BankUnited Inc Dossier
|
SectorFinancials IndustryBanks - Regional Beta (adjusted)1.12 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $42.20Price as of 30 Sep 2026 Data confidence Sign in to view data confidence Market Cap $3B Enterprise Value $2.9B Shares Outstanding 72.6M diluted Next Earnings Date21 Oct 2026 Last ex-dividend10 Jul 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary BankUnited, Inc. (BKU) is undergoing a multi-year strategic balance sheet transformation, shifting away from high-cost wholesale funding toward lower-cost core deposits, particularly non-interest-bearing demand deposits (NIDDA). While this strategy has successfully driven year-over-year net interest margin (NIM) expansion to 2.99% in Q1 2026, the bank continues to face near-term headwinds. These include seasonal deposit pressures, tight lending spreads, and rising credit normalization, as evidenced by elevated net charge-offs in its C&I portfolio. BKU's valuation at approximately 1.1x tangible book value is reasonable and reflects its Florida-centric growth potential, but its weaker core profitability relative to regional peers warrants a cautious, wait-and-see approach. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$42.00 Mean target$50.27 High · most bullish analyst$55.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario Persistent deposit competition forces BKU to rely more heavily on high-cost brokered deposits, squeezing NIM back below 2.85%. Asset quality deteriorates further in the commercial real estate or middle-market C&I portfolios, leading to elevated provisions and charge-offs that depress earnings below $3.30 per share. The stock de-rates as investors price in weaker profitability and higher risk. Base CaseCentral scenario The bank successfully navigates the high interest rate environment by maintaining its NIM near 3.00% and continuing to grow core deposits through its National Title Services and Florida franchise. Credit costs normalize gradually without severe spikes, and the bank achieves its projected EPS of $3.75 for fiscal year 2026. Valuation multiples remain stable, supported by ongoing share repurchases and a solid dividend yield. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |