U.S. Markets open in 3 hrs

ConnectOne: 1Q Earnings Snapshot

ENGLEWOOD CLIFFS, N.J. (AP) _ ConnectOne Bancorp Inc. (CNOB) on Thursday reported first-quarter profit of $11.6 million.

The Englewood Cliffs, New Jersey-based bank said it had earnings of 33 cents per share. Earnings, adjusted for one-time gains and costs, came to 49 cents per share.

The holding company for ConnectOne Bank posted revenue of $66.9 million in the period. Its revenue net of interest expense was $46.7 million, which beat Street forecasts.

ConnectOne shares have increased 12 percent since the beginning of the year. The stock has declined 29 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNOB at https://www.zacks.com/ap/CNOB