BKU — what changed in the latest 10-Q
A section-by-section comparison of BKU's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-05 vs the prior 10-Q · 2026-08-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +47 | −45 | ~50 | 94 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3)
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-05
•Adjusted net income excluding the impact of securities sales was $73.9 million, or $1.03 per diluted EPS, up from $70.0 million, or $0.96 per diluted EPS.
•Annualized ROAA increased to 0.82% from 0.81% and annualized ROAE improved to 9.6% from 9.3%.
•The net interest margin, calculated on a tax-equivalent basis, expanded to 3.16%, up 0.10%, from 3.06%.
•Total loans declined by $114 million, primarily due to continued purposeful runoff in non-core loans, including a $70 million decrease in residential loans, consistent with our balance sheet repositioning strategy. Core loans decreased modestly by $32 million during the quarter.
•Total criticized and classified loans decreased by $10 million, while non-performing loans increased by $40 million, or 18%. The annualized net charge-off ratio remained low at 0.11% in both the current and prior quarter.
Text removed vs the prior filing · source: 10-Q · 2026-08-06
•Net income was $70.7 million, or $0.97 per diluted share, up from $61.9 million, or $0.83, per diluted share.
•PPNR, a non-GAAP measure, increased by 3%, to $109.9 million from $106.3 million.
•Annualized ROAA increased to 0.81% from 0.72% and annualized ROAE improved to 9.3% from 8.1%.
•The net interest margin, calculated on a tax-equivalent basis, expanded to 3.06%, up 0.07%, from 2.99%.
•Total deposits, excluding brokered deposits, grew by $1 billion.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice