Annual Income Statements for ConnectOne Bancorp
This table shows ConnectOne Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for ConnectOne Bancorp
This table shows ConnectOne Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
27 |
31 |
23 |
20 |
20 |
18 |
16 |
18 |
16 |
19 |
19 |
Consolidated Net Income / (Loss) |
|
29 |
33 |
25 |
21 |
21 |
19 |
17 |
19 |
17 |
20 |
20 |
Net Income / (Loss) Continuing Operations |
|
29 |
33 |
25 |
21 |
21 |
19 |
17 |
19 |
17 |
20 |
20 |
Total Pre-Tax Income |
|
39 |
45 |
34 |
29 |
29 |
25 |
23 |
26 |
23 |
26 |
27 |
Total Revenue |
|
81 |
82 |
70 |
67 |
66 |
66 |
64 |
66 |
66 |
68 |
70 |
Net Interest Income / (Expense) |
|
78 |
78 |
67 |
64 |
62 |
62 |
60 |
61 |
61 |
65 |
66 |
Total Interest Income |
|
97 |
112 |
116 |
121 |
124 |
129 |
130 |
130 |
130 |
128 |
125 |
Loans and Leases Interest Income |
|
91 |
105 |
107 |
111 |
115 |
121 |
120 |
120 |
119 |
118 |
115 |
Investment Securities Interest Income |
|
5.58 |
6.12 |
6.22 |
6.22 |
6.17 |
6.36 |
6.61 |
7.02 |
6.91 |
6.87 |
6.97 |
Federal Funds Sold and Securities Borrowed Interest Income |
|
0.67 |
1.40 |
2.98 |
4.06 |
2.11 |
1.96 |
2.91 |
2.84 |
4.06 |
2.82 |
2.47 |
Total Interest Expense |
|
19 |
34 |
49 |
57 |
61 |
67 |
69 |
69 |
69 |
63 |
59 |
Deposits Interest Expense |
|
13 |
27 |
40 |
51 |
56 |
59 |
60 |
62 |
64 |
59 |
54 |
Long-Term Debt Interest Expense |
|
5.52 |
7.92 |
8.93 |
6.77 |
5.29 |
7.80 |
8.90 |
6.48 |
5.57 |
4.75 |
5.04 |
Total Non-Interest Income |
|
3.32 |
3.51 |
2.79 |
3.44 |
3.56 |
4.21 |
3.85 |
4.40 |
4.74 |
3.74 |
4.45 |
Other Service Charges |
|
1.97 |
1.89 |
1.40 |
1.55 |
1.61 |
1.55 |
1.59 |
1.65 |
1.82 |
1.80 |
2.01 |
Net Realized & Unrealized Capital Gains on Investments |
|
-0.17 |
0.09 |
-0.14 |
0.34 |
0.36 |
1.03 |
0.59 |
1.07 |
0.78 |
0.29 |
0.86 |
Other Non-Interest Income |
|
1.52 |
1.53 |
1.53 |
1.55 |
1.60 |
1.64 |
1.66 |
1.68 |
2.15 |
1.66 |
1.58 |
Provision for Credit Losses |
|
10 |
3.30 |
1.00 |
3.00 |
1.50 |
2.70 |
4.00 |
2.50 |
3.80 |
3.50 |
3.50 |
Total Non-Interest Expense |
|
32 |
33 |
35 |
35 |
36 |
38 |
37 |
38 |
39 |
38 |
39 |
Salaries and Employee Benefits |
|
21 |
21 |
22 |
22 |
22 |
22 |
22 |
23 |
23 |
22 |
23 |
Net Occupancy & Equipment Expense |
|
2.60 |
-0.26 |
5.82 |
2.68 |
2.74 |
-0.35 |
7.40 |
2.90 |
2.89 |
-1.57 |
7.28 |
Marketing Expense |
|
0.46 |
0.45 |
0.53 |
0.56 |
0.55 |
0.32 |
0.68 |
0.61 |
0.64 |
0.50 |
0.60 |
Property & Liability Insurance Claims |
|
0.72 |
0.83 |
0.95 |
1.72 |
1.80 |
3.90 |
1.80 |
1.80 |
1.80 |
1.80 |
1.80 |
Other Operating Expenses |
|
6.93 |
11 |
4.93 |
8.38 |
8.09 |
12 |
4.74 |
9.18 |
9.32 |
15 |
5.46 |
Amortization Expense |
|
0.41 |
0.41 |
0.37 |
0.37 |
0.35 |
0.35 |
0.32 |
0.32 |
0.30 |
0.30 |
0.28 |
Restructuring Charge |
|
0.00 |
-1.52 |
- |
- |
0.00 |
- |
0.00 |
- |
0.74 |
- |
1.32 |
Income Tax Expense |
|
10 |
12 |
9.08 |
7.44 |
7.23 |
6.21 |
5.88 |
6.69 |
6.02 |
6.09 |
7.16 |
Preferred Stock Dividends Declared |
|
1.51 |
1.51 |
1.51 |
1.51 |
1.51 |
1.51 |
1.51 |
1.51 |
1.51 |
1.51 |
1.51 |
Basic Earnings per Share |
|
$0.70 |
$0.79 |
$0.60 |
$0.51 |
$0.51 |
$0.46 |
$0.41 |
$0.46 |
$0.41 |
$0.49 |
$0.49 |
Weighted Average Basic Shares Outstanding |
|
39.24M |
39.15M |
39.18M |
38.94M |
38.61M |
38.40M |
38.33M |
38.37M |
38.37M |
38.37M |
38.47M |
Diluted Earnings per Share |
|
$0.70 |
$0.78 |
$0.59 |
$0.51 |
$0.51 |
$0.46 |
$0.41 |
$0.46 |
$0.41 |
$0.48 |
$0.49 |
Weighted Average Diluted Shares Outstanding |
|
39.24M |
39.15M |
39.18M |
38.94M |
38.61M |
38.40M |
38.33M |
38.37M |
38.37M |
38.37M |
38.47M |
Weighted Average Basic & Diluted Shares Outstanding |
|
39.24M |
39.15M |
39.18M |
38.94M |
38.61M |
38.40M |
38.33M |
38.37M |
38.37M |
38.37M |
38.47M |
Cash Dividends to Common per Share |
|
$0.16 |
$0.15 |
$0.17 |
$0.17 |
$0.17 |
$0.15 |
$0.17 |
$0.18 |
$0.18 |
$0.18 |
$0.18 |
Annual Cash Flow Statements for ConnectOne Bancorp
This table details how cash moves in and out of ConnectOne Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
44 |
74 |
-0.50 |
-51 |
23 |
29 |
102 |
-38 |
2.78 |
-26 |
114 |
Net Cash From Operating Activities |
|
25 |
46 |
50 |
131 |
89 |
61 |
81 |
202 |
177 |
93 |
61 |
Net Cash From Continuing Operating Activities |
|
25 |
46 |
50 |
131 |
89 |
61 |
81 |
202 |
177 |
93 |
61 |
Net Income / (Loss) Continuing Operations |
|
19 |
41 |
31 |
43 |
60 |
73 |
71 |
130 |
125 |
87 |
74 |
Consolidated Net Income / (Loss) |
|
19 |
41 |
31 |
43 |
60 |
73 |
71 |
130 |
125 |
87 |
74 |
Provision For Loan Losses |
|
4.68 |
13 |
39 |
6.00 |
21 |
8.10 |
41 |
-5.50 |
18 |
8.20 |
14 |
Depreciation Expense |
|
1.54 |
2.31 |
2.70 |
3.15 |
3.06 |
3.05 |
4.24 |
3.76 |
3.86 |
4.50 |
4.42 |
Amortization Expense |
|
2.58 |
