BankUnited 2Q FY26 net income rises 14% to $70.7 million; diluted EPS increases to $0.97 - BKU News | RalliesBankUnited 2Q FY26 net income rises 14% to $70.7 million; diluted EPS increases to $0.97
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BKU• Quarterly results and margin expansion
- BankUnited posted Q2 net income of USD 70.7 million, up USD 8.8 million from Q1, with diluted EPS of USD 0.97.
- Net interest margin widened to 3.06%, up 7 basis points from Q1, as average cost of deposits fell to 2.05% from 2.12%.
Deposit growth and credit quality improved
- Total deposits ended at USD 28.88 billion; non-interest-bearing demand deposits rose USD 991 million, or 11%, from Q1 to USD 9.93 billion.
- Non-performing loans fell USD 51 million, or 19%, from Q1; ACL-to-NPL coverage increased to 97.14% from 75.90%.
Share repurchases and management commentary
- Repurchased 1,100,000 shares for USD 50.1 million; CEO Rajinder Singh cited record non-interest-bearing deposits, solid fee income, improved credit quality.
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