Quarterly ResultApr 22, 2026, 06:56 AM
BankUnited Reports Q1 2026 Net Income of $61.9M, EPS $0.83
AI Summary
BankUnited, Inc. reported a net income of $61.9 million and diluted EPS of $0.83 for the first quarter of 2026. While these figures represent an increase from the same quarter last year, they show a slight decline compared to the previous quarter. The company also saw a significant increase in total deposits, excluding brokered deposits, up $1.4 billion from a year ago, indicating market share gains despite a seasonally slow quarter.
Key Highlights
- Net income for Q1 2026 was $61.9 million, up from $58.5 million year-over-year.
- Diluted EPS for Q1 2026 was $0.83, up from $0.78 year-over-year.
- Total Deposits excluding brokered increased by $1.4 billion year-over-year.
- Net interest margin was 2.99% in Q1 2026, up 0.18% from a year ago.
- Net income decreased by $7.4 million from the prior quarter.