BankUnited (BKU)
Market Price (11/6/2026): $44.54 | Market Cap: $3.2 BilSector: Financials | Industry: Regional Banks
BankUnited (BKU)
Market Price (11/6/2026): $44.54Market Cap: $3.2 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 3.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 12% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -243% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33% Low stock price volatilityVol 12M is 26% Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 18% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, Digital Payments, Show more. | Weak multi-year price returns2Y Excs Rtn is -0.6% | Key risksBKU key risks include [1] persistent challenges with loan growth, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 3.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.0%, FCF Yield is 12% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -243% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33% |
| Low stock price volatilityVol 12M is 26% |
| Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 18% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, Digital Payments, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -0.6% |
| Key risksBKU key risks include [1] persistent challenges with loan growth, Show more. |
Qualitative Assessment
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BankUnited (BKU) stock has lost about 5% since 7/31/2026 because of the following key factors:
1. Fiscal Q2 2026 Earnings Missed Analyst Estimates.
BankUnited reported its fiscal Q2 2026 results on July 22, 2026, shortly before the specified period. The company announced diluted earnings per share of $0.97, missing the analyst consensus estimate of $1.00 by $0.03. Additionally, revenue for the quarter was $284.57 million, falling short of the consensus estimate of $290.33 million. This performance likely set a negative tone for the stock moving into the end of July.
2. Fiscal Q3 2026 Revenue Miss and Subsequent Analyst Price Target Reductions.
While BankUnited's adjusted diluted earnings per share of $1.03 for fiscal Q3 2026 (ended September 30, 2026) matched analyst expectations when reported on October 21, 2026, the company's revenue of $280.44 million was below the consensus estimate of $292.50 million. Following these results, several financial institutions revised their outlook for BKU; for example, Piper Sandler lowered its price target to $44 from $47 on October 28, 2026, and RBC Capital lowered its target to $48 from $49 on October 22, 2026.
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BankUnited (BKU) stock has lost about 5% since 7/31/2026 because of the following key factors:
1. Fiscal Q2 2026 Earnings Missed Analyst Estimates.
BankUnited reported its fiscal Q2 2026 results on July 22, 2026, shortly before the specified period. The company announced diluted earnings per share of $0.97, missing the analyst consensus estimate of $1.00 by $0.03. Additionally, revenue for the quarter was $284.57 million, falling short of the consensus estimate of $290.33 million. This performance likely set a negative tone for the stock moving into the end of July.
2. Fiscal Q3 2026 Revenue Miss and Subsequent Analyst Price Target Reductions.
While BankUnited's adjusted diluted earnings per share of $1.03 for fiscal Q3 2026 (ended September 30, 2026) matched analyst expectations when reported on October 21, 2026, the company's revenue of $280.44 million was below the consensus estimate of $292.50 million. Following these results, several financial institutions revised their outlook for BKU; for example, Piper Sandler lowered its price target to $44 from $47 on October 28, 2026, and RBC Capital lowered its target to $48 from $49 on October 22, 2026.
3. Weakening Outlook for Business Credit Conditions.
Broader macroeconomic concerns regarding credit conditions likely contributed to investor caution. The American Bankers Association's (ABA) Credit Conditions Index for fiscal Q3 2026, based on a survey conducted on September 22, 2026, registered 44.7. This marks the seventh consecutive quarter that the index has been below 50, indicating an expectation for weak credit conditions over the subsequent six months, with a notable weaker outlook for business credit.
4. Activist Investor Engagement.
The disclosure on October 28, 2026, that activist investor HoldCo Advisors, LP, is actively engaged in discussions with BankUnited's leadership regarding strategies to enhance shareholder value could have introduced uncertainty among investors. While such engagement can sometimes lead to positive changes, it can also signal underlying dissatisfaction with current management or performance, prompting a cautious market response.
5. Broader Concerns in the Regional Banking Sector.
A general environment of fragility within the regional banking sector contributed to a cautious sentiment toward banks like BankUnited. As of October 29, 2026, there had been six U.S. bank failures in 2026, the highest number since 2017. This includes the closure of Nano Banc on September 25, 2026, due to deteriorating financial conditions and mismanagement. Despite BankUnited's strong internal metrics, such as resilient credit quality and an expanded net interest margin in Q3 2026, the broader industry challenges can influence investor confidence in regional banking stocks.
