ConnectOne Bancorp reported a Q3 2026 net income of $29.9 million, down from $40.2 million in Q2, mainly due to a $23 million pretax charge from a strategic balance sheet restructuring. The company plans to sell up to $750 million in multifamily loans, reducing commercial real estate and NYC rent-stabilized property concentrations, and strengthening liquidity. Operating earnings improved with a 3.44% net interest margin and 11% growth in loans and deposits. The loan sale is expected to close in late October, with proceeds reinvested in government securities and used to reduce wholesale funding, positioning ConnectOne for disciplined growth and enhanced financial flexibility.
ConnectOne Bancorp's Q3 2026 results provide context for readers interested in financials. For readers following the Financials sector, here is Pluang's market snapshot as of Oct 22, 2026 17:11 WIB: Of 142 priced Financials-sector US stocks tradable on Pluang, 37 rose and 99 fell today. Notable movers include COIN at USD 170.46 with a 1-day change of -3.74% and Pluang order activity of 18% Sell / 82% Buy, BTBT at USD 0.91 with a 1-day change of -3.40% and 0% Sell / 100% Buy, and ING at USD 32.42 with a 1-day change of -2.99% and 100% Sell / 0% Buy.
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