Here are 1-2 brief analogies for BankUnited (BKU):

• Think of it as a regional version of Bank of America, with a focus on customers in Florida and New York.
• Similar to a smaller PNC Bank, providing traditional banking services primarily in Florida and New York.

• Deposit Accounts: Offers various deposit accounts including checking, savings, money market, and certificates of deposit for individuals and businesses.
• Commercial Lending: Provides a range of financing solutions for businesses, primarily comprising commercial real estate, commercial and industrial, and equipment loans.
• Residential Mortgage Loans: Originates and services mortgage loans for individuals looking to purchase or refinance residential properties.
• Treasury Management Services: Delivers comprehensive cash management, payment processing, and fraud prevention solutions designed for business clients.

BankUnited (BKU) serves a diverse customer base, providing financial products and services to both individuals and businesses. Given the nature of its banking operations, it does not typically have "major customers" in the sense of a few large companies whose business constitutes a significant portion of its revenue, nor does it primarily sell to individuals. Instead, its customer base is segmented into several categories.

The categories of customers BankUnited serves include:

• Individual/Consumer Customers: This segment includes individuals and households who utilize BankUnited for personal banking services such as checking and savings accounts, residential mortgages, personal loans, and other consumer financial products.
• Commercial and Corporate Customers: This broad category encompasses small to medium-sized businesses (SMBs) as well as larger corporate clients. These customers engage BankUnited for commercial loans, lines of credit, treasury management services, business checking and savings accounts, and commercial real estate financing.
• High-Net-Worth (HNW) Customers: Through its wealth management division, BankUnited serves high-net-worth individuals and families, offering specialized financial planning, investment management, and private banking services tailored to their complex financial needs.

• Fidelity National Information Services (Symbol: FIS)
• KPMG LLP

Rajinder P. Singh Chairman, President and Chief Executive Officer

Mr. Singh has served as Chairman, President, and Chief Executive Officer of BankUnited, Inc. since January 2017, and was appointed Chairman of the Board of Directors in January 2019. He is one of the founding organizers of BankUnited and served as its Chief Operating Officer from October 2010 until his promotion in 2017. Prior to joining BankUnited, Mr. Singh was a managing director and led the financial services practice of WL Ross & Co., a private equity firm that was part of the investor group that recapitalized BankUnited in 2009. Earlier in his career, he was executive vice president of Capital One Financial Corporation's banking segment. He joined Capital One following its purchase of North Fork Bancorporation, where he was head of corporate strategy and development, playing a role in the sale of North Fork to Capital One. Before North Fork, he was a managing director at FleetBoston Financial Corporation, where he was involved in over 20 transactions, including the acquisitions of BankBoston and Quick & Reilly, and the eventual sale of Fleet to Bank of America.

Leslie N. Lunak Chief Financial Officer

Ms. Lunak has been the Chief Financial Officer of BankUnited, Inc. since March 2013 and also serves as its Principal Accounting Officer. She joined BankUnited in 2010 and previously held roles as Executive Vice President and Chief Accounting Officer from June 2012 to March 2013, and Senior Vice President, Finance from October 2010 to June 2012. Before BankUnited, Ms. Lunak was an Audit Director at the public accounting firm McGladrey & Pullen, LLP from 2004 to 2010, specializing in the financial services industry. Her earlier career includes serving as a senior audit manager with Adair, Fuller, Witcher and Malcom, and working as an independent consultant providing finance and accounting services primarily to community banks and thrifts. She began her career at Deloitte as an audit manager. Ms. Lunak is scheduled to retire effective January 1, 2026.

James G. Mackey Incoming Chief Financial Officer

Mr. Mackey is set to join BankUnited as Senior Executive Vice President on August 15, 2025, and will assume the role of Chief Financial Officer on November 1, 2025, succeeding Leslie Lunak. He brings over three decades of financial leadership experience, most recently serving as CFO for Wells Fargo's consumer lending division. His prior experience includes CFO positions at Freddie Mac and Ally Financial, as well as divisional CFO roles at Bank of America. At Ally Financial, he played a key role in transforming the company into a diversified digital bank. At Bank of America, he led finance teams through the financial crisis and was involved in significant acquisitions.

Thomas M. Cornish Chief Operating Officer

Mr. Cornish has served as Chief Operating Officer of BankUnited since January 2017. Before this role, he was the President of BankUnited's Florida region from 2014 to 2016. Prior to joining BankUnited, Mr. Cornish served as President and Chief Executive Officer of Marsh & McLennan Agency, Florida Region, from 2004 to 2014. He also held various senior leadership positions with SunTrust Bank from 1983 to 2003.

