BankUnited Q3 EPS $1.01 Beats Prior Quarter as Margin Tops Guidance
BKU sits 17% above its 52-week low of $36.05.
Summary
BankUnited earned $72.2M, or $1.01 per diluted share, in Q3 2026 — up from $0.97 last quarter and $0.95 a year ago — though adjusted EPS excluding securities sales was $1.03 and missed estimates, with non-interest income declining. Net interest margin rose to 3.16%, up 10 bps QoQ and 16 bps YoY, which management said was ahead of guidance, helped by deposit costs falling 6 bps to 1.99%. The quarter included a $2.3M loss on the strategic sale of roughly $1B of lower-yielding securities, reinvested at higher yields. Credit is mostly clean — net charge-offs held at 0.11% and criticized loans fell $10M — but non-performing loans rose $40M (18%) QoQ and AOCI worsened by $137.8M on unrealized securities losses, pushing tangible book value per share down to $39.10 from $40.48. They also bought back $97.0M of stock (~2.1M shares) in the quarter. The 9:00 a.m. ET call today will be the venue for guidance detail.
At the time of this announcement, BKU was trading at $42.32 on NYSE in the Finance sector, with a market capitalization of approximately $3B. The 52-week trading range was $36.05 to $52.11. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: BusinessWire.