ConnectOne Bancorp Q1 Earnings Call Highlights

4 weeks ago 21

MarketBeat

Thu, April 23, 2026 astatine 11:50 AM CDT 9 min read

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ConnectOne reported operating EPS of $0.79 and saw nett involvement borderline grow 12 bps sequentially to 3.39%, maintaining a year-end spot borderline people of 3.50%, portion indebtedness originations contributed astir $300 million of maturation (annualized ~10%).
Credit metrics stay coagulated with non-performing assets astatine 0.29% and criticized/classified loans astatine 2.26%, though 30–59 time delinquencies roseate to 0.81% owed to 1 rent‑stabilized multifamily narration presently being worked out.
The committee approved an 8.3% dividend increase, the institution repurchased 90,000 shares this 4th and plans astir 100,000 repurchases per quarter, with tangible publication worth up to $23.93 and reserves providing much than $80 million of cushion connected rent‑stabilized exposure.
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ConnectOne Bancorp (NASDAQ:CNOB) executives highlighted what they called a “strong momentum” commencement to 2026, pointing to indebtedness growth, nett involvement borderline expansion, improving instrumentality metrics and continued advancement integrating its acquisition of The First of Long Island.

“We footwear disconnected 2026 with beardown momentum, firing connected each cylinders, arsenic demonstrated by our results,” Chairman and CEO Frank Sorrentino said. He added that ConnectOne has “scaled the equilibrium expanse from nether $10 cardinal to astir $15 cardinal assets,” broadened its geographic footprint crossed the New York City metro portion and extended into South Florida.

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Senior Executive Vice President and CFO Bill Burns said the institution reported operating net per stock of $0.79 for the archetypal quarter. Burns besides cited operating pre-provision nett gross (PPNR) arsenic a percent of mean assets of 1.81%, up 3.5% from the anterior 4th and up 35% from a twelvemonth earlier.

A cardinal taxable of management’s remarks was nett involvement borderline improvement. Burns said ConnectOne’s net involvement borderline expanded 12 ground points sequentially to 3.39%, pursuing a 16 ground constituent widening successful the anterior quarter. Burns attributed the summation chiefly to contractual indebtedness repricings and improved deposit costs, and said the 4th “exceeded our archetypal projections.”

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On the equilibrium sheet, Burns said indebtedness originations were beardown and that the indebtedness portfolio grew astatine an annualized complaint of astir 10%, representing astir $300 cardinal successful maturation for the quarter. He said this was “double the gait we saw successful each of the 2 anterior quarters,” with the indebtedness pipeline remaining strong. While absorption anticipates mid-single-digit indebtedness maturation nett of payoffs for the year, Sorrentino said it “could beryllium a small higher, it could beryllium a small lower,” noting payoffs person “come down a small bit,” helping reported growth.

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