ConnectOne Bancorp, Inc. Reports Second Quarter 2026 Results

Rhea-AI Summary

ConnectOne Bancorp (Nasdaq: CNOB) reported second-quarter 2026 net income available to common stockholders of $40.2 million versus $36.3 million in Q1 2026 and a loss of $21.8 million in Q2 2025; diluted EPS was $0.80, up from $0.72 and $(0.52), respectively.

Operating net income to common stockholders was $42.2 million (operating EPS $0.84). Net interest income rose 4.4% sequentially to $114.8 million as net interest margin widened to 3.42%. Loans and core deposits grew sequentially at annualized rates of about 5% and 8%. Noninterest expenses (excluding merger items) edged down versus Q1.

The quarter included an $8.3 million provision for credit losses, driven by a $13.8 million charge-off and higher nonaccruals tied to New York City rent-stabilized multifamily loans; ACL coverage was 1.18% of loans and 175.9% of nonaccruals. Tangible book value per share rose to $24.66. The board declared a $0.195 common dividend and a $0.328125 preferred dividend, both payable September 1, 2026.

Positive

• Net income to common $40.2M, up from $36.3M in Q1 2026
• Diluted EPS $0.80 versus $(0.52) in Q2 2025
• Net interest income $114.8M, up 4.4% sequentially and 43.9% year-over-year
• Net interest margin 3.42%, up 3 bps sequentially and 36 bps year-over-year
• Loans $11.9B, deposits $11.7B, both higher than December 31, 2025
• Tangible book value per share $24.66, up from $23.52 at year-end 2025

Negative

• Provision for credit losses $8.3M, up from $5.2M in Q1 2026
• $13.8M charge-off tied to New York City rent-stabilized multifamily loans
• Nonperforming assets 0.55% of assets, up from 0.29% in Q1 2026
• ACL 1.18% of loans, down from 1.30% in Q1 2026
• Noninterest expenses (operating) $55.3M, up $12.4M versus Q2 2025

News Explained

ConnectOne committed $50 million to a tax-credit fund, while its authorized buyback remained discretionary and produced no second-quarter repurchases.

ConnectOne reports that ConnectOne Bank had executed a $50.0 million capital commitment to a renewable-energy tax-credit fund as of June 30, 2026, making that investment committed rather than merely proposed.

No common shares were repurchased during the second quarter; the company reports 90,000 shares repurchased during the six months ended June 30, 2026, leaving 551,118 shares authorized under the current program.

The authorization is a ceiling rather than a purchase obligation: the company says it may repurchase shares from time to time and may modify or suspend the program.

A Rule 10b5-1 plan would be a written, advance trading arrangement executed on a schedule or formula, but the release says only that such a plan may be adopted; it does not report that one has been adopted.

Market Context

The tag-matched earnings average was 1.72% across two events. This release paired stronger profitabi...

Analysis

The tag-matched earnings average was 1.72% across two events. This release paired stronger profitability with a $13.8 million charge-off and higher nonperforming assets. Current insider data showed Net Buying, with 1,100 shares bought; credit metrics warrant monitoring.

Key Figures

Net income: $40.2 million Diluted EPS: $0.80 Net interest margin: 3.42% +5 more

8 metrics

Net income $40.2 million Q2 2026, available to common stockholders

Diluted EPS $0.80 Q2 2026

Net interest margin 3.42% Q2 2026

Annualized loan growth 5% Sequential growth in Q2 2026

Core deposit growth 8% Sequential annualized growth in Q2 2026

Provision for credit losses $8.3 million Q2 2026

Nonperforming assets $79.7 million As of June 30, 2026

Common dividend $0.195 per share Payable September 1, 2026

Previous Earnings Reports

2 past events · Latest: Apr 23 (Positive)

Same Type Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 23	First-quarter earnings	Positive	+3.3%	Net income, EPS, margin, growth and dividend metrics improved in the reported quarter.
Oct 30	Third-quarter earnings	Positive	+0.2%	Merger-related scale supported higher earnings, net interest margin and balance-sheet measures.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Tag-matched earnings announcements were followed by positive 24-hour price reactions in both available historical events.

Key Terms

net interest margin, pre-provision net operating revenue, fully taxable equivalent net interest income, nonperforming assets, +2 more

6 terms

net interest margin financial

"net interest margin widens to 3.42%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

pre-provision net operating revenue financial

"Pre-provision net operating revenue ("Operating PPNR")"

Pre-provision net operating revenue is a bank’s core income from interest, fees and other operating sources minus its regular operating costs, measured before subtracting money set aside for potential loan losses. Think of it as a company’s everyday cash flow before it builds an emergency reserve; investors watch it to judge underlying profitability and how much cushion a bank has to absorb credit problems without hurting reported earnings.

fully taxable equivalent net interest income financial

"Fully taxable equivalent net interest income for the second quarter"

Fully taxable equivalent net interest income is a bank metric that adjusts a lender’s interest income so tax-free items (like municipal bond interest) are shown as if they had been taxed, producing a common, after‑tax comparison. It matters to investors because it lets you compare how much banks earn from lending and investing on an even footing—like converting different currencies into one unit so you can fairly compare value and profitability.

nonperforming assets financial

"Nonperforming assets, which include nonaccrual loans"

Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.

nonaccrual loans financial

"The ratio of nonaccrual loans to loans receivable"

Nonaccrual loans are loans a lender has stopped counting toward interest income because the borrower is overdue or unlikely to pay; the lender only records cash payments received and may set aside extra funds to cover potential losses. For investors, a rising number or amount of nonaccrual loans signals weaker credit quality, lower future interest revenue and larger potential write-downs — similar to pausing expected subscription income when many customers stop paying.

allowance for credit losses financial

"The allowance for credit losses ("ACL") represented 1.18%"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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OPERATING PERFORMANCE ACCELERATES
SEQUENTIAL LOAN GROWTH OF 5% AND CORE DEPOSIT GROWTH OF 8%, ANNUALIZED
NET INTEREST MARGIN WIDENS TO 3.42%
TANGIBLE BOOK VALUE PER SHARE INCREASES
COMMON & PREFERRED DIVIDENDS PER SHARE DECLARED

ENGLEWOOD CLIFFS, N.J., July 23, 2026 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today reported net income (loss) available to common stockholders of $40.2 million for the second quarter of 2026 compared with $36.3 million for the first quarter of 2026 and $(21.8) million for the second quarter of 2025. Diluted earnings (loss) per share were $0.80 for the second quarter of 2026 compared with $0.72 for the first quarter of 2026 and $(0.52) for the second quarter of 2025. Return on average assets was 1.17%, 1.10% and (0.73)% for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively. Return on average tangible common equity was 13.79%, 12.89% and (8.42)% for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively.

