logo
Share SHARE
FONT-SIZE Plus   Neg

ConnectOne Bancorp Q1 Profit Rises, EPS Down

ConnectOne Bancorp, Inc. (CNOB) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Advanced Disposal Services Inc. joins the growing list of companies to postpone their initial public offering amid the volatility in stock markets. Breakfast and snack food giant Kellogg Co. on Thursday reported a loss for the fourth quarter that narrowed from last year as lower revenues were more than offset by a decline in costs and expenses. Adjusted earnings per share for the quarter topped analysts' estimates, while revenue fell short of expectations. Looking ahead, the company affirmed its financial outlook for fiscal 2016. French telecom equipment maker Alcatel-Lucent, which is being acquired by Finnish network equipment maker Nokia Corp., reported higher profit in its fourth quarter with strong revenue growth. All segments, mainly Next-generation technologies, and all regions, including North America and Asia, recorded higher revenues. The company also announced the successful completion of the Shift Plan.
comments powered by Disqus
Follow RTT