According to the director
of Chasing Amy
, Kevin Smith
, despite all of Banky's "passive-agressive gay bashing," he is gay
. In the New Jersey Triolgy
timeline, some time after the end of Chasing Amy, Banky and Hooper (also a gay man) end up getting together.
Kevin Smith seems to like hinting towards characters being gay without actually saying it in the movie (ie. Randal Graves, Banky Edwards, and Jay).