2.80 |
2.70 |
3.32 |
4.12 |
6.25 |
1.52 |
2.86 |
1.01 |
1.77 |
1.68 |
Non-Cash Adjustments to Reconcile Net Income |
|
-4.33 |
-12 |
-8.03 |
53 |
-0.68 |
-4.38 |
1.20 |
13 |
4.95 |
11 |
-5.17 |
Changes in Operating Assets and Liabilities, net |
|
2.15 |
-0.82 |
-17 |
23 |
1.11 |
-26 |
-38 |
58 |
24 |
-20 |
-28 |
Net Cash From Investing Activities |
|
-140 |
-505 |
-428 |
-818 |
-357 |
-102 |
-323 |
-690 |
-1,543 |
-248 |
55 |
Net Cash From Continuing Investing Activities |
|
-140 |
-505 |
-428 |
-818 |
-357 |
-103 |
-323 |
-690 |
-1,543 |
-248 |
55 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-1.99 |
-3.88 |
-2.70 |
-2.66 |
-2.05 |
-1.53 |
-2.20 |
-2.78 |
-3.30 |
-7.43 |
-3.79 |
Purchase of Investment Securities |
|
-335 |
-646 |
-674 |
-958 |
-503 |
-476 |
-688 |
-974 |
-1,691 |
-305 |
-13 |
Sale of Property, Leasehold Improvements and Equipment |
|
0.00 |
0.00 |
0.45 |
0.01 |
1.63 |
0.02 |
0.00 |
0.11 |
0.70 |
0.00 |
1.28 |
Sale and/or Maturity of Investments |
|
126 |
146 |
249 |
143 |
146 |
363 |
279 |
286 |
151 |
65 |
71 |
Net Cash From Financing Activities |
|
159 |
533 |
377 |
636 |
291 |
71 |
345 |
449 |
1,369 |
130 |
-2.08 |
Net Cash From Continuing Financing Activities |
|
159 |
533 |
377 |
636 |
291 |
71 |
345 |
449 |
1,369 |
130 |
-2.08 |
Net Change in Deposits |
|
83 |
316 |
553 |
451 |
297 |
260 |
411 |
376 |
1,024 |
180 |
284 |
Issuance of Debt |
|
161 |
899 |
375 |
1,280 |
1,807 |
2,597 |
1,600 |
340 |
4,203 |
2,947 |
867 |
Repayment of Debt |
|
-79 |
-656 |
-570 |
-1,071 |
-1,803 |
-2,762 |
-1,650 |
-348 |
-3,814 |
-2,946 |
-1,112 |
Repurchase of Common Equity |
|
- |
0.00 |
0.00 |
-0.18 |
0.00 |
-13 |
-0.91 |
-9.40 |
-13 |
-17 |
-5.82 |
Payment of Dividends |
|
-7.08 |
-9.11 |
-9.09 |
-9.61 |
-9.66 |
-12 |
-14 |
-19 |
-29 |
-32 |
-33 |
Other Financing Activities, Net |
|
1.16 |
-17 |
0.88 |
-14 |
0.06 |
0.36 |
-0.41 |
-1.18 |
-2.01 |
-1.80 |
-1.40 |
Cash Interest Paid |
|
15 |
23 |
31 |
37 |
56 |
89 |
75 |
42 |
68 |
231 |
271 |
Cash Income Taxes Paid |
|
4.99 |
18 |
23 |
16 |
9.09 |
18 |
27 |
45 |
49 |
32 |
24 |
Quarterly Cash Flow Statements for ConnectOne Bancorp
This table details how cash moves in and out of ConnectOne Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
35 |
-66 |
294 |
-242 |
-67 |
-11 |
35 |
16 |
-46 |
109 |
-64 |
Net Cash From Operating Activities |
|
24 |
82 |
16 |
21 |
27 |
28 |
21 |
22 |
-14 |
32 |
15 |
Net Cash From Continuing Operating Activities |
|
24 |
82 |
16 |
21 |
27 |
28 |
21 |
22 |
-14 |
32 |
15 |
Net Income / (Loss) Continuing Operations |
|
29 |
33 |
25 |
21 |
21 |
19 |
17 |
19 |
17 |
20 |
20 |
Consolidated Net Income / (Loss) |
|
29 |
33 |
25 |
21 |
21 |
19 |
17 |
19 |
17 |
20 |
20 |
Provision For Loan Losses |
|
10 |
3.30 |
1.00 |
3.00 |
1.50 |
2.70 |
4.00 |
2.50 |
3.80 |
3.50 |
3.50 |
Depreciation Expense |
|
0.96 |
0.96 |
1.08 |
1.14 |
1.14 |
1.15 |
1.10 |
1.08 |
1.10 |
1.14 |
1.10 |
Amortization Expense |
|
0.11 |
0.08 |
0.71 |
0.30 |
0.36 |
0.40 |
0.39 |
0.44 |
0.41 |
0.44 |
0.42 |
Non-Cash Adjustments to Reconcile Net Income |
|
5.50 |
-0.92 |
-0.03 |
7.15 |
1.04 |
3.07 |
-0.84 |
-0.89 |
-1.09 |
-2.35 |
0.00 |
Changes in Operating Assets and Liabilities, net |
|
-22 |
46 |
-11 |
-12 |
1.47 |
1.74 |
-1.34 |
0.11 |
-36 |
9.15 |
-10 |
Net Cash From Investing Activities |
|
-630 |
-214 |
-27 |
-9.72 |
-39 |
-172 |
33 |
136 |
43 |
-157 |
59 |
Net Cash From Continuing Investing Activities |
|
-630 |
-214 |
-27 |
-9.72 |
-39 |
-172 |
33 |
136 |
43 |
-157 |
59 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-1.08 |
-0.95 |
-2.87 |
-0.61 |
-0.47 |
-3.48 |
-0.14 |
-0.13 |
-1.27 |
-2.26 |
-0.26 |
Purchase of Investment Securities |
|
-685 |
-228 |
-41 |
-24 |
-56 |
-184 |
-27 |
119 |
25 |
-177 |
-34 |
Sale and/or Maturity of Investments |
|
56 |
15 |
17 |
15 |
17 |
15 |
60 |
17 |
19 |
22 |
94 |
Net Cash From Financing Activities |
|
640 |
66 |
304 |
-254 |
-54 |
133 |
-19 |
-142 |
-74 |
234 |
-138 |
Net Cash From Continuing Financing Activities |
|
640 |
66 |
304 |
-254 |
-54 |
133 |
-19 |
-142 |
-74 |
234 |
-138 |
Net Change in Deposits |
|
693 |
46 |
397 |
-215 |
-100 |
98 |
52 |
-13 |
-52 |
296 |
-53 |
Issuance of Debt |
|
855 |
1,898 |
750 |
627 |
1,015 |
555 |
445 |
151 |
35 |
236 |
365 |
Repayment of Debt |
|
-900 |
-1,870 |
-830 |
-652 |
-955 |
-509 |
-501 |
-272 |
-49 |
-290 |
-440 |
Repurchase of Common Equity |
|
-1.88 |
- |
-4.85 |
-4.23 |
-6.23 |
-2.19 |
-5.82 |
- |
- |
- |
0.00 |
Payment of Dividends |
|
-5.72 |
-7.60 |
-7.58 |
-8.16 |
-8.13 |
-8.08 |
-8.06 |
-8.42 |
-8.42 |
-8.42 |
-8.42 |
Other Financing Activities, Net |
|
- |
- |
0.08 |
-1.83 |
0.01 |
-0.06 |
-1.32 |
- |
-0.08 |
- |
-1.63 |
Cash Interest Paid |
|
16 |
33 |
47 |
58 |
59 |
