ConnectOne Bancorp, Inc., established in 1982 and headquartered in Englewood Cliffs, New Jersey, functions as the holding company for ConnectOne Bank. The bank delivers a broad spectrum of commercial banking services and products, catering to small and medium-sized businesses, local professionals, and individual clients across Northern New Jersey, the New York Metropolitan area, and the South Florida region. Its financial offerings include various deposit accounts such as personal and business checking, retirement, money market, time deposits, and savings accounts. Lending solutions comprise both secured and unsecured consumer and commercial business loans, revolving lines of credit, commercial and residential mortgages (for primary and secondary residences), home equity loans, bridge loans, other personal purpose loans, and commercial construction and real estate financing. Furthermore, ConnectOne Bank provides a suite of complementary services, including check cards, ATM cards, credit cards, wire transfers, automated teller machine access, internet banking, treasury direct services, automated clearing house (ACH) origination, mobile banking, safe deposit boxes, and remote deposit capture. The company operates an extensive physical network, encompassing eight banking offices in Bergen County, five in Union County, and one each in Morris, Essex, Hudson, and Monmouth counties in New Jersey. Its New York presence includes a branch in Manhattan, one in Nassau County on Long Island, a location in Astoria, and five branches throughout the Hudson Valley. Additionally, a financial center serves clients in West Palm Beach, Palm Beach County, Florida. Notably, the company rebranded from Center Bancorp, Inc. to ConnectOne Bancorp, Inc. in July 2014.
ConnectOne Bancorp, Inc. Reports Second Quarter 2026 Results
ConnectOne Bancorp reported Q2 net income of $40.2 million, or $0.80 per share, rebounding from a loss in the prior year quarter driven by the FLIC merger.
Net interest margin expanded to 3.42% on higher loan yields, while tangible book value per share rose to $24.66.
Asset quality weakened with nonperforming assets jumping to $79.7 million, linked to a specific charge-off on NYC multifamily loans.