Earnings ·
Reports Q3 net loss of $29.9M on $23M restructuring charge; declares $0.195 common dividend
CNOBConnectOne Bancorp, Inc.
ConnectOne Bancorp reported a third-quarter 2026 net income available to common stockholders of $29.9 million, or $0.59 diluted EPS, compared with $40.2 million in the prior quarter. The decline was primarily driven by a $23.0 million pretax loss on loans held-for-sale related to a balance sheet restructuring agreement to sell up to approximately $750 million in multifamily loans. Excluding this charge, operating net income rose to $47.9 million and operating diluted EPS reached $0.95. The company also announced the declaration of a quarterly cash dividend of $0.195 per common share, payable December 1, 2026, to shareholders of record on November 13, 2026. ConnectOne Bancorp operates as a financial services holding company through its subsidiary, ConnectOne Bank.