ConnectOne Bancorp Q3 net income falls 23% year over year to $31.4 million
CNOB•Third-quarter net income available to common stockholders fell 24% year over year to $29.89 million. Net interest income rose 15% to $117.3 million, while noninterest income swung to a $14.5 million loss; results included a $23.03 million pretax loss from balance sheet restructuring.
1. Quarterly results
ConnectOne Bancorp reported third-quarter 2026 net income available to common stockholders of $29.89 million, down 24% year over year. Net interest income rose 15% to $117.3 million, while noninterest income swung to a $14.5 million loss.
2. Restructuring and loan sale
Results included a $23.03 million pretax loss related to balance sheet restructuring. An agreement to sell up to approximately $750 million of non-relationship multifamily loans is expected to close in late October 2026.
