Jul. 25 at 11:11 AM
$CNOB ConnectOne Bancorp reports Q2 EPS 46c, consensus 41c
The Company's total assets were
$9.724 billion as of June 30, 2024, compared to
$9.856 billion as of December 31, 2023. Loans receivable were
$8.158 billion as of June 30, 2024 and
$8.345 billion as of December 31, 2023. Total deposits were
$7.576 billion as of June 30, 2024 and
$7.536 billion as of December 31, 2023. Frank Sorrentino, ConnectOne's Chairman and Chief Executive Officer stated, "Reflecting a commitment to our relationship-banking business model, ConnectOne's second quarter performance was solid and, we believe, is in the early stages of an upswing. Pre-tax and pre-provision net revenue increased sequentially by an annualized 17%, our net interest margin widened by 8 basis points, and both our loan to deposit and CRE concentration ratios improved."
