BankUnited reported Q2 2026 EPS of $0.97 and revenue of $284.57 million

• BankUnited reported second-quarter net income of $70.7 million, with diluted EPS of $0.97 missing the $1.01 analyst estimate.
• Revenue of $284.57 million missed the $290.45 million consensus, while shares were unchanged at $48.07 in the latest available quote.
• Record non-interest-bearing deposits and lower non-performing loans supported BankUnited’s continued balance-sheet repositioning.

BankUnited (NYSE:BKU) reported second-quarter net income of $70.7 million, or $0.97 per share, below the $1.01 analyst estimate.

Revenue reached $284.57 million, below the $290.45 million consensus, while EPS increased from $0.91 one year earlier.

Ending non-interest-bearing deposits rose 11% to $9.93 billion, while non-performing loans declined 19% and reserve coverage reached 97.14%.

Following the announcement, BankUnited's share price was unchanged at $48.07 in the latest available early-trading quote.

Average core loans increased $195 million, while total average loans remained flat as BankUnited continued reducing non-core balances.

BankUnited also repurchased 1.1 million shares for $50.1 million and reduced wholesale funding by $1.4 billion during the quarter.