Q2 2026 ConnectOne Bancorp Inc Earnings Call Transcript

Jul 23, 2026 / 02:00 PM GMT

Release Date Price: $31.4 (-4.85%)

Transcript 8-K

Key Points

Positve

ConnectOne Bancorp Inc (CNOB) reported strong revenue and earnings growth, with net income available to common shareholders increasing by over 10% sequentially.
The company achieved a net interest margin expansion for the seventh consecutive quarter, reaching 3.42%, driven by the repricing of adjustable-rate loans.
Loan growth was robust, with sequential annualized growth of approximately 5%, contributing to strong net interest income.
Non-interest income increased due to higher SBA loan sale gains, with expectations for continued growth in the second half of the year.
The efficiency ratio improved significantly to 42.7% from 45.4% last quarter, reflecting disciplined expense management and merger synergies.

Negative

ConnectOne Bancorp Inc (CNOB) faced challenges with a significant rent-stabilized loan relationship, resulting in a $13.8 million charge-off.
Non-performing assets rose to 0.55% of total assets from 0.29% last quarter, primarily due to the rent-stabilized loan issue.
Deposit costs have begun to rise, potentially offsetting improvements from loan repricing.
The company is exploring a potential bulk sale of rent-stabilized loans, indicating ongoing concerns in this segment.
The tangible common equity ratio, while improved, still requires careful management to support future growth and shareholder returns.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CNOB.OQ - ConnectOne Bancorp Inc
Q2 2026 ConnectOne Bancorp Inc Earnings Call
Jul 23, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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And welcome to the ConnectO Bangor Inc.

Call.

After today's prepared remarks, we will host a question-and-answer session.

If you would like to ask a question, please press star 1 to raise your hand.

To withdraw your question, press star 1 again.

I will now hand the conference over to Sia Vansia, Chief Brand and Innovation Officer.

Sia, please go ahead.

Good morning and welcome to today's conference call to review ConnectO's results for the second quarter of 2026 and to update you on recent developments.

On today's conference call will be Frank Sorrentino, Chairman and Chief Executive Officer, and Bill Burns, senior executive Vice President and Chief

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