ConnectOne Bancorp Earnings Reports

ConnectOne Bancorp delivered a robust performance in the third quarter of 2025, with net income available to common stockholders reaching $39.5 million and diluted EPS of $0.78. This significant improvement was largely attributed to a $30.2 million reduction in the provision for credit losses, a $23.1 million increase in net interest income, and a $14.2 million increase in noninterest income, partially offset by increased income tax expense. The company's net interest margin expanded to 3.11%, and credit quality remained solid with nonperforming assets at 0.28%.

ConnectOne Bancorp, Inc. reported a stable first quarter in 2025, with net income available to common stockholders at $18.7 million and diluted EPS at $0.49, essentially flat compared to the previous quarter. The company saw an increase in net interest income and a widening of its net interest margin, driven by lower deposit costs.

ConnectOne Bancorp reported a strong fourth quarter in 2024, with a significant increase in net income available to common stockholders, margin expansion, and growth in loans and core deposits. The company is also progressing with its merger with The First of Long Island Corporation.

ConnectOne Bancorp reported a net income available to common stockholders of $15.7 million for Q3 2024, a decrease from $17.5 million in the previous quarter and $19.9 million in the same quarter last year. The decrease was primarily due to increases in noninterest expenses and provision for credit losses.

ConnectOne Bancorp reported a solid second quarter with net income available to common stockholders of $17.5 million and diluted earnings per share of $0.46. The company saw sequential increases in pre-tax and pre-provision net revenue, net interest margin, and client deposit balances.

ConnectOne Bancorp reported a net income available to common stockholders of $15.7 million for Q1 2024, a decrease compared to both Q4 2023 ($17.8 million) and Q1 2023 ($23.4 million). Diluted earnings per share were $0.41, down from $0.46 in Q4 2023 and $0.59 in Q1 2023. The results reflect a challenging environment, with a focus on relationship banking and strategic balance sheet management.

ConnectOne Bancorp reported net income available to common stockholders of $17.8 million for Q4 2023, with diluted earnings per share of $0.46. The results were impacted by a $2.1 million FDIC special assessment and a decrease in net interest income.

ConnectOne Bancorp reported a net income available to common stockholders of $19.9 million for Q3 2023, which is the same as the previous quarter but lower than the $27.4 million reported in Q3 2022. The decrease in net income compared to the previous year was primarily due to a decrease in net interest income and an increase in noninterest expenses. However, the company's balance sheet remains solid, with a strong liquidity position and a tangible common equity ratio well above peer averages.

ConnectOne Bancorp reported a net income available to common stockholders of $19.9 million for the second quarter of 2023, with diluted earnings per share of $0.51. The decrease in net income was primarily due to a decrease in net interest income, an increase in provision for credit losses, and an increase in noninterest expenses.

ConnectOne Bancorp reported a net income available to common stockholders of $23.4 million for Q1 2023, with diluted earnings per share of $0.59. The results were impacted by a decrease in net interest income and an increase in noninterest expenses, though deposit inflows increased by $400 million.

ConnectOne Bancorp reported a net income available to common stockholders of $31.0 million for Q4 2022, with diluted earnings per share of $0.79. The company experienced solid organic growth and maintained best-in-class efficiency, with a return on assets of 1.36% and a return on tangible common equity of 14.8%. The loan portfolio increased 19% year-over-year and deposits grew 16%.

ConnectOne Bancorp reported a net income available to common stockholders of $27.4 million for Q3 2022, with diluted earnings per share of $0.70. The results reflect continued execution and dedication to relationship banking, with record pre-tax, pre-provision earnings and a robust net interest margin of 3.68%.

ConnectOne Bancorp reported a net income available to common stockholders of $30.8 million and diluted earnings per share of $0.78 for the second quarter of 2022. The company saw an increase in net interest income and noninterest income, offset by increases in provision for credit losses, noninterest expenses, and income tax expense.

ConnectOne Bancorp reported a net income available to common stockholders of $29.9 million for Q1 2022, with diluted earnings per share of $0.75. The company saw strong organic loan growth and deposit growth, and tangible book value per share increased by 2.0% to $20.51.

ConnectOne Bancorp reported a net income available to common stockholders of $31.3 million for Q4 2021, with diluted earnings per share of $0.79. The company experienced growth in loans and noninterest-bearing deposits, contributing to a strong financial performance.

ConnectOne Bancorp reported a net income of $32.1 million for Q3 2021, with diluted earnings per share of $0.80. The company saw growth in net revenue and core loans, with a widened net interest margin for the eighth consecutive quarter. The board declared an 18% increase in the quarterly common dividend and authorized the repurchase of up to 2 million additional common shares.

ConnectOne Bancorp reported a net income of $32.2 million for the second quarter of 2021, with diluted earnings per share of $0.81. The company experienced strong loan growth and continued net interest margin expansion.

ConnectOne Bancorp reported a net income of $33.0 million for Q1 2021, a significant increase compared to $25.6 million in Q4 2020 and $6.0 million in Q1 2020. The diluted earnings per share were $0.82, up from $0.64 in the previous quarter and $0.15 in the same quarter last year. The increase in net income and diluted earnings per share from the fourth quarter of 2020 was primarily due to a $5.8 million recapture of credit loss reserves in the current quarter reflecting the impact of the improved economic outlook on the current expected credit losses (“CECL”) accounting estimate, compared with a $5.0 million provision in the fourth quarter of 2020.

ConnectOne Bancorp reported a strong finish to the year with record pretax, pre-provision earnings and an improved efficiency ratio. The company's net interest margin widened for the fourth consecutive quarter, and it saw a decrease in COVID-19 related deferrals.

ConnectOne Bancorp reported a net income of $24.8 million and diluted earnings per share of $0.62 for the third quarter of 2020. The company's performance reflects a continued widening of the net interest margin and an efficiency ratio of 40%.

ConnectOne Bancorp reported a strong second quarter with net income of $14.8 million and earnings per share of $0.37. The company's performance was driven by increases in net interest income and noninterest income, as well as decreases in noninterest expenses and provision for loan losses. The company also saw an increase in tangible book value per share.

ConnectOne Bancorp reported a net income of $6.0 million for Q1 2020, a decrease compared to $20.8 million in Q4 2019 and $11.6 million in Q1 2019. The decrease was primarily due to an increase in provision for loan losses of $15.5 million related to COVID-19. The acquisition of Bancorp of New Jersey was completed on January 2, 2020, and the results reflect the operations of the combined entity.

ConnectOne Bancorp reported a strong fourth quarter and year-end for 2019, marked by record earnings, strong deposit and loan growth, and solid credit quality. The company also completed the acquisition of Bancorp of New Jersey, enhancing its franchise and growth opportunities.