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Stock Movement Drivers
Fundamental Drivers
The -3.8% change in BKU stock from 7/31/2026 to 11/5/2026 was primarily driven by a -7.0% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 46.29 | 44.54 | -3.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,111 | 1,122 | 1.0% |
| Net Income Margin (%) | 24.4% | 24.4% | -0.3% |
| P/E Multiple | 12.5 | 11.6 | -7.0% |
| Shares Outstanding (Mil) | 73 | 71 | 2.7% |
| Cumulative Contribution | -3.8% |
Market Drivers
7/31/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| BKU | -3.8% | |
| Market (SPY) | -1.9% | 26.2% |
| Sector (XLF) | 1.0% | 67.8% |
Fundamental Drivers
The -2.8% change in BKU stock from 4/30/2026 to 11/5/2026 was primarily driven by a -7.5% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.80 | 44.54 | -2.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,093 | 1,122 | 2.6% |
| Net Income Margin (%) | 24.5% | 24.4% | -0.7% |
| P/E Multiple | 12.6 | 11.6 | -7.5% |
| Shares Outstanding (Mil) | 74 | 71 | 3.1% |
| Cumulative Contribution | -2.8% |
Market Drivers
4/30/2026 to 11/5/2026| Return | Correlation | |
|---|---|---|
| BKU | -2.8% | |
| Market (SPY) | 2.3% | 24.9% |
| Sector (XLF) | 10.7% | 55.6% |
Fundamental Drivers
The 14.3% change in BKU stock from 10/31/2025 to 11/5/2026 was primarily driven by a 6.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.96 | 44.54 | 14.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,051 | 1,122 | 6.8% |
| Net Income Margin (%) | 24.6% | 24.4% | -0.7% |
| P/E Multiple | 11.2 | 11.6 | 3.9% |
| Shares Outstanding (Mil) | 74 | 71 | 3.7% |
| Cumulative Contribution | 14.3% |
Market Drivers
10/31/2025 to 11/5/2026| Return | Correlation | |
|---|---|---|
| BKU | 14.3% | |
| Market (SPY) | 8.4% | 32.2% |
| Sector (XLF) | 11.1% | 54.3% |
Fundamental Drivers
The 125.7% change in BKU stock from 10/31/2023 to 11/5/2026 was primarily driven by a 111.5% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11052026 | Change |
|---|---|---|---|
| Stock Price ($) | 19.74 | 44.54 | 125.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,013 | 1,122 | 10.8% |
| Net Income Margin (%) | 26.0% | 24.4% | -6.1% |
| P/E Multiple | 5.5 | 11.6 | 111.5% |
| Shares Outstanding (Mil) | 73 | 71 | 2.5% |
| Cumulative Contribution | 125.7% |
Market Drivers
10/31/2023 to 11/5/2026| Return | Correlation | |
|---|---|---|
| BKU | 125.7% | |
| Market (SPY) | 81.3% | 50.4% |
| Sector (XLF) | 85.5% | 66.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BKU Return | 24% | -18% | -0% | 22% | 21% | 3% | 55% |
| Peers Return | 32% | 1% | 4% | 15% | 8% | 22% | 111% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| BKU Win Rate | 58% | 42% | 50% | 42% | 67% | 45% | |
| Peers Win Rate | 72% | 50% | 45% | 53% | 53% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| BKU Max Drawdown | -24% | -28% | -58% | -23% | -29% | -18% | |
| Peers Max Drawdown | -22% | -27% | -40% | -17% | -26% | -15% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FULT, RNST, CATY, ABCB, ASB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/5/2026 (YTD)
How Low Can It Go
| Event | BKU | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.4% | -18.8% |
| % Gain to Breakeven | 36.0% | 23.1% |
| Time to Breakeven | 106 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -25.0% | -9.5% |
| % Gain to Breakeven | 33.4% | 10.5% |
| Time to Breakeven | 59 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -56.8% | -6.7% |
| % Gain to Breakeven | 131.3% | 7.1% |
| Time to Breakeven | 433 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -19.8% | -24.5% |
| % Gain to Breakeven | 24.6% | 32.4% |
| Time to Breakeven | 769 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.6% | -33.7% |
| % Gain to Breakeven | 110.9% | 50.9% |
| Time to Breakeven | 261 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.3% | -19.2% |
| % Gain to Breakeven | 25.5% | 23.8% |
| Time to Breakeven | 46 days | 105 days |
In The Past
BankUnited's stock fell -26.4% during the 2025 US Tariff Shock. Such a loss loss requires a 36.0% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | BKU | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -26.4% | -18.8% |
| % Gain to Breakeven | 36.0% | 23.1% |
| Time to Breakeven | 106 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -25.0% | -9.5% |
| % Gain to Breakeven | 33.4% | 10.5% |