67 |
67 |
70 |
68 |
65 |
59 |
Cash Income Taxes Paid |
|
11 |
18 |
1.26 |
17 |
8.72 |
4.27 |
11 |
4.73 |
5.49 |
2.92 |
1.51 |
Annual Balance Sheets for ConnectOne Bancorp
This table presents ConnectOne Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
3,449 |
4,016 |
4,426 |
5,108 |
5,462 |
6,174 |
7,547 |
8,129 |
9,645 |
9,856 |
9,880 |
Cash and Due from Banks |
|
32 |
31 |
37 |
53 |
39 |
66 |
64 |
320 |
62 |
61 |
58 |
Interest Bearing Deposits at Other Banks |
|
95 |
170 |
163 |
97 |
133 |
136 |
240 |
211 |
207 |
181 |
299 |
Trading Account Securities |
|
514 |
420 |
353 |
435 |
423 |
416 |
501 |
535 |
651 |
636 |
633 |
Loans and Leases, Net of Allowance |
|
2,524 |
3,072 |
3,476 |
4,140 |
4,506 |
5,075 |
6,157 |
6,750 |
-91 |
-82 |
-83 |
Allowance for Loan and Lease Losses |
|
14 |
27 |
- |
32 |
35 |
38 |
79 |
79 |
91 |
82 |
83 |
Loans Held for Sale |
|
- |
0.00 |
78 |
25 |
0.00 |
33 |
4.71 |
- |
14 |
0.00 |
0.74 |
Premises and Equipment, Net |
|
21 |
22 |
22 |
22 |
19 |
19 |
30 |
29 |
28 |
31 |
28 |
Goodwill |
|
146 |
146 |
146 |
146 |
146 |
163 |
208 |
208 |
208 |
208 |
208 |
Intangible Assets |
|
4.83 |
3.91 |
3.09 |
2.36 |
1.74 |
5.46 |
11 |
9.00 |
7.31 |
0.00 |
0.00 |
Other Assets |
|
112 |
151 |
148 |
189 |
193 |
261 |
331 |
291 |
8,469 |
8,732 |
8,648 |
Total Liabilities & Shareholders' Equity |
|
3,449 |
4,016 |
4,426 |
5,108 |
5,462 |
6,174 |
7,547 |
7,457 |
9,645 |
9,856 |
9,880 |
Total Liabilities |
|
3,002 |
3,539 |
3,895 |
4,543 |
4,848 |
5,443 |
6,632 |
6,333 |
8,466 |
8,639 |
8,638 |
Non-Interest Bearing Deposits |
|
493 |
651 |
695 |
777 |
769 |
862 |
1,339 |
1,617 |
1,502 |
1,259 |
1,422 |
Interest Bearing Deposits |
|
1,983 |
2,140 |
2,649 |
3,018 |
3,324 |
3,906 |
4,620 |
4,716 |
5,855 |
6,277 |
6,398 |
Long-Term Debt |
|
501 |
726 |
531 |
725 |
729 |
629 |
629 |
- |
1,011 |
1,013 |
768 |
Other Long-Term Liabilities |
|
- |
- |
- |
- |
28 |
46 |
44 |
- |
99 |
90 |
50 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
446 |
477 |
531 |
565 |
614 |
731 |
915 |
1,124 |
1,179 |
1,217 |
1,242 |
Total Preferred & Common Equity |
|
446 |
477 |
531 |
565 |
614 |
731 |
915 |
1,124 |
1,179 |
1,217 |
1,242 |
Preferred Stock |
|
11 |
11 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
111 |
111 |
111 |
111 |
Total Common Equity |
|
435 |
466 |
531 |
565 |
614 |
731 |
915 |
1,013 |
1,068 |
1,106 |
1,131 |
Common Stock |
|
380 |
383 |
424 |
426 |
428 |
490 |
611 |
614 |
617 |
620 |
623 |
Retained Earnings |
|
72 |
105 |
126 |
160 |
211 |
272 |
332 |
440 |
536 |
591 |
631 |
Treasury Stock |
|
-17 |
-17 |
-17 |
-17 |
-17 |
-29 |
-30 |
-40 |
-53 |
-70 |
-76 |
Accumulated Other Comprehensive Income / (Loss) |
|
-1.01 |
-4.61 |
-2.85 |
-4.02 |
-8.79 |
-1.15 |
2.80 |
-1.40 |
-32 |
-35 |
-48 |
Quarterly Balance Sheets for ConnectOne Bancorp
This table presents ConnectOne Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q2 2022 |
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
8,842 |
9,478 |
9,960 |
9,724 |
9,679 |
9,854 |
9,724 |
9,640 |
9,759 |
Cash and Due from Banks |
|
59 |
59 |
58 |
56 |
56 |
45 |
47 |
61 |
50 |
Interest Bearing Deposits at Other Banks |
|
241 |
275 |
504 |
264 |
197 |
232 |
246 |
186 |
243 |
Trading Account Securities |
|
692 |
639 |
647 |
631 |
600 |
639 |
640 |
667 |
656 |
Loans and Leases, Net of Allowance |
|
7,192 |
7,809 |
-87 |
-89 |
-88 |
-83 |
-82 |
-82 |
-82 |
Allowance for Loan and Lease Losses |
|
83 |
92 |
87 |
89 |
88 |
83 |
82 |
82 |
82 |
Loans Held for Sale |
|
3.18 |
8.08 |
11 |
1.09 |
0.00 |
- |
0.44 |
- |
0.20 |
Premises and Equipment, Net |
|
28 |
29 |
30 |
29 |
28 |
30 |
29 |
29 |
28 |
Goodwill |
|
208 |
208 |
208 |
208 |
208 |
208 |
208 |
208 |
208 |
Intangible Assets |
|
8.13 |
7.72 |
6.94 |
6.57 |
6.22 |
5.55 |
5.23 |
4.94 |
0.00 |
Other Assets |
|
410 |
444 |
8,495 |
8,528 |
8,583 |
8,694 |
8,547 |
8,483 |
8,570 |
Total Liabilities & Shareholders' Equity |
|
8,842 |
9,478 |
9,960 |
9,724 |
9,679 |
9,854 |
9,724 |
9,640 |
9,759 |
Total Liabilities |
|
7,698 |
8,330 |
8,769 |
8,525 |
8,491 |
8,637 |
8,500 |
8,400 |
8,506 |
Non-Interest Bearing Deposits |
|
1,713 |
1,666 |
1,345 |
1,356 |
1,224 |
1,291 |
1,269 |
1,263 |
1,319 |
Interest Bearing Deposits |
|
4,905 |
5,645 |
6,408 |
6,182 |
6,214 |
6,298 |
6,307 |
6,262 |
6,448 |
Long-Term Debt |
|
1,028 |
983 |
932 |
907 |
967 |
957 |
836 |
822 |
693 |
Other Long-Term Liabilities |
|
53 |
36 |
85 |
79 |
85 |
92 |
88 |
54 |
46 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
1,143 |
1,148 |
1,191 |
1,199 |
1,188 |
1,217 |
1,224 |
1,239 |
1,253 |
Total Preferred & Common Equity |
|
1,143 |
1,148 |
1,191 |
1,199 |
1,188 |
1,217 |
1,224 |
1,239 |
1,253 |
Preferred Stock |
|
111 |
111 |
111 |
111 |
111 |
