The EPS miss vs consensus may pressure the stock near-term, but NIM expansion to 3.16% and Q4 guidance for ~3.20% NIM suggest improving core profitability. Watch the Q4 earnings call for commentary on deposit competition, loan growth trajectory, and the pace of share repurchases. The AOCI-driven decline in tangible book value is a headwind for capital-sensitive investors.
Price Chart
Executive Summary
BankUnited reported Q3 2026 GAAP diluted EPS of $1.01, a 4.7% miss vs the $1.06 consensus, and revenue of $260.7M (net interest income) vs $293.7M consensus. Net interest margin expanded 10 bps QoQ to 3.16%, ahead of prior guidance, driven by lower deposit costs and improved loan yields. The company provided Q4 guidance for NIM of ~3.20% and PPNR of ~$115M, and repurchased $97M in shares during the quarter. The EPS miss is notable but partially offset by strong NIM expansion and improving credit trends.
Key Financial Metrics
Key Facts
- GAAP diluted EPS $1.01 vs consensus $1.06 (miss of -4.7%)
- Net interest income $260.7M vs consensus revenue $293.7M (the consensus figure appears to include non-interest income; NII alone was $260.7M)
- Net interest margin 3.16%, up 10 bps QoQ and 16 bps YoY, ahead of prior guidance
- Provision for credit losses $9.0M, down from $15.6M in Q2 and $11.9M a year ago
- Criticized and classified loans down $176M YoY; NPLs down $116M YoY but up $40M QoQ
- Share repurchases of $97.0M in Q3; $206.7M YTD
- Q4 guidance: NIM ~3.20%, NII ~$265M, PPNR ~$115M, credit provision ~$15M
- Tangible book value per share fell to $39.10 from $40.48 in Q2 due to AOCI decline from higher unrealized securities losses
Financial Impact
EPS miss of ~$0.05 vs consensus; NII grew $5.3M QoQ; provision declined $6.6M QoQ
Risk Factors
- EPS miss of -4.7% vs consensus may disappoint momentum traders
- AOCI decline of $137.8M QoQ due to higher unrealized securities losses pressures tangible book value
- NPLs increased 18% QoQ ($40M), though still down 30% YoY
- Non-interest income fell $9.5M QoQ due to strategic securities sale losses and lower capital markets revenue
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001504008-26-000088 |
| Exhibit: exhibit99209302026.htm | 0001504008-26-000088 |
| Document: bku-20261021.htm | 0001504008-26-000088 |
| Document: 0001504008-26-000088-index-headers.html | 0001504008-26-000088 |
| Document: 0001504008-26-000088-index.html | 0001504008-26-000088 |
| Document: 0001504008-26-000088.txt | 0001504008-26-000088 |
| 8-K Data (Synthetic) | 0001504008-26-000088 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | Institutional Cluster | $43.76 $43.57 | ▲ +0.43% | ▼ −0.09% | $43.16 (+1.37%) |
Oct 21, 2026 6d ago | 8-K | $42.08 $43.76 | ▲ +3.99% | ▲ +5.17% | $43.16 (+2.57%) |
Aug 13, 2026 10w ago | 144 | $47.83 $48.34 | ▲ +1.07% | ▲ +1.26% | $43.16 (−9.76%) |
Jul 22, 2026 13w ago | 8-K | $45.94 $46.98 | ▼ −2.26% | ▼ −3.50% | $43.16 (+6.05%) |
May 21, 2026 22w ago | 8-K | $46.22 $47.21 | ▲ +2.14% | ▲ +1.56% | $43.16 (−6.62%) |
Apr 1, 2026 30w ago | Court Ruling | $44.57 $45.06 | ▼ −1.10% | ▼ −0.63% | $43.16 (+3.16%) |
US Market Status
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