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ConnectOne Bancorp Q1 Profit Rises, EPS Down

ConnectOne Bancorp, Inc. (CNOB: Quote) Friday reported first-quarter profit of $2.3 million, up from $1.7 million in the same period last year. On a per-share basis, earnings dropped to $0.56 from $0.62 last year.

Net-interest income improved to $9.38 million from $7.74 million last year. Non-interest income totaled $259 thousand, up from $245 thousand last year.

Provision for loan losses was $925 thousand, compared to $750 thousand last year.

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by RTT Staff Writer

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