Pre-provision net operating revenue ("Operating PPNR") as a percentage of average assets was 1.94%, 1.81% and 1.52% for the quarters ending June 30, 2026, March 31, 2026 and June 30, 2025, respectively. The sequential increase in Operating PPNR was primarily due to a $4.8 million increase in net interest income, combined with a $0.4 million decrease in operating expenses. Operating net income available to common stockholders was $42.2 million for the second quarter of 2026, $39.6 million for the first quarter of 2026 and $23.1 million for the second quarter of 2025. Operating diluted earnings per share were $0.84 for the second quarter of 2026, $0.79 for the first quarter of 2026 and $0.55 for the second quarter of 2025. Operating return on average assets was 1.23%, 1.19% and 0.89% for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively. Operating return on average tangible common equity was 13.81%, 13.35% and 9.29% for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively. See supplemental tables for a complete reconciliation of GAAP earnings to operating earnings, and other non-GAAP measures.

The increase in net income available to common stockholders during the second quarter of 2026 when compared to the first quarter of 2026 was primarily due to a $4.8 million increase in net interest income, a $1.1 million increase in noninterest income, and a $2.5 million decrease in noninterest expenses, which were partially offset by a $3.1 million increase in the provision for credit losses and a $1.5 million increase in income tax expense. The first quarter of 2026 included merger expenses and restructuring charges related to the merger with The First of Long Island Corporation ("FLIC") of $2.1 million, reflecting our ongoing commitment to streamlining operations and enhancing organizational efficiency. The increase in net income available to common stockholders and diluted earnings per share during the second quarter of 2026 when compared to the second quarter of 2025 was primarily due to a $34.8 million increase in net interest income, a $27.4 million decrease in the provision for credit losses, a $2.7 million increase in noninterest income, and a $18.2 million decrease in noninterest expense, which was partially offset by a $21.2 million increase in income tax expense. The decrease in the provision for credit losses was driven primarily by the initial $27.4 million provision recognized in the second quarter of 2025 in connection with the merger with FLIC. Overall, the variances from the second quarter of 2026 to the second quarter of 2025 were primarily due to the merger with FLIC.

"ConnectOne delivered another quarter of accelerated performance metrics, driven by sustained momentum across our franchise and a disciplined execution of our relationship-banking business model,” commented Frank Sorrentino, ConnectOne's Chairman and Chief Executive Officer. “Loans and core deposits grew sequentially at annualized rates of approximately 5% and 8%, respectively, while our net interest margin expanded for the 7^th consecutive quarter, climbing past 3.40%. The quarter also saw enhanced operating efficiency, and strong capital levels, alongside a substantial rise in tangible book value per share."

Mr. Sorrentino added, “As one of the most efficient banks in the country, we remain committed to further enhancing our operating performance by driving productivity gains through technological innovation, including agentic workflows.”

Mr. Sorrentino concluded, “Looking ahead, we're encouraged by the strength of our business and the opportunities we see for the balance of the year and beyond. Through the continued execution of our strategic priorities and results-oriented culture, we’re confident in ConnectOne's ability to deliver profitable growth and create long-term value for shareholders.”

Dividend Declarations

The Board of Directors declared cash dividends on the Company's common and outstanding preferred stock. A cash dividend on common stock of $0.195 per share will be paid on September 1, 2026, to common stockholders of record on August 14, 2026. A dividend of $0.328125 per depositary share, representing a 1/40th interest in a share of the Company’s 5.25% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, will also be paid on September 1, 2026, to holders of record on August 14, 2026.

Operating Results

Fully taxable equivalent net interest income for the second quarter of 2026 was $114.8 million, an increase of $4.9 million, or 4.4%, from the first quarter of 2026, largely due to a 3 basis-point widening of the net interest margin to 3.42% from 3.39% and a 2.2% increase in average interest-earning assets. The margin benefited from an increase in the yield on interest-earning assets, primarily due to loan repricing, partially offset by a 6 basis-point increase in the average cost of deposits, including noninterest-bearing deposits.

Fully taxable equivalent net interest income for the second quarter of 2026 increased $35.0 million, or 43.9%, from the second quarter of 2025, due to a 36 basis-point widening of the net interest margin to 3.42% from 3.06%, and a 28.5% increase in average interest-earning assets. The increase in average interest-earning assets was primarily due to the merger with FLIC. The margin benefited from a 16 basis-point increase in the yield on interest-earning assets and a 32 basis-point decrease in the average cost of deposits, including noninterest-bearing deposits.

Noninterest income was $7.9 million in the second quarter of 2026, $6.8 million in the first quarter of 2026 and $5.2 million in the second quarter of 2025. The increase compared to the first quarter of 2026 was primarily due to a $1.2 million increase in net gains on sale of loans held-for-sale, primarily SBA loans. The increase compared to the second quarter of 2025 was primarily due to a $1.4 million increase in net gains on sale of loans held-for-sale, a $0.9 million increase in BOLI income and a $0.8 million increase in deposit, loan and other income, which was partially offset by a $0.4 million decrease in net gains on equity securities. The year-over-year increases in BOLI income and deposit, loan and other income were primarily due to the merger with FLIC.

