ConnectOne Q3 EPS $0.51 flat sequentially; net interest margin contracts to 2.76%

ConnectOne Bancorp, Inc.

2023-Q3 EPS reported $1.61

Net income available to common $19.9M ($0.51 EPS) flat QoQ; down from $27.4M ($0.70) YoY.
Net interest margin (FTE) 2.76%, down 5 bps QoQ and 92 bps YoY; average cost of deposits rose to 2.92%.
Declared common dividend $0.17/share and Series A preferred dividend $0.328125/depositary share, payable Dec 1, 2023.
Repurchased 316,789 shares at avg $19.45 in Q3; ~1.0M shares remain under repurchase authorization.
Nonperforming assets $56.1M (0.58% of assets); allowance for credit losses 1.08% of loans.

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 0.95

ConnectOne Bancorp, Inc. reported third quarter of 2023 results: net income net income available to common stockholders of $19.9 million, EPS Diluted earnings per share were $0.51.

Period: third quarter of 2023
Net income: net income available to common stockholders of $19.9 million
EPS: Diluted earnings per share were $0.51
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 $19.9 million for the third quarter of 2023, compared to $19.9 million for the second quarter of 2023 and $27.4 million for the third quarter of 2022. Diluted earnings per share were $0.51 for the third quarter of 2023, $0.51 for the second quarter of 2023 and $0.70 for the third quarter of 2022.

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

ConnectOne Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-029035

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.