Connectone Bancorp

Q3 FY2026 EarningsQ3 FY26 operating results outperformed consensus, while GAAP metrics were heavily impacted by a strategic $23.0M pre-tax restructuring charge. Operating diluted EPS of $0.95 beat the $0.854 mean estimate by 11.2%, driven by a widening NIM of 3.44% vs. 3.11% YoY and strong 11% annualized loan and deposit growth. The balance sheet repositioning, involving the sale of $750M in multifamily loans, significantly improved the CRE concentration ratio from 439% to 397% pro-forma, enhancing future liquidity despite the immediate GAAP earnings hit.