Welcome to our dedicated page for Connectone Bancorp news (Ticker: CNOB), a resource for investors and traders seeking the latest updates and insights on Connectone Bancorp stock.
ConnectOne Bancorp, Inc. (NASDAQ: CNOB) is a financial services company that operates through ConnectOne Bank and its fintech subsidiary, BoeFly, Inc. Company news releases describe ConnectOne Bank as a commercial bank offering a full suite of banking and lending products and services focused on small to middle-market businesses, and BoeFly as a fintech marketplace that connects franchise borrowers with funding solutions through a network of partner banks.
This news page aggregates coverage of ConnectOne’s public announcements, including quarterly and annual financial results, dividend declarations on common and preferred stock, and details of its merger with The First of Long Island Corporation. Earnings releases discuss net income or loss available to common stockholders, net interest income, noninterest income, provision for credit losses, asset quality metrics, and capital ratios, providing insight into the company’s performance and risk profile.
Investors and observers can also follow news about corporate actions and governance, such as the completion of the merger with The First of Long Island Corporation, regulatory approvals for that merger, and leadership changes like the appointment of a General Counsel and changes in the Chief Risk Officer role. Additional news items include announcements of conference calls and audio webcasts where management reviews financial performance and operating results.
By reviewing ConnectOne Bancorp’s news flow, readers can track developments in its commercial banking operations, its integration of acquired institutions, its franchise finance activities through BoeFly, and its communication with shareholders through investor presentations and earnings calls. This page can be revisited to see new press releases and updates as they are issued.
ConnectOne Bancorp reported a net income of $32.2 million for Q2 2021, slightly down from $33.0 million in Q1 2021 but a significant increase from $14.8 million in Q2 2020. Diluted earnings per share were $0.81. The decline in net income was attributed to a $4.1 million decrease in the provision for credit losses, even as net interest income rose by $1.9 million. Additionally, the company declared a dividend of $0.11 per share, payable September 1, 2021.
ConnectOne Bancorp, parent company of ConnectOne Bank, will announce its second-quarter financial results for 2021 on July 29, 2021, prior to market opening. The announcement will be followed by a conference call at 10:00 a.m. ET, hosted by CEO Frank Sorrentino III and CFO William S. Burns. Interested parties can join the call via dial-in or listen to the audio webcast on the company's website. A replay will be available until August 5, 2021. ConnectOne Bancorp is traded on Nasdaq under the ticker CNOB.
ConnectOne Bancorp reported a net income of $33.0 million for Q1 2021, a significant rise from $6.0 million in Q1 2020. Diluted earnings per share increased to $0.82 from $0.15 year-over-year, primarily due to a $5.8 million recapture of credit loss reserves. The Bank also announced a 22.2% increase in its common stock dividend to $0.11 per share, payable June 1, 2021. The total assets of ConnectOne stood at $7.4 billion as of March 31, 2021, with a tangible common equity ratio of 9.91%.
ConnectOne Bancorp, parent company of ConnectOne Bank, will release its first-quarter financial results for the period ending March 31, 2021, on April 29, 2021, before market opening. A conference call will follow at 10:00 a.m. ET, hosted by CEO Frank Sorrentino III and CFO William S. Burns. Investors can join the call by dialing 201-689-8471 (access code 13718388) or listen via the company's website. A replay will be available after the call until May 6, 2021. ConnectOne Bancorp trades on Nasdaq under the symbol CNOB.
ConnectOne Bancorp reported a net income of $25.6 million for Q4 2020, up from $24.8 million in Q3 2020 and $20.8 million in Q4 2019. Diluted earnings per share were $0.64 in Q4 2020. Full-year net income was $71.3 million, down from $73.4 million in 2019. The net interest margin increased to 3.50%, with total assets rising to $7.6 billion. The Board reinstated a share repurchase program and declared a $0.09 dividend per share. The loan loss provision for Q4 stood at $5.0 million, consistent with previous quarters.
ConnectOne Bancorp (Nasdaq: CNOB) plans to announce its fourth quarter results for the period ending December 31, 2020, on January 28, 2021, before market opening. A conference call hosted by CEO Frank Sorrentino III and CFO William S. Burns will take place at 10:00 a.m. ET on the same day to discuss financial performance and operating results. The public can access the audio webcast via their website. A replay will be available after the call until February 4, 2021.
ConnectOne Bancorp (Nasdaq: CNOB) announced key appointments at ConnectOne Bank, elevating Elizabeth Magennis to President and hiring Michael O’Malley as Executive Vice President and Chief Risk Officer, along with Siya Vansia as Senior Vice President and Chief Brand and Innovation Officer. CEO Frank Sorrentino praised the leadership team, emphasizing its role in supporting future growth through technology and fintech partnerships. The Bank also promoted nine employees to Senior Vice President, further reinforcing its commitment to a people-first culture aimed at enhancing market competitiveness.
ConnectOne Bancorp (Nasdaq: CNOB) reported a net income of $24.8 million for Q3 2020, up from $14.8 million in Q2 2020 and $21.7 million in Q3 2019. Diluted earnings per share rose to $0.62 from $0.37 in Q2 2020. Provisions for loan losses decreased to $5 million from $15 million in Q2, while noninterest expenses dropped to $26.5 million from $33.1 million. Total assets increased to $7.4 billion driven by a surge in loans and the acquisition of BNJ. A cash dividend of $0.09 per share was declared for December 1, 2020.
ConnectOne Bancorp, Inc. (NASDAQ: CNOB) has agreed to sell two leased branch offices in Orange County, NY, to Rhinebeck Bancorp, Inc. The transaction is expected to add over $50 million in deposits for Rhinebeck Bank, enhancing its presence in the region. The deal aligns with ConnectOne's strategy to streamline operations by focusing on banking hubs supported by digital tools. The acquisition is anticipated to close between late Q4 2020 and early Q1 2021, pending regulatory approvals. Financial terms of the deal remain undisclosed.
ConnectOne Bancorp, the parent company of ConnectOne Bank, plans to release its third-quarter financial results on October 29, 2020, before the market opens. Management, including CEO Frank Sorrentino III and CFO William S. Burns, will conduct a conference call at 10:00 a.m. ET on the same day to discuss these results. Investors can access the call by dialing 201-689-8471, access code 13711169, or listen via the company's website. A replay of the call will be available from 1:00 p.m. ET on October 29 until November 5, 2020.
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