BankUnited has revised its full-year 2026 net interest income growth forecast down to 5% to 6% from its prior expectation, while lifting its outlook for noninterest-bearing demand deposit account average balances to 12% to 13% growth. CEO Raj Singh described the adjustments as fine-tuning rather than a reset, noting slightly better deposit performance and fee income but slightly lower loan growth and margin. Core loan growth expectations were reduced to 4% to 5% from an original projection of 6%, with management citing tighter credit spreads and a commitment to pricing discipline that led to about $230 million to $240 million in strategic loan exits during the quarter. The bank reported second-quarter earnings of $0.97 per share on net income of approximately $71 million, a net interest margin of 3.06%, and a return on equity of 9.3%. NIDDA balances reached $9.935 billion, pushing the NIDDA-to-total-deposits ratio to a record 34.4%, while total deposits excluding broker deposits rose by $1.1 billion and average wholesale funding balances declined by $636 million from the prior quarter. Singh said the bank expects to reach a 3.15% net interest margin by year-end and repurchased just over $50 million in stock during the quarter, with $146 million remaining under its current board authorization.
BankUnited IncBankUnited lowered its 2026 net interest income growth outlook to 5%-6% and reduced core loan growth expectations to 4%-5%, citing tighter credit spreads and strategic loan exits.