Connectone Bancorp Stock Earnings Reports

ConnectOne reported a strong start to 2026 driven by merger-driven scale, diversified revenue and deposit mix, and accelerating loan growth. Total assets have grown from under $10 billion to nearly $15 billion, market cap is >$1.4 billion, and the geographic footprint now covers the NYC metro and South Florida. Q1 highlights include: operating EPS of $0.79; operating PPNR/avg assets of 1.81%; sequential NIM expansion of 12 bps to 3.39% (building on prior quarter); ~10% annualized loan growth for the quarter (about $300 million); loan pipeline of roughly $625–635 million; disciplined expense control and realized merger synergies (noninterest expense of $55.7M excluding merger/restructuring charges); tangible book value per share of $23.93 and improving capital ratios; an 8.3% increase in the common dividend and $2.36M (90k shares) repurchased in the quarter with ~500k remaining authorization. Asset quality remains healthy overall: total NPAs 0.29% of assets, criticized/classified loans 2.26% of loans, and net charge-offs low (8 bps annualized on non-PCD). Management disclosed an isolated delinquencies issue tied to a rent-stabilized multifamily relationship and emphasized significant reserves and purchase-accounting marks against the rent-stabilized exposure — approximately a 12% aggregate offset (over $80M of cushions) on that portfolio. Outlook: management expects continued margin expansion driven primarily by loan repricing (year-end spot NIM target ~3.50%), mid-single-digit portfolio growth net of payoffs (with potential upside), continued measured expansion in Florida, opportunistic buybacks and modest dividend growth, ongoing expense efficiency improvements (including AI adoption), and cautious optimism on credit given elevated reserves in specific multifamily exposures.