ConnectOne Bancorp (CNOB)
NASDAQ:CNOB
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.82Last Year’s EPS
-0.52Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a majority of positive operational and financial developments: accelerated loan growth, sequential NIM expansion, improved operating profitability, strong credit metrics overall, disciplined expense management, and strengthened capital with shareholder-friendly actions (dividend increase and repurchases). Headwinds were concentrated and described as isolated—centered on an uptick in delinquencies tied to one rent-stabilized multifamily relationship, higher reserves and a modest provision, and the need to fund rapid loan growth through reduced securities/cash and some wholesale deposits amid a competitive deposit environment. Management emphasized active remediation, elevated reserves/purchase-accounting marks that provide a cushion, and confidence in continued margin and capital improvement.Company Guidance
Scale and Franchise Expansion
Scaled balance sheet from under $10 billion to nearly $15 billion in assets post-merger; market capitalization increased to over $1.4 billion; expanded geographic footprint across the New York City Metro Region and into South Florida.
Strong Loan Growth
Portfolio grew at an annualized rate of approximately 10%, with $300 million of loan growth in the quarter (double the pace of each of the two prior quarters); pipeline remains strong and management expects portfolio growth net of payoffs in the mid-single digits.
Margin Expansion
Net interest margin widened 12 basis points sequentially to 3.39% (following a prior quarter 16 bp widening); management maintains year-end spot margin guidance of ~3.50%.
Operating Performance and Profitability
Reported operating earnings per share of $0.79; operating PPNR as a percentage of average assets was 1.81%, up 3.5% from last quarter and up 35% year-over-year.
Strong Credit Metrics (Broad Portfolio)
Total nonperforming assets declined to 0.29% of total assets; criticized and classified loans dropped to 2.26% of total loans; net charge-offs on the non-PCD portfolio were low at 0.08% annualized.
Reserves and Rent-Stabilized Portfolio Actions
Rent-stabilized portfolio reduced to $675 million (from $750 million at merger close); $413 million (61%) from acquisition was marked down with $66 million of purchase accounting reserves/adjustments and the ConnectOne-originated $263 million has an elevated $15 million reserve; combined purchase marks and reserves provide a ~12% offset to aggregate rent-stabilized exposure (> $80 million cushion).
Capital, TBV and Shareholder Returns
Tangible book value per share increased 1.7% to $23.93 (approaching pre-merger $24.16); tangible common equity ratio 8.64%; bank leverage ratio 10.81%; Board increased common dividend by 8.3% and repurchased 90,000 shares in the quarter (at $26.21) with ~500,000 shares remaining in authorization.
Controlled Expenses and Noninterest Income Momentum
Excluding merger/restructuring charges, noninterest expenses were $55.7 million for the quarter with a targeted ~1.5% sequential growth per quarter; noninterest income $6.8 million and SBA gains accelerating (approx. $0.4M in quarter + $1.1M in April), ahead of 2026 targets with contribution from BoeFly.
CNOB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CNOB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $28.01 | $28.93 | +3.28% |
Jan 29, 2026 | $27.67 | $27.43 | -0.86% |
Oct 30, 2025 | $23.54 | $23.58 | +0.17% |
Jul 29, 2025 | $24.00 | $22.98 | -4.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does ConnectOne Bancorp (CNOB) report earnings?
ConnectOne Bancorp (CNOB) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is ConnectOne Bancorp (CNOB) earnings time?
ConnectOne Bancorp (CNOB) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNOB EPS forecast?
CNOB EPS forecast for the fiscal quarter 2026 (Q2) is 0.82.