ConnectOne: 2Q Earnings Snapshot
ENGLEWOOD CLIFFS, N.J. (AP) _ ConnectOne Bancorp Inc. (CNOB) on Thursday reported second-quarter profit of $19.3 million.
The Englewood Cliffs, New Jersey-based bank said it had earnings of 54 cents per share. Earnings, adjusted for non-recurring costs, came to 57 cents per share.
The holding company for ConnectOne Bank posted revenue of $69.8 million in the period. Its revenue net of interest expense was $47.5 million, missing Street forecasts.
ConnectOne shares have increased 26% since the beginning of the year. The stock has decreased nearly 8% in the last 12 months.