NASDAQ : CNOB
ConnectOne Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 32.11 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.61B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 694.51M | 581.14M | 477.86M | 453.99M | 352.99M | 293.55M |
| Interest Income on Investments | 69.28M | 63.73M | 40.03M | 36.07M | 20.75M | 8.19M |
| Total Interest Income | 763.78M | 644.87M | 517.89M | 490.06M | 373.75M | 301.74M |
| Interest Paid on Deposits | 278.21M | 260.29M | 244.85M | 206.18M | 50.56M | 24.77M |
| Interest Paid on Borrowings | 39.24M | 31.32M | 25.71M | 28.78M | 21.07M | 14.09M |
| Total Interest Expense | 317.45M | 291.62M | 270.55M | 234.96M | 71.63M | 38.86M |
| Net Interest Income | 446.34M | 353.25M | 247.34M | 255.11M | 302.12M | 262.88M |
| Gain (Loss) on Sale of Assets | 674.00K | |||||
| Gain (Loss) on Sale of Investments | -874.00K | 1.70M | 2.00K | -117.00K | -1.52M | -178.00K |
| Other Non-Interest Income | 6.44M | 13.05M | 7.14M | 6.32M | 5.60M | 4.77M |
| Total Non-Interest Income | -363.00K | 28.46M | 16.73M | 14.00M | 13.24M | 15.69M |
| Revenues Before Loan Losses | 445.97M | 381.71M | 264.06M | 269.11M | 315.36M | 278.57M |
| Provision for Loan Losses | 20.80M | 47.00M | 13.80M | 8.20M | 17.75M | -5.50M |
| Revenue | 425.17M | 334.71M | 250.26M | 260.91M | 297.61M | 284.07M |
| Salaries and Employee Benefits | 123.79M | 106.78M | 85.48M | 83.36M | 75.83M | 59.54M |
| Occupancy Expenses | 15.90M | 11.35M | 11.62M | 10.88M | 9.87M | 11.64M |
| Federal Deposit Insurance | 7.60M | 8.60M | 7.20M | 8.37M | 2.88M | 2.67M |
| Amortization of Goodwill & Intangibles | 11.73M | 7.92M | 1.24M | 1.44M | 1.69M | 1.98M |
| Selling, General & Administrative | 47.56M | 43.83M | 33.01M | 28.71M | 25.74M | 25.41M |
| Other Non-Interest Expense | 15.01M | 13.04M | 11.17M | 11.19M | 8.87M | 7.78M |
| Total Non-Interest Expense | 221.59M | 191.52M | 149.72M | 143.95M | 124.87M | 109.01M |
| EBT Excluding Unusual Items | 203.58M | 143.19M | 100.55M | 116.96M | 172.74M | 175.06M |
| Other Unusual Items | 6.93M | 6.61M | -1.52M | |||
| Pretax Income | 206.18M | 112.74M | 98.47M | 116.96M | 171.22M | 175.06M |
| Income Tax Expense | 55.77M | 32.30M | 24.67M | 29.95M | 46.01M | 44.70M |
| Net Income | 150.41M | 80.44M | 73.79M | 87.00M | 125.21M | 130.35M |
| Preferred Dividends & Other Adjustments | 6.21M | 6.21M | 6.22M | 6.25M | 6.32M | 2.03M |
| Net Income to Common | 144.19M | 74.23M | 67.57M | 80.75M | 118.89M | 128.32M |
| Basic Shares Outstanding | 49.94M | 45.20M | 38.27M | 38.81M | 39.26M | 39.63M |
| Diluted Shares Outstanding | 50.51M | 45.41M | 38.48M | 38.96M | 39.48M | 39.89M |
| EPS (Basic) | 2.89 | 1.64 | 1.77 | 2.08 | 3.03 | 3.24 |
