earnings
confidence high
sentiment neutral
materiality 0.80
ConnectOne Q2 net income $40.2M, EPS $0.80; NIM widens to 3.42%; NPAs rise to $79.7M
ConnectOne Bancorp, Inc.
- Diluted EPS $0.80 vs $0.72 in Q1 2026 and $(0.52) in Q2 2025; operating EPS $0.84.
- Net interest margin expanded 7th consecutive quarter to 3.42%; loans grew 5% annualized, core deposits 8%.
- Nonperforming assets increased to $79.7M (0.55% of assets) from $41.6M, driven by NYC rent-stabilized multi-family loans.
- Recorded $13.8M charge-off on NYC multi-family loans; provision for credit losses $8.3M vs $5.2M in Q1.
- Common dividend declared $0.195/share, payable Sept 1, 2026 to holders of record Aug 14, 2026.