ConnectOne Bancorp Reports $29.9M Q3 Net Income Amid Balance Sheet Restructuring

Key Facts

1ConnectOne Bancorp reported net income available to common stockholders of $29.9 million for the third quarter of 2026.

2Net interest margin expanded to 3.44% with total loans and client deposits achieving 11% sequential annualized growth.

3Net income decreased compared to $40.2 million in Q2 2026 due to balance sheet restructuring and repositioning actions.

ConnectOne Bancorp reported net income available to common stockholders of $29.9 million for the third quarter of 2026, GlobeNewswire reported. This result represents a decrease from the $40.2 million recorded in the second quarter of 2026, which the company attributed to balance sheet restructuring and repositioning actions.

Net interest margin expanded to 3.44% during the period, while total loans and client deposits achieved 11% sequential annualized growth. CNOB closed at $30.88 on October 21, 2026, having traded between a low of $30.62 and a high of $31.33 during that session.