732,235

945,826

5.32

23,788,158

982,184

5.52

Investment securities 3

9,283,724

326,850

4.70

9,288,070

353,760

5.08

Other interest earning assets

631,787

17,280

3.66

798,956

24,892

4.17

Total interest earning assets

33,647,746

1,289,956

5.12

33,875,184

1,360,836

5.37

Allowance for credit losses

(217,555

)

(227,680

)

Non-interest earning assets

1,519,357

1,376,969

Total assets

34,949,548

35,024,473

Liabilities and Stockholders' Equity:

Interest bearing liabilities:

Interest bearing demand deposits

6,341,755

135,892

2.87

5,271,474

132,886

3.37

Savings and money market deposits

10,101,084

219,078

2.90

10,366,899

263,664

3.40

Time deposits

3,109,007

80,655

3.47

3,924,209

111,910

3.82

Total interest bearing deposits

19,551,846

435,625

2.98

19,562,582

508,460

3.48

FHLB advances

2,166,667

60,860

3.76

3,052,253

87,060

3.81

Notes and other borrowings

488,745

17,269

4.72

652,843

25,500

5.21

Total interest bearing liabilities

22,207,258

513,754

3.09

23,267,678

621,020

3.57

Non-interest bearing demand deposits

8,841,564

7,873,052

Other non-interest bearing liabilities

855,402

934,559

Total liabilities

31,904,224

32,075,289

Stockholders' equity

3,045,324

2,949,184

Total liabilities and stockholders' equity

34,949,548

35,024,473

Net interest income

776,202

739,816

Interest rate spread

2.03

1.80

Net interest margin

3.08

2.92

On a tax-equivalent basis where applicable.

Annualized.

At fair value.

BANKUNITED, INC. AND SUBSIDIARIES

EARNINGS PER COMMON SHARE

(In thousands except share and per share amounts)

Three Months Ended

Nine Months Ended

September 30,

2026

June 30, 2026

September 30,

2025

September 30,

2026

September 30,

2025

Basic earnings per common share:

Numerator:

Net income

72,170

70,663

71,851

204,708

199,093

Distributed and undistributed earnings allocated to participating securities

(1,140

)

(1,094

)

(1,030

)

(3,137

)

(2,829

)

Income allocated to common stockholders for basic earnings per common share

71,030

69,569

70,821

201,571

196,264

Denominator:

Weighted average common shares outstanding

71,132,255

72,630,405

75,227,314

72,748,103

75,124,070

Less average unvested stock awards

(1,164,631

)

(1,180,777

)

(1,116,965

)

(1,161,394

)

(1,114,472

)

Weighted average shares for basic earnings per common share

69,967,624

71,449,628

74,110,349

71,586,709

74,009,598

Basic earnings per common share

1.02

0.97

0.96

2.82

2.65

Diluted earnings per common share:

Numerator:

Income allocated to common stockholders for basic earnings per common share

71,030

69,569

70,821

201,571

196,264

Adjustment for earnings reallocated from participating securities

Income used in calculating diluted earnings per common share

71,036

69,573

70,828

201,585

196,279

Denominator:

Weighted average shares for basic earnings per common share

69,967,624

71,449,628

74,110,349

71,586,709

74,009,598

Dilutive effect of certain share-based awards

573,006

342,179

715,117

475,845

601,031

Weighted average shares for diluted earnings per common share

70,540,630

71,791,807

74,825,466

72,062,554

74,610,629

Diluted earnings per common share

1.01

0.97

0.95

2.80

2.63

BANKUNITED, INC. AND SUBSIDIARIES

SELECTED RATIOS

At or for the Three Months Ended

At or for the Years Ended

September 30,

2026

June 30, 2026

September 30,

2025

September 30,

2026

September 30,

2025

Financial ratios 1

Return on average assets

0.82

0.81

0.82

0.78

0.76

Return on average stockholders’ equity

9.6

9.3

9.5

9.0

Net interest margin 2

3.16

3.06

3.00

3.08

2.92

Loans to deposits

84.1

82.9

82.8

84.1

82.8

Tangible book value per common share

39.10

40.48

39.27

39.10

39.27

September 30, 2026

June 30, 2026

September 30, 2025

Asset quality ratios

Non-performing loans to total loans 3,4

1.11

0.94

1.60

Non-performing assets to total assets 4,5

0.77

0.66

1.10

ACL to total loans

0.93

0.91

0.93

Commercial ACL to commercial loans 6

1.33

1.30

1.35

ACL to non-performing loans 3,4

83.96

97.14

57.95

Net charge-offs to average loans 7

0.11

0.25

September 30, 2026

June 30, 2026

September 30, 2025

BankUnited,

Inc.

