---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-011242"
form_type: "8-K"
ticker: "CNOB"
cik: "0000712771"
company_name: "ConnectOne Bancorp, Inc."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:51:07.610256+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ConnectOne Q1 net income $23.4M ($0.59 EPS) down YoY; NIM compresses to 3.00%

## Summary
- Diluted EPS $0.59 vs $0.75 Q1 2022; net income available to common $23.4M down 22% YoY.
- Net interest margin fell 71 bps YoY to 3.00%; deposit cost up 189 bps to 2.20%.
- Deposits up $400M sequentially; liquidity strengthened to ~$4B (250% of uninsured deposits).
- Quarterly common dividend raised 9.7% to $0.17; repurchased 205K shares at $22.51.
- TCE ratio 8.9%; CET1 10.5%; NPAs $47.7M; provision for credit losses $1.0M.

## SEC filing metadata
- accession: 0001437749-23-011242
- form_type: 8-K
- ticker: CNOB
- cik: 0000712771
- company_name: ConnectOne Bancorp, Inc.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712771/000143774923011242/0001437749-23-011242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712771/000143774923011242/cnob20230417_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-011242
- JSON: https://secwatch.observer/filing/0001437749-23-011242.json
- Plain text: https://secwatch.observer/filing/0001437749-23-011242.txt

## Key facts
- Earnings Releases
  ConnectOne Bancorp, Inc. reported the first quarter of 2023 results: net income net income available to common stockholders of $23.4 million, EPS $0.59.
  - Period: the first quarter of 2023
  - Net income: net income available to common stockholders of $23.4 million
  - EPS: $0.59
  - Result: reported results
  source text: 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 $23.4 million for the first quarter of 2023, compared with $31.0 million for the fourth quarter of 2022 and $29.9 million for the first quarter of 2022. Diluted earnings per share were $0.59 for the first quarter of 2023 compared with $0.79 for the fourth quarter of 2022 and $0.75 for the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/712771/000143774923011242/0001437749-23-011242-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.