AI-extracted from the 10-Q filed 2026-08-04 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income of $40.2M (diluted EPS $0.80) driven by 44% YoY net interest income growth to $113.6M and FLIC merger integration.
Biggest Revenue Drivers
Interest and fees on loans$176.3M+33.2% YoY
Full quarter of combined FLIC operations versus one month in prior year; higher loan volumes.
Interest and dividends on investment securities$13.8M+42.3% YoY
Increased average securities balance from FLIC acquisition.
Biggest Revenue Drivers
Total revenue: $192.9M+32.1% YoY
Interest and fees on loans$176.3M+33.2% YoY
Full quarter of combined FLIC operations versus one month in prior year; higher loan volumes.
Interest and dividends on investment securities$13.8M+42.3% YoY
Increased average securities balance from FLIC acquisition.
Largest Expense Items
Information technology and communications$5.4M+12.5% YoY
FLIC technology costs for full quarter versus one month in prior year.
Margins: Net interest margin expanded 36 basis points YoY to 3.42%, benefiting from 16 basis-point yield increase on earning assets and 32 basis-point deposit cost reduction. FLIC merger contributed full quarter of higher-yielding portfolio and lower funding costs.
Watch Items from the Filing
Nonaccrual loans increased to $79.7M (0.67% of total loans) from $45.9M, driven by $29.9M in New York City rent-stabilized multifamily loans facing 2019 rent law headwinds and proposed policy changes.
Purchased credit-deteriorated loans total $193.4M, with $146.3M in rent-regulated NYC multifamily properties subject to regulatory constraints and expense pressures.
Net charge-offs of $21.0M in Q2 2026 versus $4.9M in Q2 2025, including $13.8M charge-off on NYC rent-stabilized multifamily pool.
Uninsured deposits represent 44% of total deposits ($5.2B of $11.7B); brokered CDs and reciprocal deposits provide liquidity but carry higher rate sensitivity.
Committed $50M renewable energy tax equity investment with anticipated full-year tax credits incorporated into 28% effective tax rate estimate; no capital calls or tax benefits recognized as of June 30.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Boswell Stephen T.DirectorGrant or award · Jun 1, 2026
Haye Edward J.DirectorGrant or award · Jun 1, 2026
Minoia NicholasDirectorGrant or award · Jun 1, 2026
O'Donnell Susan CDirectorGrant or award · Jun 1, 2026
Rifkin Daniel EDirectorGrant or award · Jun 1, 2026
Quick PeterDirectorGrant or award · Jun 1, 2026
Nukk-Freeman KatherinDirectorGrant or award · Jun 1, 2026
Becker ChristopherDirectorGrant or award · Jun 1, 2026
About ConnectOne Bancorp, Inc. (CNOB): stock profile, AI score and financials
ConnectOne Bancorp, Inc. (CNOB) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores CNOB at 65.4/100 on a composite quality score built from its SEC filings, placing it at rank #479 of 2,925 stocks — the top 25% of the AI-ranked universe. CNOB scores in the top quartile across profitability (94.5), revenue growth (89.8), free cash flow (81.1). Areas of concern include institutional flow (5.3) and earnings quality (24.7), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), ConnectOne Bancorp, Inc. reports quarterly revenue of $121.6M, net income of $41.7M, an operating margin of 47.6%. Top institutional holders of CNOB by reported 13-F value include BlackRock, DIMENSIONAL FUND ADVISORS, WELLINGTON MANAGEMENT GROUP LLP, based on the most recent SEC filings. CNOB trades on the Nasdaq exchange and files with the SEC under CIK 712771. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CNOB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ConnectOne Bancorp, Inc. directly from SEC EDGAR.