Exhibit 99.1

BankUnited, Inc. Reports First Quarter Results, Continued Loan Growth

Miami Lakes, Fla. — April 25, 2012 - BankUnited, Inc. (the “Company”) (NYSE:BKU) today announced financial results for the quarter ended March 31, 2012.

For the quarter ended March 31, 2012, the Company reported net income of $50.3 million or $0.49 per share.  The results for the first quarter include pre-tax expense of $1.2 million related to transaction costs for the acquisition of Herald National Bank (“Herald”), and $5.3 million of bargain purchase gain (with no related tax impact) from the acquisition of Herald.  For the quarter ended March 31, 2011, the company reported a net loss of $67.7 million, or $0.72 per share.  The first quarter of 2011 included a one-time charge of $110.4 million, recorded in conjunction with the Company’s initial public offering (IPO), which was not deductible for income tax purposes.

John Kanas, Chairman, President and Chief Executive Officer, said “We are very pleased with our operating results this quarter. Loan and deposit growth continue to reflect strong gains in market share. Additionally a noticeable improvement in the south Florida economy is beginning to have a positive impact on our performance.”

Financial Highlights

·                  The Company completed the Herald acquisition on February 29, 2012.    As a result of the acquisition, the Company recorded $306.0 million in loans and $435.5 million in deposits as of that date.  The operating results of Herald for the period from March 1 to March 31, 2012 were not significant.

·                  Loans, net of discount and deferred fees and costs, grew $572.2 million to $4.7 billion at March 31, 2012, including Herald.  For the quarter, growth in loans originated or purchased by the Company since May 21, 2009 or “new loans”, outpaced the resolution of covered loans, resulting in net growth in the loan portfolio. Excluding Herald, new loans grew by $368.1 million during the first quarter to $2.1 billion.

·                  In the first quarter of 2012, deposits grew $720.8 million to $8.1 billion, including Herald.  The cost of deposits was 0.9% for the first quarter of 2012 as compared to 1.0% for the fourth quarter of 2011 and 1.2% for the first quarter of 2011.

·                  Book value and tangible book value per common share were $16.75 and $16.01, respectively, at March 31, 2012.

Capital Ratios

BankUnited, Inc. continues to maintain a robust capital position.  The Company’s capital ratios at March 31, 2012 were as follows:

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The Company and its banking subsidiaries continue to exceed all regulatory guidelines required to be considered well capitalized.

Loans

Loans, net of discount and deferred fees and costs, increased to $4.7 billion at March 31, 2012 from $4.1 billion at December 31, 2011.  Excluding loans acquired from Herald, new loans increased by $368.1 million to $2.1 billion at March 31, 2012 from $1.7 billion at December 31, 2011.  Covered loans declined to $2.3 billion at March 31, 2012 from $2.4 billion at December 31, 2011.

In the first quarter of 2012, new commercial loans (including commercial loans, commercial real estate loans, and leases) grew $535.0 million to $1.8 billion, reflecting the Company’s expansion of market share in Florida, and the acquisition of loans from Herald.

For the quarter ended March 31, 2012, the Company’s portfolio of new residential loans grew $126.5 million to $590.0 million, primarily reflecting the Company’s purchase of residential loans outside of Florida to help diversify credit risk within the residential portfolio.

A comparison of portfolio composition at March 31, 2012 and December 31, 2011 is as follows:

Asset Quality

The Company’s asset quality remained strong, with credit risk limited by its Loss Sharing Agreements with the FDIC.  At March 31, 2012, covered loans represented 49% of the total loan portfolio, as compared to 59% at December 31, 2011.

The ratio of non-performing loans to total loans was 0.7% at March 31, 2012 as compared to 0.7% at December 31, 2011 and 0.9% at March 31, 2011.  At March 31, 2012, non-performing assets totaled $138.9 million, including $107.0 million of other real estate owned (“OREO”) as compared to $152.6 million, including $123.7 million of OREO, at December 31, 2011, and $217.6 million, including $182.5 million of OREO, at March 31, 2011.  All OREO at March 31, 2012 is covered by the Company’s Loss Sharing Agreements.

