ConnectOne Q3 2022 net income $27.4M, EPS $0.70, down from prior periods; declares dividends

ConnectOne Bancorp, Inc.

2022-Q3 EPS reported $2.23

Diluted EPS of $0.70 vs. $0.78 in Q2 2022 and $0.80 in Q3 2021.
Net interest margin stable at 3.68%; pre-tax pre-provision earnings at record level.
Provision for credit losses increased to $10M from $3M in Q2 2022 due to loan growth.
Tangible book value per share rose to $20.93, up 8% YoY; ROA 1.27%.
Common dividend $0.155/share and preferred dividend $0.328125/depositary share, payable Dec 1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ConnectOne Bancorp, Inc. reported the third quarter of 2022 results: net income net income available to common stockholders of $27.4 million, EPS $0.70.

Period: the third quarter of 2022
Net income: net income available to common stockholders of $27.4 million
EPS: $0.70
Result: reported results

Exact text from the filing

ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today reported net income available to common stockholders of $27.4 million for the third quarter of 2022 compared with $30.8 million for the second quarter of 2022 and $32.1 million for the third quarter of 2021. Diluted earnings per share were $0.70 for the third quarter of 2022 compared with $0.78 in the second quarter of 2022 and $0.80 in the third quarter of 2021.

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Source: SEC EDGAR

accession 0001437749-22-024874

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