ConnectOne Bancorp, Inc. — Form 8-K
Filed July 23, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
ConnectOne Bancorp reported Q2 2026 net income of $40.2M ($0.80 diluted EPS) vs. Q1 2026 $36.3M ($0.72 EPS) and Q2 2025 loss of $(21.8)M ($(0.52) EPS). Key metrics: sequential 5% annualized loan growth to $11.9B; 8% annualized core deposit growth to $11.7B; net interest margin expanded 3bps to 3.42% (7 consecutive quarters of expansion); tangible book value per share increased to $24.66 from $23.52 (Dec 2025); common dividend declared $0.195/share; preferred dividend $0.328125/depositary share. A $13.8M charge-off on NYC rent-stabilized multifamily loans drove higher provision ($8.3M vs. $5.2M Q1), but credit quality otherwise stable.
Why this rating
Strong operating momentum and margin expansion across a $1.1B company, but meaningful asset-quality deterioration in NYC multifamily portfolio partly offsets gains. Sequential growth and profitability trends positive; year-over-year comparisons flattered by merger (FLIC, 2025). Modest dividend increase and modest buyback activity. Not transformational but solid execution in normalized quarter.
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