secwatch.observer — SEC 8-K summary
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Issuer:     ConnectOne Bancorp, Inc. (CNOB)
CIK:        0000712771
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001437749-24-013120
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712771/000143774924013120/0001437749-24-013120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712771/000143774924013120/cnob20240125d_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-013120

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