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ConnectOne Bancorp (CNOB) guidance and outlook

ConnectOne Bancorp (CNOB) gave its guidance on Oct 22, 2026: Tax rate 27.5% for Q4 2026. ConnectOne Bancorp's 10-Q filed Oct 30, 2026 makes 12 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Oct 22, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Oct 30, 2026

• The Company expects to recognize transaction costs of approximately $7 million to $8 million in the fourth quarter of 2026.
• The Company expects noninterest expenses in the fourth quarter of 2026 to increase from the third quarter of 2026, reflecting normal operating growth, as well as the transaction costs of approximately $7 million to $8 million related to the loan sale described above under “Balance Sheet Restructuring and Repositioning.”
• The Company has incorporated the anticipated 2026 tax credits and net benefits from this investment into its estimated annual effective tax rate for 2026.
• The Company expects the underlying projects to be placed in service in tranches during the fourth quarter of 2026.
• The methodology for determining the ACL is considered a critical accounting policy by management because of the high degree of judgment involved, the subjectivity of the assumptions used, and the potential for changes in the forecasted economic environment that could result in changes to the amount of the recorded ACL.
• In management’s view, the level of the ACL as of September 30, 2026 is adequate to cover expected credit losses over the contractual term of the loan portfolio.
• Management seeks to identify deteriorating credits early and to recognize charge-offs on a timely basis, based on assessments of expected cash flows and the value of underlying collateral, while maintaining an adequate ACL.
• Loans may be placed on nonaccrual status earlier when management determines that collection of all principal and interest is not expected.
• Unrealized losses have not been recognized into income because the issuers are of high credit quality, we do not intend to sell, and it is likely that we will not be required to sell the securities prior to their anticipated recovery.
• We seek to reduce the vulnerability of our operations to changes in interest rates, and actions in this regard are taken under the guidance of the Bank’s Asset Liability Committee (the “ALCO”).
• The models assume that the composition of the Company’s interest sensitive assets and liabilities existing at the beginning of a period remain constant over the period being measured, thus they do not consider the Company’s strategic plans, or any other steps it may take to respond to changes in rates over the forecasted period of time.
• Given the nature and speed with which interest rates change, the projections noted above on the Company’s EVE and net interest income can be expected to differ from actual results.

ConnectOne Bancorp's latest quarter

Questions

Did ConnectOne Bancorp raise or lower its guidance?

ConnectOne Bancorp (CNOB) gave its guidance on Oct 22, 2026: Tax rate 27.5% for Q4 2026.

What does ConnectOne Bancorp expect?

The Company expects to recognize transaction costs of approximately $7 million to $8 million in the fourth quarter of 2026. The Company expects noninterest expenses in the fourth quarter of 2026 to increase from the third quarter of 2026, reflecting normal operating growth, as well as the transaction costs of approximately $7 million to $8 million related to the loan sale described above under “Balance Sheet Restructuring and Repositioning.” The Company has incorporated the anticipated 2026 tax credits and net benefits from this investment into its estimated annual effective tax rate for 2026.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.