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. APIs provide real-time access to earnings call transcripts and financial data. Visit to learn more.

The full earnings call is available at Summary BankUnited Inc. 4% of total deposits and nearing a milestone of $10 billion in deposits. 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. 06%, aided by a funding mix improvement. 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. '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. So I'm happy to announce NIDDA growth this quarter came in exactly where we expected.

But more importantly, we reached a pretty big milestone that internally we've been focused on for quite some time. 4%. We set the high-water mark during the height of COVID when money was free, rates were zero and everyone was flush with DDA. And over the last few years we've been working hard to bring that level back up.

So we're very happy to report we're now at a record high in the company's history of that ratio, which is a very important number for us in terms of building long-term franchise value. We're also almost at a milestone of $10 billion. It ticks me off that we missed it by just an inch or two. 935 or something like that.

But I hope you'll indulge me and let me call it $10 billion. So that was also a pretty big battle cry inside the company for the last several months. And I'm very happy. I want to take a moment to thank everyone in the company.

It takes a village. It's not just a few people in the company. Everyone from the front line to the back office and everyone in between has been working very hard over many years to achieve this. I actually even went back and looked at that.

Over the last 10 years we have grown our deposit portfolio by about $10 billion. And 7 of that 10 billion has been NIDDA. That's remarkable. And by the way, of course it goes without saying, all of it done one client at a time, not through acquisitions.

We didn't pay for this through goodwill or anything. Just good old-fashioned bringing in one client at a time. So I just wanted to start off with that. It's a pretty big thing for us and we've been focused on it.

Of course the new targets will be sent out to everyone's inbox before the end of the day. 4. We want to move this further. With that having been said, let me get back into the earnings.

These are period-end numbers. Obviously this is our biggest quarter. So I've always said focus on averages. So I'll talk more about averages because that's what drives the P&L.

But I just wanted to get that out of the way. 97 a share. Net income of about $71 million. 1%.

3%. Deposits, like I said, pre