---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020792"
form_type: "8-K"
ticker: "CNOB"
cik: "0000712771"
company_name: "ConnectOne Bancorp, Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:20:21.523693+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-020792
- form_type: 8-K
- ticker: CNOB
- cik: 0000712771
- company_name: ConnectOne Bancorp, Inc.
- filed_at: 2023-07-27T23:59:59+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/712771/000143774923020792/0001437749-23-020792-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712771/000143774923020792/cnob20230508c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020792
- JSON: https://secwatch.observer/filing/0001437749-23-020792.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020792.txt

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