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AI brief of an SEC Form 8-K · ConnectOne Bancorp, Inc. (CNOB)

ConnectOne Bancorp Q3 net income falls to $29.9 million on $23.0 million loan sale charge

Mixed Impact 4 of 5 earnings Written later

ConnectOne Bancorp reported third-quarter 2026 GAAP net income available to common stockholders of $29.9 million, or $0.59 per diluted share, down from $40.2 million in the second quarter and $39.5 million a year earlier, after a $23.0 million pretax loss on a loan pool moved to held-for-sale. Excluding that charge and other non-operating items, operating diluted EPS was $0.95, up from $0.70 a year earlier. The company also agreed to sell up to about $750 million of multifamily loans to a single buyer, with closing expected in late October 2026.

Key points

  • GAAP diluted EPS was $0.59 for Q3 2026, versus $0.80 in Q2 2026 and $0.78 in Q3 2025.
  • Operating diluted EPS was $0.95 for Q3 2026, versus $0.70 in Q3 2025, excluding the $23.0 million pretax restructuring charge.
  • Agreement to sell a pool of up to about $750 million in multifamily loans, expected to close in late October 2026.
  • Net interest margin widened to 3.44% from 3.11% a year earlier; quarterly common dividend of $0.195 per share payable December 1, 2026.

The filing

CompanyConnectOne Bancorp, Inc. (CNOB)
Form8-K, current report
Filed with the SECOct 22, 2026, 7:30 AM ET
Accession number0001437749-26-033170

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.