BankUnited, Inc. filings document the formal disclosures of a bank holding company whose principal subsidiary is BankUnited, N.A. Form 8-K reports furnish quarterly and annual operating results, supplemental earnings materials, investor presentations, capital-return authorizations, debt redemptions, and executive officer transition agreements.
Proxy materials describe board elections, executive compensation, equity-award data, shareholder voting matters, and governance practices. The filing record also covers loan and deposit composition, net interest margin, allowance and provision for credit losses, non-performing and criticized loans, commercial real estate exposure, common-stock repurchase programs, senior notes activity, and risk-related bank operating metrics.
BankUnited, Inc. updated the change-in-control protections for its Chief Financial Officer, James Mackey. The Compensation Committee approved an amended and restated letter agreement that replaces his prior change in control retention bonus with a double-trigger severance benefit.
Under the new terms, if a change in control occurs and Mr. Mackey’s employment is terminated by the company without “cause” or by him for “good reason” during the two-year period following that change in control, he will receive a lump-sum cash payment equal to two times his annual base salary, subject to an effective release of claims in favor of the company. The new agreement supersedes and replaces his July 22, 2025 letter agreement.
BankUnited, Inc. reported Q1 2026 net income of $61.9 million, or $0.83 per diluted share, up from $58.5 million and $0.78 a year earlier. Net interest margin rose to 2.99% from 2.81% as deposit costs eased and funding mix improved.
Annualized return on average assets was 0.72% and return on average equity was 8.1%. The allowance for credit losses was 0.87% of total loans, while non‑performing assets were 0.79% of total assets. CET1 capital stood at 12.2%, and the tangible common equity ratio was 8.3%.
Total loans declined modestly, and wholesale funding fell by $70 million as the loan‑to‑deposit ratio moved to 82.3%. The company repurchased about 1.3 million shares for $60.0 million and increased its quarterly dividend to $0.33 per share, while book value per share was $41.11 and tangible book value was $40.05.
BankUnited Inc ownership disclosure: Vanguard Capital Management reports beneficial ownership of 3,867,073 shares of Common Stock, representing 5.25% of the class as of 03/31/2026. The filing states Vanguard has sole dispositive power over 3,867,073 shares and sole voting power for 574,693 shares.
BankUnited Inc ownership disclosure: Vanguard Portfolio Management reports beneficial ownership of $0 4,982,706 shares of Common Stock, representing 6.76% of the class as of the filing. The filer reports sole dispositive power for 4,982,706 shares and sole voting power for 54,696 shares. The statement clarifies holdings reflect securities managed across Vanguard affiliates and funds and is signed on 04/28/2026.
BankUnited, Inc. reported first-quarter 2026 net income of $61.9 million, or $0.83 diluted EPS, down from the prior quarter but higher than a year ago. Net interest income was $249.0 million with a net interest margin of 2.99%, reflecting typical first‑quarter seasonality.
Total assets reached $35.4 billion, while non-brokered deposits grew $1.4 billion year over year and $277 million from the prior quarter, helping reduce higher-cost wholesale funding. Credit quality improved as non-performing assets fell to 0.79% of total assets and the allowance-to-non-performing loans coverage ratio rose to 75.90%.
The bank maintained strong capital with a 12.2% CET1 ratio and tangible book value per share of $40.05, up 7% year over year. Management returned $60.0 million to shareholders through repurchasing approximately 1.3 million shares and increased the quarterly common dividend to $0.33 per share.
BankUnited, Inc. is asking shareholders to vote at its virtual 2026 annual meeting on four items: electing nine directors, ratifying Deloitte & Touche LLP as auditor, an advisory say‑on‑pay vote, and approving an amended and restated 2023 Omnibus Equity Incentive Plan.
The meeting will be held online on May 21, 2026, with a March 24, 2026 record date, when 73,720,001 common shares were outstanding. The Board highlights strong governance practices, an independent lead director, fully independent key committees, and board diversity by gender and ethnicity.
The proxy describes active shareholder engagement, climate and cybersecurity oversight, and AI governance. It notes cumulative capital returns over time, including a $100 million share repurchase authorization in July 2025, an additional $200 million authorization in January 2026, and a quarterly dividend increased to $0.33 per share.
Cornish Thomas M. reported acquisition or exercise transactions in this Form 4 filing.
BankUnited, Inc. reported that Chief Operating Officer Thomas M. Cornish received a grant of 14,740 restricted share units. Each unit represents the right to receive, at settlement, one share of common stock or cash equal to the fair market value of one share. Following this award, he holds 35,844 restricted share units directly. The grant was issued under the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan and is scheduled to vest in three tranches on December 31, 2026, December 31, 2027, and December 31, 2028.
BankUnited, Inc. reported that subsidiary officer Rishi Bansal received a grant of 8,690 restricted share units on common stock as equity compensation. Each unit represents the right to receive one share of common stock or cash equal to its fair market value at settlement.
The award was issued under the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan and vests in three installments: 2,897 units on December 31, 2026, 2,896 units on December 31, 2027, and 2,897 units on December 31, 2028. Following this grant, Bansal holds 21,132 restricted share units in total, reflecting a routine compensation-related acquisition rather than an open-market purchase.
Mackey James G. reported acquisition or exercise transactions in this Form 4 filing.
BankUnited, Inc. reported that its Chief Financial Officer, James G. Mackey, received a grant of 8,858 restricted share units of common stock. Each unit represents the right to receive one share of common stock or cash equal to its fair market value at settlement. The award was issued under the BankUnited, Inc. 2023 Omnibus Equity Incentive Plan and vests over three years: 2,953 units on December 31, 2026, 2,952 on December 31, 2027, and 2,953 on December 31, 2028. Following this grant, Mackey directly holds 35,668 restricted share units in total.