ConnectOne Bancorp Reports Strong Q4 Net Income
ENGLEWOOD CLIFFS, N.J. - ConnectOne Bancorp Inc. (CNOB) announced its fourth-quarter financial results on Thursday, showing a net income of $20.4 million.
Key highlights include:
* Earnings per share: $0.49 (adjusted for non-recurring costs: $0.52)
* Revenue: $131.8 million
* Net revenue after interest expense: $68.5 million, exceeding analyst estimates.
For the full year, ConnectOne Bancorp reported:
* Profit: $73.8 million
* Earnings per share: $1.76
* Revenue: $264.1 million
"ConnectOne Bancorp delivered solid financial performance in the fourth quarter and for the full year 2022," said CEO Frank Sorrentino. "Our ongoing focus on organic growth and expense management has contributed to our strong results."