ConnectOne Bancorp, Inc. Reports Second Quarter 2025 Results and Declares Dividends

ConnectOne Bancorp, Inc. (Nasdaq: CNOB) reported a net loss available to common stockholders of $(21.8) million for the second quarter of 2025, compared to net income of $18.7 million in the first quarter of 2025 and $17.5 million in the second quarter of 2024. The loss was primarily due to a $34.3 million increase in noninterest expenses, including $30.7 million in merger expenses, and a $32.2 million increase in provision for credit losses. The merger with The First of Long Island Corporation (FLIC) was completed on June 1, 2025, contributing to the increased expenses. Despite the loss, the company declared a cash dividend of $0.18 per share on common stock and $0.328125 per depositary share on preferred stock, both payable on September 2, 2025. The merger has positioned ConnectOne as a $14 billion regional financial institution with 61 locations and over 700 banking professionals.