111 |
111 |
111 |
111 |
Total Common Equity |
|
1,032 |
1,037 |
1,080 |
1,088 |
1,077 |
1,106 |
1,113 |
1,129 |
1,142 |
Common Stock |
|
614 |
616 |
618 |
618 |
619 |
620 |
621 |
622 |
623 |
Retained Earnings |
|
490 |
511 |
553 |
566 |
580 |
600 |
611 |
619 |
643 |
Treasury Stock |
|
-53 |
-53 |
-58 |
-62 |
-68 |
-76 |
-76 |
-76 |
-76 |
Accumulated Other Comprehensive Income / (Loss) |
|
-19 |
-36 |
-34 |
-34 |
-53 |
-38 |
-42 |
-37 |
-48 |
Annual Metrics And Ratios for ConnectOne Bancorp
This table displays calculated financial ratios and metrics derived from ConnectOne Bancorp's official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
63.84% |
47.68% |
9.15% |
9.43% |
6.14% |
19.46% |
29.86% |
10.37% |
13.21% |
-14.67% |
-1.87% |
EBITDA Growth |
|
-0.26% |
110.43% |
-27.25% |
55.35% |
4.44% |
31.94% |
-6.94% |
88.95% |
-3.07% |
-30.02% |
-15.15% |
EBIT Growth |
|
0.00% |
123.41% |
-30.01% |
59.86% |
3.82% |
32.18% |
-3.87% |
93.67% |
-2.19% |
-31.69% |
-15.81% |
NOPAT Growth |
|
-6.83% |
122.52% |
-24.76% |
39.05% |
39.64% |
21.61% |
-2.87% |
82.85% |
-3.94% |
-30.51% |
-15.18% |
Net Income Growth |
|
-6.83% |
122.52% |
-24.76% |
39.05% |
39.64% |
21.61% |
-2.87% |
82.85% |
-3.94% |
-30.51% |
-15.18% |
EPS Growth |
|
-34.71% |
72.15% |
-25.74% |
32.67% |
38.81% |
11.29% |
-13.53% |
79.89% |
-6.52% |
-31.23% |
-14.98% |
Operating Cash Flow Growth |
|
8.79% |
83.54% |
7.53% |
163.79% |
-32.08% |
-31.86% |
33.68% |
149.34% |
-12.60% |
-47.45% |
-34.65% |
Free Cash Flow Firm Growth |
|
-5,158.37% |
64.67% |
180.22% |
-207.33% |
104.36% |
586.93% |
-302.22% |
-8.91% |
-119.11% |
117.54% |
525.03% |
Invested Capital Growth |
|
196.16% |
27.07% |
-11.75% |
21.51% |
4.05% |
1.33% |
13.49% |
16.36% |
21.88% |
1.83% |
-9.86% |
Revenue Q/Q Growth |
|
24.38% |
1.72% |
1.57% |
4.68% |
-0.06% |
4.26% |
6.38% |
3.50% |
2.36% |
-5.44% |
0.93% |
EBITDA Q/Q Growth |
|
11.27% |
3.07% |
-28.62% |
62.39% |
-1.19% |
5.57% |
0.52% |
10.33% |
-0.54% |
-13.30% |
0.96% |
EBIT Q/Q Growth |
|
15.34% |
1.95% |
-31.44% |
72.25% |
-1.33% |
5.23% |
7.66% |
7.31% |
-0.25% |
-14.24% |
1.00% |
NOPAT Q/Q Growth |
|
19.57% |
3.89% |
-27.17% |
41.17% |
15.48% |
2.96% |
7.31% |
6.02% |
-0.38% |
-13.25% |
1.51% |
Net Income Q/Q Growth |
|
19.57% |
3.89% |
-27.17% |
41.17% |
15.48% |
2.96% |
7.31% |
6.02% |
-0.38% |
-13.25% |
1.51% |
EPS Q/Q Growth |
|
-11.24% |
8.80% |
-27.86% |
42.55% |
16.25% |
0.49% |
3.47% |
4.55% |
-0.33% |
-13.39% |
1.15% |
Operating Cash Flow Q/Q Growth |
|
59.59% |
-0.24% |
-3.10% |
61.09% |
-31.57% |
-28.67% |
-16.44% |
48.72% |
23.99% |
-36.55% |
6.88% |
Free Cash Flow Firm Q/Q Growth |
|
-13.52% |
10.50% |
11.13% |
-40.86% |
107.80% |
-12.15% |
34.61% |
-156.10% |
46.55% |
-38.70% |
76.61% |
Invested Capital Q/Q Growth |
|
9.10% |
4.82% |
2.55% |
7.74% |
-0.80% |
-0.08% |
-3.48% |
19.41% |
2.73% |
3.46% |
-2.51% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
36.28% |
51.70% |
34.46% |
48.92% |
48.14% |
53.16% |
38.10% |
65.22% |
55.84% |
45.79% |
39.60% |
EBIT Margin |
|
31.54% |
47.72% |
30.60% |
44.70% |
43.72% |
48.38% |
35.81% |
62.84% |
54.29% |
43.46% |
37.29% |
Profit (Net Income) Margin |
|
21.36% |
32.19% |
22.19% |
28.20% |
37.10% |
37.76% |
28.25% |
46.79% |
39.70% |
32.33% |
27.95% |
Tax Burden Percent |
|
67.73% |
67.46% |
72.52% |
63.08% |
84.84% |
78.06% |
78.87% |
74.46% |
73.13% |
74.39% |
74.94% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
32.27% |
32.54% |
27.48% |
36.92% |
15.16% |
21.94% |
21.13% |
25.54% |
26.87% |
25.61% |
25.06% |
Return on Invested Capital (ROIC) |
|
2.93% |
3.84% |
2.74% |
3.68% |
4.58% |
5.43% |
4.91% |
7.80% |
6.28% |
3.94% |
3.48% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
2.93% |
3.84% |
2.74% |
3.68% |
4.58% |
5.43% |
4.91% |
7.80% |
6.28% |
3.94% |
3.48% |
Return on Net Nonoperating Assets (RNNOA) |
|
3.11% |
5.10% |
3.42% |
4.21% |
5.65% |
5.48% |
3.75% |
4.98% |
4.59% |
3.33% |
2.52% |
Return on Equity (ROE) |
|
6.04% |
8.95% |
6.16% |
7.88% |
10.23% |
10.91% |
8.66% |
12.78% |
10.87% |
7.26% |
6.00% |
Cash Return on Invested Capital (CROIC) |
|
-96.10% |
-20.00% |
15.23% |
-15.74% |
0.61% |
4.11% |
-7.73% |
-7.32% |
-13.44% |
2.13% |
13.86% |
Operating Return on Assets (OROA) |
|
1.07% |
1.64% |
1.02% |
1.44% |
1.35% |
1.62% |
1.32% |
2.23% |
1.93% |
1.20% |
1.00% |
Return on Assets (ROA) |
|
0.73% |
1.11% |
0.74% |
0.91% |
1.14% |
1.26% |
1.04% |
1.66% |
1.41% |
0.89% |
0.75% |
Return on Common Equity (ROCE) |
|
5.82% |
8.73% |
6.10% |
7.88% |
10.23% |
10.91% |
8.66% |
12.09% |
9.83% |
6.59% |
5.46% |
Return on Equity Simple (ROE_SIMPLE) |
|
4.16% |
8.65% |
5.85% |
7.64% |
9.83% |
10.04% |
7.79% |
11.60% |
10.62% |
7.15% |
5.94% |