Noninterest expenses were $55.4 million for the second quarter of 2026, $57.9 million for the first quarter of 2026 and $73.6 million for the second quarter of 2025. Excluding merger expenses and restructuring charges, noninterest expenses totaled $55.3 million in the second quarter of 2026, $55.7 million in the first quarter of 2026 and $42.9 million in the second quarter of 2025. The decrease of $0.4 million during the second quarter of 2026 when compared to the first quarter of 2026 was primarily due to a $1.2 million decrease in salaries and employee benefits and a $0.3 million decrease in FDIC insurance expense, which were partially offset by a $0.5 million increase in other expenses, a $0.2 million increase in marketing and advertising expenses, a $0.2 million increase in occupancy and equipment expenses, and a $0.2 million increase in information technology and communication expenses. The $12.4 million increase for the second quarter of 2026 when compared to the second quarter of 2025 was primarily due to a $6.3 million increase in salaries and employee benefits, a $2.0 million increase in occupancy and equipment expenses, a $1.6 million increase in amortization of core deposit intangibles, a $1.3 million increase in other expenses, a $0.6 million increase in information technology and communication expenses and a $0.5 million increase in professional and consulting expense. The variances from the second quarter of 2026 to the second quarter of 2025 were primarily due to the merger with FLIC.

Income tax expense (benefit) was $16.2 million for the second quarter of 2026, $14.7 million for the first quarter of 2026 and $(5.0) million for the second quarter of 2025. The effective tax rates were 28.0%, 28.0% and (19.7)% for the second quarter of 2026, first quarter of 2026 and second quarter of 2025, respectively. The negative tax rate in 2025 was due to the merger with FLIC. As of June 30, 2026, ConnectOne Bank executed a $50.0 million capital commitment to a renewable energy tax credit fund. This investment supports our community sustainability initiatives while helping to maintain our projected full-year 2026 effective tax rate of approximately 28%.

Asset Quality

The provision for credit losses was $8.3 million for the second quarter of 2026, $5.2 million for the first quarter of 2026 and $35.7 million for the second quarter of 2025. In each of the quarters presented, the provision for credit losses reflected net portfolio growth, charges related to individually evaluated loans, changing macroeconomic forecasts and conditions and qualitative factors, while the second quarter of 2025 included the merger-related initial provision. The current quarter's increased sequential provision was primarily driven by a $13.8 million charge-off on a previously disclosed group of New York City loans secured by multiple rent-stabilized multi-family buildings, partially offset by the release of $9.2 million in multifamily qualitative reserves previously related to the criticized portion of this segment. The decrease in the provision for credit losses when compared to the second quarter of 2025 was driven primarily by the initial $27.4 million provision originally booked in the second quarter of 2025 in connection with the FLIC merger.

Nonperforming assets, which include nonaccrual loans and other real estate owned (the Bank had no other real estate owned during the periods reported), were $79.7 million as of June 30, 2026, $41.6 million as of March 31, 2026 and $39.2 million as of June 30, 2025. Nonperforming assets as a percentage of total assets increased to 0.55% as of June 30, 2026, versus 0.29% as of March 31, 2026 and 0.28% as of June 30, 2025. The ratio of nonaccrual loans to loans receivable also increased to 0.67%, as of June 30, 2026, versus 0.35% and 0.35%, at March 31, 2026 and June 30, 2025, respectively. The annualized net loan charge-offs ratio (excluding PCD loans) was 0.56% for the second quarter of 2026, 0.08% for the first quarter of 2026 and 0.22% for the second quarter of 2025. The increase in nonaccrual loans was primarily driven by a group of loans secured by multiple New York City rent-stabilized multi-family buildings, which added $29.9 million (net of charge-offs) to nonaccruals during the quarter, while $20.0 million of the previously announced $63.8 million of loans attributable to the group were brought current. Additionally, the increase in our net loan charge-off ratio (excluding PCD loans) was primarily attributable to the aforementioned $13.8 million charge-off related to this same group of loans.

The allowance for credit losses ("ACL") represented 1.18%, 1.30% and 1.40% of loans receivable as of June 30, 2026, March 31, 2026 and June 30, 2025, respectively. The ACL decreased $12.9 million to $140.1 million as of June 30, 2026, compared to $153.1 million as of March 31, 2026, reflecting recent charge-off activity and the impact on specific and qualitative reserves previously established, improvements in economic factors, and historically low levels of delinquencies and criticized loans. The ACL as a percentage of nonaccrual loans was 175.9% as of June 30, 2026, 368.1% as of March 31, 2026 and 398.2% as of June 30, 2025. Criticized and classified loans as a percentage of loans receivable improved to 1.89% as of June 30, 2026, down from 2.26% as of March 31, 2026 and from 2.44% as of June 30, 2025. Loans past due 30-89 days were 0.03% of loans receivable as of June 30, 2026, 0.81% as of March 31, 2026 and 0.13% as of June 30, 2025. 

Selected Balance Sheet Items

The Company’s total assets were $14.4 billion as of June 30, 2026, compared to $14.0 billion as of December 31, 2025. Loans receivable were $11.9 billion as of June 30, 2026 and $11.5 billion as of December 31, 2025. Total deposits were $11.7 billion as of June 30, 2026 and $11.2 billion as of December 31, 2025.

The Company’s total stockholders’ equity increased to $1.627 billion as of June 30, 2026 from $1.573 billion as of December 31, 2025. Retained earnings increased $57.6 million, partially offset by an increase in the accumulated other comprehensive loss of $3.0 million. As of June 30, 2026, the Company’s tangible common equity ratio and tangible book value per share were 8.78% and $24.66, respectively, compared to 8.62% and $23.52, respectively, as of December 31, 2025. Total goodwill and other intangible assets were $274.5 million as of June 30, 2026, and $280.2 million as of December 31, 2025.

Share Repurchase Program

The Company did not repurchase any shares of common stock during the second quarter of 2026. For the six months ended June 30, 2026, the Company repurchased 90,000 shares of common stock at an average price of $26.21, leaving 551,118 shares authorized for repurchase under the current Board approved repurchase program. The Company intends to repurchase shares from time to time in the open market, in privately negotiated stock purchases or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission and applicable federal securities laws. The share repurchase plan does not obligate the Company to acquire any particular amount of common stock and the plan may be modified or suspended at any time at the Company's discretion.

