Filing Flows › BankUnited (BKU) › Q1 2026
BankUnited (BKU) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
BankUnited (BKU) reported revenue of $274M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -5% from the quarter before. Operating margin was 29.9%, net earnings $61.9M (22.6% of revenue).
BankUnited, Q1 2026: revenue $274M (+7% year over year), operating margin 29.9%, net earnings $61.9M, operating cash flow $18.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $274M | -5% | +7% |
| Operating profit | $81.7M | -9% | +2% |
| Net earnings | $61.9M | -11% | +6% |
| Operating cash flow | $18.3M | -85% | +12% |
What changed
Revenue was $273.7M in Q1 2026, up 7% year over year and down 5% from the previous quarter.
Operating profit was $81.7M, a 29.9% margin (down 1.5 points year over year). Of the extra revenue versus Q1 2025, 9% reached operating profit, below the 31% margin then. Total costs grew 9% against revenue growth of 7%. Net earnings were $61.9M, up 6% year over year. The effective tax rate was 24.3%.
Operating cash flow was $18.3M (up 12% year over year), 30% of net earnings. Non-cash charges added back $8.7M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $57.9M.
Questions
What was BankUnited's revenue in the first quarter 2026?
BankUnited (BKU) reported revenue of $274M for the first quarter 2026 (Q1 2026), +7% from a year earlier and -5% from the quarter before.
Was BankUnited profitable in the first quarter 2026?
Operating profit was $81.7M (29.9% of revenue) and net earnings $61.9M.
Source: BankUnited 10-Q on SEC EDGAR.