BankUnited, Inc. Reports 1Q 2026 Net Income of $62 million, $0.83 Diluted EPS

MIAMI LAKES, Fla.--(BUSINESS WIRE)--Apr. 22, 2026-- Chairman, President and Chief Executive Officer Rajinder Singh commented, "Despite a seasonally slow quarter, we continue to gather market share and position the Company for improved profitability and growth." First Quarter Financial Highlights Quarter Ended Change From ($ in millions except per share data) March 31, 2026 December 31, 2025 March 31, 2025 December 31, 2025 March 31, 2025 Net income $ 61.9 $ 69.3 $ 58.5 $ (7.4 ) $ 3.4 Diluted EPS $ 0.83 $ 0.90 $ 0.78 $ (0.07 ) $ 0.05 PPNR1 $ 106.3 $ 115.4 $ 95.2 $ (9.1 ) $ 11.1 ROA2 0.72 % 0.78 % 0.68 % (0.06 )% 0.04 % ROE2 8.1 % 8.9 % 8.2 % (0.8 )% (0.1 )% Net interest margin2 2.99 % 3.06 % 2.81 % (0.07 )% 0.18 % Total Deposits excluding brokered: up $1.4 billion from a year ago, and up $277 million from prior quarter. NIDDA: Up $875 million, or 11%, from a year ago. Down $166 million from prior quarter, primarily due to seasonality. Represents 30% of total deposits at March 31, 2026. Loans: Core loans: Up $906 million from a year ago and $9 million from prior quarter. Total loans up $145 million from a year ago. Total loans down $139 million from prior quarter primarily due to seasonally low commercial volume and continued runoff of non-core loans. Criticized and classified loans: Down $333 million, or 24%, from a year ago; NPLs up $15 million, or 6%. Down $146 million, or 12%, from the prior quarter; NPLs down $98 million, or 26%. ACL to NPLs coverage ratio increased to 75.90% in Q1 from 58.99% in the prior quarter. Share repurchases: Approximately 1.3 million shares repurchased in Q1 for $60.0 million. ____________________________ 1 Represents a non-GAAP measure. See "Non-GAAP Financial Measures" section for a reconciliation of non-GAAP financial measures to GAAP financial measures. 2 Annualized for the three months ended. Notable items that impacted results: The following table presents notable items, on a pre-tax basis, that impacted results for the periods presented (in thousands): Quarter Ended March 31, 2026 December 31, 2025 Compensation-related items $ (5,358 ) $ — Release of FDIC Special Assessment accrual 6,669 — Write-off of previously capitalized software — (3,770 ) $ 1,311 $ (3,770 ) Net Interest Income & Margin NIM Net Interest Income Down 7 bps from prior quarter Up 18 bps from 1Q 2025 Down $9.2 million from prior quarter Up $15.8 million or 7% from 1Q 2025 NIM and net interest income are typically seasonally lower in the first quarter of the year; however NIM was up 18 bps and net interest income was up $16 million compared to Q1 2025. NIM and net interest income were down compared to prior quarter primarily due to: Variable rate assets repriced faster than continued improvement in funding cost and funding mix dynamics—Asset yields were further impacted by lower SOFR/Fed funds basis. Seasonal decline in NIDDA throughout the quarter increased reliance on higher‑cost wholesale funding, including brokered deposits. Non-Interest Income and Non-Interest Expense The following table summarizes non-interest income and non-interest expense for the periods presented (in millions): Quarter Ended Change From March 31, 2026 December 31, 2025 March 31, 2025 December 31, 2025 March 31, 2025 Non-interest income $ 24.7 $ 30.0 $ 22.3 $ (5.3 ) $ 2.4 Non-interest expense $ 167.4 $ 172.8 $ 160.2 $ (5.4 ) $ 7.2 Non-interest income declined from prior quarter, primarily reflecting lower capital markets revenue. Non-interest income increased compared to Q1 2025, primarily as a result of a $3.3 million gain on sale of investment securities in Q1 2026. Non-interest expense was largely flat quarter over quarter when adjusted for the notable items summarized on Page 1. Non-interest expense increased compared to Q1 2025, primarily due to higher employee compensation and benefits. Balance Sheet Highlights Total Assets were $35.4 billion at March 31, 2026. The balance sheet reflected an improved funding mix and ample liquidity. Non-brokered deposits increased from both prior quarter and a