| Time to Breakeven | 59 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -56.8% | -6.7% |
| % Gain to Breakeven | 131.3% | 7.1% |
| Time to Breakeven | 433 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -52.6% | -33.7% |
| % Gain to Breakeven | 110.9% | 50.9% |
| Time to Breakeven | 261 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.3% | -19.2% |
| % Gain to Breakeven | 25.5% | 23.8% |
| Time to Breakeven | 46 days | 105 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -23.8% | -17.9% |
| % Gain to Breakeven | 31.2% | 21.8% |
| Time to Breakeven | 88 days | 123 days |
In The Past
BankUnited's stock fell -26.4% during the 2025 US Tariff Shock. Such a loss loss requires a 36.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About BankUnited (BKU)
BankUnited, Inc. (BKU) operates as a national banking association offering a broad range of traditional banking services primarily to customers in Florida and the New York metropolitan area. As a bank holding company, it focuses on core banking activities, accepting deposits and originating loans for both individual consumers and various types of businesses.
The company's product offerings include a variety of deposit accounts such as checking, savings, money market, and certificates of deposit, alongside treasury and cash management services for commercial clients. On the lending front, BankUnited's portfolio is comprehensive, featuring commercial loans (including equipment, lines of credit, and business acquisition financing), commercial real estate loans, residential mortgages, and other consumer loans. The bank also supports its services with online, mobile, and telephone banking capabilities.
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Here are a few analogies to describe BankUnited (BKU) succinctly:
- Think of it as a Bank of America or Chase Bank, but operating regionally across Florida and the New York metro area.
- It's similar to a PNC Bank or U.S. Bank, but with its primary operations concentrated in Florida and a few locations in New York.
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- Deposit Accounts: Offers various accounts such as checking, savings, money market, and certificates of deposit for individuals and businesses.
- Commercial Lending: Provides a range of loans and credit facilities for businesses, including equipment loans, lines of credit, and commercial credit cards.
- Commercial Real Estate Loans: Offers financing solutions specifically for commercial properties.
- Residential Mortgages: Provides loans to individuals for the purchase or refinancing of homes.
- Consumer Loans: Offers various other loan products tailored for individual consumers.
- Cash Management & Treasury Services: Delivers services such as treasury, commercial payment, and cash management solutions for businesses.
- Digital Banking Services: Provides convenient banking access through online, mobile, and telephone platforms.
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As a national banking association, BankUnited (BKU) serves a broad and diverse customer base rather than having a few specific "major customers" in the traditional sense. Its customers are primarily categorized into the following groups:
- Individuals and Consumers: This category includes individuals who utilize BankUnited's deposit products such as checking, money market deposit, and savings accounts, as well as certificates of deposit. It also encompasses customers who obtain residential mortgages and other consumer loans from the bank.
- Small to Medium-Sized Businesses: BankUnited provides a wide array of commercial banking services and loan products to businesses of various sizes. This includes equipment loans, secured and unsecured lines of credit, owner-occupied commercial real estate term loans, mortgage warehouse lines, commercial credit cards, and specialized financing options like Small Business Administration (SBA) and U.S. Department of Agriculture (USDA) product offerings, export-import bank financing, trade finance, and business acquisition finance credit facilities. These businesses also benefit from treasury, commercial payment, and cash management services.
- Commercial Real Estate Investors and Developers: A significant portion of BankUnited's loan portfolio is dedicated to commercial real estate loans, which cater to investors and developers involved in income-producing properties, distinct from owner-occupied business properties.
