BankUnited, Inc. Reports 4Q 2025 Net Income of $69 million, $0.90 Diluted EPS, Reflecting 6 Basis Point NIM Expansion, $485 million Non-Interest Bearing Deposit Growth and $769 million Core Loan Growth.

Full Year 2025 Net Income of $268 million, $3.53 Diluted EPS, Up 15% from Prior Year. Expands Share Repurchase Program by Additional $200 Million and Quarterly Dividend Increase of $0.02. MIAMI LAKES, Fla.--(BUSINESS WIRE)--Jan. 21, 2026-- BankUnited, Inc. (the “Company”) (NYSE: BKU) today announced financial results for the quarter and year ended December 31, 2025. "We are pleased to report strong fourth quarter earnings, concluding an outstanding year for BankUnited. We continue to execute our organic growth strategy which has resulted in strong performance in NIM, ROA, ROE and EPS. In recognition of this strong performance, we are announcing an additional stock buyback authorization of $200 million and an increase to our next quarterly dividend of $0.02 per share," said Rajinder Singh, Chairman, President and Chief Executive Officer. Fourth Quarter and Full Year 2025 Highlights Earnings Net income was up meaningfully in 2025, increasing 15% compared to 2024. 4Q 2025 Net Income: $69.3 million, impacted by a $3.8 million software write-down; $0.90 EPS, and annualized ROA of 0.78%. $115.4 million PPNR, up 5% from prior quarter, and up 11% from 4Q 2024. Adjusted 4Q 2025 Net Income (excluding one-time item): $72.0 million; $0.94 EPS, and annualized ROA of 0.81%. Full Year Net Income: $268.4 million, up 15% from 2024; $3.53 EPS versus $3.08 in 2024. 0.77% ROA versus 0.66% in 2024. $429.7 million PPNR, up 16% from 2024. Net Interest Income & Margin We continue to expand NIM; this expansion coupled with solid core loan growth, resulted in strong NII growth. Net Interest Margin (tax-equivalent): 3.06% for the quarter, up 0.06% from prior quarter and 0.22% from 4Q 2024. 2.95% for the full year, up 0.22% from 2024. Net Interest Income; Increased $8.1 million from prior quarter and $19.0 million, or 8% from 4Q 2024. Increased $73.3 million, or 8% from 2024. Deposits & Funding Despite 4Q typically being a seasonally slow quarter for BankUnited, we achieved strong Non-Interest Bearing Deposits ("NIDDA") growth. NIDDA: up $485 million from prior quarter and $1.5 billion for the year, or 20%. Represents 31% of total deposits at December 31, 2025. Total Deposits: Grew $735 million in Q4 and $1.5 billion for the year. Non-Brokered Deposits: Up $376 million in Q4 and $1.8 billion for the year. Average Cost of Deposits: Declined 0.20% to 2.18%; spot APY fell to 2.10% from 2.31% for the prior quarter. Wholesale Funding: Reduced by $166 million in Q4 and $1.7 billion for the year. Loan Growth & Portfolio Mix Strong production across all core businesses lines contributed to robust loan growth in the quarter. Total Loans: Increased $571 million in Q4; Core loans (CRE, C&I and MWL): Up $769 million. Residential and other loans: Down $198 million (consistent with balance sheet strategy). Loan-to-Deposit Ratio: Stable at 82.7%. Credit Quality While non-performing loans and criticized / capitalized loans declined; net charge offs were elevated, attributable to four loans in unrelated industries and geographies. Criticized and Classified Loans: Declined $27 million in Q4 and $185 million from Q4 2024, Non-Performing Loans: Down $7 million from prior quarter, up $122 million from Q4 2024, NPA Ratio: 1.08%, including 0.11% related to guaranteed portion of SBA loans, down from 1.10%, including 0.11% related to SBA, in prior quarter. Net Charge-offs: 0.30% for full year 2025, from 0.26% from the prior quarter. Allowance & Provision Provision for Credit Losses: $25.6 million for Q4; driven by increased specific reserves related to two C&I loans. ACL Coverage: 0.91% of total loans 1.30% for commercial portfolio 2.03% for CRE office 58.99% of non-performing loans