year ago, supporting reduction in higher-cost wholesale funding. Wholesale funding declined from both prior quarter and a year ago, reflecting continued balance-sheet repositioning. NIDDA represented 30% of total deposits at March 31, 2026. Loan balances remained stable overall, with growth in selected commercial portfolios offset by continued reductions in residential balances. Loans Loan portfolio composition at the dates indicated follows (dollars in thousands): March 31, 2026 December 31, 2025 Core loan segments: Non-owner occupied commercial real estate $ 6,146,307 25.5 % $ 6,105,207 25.2 % Construction and land 740,104 3.1 % 705,664 2.9 % Owner occupied commercial real estate 2,023,527 8.4 % 2,020,572 8.3 % Commercial and industrial 6,862,405 28.3 % 7,008,903 28.8 % Mortgage warehouse lending ("MWL") 805,037 3.3 % 728,241 3.0 % 16,577,380 68.6 % 16,568,587 68.2 % Franchise and equipment finance 84,709 0.4 % 102,746 0.4 % Pinnacle - municipal finance 616,486 2.6 % 619,374 2.6 % Residential 6,856,354 28.4 % 6,983,000 28.8 % $ 24,134,929 100.0 % $ 24,273,707 100.0 % Loan balances during the quarter reflected modest commercial activity, consistent with typical first-quarter seasonality. CRE and MWL increased by $76 million and $77 million, respectively, during the quarter, reflecting activity across selected lending segments. C&I declined by $144 million reflecting seasonal patterns, as commercial production is typically lower in the first quarter. Residential loan balances continued to decline, consistent with balance-sheet strategy. Compared to a year ago, the loan portfolio continued to reflect a shift toward commercial lending, driven by a $906 million increase in core commercial loan balances and lower residential balances. Deposits & Borrowings The Company's funding profile continued to improve during the quarter, driven by growth in non-brokered deposits and reduction in wholesale funding. Non-brokered deposits increased $277 million from prior quarter and $1.4 billion from a year ago. Wholesale Funding declined by $70 million from prior quarter and $749 million from a year ago. NIDDA Represents 30% of total deposits at March 31, 2026. NIDDA declined from the prior quarter, however, balances were significantly higher compared to a year ago, supporting continued improvement in the Company's funding profile. Deposit pricing continued to improve, contributing to lower funding costs. Average Cost of Deposits: Declined 0.06% to 2.12%; spot APY fell to 2.09% from 2.10% for the prior quarter. Credit quality & Allowance for credit losses Credit Quality Credit quality metrics improved during Q1, as non-performing loans and criticized and classified loans declined from the prior quarter. Annualized net charge offs were elevated, attributable to two loans in unrelated industries and geographies. Criticized and Classified Loans: Declined $146 million, or 12%, in Q1, Non-Performing Loans: Down $98 million, or 26%, from prior quarter, NPA Ratio: 0.79%, including 0.10% related to guaranteed portion of SBA loans, down from 1.08%, including 0.11% related to SBA, in prior quarter. Net Charge-offs for the trailing twelve months: 0.37% for Q1, from 0.30% from the prior quarter. The following table provides a breakdown of criticized and classified loans for the periods indicated (in thousands): March 31, 2026 December 31, 2025 CRE Total Commercial CRE Total Commercial Special mention $ 67,396 $ 177,859 $ 82,147 $ 175,009 Substandard - accruing 418,033 622,436 474,592 674,368 Substandard - non-accruing 74,584 211,293 108,959 300,903 Doubtful 903 40,758 — 48,247 Total $ 560,916 $ 1,052,346 $ 665,698 $ 1,198,527 Allowance & Provision Allowance levels and coverage remained appropriate during the periods presented, with changes reflecting net charge-offs, higher specific reserves, and improved asset quality. The following tables summarize the ACL, key coverage metrics, and changes across the periods presented (dollars in thousands): ACL ACL to Total Loans Commercial ACL to Commercial Loans3 ACL to Non-Performing Loans Net Charge-offs to Average Loans4 March 31, 2026 $ 208,790 