BankUnited, Inc.

BankUnited reported strong financial results for the second quarter of 2026, with net income rising to $70.7 million and diluted EPS reaching $0.97. The company demonstrated significant franchise momentum, driven by record non-interest-bearing deposits, improved credit quality, and solid fee income performance. Key metrics such as Net Interest Margin and average core loans also showed positive trends, while non-performing loans declined substantially. The company also returned capital to shareholders through share repurchases.

BankUnited, Inc. shareholders approved the Amended and Restated 2023 Omnibus Equity Incentive Plan at the Annual Meeting, increasing the shares available for issuance by 1,500,000 to a total of 2,301,549 and extending the plan's termination date to May 21, 2036. Additionally, shareholders elected nine directors, ratified Deloitte & Touche LLP as the independent auditor for 2026, and approved the compensation of the company's named executive officers in an advisory vote.

BankUnited, Inc. announced an amendment to the letter agreement with its Chief Financial Officer, James Mackey, on May 11, 2026. The change modifies his prior change-in-control retention bonus into a "double-trigger" severance benefit. Under the new terms, Mr. Mackey will receive a lump sum severance equal to two times his annual base salary if his employment is terminated by the Company without "cause" or by him for "good reason" within two years following a change in control, subject to a release of claims.

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.

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.