ConnectOne Q4 2023 EPS $0.46, down 42% YoY; net income $17.8M vs $31M

ConnectOne Bancorp, Inc.

2023-FY EPS reported $2.07

Diluted EPS $0.46 (Q4 2023) vs $0.79 (Q4 2022); net income $17.8M vs $31.0M.
Net interest margin contracted 77 bps to 2.71% YoY; total deposits up $180M to $7.536B.
Declared $0.17 common cash dividend payable March 1, 2024, record date Feb 15.
Nonperforming assets at 0.53% of total assets; provision for credit losses $2.7M.
Tangible book value per share $23.14, up from $21.71 YoY; repurchased 102K shares.

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 0.9

ConnectOne Bancorp, Inc. reported fourth quarter of 2023 results: net income $17.8 million, EPS $0.46.

Period: fourth quarter of 2023
Net income: $17.8 million
EPS: $0.46
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 $17.8 million for the fourth quarter of 2023 compared with $19.9 million for the third quarter of 2023 and $31.0 million for the fourth quarter of 2022. Diluted earnings per share were $0.46 for the fourth quarter of 2023 compared with $0.51 for the third quarter of 2023 and $0.79 for the fourth quarter of 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ConnectOne Bancorp, Inc. reported full-year 2023 results: net income $81.0 million, EPS $2.07.

Period: full-year 2023
Net income: $81.0 million
EPS: $2.07
Result: reported results

Exact text from the filing

Full-year 2023 net income available to common stockholders was $81.0 million, compared to $119.2 million for 2022. Diluted earnings per share for the full-year 2023 was $2.07, compared with $3.01 for 2022.

View on SEC.gov

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ConnectOne Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-002117

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