ConnectOne sells $690M multifamily loans, takes $23M loss; Q3 net income falls 24.3% to $29.8 million

Filed October 30, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 3, 2025 · ~1 min read

Key Changes

• high

  Completed sale of $690.2M multifamily loans for $621.7M, reducing CRE concentration and NYC rent-stabilized exposure by 59%.

  Subsequent Events verify on EDGAR →
• high

  Recorded $23.0M pretax loss on transfer of $753.7M loans to held-for-sale, driving noninterest income to a $14.5M net loss.

  MD&A: Noninterest Income verify on EDGAR →
• high

  Net income available to common fell to $29.8M; diluted EPS declined 24.4% to $0.59.

  MD&A: Net Income verify on EDGAR →