Strong Franchise Momentum Driven by Record Non-Interest-Bearing Deposits, Improved Credit Quality and Solid Fee Income Performance

BankUnited, Inc. (the "Company") (NYSE:BKU) today announced financial results for the quarter ended June 30, 2026.

Chairman, President and Chief Executive Officer Rajinder Singh commented, "Our second quarter performance reflects continued progress in strengthening the franchise and enhancing the quality of our balance sheet. Record non-interest-bearing deposits, solid fee income performance, and improved credit quality highlight the meaningful progress we have made over the past year. We remain focused on disciplined execution, deepening customer relationships, and building a stronger, more resilient franchise that supports long-term shareholder value creation."

Second Quarter Financial Highlights

	Quarter Ended									Change From
($ in millions except per share data)		2Q26			1Q26			2Q25			1Q26			2Q25
Net income	$	70.7		$	61.9		$	68.8		$	8.8		$	1.9
Diluted EPS	$	0.97		$	0.83		$	0.91		$	0.14		$	0.06
PPNR¹	$	109.9		$	106.3		$	109.6		$	3.6		$	0.3
ROA²		0.81	%		0.72	%		0.78	%		0.09	%		0.03	%
ROE²		9.3	%		8.1	%		9.4	%		1.2	%		(0.1	)%
Net interest margin²		3.06	%		2.99	%		2.93	%		0.07	%		0.13	%

Deposits	Average Total Deposits (excluding brokered): Up $811 million from prior quarter and up $1.5 billion from a year ago. Non-Interest Demand Deposits (NIDDA): Ending NIDDA up $991 million, or 11%, from prior quarter and $822 million, or 9%, from a year ago. Average NIDDA up $564 million, or 7%, from prior quarter and $1 billion, or 13% from a year ago. Represents 34.4% of total deposits, up from 31.8% a year ago. This represents the highest NIDDA balance and highest percentage of total deposits in the Company's history. Wholesale funding declined by $1.4 billion for both the prior quarter and from a year ago, reflecting continued balance-sheet repositioning. Brokered deposits represents 10.5% of total deposits.
Loans	Average Core Loans increased $195 million, or 1%, from prior quarter and increased $643 million, or 4%, from a year ago. Total Average Loans were essentially flat vs both prior quarter and prior year, due to continued purposeful runoff in non-core loans.
Credit	NPLs down $51 million, or 19%, from the prior quarter and $152 million, or 40%, from a year ago. ACL to NPLs coverage ratio increased to 97.14% from 75.90% in the prior quarter. Criticized and classified loans modestly increased $7 million, or 1%, and were down $170 million, or 14%, from a year ago.
Share Repurchases	Approximately 1.1 million shares repurchased in Q2 for an aggregate of $50.1 million.

____________________
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 June 30, 2026, March 31, 2026, and June 30, 2025.

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
		2Q26		1Q26			2Q25
Compensation-related items	$	—	$	(5,358	)	$	—
Release of FDIC Special Assessment accrual		—		6,669			—
	$	—	$	1,311		$	—

Net Interest Income & Margin

Net Interest Income				Net Interest Margin (NIM)
Up $6.3 million or 3% from prior quarter		Up $9.2 million or 4% from 2Q 2025		Up 7 bps from prior quarter		Up 13 bps from 2Q 2025

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

Impact of the growth in NIDDA balances and reduced use of brokered deposits. Deposit pricing continued to improve, contributing to lower funding costs; average cost of deposits declined to 2.05% from 2.12% from the prior quarter.
The tax equivalent yield on investment securities increased reflecting the benefit of securities purchased during the first quarter as periods of market volatility and spread widening created attractive investment opportunities.

Net interest income and margin also increased from the same quarter of the prior year due to the following factors:

Average NIDDA grew by $1 billion while average interest bearing liabilities declined by $1.1 billion.
Partially offset by the decrease of tax equivalent yields on investment securities and loans as variable rate assets repriced faster than continued improvement in funding cost and funding mix dynamics due to lower SOFR/Fed funds basis.

