BKU earnings analysis
What we found in BKU's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
BankUnited reported lower revenue and EPS in Q1 2026 compared to the estimates, with actual revenue at $273.7 million (down 10%YoY) and EPS at $0.83 (down 8% YoY). However, net interest income increased year-over-year by $15.8 million, reflecting improvements in funding mix and reduced deposit costs. Despite facing challenges, the bank maintains strong PPNR growth.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline vs Estimates
- Total revenue of $273.7 million fell short of estimates by 3.9%, marking a 10% decrease from $303 million in Q1 2025.
- EPS Misses Consensus
- Diluted EPS was reported at $0.83, missing the consensus estimate of $0.96, a decrease from $0.90 in Q4 2025.
- Improved Net Interest Income
- Net interest income increased by $15.8 million YoY to $252.4 million, with a net interest margin rising from 2.81% to 2.99%.
- Strong PPNR Growth
- PPNR grew 12% YoY to $106.3 million, reflecting improved operational efficiency.
- Dividend Increase
- Quarterly dividend increased by 6% to $0.33 per share, indicating management's commitment to returning capital to shareholders.
- Reduction in Criticized Loans
- Criticized loans decreased by $146 million or 12%, showcasing improved asset quality.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Revenue Shortfall
- Actual revenue of $273.7 million missed expectations, impacting overall outlook.
- Higher Charge-Off Ratios
- The net charge-off ratio increased to 0.61% for Q1 2026 from 0.30% in Q4 2025, suggesting underlying credit risk.
- Declining Total Loans
- Total loans declined by $139 million, reflecting pressures in commercial and consumer lending.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.83
What they said about what is next.
Management's forward-looking guidance was not quantitatively provided in the MD&A.
The filing reads about the same as the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
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