Use of Non-GAAP Financial Measures

In addition to the results presented in accordance with Generally Accepted Accounting Principles ("GAAP"), ConnectOne routinely supplements its evaluation with an analysis of certain non-GAAP measures. ConnectOne believes these non-GAAP financial measures, in addition to the related GAAP measures, provide meaningful information to investors in understanding our operating performance and trends. These non-GAAP measures have inherent limitations and are not required to be uniformly applied and are not audited. They should not be considered in isolation or as a substitute for an analysis of results reported under GAAP. These non-GAAP measures may not be comparable to similarly titled measures reported by other companies. Reconciliations of non-GAAP financial measures disclosed in this earnings release to the comparable GAAP measures are provided in the accompanying tables.

Second Quarter 2026 Results Conference Call

Management will also host a conference call and audio webcast at 10:00 a.m. ET on July 23, 2026, to review the Company's financial performance and operating results. The conference call dial-in number is 1 (585) 542-9983, meeting ID: 646 211 267. Please dial in at least five minutes before the start of the call to register. An audio webcast of the conference call will be available to the public, on a listen-only basis, via the "Investor Relations" link on the Company's website https://www.ConnectOneBank.com or at http://ir.connectonebank.com.

An online archive of the webcast will be available following the completion of the conference call at https://www.ConnectOneBank.com or at http://ir.connectonebank.com.

About ConnectOne Bancorp, Inc.

ConnectOne Bancorp, Inc., is a modern financial services company that operates, through its subsidiary, ConnectOne Bank, and the Bank’s fintech subsidiary, BoeFly, Inc. ConnectOne Bank is a high-performing commercial bank offering a full suite of banking & lending products and services that focus on small to middle-market businesses. BoeFly, Inc. is a fintech marketplace that connects borrowers in the franchise space with funding solutions through a network of partner banks. ConnectOne Bancorp, Inc. is traded on the Nasdaq Global Market under the trading symbol "CNOB," and information about ConnectOne may be found at https://www.connectonebank.com.

This news release contains certain forward-looking statements which are based on certain assumptions and describe future plans, strategies, and expectations of the Company. These forward-looking statements are generally identified by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project," or similar expressions. The Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, those factors set forth in Item 1A – Risk Factors of the Company’s Annual Report on Form 10-K, as filed with the U.S. Securities and Exchange Commission, as supplemented by the Company’s subsequent filings with the U.S. Securities and Exchange Commission, and changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company's market area, changes in accounting principles and guidelines and the impact of the health emergencies and natural disasters on the Company, its employees and operations, and its customers. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company does not undertake, and specifically disclaims any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Investor Contact:
William S. Burns
Senior Executive Vice President & CFO
201.816.4474; bill.burns@cnob.com

Media Contact:
Shannan Weeks 
MikeWorldWide
732.299.7890; sweeks@mww.com

CONNECTONE BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF FINANCIAL CONDITION

(in thousands)

		June 30,				December 31,				June 30,
		2026				2025				2025
		(unaudited)								(unaudited)
ASSETS
Cash and due from banks		$	39,552			$	92,406			$	97,792
Interest-bearing deposits with banks			322,724				288,489				498,741
Cash and cash equivalents			362,276				380,895				596,533
Investment securities			1,179,258				1,250,938				1,227,200
Equity securities			19,793				19,287				19,707
Loans held-for-sale			—				391				1,027
Loans receivable			11,869,034				11,453,280				11,164,477
Less: Allowance for credit losses - loans			140,149				154,305				156,190
Net loans receivable			11,728,885				11,298,975				11,008,287
Investment in restricted stock, at cost			46,596				54,722				49,248
Bank premises and equipment, net			53,779				55,285				54,297
Accrued interest receivable			61,561				60,761				60,950
Bank owned life insurance			376,681				370,713				364,836
Right of use operating lease assets			30,340				29,603				31,282
Goodwill			220,235				220,235				215,611
Core deposit intangibles			54,233				59,923				66,315
Other assets			278,227				200,972				220,445
Total assets		$	14,411,864			$	14,002,700			$	13,915,738
LIABILITIES
Deposits:
Noninterest-bearing		$	2,512,964			$	2,420,397				2,424,529
Interest-bearing			9,227,399				8,820,218				8,853,958
Total deposits			11,740,363				11,240,615				11,278,487
Borrowings			715,416				903,489				783,859
Subordinated debentures, net			202,236				201,864				276,500
Operating lease liabilities			32,929				32,446				35,334
Other liabilities			94,395				50,946				45,127
Total liabilities			12,785,339				12,429,360				12,419,307
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Preferred stock			110,927				110,927				110,927
Common stock			857,765				857,765				857,765
Additional paid-in capital			39,688				38,763				36,728
Retained earnings			731,500				673,897				614,532
Treasury stock			(78,507	)			(76,116	)			(76,116	)
Accumulated other comprehensive loss			(34,848	)			(31,896	)			(47,405	)
Total stockholders' equity			1,626,525				1,573,340				1,496,431
Total liabilities and stockholders' equity		$	14,411,864			$	14,002,700			$	13,915,738

CONNECTONE BANCORP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(dollars in thousands, except for per share data)

