Bananas split because they want to make humans happy. They know that one of our favorite deserts is banana split.
It's mostly tied into type of bananas. For example, the silk figs (manzano) will always split when fully ripe. Notice they have a very thin peel? Some of the thicker peeled ones, like commercial types Williams, etc., very rarely split, even when fully ripe. If you pick them on green side even the silk figs can be prevented from splitting. This probably doesn't answer your question, but at least you can prevent the bothersome splitting. If i had to guess i would think splitting has to do with to fast a growth burst. In other words the interior is growing faster than exterior.