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The combination of NIM expansion to 3.44%, PPNR above 2%, and ROE above 15% suggests resilient profitability, potentially supporting multiple expansion. The 11% growth in loans/deposits and dividend declarations provide near-term catalysts; negative QoQ net income could temper enthusiasm, making guidance crucial.
What happened, with direct paths to the underlying reporting
ConnectOne Bancorp posted Q3 2026 net income of $29.9 million, down from Q2's $40.2 million, as core profitability metrics strengthened yet earnings cooled sequentially. PPNR surpassed 2% and operating ROE exceeded 15%, while NIM rose to 3.44%. Loans and deposits rose 11% year-over-year on balance sheet restructuring with dividends declared.
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