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
		2Q26		1Q26		2Q25
Non-interest income	$	29.2	$	24.7	$	27.8
Non-interest expense	$	174.6	$	167.4	$	164.3

Non-interest income increased from prior quarter, primarily reflecting higher capital markets revenue.
Non-interest income increased compared to a year ago, primarily as a result of increase in deposit service charges and fees.
Non-interest expense increased from prior quarter, after adjusting for the notable items summarized above, due to higher deposit-related costs, a loss associated with a single real estate owned asset disposition of $1.1 million, and elevated operational losses of $1.3 million.
Non-interest expense increased compared to a year ago, primarily due to higher employee compensation and benefits.

Loans

Average CRE loans increased by $147 million, or 2%, from prior quarter and increased by $630 million, or 10%, from a year ago.
Average C&I loans were essentially flat from the prior quarter and from a year ago, largely due to strategic exits.
Average MWL (Mortgage Warehouse Lending) loans up $82 million, or 13% from prior quarter and $115 million, or 19% from a year ago.
Average Residential loan balances declined $174 million, or 3% from the prior quarter and $627 million, or 8% from a year ago; consistent with our balance sheet repositioning strategy.

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

	2Q26				1Q26				2Q25
	Amortized Cost		Average Balance		Amortized Cost		Average Balance		Amortized Cost		Average Balance
Core loan segments:
CRE¹	$	7,006,901	$	6,938,213	$	6,886,411	$	6,790,769	$	6,473,465	$	6,308,051

C&I²		8,681,166		8,706,525		8,885,932		8,752,335		8,685,815		8,744,513

MWL		876,771		730,841		805,037		649,160		626,589		616,129

Municipal Finance		636,945		630,329		616,486		618,192		694,639		694,657

Total core loans		17,201,783		17,005,908		17,193,866		16,810,456		16,480,508		16,363,350

Other		71,740		78,929		84,709		95,725		149,022		156,663

Residential		6,655,550		6,754,430		6,856,354		6,928,828		7,303,997		7,380,985

Total loans	$	23,929,073	$	23,839,267	$	24,134,929	$	23,835,009	$	23,933,527	$	23,900,998

Deposits

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

	2Q26				1Q26				2Q25
	Ending Balance		Average Balance		Ending Balance		Average Balance		Ending Balance		Average Balance

Non-Interest Bearing Demand	$	9,934,638	$	9,027,557	$	8,943,844	$	8,463,491	$	9,112,888	$	7,993,915

Interest Bearing Demand		6,619,044		6,365,179		6,449,405		6,033,099		5,583,663		5,407,538

Savings and Money Market		9,958,785		10,083,767		9,939,985		10,245,692		10,171,156		10,355,700

Time		2,368,781		3,251,965		4,026,866		3,751,256		3,778,234		3,919,526

Total deposits	$	28,881,248	$	28,728,468	$	29,360,100	$	28,493,538	$	28,645,941	$	27,676,679

____________________
¹	Commercial real estate loans, including non-owner occupied commercial real estate and construction and land.
²	Commercial and industrial loans, including owner-occupied commercial real estate.

Credit

Credit Quality

Credit quality metrics remained strong during Q2, as non-performing loans declined and criticized and classified loans modestly increased from the prior quarter.

Non-Performing Loans: Down $51 million, or 19%, from prior quarter and down $152 million, or 40%, from a year ago.
NPA Ratio: 0.66%, including 0.09% related to guaranteed portion of SBA loans, down from 0.79%, including 0.10% related to SBA, in prior quarter.
Criticized and Classified Loans: Increased $7 million from prior quarter, reflecting continued portfolio monitoring, and down $170 million from a year ago.
Net Charge-offs: Net Charge-offs for the quarter (annualized) was 0.11%, down 0.50% from prior quarter and 0.10% from a year ago.

