BankUnited's Q3 adjusted EPS misses estimates, non-interest income declines

BankUnited

21/10/2026 11:57

Overview
U.S. commercial bank's Q3 net income rose slightly yr/yr, diluted EPS up from prior quarter
Adjusted EPS for Q3 missed analyst expectations
Company repurchased 2.1 mln shares for $97 mln in Q3

Outlook
Company says it remains focused on increasing profitability amid strong economic conditions
BankUnited says strong capital levels support growth initiatives and shareholder returns

Result Drivers
NIM EXPANSION - Higher net interest margin driven by improved deposit pricing, sale of lower-yielding securities, and favorable loan repricing
NON-INTEREST INCOME DECLINE - Lower non-interest income due to losses on securities sales, reduced BOLI returns, and lower lease financing and capital markets income
CREDIT QUALITY - Credit metrics improved yr/yr with fewer criticized and classified loans, though non-performing loans rose from prior quarter

Company press release: ID:nBwbWKN6Za

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Miss
$1.03
$1.05 (9 Analysts)
Q3 EPS
 
$1.01
 
Q3 Net Income
 
$72.2 mln
 
Q3 CET1 Capital Ratio
 
12.1%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for BankUnited, Inc. is $48.00, about 13.4% above its October 20 closing price of $42.32
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Oct 20 - KeyCorp Q3 revenue rises 8% to record, profit up 24%
Oct 20 - East West Bancorp Q3 revenue beats estimates on loan and deposit growth
Oct 19 - Zions Bancorp Q3 EPS rises 20% on improved credit quality

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)