ConnectOne Bancorp (CNOB) Investor presentation summary

2Q 2026 performance

• Operating net income was $43.7M and operating diluted EPS was $0.84; reported net income was $41.7M and diluted EPS was $0.80.

• NIM reached 3.42%, up 36 bps YoY; client deposits rose $256.2M, or 9.8%, and loans increased $133.4M, or 4.5%, sequentially on an annualized basis.

• Tangible book value per share was $24.66, up 3.1% QoQ and 12.3% YoY; TCE ratio rose to 8.78% from 8.09% a year earlier.

Scale and growth strategy

• At June 30, 2026, assets were $14.4B, loans $11.9B, deposits $11.7B and offices 58; footprint spans New Jersey, New York, Long Island and Florida.

• Balance sheet growth reflected organic expansion and acquisitions, with approximately 13% asset CAGR shown from 2016 through 2Q26.

• The June 2025 merger added $4.2B in assets to a $10.1B franchise, bringing combined assets to $14.3B; the presentation cites a history of financially accretive acquisitions and realized synergies.

• Priorities include organic growth, tangible book value accretion, disciplined M&A, avoiding value-loss trades, share repurchases and consecutive dividend growth; dividend growth stood at six years.

Balance sheet and revenue

• Loan mix: multifamily 31%, other CRE 31%, business loans 28% and residential/consumer 10%; rate structure was 13% floating, 43% adjustable and 44% fixed.

• Deposit base included 54% nonmaturity interest-bearing, 21% noninterest-bearing demand, 16% time and 9% brokered deposits; available liquidity was $5.7B, or 157% of adjusted uninsured deposits.

• NIM rose from 3.11% in 2Q25 to 3.42% in 2Q26, supported by asset repricing outpacing funding costs and disciplined deposit pricing; significant loan repricing was anticipated through year-end 2027.

• Noninterest income initiatives include SBA, commercial and residential gain-on-sale activity, BoeFly, and expansion or optimization of deposit, loan and transaction fees.