logo
ConnectOne: Q4 Earnings Snapshot

ConnectOne: Q4 Earnings Snapshot

Washington Post30-01-2025

ENGLEWOOD CLIFFS, N.J. — ENGLEWOOD CLIFFS, N.J. — ConnectOne Bancorp Inc. (CNOB) on Thursday reported net income of $20.4 million in its fourth quarter.
The Englewood Cliffs, New Jersey-based bank said it had earnings of 49 cents per share. Earnings, adjusted for non-recurring costs, were 52 cents per share.
The holding company for ConnectOne Bank posted revenue of $131.8 million in the period. Its revenue net of interest expense was $68.5 million, which beat Street forecasts.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Pringles maker Kellanova's shares rise after US regulators approve its proposed merger with Mars
Pringles maker Kellanova's shares rise after US regulators approve its proposed merger with Mars

San Francisco Chronicle​

time26 minutes ago

  • San Francisco Chronicle​

Pringles maker Kellanova's shares rise after US regulators approve its proposed merger with Mars

Snack maker Kellanova's shares rose Thursday on news that its proposed merger with Mars Inc. had cleared U.S. regulators. The U.S. Federal Trade Commission announced late Wednesday that after nearly a year of investigation, it determined that a merger between Mars and Kellanova wouldn't threaten competition in the market. Kellanova shares were up nearly 1% in morning trading. Mars is privately held. McLean, Virginia-based Mars makes sweet snacks like M&M's, Snickers and Skittles as well as Ben's Original rice and pet food. Chicago-based Kellanova, which was created in 2023 when the Kellogg Co. split into two companies, owns brands including Cheez-its, Pringles, Eggo, Town House, MorningStar Farms and Rice Krispies Treats. Last August, Mars announced its intention to buy Kellanova for $35.9 billion. It said the deal would help it broaden its snacking portfolio and expand globally. Around 50% of Kellanova's net sales come from outside the U.S. and Canada. Mars President and CEO Poul Weihrauch said that with the FTC's decision, the proposed merger has now cleared all but one of the 28 regulatory approvals it sought. An antitrust review by the European Commission remains outstanding. 'This brings us one step closer to uniting two iconic businesses with complementary footprints and portfolios, allowing us to deliver more choice and innovation to consumers,' Weihrauch said in a statement. Mars and Kellanova said they expect the deal to close towards the end of this year, pending the European review.

Chicago Tribune offers buyouts to union newsroom employees
Chicago Tribune offers buyouts to union newsroom employees

Chicago Tribune

timean hour ago

  • Chicago Tribune

Chicago Tribune offers buyouts to union newsroom employees

Joining the growing ranks of downsizing news organizations across the country, the Chicago Tribune offered a buyout to its union newsroom employees Thursday, the first since days after the newspaper was purchased by hedge fund Alden Global Capital in 2021. The voluntary separation plan provides up to 12 weeks of pay for employees who have been with the newspaper for up to 12 years, with a maximum of 21 weeks of severance for longer-tenured employees. Tribune newsroom employees have until July 7 to apply for the buyout. If accepted, their last day with the newspaper will be July 11. Chicago-based Tribune Publishing declined to comment on the buyout offer. The Chicago Tribune Guild formed seven years ago and ratified its first labor agreement in November. It represents 77 journalists at the city's largest daily newspaper. It is the first newsroom buyout offer at the Chicago Tribune in four years, when Alden's acquisition prompted a voluntary exodus. In May 2021, the New York-based hedge fund purchased the Tribune Publishing chain for $633 million. More than 40 Chicago Tribune journalists, including many high-profile reporters and editors, accepted a voluntary buyout offered by Alden two days after the acquisition. With the acquisition of Tribune Publishing, New York-based Alden became the second-largest newspaper owner in the U.S. behind Gannett. Alden also owns MediaNews Group, whose larger newspapers include the Denver Post, San Jose (California) Mercury News and the St. Paul (Minnesota) Pioneer Press. The Tribune newsroom buyout offer Thursday follows broader trends that have seen dramatically reduced employment at local newspapers across the U.S. in the post-millennium digital media landscape. Since 2005, more than 266,000 newspaper jobs have been eliminated, a 73% decline, according to the 2024 State of Local News report by Northwestern's Medill School of Journalism. The total includes the loss of more than 45,000 newsroom jobs, a 60% reduction over the past two decades, according to the study. In March, more than a fifth of the employees at the Chicago Sun-Times took a buyout, including 23 reporters and editors, heading off potential layoffs in a sweeping cost-cutting initiative by nonprofit owner Chicago Public Media. rchannick@

Beloved Restaurant Chain Back After Almost Disappearing 3 Decades Ago
Beloved Restaurant Chain Back After Almost Disappearing 3 Decades Ago

Yahoo

timean hour ago

  • Yahoo

Beloved Restaurant Chain Back After Almost Disappearing 3 Decades Ago

In its heyday, the Roy Rogers chain of restaurants had almost 600 locations across the U.S. Now the chain is regaining a foothold it once lost. Roy Rogers Restaurants "is officially opening its newest location in Cherry Hill, New Jersey, on June 25," a press release from the company says. "This restaurant is the chain's first return to the Southern New Jersey and Philadelphia markets since the 1990s, marking an exciting new era for the brand." The Roy Rogers chain of restaurants "were popular in the 1960s, '70s and '80s. There were many of these restaurants in the South Jersey area," the release, posted to Business Wire, says. "The first Roy Rogers opened in 1968 in Falls Church, Virginia. Decades ago there was one in Willingboro at the old Willingboro Plaza, which is now the Willingboro Town Center." The company added: "The chain, primarily located in the Northeast of the U.S., now has approximately 40 locations in five states, including 22 in Maryland and eight in Virginia, but at its height had more than 600 locations." ABC 6 reported that many customers regard the chain in a nostalgic sense. Some customers were so excited that they arrived shortly after midnight for the 10 a.m. opening, the television station reported. The chain advertised a "free food for a year deal" for the first 50 customers, ABC 6 reported. The winners will receive "one regular combo per week for a year in their mobile app," the television station reported. The new restaurant is located at 614 Haddonfield Road in Cherry Hill, NJ. 'The feedback from the Cherry Hill community since we announced this new restaurant has been overwhelmingly positive, and we have been working hard to make this opening a grand success,' said Jim Plamondon, co-president of Roy Rogers Restaurants, in the release. 'We are excited to make this long-anticipated return, and Cherry Hill allows us to serve a growing, diverse community and introduce a new generation to the quality and variety that makes Roy Rogers a cut above.'Beloved Restaurant Chain Back After Almost Disappearing 3 Decades Ago first appeared on Men's Journal on Jun 26, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store