ConnectOne reported FY 2025 net income available to common stockholders of USD 74.4 million (+9.8%) and diluted EPS of USD 1.63. Net interest income rose USD 105.9 million, supported by a 3.11% net interest margin (up 39 basis points) and a 24.9% increase in average interest-earning assets, while provision for credit losses was USD 47.0 million (+USD 33.2 million) and noninterest expense increased USD 76.8 million, driven by USD 32.9 million of merger-related costs and higher compensation. Noninterest income totaled USD 35.1 million (+109.6%), including a USD 6.6 million Employee Retention Tax Credit benefit and a USD 3.5 million gain tied to the curtailment of the acquired FLIC pension plan. Following the June 1, 2025 acquisition of FLIC, ConnectOne ended FY 2025 with total assets of USD 14.0 billion, loans of USD 11.5 billion and deposits of USD 11.2 billion; commercial real estate loans were USD 8.1 billion. The allowance for credit losses on loans was USD 154.3 million (1.35% of loans receivable), reflecting merger-related purchased credit-deteriorated marks and an initial provision. ConnectOne also highlighted loan repricing, with approximately USD 2.4 billion of loans originated in 2021–2022 scheduled to reprice in 2026–2027.

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