Quarterly ResultAug 4, 2026, 02:38 PM

ConnectOne Bancorp Q2 Net Income $40.16M; EPS $0.80

AI Summary

ConnectOne Bancorp reported a significant financial turnaround for Q2 2026, with net income available to common stockholders reaching $40.16 million, up from a loss of $21.80 million in Q2 2025. Basic earnings per share improved to $0.80 from a loss of $0.52 year-over-year. Net interest income increased by 44.05% to $113.64 million, while the provision for credit losses decreased by 76.75% to $8.3 million. The company also finalized the purchase price allocation for the FLIC merger, recording $11.9 million in goodwill, and increased its common stock dividend to $0.195 per share.

Key Highlights

Q2 2026 net income available to common stockholders was $40.16 million, up from a loss of $21.80 million in Q2 2025.
Basic EPS for Q2 2026 was $0.80, compared to a loss of $0.52 in Q2 2025.
Net interest income increased 44.05% to $113.64 million in Q2 2026.
Provision for credit losses decreased 76.75% to $8.3 million in Q2 2026.
Total assets grew to $14.41 billion as of June 30, 2026, from $14.00 billion at year-end 2025.
Total deposits increased to $11.74 billion as of June 30, 2026, from $11.24 billion at year-end 2025.
Common stock dividend declared at $0.195 per share for Q2 2026.
FLIC merger purchase price allocation finalized, with $11.9 million goodwill recorded.

View SEC Filing

CNOB

Major Banks

ConnectOne Bancorp, Inc.

Price Impact