Capital & Shareholder Returns Strong capital levels have created an ability to increase capital returns to shareholders CET1: 12.3%, down 20 bps from prior quarter but up 30 bps from a year ago. AOCI improved by $15.6 million from prior quarter and $94.9 million from a year ago. Tangible Common Equity Ratio: 8.5%, up from Q3 and year-end 2024. Tangible Book Value per Share: $40.14, representing 10% year-over-year growth. Share Repurchases: Approximately 1.1 million shares repurchased in Q4 for $44.8 million, at an average price of $41.08. The Company's Board of Directors authorized the following capital actions: An increase of $0.02 per share in the Company's common stock dividend for future quarterly dividends, to $0.33 per common share, a 6% increase from the Company's previous level of $0.31 per share. Authorized the repurchase of up to an additional $200 million in shares of the Company's outstanding common stock Loans Loan portfolio composition at the dates indicated follows (dollars in thousands): December 31, 2025 September 30, 2025 December 31, 2024 Core loan segments: Non-owner occupied commercial real estate $ 6,105,207 25.2 % $ 5,820,343 24.6 % $ 5,652,203 23.3 % Construction and land 705,664 2.9 % 714,272 3.0 % 561,989 2.3 % Owner occupied commercial real estate 2,020,572 8.3 % 1,943,331 8.2 % 1,941,004 8.0 % Commercial and industrial 7,008,903 28.8 % 6,612,538 27.8 % 7,042,222 28.9 % Mortgage warehouse lending ("MWL") 728,241 3.0 % 709,185 3.0 % 585,610 2.4 % 16,568,587 68.2 % 15,799,669 66.6 % 15,783,028 64.9 % Franchise and equipment finance 102,746 0.4 % 134,635 0.6 % 213,477 0.9 % Pinnacle - municipal finance 619,374 2.6 % 637,198 2.7 % 720,661 3.0 % Residential 6,983,000 28.8 % 7,130,992 30.1 % 7,580,814 31.2 % $ 24,273,707 100.0 % $ 23,702,494 100.0 % $ 24,297,980 100.0 % For the quarter ended December 31, 2025, total loans grew by $571 million. The CRE and C&I portfolio segments grew by $276 million and $474 million, respectively while MWL grew by $19 million. Consistent with our balance sheet strategy, residential loans declined by $148 million; the franchise, equipment, and municipal finance portfolios declined by an aggregate $50 million. Asset Quality and the ACL The following table presents information about the ACL at the dates indicated as well as net charge-off rates for the periods ended December 31, 2025, September 30, 2025 and December 31, 2024 (dollars in thousands): ACL ACL to Total Loans Commercial ACL to Commercial Loans(2) ACL to Non- Performing Loans Net Charge-offs to Average Loans (1) December 31, 2025 $ 219,825 0.91 % 1.30 % 58.99 % 0.30 % September 30, 2025 $ 219,884 0.93 % 1.35 % 57.95 % 0.26 % December 31, 2024 $ 223,153 0.92 % 1.37 % 89.01 % 0.16 % ____________________________ (1) Annualized for the nine months ended September 30, 2025; ratios for December 31, 2025 and 2024 represent annual net charge-off rate. (2) For purposes of this ratio, commercial loans includes the core C&I and CRE sub-segments as presented in the table above The ACL at December 31, 2025 represents management's estimate of lifetime expected credit losses, or the amount of amortized cost not expected to be collected, given an assessment of historical data, current conditions, and a reasonable and supportable economic forecast as of the balance sheet date. For the quarter ended December 31, 2025, the provision for credit losses, including portions related to both funded and unfunded loan commitments, was $25.6 million, compared to $11.6 million for the immediately preceding quarter ended September 30, 2025 and $11.0 million for the quarter ended December 31, 2024. The most significant factor impacting the provision for credit losses for the quarter ended December 31, 2025 was an increase in specific reserves, primarily related to two C&I loans in unrelated industries. Net charge-offs also impacted the ACL. The following