Connectone Bancorp, Inc. Announces Third Quarter 2026 Results Including Balance Sheet Restructuring and Repositioning
ConnectOne Bancorp reported Q3 2026 net income to common of $29.9 million, or $0.59 diluted EPS, down from $0.80 in Q2 and $0.78 a year ago, driven by a $23.0 million pretax loss on loans held-for-sale tied to a balance-sheet restructuring. Operating net income was $47.9 million, or $0.95 operating EPS versus $0.70 a year ago, with operating ROTCE at 15.2%, PPNR above 2% of average assets, and net interest margin widening to 3.44%.
Key figures
- Eps
- 0.59
- Total assets
- 14800000000
- Loan pool upb
- 750000000
- Operating eps
- 0.95
- Total deposits
- 11800000000
- Operating rotce
- 15.2%
- Ppnr avg assets
- 2.01%
- Net interest margin
- 3.44%
- Net income to common
- 29900000
- Nonperforming assets
- 64300000
- Net interest income fte
- 118500000
- Common dividend per share
- 0.195
- Restructuring charge pretax
- 23000000
- Loans held for sale fair value
- 678900000
- Operating net income to common
- 47900000
- Cre concentration ratio proforma
- 397% (from 439% at 6/30/26)
- Loan growth sequential annualized
- 11%
- Q4 restructuring transaction costs
- $7 to $8 million
- Nyc rent stabilized pct loans proforma
- ~2% (from 6%)
- Client deposit growth sequential annualized
- 11%
AI analysis
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