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ConnectOne Bancorp, Inc.

CNOB

ConnectOne Bancorp, Inc. • NASDAQ
$25.27 ▼ -0.86% (-0.22)
Market Cap $1.27 B
52w High $28.16
52w Low $20.61
Dividend Yield 0.72%
P/E 19.14
Volume 187.28K
Outstanding Shares 50.16M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $207.118M ▲ $58.673M ▼ $40.976M ▲ 19.784% ▲ $1.07 ▲ $62.29M ▲
Q2-2025 $151.215M ▲ $73.649M ▲ $-20.293M ▼ -13.42% ▼ $-0.57 ▼ $-22.705M ▼
Q1-2025 $129.24M ▼ $39.305M ▲ $20.242M ▼ 15.662% ▲ $0.49 $28.722M ▲
Q4-2024 $131.777M ▼ $38.498M ▼ $20.371M ▲ 15.459% ▲ $0.49 ▲ $27.891M ▲
Q3-2024 $134.979M $38.641M $17.161M 12.714% $0.41 $24.579M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.183B ▼ $14.024B ▲ $12.485B ▲ $1.538B ▲
Q2-2025 $1.256B ▲ $13.916B ▲ $12.419B ▲ $1.496B ▲
Q1-2025 $706.124M ▲ $9.759B ▼ $8.506B ▼ $1.253B ▲
Q4-2024 $360.703M ▼ $9.88B ▲ $8.638B ▲ $1.242B ▲
Q3-2024 $893.961M $9.64B $8.4B $1.239B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $40.976M ▲ $37.35M ▲ $-145.226M ▼ $54.077M ▼ $-53.799M ▼ $33.894M ▲
Q2-2025 $-20.293M ▼ $6.457M ▼ $39.873M ▼ $257.6M ▲ $303.93M ▲ $6.389M ▼
Q1-2025 $20.242M ▼ $14.891M ▼ $59.175M ▲ $-137.951M ▼ $-63.885M ▼ $14.628M ▼
Q4-2024 $20.459M ▲ $32.239M ▲ $-156.518M ▼ $233.519M ▲ $109.24M ▲ $29.982M ▲
Q3-2024 $17.161M $-14.358M $42.504M $-74.411M $-46.265M $-15.631M

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past five years, showing that the bank has been successful in expanding its business and customer base. However, profit margins have come down from earlier peaks, which is typical for regional banks facing higher funding costs and a flatter interest-rate environment. Earnings remain positive and respectable, but the trend suggests a shift from a high-profit phase to a more normal, squeezed-margin phase. Overall, the income statement points to a healthy but more competitive and cost-sensitive earnings profile than a few years ago.

Balance Sheet

Balance Sheet The balance sheet has expanded over time, with total assets and shareholder equity both moving higher, which signals ongoing growth and retained profitability. Debt levels rose as the bank scaled but have started to ease back, suggesting some active balance sheet management. Cash and liquid resources look stable rather than aggressive, which is reasonable for a regional bank that depends heavily on its loan and deposit base. Structurally, the bank appears solid, but like peers it remains exposed to credit quality and local economic conditions in its core markets.

Cash Flow

Cash Flow Operating cash flow has been consistently positive, though stronger in the middle of the period than most recently, which mirrors the pattern seen in earnings. Free cash flow closely tracks operating cash flow because the bank’s spending on physical assets has been modest. This indicates that growth is being supported mainly by the existing platform and technology, rather than heavy brick-and-mortar expansion. Overall, the cash flow profile looks stable and self-funding, with no clear signs of stress in the data provided.

Competitive Edge

Competitive Edge ConnectOne competes as a regional bank with a clear focus on the New York–New Jersey corridor and on relationship-driven commercial clients. Its edge comes from combining strong local knowledge—especially in real estate and business lending—with a streamlined, tech-enabled “branch-lite” model that keeps costs down. The bank also benefits from a reputation for direct access to decision‑makers and tailored service for specific sectors like real estate, schools, non‑profits, healthcare, and law firms. The main strategic risks are intense competition from larger banks and fintechs, and the need to manage credit and concentration risk in its chosen niches.

Innovation and R&D

Innovation and R&D Innovation is a clear pillar of the strategy, more through partnerships and acquisitions than traditional in‑house R&D. The purchase of BoeFly and the partnership with Nymbus give ConnectOne fintech-style capabilities, including digital loan marketplaces and specialized online banking platforms for niche industries. The bank is experimenting with newer technologies such as cloud-based systems and blockchain consortia, and has put leadership in place specifically focused on brand and innovation. The emphasis on a universal banker model and mobile-enabled staff shows that process redesign and digitization are as important as new products in its innovation agenda.

Summary

ConnectOne Bancorp shows a pattern of steady revenue growth paired with more recently compressed profitability, reflecting a tougher operating environment rather than a broken business model. Its balance sheet and cash flows appear sound and supportive of continued operations without obvious financial strain. Competitively, the bank stands out by blending a digital-first, low-branch model with high-touch, relationship banking in specific regional and industry niches. Its ongoing investments in fintech partnerships and targeted digital offerings could support future growth, but execution on technology, integration of past deals, and careful risk management in core lending markets will be key variables to watch.

NEWS

October 30, 2025 · 7:00 AM UTC

ConnectOne Bancorp, Inc. Reports Third Quarter 2025 Results

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October 16, 2025 · 7:00 AM UTC

ConnectOne Bancorp, Inc. to Host 2025 Third Quarter Results Conference Call on October 30, 2025

Read more