| EPS (Diluted) | 2.85 | 1.63 | 1.76 | 2.07 | 3.01 | 3.22 |
| Dividend Per Share | 0.77 | 0.72 | 0.72 | 0.68 | 0.62 | 0.48 |
| Effective Tax Rate | 27.05% | 28.65% | 25.06% | 25.61% | 26.87% | 25.54% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 313.35M | 380.89M | 356.49M | 242.71M | 268.31M | 265.54M |
| Investment Securities | 1.35B | 636.11M | 233.21M | 202.97M | 212.01M | 221.74M |
| Trading Asset Securities | 15.60M | 37.40M | 43.80M | 56.80M | 3.35M | |
| Mortgage-Backed Securities | 634.11M | 399.73M | 432.75M | 438.68M | 326.56M | |
| Total Investments | 1.35B | 1.29B | 670.34M | 679.53M | 707.49M | 551.65M |
| Gross Loans | 11.44B | 11.46B | 8.28B | 8.35B | 8.11B | 6.84B |
| Allowance for Loan Losses | -120.62M | -154.31M | -82.69M | -81.97M | -90.51M | -78.77M |
| Other Adjustments to Gross Loans | -3.11M | -4.28M | -5.67M | -6.70M | -9.47M | -9.73M |
| Net Loans | 11.31B | 11.30B | 8.19B | 8.26B | 8.01B | 6.75B |
| Property, Plant & Equipment | 78.58M | 84.89M | 42.94M | 42.79M | 37.98M | 40.05M |
| Goodwill | 220.24M | 220.24M | 208.37M | 208.37M | 208.37M | 208.37M |
| Other Intangible Assets | 51.39M | 59.92M | 4.64M | 5.87M | 7.31M | 9.00M |
| Loans Held for Sale | 678.88M | 391.00K | 743.00K | 13.77M | 250.00K | |
| Accrued Interest Receivable | 66.66M | 60.76M | 45.50M | 49.11M | 46.06M | 34.15M |
| Other Real Estate Owned & Foreclosed | 264.00K | |||||
| Other Long-Term Assets | 711.97M | 610.81M | 358.46M | 364.05M | 346.20M | 270.63M |
| Total Assets | 14.78B | 14.00B | 9.88B | 9.86B | 9.64B | 8.13B |
| Interest Bearing Deposits | 9.30B | 7.87B | 5.67B | 6.28B | 5.26B | 4.47B |
| Institutional Deposits | 948.88M | 731.00M | 591.78M | 250.52M | ||
| Non-Interest Bearing Deposits | 2.48B | 2.42B | 1.42B | 1.26B | 1.50B | 1.62B |
| Total Deposits | 11.78B | 11.24B | 7.82B | 7.54B | 7.36B | 6.33B |
| Short-Term Borrowings | 229.00K | |||||
| Current Portion of Long-Term Debt | 878.05M | 660.53M | 881.00M | 830.00M | 390.55M | |
| Current Portion of Leases | 6.22M | |||||
| Federal Home Loan Bank Debt, Long-Term | 1.07B | 25.44M | 27.54M | 52.58M | 27.62M | 77.64M |
| Long-Term Leases | 32.81M | 27.25M | 15.50M | 13.17M | 11.40M | 12.42M |
| Trust Preferred Securities | 202.42M | 201.86M | 79.94M | 79.44M | 153.25M | 152.95M |
| Other Long-Term Liabilities | 94.14M | 49.69M | 34.28M | 76.59M | 87.30M | 38.75M |
| Total Liabilities | 13.18B | 12.43B | 8.64B | 8.64B | 8.47B | 7.01B |
| Preferred Stock, Non-Redeemable | 110.93M | 110.93M | 110.93M | 110.93M | 110.93M | 110.93M |
| Total Preferred Equity | 110.93M | 110.93M | 110.93M | 110.93M | 110.93M | 110.93M |
