ConnectOne Bancorp, Inc. Q2 2026: Revenue $200.8M, EPS $0.8— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.ConnectOne Bancorp reported Q2 2026 results with revenue of $200.8M, up 33.1% YoY, and returned to profitability with net income of $40.2M and diluted EPS of $0.80, compared to a loss in the prior year. Growth was driven by stronger net interest income, expanded margins, and full-quarter inclusion of acquired FLIC operations. The company noted improved funding mix, diversified fee income, and active credit monitoring despite elevated charge-offs in specific loan segments.
ConnectOne Bancorp, Inc. reported second-quarter 2026 results with higher revenue and a return to profitability versus the year‑ago quarter, driven by stronger net interest income, expanded margins and the full-quarter inclusion of recently acquired operations.
Financial Highlights
- Revenue: Total segment income $200.8M for Q2 2026 (includes noninterest income), compared with $150.9M in the year‑ago quarter; YoY change 33.1%.
- Net income: Net income available to common stockholders $40.2M for Q2 2026, versus a loss of $(21.8) M in the year‑ago quarter; YoY change +$62.0M.
- Diluted EPS: $0.80 diluted EPS for Q2 2026, versus $(0.52) diluted EPS in the year‑ago quarter; YoY change $1.32.
Business Highlights
- Revenue growth and margin expansion: Net interest income rose to $113.6M and total interest income to $192.9M for the quarter, supporting quarterly and year‑to‑date revenue gains versus the prior year.
- Merger integration impact: A full quarter and six months of FLIC operations materially increased deposits, loans, fee income and operating scale.
- Deposit and funding mix: Growth in core demand and NOW deposits and higher noninterest‑bearing balances improved the bank’s funding mix and liquidity profile.
- Product and fee momentum: Higher SBA loan sales, increased BOLI income and fee income helped diversify and lift noninterest income.
- Credit and operational focus: Management highlighted active credit monitoring, elevated charge‑offs linked to NYC rent‑regulated multifamily loans, and maintenance of the allowance for credit losses with ongoing portfolio reviews.
Original SEC Filing: ConnectOne Bancorp, Inc. [ CNOB ] - 10-Q - Aug. 04, 2026