0.87 % 1.25 % 75.90 % 0.61 % December 31, 2025 $ 219,825 0.91 % 1.30 % 58.99 % 0.30 % Quarter Ended March 31, 2026 December 31, 2025 March 31, 2025 Beginning balance $ 219,825 $ 219,884 $ 223,153 Provision 25,103 24,843 15,963 Net charge-offs (36,138 ) (24,902 ) (19,369 ) Ending balance $ 208,790 $ 219,825 $ 219,747 The provision for credit losses totaled $24.6 million for the quarter, compared to $25.6 million for the prior quarter and $15.1 million for Q1 2025. The most significant factor impacting the provision during the quarter was an increase in specific reserves, primarily related to two C&I loans in unrelated industries. Net charge-offs also impacted the allowance, resulting in lower ACL balances compared to the prior quarter. While the ACL to total loans ratio declined modestly from the prior quarter, the ACL to non-performing loans coverage ratio increased to 75.90%, reflecting lower non-performing loan balances. ____________________________ 3 For purposes of this ratio, commercial loans includes the core C&I and CRE sub-segments as presented in the table above as well as franchise and equipment finance. Due to their unique risk profiles, MWL and municipal finance are excluded from this ratio. 4 Annualized for the three months ended March 31, 2026; ratio for December 31, 2025 represent annual net charge-off rate. Capital, Liquidity & shareholder returns Strong capital levels have created an ability to increase capital returns to shareholders CET1: 12.2%, down 10 bps from prior quarter. AOCI declined by $13.5 million from prior quarter primarily due to an increase in unrealized losses on investment securities available for sale. Tangible Common Equity Ratio: 8.3%, down from Q4 2025, but up from Q1 2025. Tangible Book Value per Share: $40.055, representing 7% year-over-year growth. Share Repurchases: Approximately 1.3 million shares repurchased in Q1 for $60.0 million, at an average price of $46.15. The Company's Board of Directors authorized the following capital actions: An increase of $0.02 per share in the Company's common stock dividends to $0.33 per common share, a 6% increase from the Company's previous level of $0.31 per share. ____________________________ 5 Represents a non-GAAP measure. See "Non-GAAP Financial Measures" section for a reconciliation of non-GAAP financial measures to GAAP financial measures. Earnings Conference Call and Presentation A conference call to discuss quarterly results will be held at 9:00 a.m. ET on Wednesday, April 22, 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/10207389/10388909cc4. 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 $35.4 billion at March 31, 2026, 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, 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 (www.sec.gov). BANKUNITED, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS - UNAUDITED (In thousands, except share and per share data) March 31, 2026 December 31, 2025 ASSETS Cash and due from banks: Non-interest bearing $ 13,336 $ 11,511 Interest bearing 371,605 206,273 Cash and cash equivalents 384,941 217,784 Investment securities 9,505,168 9,263,651 Non-marketable equity securities 149,590 140,684 Loans 24,134,929 24,273,707 Allowance for credit losses (208,790 ) (219,825 ) Loans, net 23,926,139 24,053,882 Bank owned life insurance 314,165 305,313 Operating lease equipment, net 150,214 171,371 Goodwill 77,637 77,637 Other assets 850,759 809,129 Total assets $ 35,358,613 $ 35,039,451 LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities: Demand deposits: Non-interest bearing $ 8,943,844 $ 9,109,984 Interest bearing 6,449,405 6,189,534 Savings and money market 9,939,985 10,164,703 Time 4,026,866 3,888,684 Total deposits 29,360,100 29,352,905 FHLB advances 1,755,000 1,555,000 Notes and other borrowings 319,340 319,740 Other liabilities 908,636 757,977 Total liabilities 32,343,076 31,985,622 Commitments and contingencies Stockholders' equity: Common stock, par value $0.01 per share, 400,000,000 shares authorized; 73,354,206 and 74,138,066 shares issued and outstanding 734 741 Paid-in capital 209,270 271,695 Retained