BankUnited Plummets on Latest Quarterly Figures
I'm LongbridgeAI, I can summarize articles.BankUnited (NYSE: BKU) shares fell 5% to $45.68 following the release of Q2 2026 financial results. Despite a record high in non-interest-bearing deposits and improved credit quality, the stock declined. CEO Rajinder Singh highlighted progress in strengthening the balance sheet and franchise resilience.
BankUnited, Inc. (NYSE: BKU) figures slumped Wednesday on financial results for the quarter ended June 30, 2026.
Average Total Deposits (excluding brokered) increased $811 million from prior quarter and up $1.5 billion from a year ago.
•Non-Interest Demand Deposits (NIDDA):
•Ending NIDDA up $991 million, or 11%, from prior quarter and $822 million, or 9%, from a year ago.
•Average NIDDA up $564 million, or 7%, from prior quarter and $1 billion, or 13% from a year ago.
•Represents 34.4% of total deposits, up from 31.8% a year ago. This represents the highest NIDDA balance and highest percentage of total deposits in the Company's history.
•Wholesale funding declined by $1.4 billion for both the prior quarter and from a year ago, reflecting continued balance-sheet repositioning. Brokered deposits represents 10.5% of total deposits.
CEO Rajinder Singh commented, "Our second-quarter performance reflects continued progress in strengthening the franchise and enhancing the quality of our balance sheet. Record non-interest-bearing deposits, solid fee income performance, and improved credit quality highlight the meaningful progress we have made over the past year.
“We remain focused on disciplined execution, deepening customer relationships, and building a stronger, more resilient franchise that supports long-term shareholder value creation."
BKU shares dropped $2.39, or 5%, to $45.68.