ConnectOne Bancorp Inc reports results for the quarter ended June 30 - Earnings Summary
ConnectOne Bancorp Inc reports results for the quarter ended June 30 - Earnings Summary
ConnectOne Bancorp Inc CNOB.OQ reported quarterly adjusted earnings of 84 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of five analysts for the quarter was for earnings of 82 cents per share. Wall Street expected results to range from 80 cents to 83 cents per share.
Revenue rose 44.1% to $113.64 million from a year ago; analysts expected $113.71 million.
ConnectOne Bancorp Inc's reported EPS for the quarter was 80 cents.
The company reported quarterly net income of $40.16 million.
ConnectOne Bancorp Inc shares had fallen by 1.3% this quarter and gained 25.9% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 4.3% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for ConnectOne Bancorp Inc is $35.00, about 5.7% above its last closing price of $33.00
This summary was machine generated from LSEG data July 23 at 01:31 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.82 | 0.84 | Beat |
Mar. 31 2026 | 0.73 | 0.79 | Beat |
Dec. 31 2025 | 0.73 | 0.83 | Beat |
Sep. 30 2025 | 0.67 | 0.70 | Beat |
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ConnectOne Bancorp Inc reports results for the quarter ended June 30 - Earnings Summary
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