CNOB

Independent Bank Corp. (INDB) came out with quarterly earnings of $1.7 per share, missing the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.96%. A quarter ago, it was expected that this holding company for Rockland Trust would post earnings of $1.7 per share when it actually produced earnings of $1.68, delivering a surprise of -1.18%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Independent Bank Corp., which belongs to the Zacks Banks - Northeast industry, posted revenues of $253.32 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.71%. This compares to year-ago revenues of $181.8 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Independent Bank Corp. shares have added about 16.6% since the beginning of the year versus the S&P 500's gain of 10.6%. While Independent Bank Corp. has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Independent Bank Corp. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future...

ENGLEWOOD CLIFFS, N.J., July 09, 2026 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today announced that it plans to release results for the second quarter ended June 30, 2026, before the market opens on Thursday, July 23, 2026. Management will also host a conference call and audio webcast at 10:00 a.m. ET on July 23, 2026, to review the Company's financial performance and operating results. Chairman and Chief Executive Officer Frank Sorrentino III and Senior Executive Vice President and Chief Financial Officer William S. Burns will host the call. The conference call dial-in number is 1 (585) 542-9983, meeting ID: 646 211 267. Please dial in at least five minutes before the start of the call to register. An audio webcast of the conference call will be available to the public, on a listen-only basis, via the "Investor Relations" link on the Company's website https://www.ConnectOneBank.com or at http://ir.connectonebank.com. An online archive of the webcast will be available following the completion of the conference call at https://www.ConnectOneBank.com or at http://ir.connectonebank.com. About ConnectOne Bancorp, Inc.ConnectOne Bancorp, Inc., is a modern financial services company that operates, through its subsidiary, ConnectOne Bank, and the Bank’s fintech subsidiary, BoeFly, Inc. ConnectOne Bank is a high-performing commercial bank offering a full suite of banking & lending products and services that focus on small to middle-market businesses. BoeFly, Inc. is a fintech marketplace that connects borrowers in the franchise space with funding solutions through a network of partner banks. ConnectOne Bancorp, Inc. is traded on the Nasdaq Global Market under the trading symbol "CNOB," and information about ConnectOne may be found at https://www.connectonebank.com. Investor Contact: William S. BurnsSenior Executive VP & CFO201.816.4474; [email protected] Media Contact: Shannan Weeks MikeWorldWide732.299.7890; [email protected]

ConnectOne reported operating EPS of $0.79 and saw net interest margin expand 12 bps sequentially to 3.39%, maintaining a year-end spot margin target of 3.50%, while loan originations contributed roughly $300 million of growth (annualized ~10%). Credit metrics remain solid with non-performing assets at 0.29% and criticized/classified loans at 2.26%, although 30–59 day delinquencies rose to 0.81% due to one rent‑stabilized multifamily relationship currently being worked out. The board approved an 8.3% dividend increase, the company repurchased 90,000 shares this quarter and plans about 100,000 repurchases per quarter, with tangible book value up to $23.93 and reserves providing more than $80 million of cushion on rent‑stabilized exposure. Interested in ConnectOne Bancorp, Inc.? Here are five stocks we like better. The 5 top-rated dividend stocks by analysts ConnectOne Bancorp (NASDAQ:CNOB) executives highlighted what they called a “strong momentum” start to 2026, pointing to loan growth, net interest margin expansion, improving return metrics and continued progress integrating its acquisition of The First of Long Island. “We kick off 2026 with strong momentum, firing on all cylinders, as demonstrated by our results,” Chairman and CEO Frank Sorrentino said. He added that ConnectOne has “scaled the balance sheet from under $10 billion to nearly $15 billion assets,” broadened its geographic footprint across the New York City metro region and extended into South Florida. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting Senior Executive Vice President and CFO Bill Burns said the company reported operating earnings per share of $0.79 for the first quarter. Burns also cited operating pre-provision net revenue (PPNR) as a percentage of average assets of 1.81%, up 3.5% from the prior quarter and up 35% from a year earlier. A central theme of management’s remarks was net interest margin improvement. Burns said ConnectOne’s net interest margin expanded 12 basis points sequentially to 3.39%, following a 16 basis point widening in the prior quarter. Burns attributed the increase primarily to contractual loan repricings and improved deposit costs, and said the quarter “exceeded our initial projections.” → Allbirds Exits Shoes, Pivots to AI With NewBird Rebrand On the balance sheet, Burns said loan originations were strong and that the loan portfolio grew a...