| Common Stock | 857.76M | 857.76M | 586.95M | 586.95M | 586.95M | 586.95M |
| Additional Paid-In Capital | 41.33M | 38.76M | 36.35M | 33.18M | 30.13M | 27.25M |
| Retained Earnings | 751.58M | 673.90M | 631.45M | 590.97M | 535.91M | 440.17M |
| Treasury Stock | -80.14M | -76.12M | -76.12M | -70.30M | -52.80M | -39.67M |
| Comprehensive Income & Other | -82.86M | -31.90M | -47.85M | -35.11M | -32.36M | -1.40M |
| Total Common Equity | 1.49B | 1.46B | 1.13B | 1.11B | 1.07B | 1.01B |
| Shareholders' Equity | 1.60B | 1.57B | 1.24B | 1.22B | 1.18B | 1.12B |
| Total Liabilities & Equity | 14.78B | 14.00B | 9.88B | 9.86B | 9.64B | 8.13B |
| Total Debt | 1.31B | 1.14B | 783.51M | 1.03B | 1.02B | 633.56M |
| Net Cash (Debt) | -994.28M | -742.56M | -389.62M | -739.67M | -697.16M | -364.53M |
| Net Cash Per Share | -19.68 | -16.35 | -10.12 | -18.98 | -17.66 | -9.14 |
| Filing Date Shares Outstanding | 50.16M | 50.16M | 38.26M | 38.29M | 39.07M | 39.52M |
| Total Common Shares Outstanding | 50.16M | 50.16M | 38.26M | 38.40M | 39.16M | 39.49M |
| Book Value Per Share | 29.66 | 29.15 | 29.56 | 28.79 | 27.27 | 25.66 |
| Tangible Book Value | 1.22B | 1.18B | 917.77M | 891.45M | 852.14M | 795.92M |
| Tangible Book Value Per Share | 24.25 | 23.57 | 23.99 | 23.21 | 21.76 | 20.16 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 80.44M | 73.79M | 87.00M | 125.21M | 130.35M | |
| Depreciation & Amortization | 14.01M | 5.66M | 5.94M | 5.55M | 5.74M | |
| Other Amortization | 645.00K | 505.00K | 1.18M | 304.00K | 303.00K | |
| Gain (Loss) on Sale of Assets | 1.27M | 477.00K | 22.00K | 28.00K | -627.00K | |
| Gain (Loss) on Sale of Investments | -2.45M | 791.00K | 1.15M | 3.68M | 6.14M | |
| Total Asset Writedown | -49.00K | -49.00K | -49.00K | -73.00K | ||
| Provision for Credit Losses | 47.00M | 13.80M | 8.20M | 17.75M | -5.50M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 2.35M | 1.98M | 10.49M | 7.21M | 20.56M | |
| Accrued Interest Receivable | -1.33M | 3.61M | -3.05M | -11.91M | 1.17M | |
| Change in Other Net Operating Assets | -13.11M | -38.72M | -23.13M | 30.13M | 51.07M | |
| Other Operating Activities | -1.19M | -2.11M | 3.88M | -1.14M | -2.24M | |
| Operating Cash Flow | 106.40M | 60.70M | 92.89M | 176.78M | 202.27M | |
| Capital Expenditures | -5.39M | -3.79M | -7.43M | -3.30M | -2.78M | |
| Sale of Property, Plant and Equipment | 1.27M | 697.00K | 113.00K | |||
| Cash Acquisitions | 54.87M | |||||
| Investment in Securities | 313.00K | -12.39M | 19.54M | -192.31M | -64.41M | |
| Divestitures | 974.00K | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -246.23M | 57.94M | -255.53M | -1.29B | -596.35M | |
| Other Investing Activities | 10.28M | 12.12M | -4.85M | -55.74M | -27.73M | |
