ConnectOne Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 25, 2024 at 07:00 am EST
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ConnectOne Bancorp, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 61.82 million compared to USD 78.01 million a year ago. Net income was USD 19.27 million compared to USD 32.56 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.79 a year ago. Diluted earnings per share from continuing operations was USD 0.46 compared to USD 0.79 a year ago.
For the full year, net interest income was USD 255.11 million compared to USD 302.12 million a year ago. Net income was USD 87 million compared to USD 125.21 million a year ago. Basic earnings per share from continuing operations was USD 2.08 compared to USD 3.03 a year ago. Diluted earnings per share from continuing operations was USD 2.07 compared to USD 3.01 a year ago.
ConnectOne Bancorp, Inc. is a financial services company. It operates through its bank subsidiary, ConnectOne Bank. ConnectOne Bank is a commercial bank offering a full suite of deposit and loan products and services to the general public, primarily to small and mid-sized businesses, local professionals and individuals residing, working and conducting business in the New York Metropolitan area and the South Florida market served by its West Palm Beach office. Its products and services include personal and business checking accounts, money market accounts, time and savings accounts, credit cards, wire transfers, safe deposit boxes, access to automated teller services and telephone, Internet and mobile banking. It also offers consumer and commercial business loans on a secured and unsecured basis, revolving lines of credit, commercial mortgage loans, and residential mortgages on both primary and secondary residences, home equity loans, bridge loans and other personal purpose loans.
CONNECTONE BANCORP, INC. 