Management attributed strong Q1 performance to the successful integration of the First of Long Island merger, which scaled the balance sheet to nearly $15 billion and diversified the client base. Net interest margin expansion was driven by contractual loan repricings and improved deposit costs, exceeding initial internal projections. The bank is transitioning to a 'tech-forward' model, integrating AI across the organization to optimize systems and enhance scalability while maintaining a relationship-focused approach. Loan growth of 10% annualized was supported by a reduction in cash and investment securities as the bank prioritized funding higher-yielding originations. Credit quality remains a primary focus; while delinquencies rose due to a single isolated relationship, management emphasized that criticized and classified assets remain at historically low levels. The geographic strategy now spans the entire New York City metro region with a measured expansion into the South Florida market, which management views as a natural extension of its core footprint. Management maintained a year-end spot net interest margin target of 3.50%, assuming a conservative scenario of fewer rate cuts and a competitive deposit environment. Loan portfolio growth is anticipated to settle into the mid-single digits for the remainder of 2026 as payoff activity potentially stabilizes. Operating expenses are targeted to grow at a disciplined rate of 1.5% per quarter as the bank continues to realize merger synergies. The bank expects to continue opportunistic share repurchases, with over 500,000 shares remaining in the current authorization, balanced against asset growth requirements. Margin widening is expected to be primarily supported by the repricing of approximately $100 million in fixed-rate loans per month. A 12% total value cushion, consisting of $80 million in reserves and purchase accounting marks, has been established to offset exposure to the New York City rent-stabilized portfolio. Delinquencies increased to 0.81% due to one specific client relationship collateralized by 19 rent-stabilized properties, which is currently undergoing a workout process. The rent-stabilized portfolio was reduced to $675 million from $750 million at merger close through proactive paydowns and loan sales. Purchase accounting interest accretion contributed $9.3 million to the quarter, with a pro...

This article first appeared on GuruFocus. Operating Earnings Per Share: $0.79 for the first quarter. Net Interest Margin: Expanded by 12 basis points sequentially to 3.39%. Loan Growth: Portfolio grew by an annualized rate of approximately 10%, equating to $300 million for the quarter. Non-Performing Assets: Declined to 0.29% of total assets. Provision for Loan Losses: $5.2 million for the first quarter. Non-Interest Expenses: $55.7 million for the quarter, excluding merger and restructuring charges. Non-Interest Income: $6.8 million for the quarter. Tangible Book Value Per Share: Increased by 1.7% to $2,393. Common Dividend Increase: 8.3% increase declared by the Board. Share Repurchase: 90,000 shares repurchased at $26.21 per share. Warning! GuruFocus has detected 5 Warning Signs with CNOB. High Yield Dividend Stocks in Gurus' Portfolio This Powerful Chart Made Peter Lynch 29% A Year For 13 Years How to calculate the intrinsic value of a stock? Is CNOB fairly valued? Test your thesis with our free DCF calculator. Release Date: April 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. ConnectOne Bancorp Inc (NASDAQ:CNOB) reported strong loan growth with an annualized rate of approximately 10%, doubling the pace of the previous two quarters. The company achieved a significant widening of its net interest margin, expanding by 12 basis points sequentially to 3.39%. ConnectOne Bancorp Inc (NASDAQ:CNOB) increased its tangible book value per share by 1.7%, bringing it close to pre-merger levels. The company declared an 8.3% increase in its common dividend, reflecting confidence in its capital generation and forward margin outlook. ConnectOne Bancorp Inc (NASDAQ:CNOB) successfully integrated its largest merger, expanding its geographic footprint and market capitalization. Delinquencies increased due to an isolated client relationship collateralized by 19 multifamily New York City rent-stabilized properties. The company experienced an uptick in past due loans within its rent-regulated portfolio, which remains a challenging area. ConnectOne Bancorp Inc (NASDAQ:CNOB) had to record significant reserves against its rent-stabilized portfolio, reflecting ongoing market challenges. The competitive landscape for deposit costs remains challenging, impacting the company's ability to maintain favorable margins. Despite...