| Investing Cash Flow | -186.16M | 55.15M | -248.04M | -1.54B | -689.86M | |
| Long-Term Debt Issued | 1.17B | 866.53M | 2.95B | 4.20B | 340.00M | |
| Long-Term Debt Repaid | -1.19B | -1.11B | -2.95B | -3.81B | -347.73M | |
| Net Debt Issued (Repaid) | -20.00M | -245.54M | 936.00K | 389.39M | -7.72M | |
| Issuance of Common Stock | 96.00K | 124.00K | 106.00K | |||
| Repurchase of Common Stock | -2.23M | -7.22M | -19.40M | -15.26M | -10.68M | |
| Preferred Stock Issued | 110.93M | |||||
| Common Dividends Paid | -31.96M | -27.28M | -25.91M | -23.43M | -17.49M | |
| Preferred Dividends Paid | -6.04M | -6.04M | -6.04M | -6.04M | -1.72M | |
| Total Dividends Paid | -37.99M | -33.32M | -31.95M | -29.46M | -19.21M | |
| Net Increase (Decrease) in Deposit Accounts | 168.12M | 284.00M | 179.86M | 1.02B | 375.95M | |
| Other Financing Activities | -3.73M | |||||
| Financing Cash Flow | 104.17M | -2.08M | 129.55M | 1.37B | 449.37M | |
| Net Cash Flow | 24.41M | 113.77M | -25.60M | 2.78M | -38.22M | |
| Free Cash Flow | 101.01M | 56.91M | 85.46M | 173.48M | 199.49M | |
| Free Cash Flow Margin | 30.18% | 22.74% | 32.75% | 58.29% | 70.23% | |
| Free Cash Flow Per Share | 2.22 | 1.48 | 2.19 | 4.39 | 5.00 | |
| Cash Interest Paid | 286.29M | 270.95M | 230.81M | 67.85M | 41.79M | |
| Cash Income Tax Paid | 43.74M | 24.00M | 31.65M | 49.23M | 45.43M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.61B | 1.32B | 876.58M | 881.66M | 947.82M | 1.29B |
| Last Close Price | 32.11 | 25.73 | 21.84 | 21.13 | 21.53 | 28.46 |
| PE Ratio | 11.27 | 17.72 | 12.97 | 10.92 | 7.97 | 10.07 |
| PS Ratio | 3.79 | 3.93 | 3.50 | 3.38 | 3.19 | 4.55 |
| PB Ratio | 1.08 | 0.84 | 0.71 | 0.72 | 0.80 | 1.15 |
| P/FCF Ratio | 12.61 | 13.02 | 15.40 | 10.32 | 5.46 | 6.48 |
| P/OCF Ratio | 11.94 | 12.36 | 14.44 | 9.49 | 5.36 | 6.39 |
| Debt / Equity Ratio | 0.82 | 0.72 | 0.63 | 0.84 | 0.87 | 0.56 |
| Debt / FCF Ratio | 11.28 | 13.77 | 12.01 | 5.89 | 3.18 | |
| Net Debt / Equity Ratio | 0.62 | 0.47 | 0.31 | 0.61 | 0.59 | 0.32 |
| Net Debt / FCF Ratio | 7.35 | 6.85 | 8.65 | 4.02 | 1.83 | |
| Return on Equity (ROE) | 9.59% | 5.71% | 6.00% | 7.26% | 10.87% | 12.78% |
| Return on Assets (ROA) | 1.04% | 0.67% | 0.75% | 0.89% | 1.41% | 1.66% |
| Earnings Yield | 8.87% | 6.12% | 8.42% | 9.87% | 13.21% | 10.09% |
| FCF Yield | 7.93% | 7.68% | 6.49% | 9.69% | 18.30% | 15.44% |
| Dividend Yield | 2.43% | 2.75% | 3.14% | 2.96% | 2.56% | 1.47% |
| Payout Ratio | 27.36% | 47.23% | 45.15% | 36.72% | 23.53% | 14.74% |
| Buyback Yield / Dilution | -19.00% | -18.02% | 1.23% | 1.30% | 1.03% | -0.61% |
| Total Shareholder Return | -16.57% | -15.27% | 4.38% | 4.26% | 3.59% | 0.86% |