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For the quarters ended March 31, 2012 and 2011, the Company recorded a provision for loan losses of $8.8 million and $11.5 million, respectively.  Of these amounts $1.6 million and $10.0 million, respectively, related to covered loans and $7.2 million and $1.5 million, respectively, related to new loans.  The increase in the provision for new loans reflected the growth in the Company’s new loan originations.  The provisions related to covered loans were significantly mitigated by increases in non-interest income recorded in “Net gain on indemnification asset.”

The following table summarizes the activity in the allowance for loan losses for the three months ended March 31, 2012 and 2011 (in thousands):

Investment Securities

Investment securities grew to $4.7 billion at March 31, 2012 from $4.2 billion at December 31, 2011, including $161.0 million acquired from Herald.  The average yield on investment securities was 3.00% for the quarter ended March 31, 2012 as compared to 4.07% for the quarter ended March 31, 2011.  The decline in yield reflects the impact of purchases of securities at lower prevailing market rates of interest.  The effective duration of the Company’s investment portfolio was approximately 1.7 years at March 31, 2012.

Deposits

At March 31, 2012, deposits totaled $8.1 billion as compared to $7.4 billion at December 31, 2011.  Including Herald, demand deposits (including non-interest bearing and interest bearing) grew $308.7 million to $1.5 billion at March 31, 2012 from $1.2 billion at December 31, 2011.  This was driven principally by growth in commercial and small business accounts.  The average cost of deposits was 0.9% for the quarter ended March 31, 2012 as compared to 1.2% for the quarter ended March 31, 2011.  The decrease in the average cost of deposits was primarily attributable to the continued growth in lower cost deposit products and a decline in market rates of interest.

Net Interest Income

Net interest income for the quarter ended March 31, 2012 totaled $137.8 million, as compared to $112.3 million for the quarter ended March 31, 2011.

The Company’s net interest margin for the quarter ended March 31, 2012 was 5.99% as compared to 5.76% for the quarter ended March 31, 2011.

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The Company’s net interest margin for the quarters ended March 31, 2012 and 2011 was impacted by reclassification from non-accretable difference to accretable yield on ACI loans (defined as covered loans acquired with evidence of deterioration in credit quality).  Non-accretable difference at the Acquisition represented the difference between the total contractual payments due and the cash flows expected to be received on these loans.  The accretable yield on ACI loans represents the amount by which undiscounted expected future cash flows exceed the carrying value of the loans.  As the Company’s expected cash flows from ACI loans have increased since the Acquisition, the Company reclassified amounts from non-accretable difference to accretable yield.

Changes in accretable yield on ACI loans for the quarter ended March 31, 2012 and the year ended December 31, 2011 were as follows (in thousands):

Non-Interest Income

Non-interest income for the quarter ended March 31, 2012 was $36.4 million, as compared to $64.3 million for the quarter ended March 31, 2011.

Non-interest income for the quarter ended March 31, 2012 was impacted by lower accretion of discount on the FDIC indemnification asset of $6.8 million as compared to $19.6 million for the quarter ended March 31, 2011.  As the expected cash flows from ACI loans have increased as discussed above, the Company expects reduced cash flows from the FDIC indemnification asset, resulting in lowered accretion.

Net gain on indemnification asset was $134 thousand for the quarter ended March 31, 2012, as compared to $26.3 million for the quarter ended March 31, 2011.  Factors impacting this change included the variance in OREO impairment and gains (losses) on the sale of OREO as discussed below, as well as the variance in the provision for losses on covered loans as discussed above.

Non-Interest Expense

Non-interest expense totaled $84.1 million for the quarter ended March 31, 2012 as compared to $204.3 million for the quarter ended March 31, 2011.  Non-interest expense for the quarter ended March 31, 2011 included a one-time compensation expense of $110.4 million recorded in conjunction with the Company’s IPO.

Employee compensation and benefits (excluding the one-time charge of $110.4 million discussed above) and occupancy and equipment expense increased for the quarter ended March 31, 2012 as compared to the quarter ended March 31, 2011, reflecting the Company’s hiring of experienced

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commercial lending teams and the opening and refurbishment of branches.  For the quarter ended March 31, 2012, the aggregate of OREO related expense, gain (loss) on sale of OREO, foreclosure expense, and impairment of other real estate owned totaled $9.9 million, as compared to $30.6 million for the quarter ended March 31, 2011.  The lower level of expense for the quarter ended March 31, 2012 reflected lower levels of foreclosure activity and OREO as compared to the prior year.