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Rajinder Singh, Chairman, President and Chief Executive Officer
Rajinder Singh is a founding organizer of BankUnited and has served as Chairman, President, and Chief Executive Officer since January 2019 and January 2017, respectively. He was previously the Chief Operating Officer from October 2010 to 2017. Prior to his tenure at BankUnited, Singh was a managing director and led the financial services practice at Invesco's WL Ross & Co., a private equity firm. He also held executive leadership positions at Capital One Financial Corp., North Fork Bancorporation (which was acquired by Capital One during his time there), and FleetBoston Financial Corporation.
James Mackey, Chief Financial Officer
James Mackey joined BankUnited in 2025 and officially became Chief Financial Officer on November 10, 2025. His extensive experience includes serving as CFO for Wells Fargo's consumer lending division, Freddie Mac, and Ally Financial. Additionally, Mackey was a divisional CFO for Bank of America's corporate investments, corporate treasury, and private equity divisions.
Thomas M. Cornish, Chief Operating Officer
Thomas M. Cornish has been the Chief Operating Officer of BankUnited since January 2017, having joined the bank in 2014 as President, Florida Region. Before joining BankUnited, he was the President and CEO of Marsh & McLennan Agency, Florida Region, from 2004 to March 2014. Earlier in his career, Cornish held several senior leadership positions with SunTrust Bank from 1983 through 2003. While at Marsh & McLennan Agency, he was recognized as "Miami's CEO of the Year" by the South Florida Business Journal.
Jay Richards, Chief Risk Officer of BankUnited, N.A.
Jay Richards has served as the Chief Risk Officer of BankUnited, N.A. since September 2019, following a consolidation of the bank's Credit and Risk organizations. He was previously the Chief Credit Officer from January 2018 to September 2019. His career includes senior leadership roles at TD Bank (and its predecessor banks) from 2008 to 2018, Compass Bank from 2006 to 2008, Regions Bank (and its predecessor banks) from 1999 to 2006, and Bank One (now part of JPMorgan Chase) from 1993 through 1999.
Rishi Bansal, Chief Investment Officer of BankUnited, N.A.
Rishi Bansal joined BankUnited in July 2009 and was part of the advisory group involved in the bank's acquisition. In his role as Chief Investment Officer, he is responsible for the bank's investment securities portfolio, residential loan portfolio, residential mortgage warehouse business, and Pinnacle Public Finance business. Before joining BankUnited, Bansal was a Managing Director in fixed income at Merrill Lynch from 2007 through 2009 and a fixed income trader at Lehman Brothers from 1998 through 2007.
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The key risks to BankUnited's business operations include its significant exposure to commercial real estate, the impact of economic and regulatory uncertainties, and its geographic concentration.
- Commercial Real Estate (CRE) Concentration and Credit Quality: BankUnited has a substantial portion of its loan portfolio in commercial real estate, totaling 28% of its overall loans and 185% of its total risk-based capital as of September 30, 2025. This concentration exposes the bank to potential credit losses if the commercial real estate market experiences downturns, which could be exacerbated by geopolitical tensions or an economic slowdown in the U.S. Concerns have also been raised regarding rising nonperforming office loans and the possibility that credit issues in office-heavy commercial real estate could lead to higher loss provisions. While credit risk is generally considered manageable, the bank's reserves have been noted as light relative to nonperforming loans, presenting a downside earnings risk if credit trends worsen.
- Economic and Regulatory Uncertainties: The banking industry is highly sensitive to economic conditions, and BankUnited is particularly vulnerable to interest rate fluctuations and broader real estate market dynamics, which can affect its financial stability. Federal Reserve interest rate policy creates uncertainty concerning deposit costs and loan demand, leading to projected net interest margin pressure. Increased regulatory scrutiny following 2023 bank failures has also intensified supervisory pressure on regional banks, with a focus on interest rate risk, liquidity risk, and deposit stability, which can result in higher compliance costs and reduced operational flexibility for BankUnited.
- Geographic Concentration: BankUnited's strong presence in Florida and the New York metropolitan area, while a strength, also represents a concentration risk. This significant market dependency means the bank is susceptible to localized economic downturns or sector-specific disruptions within these regions. Furthermore, being heavily concentrated in Florida introduces climate risk, particularly from severe weather events like hurricanes, which can directly impact the value of the bank's collateral.
