Quarterly Financial Information of ConnectOne Bancorp, Inc. (Unaudited)

12 Months Ended

Dec. 31, 2021

Note 22 – Quarterly Financial Information of ConnectOne Bancorp, Inc. (unaudited)

	2021
	4th Quarter		3rd Quarter		2nd Quarter			1st Quarter
	(dollars in thousands, except per share data)
Total interest income	$	79,040	$	77,026	$	73,051		$	72,621
Total interest expense		8,579		8,781		10,042			11,458
Net interest income		70,461		68,245		63,009			61,163
Provision for credit losses		815		1,100		(1,649	)		(5,766	)
Total other income, net of securities gains		3,777		4,016		4,472			3,426
Other expenses		28,084		28,183		26,259			26,485
Income before income taxes		45,339		42,978		42,871			43,870
Income tax expense		12,301		10,881		10,652			10,871
Net income		33,038		32,097		32,219			32,999
Preferred dividends		1,717		-		-			-
Net income available to common stockholders	$	31,321	$	32,097	$	32,219		$	32,999
Earnings per share:
Basic	$	0.79	$	0.81	$	0.81		$	0.83
Diluted		0.79		0.80		0.81			0.82

	2020
	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter
	(dollars in thousands, except per share data)
Total interest income	$	75,588	$	77,221	$	78,677	$	76,714
Total interest expense		14,217		16,672		17,887		21,433
Net interest income		61,371		60,549		60,790		55,281
Provision for credit losses		5,000		5,000		15,000		16,000
Total other income, net of securities gains		3,442		3,483		4,621		2,854
Other expenses		26,402		26,478		33,063		35,058
Income before income taxes		33,411		32,554		17,348		7,077
Income tax expense		7,770		7,768		2,516		1,047
Net income	$	25,641	$	24,786	$	14,832	$	6,030
Earnings per share:
Basic	$	0.64	$	0.62	$	0.37	$	0.15
Diluted		0.64		0.62		0.37		0.15

Note: Due to rounding, quarterly earnings per share may not sum to reported annual earnings per share.