secwatch.observer — SEC 8-K summary
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Issuer:     ConnectOne Bancorp, Inc. (CNOB)
CIK:        0000712771
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001437749-23-011242
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712771/000143774923011242/0001437749-23-011242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712771/000143774923011242/cnob20230417_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-011242

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