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Here are clear emerging threats for BankUnited (BKU):
- Digital-only banks (Neobanks/Challenger Banks): Companies like Chime, SoFi, and others operate with significantly lower overhead due to the absence of physical branches, allowing them to offer more competitive rates on deposits and loans, often combined with superior, mobile-first user experiences. This directly threatens BankUnited's ability to attract and retain deposit customers and compete for consumer and small business loans, particularly among younger, digitally native demographics.
- Big Tech companies expanding into financial services: Giants like Apple (e.g., Apple Card, Apple Savings with Goldman Sachs, Apple Pay Later), Google (e.g., Google Pay, potential for broader financial offerings), and Amazon (e.g., lending to merchants, payment processing) are leveraging their massive user bases, technological expertise, and data to offer increasingly sophisticated financial products. These offerings can directly compete with BankUnited's core services, potentially siphoning away deposit customers, payment volume, and consumer/small business lending opportunities by offering seamless, integrated, and often innovative financial solutions within their established ecosystems.
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For BankUnited (BKU), the addressable markets for its main products and services, primarily within the U.S. given its operational focus in Florida and the New York metropolitan area, can be sized as follows:
Commercial Banking Market
The U.S. commercial banking market size is estimated at approximately USD 765.53 billion in 2026, with projections to reach USD 954.48 billion by 2031. This market encompasses commercial loans (including equipment loans, lines of credit, and commercial real estate loans), treasury management, and other commercial payment and cash management services. In Florida, new home loans booked in 2024 totaled USD 87.1 billion, and small business loans amounted to USD 52.9 billion. Specific market size data for commercial banking in the New York metropolitan area was not explicitly available in the search results, though New York, Massachusetts, and California anchor complex treasury-management and capital-markets engagements.
Residential Mortgage Market
The U.S. home loan market is estimated to reach USD 2.42 trillion in 2026 and is forecasted to grow to USD 3.17 trillion by 2031. Total single-family mortgage origination volume in the U.S. is expected to increase to USD 2.2 trillion in 2026. In Florida, the median sales price for existing single-family homes in March 2025 was USD 412,500. For New York, the median sales price for homes in January 2026 was USD 717,250.
Retail/Consumer Banking Market
The United States retail banking market, which includes deposit products (checking, money market, and savings accounts) and other consumer loans, was valued at USD 0.91 trillion in 2026 and is projected to reach USD 1.11 trillion by 2031. This market is supported by steady loan demand, a resilient deposit base, and a rapid consumer shift to digital banking.
Digital Banking Services Market
The U.S. digital banking market generated approximately USD 1,839 million in revenue in 2024 and is anticipated to reach USD 3,859 million by 2032, growing at a compound annual growth rate (CAGR) of 9.9% during this period. This market covers online, mobile, and telephone banking services offered by the company.
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- Geographic Expansion: BankUnited is actively pursuing expansion beyond its core markets of Florida and New York. The company plans to enter new densely populated urban markets in the Eastern United States, ranging from Boston to Atlanta, by establishing teams of bankers to originate commercial loans and build client relationships, rather than through acquisitions.
- Core Commercial and Small Business Loan Growth: Management anticipates continued growth within its core commercial, commercial real estate (CRE), and small business lending portfolios. Specifically, the bank projects mid-single-digit growth in core Commercial & Industrial (C&I) and CRE loans.
- Net Interest Margin (NIM) Expansion: BankUnited expects to see ongoing improvement and expansion of its net interest margin. This growth is primarily driven by a favorable shift in its funding mix, with a focus on increasing non-interest-bearing demand deposits (NIDDA), which helps reduce the overall cost of deposits. The company has set targets for NIM to reach approximately 3.20% and potentially mid-3% in upcoming quarters.
- Non-Interest Income Growth: The company expects an increase in non-interest income, stemming from the organic growth of its core commercial businesses, particularly through deposit and payment products. BankUnited is also emphasizing the long-term potential of its fee income initiatives and continued investment in fee-based business lines, such as syndication, commercial card, and capital markets income, to diversify revenue streams.
