NASDAQ$CNOB
ConnectOne Bancorp Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported a solid operating performance driven by a strong franchise and continued execution on strategic priorities.
ConnectOne Bancorp reported a net income of $24.8 million and diluted earnings per share of $0.62 for the third quarter of 2020. The company's performance reflects a continued widening of the net interest margin and an efficiency ratio of 40%.
- Net income was $24.8 million for the third quarter of 2020, compared to $14.8 million for the second quarter of 2020 and $21.7 million for the third quarter of 2019.
- Diluted earnings per share were $0.62 in the third quarter of 2020, compared to $0.37 in the second quarter of 2020 and $0.61 in the third quarter of 2019.
- Fully taxable equivalent net interest income for the third quarter of 2020 was $61.0 million, a decrease of $0.2 million, or 0.4%, from the second quarter of 2020.
- The provision for loan losses was $5.0 million for the third quarter of 2020, $15.0 million for the second quarter of 2020 and $2.0 million for the third quarter of 2019.
Headline financials
Revenue & EPS history
ConnectOne Bancorp · Revenue · Quarterly
$64M
Forward guidance
While facing uncertainty, ConnectOne feels strongly about the strength and direction of the Company and is focused on long-term sustainable growth, operating in a disciplined manner, and further utilizing technology to remain one of the most efficient banks in the nation.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+0.3%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+3.3%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+8.7%
Q1 2010
Best reaction
-12.5%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.7% | +6.2% | +6.2% | |
| Q4 2025 | -0.9% | -1.1% | -4.7% | |
| Q3 2025 | +0.2% | +1.0% | +5.9% | |
| Q1 2025 | +2.0% | +1.7% | +2.0% | |
| Q4 2024 | +5.2% | +10.2% | +7.1% | |
| Q3 2024 | -4.9% | -3.5% | +9.4% | |
| Q2 2024 | +7.2% | +4.6% | +8.9% | |
| Q1 2024 | -7.2% | -9.2% | +2.5% | |
| Q4 2023 | -1.8% | +1.0% | -14.7% | |
| Q3 2023 | -3.1% | +0.4% | +18.1% | |
| Q2 2023 | +1.7% | +3.9% | -6.0% | |
| Q1 2023 | +0.4% | -6.7% | -11.3% | |
| Q4 2022 | -9.3% | -2.7% | +0.2% | |
| Q3 2022 | +0.2% | -0.5% | +6.2% | |
| Q2 2022 | +5.2% | +7.6% | +4.0% | |
| Q1 2022 | -2.0% | -1.2% | -4.0% | |
| Q4 2021 | -3.0% | -5.3% | -3.9% | |
| Q3 2021 | +6.6% | +7.4% | +4.8% | |
| Q2 2021 | +2.0% | +2.4% | +14.2% | |
| Q1 2021 | +0.7% | +4.0% | +2.7% | |
| Q4 2020 | +7.4% | +13.9% | +17.4% | |
| Q3 2020 | +2.9% | +8.9% | +22.9% | |
| Q2 2020 | -1.7% | -1.0% | +9.3% | |
| Q1 2020 | -12.5% | -13.0% | -10.2% | |
| Q4 2019 | -1.7% | -3.6% | -7.3% | |
| Q3 2019 | +6.6% | +8.6% | +9.9% | |
| Q2 2019 | -1.6% | -1.6% | -13.4% | |
| Q1 2019 | +3.8% | +5.1% | +5.0% | |
| Q4 2018 | +0.1% | -0.4% | +8.7% | |
| Q3 2018 | +3.3% | +6.9% | +3.8% | |
| Q2 2018 | +1.0% | +0.6% | +3.2% | |
| Q1 2018 | -6.5% | -10.3% | -8.4% | |
| Q4 2017 | +2.1% | +3.6% | +4.3% | |
| Q3 2017 | +7.8% | +6.8% | +5.2% | |
| Q2 2017 | -0.9% | +0.7% | +0.0% | |
| Q1 2017 | -9.0% | -7.2% | -10.2% | |
| Q4 2016 | +0.2% | -4.3% | -0.8% | |
| Q3 2016 | +2.5% | +1.9% | +34.3% | |
| Q2 2016 | +7.1% | +8.0% | +8.2% | |
| Q1 2016 | +1.9% | — | — | |
| Q4 2015 | -1.1% | — | — | |
| Q3 2015 | +1.7% | — | — | |
| Q2 2015 | -1.6% | — | — | |
| Q1 2015 | -1.1% | — | — | |
| Q4 2014 | +0.8% | — | — | |
| Q3 2014 | -0.1% | — | — | |
| Q2 2014 | -4.5% | — | — | |
| Q1 2014 | -1.7% | — | — | |
| Q4 2013 | +8.0% | — | — | |
| Q3 2013 | +1.2% | — | — | |
| Q2 2013 | +1.3% | — | — | |
| Q1 2013 | -1.9% | — | — | |
| Q4 2012 | +0.4% | — | — | |
| Q3 2012 | +1.1% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2009 | +1.9% | — | — | |
| Q4 2011 | +1.9% | — | — | |
| Q3 2010 | -5.5% | — | — | |
| Q3 2011 | -5.5% | — | — | |
| Q4 2010 | -0.1% | — | — | |
| Q2 2011 | -0.1% | — | — | |
| Q2 2010 | -0.1% | — | — | |
| Q1 2010 | +8.7% | — | — |
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