Net Operating Profit after Tax (NOPAT) |
|
19 |
41 |
31 |
43 |
60 |
73 |
71 |
130 |
125 |
87 |
74 |
NOPAT Margin |
|
21.36% |
32.19% |
22.19% |
28.20% |
37.10% |
37.76% |
28.25% |
46.79% |
39.70% |
32.33% |
27.95% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
31.32% |
31.03% |
31.76% |
31.70% |
32.74% |
33.23% |
31.68% |
31.79% |
29.26% |
37.56% |
39.42% |
Operating Expenses to Revenue |
|
63.07% |
42.46% |
41.77% |
51.38% |
43.31% |
47.45% |
47.94% |
39.13% |
40.08% |
53.49% |
57.49% |
Earnings before Interest and Taxes (EBIT) |
|
27 |
61 |
43 |
69 |
71 |
94 |
90 |
175 |
171 |
117 |
98 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
32 |
66 |
48 |
75 |
78 |
103 |
96 |
182 |
176 |
123 |
105 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.00 |
0.00 |
1.23 |
1.23 |
0.83 |
1.08 |
0.76 |
1.15 |
0.82 |
0.77 |
0.77 |
Price to Tangible Book Value (P/TBV) |
|
0.00 |
0.00 |
1.72 |
1.67 |
1.09 |
1.40 |
1.00 |
1.47 |
1.03 |
0.95 |
0.95 |
Price to Revenue (P/Rev) |
|
0.00 |
0.00 |
4.68 |
4.54 |
3.13 |
4.07 |
2.77 |
4.19 |
2.79 |
3.16 |
3.31 |
Price to Earnings (P/E) |
|
0.00 |
0.00 |
21.10 |
16.11 |
8.43 |
10.77 |
9.80 |
9.07 |
7.39 |
10.50 |
12.89 |
Dividend Yield |
|
1.96% |
1.96% |
1.39% |
1.38% |
1.90% |
1.54% |
2.05% |
1.49% |
3.34% |
3.02% |
3.12% |
Earnings Yield |
|
0.00% |
0.00% |
4.74% |
6.21% |
11.86% |
9.29% |
10.21% |
11.02% |
13.54% |
9.52% |
7.76% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.00 |
0.00 |
0.93 |
0.99 |
0.79 |
0.90 |
0.66 |
0.42 |
0.79 |
0.78 |
0.69 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.00 |
7.04 |
8.30 |
6.55 |
6.27 |
4.05 |
2.68 |
5.50 |
6.43 |
5.29 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
0.00 |
20.42 |
16.96 |
13.60 |
11.79 |
10.64 |
4.11 |
9.85 |
14.05 |
13.35 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
0.00 |
23.00 |
18.56 |
14.97 |
12.95 |
11.32 |
4.27 |
10.13 |
14.80 |
14.17 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
0.00 |
31.71 |
29.42 |
17.65 |
16.59 |
14.35 |
5.73 |
13.85 |
19.90 |
18.91 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
19.83 |
9.70 |
11.96 |
20.07 |
12.61 |
3.69 |
9.81 |
18.64 |
22.99 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
5.71 |
0.00 |
131.80 |
21.94 |
0.00 |
0.00 |
0.00 |
36.84 |
4.75 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.12 |
1.52 |
1.00 |
1.28 |
1.19 |
0.86 |
0.69 |
0.00 |
0.86 |
0.83 |
0.62 |
Long-Term Debt to Equity |
|
1.12 |
1.52 |
1.00 |
1.28 |
1.19 |
0.86 |
0.69 |
0.00 |
0.86 |
0.83 |
0.62 |
Financial Leverage |
|
1.06 |
1.33 |
1.25 |
1.15 |
1.23 |
1.01 |
0.76 |
0.64 |
0.73 |
0.84 |
0.72 |
Leverage Ratio |
|
8.33 |
8.08 |
8.37 |
8.70 |
8.96 |
8.65 |
8.33 |
7.69 |
7.72 |
8.14 |
8.03 |
Compound Leverage Factor |
|
8.33 |
8.08 |
8.37 |
8.70 |
8.96 |
8.65 |
8.33 |
7.69 |
7.72 |
8.14 |
8.03 |
Debt to Total Capital |
|
52.88% |
60.33% |
49.99% |
56.17% |
54.27% |
46.25% |
40.71% |
0.00% |
46.17% |
45.43% |
38.21% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
52.88% |
60.33% |
49.99% |
56.17% |
54.27% |
46.25% |
40.71% |
0.00% |
46.17% |
45.43% |
38.21% |
Preferred Equity to Total Capital |
|
1.19% |
0.93% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
9.87% |
5.07% |
4.98% |
5.52% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
45.93% |
38.74% |
50.01% |
43.83% |
45.73% |
53.75% |
59.29% |
90.13% |
48.77% |
49.59% |
56.27% |
Debt to EBITDA |
|
15.88 |
10.94 |
11.00 |
9.67 |
9.30 |
6.09 |
6.54 |
0.00 |
5.74 |
8.22 |
7.34 |
Net Debt to EBITDA |
|
11.86 |
7.91 |
6.85 |
7.67 |
7.10 |
4.14 |
3.38 |
0.00 |
4.22 |
6.25 |
3.94 |
Long-Term Debt to EBITDA |
|
15.88 |
10.94 |
11.00 |
9.67 |
9.30 |
6.09 |
6.54 |
0.00 |
5.74 |
8.22 |
7.34 |
Debt to NOPAT |
|
26.97 |
17.57 |
17.08 |
16.77 |
12.07 |
8.57 |
8.82 |
0.00 |
8.07 |
11.64 |
10.41 |
Net Debt to NOPAT |
|
20.14 |
12.71 |
10.63 |
13.31 |
9.22 |
5.83 |
4.56 |
0.00 |
5.93 |
8.85 |
5.58 |
Long-Term Debt to NOPAT |
|
26.97 |
17.57 |
17.08 |
16.77 |
12.07 |
8.57 |
8.82 |
0.00 |
8.07 |
11.64 |
10.41 |
Noncontrolling Interest Sharing Ratio |
|
3.66% |
2.44% |
1.12% |
0.00% |
0.00% |
0.00% |
0.00% |
5.44% |
9.63% |
9.26% |
9.02% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-609 |
-215 |
173 |
-185 |
8.08 |
56 |
-112 |
-122 |
-268 |
47 |
294 |
Operating Cash Flow to CapEx |
|
1,268.33% |
1,191.21% |
2,202.57% |
4,942.82% |
21,004.72% |
4,021.74% |
3,689.18% |
7,575.77% |
6,788.67% |
1,249.71% |
2,410.64% |
Free Cash Flow to Firm to Interest Expense |
|
-41.10 |
-9.03 |
5.55 |
-5.11 |
0.14 |
0.65 |
-1.60 |
-3.15 |
-3.74 |
0.20 |
1.09 |
Operating Cash Flow to Interest Expense |
|
1.70 |
1.94 |
1.60 |
3.62 |
1.51 |
0.71 |
1.16 |
5.21 |
2.47 |
0.40 |
0.22 |
Operating Cash Flow Less CapEx to Interest Expense |
|
