ConnectOne Bancorp Inc

For the period ended Dec 31, 2023. Filed Feb 23, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 23, 2024

CNOB$32.82-0.6%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Comprehensive Income

	Years Ended December 31,
	2023	2022	2021
(dollars in thousands)
Net income	$87,003	$125,211	$130,353
Other comprehensive income:
Unrealized gains and losses:
Unrealized holding gains (losses) on available-for-sale securities arising during the period	5,715	(86,240)	(11,109)
Tax effect	(1,775)	24,949	2,914
Net of tax	3,940	(61,291)	(8,195)
Reclassification adjustment for realized gains included in net income	-	-	(195)
Tax effect	-	-	48
Net of tax	-	-	(147)
Unrealized gains on cash flow hedges	9,431	46,181	3,593
Tax effect	(2,837)	(13,960)	(1,012)
Net of tax	6,594	32,221	2,581
Reclassification adjustment for (gains) losses arising during this period	(20,230)	(3,243)	1,873
Tax effect	6,086	976	(528)
Net of tax	(14,144)	(2,267)	1,345
Unrealized pension plan gains:
Unrealized pension plan gains before reclassifications	941	343	-
Tax effect	(283)	(12)	-
Net of tax	658	331	-
Reclassification adjustment for realized losses included in net income	296	66	299
Tax effect	(89)	(20)	(84)
Net of tax	207	46	215
Total other comprehensive loss	(2,745)	(30,960)	(4,201)
Total comprehensive income	$84,258	$94,251	$126,152

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.