ConnectOne Reports Q1 Revenue of $116.64M, Beating Consensus
Reports Q1 revenue $116.64M, consensus $115.61M. Reports Q1 tangible book value per share $23.93. Reports Q1 CET1 capital ratio 10.23%. "ConnectOne began 2026 with robust momentum, positioning us for what we expect to be a strong year," commented Frank Sorrentino, ConnectOne's chairman and CEO. "Loans and deposits both grew sequentially at an annualized rate of approximately 10%, while our net interest margin expanded by 12 basis points. Accelerating portfolio loan yields are expected to support continued net interest margin expansion in the quarters ahead, even without further rate cuts."