table summarizes the activity in the ACL for the periods indicated (in thousands): Three Months Ended Years Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Beginning balance $ 219,884 $ 222,730 $ 228,249 $ 223,153 $ 202,689 Provision 24,843 11,851 12,267 68,351 58,986 Net charge-offs (24,902 ) (14,697 ) (17,363 ) (71,679 ) (38,522 ) Ending balance $ 219,825 $ 219,884 $ 223,153 $ 219,825 $ 223,153 Charge-offs for the quarter ended December 31, 2025 related primarily to four C&I loans. As detailed in the following table, total criticized and classified commercial loans declined by $27 million for the quarter (in thousands): December 31, 2025 September 30, 2025 December 31, 2024 CRE Total Commercial CRE Total Commercial CRE Total Commercial Special mention $ 82,147 $ 175,009 $ 54,562 $ 136,640 $ 58,771 $ 262,387 Substandard - accruing 474,592 674,368 521,284 733,615 633,614 894,754 Substandard - non-accruing 108,959 300,903 149,993 306,953 95,378 219,758 Doubtful — 48,247 — 48,635 — 6,856 Total $ 665,698 $ 1,198,527 $ 725,839 $ 1,225,843 $ 787,763 $ 1,383,755 Net Interest Income Net interest income for the quarter ended December 31, 2025 was $258.2 million, compared to $250.1 million for the immediately preceding quarter ended September 30, 2025. Interest income decreased by $10.5 million for the quarter ended December 31, 2025 while interest expense decreased by $18.6 million. The decline in interest expense related to both a lower average cost of funds and lower average balance of interest bearing liabilities. The Company’s net interest margin, calculated on a tax-equivalent basis, increased by 0.06% to 3.06% for the quarter ended December 31, 2025, from 3.00% for the immediately preceding quarter ended September 30, 2025. Factors impacting the net interest margin for the quarter ended December 31, 2025 were: The average rate paid on interest bearing deposits declined to 3.15% for the quarter ended December 31, 2025, from 3.40% for the quarter ended September 30, 2025. This decline reflected actions taken to proactively reduce deposit pricing in response to a lower Federal funds rate and re-pricing of term deposits. The average rate paid on FHLB advances decreased to 3.84% for the quarter ended December 31, 2025 from 3.94% for the quarter ended September 30, 2025, primarily due to repayment of higher rate short-term advances. The average cost of interest bearing liabilities declined to 3.26% for the quarter ended December 31, 2025 from 3.52% for the prior quarter. The redemption of higher cost senior debt in the third quarter positively impacted the cost of funds. The tax-equivalent yield on loans declined to 5.37% for the quarter ended December 31, 2025, from 5.53% for the quarter ended September 30, 2025, reflecting the impact of declining market rates on the predominantly floating rate commercial portfolio. The tax-equivalent yield on investment securities decreased to 4.93% for the quarter ended December 31, 2025, from 5.13% for the quarter ended September 30, 2025. This decrease resulted primarily from the rest of coupon on variable rate securities. Overall, the reduction in cost of interest bearing liabilities outpaced the decline in yield on interest earning assets. Non-interest income and Non-interest expense Non-interest income totaled $30.0 million for the quarter ended December 31, 2025, compared to $25.6 million for the immediately preceding quarter ended September 30, 2025, and $25.2 million for the quarter ended December 31, 2024. For the year ended December 31, 2025 non-interest income totaled $105.6 million compared to $99.2 million for the year ended December 31, 2024. The increase in non-interest income for the quarter and year ended December 31, 2025 was primarily a result of increases in capital markets revenue, consisting of customer derivative revenue, foreign exchange fees and syndication fees. Non-interest