Jay Richards Senior Executive Vice President and Chief Risk Officer

Mr. Richards has been BankUnited's Chief Risk Officer since September 2019, overseeing an integrated Enterprise Risk Management group. He previously served as Chief Credit Officer from January 2018 to September 2019. Mr. Richards has extensive experience across various banking sectors, having held senior leadership positions at TD Bank (and its predecessor banks), Compass Bank, Regions Bank (and its predecessor banks), and Bank One (now part of JPMorgan Chase). He also has significant experience in bank mergers and acquisitions.

BankUnited (BKU) operates primarily in Florida, the New York metropolitan area, and Dallas, Texas, offering commercial lending and deposit services, and some consumer banking products. While specific, granular market sizes for all its products across its precise operating regions are not fully available, the following represents the addressable markets for its main products and services where data is obtainable:

• Commercial Lending:
  • The Commercial Banking industry in Florida is estimated to be $65.5 billion in 2025.
  • Small business loans in Florida amount to $52.9 billion.
  • The overall U.S. commercial banking market is valued at $732.5 billion in 2025 and is projected to reach $915.45 billion by 2030. Commercial lending constitutes a significant portion of this market.
  • The commercial real estate market in New York City, a key area for BankUnited, is estimated to be close to $2 trillion in terms of value.
• Consumer Banking/Deposit Services:
  • The United States retail banking market is valued at $0.87 trillion (USD 870 billion) in 2025 and is projected to reach $1.08 trillion by 2030. Other estimates suggest the market could reach $3,554 billion by 2033.
  • Total deposits in Florida were $831 billion as of Q2 2024.
  • Deposits in the Miami-Fort Lauderdale-West Palm Beach, FL Metropolitan Statistical Area totaled $336.26 billion in Q2 2025.
• Wealth Management:
  • The U.S. wealth management market had $64.4 trillion in assets under management (AUM) in 2024, with projections to reach $87.35 trillion by 2028. The United States accounts for approximately 54.2% of global AUM in 2025.
  • Globally, the wealth management market is valued at $1.83 trillion in 2024 and is projected to grow to $3.62 trillion by 2032.

1. Net Interest Margin (NIM) Expansion: The company has demonstrated success in expanding its net interest margin, reaching 3.00% in Q3 2025, ahead of its internal targets. Management anticipates continued growth in NIM, which directly contributes to an increase in Net Interest Income (NII), a primary revenue component for banks.
2. Growth in Deposits and Non-Interest Bearing Demand Accounts (NIDDA): BankUnited has reported significant non-broker deposit growth, with $1.2 billion added over the last 12 months. The company projects double-digit NIDDA growth for the full year 2025. This focus on lower-cost funding sources is crucial for supporting further NIM expansion and overall revenue growth.
3. Strategic Geographic Expansion: BankUnited is actively expanding its market presence by opening new corporate banking offices in growing regions. Recent examples include a new office in Morristown, New Jersey (May 2025), entry into the Charlotte market with a new team focused on corporate banking and commercial real estate (July 2025), and a new office in Tampa, Florida (September 2025). These expansions are designed to capture new business, increasing both deposit and loan volumes.
4. Diversified Commercial Loan Growth: While facing some fluctuations in C&I loans, BankUnited expects low single-digit core C&I loan growth year-over-year and anticipates a stronger fourth quarter for loan production. The bank also projects mid-single-digit growth in its core commercial real estate (CRE) loan portfolio. A strategic focus on diversifying its loan portfolio is also in place to enhance revenue streams and reduce risk.
5. Expansion of Fee Income Businesses: Management views its fee income initiatives as being in their "early innings" with significant long-term potential. Non-interest income, excluding lease financing, has shown a 24% year-over-year increase. Key areas contributing to this growth include lending fees, syndication fees, capital markets, and interest rate derivatives.

Share Repurchases

• BankUnited repurchased approximately 3.4 million shares of common stock for an aggregate purchase price of approximately $105.1 million under an existing $150 million authorization through March 13, 2020.
• In September 2022, BankUnited's board of directors authorized the repurchase of up to an additional $150 million worth of shares with no expiration date.
• As of December 31, 2024, $20.2 million worth of shares remained to be repurchased under existing authorizations. A new authorization for up to $100 million in share repurchases was approved on July 22, 2025.

Share Issuance

• Common shares issued and outstanding were 74,372,505 at December 31, 2023, increasing to 74,756,756 as of April 23, 2024.
• Common shares issued and outstanding further increased to 74,749,012 at September 30, 2024, and 75,242,048 at March 31, 2025.
• Paid-in capital increased from $283,642 thousand at December 31, 2023, to $290,719 thousand at June 30, 2024, and to $301,321 thousand at March 31, 2025.

Outbound Investments

• BankUnited has expanded its wholesale banking operations by launching new offices in Morristown, New Jersey, and Charlotte, North Carolina.

Capital Expenditures

• BankUnited's capital expenditures for June 2025 were -$606,000.