ConnectOne: Merger Benefits Persist, But Loan Quality Requires Monitoring

2026-04-27 17:36:32 ET

Shares of ConnectOne Bancorp, Inc. ( CNOB ) have been a solid performer over the past year, gaining about 30%. After reporting solid Q1 results, CNOB shares have risen to a new 52-week high. Its First of Long Island (“FLIC”) acquisition has helped the bank add scale and reduce funding costs, while its exposure to commercial real estate (“CRE”) has become a lessening concern. Increasingly, investors are focused on potential risks in private credit, an area where CNOB has minimal exposure. I last covered shares in February , rating the stock a “Buy,” given ongoing margin improvement, and shares have returned about 7% since then, justifying my optimism. With updated financials, now is a good time to revisit CNOB....

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