ConnectOne Q1 earnings fall YoY; net income $15.7M, EPS $0.41; common dividend raised 5.9%

ConnectOne Bancorp, Inc.

2024-Q1 EPS reported $0.41

Net income available to common stockholders $15.7M ($0.41 diluted EPS) vs Q4 2023 $17.8M ($0.46) and Q1 2023 $23.4M ($0.59).
Net interest margin compressed 7 bps sequentially to 2.64%; loan balances down 2.3% annualized.
Quarterly common dividend increased 5.9% to $0.18 per share, payable June 3, 2024.
Repurchased 282,370 shares at avg $20.24 in Q1; 641,118 shares remain authorized.
Nonperforming assets $47.4M (0.48% of total assets), down from $52.5M at year-end 2023.

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 1.0

ConnectOne Bancorp, Inc. reported the first quarter of 2024 results: net income $15.7 million, EPS $0.41.

Period: the first quarter of 2024
Net income: $15.7 million
EPS: $0.41
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 $15.7 million for the first quarter of 2024 compared with $17.8 million for the fourth quarter of 2023 and $23.4 million for the first quarter of 2023. Diluted earnings per share were $0.41 for the first quarter of 2024 compared with $0.46 for the fourth quarter of 2023 and $0.59 for the first quarter of 2023.

View on SEC.gov

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

ConnectOne Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-013120

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.