earnings 3,008,613 2,970,988 Accumulated other comprehensive loss (203,080 ) (189,595 ) Total stockholders' equity 3,015,537 3,053,829 Total liabilities and stockholders' equity $ 35,358,613 $ 35,039,451 BANKUNITED, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED (In thousands, except per share data) Three Months Ended March 31, 2026 December 31, 2025 March 31, 2025 Interest income: Loans $ 310,162 $ 317,539 $ 321,384 Investment securities 106,230 117,878 113,869 Other 5,794 6,986 8,436 Total interest income 422,186 442,403 443,689 Interest expense: Deposits 148,694 155,875 174,210 Borrowings 24,505 28,318 36,340 Total interest expense 173,199 184,193 210,550 Net interest income before provision for credit losses 248,987 258,210 233,139 Provision for credit losses 24,586 25,554 15,111 Net interest income after provision for credit losses 224,401 232,656 218,028 Non-interest income: Deposit service charges and fees 6,219 5,787 5,235 Gain on investment securities, net 3,290 1,058 944 Lease financing 3,347 4,662 4,313 Capital markets income 3,684 9,512 4,795 Other non-interest income 8,160 8,974 6,983 Total non-interest income 24,700 29,993 22,270 Non-interest expense: Employee compensation and benefits 96,689 89,952 82,746 Occupancy and equipment 11,002 10,749 11,343 Deposit insurance expense (1,026 ) 6,391 7,227 Technology 22,415 20,430 22,780 Depreciation of operating lease equipment 3,366 4,068 4,009 Other non-interest expense 34,917 41,221 32,121 Total non-interest expense 167,363 172,811 160,226 Income before income taxes 81,738 89,838 80,072 Provision for income taxes 19,863 20,578 21,596 Net income $ 61,875 $ 69,260 $ 58,476 Earnings per common share, basic $ 0.83 $ 0.91 $ 0.78 Earnings per common share, diluted $ 0.83 $ 0.90 $ 0.78 BANKUNITED, INC. AND SUBSIDIARIES AVERAGE BALANCES AND YIELDS (Dollars in thousands) Three Months Ended March 31, Three Months Ended December 31, Three Months Ended March 31, 2026 2025 2025 Average Balance Interest6 Yield/ Rate6,7 Average Balance Interest6 Yield/ Rate6,7 Average Balance Interest6 Yield/ Rate6,7 Assets: Interest earning assets: Loans $ 23,835,417 $ 312,812 5.31 % $ 23,697,215 $ 320,252 5.37 % $ 23,933,938 $ 324,113 5.48 % Investment securities8 9,471,480 106,953 4.55 % 9,583,958 118,573 4.93 % 9,104,228 114,590 5.07 % Other interest earning assets 672,001 5,794 3.49 % 737,306 6,986 3.76 % 788,547 8,436 4.33 % Total interest earning assets 33,978,898 425,559 5.06 % 34,018,479 445,811 5.21 % 33,826,713 447,139 5.34 % Allowance for credit losses (218,808 ) (222,451 ) (228,158 ) Non-interest earning assets 1,328,791 1,389,731 1,376,904 Total assets $ 35,088,881 $ 35,185,759 $ 34,975,459 Liabilities and Stockholders' Equity: Interest bearing liabilities: Interest bearing demand deposits $ 6,033,099 $ 43,294 2.91 % $ 6,072,259 $ 48,032 3.14 % $ 4,811,826 $ 39,893 3.36 % Savings and money market deposits 10,245,692 73,278 2.90 % 10,123,959 77,378 3.03 % 10,833,734 91,779 3.44 % Time deposits 3,751,256 32,122 3.48 % 3,449,304 30,465 3.50 % 4,326,750 42,538 3.99 % Total interest bearing deposits 20,030,047 148,694 3.01 % 19,645,522 155,875 3.15 % 19,972,310 174,210 3.54 % FHLB advances 2,193,944 19,897 3.68 % 2,486,250 24,065 3.84 % 2,991,389 27,206 3.69 % Notes and other borrowings 366,487 4,608 5.03 % 328,322 4,253 5.18 % 709,037 9,134 5.15 % Total interest bearing liabilities 22,590,478 173,199 3.11 % 22,460,094 184,193 3.26 % 23,672,736 210,550 3.61 % Non-interest bearing demand deposits 8,463,491 8,708,397 7,413,117 Other non-interest bearing liabilities 930,784 922,581 1,004,917 Total liabilities 31,984,753 32,091,072 32,090,770 Stockholders' equity 3,104,128 3,094,687 2,884,689 Total liabilities and stockholders' equity $ 35,088,881 $ 35,185,759 $ 34,975,459 Net interest income $ 252,360 $ 261,618 $ 236,589 Interest rate spread 1.95 % 1.95 % 1.73 % Net interest margin 2.99 % 3.06 % 2.81 % ____________________________ 6 On a tax-equivalent basis where applicable 7 Annualized 8 At fair value BANKUNITED, INC. AND SUBSIDIARIES EARNINGS PER COMMON SHARE (In thousands except share and per share amounts) Three