expense totaled $172.8 million for the quarter ended December 31, 2025, compared to $166.2 million for the immediately preceding quarter ended September 30, 2025, and $160.5 million for the quarter ended December 31, 2024. For the year ended December 31, 2025, non-interest expense totaled $663.5 million compared to $642.0 million for the year ended December 31, 2024. Non-interest expense for the quarter and year ended December 31, 2025 included $3.8 million of write downs of previously capitalized software. Increases in employee compensation and benefits expense for the quarter and year ended December 31, 2025 compared to the comparable periods of the prior year relate to investments we are making in people to support future growth of the commercial business, regular merit increases, and increased variable compensation cost, related in part to an increase in the Company's stock price. Earnings Conference Call and Presentation A conference call to discuss quarterly results will be held at 9:00 a.m. ET on Wednesday, January 21, 2026 with Chairman, President and Chief Executive Officer Rajinder P. Singh, Chief Financial Officer James G. Mackey and Chief Operating Officer Thomas M. Cornish. The earnings release and slides with supplemental information relating to the release will be available on the Investor Relations page under About Us on www.bankunited.com prior to the call. Due to recent demand for conference call services, participants are encouraged to listen to the call via a live Internet webcast at https://ir.bankunited.com. To participate by telephone, participants will receive dial-in information and a unique PIN number upon completion of registration at https://dpregister.com/sreg/10204934/1007fa66926. For those unable to join the live event, an archived webcast will be available on the Investor Relations page at https://ir.bankunited.com approximately two hours following the live webcast. About BankUnited, Inc. BankUnited, Inc., with total assets of $35.0 billion at December 31, 2025, is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida, with operations in Florida, New York, Dallas, Atlanta, Morristown, New Jersey, and Charlotte, North Carolina. BankUnited provides a full range of consumer and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions, and offers certain commercial lending and deposit products through national platforms. For additional information, call (877) 779-2265 or visit www.BankUnited.com. BankUnited can be found on Facebook at facebook.com/BankUnited.official, LinkedIn @BankUnited and on X @BankUnited. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company’s current views with respect to, among other things, future events and financial performance, dividend payments and stock repurchases. The Company generally identifies forward-looking statements by terminology such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “could,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” "forecasts" or the negative version of those words or other comparable words. Any forward-looking statements contained in this press release are based on the historical performance of the Company and its subsidiaries or on the Company’s current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the Company that the future plans, estimates or expectations contemplated by the Company will be achieved. Such forward-looking statements are subject to various risks and uncertainties and assumptions, including (without limitation) those relating to the Company’s operations, financial results, financial condition, business prospects, growth strategy and liquidity, including as impacted by external circumstances outside the Company's direct control, such as but not limited to adverse events or conditions impacting the financial services industry. If one or more of these or other risks or uncertainties materialize, or if the