earnings
confidence high
sentiment positive
materiality 0.65
BankUnited Q3 EPS $1.01, NIM 3.16%; guides Q4 NIM ~3.20% and NII ~$265M
BankUnited, Inc.
- Net income $72.2M; diluted EPS $1.01 vs $0.95 a year ago; adjusted EPS $1.03 vs $0.94, excluding a $2.3M pre-tax securities-sale loss.
- Net interest income $260.7M; NIM 3.16%, up 16 bps YoY and 10 bps QoQ, which CEO Rajinder Singh said was ahead of guidance.
- Q4 2026 guidance: NIM ~3.20%, net interest income ~$265M, ending core loans $17.6B-$17.7B, provision ~$15M, non-interest expense ~$178M.
- Provision for credit losses $9.0M, down 23% YoY; NPLs $264M, down 30% YoY but up 18% QoQ; criticized/classified loans down 14% YoY to $1.0B.
- Repurchased ~2.1M shares for $97.0M in Q3; CET1 ratio 12.1%; average NIDDA up $824M, or 10% YoY, and 32.2% of ending deposits.