ConnectOne Bancorp Reports Q2 2025 Results and Declares Dividends

ConnectOne Bancorp, Inc. 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 previous quarter and $17.5 million in the same 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 company completed its merger with The First of Long Island Corporation on June 1, 2025, which significantly impacted the financial results. Despite the loss, ConnectOne declared a cash dividend of $0.18 per share on its common stock and $0.328125 per depositary share on its 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.