BankUnited Earnings Call Transcripts
Fiscal Year 2026
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Q3 net income was $72 million, or $1.01 per share; adjusted EPS was $1.03, and NIM reached 3.16%, ahead of the Q4 target. Guidance points to further Q4 margin expansion, while loan growth and capital returns remain balanced against credit and rate risks.
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Record NIDDA to deposit ratio and nearly $10B in NIDDA drove strong deposit and margin growth, while loan growth lagged due to competition and strategic exits. Guidance was fine-tuned: higher deposit and fee income expectations, but lower loan and NII growth.
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The meeting covered director elections, auditor ratification, executive compensation, and an amended equity plan, all of which were approved by shareholders. No questions were raised during the Q&A session.
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First quarter results showed year-over-year growth in net income, deposits, and credit quality, with management reaffirming full-year guidance and highlighting strong NIDDA growth and robust pipelines despite competitive and geopolitical pressures.
Fiscal Year 2025
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Delivered strong double-digit growth in EPS, earnings, and PP&R for 2025, with robust Q4 results and margin expansion. Core loans and deposits grew significantly, credit quality remained solid, and a $200M buyback plus dividend increase were announced.
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Earnings, ROA, and margin all improved, with net income of $71.9M and EPS of $0.95 beating consensus. Credit quality remained stable, expenses were well controlled, and fee income grew 24% year-over-year. Management expects continued margin and ROE growth, with balanced loan and deposit pipelines.
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Q2 2025 saw strong earnings, margin expansion, and robust deposit growth, with net income of $68.8M and NIDDA up over $1B. Office-related NPLs increased as expected, but reserves and capital remain strong. Guidance calls for continued margin and deposit growth.
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Q1 2025 net income was $58.5M ($0.78/share), beating consensus, with strong deposit growth and lower funding costs. Guidance remains unchanged, with margin expansion expected, though management notes increased macro uncertainty and is holding excess capital.
Fiscal Year 2024
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Strong Q4 and FY results featured robust EPS and NIM growth, with net income of $69.3M and EPS of $0.91, beating consensus. Deposit costs declined, non-interest DDA grew, and wholesale funding was reduced. 2025 guidance calls for continued margin expansion and deposit growth.
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Q3 2024 saw net income rise to $61.5M ($0.81/share), with margin and ROA/ROE improving year-over-year. NIM is expected to be flat in Q4, with NIDDA growth resuming next year. CRE and credit quality remain strong, and capital is being prioritized for growth over buybacks.
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Q2 2024 saw strong EPS and net income, robust deposit and loan growth, and margin expansion. Credit quality remains solid, with office CRE risks well reserved. Guidance for NIM and expense growth is unchanged, and capital deployment options will be reviewed in August.