Company’s underlying assumptions prove to be incorrect, the Company’s actual results may vary materially from those indicated in these statements. These factors should not be construed as exhaustive. The Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements. Information on these factors can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are available at the SEC’s website (www.sec.gov). BANKUNITED, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - UNAUDITED (In thousands, except share and per share data) December 31, 2025 September 30, 2025 December 31, 2024 ASSETS Cash and due from banks: Non-interest bearing $ 11,511 $ 13,589 $ 12,078 Interest bearing 206,273 545,916 479,038 Cash and cash equivalents 217,784 559,505 491,116 Investment securities 9,263,651 9,467,082 9,130,244 Non-marketable equity securities 140,684 165,922 206,297 Loans 24,273,707 23,702,494 24,297,980 Allowance for credit losses (219,825 ) (219,884 ) (223,153 ) Loans, net 24,053,882 23,482,610 24,074,827 Bank owned life insurance 305,313 303,368 284,570 Operating lease equipment, net 171,371 201,777 223,844 Goodwill 77,637 77,637 77,637 Other assets 809,129 817,872 753,207 Total assets $ 35,039,451 $ 35,075,773 $ 35,241,742 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities: Demand deposits: Non-interest bearing $ 9,109,984 $ 8,625,115 $ 7,616,182 Interest bearing 6,189,534 6,609,679 4,892,814 Savings and money market 10,164,703 9,936,797 11,055,418 Time 3,888,684 3,446,696 4,301,289 Total deposits 29,352,905 28,618,287 27,865,703 FHLB advances 1,555,000 2,080,000 2,930,000 Notes and other borrowings 319,740 320,431 708,553 Other liabilities 757,977 1,024,681 923,168 Total liabilities 31,985,622 32,043,399 32,427,424 Commitments and contingencies Stockholders' equity: Common stock, par value $0.01 per share, 400,000,000 shares authorized; 74,138,066, 75,242,935 and 74,748,370 shares issued and outstanding 741 752 747 Paid-in capital 271,695 310,974 301,672 Retained earnings 2,970,988 2,925,806 2,796,440 Accumulated other comprehensive loss (189,595 ) (205,158 ) (284,541 ) Total stockholders' equity 3,053,829 3,032,374 2,814,318 Total liabilities and stockholders' equity $ 35,039,451 $ 35,075,773 $ 35,241,742 BANKUNITED, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED (In thousands, except per share data) Three Months Ended Years Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Interest income: Loans $ 317,539 $ 324,390 $ 336,816 $ 1,291,403 $ 1,389,897 Investment securities 117,878 120,419 121,872 469,512 497,666 Other 6,986 8,113 9,300 31,878 37,553 Total interest income 442,403 452,922 467,988 1,792,793 1,925,116 Interest expense: Deposits 155,875 163,555 188,853 664,335 815,572 Borrowings 28,318 39,255 39,876 140,878 195,278 Total interest expense 184,193 202,810 228,729 805,213 1,010,850 Net interest income before provision for credit losses 258,210 250,112 239,259 987,580 914,266 Provision for credit losses 25,554 11,577 11,001 67,940 55,072 Net interest income after provision for credit losses 232,656 238,535 228,258 919,640 859,194 Non-interest income: Deposit service charges and fees 5,787 5,387 4,988 21,732 20,226 Lease financing 4,662 4,152 7,162 17,739 30,610 Capital markets 9,512 6,117 4,814 27,402 14,444 Other non-interest income 10,032 9,910 8,241 38,766 33,875 Total non-interest income 29,993 25,566 25,205 105,639 99,155 Non-interest expense: Employee compensation and benefits 89,952 85,196 82,315 341,047 315,604 Occupancy and equipment 10,749 10,929 11,776 43,966 45,560 Deposit insurance expense 6,391 6,601 6,662 27,195 36,143 Technology 20,430 21,630 21,002 88,332 82,978 Depreciation of operating lease equipment 4,068 4,423 4,352 16,369 26,127 Other non-interest expense 41,221 37,390 34,365 146,624 135,588 Total non-interest expense 172,811 166,169 160,472 663,533 642,000 Income before income taxes 89,838 97,932 92,991 