secwatch.observer — SEC 8-K summary
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Issuer:     ConnectOne Bancorp, Inc. (CNOB)
CIK:        0000712771
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001437749-23-029035
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712771/000143774923029035/0001437749-23-029035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712771/000143774923029035/cnob20230809c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-029035

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