Note 23 - Quarterly Financial Information of ConnectOne Bancorp, Inc. (Unaudited)

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Quarterly Financial Information [Text Block]

Note 23 – Quarterly Financial Information of ConnectOne Bancorp, Inc. (unaudited)

	2024
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
	(dollars in thousands, except per share data)
Total interest income	$	128,033	$	130,242	$	130,007	$	129,607
Total interest expense		63,322		69,355		68,568		69,307
Net interest income		64,711		60,887		61,439		60,300
Provision for credit losses		3,500		3,800		2,500		4,000
Total other income		3,744		4,737		4,399		3,848
Other expenses		38,498		38,641		37,594		37,065
Income before income taxes		26,457		23,183		25,744		23,083
Income tax expense		6,086		6,022		6,688		5,878
Net income		20,371		17,161		19,056		17,205
Preferred dividends		1,509		1,509		1,509		1,509
Net income available to common stockholders	$	18,862	$	15,652	$	17,547	$	15,696
Earnings per share:
Basic	$	0.49	$	0.41	$	0.46	$	0.41
Diluted		0.49		0.41		0.46		0.41

Note: Due to rounding, quarterly earnings per share for 2024 do not sum to reported annual earnings per share.

	2023
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
	(dollars in thousands, except per share data)
Total interest income	$	128,957	$	123,686	$	121,325	$	116,097
Total interest expense		67,135		61,329		57,482		49,013
Net interest income		61,822		62,357		63,843		67,084
Provision for credit losses		2,700		1,500		3,000		1,000
Total other income, net of securities gains		4,209		3,562		3,438		2,792
Other expenses		37,845		35,784		35,450		34,870
Income before income taxes		25,486		28,635		28,831		34,006
Income tax expense		6,213		7,228		7,437		9,077
Net income		19,273		21,407		21,394		24,929
Preferred dividends		1,509		1,509		1,509		1,509
Net income available to common stockholders	$	17,764	$	19,898	$	19,885	$	23,420
Earnings per share:
Basic	$	0.46	$	0.51	$	0.51	$	0.60
Diluted		0.46		0.51		0.51		0.59