361,746 316,349 Provision for income taxes 20,578 26,081 23,689 93,393 83,882 Net income $ 69,260 $ 71,851 $ 69,302 $ 268,353 $ 232,467 Earnings per common share, basic $ 0.91 $ 0.96 $ 0.92 $ 3.55 $ 3.10 Earnings per common share, diluted $ 0.90 $ 0.95 $ 0.91 $ 3.53 $ 3.08 BANKUNITED, INC. AND SUBSIDIARIES AVERAGE BALANCES AND YIELDS (Dollars in thousands) Three Months Ended December 31, Three Months Ended September 30, Three Months Ended December 31, 2025 2025 2024 Average Balance Interest (1) Yield/ Rate (1)(2) Average Balance Interest (1) Yield/ Rate (1)(2) Average Balance Interest (1) Yield/ Rate (1)(2) Assets: Interest earning assets: Loans $ 23,697,215 $ 320,252 5.37 % $ 23,533,712 $ 327,266 5.53 % $ 24,152,602 $ 339,725 5.60 % Investment securities (3) 9,583,958 118,573 4.93 % 9,404,188 121,124 5.13 % 9,236,863 122,648 5.31 % Other interest earning assets 737,306 6,986 3.76 % 793,366 8,113 4.06 % 785,947 9,300 4.71 % Total interest earning assets 34,018,479 445,811 5.21 % 33,731,266 456,503 5.38 % 34,175,412 471,673 5.50 % Allowance for credit losses (222,451 ) (227,694 ) (235,211 ) Non-interest earning assets 1,389,731 1,390,051 1,405,129 Total assets $ 35,185,759 $ 34,893,623 $ 35,345,330 Liabilities and Stockholders' Equity: Interest bearing liabilities: Interest bearing demand deposits $ 6,072,259 $ 48,032 3.14 % $ 5,586,547 $ 47,304 3.36 % $ 5,045,860 $ 46,759 3.69 % Savings and money market deposits 10,123,959 77,378 3.03 % 9,921,293 83,862 3.35 % 10,462,295 93,912 3.57 % Time deposits 3,449,304 30,465 3.50 % 3,535,051 32,389 3.63 % 4,529,737 48,182 4.23 % Total interest bearing deposits 19,645,522 155,875 3.15 % 19,042,891 163,555 3.40 % 20,037,892 188,853 3.75 % FHLB advances 2,486,250 24,065 3.84 % 3,221,577 32,027 3.94 % 3,200,652 30,750 3.82 % Notes and other borrowings 328,322 4,253 5.18 % 542,241 7,228 5.34 % 708,689 9,126 5.15 % Total interest bearing liabilities 22,460,094 184,193 3.26 % 22,806,709 202,810 3.52 % 23,947,233 228,729 3.80 % Non-interest bearing demand deposits 8,708,397 8,203,439 7,557,267 Other non-interest bearing liabilities 922,581 868,385 995,789 Total liabilities 32,091,072 31,878,533 32,500,289 Stockholders' equity 3,094,687 3,015,090 2,845,041 Total liabilities and stockholders' equity $ 35,185,759 $ 34,893,623 $ 35,345,330 Net interest income $ 261,618 $ 253,693 $ 242,944 Interest rate spread 1.95 % 1.86 % 1.70 % Net interest margin 3.06 % 3.00 % 2.84 % ____________________________ (1) On a tax-equivalent basis where applicable (2) Annualized (3) At fair value BANKUNITED, INC. AND SUBSIDIARIES AVERAGE BALANCES AND YIELDS (Dollars in thousands) Years Ended December 31, 2025 2024 Average Balance Interest (1) Yield/ Rate (1) Average Balance Interest (1) Yield/ Rate (1) Assets: Interest earning assets: Loans $ 23,765,232 $ 1,302,438 5.48 % $ 24,269,787 $ 1,402,132 5.78 % Investment securities (2) 9,362,652 472,331 5.04 % 9,064,521 501,006 5.53 % Other interest earning assets 783,417 31,878 4.07 % 745,885 37,553 5.03 % Total interest earning assets 33,911,301 1,806,647 5.33 % 34,080,193 1,940,691 5.69 % Allowance for credit losses (226,362 ) (224,673 ) Non-interest earning assets 1,380,186 1,502,205 Total assets $ 35,065,125 $ 35,357,725 Liabilities and Stockholders' Equity: Interest bearing liabilities: Interest bearing demand deposits $ 5,473,316 $ 180,918 3.31 % $ 4,077,852 $ 152,809 3.75 % Savings and money market deposits 10,305,664 341,042 3.31 % 11,043,510 451,352 4.09 % Time deposits 3,804,507 142,375 3.74 % 4,757,675 211,411 4.44 % Total interest bearing deposits 19,583,487 664,335 3.39 % 19,879,037 815,572 4.10 % FHLB advances 2,909,589 111,126 3.82 % 3,823,579 158,750 4.15 % Notes and other borrowings 571,046 29,752 5.21 % 709,422 36,528 5.15 % Total interest bearing liabilities 23,064,122 805,213 3.49 % 24,412,038 1,010,850 4.14 % Non-interest bearing demand deposits 8,083,605 