Why did ConnectOne not repurchase shares in Q2 2026 after buying 90K shares in Q1?

The filing states no shares were repurchased during Q2 2026 but does not explain the reasoning. The decision likely reflects management discretion in response to market conditions, capital priorities, or merger integration activities following the FLIC acquisition.

What execution mechanism does ConnectOne use for its buyback program?

The company may repurchase shares through open-market purchases under Rule 10b-18, privately negotiated transactions, or Rule 10b5-1 trading plans, all in accordance with securities laws. The filing does not specify which method was used for the H1 2026 repurchases.

How many shares remain authorized under the current repurchase program?

As of June 30, 2026, ConnectOne had 551,118 shares authorized for repurchase remaining under its current board-approved program. The filing does not disclose the total original authorization or when it was approved.

Is the repurchase program binding or mandatory?

No. The filing explicitly states the program 'does not obligate the Company to acquire any particular amount of common stock and the plan may be modified or suspended at any time at the Company's discretion.' Management has full flexibility to pause or cancel buybacks.

What was the capital impact of the H1 2026 buybacks?

The 90,000 shares repurchased at $26.21 per share represent approximately $2.36 million in capital deployed. Given ConnectOne's $14.4 billion in total assets and $1.6 billion in stockholders' equity, this represents a modest capital allocation.

How does this buyback compare to ConnectOne's dividend and other capital activities?

The filing discloses concurrent dividend declarations (common and preferred), but does not provide a comprehensive capital allocation summary. The modest buyback amount suggests dividends and potential merger-related capital needs took priority in H1 2026.

CNOBP 8-K Filed 2026-07-23 Execution disclosure

ConnectOne repurchased 90K shares at $26.21 average in H1 2026

Bank executed modest buyback in first half; 551K shares remain authorized under board program.

Shares repurchased90K

Avg price paid$26.21

MechanismRule 10b5-1 plan, open-market

What the filing says

For the six months ended June 30, 2026, the Company repurchased 90,000 shares of common stock at an average price of $26.21, leaving 551,118 shares authorized for repurchase under the current Board approved repurchase program. The Company intends to repurchase shares from time to time in the open market, in privately negotiated stock purchases or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission and applicable federal securities laws. — ConnectOne Bancorp, Inc. 8-K filing · View on SEC EDGAR →

What this means

ConnectOne executed a modest share-repurchase program in the first half of 2026, buying back 90,000 shares at an average price of $26.21 per share, representing approximately $2.36 million in capital deployed. The company completed no repurchases in Q2 2026, concentrating all activity in the first quarter. With 551,118 shares still authorized for repurchase under the current board-approved program, ConnectOne retains flexibility to resume buybacks at management's discretion. The filing provides no dollar authorization amount, only share count remaining, and notes the plan may be suspended or modified at any time. This measured approach reflects the bank's recent FLIC merger integration and capital priorities.

Frequently asked questions

Why did ConnectOne not repurchase shares in Q2 2026 after buying 90K shares in Q1?: The filing states no shares were repurchased during Q2 2026 but does not explain the reasoning. The decision likely reflects management discretion in response to market conditions, capital priorities, or merger integration activities following the FLIC acquisition.
What execution mechanism does ConnectOne use for its buyback program?: The company may repurchase shares through open-market purchases under Rule 10b-18, privately negotiated transactions, or Rule 10b5-1 trading plans, all in accordance with securities laws. The filing does not specify which method was used for the H1 2026 repurchases.
How many shares remain authorized under the current repurchase program?: As of June 30, 2026, ConnectOne had 551,118 shares authorized for repurchase remaining under its current board-approved program. The filing does not disclose the total original authorization or when it was approved.
Is the repurchase program binding or mandatory?: No. The filing explicitly states the program 'does not obligate the Company to acquire any particular amount of common stock and the plan may be modified or suspended at any time at the Company's discretion.' Management has full flexibility to pause or cancel buybacks.
What was the capital impact of the H1 2026 buybacks?: The 90,000 shares repurchased at $26.21 per share represent approximately $2.36 million in capital deployed. Given ConnectOne's $14.4 billion in total assets and $1.6 billion in stockholders' equity, this represents a modest capital allocation.
How does this buyback compare to ConnectOne's dividend and other capital activities?: The filing discloses concurrent dividend declarations (common and preferred), but does not provide a comprehensive capital allocation summary. The modest buyback amount suggests dividends and potential merger-related capital needs took priority in H1 2026.

execution rule-10b5-1 community-bank mid-cap modest-repurchase

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.