Fulton Financial (FULT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +10.00%. A quarter ago, it was expected that this financial holding company would post earnings of $0.52 per share when it actually produced earnings of $0.55, delivering a surprise of +5.77%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Fulton Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $336.17 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.32%. This compares to year-ago revenues of $322.76 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Fulton Financial shares have added about 13.1% since the beginning of the year versus the S&P 500's gain of 3.2%. While Fulton Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Fulton Financial was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of...

ConnectOne Bancorp (CNOB) reported Q1 operating earnings Thursday of $0.79 per diluted share, up fro

For the quarter ended March 2026, ConnectOne Bancorp (CNOB) reported revenue of $115.6 million, up 64.7% over the same period last year. EPS came in at $0.79, compared to $0.51 in the year-ago quarter. The reported revenue represents a surprise of -0.53% over the Zacks Consensus Estimate of $116.22 million. With the consensus EPS estimate being $0.73, the EPS surprise was +8.71%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how ConnectOne performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio (non-GAAP): 45.4% versus the three-analyst average estimate of 49.2%. Average Balance - Total interest-earning assets: $13.16 billion versus $13.25 billion estimated by three analysts on average. Net Interest Margin (GAAP): 3.4% versus 3.3% estimated by three analysts on average. Nonaccrual loans: $41.58 million versus $45.96 million estimated by two analysts on average. Net loan charge-offs as a % of average loans receivable (annualized): 0.1% versus the two-analyst average estimate of 0.2%. Total Noninterest Income: $6.8 million versus $7.21 million estimated by three analysts on average. Net gains on sale of loans held-for-sale: $0.43 million compared to the $0.93 million average estimate based on three analysts. Income on bank owned life insurance: $2.95 million versus the two-analyst average estimate of $2.48 million. Net Interest Income (tax equivalent basis): $109.98 million versus $108.48 million estimated by two analysts on average. Deposit, loan and other income: $3.28 million compared to the $3.66 million average estimate based on two analysts. View all Key Company Metrics for ConnectOne here>>> Shares of ConnectOne have returned +6.6% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the...

NET INTEREST MARGIN WIDENS BY 12 BASIS POINTS; TREND CONFIRMED 10% ANNUALIZED LOAN GROWTH OPERATING PERFORMANCE ACCELERATES TANGIBLE BOOK VALUE PER SHARE INCREASES 8.3% INCREASE IN COMMON DIVIDEND PER SHARE DECLARED ENGLEWOOD CLIFFS, N.J., April 23, 2026 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today reported net income available to common stockholders of $36.3 million for the first quarter of 2026 compared with $38.0 million for the fourth quarter of 2025 and $18.7 million for the first quarter of 2025. Diluted earnings per share were $0.72 for the first quarter of 2026 compared with $0.75 for the fourth quarter of 2025 and $0.49 for the first quarter of 2025. Return on average assets was 1.10%, 1.12% and 0.84% for the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively. Return on average tangible common equity was 12.89%, 13.66% and 8.25% for the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively. Pre-provision net operating revenue ("Operating PPNR") as a percentage of average assets was 1.81%, 1.75% and 1.34% for the quarters ending March 31, 2026, December 31, 2025 and March 31, 2025, respectively. The sequential increase in Operating PPNR was primarily due to a $2.2 million increase in net interest income, partially offset by a $0.9 million increase in operating expenses. Operating net income available to common stockholders was $39.6 million for the first quarter of 2026, $42.0 million for the fourth quarter of 2025 and $19.7 million for the first quarter of 2025. Operating diluted earnings per share were $0.79 for the first quarter of 2026, $0.83 for the fourth quarter of 2025 and $0.51 for the first quarter of 2025. Operating return on average assets was 1.19%, 1.24% and 0.88% for the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively. Operating return on average tangible common equity was 13.35%, 14.27% and 8.59% for the three months ended March 31, 2026, December 31, 2025 and March 31, 2025, respectively. See supplemental tables for a complete reconciliation of GAAP earnings to operating earnings, and other non-GAAP measures. The decrease in net income available to common stockholders during the first quarter of 2026 when compared to the fourth qu...