7,239,161 Other non-interest bearing liabilities 931,540 968,163 Total liabilities 32,079,267 32,619,362 Stockholders' equity 2,985,858 2,738,363 Total liabilities and stockholders' equity $ 35,065,125 $ 35,357,725 Net interest income $ 1,001,434 $ 929,841 Interest rate spread 1.84 % 1.55 % Net interest margin 2.95 % 2.73 % ____________________________ (1) On a tax-equivalent basis where applicable (2) At fair value BANKUNITED, INC. AND SUBSIDIARIES EARNINGS PER COMMON SHARE (In thousands except share and per share amounts) Three Months Ended Years Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Basic earnings per common share: Numerator: Net income $ 69,260 $ 71,851 $ 69,302 $ 268,353 $ 232,467 Distributed and undistributed earnings allocated to participating securities (2,311 ) (1,030 ) (1,598 ) (5,697 ) (4,113 ) Income allocated to common stockholders for basic earnings per common share $ 66,949 $ 70,821 $ 67,704 $ 262,656 $ 228,354 Denominator: Weighted average common shares outstanding 74,789,191 75,227,314 74,750,961 75,039,662 74,694,303 Less average unvested stock awards (1,119,854 ) (1,116,965 ) (1,075,384 ) (1,115,829 ) (1,098,045 ) Weighted average shares for basic earnings per common share 73,669,337 74,110,349 73,675,577 73,923,833 73,596,258 Basic earnings per common share $ 0.91 $ 0.96 $ 0.92 $ 3.55 $ 3.10 Diluted earnings per common share: Numerator: Income allocated to common stockholders for basic earnings per common share $ 66,949 $ 70,821 $ 67,704 $ 262,656 $ 228,354 Adjustment for earnings reallocated from participating securities (229 ) 7 (198 ) (648 ) (402 ) Income used in calculating diluted earnings per common share $ 66,720 $ 70,828 $ 67,506 $ 262,008 $ 227,952 Denominator: Weighted average shares for basic earnings per common share 73,669,337 74,110,349 73,675,577 73,923,833 73,596,258 Dilutive effect of certain share-based awards 436,863 715,117 616,913 380,640 382,043 Weighted average shares for diluted earnings per common share 74,106,200 74,825,466 74,292,490 74,304,473 73,978,301 Diluted earnings per common share $ 0.90 $ 0.95 $ 0.91 $ 3.53 $ 3.08 BANKUNITED, INC. AND SUBSIDIARIES SELECTED RATIOS At or for the Three Months Ended At or for the Years Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Financial ratios (4) Return on average assets 0.78 % 0.82 % 0.78 % 0.77 % 0.66 % Return on average stockholders’ equity 8.9 % 9.5 % 9.7 % 9.0 % 8.5 % Net interest margin (3) 3.06 % 3.00 % 2.84 % 2.95 % 2.73 % Loans to deposits 82.7 % 82.8 % 87.2 % 82.7 % 87.2 % Tangible book value per common share $ 40.14 $ 39.27 $ 36.61 $ 40.14 $ 36.61 December 31, 2025 September 30, 2025 December 31, 2024 Asset quality ratios Non-performing loans to total loans (1)(5) 1.54 % 1.60 % 1.03 % Non-performing assets to total assets (2)(5) 1.08 % 1.10 % 0.73 % ACL to total loans 0.91 % 0.93 % 0.92 % Commercial ACL to commercial loans (6) 1.30 % 1.35 % 1.37 % ACL to non-performing loans (1)(5) 58.99 % 57.95 % 89.01 % Net charge-offs to average loans(7) 0.30 % 0.26 % 0.16 % ____________________________ (1) We define non-performing loans to include non-accrual loans and loans other than purchased credit deteriorated and government insured residential loans that are past due 90 days or more and still accruing. Contractually delinquent purchased credit deteriorated and government insured residential loans on which interest continues to be accrued are excluded from non-performing loans. (2) Non-performing assets include non-performing loans, OREO and other repossessed assets. (3) On a tax-equivalent basis. (4) Annualized for the three and nine month periods as applicable. (5) Non-performing loans and assets include the guaranteed portion of non-accrual SBA loans totaling $37.9 million or 0.16% of total loans and 0.11% of total assets at December 31, 2025, $40.0 million or 0.17% of total loans and 0.11% of total assets at September 