BankUnited (BKU) investor relations material

Executive summary

• Achieved double-digit EPS, earnings, and PP&R growth for the year, with margin expansion of 22 basis points year-over-year.

• Reported 4Q 2025 net income of $69.3 million ($0.90 per share); adjusted EPS was $0.94, excluding a one-time software write-down.

• Organic growth strategy and operational discipline led to improved profitability and capital returns, including a $0.02 dividend increase and $200 million additional share repurchase authorization.

• Core loans grew by $769 million in Q4, with broad-based contributions across business lines.

• Non-interest bearing deposits increased $485 million in Q4 and $1.5 billion for the year, reaching 31% of total deposits.

Financial highlights

• Net interest income for Q4 was $258.2 million, up $19 million year-over-year and $8.1 million sequentially.

• Net interest margin (NIM) expanded to 3.06%, up 22 bps year-over-year and 6 bps sequentially.

• Pre-provision net revenue (PPNR) for Q4 was $115.4 million, up 5% sequentially and 11% year-over-year.

• Annualized ROA was 0.78% (0.81% adjusted); ROE was 8.2% (8.9% adjusted).

• Non-interest income for Q4 was $30.0 million, up from $25.6 million in the prior quarter.

Outlook and guidance

• 2026 guidance targets 6% core loan growth, 6% average deposit growth, 8% revenue growth, and 9% net interest income growth.

• NIM expected to rise to 3.20% in 4Q26; expenses to increase 4%.

• CET1 capital ratio projected at 11.6% for 2026, with up to $250 million in stock buybacks planned.

• Provision for credit losses expected to be flat year-over-year; guidance assumes stable economic environment and two Fed rate cuts.

• Management expects to maintain strong performance in NIM, ROA, ROE, and EPS.