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

	2Q26				1Q26				2Q25
	CRE		Total Commercial		CRE		Total Commercial		CRE		Total Commercial
Special mention	$	33,868	$	175,198	$	67,396	$	177,859	$	88,959	$	130,879
Substandard - accruing		411,167		686,274		418,033		622,436		520,955		745,811
Substandard - non-accruing		36,255		156,208		74,584		211,293		152,634		317,958
Doubtful		—		41,682		903		40,758		—		34,639
Total	$	481,290	$	1,059,362	$	560,916	$	1,052,346	$	762,548	$	1,229,287

Allowance & Provision

Allowance levels and coverage remained appropriate during the periods presented, with changes reflecting lower 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
2Q26	$	217,516	0.91	%	1.30	%	97.14	%	0.11	%
1Q26	$	208,790	0.87	%	1.25	%	75.90	%	0.61	%
2Q25	$	222,730	0.93	%	1.36	%	59.18	%	0.21	%

	Three Months Ended
		2Q26			1Q26			2Q25
Beginning balance	$	208,790		$	219,825		$	219,747
Provision		15,098			25,103			15,694
Net charge-offs		(6,372	)		(36,138	)		(12,711	)
Ending balance	$	217,516		$	208,790		$	222,730

The ACL to total loans ratio increased to 0.91% from 0.87% in the prior quarter, while the ACL to non-performing loans coverage ratio increased to 97.14%, primarily 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 June 30, 2026, March 31, 2026, and June 30, 2025.

Capital, Liquidity & shareholder returns

Strong capital levels provide ability to execute on growth initiatives while also returning capital to shareholders.

CET1: 12.3%, up 10 bps from prior quarter and a year ago.
Tangible Common Equity Ratio: 8.4%, up 10 bps from prior quarter and 30 bps from a year ago.
Tangible Book Value per Share: $40.48¹, representing 6% year-over-year growth.
AOCI declined by $13.9 million from prior quarter primarily due to an increase in unrealized losses on investment securities available for sale. Compared to a year ago, AOCI improved by $14.3 million, reflecting lower unrealized losses on investment securities available for sale.

____________________
¹	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, July 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/10209248/10404062ea0. 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 $34.9 billion at June 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)

	June 30, 2026			March 31, 2026			June 30, 2025
ASSETS
Cash and due from banks:
Non-interest bearing	$	11,998		$	13,336		$	15,595
Interest bearing		355,875			371,605			785,699
Cash and cash equivalents		367,873			384,941			801,294
Investment securities		9,317,614			9,505,168			9,401,071
Non-marketable equity securities		144,652			149,590			174,234
Loans		23,929,073			24,134,929			23,933,527
Allowance for credit losses		(217,516	)		(208,790	)		(222,730	)
Loans, net		23,711,557			23,926,139			23,710,797
Bank owned life insurance		315,848			314,165			294,855
Operating lease equipment, net		157,272			150,214			214,455
Goodwill		77,637			77,637			77,637
Other assets		789,789			850,759			785,364
Total assets	$	34,882,242		$	35,358,613		$	35,459,707

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Demand deposits:
Non-interest bearing	$	9,934,638		$	8,943,844		$	9,112,888
Interest bearing		6,619,044			6,449,405			5,583,663
Savings and money market		9,958,785			9,939,985			10,171,156
Time		2,368,781			4,026,866			3,778,234
Total deposits		28,881,248			29,360,100			28,645,941
Federal funds purchased		265,000			—			—
FHLB advances		1,630,000			1,755,000			2,255,000
Notes and other borrowings		318,936			319,340			708,937
Other liabilities		783,653			908,636			896,812
Total liabilities		31,878,837			32,343,076			32,506,690

Commitments and contingencies

Stockholders' equity:
Common stock, par value $0.01 per share, 400,000,000 shares authorized; 72,276,530, 73,354,206 and 75,218,911 shares issued and outstanding		722			734			752
Paid-in capital		164,020			209,270			306,271
Retained earnings		3,055,604			3,008,613			2,877,237
Accumulated other comprehensive loss		(216,941	)		(203,080	)		(231,243	)
Total stockholders' equity		3,003,405			3,015,537			2,953,017
Total liabilities and stockholders' equity	$	34,882,242		$	35,358,613		$	35,459,707

BANKUNITED, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED (In thousands, except per share data)