30, 2025, and $34.3 million or 0.14% of total loans and 0.10% of total assets at December 31, 2024. (6) For purposes of this ratio, commercial loans includes the C&I and CRE sub-segments, as well as franchise and equipment finance. Due to their unique risk profiles, MWL and municipal finance are excluded from this ratio. (7) Annualized for the nine months ended September 30, 2025; ratios for December 31, 2025 and December 31, 2024 represents annual net charge-off rate. December 31, 2025 September 30, 2025 December 31, 2024 Required to be Considered Well Capitalized BankUnited, Inc. BankUnited, N.A. BankUnited, Inc. BankUnited, N.A. BankUnited, Inc. BankUnited, N.A. Capital ratios Tier 1 leverage 8.9 % 9.3 % 9.0 % 9.5 % 8.5 % 9.7 % 5.0 % Common Equity Tier 1 ("CET1") risk-based capital 12.3 % 12.7 % 12.5 % 13.2 % 12.0 % 13.7 % 6.5 % Total risk-based capital 14.1 % 13.6 % 14.4 % 14.1 % 14.1 % 14.6 % 10.0 % Tangible Common Equity/Tangible Assets 8.5 % N/A 8.4 % N/A 7.8 % N/A N/A Non-GAAP Financial Measures Tangible book value per common share is a non-GAAP financial measure. Management believes this measure is relevant to understanding the capital position and performance of the Company. Disclosure of this non-GAAP financial measure also provides a meaningful basis for comparison to other financial institutions as it is a metric commonly used in the banking industry. Adjusted net income, EPS and ROA excluding the one-time item are non-GAAP financial measures. Disclosure of these measures enhances the reader's ability to compare the Company's performance for 4Q 2025 to other periods presented. PPNR is a non-GAAP financial measure. Management believes this measure is relevant to understanding the performance of the Company attributable to elements other than the provision for credit losses and the ability of the Company to generate earnings sufficient to cover estimated credit losses. This measure also provides a meaningful basis for comparison to other financial institutions since it is commonly employed and is a measure frequently cited by investors and analysts. The following tables reconciles these non-GAAP financial measurement to the comparable GAAP financial measurements at the dates and for the periods indicated (in thousands except share and per share data): December 31, 2025 December 31, 2024 Total stockholders’ equity $ 3,053,829 $ 2,814,318 Less: goodwill and other intangible assets 77,637 77,637 Tangible stockholders’ equity $ 2,976,192 $ 2,736,681 Common shares issued and outstanding 74,138,066 74,748,370 Book value per common share $ 41.19 $ 37.65 Tangible book value per common share $ 40.14 $ 36.61 Three Months Ended December 31, 2025 Adjusted Net Income Net Income $ 69,260 Write down on capitalized software 3,770 Tax effect of adjustment(1) (980 ) Adjusted net income $ 72,050 Adjusted annualized ROA Average assets $ 35,185,759 Return on average assets 0.78 % Adjusted return on average assets 0.81 % Adjusted diluted earnings per share Income used in calculating diluted earnings per share $ 66,720 Write down on capitalized software 3,770 Tax effect of adjustment(1) (980 ) Adjusted income used in calculating diluted earnings per share $ 69,510 Weighted average shares for diluted earnings per common share 74,106,200 Diluted EPS $ 0.90 Adjusted diluted EPS $ 0.94 Three Months Ended Years Ended December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 Pre-Provision Net Revenue ("PPNR") Income before income taxes $ 89,838 $ 97,932 $ 92,991 $ 361,746 $ 316,349 Provision for credit losses 25,554 11,577 11,001 67,940 55,072 PPNR $ 115,392 $ 109,509 $ 103,992 $ 429,686 $ 371,421 ____________________________ (1) A tax rate of 26.00% was applied View source version on businesswire.com: https://www.businesswire.com/news/home/20260121366265/en/ BankUnited, Inc. Investor Relations: James G. Mackey, 305-231-6793 Source: BankUnited, Inc.