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About

ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the United States.

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	290.9K	$7.8M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

📊 MIXED ConnectOne Bancorp reports Q1 2026 EPS of $0.79, margin expansion to 3.39%, loan growth 10% annualized.

Revenue & Profitability

Operating earnings per share were $0.79 for Q1 2026. Operating PPNR as a percentage of average assets was 1.81%, up 3.5% from last quarter and 35% year-over-year. Net interest margin expanded 12 basis points sequentially to 3.39%. Loan growth was $300 million (annualized ~10%). Provision for loan losses was $5.2 million. Net charge-offs on non-PCD loans were 8 basis points annualized. Non-interest income was $6.8 million, including $400,000 in SBA gains (plus $1.1 million booked in April). The board declared an 8.3% increase in the common dividend.

Outlook

Management is confident in momentum for 2026 despite headline economic uncertainties and volatility. They expect continued margin expansion, mid-single-digit loan growth, and disciplined expense management. Deposit costs are expected to remain competitive but flat for the year. The probability of further rate cuts is lower, but loan repricing will drive margin improvement. The bank sees opportunities in its core markets and South Florida.

Growth Drivers

Key growth levers include robust loan pipeline ($635 million), strong loan originations (doubled prior pace), and accelerating SBA loan sales via BoeFly (already ahead of 2026 target with $1.1 million in gains in April). Geographic expansion in South Florida (including new Orlando LPO) and diversification into C&I and owner-occupied lending support growth. The company also benefits from client acquisition from disaffected customers of merging banks.

Balance Sheet & CapEx

Not discussed in detail during the call, but management noted ongoing investments in AI integration and optimization of systems, products, and services to drive efficiency and scalability. No specific CapEx figures were provided.

Margins

Net interest margin expanded 12 basis points sequentially to 3.39% and is expected to reach a year-end spot margin of 3.50%. Margin expansion is driven by contractual loan repricings and improved deposit costs, without relying on further rate cuts. Operating expenses are well-controlled; non-interest expenses were $55.7 million (ex merger charges) and are targeted to grow at 1.5% per quarter. The bank is focused on achieving best-in-class efficiency through merger synergies and AI-driven optimization.

Key Risks

Key risks include the rent-stabilized multifamily portfolio (total $675 million, with $413 million from the First of Long Island acquisition). An isolated client relationship caused a rise in 30-59 day delinquencies to 0.81%. Macroeconomic uncertainties and potential changes in rent regulation laws could impact this portfolio. However, the bank has significant reserves (12% total offset on the rent-stabilized book). Also, a lower probability of rate cuts may affect interest rate assumptions, but margin guidance already factors this in.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-23

Q2 2026 saw accelerating operating performance with strong net income, margin expansion, and disciplined expense control. Credit quality was impacted by a single multifamily relationship, but overall asset quality remains solid. Organic growth and capital flexibility are prioritized for the remainder of 2026.

Q1 2026 Q1 2026 2026-04-23

Q1 2026 saw robust loan growth, margin expansion, and improved credit metrics, with strong capital and disciplined expense management. The company increased its dividend, continued share repurchases, and expects further margin expansion and steady loan growth for the year.

Q4 2025 Q4 2025 2026-01-29

Delivered strong Q4 and full-year results with robust earnings growth, improved margins, and asset quality. Guidance calls for continued margin expansion, moderate loan growth, and further operational efficiencies, supported by a strong capital position and disciplined M&A approach.

Q3 2025 Q3 2025 2025-10-30

Merger integration completed, driving strong loan and deposit growth, margin expansion, and improved profitability. Non-recurring gains boosted income, while credit quality and capital ratios remain robust. Outlook for 2026 includes higher margins, loan growth, and potential share repurchases.

Q2 2025 Q2 2025 2025-07-29

Completed a major merger, boosting assets to $14B and improving deposit and loan metrics. Strong deposit growth, improved credit quality, and cost synergies position the company for further margin expansion and single-digit loan growth in the second half of 2025.

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