	Three Months Ended							Six Months Ended
	June 30, 2026		March 31, 2026			June 30, 2025		June 30, 2026		June 30, 2025
Interest income:
Loans	$	312,991	$	310,162		$	328,090	$	623,153	$	649,474
Investment securities		107,603		106,230			117,346		213,833		231,215
Other		5,916		5,794			8,343		11,710		16,779
Total interest income		426,510		422,186			453,779		848,696		897,468
Interest expense:
Deposits		146,605		148,694			170,695		295,299		344,905
Borrowings		24,577		24,505			36,965		49,082		73,305
Total interest expense		171,182		173,199			207,660		344,381		418,210
Net interest income before provision for credit losses		255,328		248,987			246,119		504,315		479,258
Provision for credit losses		15,559		24,586			15,698		40,145		30,809
Net interest income after provision for credit losses		239,769		224,401			230,421		464,170		448,449
Non-interest income:
Deposit service charges and fees		6,310		6,219			5,323		12,529		10,558
Gain on investment securities, net		941		3,290			347		4,231		1,291
Lease financing		3,885		3,347			4,612		7,232		8,925
Capital markets income		8,081		3,684			7,123		11,765		12,021
Other non-interest income		10,022		8,160			10,405		18,182		17,285
Total non-interest income		29,239		24,700			27,810		53,939		50,080
Non-interest expense:
Employee compensation and benefits		89,432		96,689			83,153		186,121		165,899
Occupancy and equipment		11,192		11,002			10,945		22,194		22,288
Deposit insurance expense		5,334		(1,026	)		6,976		4,308		14,203
Technology		22,910		22,415			23,492		45,325		46,272
Depreciation of operating lease equipment		3,169		3,366			3,869		6,535		7,878
Other non-interest expense		42,611		34,917			35,892		77,528		68,013
Total non-interest expense		174,648		167,363			164,327		342,011		324,553
Income before income taxes		94,360		81,738			93,904		176,098		173,976
Provision for income taxes		23,697		19,863			25,138		43,560		46,734
Net income	$	70,663	$	61,875		$	68,766	$	132,538	$	127,242
Earnings per common share, basic	$	0.97	$	0.83		$	0.91	$	1.80	$	1.70
Earnings per common share, diluted	$	0.97	$	0.83		$	0.91	$	1.79	$	1.68

BANKUNITED, INC. AND SUBSIDIARIES AVERAGE BALANCES AND YIELDS (Dollars in thousands)

	Three Months Ended June 30,							Three Months Ended March 31,							Three Months Ended June 30,
	2026							2026							2025
	Average Balance			Interest ¹		Yield/ Rate ^1,2		Average Balance			Interest¹		Yield/ Rate ^1,2		Average Balance			Interest ¹		Yield/ Rate ^1,2
Assets:
Interest earning assets:
Loans	$	23,839,310		$	315,747	5.31	%	$	23,835,417		$	312,812	5.31	%	$	23,901,218		$	330,805	5.55	%
Investment securities³		9,381,602			108,693	4.64	%		9,471,480			106,953	4.55	%		9,352,504			118,046	5.06	%
Other interest earning assets		682,205			5,916	3.48	%		672,001			5,794	3.49	%		807,721			8,343	4.14	%
Total interest earning assets		33,903,117			430,356	5.09	%		33,978,898			425,559	5.06	%		34,061,443			457,194	5.38	%
Allowance for credit losses		(213,533	)						(218,808	)						(227,191	)
Non-interest earning assets		1,356,431							1,328,791							1,370,990
Total assets	$	35,046,015						$	35,088,881						$	35,205,242
Liabilities and Stockholders' Equity:
Interest bearing liabilities:
Interest bearing demand deposits	$	6,365,179		$	45,432	2.87	%	$	6,033,099		$	43,294	2.91	%	$	5,407,538		$	45,689	3.39	%
Savings and money market deposits		10,083,767			72,729	2.89	%		10,245,692			73,278	2.90	%		10,355,700			88,023	3.41	%
Time deposits		3,251,965			28,444	3.51	%		3,751,256			32,122	3.48	%		3,919,526			36,983	3.79	%
Total interest bearing deposits		19,700,911			146,605	2.99	%		20,030,047			148,694	3.01	%		19,682,764			170,695	3.48	%
FHLB advances		2,028,901			18,991	3.75	%		2,193,944			19,897	3.68	%		2,941,264			27,828	3.79	%
Notes and other borrowings		471,725			5,586	4.74	%		366,487			4,608	5.03	%		709,081			9,137	5.16	%
Total interest bearing liabilities		22,201,537			171,182	3.10	%		22,590,478			173,199	3.11	%		23,333,109			207,660	3.57	%
Non-interest bearing demand deposits		9,027,557							8,463,491							7,993,915
Other non-interest bearing liabilities		776,682							930,784							931,879
Total liabilities		32,005,776							31,984,753							32,258,903
Stockholders' equity		3,040,239							3,104,128							2,946,339
Total liabilities and stockholders' equity	$	35,046,015						$	35,088,881						$	35,205,242
Net interest income				$	259,174						$	252,360						$	249,534
Interest rate spread						1.99	%						1.95	%						1.81	%
Net interest margin						3.06	%						2.99	%						2.93	%

