For the quarter ended March 2026, ConnectOne Bancorp (CNOB) reported revenue of $115.6 million, up 64.7% over the same period last year. EPS came in at $0.79, compared to $0.51 in the year-ago quarter.
The reported revenue represents a surprise of -0.53% over the Zacks Consensus Estimate of $116.22 million. With the consensus EPS estimate being $0.73, the EPS surprise was +8.71%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how ConnectOne performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio (non-GAAP): 45.4% versus the three-analyst average estimate of 49.2%. Average Balance - Total interest-earning assets: $13.16 billion versus $13.25 billion estimated by three analysts on average. Net Interest Margin (GAAP): 3.4% versus 3.3% estimated by three analysts on average. Nonaccrual loans: $41.58 million versus $45.96 million estimated by two analysts on average. Net loan charge-offs as a % of average loans receivable (annualized): 0.1% versus the two-analyst average estimate of 0.2%. Total Noninterest Income: $6.8 million versus $7.21 million estimated by three analysts on average. Net gains on sale of loans held-for-sale: $0.43 million compared to the $0.93 million average estimate based on three analysts. Income on bank owned life insurance: $2.95 million versus the two-analyst average estimate of $2.48 million. Net Interest Income (tax equivalent basis): $109.98 million versus $108.48 million estimated by two analysts on average. Deposit, loan and other income: $3.28 million compared to the $3.66 million average estimate based on two analysts.View all Key Company Metrics for ConnectOne here>>>
Shares of ConnectOne have returned +6.6% over the past month versus the Zacks S&P 500 composite's +9.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"
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ConnectOne Bancorp, Inc. (CNOB): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).