---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-013120"
form_type: "8-K"
ticker: "CNOB"
cik: "0000712771"
company_name: "ConnectOne Bancorp, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:44:31.400213+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-013120
- form_type: 8-K
- ticker: CNOB
- cik: 0000712771
- company_name: ConnectOne Bancorp, Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/712771/000143774924013120/0001437749-24-013120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/712771/000143774924013120/cnob20240125d_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013120
- JSON: https://secwatch.observer/filing/0001437749-24-013120.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013120.txt

## Key facts
- Earnings Releases
  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
  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 $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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/712771/000143774924013120/0001437749-24-013120-index.htm

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