Earnings Conference Call and Presentation

A conference call to discuss the first quarter results will be held at 9:00 a.m. EDT on Wednesday April 25th with Chairman, President, and Chief Executive Officer, John A. Kanas and Chief Financial Officer, Douglas J. Pauls.

The earnings release will be available on the Investor Relations page under About Us on www.bankunited.com prior to the call.  The call may be accessed via a live Internet webcast at www.bankunited.com or through a dial in telephone number at (888) 680-0894 (domestic) or, (617) 213-4860 (international).  The name of the call is BankUnited, and the pass code for the call is 37694054.  A replay of the call will be available from 11:00 a.m. EDT on April 25 through 11:59 p.m. EDT on May 2 by calling (888) 286-8010 (domestic) or (617) 801-6888 (international).  The pass code for the replay is 11033125.  An archived webcast will also be available on the Investor Relations page of www.bankunited.com.

About BankUnited and the Acquisition

BankUnited, Inc. is a bank holding company with three wholly-owned subsidiaries:  BankUnited, N.A., which is one of the largest independent depository institutions headquartered in Florida by assets, BankUnited Investment Services, Inc., a Florida insurance agency which provides comprehensive wealth management products and financial planning services, and Herald National Bank, a commercial bank servicing the New York City market.  BankUnited, N.A., is a national bank headquartered in Miami Lakes, Florida, with $11.6 billion of assets, more than 1,404 professionals and 94 branches in 15 counties at March 31, 2012.

The Company was organized by a management team led by its Chairman, President and Chief Executive Officer, John A. Kanas, on April 28, 2009.  On May 21, 2009, BankUnited acquired substantially all of the assets and assumed all of the non-brokered deposits and substantially all other liabilities of BankUnited, FSB from the FDIC, in a transaction referred to as the “Acquisition”.  Concurrently with the Acquisition, BankUnited entered into two loss sharing agreements, or the “Loss Sharing Agreements”, which cover certain legacy assets, including the entire legacy loan portfolio and OREO, and certain purchased investment securities.  Assets covered by the Loss Sharing Agreements are referred to as “covered assets” (or, in certain cases, “covered loans”). The Loss Sharing Agreements do not apply to subsequently acquired, purchased or originated assets.  Pursuant to the terms of the Loss Sharing Agreements, the covered assets are subject to a stated loss threshold whereby the FDIC will reimburse BankUnited for 80% of losses, including certain interest and expenses, up to the $4.0 billion stated threshold and 95% of losses in excess of the $4.0 billion stated threshold.  The Company’s current estimate of cumulative losses on the covered assets is approximately $4.7 billion.  The

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Company has received $2.0 billion from the FDIC in reimbursements under the Loss Sharing Agreements for claims filed for incurred losses as of March 31, 2012.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company’s current views with respect to, among other things, future events and financial performance.  The Company generally identifies forward-looking statements by terminology such as “outlook”, “believes,” “expects,” “potential,” “continues,” “may,” “will,” “could,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of those words or other comparable words.  Any forward-looking statements contained in this press release are based on the historical performance of the Company and its subsidiaries or on the Company’s current plans, estimates and expectations.  The inclusion of this forward-looking information should not be regarded as a representation by the Company that the future plans, estimates or expectations contemplated by the Company will be achieved.  Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to the Company’s operations, financial results, financial condition, business prospects, growth strategy and liquidity.  If one or more of these or other risks or uncertainties materialize, or if the Company’s underlying assumptions prove to be incorrect, the Company’s actual results may vary materially from those indicated in these statements.  These factors should not be construed as exhaustive.  The Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.  A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements. Information on these factors can be found in the Annual Report on Form 10-K for the year ended December 31, 2011 available at the SEC’s website (www.sec.gov).

Contacts

BankUnited Inc.

Investor Relations:

Douglas J. Pauls, 305-461-6841

dpauls@bankunited.com

or

Media Relations:

Mary Harris: 305-817-8117

mharris@bankunited.com

Source: BankUnited Inc.

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BANKUNITED, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS - UNAUDITED

(In thousands, except share data)

BANKUNITED, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED

(In thousands, except per share data)

BankUnited Inc. and Subsidiaries

Average balances and yields

(1) Annualized

BankUnited, Inc.

Earnings (loss) Per Common Share

(In thousands, except per share amounts)

BankUnited, Inc.

Selected Ratios