secwatch.observer — SEC 8-K summary
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Issuer:     ConnectOne Bancorp, Inc. (CNOB)
CIK:        0000712771
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001437749-24-023414
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ConnectOne Q2 2024 EPS $0.46; NIM widens 8 bps; deposit balances up
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- Net income available to common $17.5M ($0.46 diluted EPS) vs $15.7M ($0.41) in Q1 and $19.9M ($0.51) a year ago.
- Net interest margin widened 8 bps to 2.72% from 2.64% QoQ; PPNR/avg assets improved to 1.17% from 1.10%.
- Provision for credit losses fell to $2.5M from $4.0M in Q1; nonperforming assets declined to $46.0M (0.47% of assets) from $52.5M.
- Client deposit balances grew ~7% annualized; total deposits $7.576B vs $7.536B at 2023 year-end.
- Declared $0.18 common dividend and $0.328125 preferred dividend, payable Sept 3 to holders of record Aug 15.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712771/000143774924023414/0001437749-24-023414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712771/000143774924023414/cnob20240520_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023414

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