---
title: "ConnectOne Reports Q2 2026: Net Income $40.2M, NIM 3.42%, Tangible BV $24.66"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293608410.md"
description: "ConnectOne Bancorp reported Q2 2026 net income of $40.2 million, up from Q1 and a loss in Q2 2025. Diluted EPS was $0.80, with operating EPS at $0.84. Net interest margin expanded to 3.42%. Tangible book value per share rose to $24.66. The board declared dividends, and the company noted sequential loan and deposit growth alongside improved efficiency ratios."
datetime: "2026-07-23T11:33:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293608410.md)
  - [en](https://longbridge.com/en/news/293608410.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293608410.md)
generator: "portal-rs"
---

# ConnectOne Reports Q2 2026: Net Income $40.2M, NIM 3.42%, Tangible BV $24.66

ConnectOne reported second-quarter 2026 net income available to common stockholders of $40.2 million (diluted EPS $0.80), up from $36.3 million in Q1 2026 and a loss in Q2 2025. The company highlighted sequential improvement driven by a $4.8 million increase in net interest income and NIM expansion to 3.42%, with operating diluted EPS of $0.84. Tangible book value per share rose to $24.66 and the board declared cash dividends on common and preferred shares payable September 1, 2026.

**Financial Highlights**

-   Net income available to common stockholders: $40.2 million for Q2 2026 (Diluted EPS $0.80).
-   Operating net income available to common stockholders (non-GAAP): $42.2 million; operating diluted EPS $0.84 for Q2 2026.
-   Net interest margin (tax-equivalent): 3.42% for Q2 2026; fully taxable equivalent net interest income $114.8 million.
-   Provision for credit losses: $8.3 million in Q2 2026 (compared with $5.2 million in Q1 2026 and $35.7 million in Q2 2025).
-   Tangible book value per share: $24.66 as of June 30, 2026; tangible common equity ratio 8.78%.

**Business Highlights**

-   Sequential loan growth: loans receivable increased to $11.9 billion as of June 30, 2026, reflecting continued organic growth and prior merger activity.
-   Core deposit growth: total deposits rose to $11.74 billion as of June 30, 2026, with noninterest-bearing deposits at $2.513 billion.
-   Operating efficiency improved: operating efficiency ratio (non-GAAP) of 42.7% in Q2 2026, reflecting lower operating expenses sequentially.
-   Asset quality actions: $13.8 million charge-off related to a group of NYC rent-stabilized multifamily loans, with $20.0 million of that group brought current during the quarter; nonperforming assets increased to $79.7 million.
-   Capital and shareholder actions: $50.0 million commitment to a renewable energy tax credit fund and a share repurchase program with 551,118 shares remaining authorized; common dividend of $0.195 per share declared.

Original SEC Filing: ConnectOne Bancorp, Inc. \[ CNOB \] - 8-K - Jul. 23, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [CNOB.US](https://longbridge.com/en/quote/CNOB.US.md)
- [CNOBP.US](https://longbridge.com/en/quote/CNOBP.US.md)

## Related News & Research

- [Essex Property Trust declares Q3 2026 dividend of R$ 0.89 per unit](https://longbridge.com/en/news/298322539.md)
- [GVS reschedules investor call on 2026-2028 business plan](https://longbridge.com/en/news/298060007.md)
- [HF Sinclair announces Q3 2026 dividend of R$ 1.81 per unit](https://longbridge.com/en/news/298317474.md)
- [Vulcan Materials announces R$ 0.03-per-unit dividend for Q3 2026](https://longbridge.com/en/news/298318087.md)
- [Cummins announces Q3 2026 dividend of R$ 0.14 per unit for BRC1MIBDR009](https://longbridge.com/en/news/298325727.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**