ConnectOne Bancorp Q3 net income up to $39.5 mln

ConnectOne Bancorp

30/10/2025 11:10

Overview

ConnectOne Bancorp Q3 net income rises to $39.5 mln from $15.7 mln a year ago

Diluted EPS for Q3 increases to $0.78 from $0.41 in prior year

Net interest margin widens to 3.11% in Q3, benefiting from FLIC merger

Outlook

ConnectOne Bancorp sees positive momentum in loan and deposit pipeline post-merger

Company expects continued improvement in net interest margin and profitability ratios

ConnectOne Bancorp maintains focus on strategic priorities and long-term shareholder value

Result Drivers

MERGER IMPACT - The merger with FLIC contributed to increases in net interest income and noninterest income, improving overall financial performance

CREDIT LOSS PROVISION - A $30.2 mln reduction in credit loss provision, primarily due to prior merger-related provisions, boosted Q3 results

NONINTEREST INCOME - Noninterest income rose by $14.2 mln, driven by gains on equity securities and increased deposit, loan, and other income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
-$0.78
Q3 Net Interest Income
$102.01 mln
Q3 Loan Loss Provision
$5.50 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for ConnectOne Bancorp Inc is $30.00, about 20.4% above its October 29 closing price of $23.87

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX4MTjXm

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)