ConnectOne Q2 net income falls to $19.9M, EPS $0.51, down from Q1 $23.4M and Q2 2022 $30.8M

ConnectOne Bancorp, Inc.

2023-Q2 EPS reported $1.10

Net income available to common stockholders was $19.9M ($0.51 diluted EPS) vs $23.4M ($0.59) in Q1 2023 and $30.8M ($0.78) in Q2 2022.
Net interest margin compressed 19 bps to 2.81%; loan yield rose 14 bps to 5.49% but deposit costs rose 46 bps to 2.66%.
Declared increased quarterly common dividend of $0.17 per share (payable Sep 1, record Aug 15) and preferred dividend.
Repurchased 270,000 shares in Q2 at average price $15.32; ~1.3M shares remain authorized.
Nonperforming assets rose to $51.5M (0.53% of assets) vs $44.7M at Dec 2022; allowance for credit losses at 1.09% of loans.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.