ConnectOne Bancorp, Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total interest income of $41,499,000 against $37,230,000 a year ago. Loss before income tax expense was $5,472,000 against income before income tax expense of $14,185,000 a year ago. Net loss available to common stockholders was $2,024,000 or $0.07 loss per basic and diluted share against net income available to common stockholders of $9,540,000 or $0.31 per basic and diluted share a year ago.

For the full year, the company reported total interest income of $161,241,000 against $140,967,000 a year ago. Income before income tax expense was $42,858,000 against income before income tax expense of $61,237,000 a year ago. Net income available to common stockholders was $31,060,000 or $1.01 loss per basic and diluted share against net income available to common stockholders of $41,199,000 or $0.36 per basic and diluted share a year ago.

The company currently expects an effective corporate income tax rate of approximately 32% for 2017.