ConnectOne Bancorp Q2 FY26 net income rises 10.7% to $41.67 million quarter-on-quarter

Reuters2026/07/23 11:09

By:Reuters

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

ConnectOne Bancorp posted Q2 2026 net income available to common stockholders of $40.2 million, swinging from a $21.8 million loss a year earlier.
Diluted EPS was $0.80; net interest margin widened to 3.42% from 3.39% in Q1.
Fully taxable equivalent net interest income rose 4.4% sequentially to $114.8 million, driven by loan repricing and higher average interest-earning assets.
Provision for credit losses increased to $8.3 million from $5.2 million in Q1 on a $13.8 million charge-off tied to NYC rent-stabilized multifamily loans.
CEO Frank Sorrentino highlighted annualized sequential loan growth of about 5% and core deposit growth of about 8%, citing planned tech-driven productivity gains.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ConnectOne Bancorp Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607230700PRIMZONEFULLFEED9766852) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

ConnectOne Bancorp Q2 FY26 net income rises 10.7% to $41.67 million quarter-on-quarter

You may also like

Crypto prices