		Three Months Ended								Six Months Ended
		06/30/26				06/30/25				06/30/26				06/30/25
Interest income
Interest and fees on loans		$	176,250			$	132,316			$	344,548			$	247,667
Interest and dividends on investment securities:
Taxable			10,982				7,437				21,781				12,424
Tax-exempt			1,907				1,419				3,885				2,516
Dividends			947				788				1,882				1,677
Interest on federal funds sold and other short-term investments			2,821				4,070				5,208				6,535
Total interest income			192,907				146,030				377,304				270,819
Interest expense
Deposits			69,571				60,239				135,253				114,231
Borrowings			9,697				6,908				19,608				11,949
Total interest expense			79,268				67,147				154,861				126,180
Net interest income			113,639				78,883				222,443				144,639
Provision for credit losses			8,300				35,700				13,500				39,200
Net interest income after provision for credit losses			105,339				43,183				208,943				105,439
Noninterest income
Deposit, loan and other income			3,324				2,570				6,607				4,576
Income on bank owned life insurance			3,017				2,087				5,968				3,671
Net gains on sale of loans held-for-sale			1,590				181				2,017				513
Net gains (losses) on equity securities			(4	)			347				131				876
Total noninterest income			7,927				5,185				14,723				9,636
Noninterest expenses
Salaries and employee benefits			31,537				25,233				64,305				47,811
Occupancy and equipment			5,519				3,478				10,864				6,158
FDIC insurance			1,700				2,000				3,700				3,800
Professional and consulting			3,127				2,598				6,235				4,964
Marketing and advertising			1,161				840				2,087				1,435
Information technology and communications			5,394				4,792				10,637				9,396
Merger expenses and restructuring charges			108				30,745				2,233				32,065
Bank owned life insurance restructuring charge			—				—				—				327
Amortization of core deposit intangibles			2,845				1,251				5,690				1,530
Other expenses			4,025				2,712				7,534				5,468
Total noninterest expenses			55,416				73,649				113,285				112,954
Income (loss) before income tax expense			57,850				(25,281	)			110,381				2,121
Income tax expense (benefit)			16,182				(4,988	)			30,891				2,172
Net income (loss)			41,668				(20,293	)			79,490				(51	)
Preferred dividends			1,509				1,509				3,018				3,018
Net income (loss) available to common stockholders		$	40,159			$	(21,802	)		$	76,472			$	(3,069	)
Earnings (loss) per common share:
Basic		$	0.80			$	(0.52	)		$	1.52			$	(0.08	)
Diluted			0.80				(0.52	)			1.51				(0.08	)

ConnectOne's management believes that the supplemental financial information, including non-GAAP measures provided below, is useful to investors. The non-GAAP measures should not be viewed as a substitute for financial results determined in accordance with GAAP, and are not necessarily comparable to non-GAAP financial measures presented by other companies. 

CONNECTONE BANCORP, INC.

SUPPLEMENTAL GAAP AND NON-GAAP FINANCIAL MEASURES

		As of
		Jun. 30,				Mar. 31,				Dec. 31,				Sept. 30,				Jun. 30,
		2026				2026				2025				2025				2025
Selected Financial Data		(dollars in thousands)
Total assets		$	14,411,864			$	14,209,561			$	14,002,700			$	14,023,585			$	13,915,738
Loans receivable:
Commercial			1,598,678				1,638,836				1,558,436				1,613,421				1,597,590
Commercial real estate			4,871,086				4,750,508				4,625,143				4,310,159				4,285,663
Multifamily			3,679,302				3,574,336				3,437,080				3,420,465				3,348,308
Commercial construction			528,103				571,073				623,902				728,615				681,222
Residential			1,192,033				1,202,539				1,210,980				1,233,305				1,254,646
Consumer			3,313				1,801				2,017				2,166				1,709
Gross loans			11,872,515				11,739,093				11,457,558				11,308,131				11,169,138
Net deferred loan fees			(3,481	)			(3,497	)			(4,278	)			(4,495	)			(4,661	)
Loans receivable			11,869,034				11,735,596				11,453,280				11,303,636				11,164,477
Loans held-for-sale			—				10,222				391				—				1,027
Total loans		$	11,869,034			$	11,745,818			$	11,453,671			$	11,303,636			$	11,165,504
Investment and equity securities		$	1,199,051			$	1,215,806			$	1,270,225			$	1,272,335			$	1,246,907
Goodwill and other intangible assets			274,468				277,313				280,158				278,730				281,926
Deposits:
Noninterest-bearing demand		$	2,512,964			$	2,393,938			$	2,420,397			$	2,513,102			$	2,424,529
Time deposits			2,927,930				3,010,971				2,796,877				2,977,952				3,065,015
Other interest-bearing deposits			6,299,469				6,108,144				6,023,341				5,878,241				5,788,943
Total deposits		$	11,740,363			$	11,513,053			$	11,240,615			$	11,369,295			$	11,278,487
Borrowings		$	715,416			$	827,477			$	903,489			$	833,443			$	783,859
Subordinated debentures (net of debt issuance costs)			202,236				202,050				201,864				201,677				276,500
Total stockholders' equity			1,626,525				1,591,547				1,573,340				1,538,344				1,496,431
Quarterly Average Balances
Total assets		$	14,254,280			$	13,999,581			$	13,963,138			$	14,050,585			$	11,108,430
Loans receivable:
Commercial		$	1,652,412			$	1,579,368			$	1,597,123			$	1,583,673			$	1,486,245
Commercial real estate (including multifamily)			8,433,558				8,137,515				7,822,943				7,630,195				6,404,302
Commercial construction			524,023				613,661				646,414				704,170				643,115
Residential			1,198,244				1,204,082				1,221,171				1,241,375				587,118
Consumer			10,855				6,851				5,473				6,747				5,759
Gross loans			11,819,092				11,541,477				11,293,124				11,166,160				9,126,539
Net deferred loan fees			(3,331	)			(4,042	)			(4,708	)			(4,418	)			(5,097	)
Loans receivable			11,815,761				11,537,435				11,288,416				11,161,742				9,121,442
Loans held-for-sale			107				335				230				318				352
Total loans		$	11,815,868			$	11,537,770			$	11,288,646			$	11,162,060			$	9,121,794
Investment and equity securities		$	1,208,532			$	1,256,147			$	1,269,275			$	1,274,000			$	845,614
Goodwill and other intangible assets			276,313				279,158				279,165				280,814				235,848
Deposits:
Noninterest-bearing demand		$	2,424,773			$	2,384,883			$	2,473,596			$	2,486,993			$	1,680,653
Time deposits			2,992,440				2,901,327				2,946,459				3,019,848				2,662,411
Other interest-bearing deposits			6,122,264				5,996,487				5,907,547				5,889,230				4,463,648
Total deposits		$	11,539,477			$	11,282,697			$	11,327,602			$	11,396,071			$	8,806,712
Borrowings		$	812,384			$	833,551			$	781,388			$	783,994			$	723,303
Subordinated debentures (net of debt issuance costs)			202,114				201,928				201,741				263,511				170,802
Total stockholders' equity			1,612,528				1,594,699				1,558,366				1,513,892				1,344,254