1.57 |
1.78 |
1.53 |
3.54 |
1.50 |
0.69 |
1.12 |
5.14 |
2.43 |
0.36 |
0.22 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
Fixed Asset Turnover |
|
5.06 |
5.97 |
6.31 |
7.01 |
7.99 |
10.15 |
10.23 |
9.42 |
11.10 |
9.19 |
8.92 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
947 |
1,203 |
1,062 |
1,290 |
1,342 |
1,360 |
1,544 |
1,797 |
2,190 |
2,230 |
2,010 |
Invested Capital Turnover |
|
0.14 |
0.12 |
0.12 |
0.13 |
0.12 |
0.14 |
0.17 |
0.17 |
0.16 |
0.12 |
0.12 |
Increase / (Decrease) in Invested Capital |
|
627 |
256 |
-141 |
228 |
52 |
18 |
184 |
253 |
393 |
40 |
-220 |
Enterprise Value (EV) |
|
0.00 |
0.00 |
986 |
1,272 |
1,065 |
1,218 |
1,023 |
747 |
1,734 |
1,731 |
1,396 |
Market Capitalization |
|
0.00 |
0.00 |
655 |
696 |
509 |
790 |
698 |
1,167 |
880 |
850 |
873 |
Book Value per Share |
|
$18.83 |
$15.48 |
$17.55 |
$17.66 |
$19.04 |
$20.67 |
$23.02 |
$25.59 |
$27.21 |
$28.64 |
$29.47 |
Tangible Book Value per Share |
|
$12.30 |
$10.51 |
$12.62 |
$13.03 |
$14.46 |
$15.92 |
$17.50 |
$20.10 |
$21.71 |
$23.24 |
$23.92 |
Total Capital |
|
947 |
1,203 |
1,062 |
1,290 |
1,342 |
1,360 |
1,544 |
1,124 |
2,190 |
2,230 |
2,010 |
Total Debt |
|
501 |
726 |
531 |
725 |
729 |
629 |
629 |
0.00 |
1,011 |
1,013 |
768 |
Total Long-Term Debt |
|
501 |
726 |
531 |
725 |
729 |
629 |
629 |
0.00 |
1,011 |
1,013 |
768 |
Net Debt |
|
374 |
525 |
330 |
575 |
556 |
428 |
325 |
-531 |
743 |
770 |
412 |
Capital Expenditures (CapEx) |
|
1.99 |
3.88 |
2.26 |
2.65 |
0.42 |
1.51 |
2.20 |
2.67 |
2.60 |
7.43 |
2.52 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
501 |
726 |
531 |
725 |
729 |
629 |
629 |
672 |
1,011 |
1,013 |
768 |
Total Depreciation and Amortization (D&A) |
|
4.12 |
5.11 |
5.41 |
6.47 |
7.18 |
9.30 |
5.76 |
6.62 |
4.87 |
6.27 |
6.10 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.80 |
$1.38 |
$1.02 |
$1.35 |
$1.87 |
$2.08 |
$1.80 |
$3.24 |
$3.03 |
$2.08 |
$1.77 |
Adjusted Weighted Average Basic Shares Outstanding |
|
23.03M |
29.94M |
31.97M |
32.12M |
35.43M |
39.70M |
39.79M |
39.61M |
39.15M |
38.40M |
38.37M |
Adjusted Diluted Earnings per Share |
|
$0.79 |
$1.36 |
$1.01 |
$1.34 |
$1.86 |
$2.07 |
$1.79 |
$3.22 |
$3.01 |
$2.07 |
$1.76 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
23.48M |
30.28M |
31.97M |
32.12M |
35.43M |
39.70M |
39.79M |
39.61M |
39.15M |
38.40M |
38.37M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$2.08 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
29.86M |
30.09M |
31.97M |
32.12M |
35.43M |
39.70M |
39.79M |
39.61M |
39.15M |
38.40M |
38.37M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
30 |
43 |
31 |
43 |
61 |
81 |
85 |
130 |
126 |
87 |
75 |
Normalized NOPAT Margin |
|
34.57% |
33.45% |
22.19% |
28.20% |
37.79% |
41.78% |
33.55% |
46.79% |
40.06% |
32.33% |
28.40% |
Pre Tax Income Margin |
|
31.54% |
47.72% |
30.60% |
44.70% |
43.72% |
48.38% |
35.81% |
62.84% |
54.29% |
43.46% |
37.29% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
1.85 |
2.57 |
1.38 |
1.89 |
1.21 |
1.10 |
1.29 |
4.50 |
2.39 |
0.50 |
0.36 |
NOPAT to Interest Expense |
|
1.25 |
1.73 |
1.00 |
1.19 |
1.02 |
0.86 |
1.02 |
3.35 |
1.75 |
0.37 |
0.27 |
EBIT Less CapEx to Interest Expense |
|
1.72 |
2.41 |
1.31 |
1.82 |
1.20 |
1.09 |
1.26 |
4.44 |
2.35 |
0.47 |
0.35 |
NOPAT Less CapEx to Interest Expense |
|
1.12 |
1.57 |
0.93 |
1.12 |
1.02 |
0.84 |
0.98 |
3.29 |
1.71 |
0.34 |
0.26 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
38.14% |
22.05% |
29.24% |
22.24% |
16.01% |
16.57% |
20.08% |
14.74% |
23.53% |
36.72% |
45.15% |
Augmented Payout Ratio |
|
38.14% |
22.05% |
29.24% |
22.66% |
16.01% |
33.79% |
21.36% |
21.95% |
34.02% |
56.83% |
53.04% |
Quarterly Metrics And Ratios for ConnectOne Bancorp
This table displays calculated financial ratios and metrics derived from ConnectOne Bancorp's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
12.76% |
9.81% |
-4.82% |
-14.78% |
-19.10% |
-19.00% |
-8.20% |
-2.14% |
-0.45% |
3.67% |
9.45% |
EBITDA Growth |
|
-9.83% |
-2.04% |
-19.10% |
-33.50% |
-25.40% |
-41.15% |
-31.33% |
-9.88% |
-18.10% |
3.68% |
17.68% |
EBIT Growth |
|
-8.46% |
-0.96% |
-20.42% |
-34.84% |
-27.21% |
-43.24% |
-32.12% |
-10.71% |
-19.04% |
3.81% |
18.71% |
NOPAT Growth |
|
-9.91% |
-1.46% |
-20.56% |
-33.88% |
-25.97% |
-40.80% |
-30.98% |
-10.93% |
-19.83% |
5.70% |
17.65% |
Net Income Growth |
|
-9.91% |
-1.46% |
-20.56% |
-33.88% |
-25.97% |
-40.80% |
-30.98% |
-10.93% |
-19.83% |
5.70% |
17.65% |
EPS Growth |
|
-12.50% |
-1.27% |
-21.33% |
-34.62% |
-27.14% |
-41.03% |
-30.51% |
-9.80% |
-19.61% |
4.35% |
19.51% |
Operating Cash Flow Growth |
|
-31.86% |
71.81% |
-64.28% |
-15.36% |
12.28% |
-65.38% |
25.33% |
4.86% |
-153.33% |
13.80% |
-27.44% |
