ConnectOne Bancorp Reports Q3 Non-GAAP EPS Beat Amid Revenue Miss
ConnectOne Bancorp (CNOB) reported third-quarter financial results featuring a Non-GAAP earnings per share (EPS) of $0.95, exceeding analyst expectations by $0.10. However, the company's revenue of $102.8 million fell short of estimates by $20.73 million, representing a 15.3% year-over-year decline. Despite the revenue miss, net interest income showed signs of growth. The fully taxable equivalent net interest income for the quarter reached $118.5 million, marking a 3.2% increase ($3.7 million) compared to the previous period.
Tickers: $CNOB