ConnectOne Bancorp, Inc. Reports Second Quarter 2026 Results
ConnectOne Bancorp reported Q2 net income of $40.2 million, or $0.80 per share, rebounding from a loss in the prior year quarter driven by the FLIC merger. Net interest margin expanded to 3.42% on higher loan yields, while tangible book value per share rose to $24.66.
Key figures
- Eps
- 0.8
- Revenue
- 113639000
- Guidance
- Projected full-year 2026 effective tax rate of approximately 28%
- Net interest income
- 113639000
- Net interest margin
- 3.42%
- Nonperforming assets
- 79664000
- Return on average assets
- 1.17%
- Common dividend per share
- 0.195
- Operating efficiency ratio
- 42.7%
- Provision for credit losses
- 8300000
- Tangible book value per share
- 24.66
- Return on average tangible common equity
- 13.79%
AI analysis
Red flags2 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.