Free Cash Flow Firm Growth |
|
-570.56% |
-64.20% |
-75.68% |
112.94% |
99.63% |
94.25% |
91.40% |
-24.58% |
5,082.95% |
1,258.78% |
831.40% |
Invested Capital Growth |
|
41.67% |
21.88% |
24.59% |
-3.00% |
1.11% |
1.83% |
2.41% |
-2.19% |
-4.34% |
-9.86% |
-10.47% |
Revenue Q/Q Growth |
|
3.21% |
0.04% |
-14.28% |
-3.71% |
-2.02% |
0.17% |
-2.85% |
2.63% |
-0.33% |
4.31% |
2.56% |
EBITDA Q/Q Growth |
|
-11.21% |
13.69% |
-22.10% |
-15.44% |
-0.39% |
-10.31% |
-9.10% |
10.97% |
-9.48% |
13.55% |
3.18% |
EBIT Q/Q Growth |
|
-11.09% |
14.15% |
-24.27% |
-15.22% |
-0.68% |
-11.00% |
-9.43% |
11.53% |
-9.95% |
14.12% |
3.57% |
NOPAT Q/Q Growth |
|
-10.64% |
12.60% |
-23.43% |
-14.18% |
0.06% |
-9.97% |
-10.73% |
10.76% |
-9.94% |
18.71% |
-0.63% |
Net Income Q/Q Growth |
|
-10.64% |
12.60% |
-23.43% |
-14.18% |
0.06% |
-9.97% |
-10.73% |
10.76% |
-9.94% |
18.71% |
-0.63% |
EPS Q/Q Growth |
|
-10.26% |
11.43% |
-24.36% |
-13.56% |
0.00% |
-9.80% |
-10.87% |
12.20% |
-10.87% |
17.07% |
2.08% |
Operating Cash Flow Q/Q Growth |
|
-4.55% |
241.26% |
-79.99% |
29.86% |
26.61% |
5.23% |
-27.56% |
8.65% |
-164.39% |
324.54% |
-53.81% |
Free Cash Flow Firm Q/Q Growth |
|
10.43% |
39.71% |
-9.28% |
121.94% |
-102.57% |
-832.84% |
-63.46% |
292.28% |
69.95% |
116.93% |
3.17% |
Invested Capital Q/Q Growth |
|
-1.83% |
2.73% |
-3.06% |
-0.78% |
2.32% |
3.46% |
-2.51% |
-5.23% |
0.07% |
-2.51% |
-3.17% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
49.59% |
56.36% |
51.22% |
44.98% |
45.73% |
40.94% |
38.31% |
41.42% |
37.62% |
40.95% |
41.20% |
EBIT Margin |
|
48.28% |
55.09% |
48.67% |
42.85% |
43.44% |
38.60% |
35.98% |
39.10% |
35.33% |
38.65% |
39.03% |
Profit (Net Income) Margin |
|
35.49% |
39.94% |
35.68% |
31.80% |
32.47% |
29.19% |
26.82% |
28.94% |
26.15% |
29.76% |
28.83% |
Tax Burden Percent |
|
73.50% |
72.50% |
73.31% |
74.20% |
74.76% |
75.62% |
74.54% |
74.02% |
74.02% |
77.00% |
73.87% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
26.50% |
27.50% |
26.69% |
25.80% |
25.24% |
24.38% |
25.46% |
25.98% |
25.98% |
23.00% |
26.13% |
Return on Invested Capital (ROIC) |
|
6.01% |
6.32% |
5.81% |
4.46% |
4.31% |
3.55% |
3.29% |
3.64% |
3.25% |
3.71% |
3.78% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
6.01% |
6.32% |
5.81% |
4.46% |
4.31% |
3.55% |
3.29% |
3.64% |
3.25% |
3.71% |
3.78% |
Return on Net Nonoperating Assets (RNNOA) |
|
3.72% |
4.62% |
3.74% |
3.69% |
3.60% |
3.00% |
2.58% |
2.62% |
2.39% |
2.69% |
2.53% |
Return on Equity (ROE) |
|
9.73% |
10.94% |
9.55% |
8.15% |
7.91% |
6.56% |
5.87% |
6.26% |
5.64% |
6.39% |
6.31% |
Cash Return on Invested Capital (CROIC) |
|
-27.57% |
-13.44% |
-15.69% |
8.08% |
3.58% |
2.13% |
1.31% |
5.91% |
7.89% |
13.86% |
14.78% |
Operating Return on Assets (OROA) |
|
1.71% |
1.95% |
1.66% |
1.39% |
1.29% |
1.07% |
0.96% |
1.05% |
0.96% |
1.03% |
1.08% |
Return on Assets (ROA) |
|
1.25% |
1.42% |
1.22% |
1.03% |
0.96% |
0.81% |
0.71% |
0.78% |
0.71% |
0.80% |
0.79% |
Return on Common Equity (ROCE) |
|
8.77% |
9.88% |
8.64% |
7.38% |
7.16% |
5.95% |
5.33% |
5.68% |
5.12% |
5.82% |
5.74% |
Return on Equity Simple (ROE_SIMPLE) |
|
10.95% |
0.00% |
9.97% |
8.99% |
8.44% |
0.00% |
6.52% |
6.28% |
5.86% |
0.00% |
6.13% |
Net Operating Profit after Tax (NOPAT) |
|
29 |
33 |
25 |
21 |
21 |
19 |
17 |
19 |
17 |
20 |
20 |
NOPAT Margin |
|
35.49% |
39.94% |
35.68% |
31.80% |
32.47% |
29.19% |
26.82% |
28.94% |
26.15% |
29.76% |
28.83% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
29.56% |
26.30% |
40.95% |
37.13% |
38.75% |
33.21% |
47.19% |
39.94% |
40.35% |
30.73% |
43.37% |
Operating Expenses to Revenue |
|
39.45% |
40.87% |
49.90% |
52.69% |
54.28% |
57.31% |
57.78% |
57.10% |
58.88% |
56.24% |
55.98% |
Earnings before Interest and Taxes (EBIT) |
|
39 |
45 |
34 |
29 |
29 |
25 |
23 |
26 |
23 |
26 |
27 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
40 |
46 |
36 |
30 |
30 |
27 |
25 |
27 |
25 |
28 |
29 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.80 |
0.82 |
0.60 |
0.56 |
0.61 |
0.77 |
0.66 |
0.64 |
0.84 |
0.77 |
0.82 |
Price to Tangible Book Value (P/TBV) |
|
1.01 |
1.03 |
0.75 |
0.70 |
0.77 |
0.95 |
0.82 |
0.79 |
1.04 |
0.95 |
1.00 |
Price to Revenue (P/Rev) |
|
2.69 |
2.79 |
2.07 |
2.04 |
2.32 |
3.16 |
2.77 |
2.71 |
3.63 |
3.31 |
3.45 |
Price to Earnings (P/E) |
|
6.93 |
7.39 |
5.73 |
6.03 |
7.01 |
10.50 |
9.97 |
9.99 |
14.23 |
12.89 |
13.18 |
Dividend Yield |
|
2.70% |
3.34% |
4.70% |
5.04% |
4.74% |
3.02% |
3.60% |
3.73% |
2.83% |
3.12% |
2.96% |
Earnings Yield |
|
14.43% |
13.54% |
17.46% |
16.58% |
14.26% |
9.52% |
10.03% |
10.01% |
7.03% |
7.76% |
7.59% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.75 |
0.79 |
0.53 |
0.62 |
0.69 |
0.78 |
0.70 |
