ConnectOne Bancorp, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2018
January 24, 2019 at 05:30 pm IST
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ConnectOne Bancorp, Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total interest income of $57,223,000 against $50,211,000 a year ago. Net interest income was $40,161,000 against $39,808,000 a year ago. Net income was $18,672,000 against $10,580,000 a year ago. Basic earnings per share was $0.58 against $0.33 a year ago.
For the full year, the company reported total interest income of $216,133,000 against $181,324,000 a year ago. Net interest income was $157,215,000 against $145,069,000 a year ago. Net income was $60,352,000 against $43,220,000 a year ago. Basic earnings per share was $1.87 against $1.35 a year ago. Diluted earnings per share was $1.86 against $1.34 a year ago
For the fourth quarter ended December 31, 2018, the company announced net loan charge-offs of $895,000.
ConnectOne Bancorp, Inc. is a financial services company. It operates through its bank subsidiary, ConnectOne Bank. ConnectOne Bank is a commercial bank offering a full suite of deposit and loan products and services to the general public, primarily to small and mid-sized businesses, local professionals and individuals residing, working and conducting business in the New York Metropolitan area and the South Florida market served by its West Palm Beach office. Its products and services include personal and business checking accounts, money market accounts, time and savings accounts, credit cards, wire transfers, safe deposit boxes, access to automated teller services and telephone, Internet and mobile banking. It also offers consumer and commercial business loans on a secured and unsecured basis, revolving lines of credit, commercial mortgage loans, and residential mortgages on both primary and secondary residences, home equity loans, bridge loans and other personal purpose loans.
ConnectOne Bancorp, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2018
CONNECTONE BANCORP, INC. 
