Quarterly ResultMay 7, 2026, 04:41 PM
BankUnited Q1 Net Income $61.88M, EPS $0.83; Repurchases $59.95M Stock
AI Summary
BankUnited, Inc. reported a net income of $61.88 million for Q1 2026, a 5.8% increase year-over-year, with diluted earnings per share rising to $0.83. The company also repurchased $59.95 million of common stock during the quarter. Net interest income before provision for credit losses grew by 6.8% to $248.99 million, while the provision for credit losses increased significantly by 62.7% to $24.59 million.
Key Highlights
- Net income increased 5.8% to $61.88 million for Q1 2026.
- Diluted EPS rose 6.4% to $0.83 for Q1 2026.
- Repurchased $59.95 million of common stock in Q1 2026.
- Net interest income before provision for credit losses grew 6.8% to $248.99 million.
- Provision for credit losses increased 62.7% to $24.59 million.
- Total assets reached $35.36 billion as of March 31, 2026.
- Total deposits were $29.36 billion as of March 31, 2026.
- Allowance for credit losses decreased 5.0% to $208.79 million.