BankUnited, Inc. (BKU) SEC Filings & Earnings Calls

Non-interest income declined due to loss on investment securities sale and lower lease financing income.

“Non-interest income decreased from prior quarter and from a year ago due to loss on sale of investment securities of $2.3M and lower lease financing income.”

Non-interest expense increased YoY due to higher employee compensation and deposit-related costs.

“Non-interest expense increased compared to a year ago primarily as a result of increases in employee compensation and deposit-related costs due to competition.”

Office CRE exposure

“Non-performing CRE loans, excluding SBA loans, totaled $30 million at June 30, 2026 and were entirely comprised of office exposure.” · word for word

Unrealized losses on securities portfolio

“The investment securities AFS portfolio was in a net unrealized loss position of $282.3 million at June 30, 2026, increasing by $15.2 million compared to a net unrealized loss position of $267.1 million at December 31, 2025.” · word for word

Elevated operational losses and real estate owned asset disposition loss may indicate operational risk.

“Loss associated with a single real estate owned asset disposition of $1.1 million and elevated operational losses of $1.3 million.” · word for word

Potential dilution from new equity plan shares, though modest relative to outstanding shares.

“1,500,000 new shares authorized under the Amended and Restated 2023 Omnibus Equity Incentive Plan.”

No material risk; standard executive compensation amendment.

“Routine amendment to CFO severance agreement.”

Credit risk from C&I specific reserves

“The most significant factor impacting the provision for credit losses for the three months ended March 31, 2026 was an increase in specific reserves, primarily related to two C&I loans in unrelated industries.” · word for word

Net interest margin compression from asset sensitivity

“The decline reflected variable rate assets repricing faster than the continued improvement in funding cost and funding mix dynamics.” · word for word

Office CRE exposure

“Non-performing CRE loans, excluding SBA loans, totaled $67 million at March 31, 2026 and included $48 million of office exposure.” · word for word

NPLs increased 6% YoY, though criticized/classified loans declined 24%.

“NPLs up $15 million, or 6% from a year ago”

NIM declined 7 bps QoQ due to seasonal factors and rate dynamics.

“NIM down 7 bps from prior quarter”

Interest Rate Risk

“Maintained neutral asset/liability interest rate risk posture” · word for word

Credit Risk

“credit quality within risk tolerance and internal controls ... satisfactory credit and liquidity stress testing results” · word for word

Credit loss provision increase

“The provision for credit losses was $67.9 million for the year ended December 31, 2025, compared to $55.1 million for the year ended December 31, 2024.” · word for word

Non-performing loans increase

“non-performing loans increased by $122 million for the year ended December 31, 2025.” · word for word

Commercial real estate office exposure

“the ACL to loans ratio for CRE office loans was 2.03%.” · word for word

Net charge-offs elevated at 0.30% for full year 2025.

“Net Charge-offs: 0.30% for full year 2025, from 0.26% from the prior quarter.” · word for word

Provision for credit losses increased to $25.6M driven by specific reserves on two C&I loans.

“Provision for Credit Losses: $25.6 million for Q4; driven by increased specific reserves related to two C&I loans.” · word for word

CFO departure creates leadership uncertainty, though transition appears orderly with continued advisory role.

“CFO stepped down, no successor named yet”

Minimal risk: succession was pre-announced and orderly; no compensation changes or departures beyond CFO.

“The Company previously disclosed the hiring of Mr. Mackey in the Current Report on Form 8-K filed on July 25, 2025.” · word for word

Office CRE credit risk

“Non-performing CRE loans, excluding SBA loans, totaled $136 million at September 30, 2025 and included $119 million of office exposure.” · word for word

Non-accrual loan growth

“Non-accrual loans increased by $129 million for the nine months ended September 30, 2025.” · word for word

Concentration in New York tri-state office

“The New York tri-state market encompasses approximately 18% of the office segment, with $85 million of exposure in Manhattan.” · word for word