NasdaqGS:CNOBBanks
How Investors Are Reacting To ConnectOne Bancorp (CNOB) Net Loss and Maintained Dividend Amid Rising Charge-Offs
ConnectOne Bancorp, Inc. recently reported second quarter results, showing net interest income of US$78.88 million but recording a net loss of US$20.29 million, alongside higher net loan charge-offs of US$4.92 million compared to the same period last year.
Despite these credit challenges, the company affirmed its quarterly dividends on both common and preferred shares, signaling a continued commitment to capital returns for shareholders.
We'll examine how the recent shift to a net loss and...