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Share Repurchases
- BankUnited's Board of Directors authorized a new share repurchase program of up to $200 million on January 20, 2026. This authorization is in addition to the $55.5 million that remained available under a prior program as of December 31, 2025.
- In July 2025, the Board authorized a share repurchase program of up to $100 million.
- In September 2022, the Board authorized the repurchase of up to an additional $150 million worth of shares, following a similar authorization in May 2022. As of December 31, 2024, approximately $20.2 million worth of shares remained to be repurchased under this program.
Capital Expenditures
- BankUnited incurred write-downs of previously capitalized software totaling $3.8 million before taxes in the fourth quarter of 2025, indicating investments in software development or acquisition.
- The company invests in technology, including loan servicing and deposit transaction processing systems, cloud-based data storage, electronic funds transfer transaction processing, online banking services, ERP systems, and computer and networking infrastructure.
Peer Outperformance in Regional Banks
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| BKU | BankUnited | 3.6% | 11.6x | 13.3% | 102.0% | 22.3% | — |
| FBP | First BanCorp | 2.9% | 10.7x | 33.9% | 101.1% | 117.2% | +95pp |
| BPOP | Popular | 2.8% | 10.3x | 41.4% | 144.6% | 117.1% | +95pp |
| OFG | OFG Bancorp | 4.5% | 9.7x | 30.7% | 73.5% | 113.0% | +91pp |
| SRCE | 1st Source | 7.5% | 11.8x | 46.3% | 95.9% | 95.9% | +74pp |
| EWBC | East West Bancorp | 6.3% | 12.3x | 31.5% | 139.6% | 76.7% | +54pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 33.1% | 75.7% | 125.1% | SPNT 168% · RGA 162% · RNR 141% |
| Investment Banking & Brokerage | 13 | -3.9% | 89.1% | 93.1% | IBKR 305% · SNEX 152% · GS 141% |
| Diversified Banks | 12 | 30.0% | 140.4% | 90.3% | CM 144% · RY 129% · JPM 127% |
| Life & Health Insurance | 20 | 14.3% | 52.3% | 75.4% | JXN 514% · UNM 224% · FG 188% |
| Property & Casualty Insurance | 42 | 18.9% | 76.8% | 66.8% | TRV 178% · PGR 172% · ACGL 168% |
| Multi-Sector Holdings | 3 | 10.1% | 53.8% | 59.4% | BRK-B 99% · VOYA 59% · JEF 37% |
| Multi-line Insurance | 9 | 9.5% | 71.4% | 59.4% | AIZ 105% · GNW 104% · L 98% |
| Regional Banks ← | 263 | 30.0% | 87.5% | 46.7% | CBC 268% · FCNCA 176% · NIC 136% |
| Insurance Brokers | 15 | 5.5% | 13.4% | 33.4% | LIFE 287% · ARX 89% · WTW 56% |
| Financial Exchanges & Data | 15 | 20.6% | 37.2% | 27.9% | CBOE 183% · VIRT 131% · CME 71% |
| Asset Management & Custody Banks | 83 | -5.9% | 22.8% | 12.3% | VCTR 210% · AAMI 207% · WT 205% |
| Consumer Finance | 30 | 2.9% | 81.0% | 8.1% | ENVA 330% · FCFS 130% · ECPG 111% |
| Commercial & Residential Mortgage Finance | 14 | -46.5% | 36.8% | 2.5% | FNMA 327% · FMCC 293% · ACT 158% |
| Diversified Financial Services | 4 | -1.6% | 20.1% | -1.1% | FRHC 153% · EQH 71% |
| Specialized Finance | 3 | 15.8% | 31.5% | -19.7% | HASI -20% · CACC -24% |
| Transaction & Payment Processing Services | 17 | 19.3% | 9.1% | -29.4% | V 103% · MA 94% · CPAY 83% |
