ConnectOne swings to $41.7M profit as FLIC costs fade, but NYC rent-stabilized loan charge-offs surge

Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~1 min read

Key Changes

• high

  Net income available to common stockholders was $40.2M in Q2 2026, versus a $21.8M loss a year earlier, as one-time FLIC merger charges did not recur.

  MD&A: Net income turnaround verify on EDGAR →
• high

  Net charge-offs more than tripled to $21.0M; a $146.3M pool of such loans faces unique stress.

  MD&A: Credit quality verify on EDGAR →
• medium

  The company committed up to $50M to a renewable energy tax equity fund, expected to generate federal investment tax credits; no capital was funded in Q2.

  MD&A: Tax equity verify on EDGAR →