BankUnited Q1 NIM down from prior quarter on seasonal funding pressures

BankUnited

22/04/2026 11:54

Overview

US regional bank's Q1 net income rose yr/yr to $61.9 mln, diluted EPS up to $0.83

Company repurchased 1.3 mln shares for $60 mln and raised dividend by 6%

Net interest margin improved yr/yr but declined from prior quarter due to seasonality

Outlook

Company did not provide specific financial guidance for future quarters or the full year in its press release

Result Drivers

SEASONALITY & FUNDING MIX - Co said net interest margin and income declined from prior quarter due to seasonally lower activity and increased reliance on higher-cost wholesale funding as non-interest bearing deposits fell

CAPITAL MARKETS REVENUE - Non-interest income fell from prior quarter, mainly reflecting lower capital markets revenue

CREDIT QUALITY IMPROVEMENT - Criticized and classified loans and non-performing loans declined from prior quarter, though net charge-offs were elevated due to two specific loans

Company press release: ID:nBw5WP0xLa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.83
Q1 Net Income
$61.90 mln
Q1 Credit Loss Provision
$24.60 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and 1 "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 $55.00, about 17.6% above its April 21 closing price of $46.77

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)