| Mortgage REITs | 35 | -18.0% | -6.1% | -37.2% | RITM 36% · DX 17% · AGNC 10% |
| Diversified Capital Markets | 20 | -47.1% | -8.5% | -70.1% | LPLA 83% · TW 38% · RIOT -53% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 42.09 |
| Mkt Cap | 4.4 |
| Rev LTM | 1,175 |
| Op Inc LTM | - |
| FCF LTM | 479 |
| FCF 3Y Avg | 390 |
| CFO LTM | 499 |
| CFO 3Y Avg | 397 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.8% |
| Rev Chg 3Y Avg | 6.6% |
| Rev Chg Q | 10.5% |
| QoQ Delta Rev Chg LTM | 2.6% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 43.1% |
| CFO/Rev 3Y Avg | 36.5% |
| FCF/Rev LTM | 41.1% |
| FCF/Rev 3Y Avg | 35.6% |
Price Behavior
| Market Price | $44.54 | |
| Market Cap ($ Bil) | 3.2 | |
| First Trading Date | 01/28/2011 | |
| Distance from 52W High | -10.6% | |
| 50 Days | 200 Days | |
| DMA Price | $43.50 | $45.65 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 2.4% | -2.4% |
| 3M | 1YR | |
| Volatility | 21.2% | 25.6% |
| Downside Capture | 57.25 | 70.00 |
| Upside Capture | 44.74 | 76.05 |
| Correlation (S&P 500) | 21.9% | 32.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.08 | 0.22 | 0.41 | 0.42 | 0.64 | 1.15 |
| Up Beta | -2.40 | -0.89 | 0.28 | 0.18 | 0.71 | 1.19 |
| Down Beta | -0.42 | -0.41 | -0.30 | -0.12 | 0.22 | 1.06 |
| Up Capture | 43% | 40% | 41% | 51% | 69% | 172% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 8 | 16 | 26 | 57 | 123 | 378 |
| Down Capture | -1% | 77% | 91% | 84% | 81% | 104% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 13 | 26 | 37 | 67 | 125 | 368 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BKU | |
|---|---|---|---|---|
| BKU | 14.1% | 25.6% | 0.47 | - |
| Sector ETF (XLF) | 11.1% | 15.2% | 0.47 | 54.8% |
| Equity (SPY) | 9.5% | 13.6% | 0.41 | 31.9% |
| Gold (GLD) | 3.6% | 28.7% | 0.11 | 10.2% |
| Commodities (DBC) | 37.7% | 21.2% | 1.40 | -28.0% |
| Real Estate (VNQ) | 12.0% | 14.2% | 0.55 | 40.3% |
| Bitcoin (BTCUSD) | -20.8% | 43.3% | -0.42 | 8.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BKU | |
|---|---|---|---|---|
| BKU | 5.0% | 37.8% | 0.22 | - |
| Sector ETF (XLF) | 9.1% | 18.4% | 0.36 | 68.1% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 52.7% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 0.1% |
| Commodities (DBC) | 8.0% | 19.6% | 0.29 | 8.6% |
| Real Estate (VNQ) | 1.2% | 18.9% | -0.05 | 51.1% |
| Bitcoin (BTCUSD) | 5.9% | 51.5% | 0.29 | 20.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BKU | |
|---|---|---|---|---|
| BKU | 7.5% | 40.4% | 0.31 | - |
| Sector ETF (XLF) | 13.3% | 22.1% | 0.54 | 74.0% |
| Equity (SPY) | 14.9% | 18.0% | 0.70 | 54.7% |
| Gold (GLD) | 12.0% | 16.5% | 0.59 | -4.7% |
| Commodities (DBC) | 7.6% | 18.1% | 0.33 | 19.1% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.23 | 51.7% |
| Bitcoin (BTCUSD) | 61.3% | 66.2% | 1.01 | 15.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/30/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/21/2026 | -0.6% | 2.7% | |
| 7/22/2026 | -4.4% | -2.5% | -2.6% |
| 4/22/2026 | -1.6% | 1.0% | -1.0% |
| 1/21/2026 | 8.5% | 2.6% | 5.6% |
| 10/22/2025 | 1.7% | 8.0% | 8.1% |
| 7/23/2025 | 2.1% | -2.6% | -3.7% |
| 4/28/2025 | -2.2% | 0.5% | 4.0% |
