Regional banking company BankUnited (NYSE: BKU) beat Wall Street’s revenue expectations in Q4 CY2025, with sales up 7.8% year on year to $288.2 million. Its non-GAAP profit of $0.94 per share was 5.5% above analysts’ consensus estimates.
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BankUnited (BKU) Q4 CY2025 Highlights:
- Net Interest Income: $258.2 million vs analyst estimates of $253.9 million (7.9% year-on-year growth, 1.7% beat)
- Net Interest Margin: 3.1% vs analyst estimates of 3% (5.7 basis point beat)
- Revenue: $288.2 million vs analyst estimates of $281.9 million (7.8% year-on-year growth, 2.2% beat)
- Adjusted EPS: $0.94 vs analyst estimates of $0.89 (5.5% beat)
- Tangible Book Value per Share: $40.14 vs analyst estimates of $40.03 (9.6% year-on-year growth, in line)
- Market Capitalization: $3.49 billion
Company Overview
Born from the ashes of a failed Florida thrift during the 2009 financial crisis, BankUnited (NYSE: BKU) is a regional bank that provides commercial lending, deposit services, and treasury solutions to businesses and consumers primarily in Florida and the New York metropolitan area.
Sales Growth
Two primary revenue streams drive bank earnings. While net interest income, which is earned by charging higher rates on loans than paid on deposits, forms the foundation, fee-based services across banking, credit, wealth management, and trading operations provide additional income. Over the last five years, BankUnited grew its revenue at a sluggish 4.5% compounded annual growth rate. This was below our standard for the banking sector and is a tough starting point for our analysis.
We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. BankUnited’s annualized revenue growth of 5.4% over the last two years aligns with its five-year trend, suggesting its demand was consistently weak. 
Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, BankUnited reported year-on-year revenue growth of 7.8%, and its $288.2 million of revenue exceeded Wall Street’s estimates by 2.2%.
Net interest income made up 88.4% of the company’s total revenue during the last five years, meaning BankUnited barely relies on non-interest income to drive its overall growth.
Our experience and research show the market cares primarily about a bank’s net interest income growth as non-interest income is considered a lower-quality and non-recurring revenue source.
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Tangible Book Value Per Share (TBVPS)
The balance sheet drives banking profitability since earnings flow from the spread between borrowing and lending rates. As such, valuations for these companies concentrate on capital strength and sustainable equity accumulation potential.
Because of this, tangible book value per share (TBVPS) emerges as the critical performance benchmark. By excluding intangible assets with uncertain liquidation values, this metric captures real, liquid net worth per share. On the other hand, EPS is often distorted by mergers and flexible loan loss accounting. TBVPS provides clearer performance insights.
BankUnited’s TBVPS grew at a decent 5.2% annual clip over the last five years. TBVPS growth has accelerated recently, growing by 9.3% annually over the last two years from $33.62 to $40.14 per share.
Over the next 12 months, Consensus estimates call for BankUnited’s TBVPS to grow by 6.2% to $42.62, lousy growth rate.
Key Takeaways from BankUnited’s Q4 Results
It was encouraging to see BankUnited beat analysts’ revenue expectations this quarter. We were also happy its net interest income outperformed Wall Street’s estimates. Overall, this print had some key positives. The stock remained flat at $46.29 immediately after reporting.
So should you invest in BankUnited right now? If you’re making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here (it’s free).