		Three Months Ended
		Jun. 30,				Mar. 31,				Dec. 31,				Sept. 30,				Jun. 30,
		2026				2026				2025				2025				2025
		(dollars in thousands, except for per share data)
Net interest income		$	113,639			$	108,804			$	106,595			$	102,017			$	78,883
Provision for credit losses			8,300				5,200				2,300				5,500				35,700
Net interest income after provision for credit losses			105,339				103,604				104,295				96,517				43,183
Noninterest income
Deposit, loan and other income			3,324				3,283				3,289				3,836				2,570
Defined benefit pension plan curtailment gain			—				—				—				3,501				—
Employee retention tax credit			—				—				—				6,608				—
Income on bank owned life insurance			3,017				2,951				2,946				2,931				2,087
Net gains on sale of loans held-for-sale			1,590				427				631				859				181
Net gains (losses) on equity securities			(4	)			135				(846	)			1,674				347
Total noninterest income			7,927				6,796				6,020				19,409				5,185
Noninterest expenses
Salaries and employee benefits			31,537				32,768				31,211				32,401				25,233
Occupancy and equipment			5,519				5,345				5,265				5,122				3,478
FDIC insurance			1,700				2,000				2,400				2,400				2,000
Professional and consulting			3,127				3,108				2,908				2,929				2,598
Marketing and advertising			1,161				926				974				771				840
Information technology and communications			5,394				5,243				5,366				5,243				4,792
Restructuring and exit charges			—				—				—				994				—
Merger expenses and restructuring charges			108				2,125				498				1,898				30,745
Branch closing expenses			—				—				1,275				—				—
Bank owned life insurance restructuring charge			—				—				—				—				—
Amortization of core deposit intangible			2,845				2,845				3,196				3,196				1,251
Other expenses			4,025				3,509				3,853				3,719				2,712
Total noninterest expenses			55,416				57,869				56,946				58,673				73,649
Income (loss) before income tax expense			57,850				52,531				53,369				57,253				(25,281	)
Income tax expense (benefit)			16,182				14,709				13,851				16,277				(4,988	)
Net income (loss)			41,668				37,822				39,518				40,976				(20,293	)
Preferred dividends			1,509				1,509				1,509				1,509				1,509
Net income (loss) available to common stockholders		$	40,159			$	36,313			$	38,009			$	39,467			$	(21,802	)
Weighted average diluted common shares outstanding			50,404,698				50,382,297				50,414,115				50,462,030				42,173,758
Diluted EPS		$	0.80			$	0.72			$	0.75			$	0.78			$	(0.52	)
Reconciliation of GAAP Net Income to Operating Net Income:
Net income (loss)		$	41,668			$	37,822			$	39,518			$	40,976			$	(20,293	)
Restructuring and exit charges			—				—				—				994				—
Merger expenses and restructuring charges			108				2,125				498				1,898				30,745
Estimated state tax liability on intercompany dividends			—				—				—				—				3,000
Initial provision for credit losses related to merger			—				—				—				—				27,418
Branch closing expenses			—				—				1,275				—				—
Bank owned life insurance restructuring charge			—				—				—				—				—
Amortization of core deposit intangibles			2,845				2,845				3,196				3,196				1,251
Net (gains) losses on equity securities			4				(135	)			846				(1,674	)			(347	)
Defined benefit pension plan curtailment gain			—				—				—				(3,501	)			—
Employee retention tax credit			—				—				—				(6,608	)			—
Tax impact of adjustments			(917	)			(1,499	)			(1,802	)			1,737				(17,168	)
Operating net income		$	43,708			$	41,158			$	43,531			$	37,018			$	24,606
Preferred dividends			1,509				1,509				1,509				1,509				1,509
Operating net income available to common stockholders		$	42,199			$	39,649			$	42,022			$	35,509			$	23,097
Operating diluted EPS (non-GAAP)(1)		$	0.84			$	0.79			$	0.83			$	0.70			$	0.55
Return on Assets Measures
Average assets		$	14,254,280			$	13,999,581			$	13,963,138			$	14,050,585			$	11,108,430
Return on avg. assets			1.17	%			1.10	%			1.12	%			1.16	%			(0.73	)%
Operating return on avg. assets (non-GAAP)(2)			1.23				1.19				1.24				1.05				0.89
Pre-provision net operating revenue ("PPNR") return on avg. assets (non-GAAP)(3)			1.94				1.81				1.75				1.61				1.52

(1)	Operating net income available to common stockholders divided by weighted average diluted shares outstanding.
(2)	Operating net income divided by average assets.
(3)	Net income before income tax expense, provision for credit losses, merger expenses and restructuring charges, branch closing expenses, BOLI restructuring charges, restructuring and exit charges, employee retention tax credit, defined benefit pension plan curtailment gain, amortization of core deposit intangibles and net gains on equity securities divided by average assets.