Months Ended March 31, 2026 December 31, 2025 March 31, 2025 Basic earnings per common share: Numerator: Net income $ 61,875 $ 69,260 $ 58,476 Distributed and undistributed earnings allocated to participating securities (911 ) (2,311 ) (821 ) Income allocated to common stockholders for basic earnings per common share $ 60,964 $ 66,949 $ 57,655 Denominator: Weighted average common shares outstanding 74,518,354 74,789,191 74,918,750 Less average unvested stock awards (1,138,483 ) (1,119,854 ) (1,101,408 ) Weighted average shares for basic earnings per common share 73,379,871 73,669,337 73,817,342 Basic earnings per common share $ 0.83 $ 0.91 $ 0.78 Diluted earnings per common share: Numerator: Income allocated to common stockholders for basic earnings per common share $ 60,964 $ 66,949 $ 57,655 Adjustment for earnings reallocated from participating securities 4 (229 ) 4 Income used in calculating diluted earnings per common share $ 60,968 $ 66,720 $ 57,659 Denominator: Weighted average shares for basic earnings per common share 73,379,871 73,669,337 73,817,342 Dilutive effect of certain share-based awards 511,677 436,863 562,488 Weighted average shares for diluted earnings per common share 73,891,548 74,106,200 74,379,830 Diluted earnings per common share $ 0.83 $ 0.90 $ 0.78 BANKUNITED, INC. AND SUBSIDIARIES SELECTED RATIOS At or for the Three Months Ended March 31, 2026 December 31, 2025 March 31, 2025 Financial ratios 9 Return on average assets 0.72 % 0.78 % 0.68 % Return on average stockholders’ equity 8.1 % 8.9 % 8.2 % Net interest margin 10 2.99 % 3.06 % 2.81 % Loans to deposits 82.3 % 82.7 % 85.5 % Tangible book value per common share $ 40.05 $ 40.14 $ 37.48 March 31, 2026 December 31, 2025 Asset quality ratios Non-performing loans to total loans 11,12 1.14 % 1.54 % Non-performing assets to total assets 12,13 0.79 % 1.08 % ACL to total loans 0.87 % 0.91 % Commercial ACL to commercial loans 14 1.25 % 1.30 % ACL to non-performing loans 11,12 75.90 % 58.99 % Net charge-offs to average loans 15 0.61 % 0.30 % March 31, 2026 December 31, 2025 Required to be Considered Well Capitalized BankUnited, Inc. BankUnited, N.A. BankUnited, Inc. BankUnited, N.A. Capital ratios Tier 1 leverage 8.9 % 9.4 % 8.9 % 9.3 % 5.0 % Common Equity Tier 1 ("CET1") risk-based capital 12.2 % 12.9 % 12.3 % 12.7 % 6.5 % Total risk-based capital 14.0 % 13.7 % 14.1 % 13.6 % 10.0 % Tangible Common Equity/Tangible Assets 8.3 % N/A 8.5 % N/A N/A ____________________________ 9 Annualized for the three month periods as applicable. 10 On a tax-equivalent basis. 11 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. 12 Non-performing loans and assets include the guaranteed portion of non-accrual SBA loans totaling $33.8 million or 0.14% of total loans and 0.10% of total assets at March 31, 2026 and $37.9 million or 0.16% of total loans and 0.11% of total assets at December 31, 2025. 13 Non-performing assets include non-performing loans, OREO and other repossessed assets. 14 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. 15 Annualized for the three months ended March 31, 2026; ratio for December 31, 2025 represents annual net charge-off rate. 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. 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): March 31, 2026 December 31, 2025 March 31, 2025 Total stockholders’ equity $ 3,015,537 $ 3,053,829 $ 2,897,582 Less: goodwill and other intangible assets 77,637 77,637 77,637 Tangible stockholders’ equity $ 2,937,900 $ 2,976,192 $ 2,819,945 Common shares issued and outstanding 73,354,206 74,138,066 75,242,048 Book value per common share $ 41.11 $ 41.19 $ 38.51 Tangible book value per common share $ 40.05 $ 40.14 $ 37.48 Quarter Ended March 31, 2026 December 31, 2025 March 31, 2025 Pre-Provision Net Revenue ("PPNR") Income before income taxes $ 81,738 $ 89,838 $ 80,072 Provision for credit losses 24,586 25,554 15,111 PPNR $ 106,324 $ 115,392 $ 95,183 View source version on businesswire.com: https://www.businesswire.com/news/home/20260422670497/en/ BankUnited, Inc. Investor Relations: James G. Mackey, 305-231-6793 Source: BankUnited, Inc.