---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-029035"
form_type: "8-K"
ticker: "CNOB"
cik: "0000712771"
company_name: "ConnectOne Bancorp, Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:08:13.557517+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-029035
- form_type: 8-K
- ticker: CNOB
- cik: 0000712771
- company_name: ConnectOne Bancorp, Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712771/000143774923029035/0001437749-23-029035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712771/000143774923029035/cnob20230809c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-029035
- JSON: https://secwatch.observer/filing/0001437749-23-029035.json
- Plain text: https://secwatch.observer/filing/0001437749-23-029035.txt

## Key facts
- Earnings Releases
  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
  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 $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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/712771/000143774923029035/0001437749-23-029035-index.htm

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