ConnectOne Bancorp sells USD 750 million loans: what it means for ConnectOne Bancorp stock
Published on 10/25/2026 at 01:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBalance sheet repositioning
- ConnectOne agreed to sell up to USD 750 million of multifamily loans on October 22, 2026.
- Net interest margin reached 3.44 percent in the third quarter of 2026.
- The common dividend is USD 0.195 per share and is payable on December 1, 2026.
ConnectOne Bancorp (US20786W1071) agreed to sell up to USD 750 million of non-relationship multifamily loans as part of its balance-sheet repositioning announced on October 22, 2026. The transaction came alongside third-quarter operating earnings per share of USD 0.95, up 13.10 percent from USD 0.84 in the second quarter, according to GlobeNewswire.
What does the loan sale change?
The loan pool was transferred to held-for-sale at a fair value of USD 678.9 million as of September 30, 2026. That accounting treatment produced a USD 23.0 million pretax charge in the third quarter, which reduced GAAP net income available to common stockholders to USD 29.9 million from USD 40.2 million in the second quarter.
The operating picture was stronger. Net interest margin widened to 3.44 percent in the third quarter from 3.42 percent in the second quarter and 3.11 percent a year earlier. Operating return on average tangible common equity reached 15.17 percent, compared with 13.81 percent in the second quarter, while the operating efficiency ratio improved to 41.3 percent from 42.7 percent.
Risk reduction has a price
According to GlobeNewswire, the sale is expected to reduce the regulatory commercial real estate concentration ratio to 397 percent from 439 percent at June 30, 2026. Rent-stabilized property exposure is projected to fall to 2 percent of total loans from 6 percent, while fourth-quarter restructuring costs of USD 7 million to USD 8 million are scheduled upon closing.
The transaction is scheduled to close in late October 2026. ConnectOne also declared a common dividend of USD 0.195 per share payable on December 1, 2026, to shareholders of record on November 13, 2026, as stated in the GlobeNewswire release.
Nasdaq price and upcoming dates
ConnectOne Bancorp last stood at USD 32.69 on Nasdaq on October 23, 2026 at 4:00 p.m. ET, within its USD 23.20 to USD 34.14 52-week range. The next scheduled company dates are the loan-sale closing in late October 2026 and the common dividend payment on December 1, 2026.
The further course of trading is shown by the continuously updated real-time quote of ConnectOne Bancorp stock.
ConnectOne Bancorp key data
- Company: ConnectOne Bancorp, Inc.
- ISIN: US20786W1071
- Ticker: CNOB
- Primary exchange: Nasdaq Global Market
- Market capitalization: USD 1.6 billion (as of October 23, 2026)
- 52-week range: USD 23.20-34.14 (as of October 23, 2026)
- Sector / Industry: Financial Services / Regional Banks
Market context: Market report Nasdaq Composite.