		Three Months Ended
		Jun. 30,				Mar. 31,				Dec. 31,				Sept. 30,				Jun. 30,
		2026				2026				2025				2025				2025
Return on Equity Measures		(dollars in thousands)
Average stockholders' equity		$	1,612,528			$	1,594,699			$	1,558,366			$	1,513,892			$	1,344,254
Less: average preferred stock			(110,927	)			(110,927	)			(110,927	)			(110,927	)			(110,927	)
Average common equity		$	1,501,601			$	1,483,772			$	1,447,439			$	1,402,965			$	1,233,327
Less: average intangible assets			(276,313	)			(279,158	)			(279,165	)			(280,814	)			(235,848	)
Average tangible common equity		$	1,225,288			$	1,204,614			$	1,168,274			$	1,122,151			$	997,479
Return on avg. common equity (GAAP)			10.73	%			9.93	%			10.42	%			11.16	%			(7.09	)%
Operating return on avg. common equity (non-GAAP)(4)			11.27				10.84				11.52				10.04				7.51
Return on avg. tangible common equity (non-GAAP)(5)			13.79				12.89				13.66				14.74				(8.42	)
Operating return on avg. tangible common equity (non-GAAP)(6)			13.81				13.35				14.27				12.55				9.29
Efficiency Measures
Total noninterest expenses		$	55,416			$	57,869			$	56,946			$	58,673			$	73,649
Restructuring and exit charges			—				—				—				(994	)			—
Merger expenses and restructuring charges			(108	)			(2,125	)			(498	)			(1,898	)			(30,745	)
Branch closing expenses			—				—				(1,275	)			—				—
Bank owned life insurance restructuring charge			—				—				—				—				—
Amortization of core deposit intangibles			(2,845	)			(2,845	)			(3,196	)			(3,196	)			(1,251	)
Operating noninterest expense		$	52,463			$	52,899			$	51,977			$	52,585			$	41,653
Net interest income (tax equivalent basis)		$	114,841			$	109,976			$	107,761			$	103,155			$	79,810
Noninterest income			7,927				6,796				6,020				19,409				5,185
Defined benefit pension plan curtailment gain			—				—				—				(3,501	)			—
Employee retention tax credit			—				—				—				(6,608	)			—
Net (gains) losses on equity securities			4				(135	)			846				(1,674	)			(347	)
Operating revenue		$	122,772			$	116,637			$	114,627			$	110,781			$	84,648
Operating efficiency ratio (non-GAAP)(7)			42.7	%			45.4	%			45.3	%			47.5	%			49.2	%
Net Interest Margin
Average interest-earning assets		$	13,451,804			$	13,160,794			$	13,093,053			$	13,172,443			$	10,468,589
Net interest income (tax equivalent basis)		$	114,841			$	109,976			$	107,761			$	103,155			$	79,810
Net interest margin (non-GAAP)			3.42	%			3.39	%			3.27	%			3.11	%			3.06	%

(4)	Operating net income available to common stockholders divided by average common equity.
(5)	Net income available to common stockholders, excluding amortization of intangible assets, divided by average tangible common equity.
(6)	Operating net income available to common stockholders, divided by average tangible common equity.
(7)	Operating noninterest expense divided by operating revenue.

		As of
		Jun. 30,				Mar. 31,				Dec. 31,				Sept. 30,				Jun. 30,
		2026				2026				2025				2025				2025
Capital Ratios and Book Value per Share		(dollars in thousands, except for per share data)
Stockholders equity		$	1,626,525			$	1,591,547			$	1,573,340			$	1,538,344			$	1,496,431
Less: preferred stock			(110,927	)			(110,927	)			(110,927	)			(110,927	)			(110,927	)
Common equity		$	1,515,598			$	1,480,620			$	1,462,413			$	1,427,417			$	1,385,504
Less: intangible assets			(274,468	)			(277,313	)			(280,158	)			(278,730	)			(281,926	)
Tangible common equity		$	1,241,130			$	1,203,307			$	1,182,255			$	1,148,687			$	1,103,578
Total assets		$	14,411,864			$	14,209,561			$	14,002,700			$	14,023,585			$	13,915,738
Less: intangible assets			(274,468	)			(277,313	)			(280,158	)			(278,730	)			(281,926	)
Tangible assets		$	14,137,396			$	13,932,248			$	13,722,542			$	13,744,855			$	13,633,812
Common shares outstanding			50,319,832				50,288,494				50,271,854				50,273,089				50,270,162
Common equity ratio (GAAP)			10.52	%			10.42	%			10.44	%			10.18	%			9.96	%
Tangible common equity ratio (non-GAAP)(8)			8.78				8.64				8.62				8.36				8.09
Regulatory capital ratios (Bancorp):
Leverage ratio			9.85	%			9.79	%			9.61	%			9.35	%			11.58	%
Common equity Tier 1 risk-based ratio			10.28				10.23				10.24				10.17				10.04
Risk-based Tier 1 capital ratio			11.22				11.19				11.22				11.17				11.06
Risk-based total capital ratio			13.71				13.81				13.88				13.88				14.35
Regulatory capital ratios (Bank):
Leverage ratio			10.81	%			10.81	%			10.59	%			10.35	%			12.81	%
Common equity Tier 1 risk-based ratio			12.31				12.35				12.36				12.37				12.22
Risk-based Tier 1 capital ratio			12.31				12.35				12.36				12.37				12.22
Risk-based total capital ratio			13.20				13.33				13.33				13.38				13.24
Book value per share (GAAP)		$	30.12			$	29.44			$	29.09			$	28.39			$	27.56
Tangible book value per share (non-GAAP)(9)			24.66				23.93				23.52				22.85				21.95
Net Loan Charge-offs (Recoveries)(10):
Net loan charge-offs (recoveries):
Charge-offs		$	17,022			$	2,758			$	5,613			$	5,174			$	5,039
Recoveries			(531	)			(467	)			(836	)			(38	)			(118	)
Net loan charge-offs		$	16,491			$	2,291			$	4,777			$	5,136			$	4,921
Net loan charge-offs as a % of average loans receivable (annualized)			0.56	%			0.08	%			0.17	%			0.18	%			0.22	%
Asset Quality
Nonaccrual loans		$	79,664			$	41,579			$	45,915			$	39,671			$	39,228
Other real estate owned			—				—				—				—				—
Nonperforming assets		$	79,664			$	41,579			$	45,915			$	39,671			$	39,228
Allowance for credit losses - loans (excluding nonaccretable credit marks)		$	106,120			$	115,609			$	112,282			$	113,163			$	112,854
Add: nonaccretable credit marks			34,029				37,447				42,023				43,336				43,336
Allowance for credit losses - loans ("ACL")		$	140,149			$	153,056			$	154,305			$	156,499			$	156,190
Loans receivable		$	11,869,034			$	11,735,596			$	11,453,280			$	11,303,636			$	11,164,477
Nonaccrual loans as a % of loans receivable			0.67	%			0.35	%			0.40	%			0.35	%			0.35	%
Nonperforming assets as a % of total assets			0.55				0.29				0.33				0.28				0.28
ACL as a % of loans receivable			1.18				1.30				1.35				1.38				1.40
ACL as a % of nonaccrual loans			175.9				368.1				336.1				394.5				398.2

(8)	Tangible common equity divided by tangible assets.
(9)	Tangible common equity divided by common shares outstanding at period-end.
(10)	Includes only non-PCD loans.