ConnectOne Bancorp (CNOB) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +8.71%. A quarter ago, it was expected that this holding company for ConnectOne Bank would post earnings of $0.74 per share when it actually produced earnings of $0.83, delivering a surprise of +12.16%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. ConnectOne, which belongs to the Zacks Banks - Northeast industry, posted revenues of $115.6 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.53%. This compares to year-ago revenues of $70.21 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. ConnectOne shares have added about 6.8% since the beginning of the year versus the S&P 500's gain of 4.3%. While ConnectOne has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for ConnectOne was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Z...

Image source: The Motley Fool. Thursday, April 23, 2026 at 10 a.m. ET Chairman & Chief Executive Officer — Frank Sorrentino Chief Financial Officer — William Burns Frank Sorrentino: Thank you, Siya, and good morning, everyone. We kick off 2026 with strong momentum, firing on all cylinders as demonstrated by our results. Twelve months ago, we detailed our strategic objectives heading into the largest merger in our company’s history. I am pleased to report that we are not only delivering on those goals, we are exceeding initial expectations. Today, our franchise is stronger and better balanced. We diversified our client base and revenue streams, materially improved our deposit mix, including core and noninterest-bearing deposits, and diversified our loan portfolio. We scaled the balance sheet from under $10 billion to nearly $15 billion in assets, increased our market capitalization to over $1.4 billion, and built a valuable franchise, accelerating our presence across Long Island. Our geographic footprint now spans the entire New York City Metro Region and naturally extends to the growing South Florida market. We are positioned for a very strong start to 2026, and we are confident that momentum will continue for the year ahead. Turning quickly to our first quarter performance, we delivered loan growth, margin expansion, accelerating return metrics, and increased tangible book value per share. Reflecting our success and confidence in future performance, we opportunistically repurchased shares in the first quarter and increased our common dividend. William will provide more details regarding our financial performance this quarter and our continued confidence in further margin expansion for 2026. On the expense side, we remain highly disciplined as we continue to realize merger synergies and steadily return to best-in-class efficiency levels. To ensure we continue to operate as a top-tier efficient bank, this discipline is being further enhanced by our focus on optimizing all systems, products, and services, along with the thoughtful integration of AI across the organization. Taken together, these initiatives will drive continued improvement in our expense metrics going forward while also enhancing scalability as we continue to grow. Our first quarter credit quality remained solid. Net charge-offs declined to a recent low. Our nonaccrual loan ratio also decreased...

ENGLEWOOD CLIFFS, N.J. (AP) — ENGLEWOOD CLIFFS, N.J. (AP) — ConnectOne Bancorp Inc. (CNOB) on Thursday reported first-quarter profit of $37.8 million. The bank, based in Englewood Cliffs, New Jersey, said it had earnings of 72 cents per share. Earnings, adjusted for one-time gains and costs, were 79 cents per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. The holding company for ConnectOne Bank posted revenue of $191.2 million in the period. Its revenue net of interest expense was $115.6 million, which fell short of Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNOB at https://www.zacks.com/ap/CNOB