earnings
confidence high
sentiment neutral
materiality 0.70
ConnectOne Q1 net income $18.7M ($0.49 EPS), NIM expands to 2.93%, declares $0.18 dividend
ConnectOne Bancorp, Inc.
2025-Q1 EPS reported
$0.49
- Q1 net income available to common stockholders $18.7M ($0.49 diluted EPS), flat vs Q4 2024, up from $15.7M ($0.41) in Q1 2024.
- Net interest margin widened 7 bps to 2.93%; deposit costs decreased 21 bps QoQ.
- Nonaccrual loans down to 0.61% of total loans; annualized net charge-offs 0.17%.
- Tangible book value per share increased to $24.16 from $23.92 at Dec 31, 2024.
- Merger with The First of Long Island Corp expected to close Q2 2025; common dividend $0.18/share payable June 2.