____________________
¹	On a tax-equivalent basis where applicable
²	Annualized
³	At fair value

BANKUNITED, INC. AND SUBSIDIARIES AVERAGE BALANCES AND YIELDS (Dollars in thousands)

	Six Months Ended June 30,
	2026							2025
	Average Balance			Interest ⁽¹⁾		Yield/ Rate ⁽¹⁾⁽²⁾		Average Balance			Interest ⁽¹⁾		Yield/ Rate ⁽¹⁾⁽²⁾
Assets:
Interest earning assets:
Loans	$	23,837,373		$	628,561	5.31	%	$	23,917,488		$	654,918	5.51	%
Investment securities ⁽³⁾		9,426,293			215,644	4.59	%		9,229,050			232,636	5.06	%
Other interest earning assets		677,425			11,710	3.49	%		801,797			16,779	4.22	%
Total interest earning assets		33,941,091			855,915	5.07	%		33,948,335			904,333	5.36	%
Allowance for credit losses		(216,156	)						(227,672	)
Non-interest earning assets		1,342,393							1,370,321
Total assets	$	35,067,328						$	35,090,984
Liabilities and Stockholders' Equity:
Interest bearing liabilities:
Interest bearing demand deposits	$	6,200,056		$	88,726	2.89	%	$	5,111,328		$	85,582	3.37	%
Savings and money market deposits		10,164,282			146,007	2.89	%		10,593,396			179,802	3.42	%
Time deposits		3,500,231			60,566	3.49	%		4,122,014			79,521	3.89	%
Total interest bearing deposits		19,864,569			295,299	3.00	%		19,826,738			344,905	3.50	%
FHLB advances		2,110,967			38,889	3.72	%		2,966,188			55,034	3.74	%
Notes and other borrowings		419,396			10,193	4.86	%		709,059			18,271	5.16	%
Total interest bearing liabilities		22,394,932			344,381	3.10	%		23,501,985			418,210	3.58	%
Non-interest bearing demand deposits		8,747,082							7,705,120
Other non-interest bearing liabilities		853,307							968,195
Total liabilities		31,995,321							32,175,300
Stockholders' equity		3,072,007							2,915,684
Total liabilities and stockholders' equity	$	35,067,328						$	35,090,984
Net interest income				$	511,534						$	486,123
Interest rate spread						1.97	%						1.78	%
Net interest margin						3.03	%						2.87	%

____________________
(1)	On a tax-equivalent basis where applicable
(2)	Annualized
(3)	At fair value

BANKUNITED, INC. AND SUBSIDIARIES EARNINGS PER COMMON SHARE (In thousands except share and per share amounts)

	Three Months Ended									Six Months Ended
	June 30, 2026			March 31, 2026			June 30, 2025			June 30, 2026			June 30, 2025
Basic earnings per common share:
Numerator:
Net income	$	70,663		$	61,875		$	68,766		$	132,538		$	127,242
Distributed and undistributed earnings allocated to participating securities		(1,094	)		(911	)		(979	)		(2,000	)		(1,799	)
Income allocated to common stockholders for basic earnings per common share	$	69,569		$	60,964		$	67,787		$	130,538		$	125,443
Denominator:
Weighted average common shares outstanding		72,630,405			74,518,354			75,222,756			73,569,419			75,071,593
Less average unvested stock awards		(1,180,777	)		(1,138,483	)		(1,124,872	)		(1,159,749	)		(1,113,205	)
Weighted average shares for basic earnings per common share		71,449,628			73,379,871			74,097,884			72,409,670			73,958,388
Basic earnings per common share	$	0.97		$	0.83		$	0.91		$	1.80		$	1.70
Diluted earnings per common share:
Numerator:
Income allocated to common stockholders for basic earnings per common share	$	69,569		$	60,964		$	67,787		$	130,538		$	125,443
Adjustment for earnings reallocated from participating securities		4			4			5			8			9
Income used in calculating diluted earnings per common share	$	69,573		$	60,968		$	67,792		$	130,546		$	125,452
Denominator:
Weighted average shares for basic earnings per common share		71,449,628			73,379,871			74,097,884			72,409,670			73,958,388
Dilutive effect of certain share-based awards		342,179			511,677			523,812			426,460			543,043
Weighted average shares for diluted earnings per common share		71,791,807			73,891,548			74,621,696			72,836,130			74,501,431
Diluted earnings per common share	$	0.97		$	0.83		$	0.91		$	1.79		$	1.68

