secwatch.observer — SEC 8-K summary
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Issuer:     ConnectOne Bancorp, Inc. (CNOB)
CIK:        0000712771
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001437749-24-031960
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ConnectOne Q3 EPS $0.41 down from $0.51 YoY; merger with First of Long Island on track
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- Net income available to common stockholders $15.7M, down 10% from Q2 ($17.5M) and 21% from Q3 2023 ($19.9M).
- Diluted EPS $0.41 ($0.46 Q2 2024, $0.51 Q3 2023); operating diluted EPS $0.42.
- Net interest margin (FTE) 2.67%, down 5 bps QoQ; expects 10+ bps Q4 expansion from Fed cuts.
- Provision for credit losses $3.8M ($2.5M Q2); NPAs $51.3M (0.53% of assets); criticized loans 2.23%.
- Declared $0.18/sh common dividend payable Dec 2; merger integration with First of Long Island progressing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712771/000143774924031960/0001437749-24-031960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712771/000143774924031960/cnob20240806d_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-031960

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