Full Transcript: BankUnited Q2 2026 Earnings Call

BankUnited (NYSE: BKU ) reported second-quarter financial results on Wednesday.

The transcript from the company's second-quarter earnings call has been provided below.

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The full earnings call is available at Summary BankUnited Inc. reported strong NIDDA growth, achieving a record high of 34.4% of total deposits and nearing a milestone of $10 billion in deposits.

Earnings per share were $0.97, with net income at $71 million and ROE improving to 9.3%.

Core deposits increased significantly, with NIDDA up 13% year over year, slightly ahead of guidance.

The company reduced brokered deposits to just over 10% as part of strategic initiatives.

Loan growth was slower than expected, prompting a slight adjustment in guidance, with a focus on maintaining disciplined pricing and relationship-based lending.

Net interest margin improved to 3.06%, aided by a funding mix improvement.

Credit quality was strong, with charge-offs reduced to $6.4 million and non-performing loans decreasing by 40% year to date.

Management highlighted strong fee income driven by capital markets and commercial card activities.

Future outlook includes expectations for continued NIDDA growth and a strategic focus on core deposits and disciplined lending.

Management noted the competitive lending environment and the need to balance risk and pricing.

Full Transcript OPERATOR There will be an opportunity to ask questions.

To ask a question, you may press star then one on a touch-tone phone.

To withdraw your question, please press star then two.

Please note this event is being recorded.

I would now like to turn the conference over to Jackie Bravo, Corporate Secretary.

Please go ahead.

Jackie Bravo, Corporate Secretary Thank you, Chloe.

Good morning and thank you everyone for joining us today for BankUnited Inc.'s second quarter 2026 results conference call.

On the call this morning are Raj Singh, Chairman, President and CEO; Jim Mackey, Chief Financial Officer; and Tom Cornish, Chief Operating Officer.

Before we begin, please note that our remarks today may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

These statements reflect current expectations and are subject to various risks and uncertainties that could cause actual results to differ materially.

The Company does not undertake any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise.

Additional information regarding these risks can be found in the Company's annual report on Form 10-K for the year ended December 31, 2025 and any subsequent quarterly report on Form 10-Q or current report on Form 8-K, which are available at the SEC's website.

With that, I'd like to turn the call over to Mr.

Raj Singh.

Raj Singh — President and Chief Executive Officer Thank you, Jackie.

Thanks everyone.

I know it's a busy day.

We'll be quick with our comments and get you to Q&A.

Before I start the earnings and get into the numbers, I was looking at actually the transcript from our last call and I read the very last comment that I made.

There was a question that was asked, I forget who asked that question, which was if there's one thing that you're looking at that matters more than anything else, what is it? I'm paraphrasing, and my answer was NIDDA.

NIDDA growth is the most important thing for us and if we take care of that, everything else will take care of itself.