Welcome to our dedicated news page for ConnectOne Bancorp (Ticker: CNOB), a resource for investors and traders seeking the latest updates and insights on ConnectOne Bancorp.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ConnectOne Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ConnectOne Bancorp's position in the market.
Rhea-AI Summary
ConnectOne Bancorp, Inc. reported net income available to common stockholders of $15.7 million for Q1 2024, with diluted earnings per share at $0.41. The company declared an increased quarterly cash dividend on common stock and preferred stock. Operating results showed a decrease in net interest income and noninterest income, along with an increase in noninterest expenses. Asset quality reflected an increase in provision for credit losses and a decrease in nonperforming assets. Selected balance sheet items remained stable, with total assets at $9.854 billion as of March 31, 2024.
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-6.44%
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ConnectOne Bancorp, Inc. (CNOB) to Release First Quarter 2024 Results on April 25, 2024
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Rhea-AI Summary
ConnectOne Bancorp, Inc. reported a decrease in net income available to common stockholders and diluted earnings per share for the fourth quarter of 2023 compared to the third quarter of 2023 and the fourth quarter of 2022. The decrease was primarily due to a $2.1 million FDIC special assessment, a $1.2 million increase in provision for credit losses, and a decrease in net interest income. Full-year 2023 net income available to common stockholders was $81.0 million, compared to $119.2 million for 2022. The company also declared a quarterly cash dividend on its common stock and outstanding preferred stock.
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0.42%
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ConnectOne Bancorp, Inc. (Nasdaq: CNOB) announced plans to release Q4 2023 results on January 25, 2024. The company will host a conference call and webcast to review financial performance and operating results. Chairman and CEO Frank Sorrentino III and CFO William S. Burns will host the call.
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-0.43%
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ConnectOne Bancorp reports net income of $19.9 million for Q3 2023, compared to $19.9 million for Q2 2023 and $27.4 million for Q3 2022. Diluted earnings per share were $0.51 for Q3 2023. Net interest income decreased by $15.8 million, noninterest expenses increased by $3.6 million. PPNR as a percentage of average assets was 1.24% for Q3 2023.
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2.9%
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ConnectOne Bancorp, Inc. plans to release Q3 results on October 26, 2023.
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-1.5%
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ConnectOne Bancorp hires Dana Zeller as Chief Strategic Operations Officer, emphasizing commitment to growth and innovation.
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KBRA affirms ConnectOne Bancorp's debt and stock ratings, with Stable Outlook.
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Rhea-AI Summary
KBRA affirms the ratings of ConnectOne Bancorp, Inc. and its subsidiary ConnectOne Bank. The ratings are supported by ConnectOne's strong earnings performance and credit risk management. However, profitability has trended lower in 2023 due to deposit costs and NIM compression. ConnectOne's concentration in investor CRE and exposure to the NYC metro region pose potential challenges. The company has maintained stable core deposit balances and overall liquidity is sufficient. Rating upgrade is possible with more revenue diversity and stronger capital.
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End-of-Day
0.85%
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ConnectOne Bancorp, Inc. (CNOB) reported net income of $19.9 million for Q2 2023, down from $23.4 million in Q1 2023 and $30.8 million in Q2 2022. Diluted EPS was $0.51 in Q2 2023, down from $0.59 in Q1 2023 and $0.78 in Q2 2022. Pre-tax, pre-provision net revenue was 1.31% in Q2 2023, down from 1.46% in Q1 2023 and 2.28% in Q2 2022. Nonperforming assets were $51.5 million as of June 30, 2023, up from $44.7 million as of December 31, 2022 and $61.1 million as of June 30, 2022. Total assets were $9.7 billion as of June 30, 2023, an increase of $79 million from December 31, 2022.
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0.86%
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ConnectOne Bancorp Inc.
Nasdaq:CNOB
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About CNOB
connectone bank is built on a history of connecting to our clients’ needs. we understand that “little things matter” and focus on those things when providing creative financial products and customize solutions to help our clients achieve financial prosperity for themselves, their family and their business. our ultimate goal is to create life-long partnerships with our clients by making sure that each day connectone bank focuses on a singular objective...to be “a better place to be” for our clients, our communities, our employees and our shareholders. connectone bank is an equal housing and equal opportunity lender, and a member of the federal deposit insurance corporation. for more information, call 201-816-8900, go online and visit our website at www.connectonebank.com.