BankUnited,

N.A.

BankUnited,

Inc.

BankUnited,

N.A.

BankUnited,

Inc.

BankUnited,

N.A.

Required to be

Considered

Well Capitalized

Capital ratios

Tier 1 leverage

8.9

9.5

8.9

9.4

9.0

9.5

5.0

Common Equity Tier 1 ("CET1") risk-based capital

12.1

12.9

12.3

13.0

12.5

13.2

6.5

Total risk-based capital

13.7

13.8

13.9

14.4

14.1

10.0

Tangible Common Equity/Tangible Assets

8.0

N/A

8.4

N/A

8.4

N/A

Annualized for the three month periods as applicable.

On a tax-equivalent basis.

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.

Non-performing loans and assets include the guaranteed portion of non-accrual SBA loans totaling $31.5 million or 0.13% of total loans and 0.09% of total assets at September 30, 2026, $31.8 million or 0.13% of total loans and 0.09% of total assets at June 30, 2026, and $40.0 million or 0.17% of total loans and 0.11% of total assets at September 30, 2025.

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

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.

Annualized for the three months ended September 30, 2026, June 30, 2026, and September 30, 2025.

Non-GAAP Financial Measures

Net income, EPS, ROA and ROE excluding the impact of gains and losses on the sale of investment securities are non-GAAP financial measures. Disclosure of these measures enhances the reader’s ability to compare the Company’s performance for the quarter ending September 30, 2026 to other periods presented.

The following table reconciles these non-GAAP financial measurements to the comparable GAAP financial measurements of net income, EPS, ROA and ROE for the quarter ending September 30, 2026 to the periods presented (in thousands except share and per share data):

Quarter Ended

September 30,

2026

June 30, 2026

September 30,

2025

Net income (GAAP)

72,170

70,663

71,851

(Gain)/Loss on investment securities - tax effected

1,716

(704

)

(476

)

Adjusted net income

73,886

69,959

71,375

Pre-tax income

96,929

94,360

97,932

Provision for credit losses

8,952

15,559

11,577

PPNR

105,881

109,919

109,509

(Gain)/Loss on investment securities - before tax

2,305

(941

)

(648

)

Adjusted PPNR

108,186

108,978

108,861

Average assets

34,717,823

35,046,015

34,893,623

ROA (GAAP)

0.82

0.81

0.82

Adjusted ROA

0.84

0.80

0.81

Average stockholders’ equity

2,992,828

3,040,239

3,015,090

ROE (GAAP)

9.6

9.3

9.5

Adjusted ROE

9.8

9.2

9.4

EPS (GAAP)

1.01

0.97

0.95

(Gain)/Loss on investment securities - tax effected

0.02

(0.01

)

(0.01

)

Adjusted EPS

1.03

0.96

0.94

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

September 30, 2026

June 30, 2026

September 30, 2025

Total stockholders’ equity

2,822,220

3,003,405

3,032,374

Less: goodwill and other intangible assets

77,637

Tangible stockholders’ equity

2,744,583

2,925,768

2,954,737

Common shares issued and outstanding

70,188,199

72,276,530

75,242,935

Book value per common share

40.21

41.55

40.30

Tangible book value per common share

39.10

40.48

39.27

Quarter Ended

September 30, 2026

June 30, 2026

September 30, 2025

Pre-Provision Net Revenue ("PPNR")

Income before income taxes

96,929

94,360

97,932

Provision for credit losses

8,952

15,559

11,577

PPNR

105,881

109,919

109,509