CONNECTONE BANCORP, INC.

NET INTEREST MARGIN ANALYSIS

(dollars in thousands)

		For the Three Months Ended
		June 30, 2026												March 31, 2026												June 30, 2025
		Average												Average												Average
Interest-earning assets:		Balance				Interest				Rate(7)				Balance				Interest				Rate(7)				Balance				Interest				Rate(7)
Investment securities(1) (2)		$	1,275,125			$	13,397				4.21	%		$	1,307,184			$	13,302				4.13	%		$	935,996			$	9,234				3.96	%
Loans receivable and loans held-for-sale(2) (3) (4)			11,815,868				176,944				6.01				11,537,770				168,945				5.94				9,121,794				132,865				5.84
Federal funds sold and interest-
bearing deposits with banks			309,872				2,821				3.65				264,232				2,387				3.66				367,309				4,070				4.44
Restricted investment in bank stock			50,939				947				7.46				51,608				935				7.35				43,490				788				7.27
Total interest-earning assets			13,451,804				194,109				5.79				13,160,794				185,569				5.72				10,468,589				146,957				5.63
Allowance for loan losses			(155,399	)											(154,481	)											(98,030	)
Noninterest-earning assets			957,875												993,268												737,871
Total assets		$	14,254,280											$	13,999,581											$	11,108,430
Interest-bearing liabilities:
Money market deposits			3,052,487				22,148				2.91				2,903,419				20,146				2.81				2,016,336				15,467				3.08
Savings deposits			978,961				6,339				2.60				1,014,568				6,304				2.52				777,951				6,172				3.18
Time deposits			2,992,440				27,776				3.72				2,901,327				26,713				3.73				2,662,411				26,636				4.01
Other interest-bearing deposits			2,090,816				13,308				2.55				2,078,500				12,519				2.44				1,669,361				11,964				2.87
Total interest-bearing deposits			9,114,704				69,571				3.06				8,897,814				65,682				2.99				7,126,059				60,239				3.39
Borrowings			812,384				5,402				2.67				833,551				5,513				2.68				723,303				3,530				1.96
Subordinated debentures			202,114				4,283				8.50				201,928				4,385				8.81				170,802				3,361				7.89
Finance lease			845				12				5.70				921				13				5.72				1,139				17				5.99
Total interest-bearing liabilities			10,130,047				79,268				3.14				9,934,214				75,593				3.09				8,021,303				67,147				3.36
Noninterest-bearing demand deposits			2,424,773												2,384,883												1,680,653
Other liabilities			86,932												85,785												62,220
Total noninterest-bearing liabilities			2,511,705												2,470,668												1,742,873
Stockholders' equity			1,612,528												1,594,699												1,344,254
Total liabilities and stockholders' equity		$	14,254,280											$	13,999,581											$	11,108,430
Net interest income (tax equivalent basis)							114,841												109,976												79,810
Net interest spread(5)											2.65	%											2.63	%											2.27	%
Net interest margin(6)											3.42	%											3.39	%											3.06	%
Tax equivalent adjustment							(1,202	)											(1,172	)											(927	)
Net interest income						$	113,639											$	108,804											$	78,883

(1)	Average balances are calculated on amortized cost.
(2)	Interest income is presented on a tax equivalent basis using 21% federal tax rate.
(3)	Includes loan fee income.
(4)	Loans include nonaccrual loans.
(5)	Represents difference between the average yield on interest-earning assets and the average cost of interest-bearing liabilities and is presented on a tax equivalent basis.
(6)	Represents net interest income on a tax equivalent basis divided by average total interest-earning assets.
(7)	Rates are annualized.

FAQ

How did ConnectOne Bancorp (CNOB) perform in Q2 2026?

ConnectOne reported Q2 2026 net income to common stockholders of $40.2 million and diluted EPS of $0.80. According to the company, results improved from Q1 2026 and reversed a Q2 2025 loss, supported by higher net interest income and wider net interest margin.

What happened to ConnectOne Bancorp’s net interest margin in Q2 2026?

ConnectOne’s Q2 2026 net interest margin widened to 3.42%, up from 3.39% in Q1 2026 and 3.06% in Q2 2025. According to the company, the improvement reflected higher yields on interest-earning assets and lower average deposit costs year-over-year.

How did loans and deposits grow for CNOB in the second quarter of 2026?

ConnectOne reported sequential annualized growth of approximately 5% in loans and 8% in core deposits in Q2 2026. According to the company, total loans reached $11.9 billion and total deposits $11.7 billion as of June 30, 2026, both above year-end 2025 levels.

What credit issues did ConnectOne Bancorp highlight in Q2 2026?

ConnectOne recorded an $8.3 million provision for credit losses in Q2 2026, including a $13.8 million charge-off. According to the company, this was primarily related to a group of New York City rent-stabilized multifamily loans that also increased nonaccrual balances.

How strong is ConnectOne Bancorp’s allowance for credit losses after Q2 2026?

ConnectOne’s allowance for credit losses was $140.1 million, or 1.18% of loans, at June 30, 2026. According to the company, the allowance covered 175.9% of nonaccrual loans, reflecting recent charge-offs, improved economic factors, and low delinquencies and criticized loans.

What dividend did ConnectOne Bancorp (CNOB) declare for Q2 2026 shareholders?

ConnectOne’s board declared a common stock dividend of $0.195 per share, payable September 1, 2026, to holders of record August 14, 2026. According to the company, it also approved a $0.328125 dividend per Series A preferred depositary share.

Did ConnectOne Bancorp repurchase CNOB shares in Q2 2026?

ConnectOne did not repurchase common shares during Q2 2026, though it bought 90,000 shares earlier in 2026. According to the company, 551,118 shares remain authorized under its repurchase program, which may be used opportunistically and can be modified or suspended.