ConnectOne Bancorp Inc
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
CNOB$33.02+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
| Accumulated | ||||||||
|---|---|---|---|---|---|---|---|---|
| Other · Total | ||||||||
| Additional Paid · Retained · Comprehensive · Stockholders’ | ||||||||
| Preferred Stock · Common Stock · In Capital · Earnings · Treasury Stock · Income (Loss) · Equity | ||||||||
| (in thousands, except share and per share data) | ||||||||
| Balance as of December 31, 2020 | $ | - | $586,946 | $23,887 | $331,951 | $(30,271) | $2,797 | $915,310 |
| Cumulative effect of change in accounting principle (see note 1b. “Authoritative Accounting Guidance Presentation”), net of tax | - | - | - | (2,925) | - | - | (2,925) | |
| Balance as of January 1, 2021, as adjusted for changes in accounting principle | - | 586,946 | 23,887 | 329,026 | (30,271) | 2,797 | 912,385 | |
| Net income | - | - | - | 130,353 | - | - | 130,353 | |
| Other comprehensive loss, net of tax | - | - | - | - | - | (4,201) | (4,201) | |
| Cash dividends declared on preferred stock ($0.371875 per share) | - | - | - | (1,717) | - | - | (1,717) | |
| Cash dividends declared on common stock ($0.48 per share) | - | - | - | (17,493) | - | - | (17,493) | |
| Exercise of stock options (14,247 shares) | - | - | 106 | - | - | - | 106 | |
| Restricted stock grants, net of forfeitures (44,836 shares) | - | - | - | - | - | - | - | |
| Stock grants (4,981 shares) | - | - | - | - | - | - | - | |
| Net shares issued in satisfaction of deferred stock units earned (14,711 shares) | - | - | - | - | - | - | - | |
| Net shares issued in satisfaction of performance units earned (34,458 shares) | - | - | - | - | - | - | - | |
| Share redemption for tax withholdings on performance units and deferred stock units earned | - | - | (1,283) | - | - | - | (1,283) | |
| Repurchase of stock (330,541 shares) | - | - | - | - | (9,401) | - | (9,401) | |
| Proceeds from preferred stock issuance, net of costs (115,000 shares) | 110,927 | - | - | - | - | - | 110,927 | |
| Stock-based compensation expense | - | - | 4,536 | - | - | - | 4,536 | |
| Balance as of December 31, 2021 | $110,927 | $586,946 | $27,246 | $440,169 | $(39,672) | $(1,404) | $1,124,212 | |
| Net income | - | - | - | 125,211 | - | - | 125,211 | |
| Other comprehensive loss, net of tax | - | - | - | - | - | (30,960) | (30,960) | |
| Cash dividends declared on preferred stock ($1.3125 per share) | - | - | - | (6,037) | - | - | (6,037) | |
| Cash dividends declared on common stock ($0.595 per share) | - | - | - | (23,428) | - | - | (23,428) | |
| Exercise of stock options (15,086 shares) | - | - | 124 | - | - | - | 124 | |
| Restricted stock grants, net of forfeitures (53,169 shares) | - | - | - | - | - | - | - | |
| Stock grants (153 shares) | - | - | - | - | - | - | - | |
| Net shares issued in satisfaction of deferred stock units earned (31,383 shares) | - | - | - | - | - | - | - | |
| Net shares issued in satisfaction of performance units earned (22,350 shares) | - | - | - | - | - | - | - | |
| Share redemption for tax withholdings on performance units and deferred stock units earned | - | - | (2,133) | - | - | - | (2,133) | |
| Repurchase of stock (447,108 shares) | - | - | - | - | (13,127) | - | (13,127) | |
| Stock-based compensation expense | - | - | 4,889 | - | - | - | 4,889 | |
| Balance as of December 31, 2022 | $110,927 | $586,946 | $30,126 | $535,915 | $(52,799) | $(32,364) | $1,178,751 | |
| Net income | - | - | - | 87,003 | - | - | 87,003 | |
| Other comprehensive loss, net of tax | - | - | - | - | - | (2,745) | (2,745) | |
| Cash dividends declared on preferred stock ($1.3125 per share) | - | - | - | (6,036) | - | - | (6,036) | |
| Cash dividends declared on common stock ($0.665 per share) | - | - | - | (25,912) | - | - | (25,912) | |
| Exercise of stock options (7,388 shares) | - | - | 96 | - | - | - | 96 | |
| Restricted stock grants, net of forfeitures (84,057 shares) | - | - | - | - | - | - | - | |
| Stock grants (995 shares) | - | - | - | - | - | - | - | |
| Net shares issued in satisfaction of deferred stock units earned (36,006 shares) | - | - | - | - | - | - | - | |
| Net shares issued in satisfaction of performance units earned (52,353 shares) | - | - | - | - | - | - | - | |
| Share redemption for tax withholdings on performance units and deferred stock units earned | - | - | (1,900) | - | - | - | (1,900) | |
| Repurchase of stock (904,152 shares, including 1% excise tax) | - | - | - | - | (17,497) | - | (17,497) | |
| Stock-based compensation expense | - | - | 4,860 | - | - | - | 4,860 | |
| Balance as of December 31, 2023 | $110,927 | $586,946 | $33,182 | $590,970 | $(70,296) | $(35,109) | $1,216,620 | |
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