BANKUNITED, INC. AND SUBSIDIARIES SELECTED RATIOS

	At or for the Three Months Ended									At or for the Years Ended
	June 30, 2026			March 31, 2026			June 30, 2025			June 30, 2026			June 30, 2025
Financial ratios¹
Return on average assets		0.81	%		0.72	%		0.78	%		0.76	%		0.73	%
Return on average stockholders’ equity		9.3	%		8.1	%		9.4	%		8.7	%		8.8	%
Net interest margin²		3.06	%		2.99	%		2.93	%		3.03	%		2.87	%
Loans to deposits		82.9	%		82.3	%		83.6	%		82.9	%		83.6	%
Tangible book value per common share	$	40.48		$	40.05		$	38.23		$	40.48		$	38.23

	June 30, 2026		March 31, 2026		June 30, 2025
Asset quality ratios
Non-performing loans to total loans^3,4	0.94	%	1.14	%	1.57	%
Non-performing assets to total assets ^4,5	0.66	%	0.79	%	1.08	%
ACL to total loans	0.91	%	0.87	%	0.93	%
Commercial ACL to commercial loans ⁶	1.30	%	1.25	%	1.36	%
ACL to non-performing loans^3,4	97.14	%	75.90	%	59.18	%
Net charge-offs to average loans ⁷	0.11	%	0.61	%	0.21	%

	June 30, 2026				March 31, 2026				June 30, 2025				Required to be Considered Well Capitalized
	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	%	9.4	%	8.9	%	9.4	%	8.8	%	9.3	%	5.0	%
Common Equity Tier 1 ("CET1") risk-based capital	12.3	%	13.0	%	12.2	%	12.9	%	12.2	%	13.0	%	6.5	%
Total risk-based capital	13.9	%	13.9	%	14.0	%	13.7	%	14.3	%	13.9	%	10.0	%
Tangible Common Equity/Tangible Assets	8.4	%	N/A		8.3	%	N/A		8.1	%	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 $31.8 million or 0.13% of total loans and 0.09% of total assets at June 30, 2026, $33.8 million or 0.14% of total loans and 0.10% of total assets at March 31, 2026, and $35.9 million or 0.15% of total loans and 0.10% of total assets at June 30, 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 June 30, 2026, March 31, 2026, and June 30, 2025.

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

	June 30, 2026		March 31, 2026		June 30, 2025
Total stockholders’ equity	$	3,003,405	$	3,015,537	$	2,953,017
Less: goodwill and other intangible assets		77,637		77,637		77,637
Tangible stockholders’ equity	$	2,925,768	$	2,937,900	$	2,875,380

Common shares issued and outstanding		72,276,530		73,354,206		75,218,911

Book value per common share	$	41.55	$	41.11	$	39.26

Tangible book value per common share	$	40.48	$	40.05	$	38.23

	Quarter Ended
	June 30, 2026		March 31, 2026		June 30, 2025
Pre-Provision Net Revenue ("PPNR")
Income before income taxes	$	94,360	$	81,738	$	93,904
Provision for credit losses		15,559		24,586		15,698
PPNR	$	109,919	$	106,324	$	109,602

View source version on businesswire.com: https://www.businesswire.com/news/home/20260722822461/en/

BankUnited, Inc.

Investor Relations:

James G. Mackey, 305-231-6793