| 1/22/2025 | -1.3% | 1.7% | -1.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 15 | 14 |
| # Negative | 16 | 9 | 9 |
| Median Positive | 2.5% | 2.7% | 8.0% |
| Median Negative | -2.6% | -2.7% | -3.7% |
| Max Positive | 8.5% | 12.7% | 23.3% |
| Max Negative | -6.6% | -11.6% | -12.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/21/2026 | -0.6% | 2.7% | |
| 7/22/2026 | -4.4% | -2.5% | -2.6% |
| 4/22/2026 | -1.6% | 1.0% | -1.0% |
| 1/21/2026 | 8.5% | 2.6% | 5.6% |
| 10/22/2025 | 1.7% | 8.0% | 8.1% |
| 7/23/2025 | 2.1% | -2.6% | -3.7% |
| 4/28/2025 | -2.2% | 0.5% | 4.0% |
| 1/22/2025 | -1.3% | 1.7% | -1.7% |
| 10/22/2024 | -0.3% | 2.0% | 18.0% |
| 7/18/2024 | 4.5% | 7.2% | 4.9% |
| 4/17/2024 | 2.9% | 12.7% | 23.3% |
| 1/26/2024 | -0.6% | -11.6% | -12.4% |
| 10/19/2023 | 1.3% | -3.7% | 16.3% |
| 7/25/2023 | 3.2% | 8.7% | -9.7% |
| 4/25/2023 | -3.1% | -0.5% | -6.8% |
| 1/19/2023 | -1.6% | 4.5% | 11.3% |
| 10/20/2022 | -3.9% | -2.7% | 1.6% |
| 7/21/2022 | 2.1% | 1.8% | 10.0% |
| 4/21/2022 | -6.6% | -11.3% | -10.6% |
| 1/20/2022 | -6.5% | -1.0% | -2.7% |
| 7/22/2021 | -3.8% | 0.6% | 1.7% |
| 4/22/2021 | -0.8% | 7.6% | 7.8% |
| 1/21/2021 | -4.6% | -10.9% | 5.6% |
| 10/28/2020 | -4.4% | 3.7% | 19.8% |
| SUMMARY STATS | |||
| # Positive | 8 | 15 | 14 |
| # Negative | 16 | 9 | 9 |
| Median Positive | 2.5% | 2.7% | 8.0% |
| Median Negative | -2.6% | -2.7% | -3.7% |
| Max Positive | 8.5% | 12.7% | 23.3% |
| Max Negative | -6.6% | -11.6% | -12.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/28/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
| 09/30/2021 | 11/02/2021 | 10-Q |
| 06/30/2021 | 08/03/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 11/08/2019 | 10-Q |
Insider Activity
Updated 8/21/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pauls, Douglas J | Direct | Sell | 8132026 | 47.90 | 3,000 | 143,700 | 2,034,409 | Form | |
| 2 | Richards, Jay D | Officer of Subsidiary | Direct | Sell | 6162026 | 48.67 | 4,000 | 194,680 | 1,971,232 | Form |
| 3 | Digiacomo, John N | Direct | Sell | 6022026 | 45.97 | 1,000 | 45,970 | 690,791 | Form | |
| 4 | Malcolm, Kevin A | Direct | Sell | 3052026 | 47.11 | 3,447 | 162,388 | 541,765 | Form | |
| 5 | Sobti, Sanjiv | Direct | Sell | 2102026 | 50.88 | 5,000 | 254,400 | 957,358 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pauls, Douglas J | Direct | Sell | 8132026 | 47.90 | 3,000 | 143,700 | 2,034,409 | Form | |
| 2 | Richards, Jay D | Officer of Subsidiary | Direct | Sell | 6162026 | 48.67 | 4,000 | 194,680 | 1,971,232 | Form |
| 3 | Digiacomo, John N | Direct | Sell | 6022026 | 45.97 | 1,000 | 45,970 | 690,791 | Form | |
| 4 | Malcolm, Kevin A | Direct | Sell | 3052026 | 47.11 | 3,447 | 162,388 | 541,765 | Form | |
| 5 | Sobti, Sanjiv | Direct | Sell | 2102026 | 50.88 | 5,000 | 254,400 | 957,358 | Form | |
| 6 | Richards, Jay D | Officer of Subsidiary | Direct | Sell | 2042026 | 49.83 | 3,506 | 174,704 | 1,778,283 | Form |
Investor Activity (13F)
Updated Nov 6, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
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| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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