0.66 |
0.79 |
0.69 |
0.74 |
Enterprise Value to Revenue (EV/Rev) |
|
5.16 |
5.50 |
3.61 |
4.37 |
5.22 |
6.43 |
5.77 |
5.20 |
6.25 |
5.29 |
5.35 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
8.97 |
9.85 |
6.71 |
8.61 |
10.45 |
14.05 |
13.57 |
12.49 |
15.78 |
13.35 |
13.26 |
Enterprise Value to EBIT (EV/EBIT) |
|
9.25 |
10.13 |
6.93 |
8.92 |
10.89 |
14.80 |
14.34 |
13.23 |
16.76 |
14.17 |
14.05 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
12.64 |
13.85 |
9.48 |
12.17 |
14.81 |
19.90 |
19.18 |
17.70 |
22.48 |
18.91 |
18.80 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
11.14 |
9.81 |
7.64 |
9.14 |
10.15 |
18.64 |
15.67 |
13.89 |
28.77 |
22.99 |
26.23 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
7.59 |
19.38 |
36.84 |
53.96 |
11.07 |
9.83 |
4.75 |
4.74 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.86 |
0.86 |
0.78 |
0.76 |
0.81 |
0.83 |
0.79 |
0.68 |
0.66 |
0.62 |
0.55 |
Long-Term Debt to Equity |
|
0.86 |
0.86 |
0.78 |
0.76 |
0.81 |
0.83 |
0.79 |
0.68 |
0.66 |
0.62 |
0.55 |
Financial Leverage |
|
0.62 |
0.73 |
0.64 |
0.83 |
0.83 |
0.84 |
0.78 |
0.72 |
0.74 |
0.72 |
0.67 |
Leverage Ratio |
|
7.76 |
7.72 |
7.85 |
7.93 |
8.20 |
8.14 |
8.23 |
8.02 |
7.96 |
8.03 |
7.94 |
Compound Leverage Factor |
|
7.76 |
7.72 |
7.85 |
7.93 |
8.20 |
8.14 |
8.23 |
8.02 |
7.96 |
8.03 |
7.94 |
Debt to Total Capital |
|
46.13% |
46.17% |
43.89% |
43.05% |
44.87% |
45.43% |
44.03% |
40.57% |
39.87% |
38.21% |
35.62% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
46.13% |
46.17% |
43.89% |
43.05% |
44.87% |
45.43% |
44.03% |
40.57% |
39.87% |
38.21% |
35.62% |
Preferred Equity to Total Capital |
|
5.20% |
5.07% |
5.23% |
5.27% |
5.15% |
4.98% |
5.10% |
5.38% |
5.38% |
5.52% |
5.70% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
48.67% |
48.77% |
50.88% |
51.68% |
49.99% |
49.59% |
50.87% |
54.04% |
54.75% |
56.27% |
58.68% |
Debt to EBITDA |
|
5.55 |
5.74 |
5.56 |
5.95 |
6.80 |
8.22 |
8.54 |
7.67 |
7.94 |
7.34 |
6.36 |
Net Debt to EBITDA |
|
3.67 |
4.22 |
2.20 |
3.85 |
5.02 |
6.25 |
6.07 |
4.97 |
5.55 |
3.94 |
3.68 |
Long-Term Debt to EBITDA |
|
5.55 |
5.74 |
5.56 |
5.95 |
6.80 |
8.22 |
8.54 |
7.67 |
7.94 |
7.34 |
6.36 |
Debt to NOPAT |
|
7.82 |
8.07 |
7.85 |
8.41 |
9.64 |
11.64 |
12.07 |
10.86 |
11.31 |
10.41 |
9.02 |
Net Debt to NOPAT |
|
5.17 |
5.93 |
3.11 |
5.44 |
7.12 |
8.85 |
8.57 |
7.05 |
7.91 |
5.58 |
5.21 |
Long-Term Debt to NOPAT |
|
7.82 |
8.07 |
7.85 |
8.41 |
9.64 |
11.64 |
12.07 |
10.86 |
11.31 |
10.41 |
9.02 |
Noncontrolling Interest Sharing Ratio |
|
9.87% |
9.63% |
9.52% |
9.47% |
9.50% |
9.26% |
9.21% |
9.15% |
9.14% |
9.02% |
8.98% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-598 |
-361 |
-394 |
86 |
-2.22 |
-21 |
-34 |
65 |
111 |
240 |
248 |
Operating Cash Flow to CapEx |
|
2,226.46% |
8,631.96% |
571.12% |
3,468.84% |
5,728.30% |
813.38% |
14,871.01% |
17,837.60% |
-1,127.89% |
1,428.40% |
5,661.98% |
Free Cash Flow to Firm to Interest Expense |
|
-31.78 |
-10.46 |
-8.04 |
1.50 |
-0.04 |
-0.31 |
-0.49 |
0.95 |
1.60 |
3.79 |
4.20 |
Operating Cash Flow to Interest Expense |
|
1.27 |
2.37 |
0.33 |
0.37 |
0.44 |
0.42 |
0.30 |
0.33 |
-0.21 |
0.51 |
0.25 |
Operating Cash Flow Less CapEx to Interest Expense |
|
1.22 |
2.35 |
0.28 |
0.36 |
0.43 |
0.37 |
0.29 |
0.32 |
-0.23 |
0.47 |
0.25 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
Fixed Asset Turnover |
|
10.60 |
11.10 |
10.68 |
10.44 |
9.99 |
9.19 |
8.86 |
9.04 |
9.10 |
8.92 |
9.40 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
2,131 |
2,190 |
2,123 |
2,106 |
2,155 |
2,230 |
2,174 |
2,060 |
2,061 |
2,010 |
1,946 |
Invested Capital Turnover |
|
0.17 |
0.16 |
0.16 |
0.14 |
0.13 |
0.12 |
0.12 |
0.13 |
0.12 |
0.12 |
0.13 |
Increase / (Decrease) in Invested Capital |
|
627 |
393 |
419 |
-65 |
24 |
40 |
51 |
-46 |
-94 |
-220 |
-228 |
Enterprise Value (EV) |
|
1,588 |
1,734 |
1,126 |
1,312 |
1,485 |
1,731 |
1,520 |
1,362 |
1,634 |
1,396 |
1,444 |
Market Capitalization |
|
828 |
880 |
646 |
614 |
661 |
850 |
730 |
709 |
948 |
873 |
933 |
Book Value per Share |
|
$26.43 |
$27.21 |
$27.59 |
$27.78 |
$27.67 |
$28.64 |
$28.84 |
$29.04 |
$29.41 |
$29.47 |
$29.76 |
Tangible Book Value per Share |
|
$20.93 |
$21.71 |
$22.09 |
$22.30 |
$22.15 |
$23.24 |
$23.26 |
$23.47 |
$23.85 |
$23.92 |
$24.33 |
Total Capital |
|
2,131 |
2,190 |
2,123 |
2,106 |
2,155 |
2,230 |
2,174 |
2,060 |
2,061 |
2,010 |
1,946 |
Total Debt |
|
983 |
1,011 |
932 |
907 |
967 |
1,013 |
957 |
836 |
822 |
768 |
693 |
Total Long-Term Debt |
|
983 |
1,011 |
932 |
907 |
967 |
1,013 |
957 |
836 |
822 |
768 |
693 |
Net Debt |
|
649 |
743 |
369 |
587 |
714 |
770 |
680 |
542 |
575 |
412 |
401 |
Capital Expenditures (CapEx) |
|
1.08 |
0.95 |
2.87 |
0.61 |
0.47 |
3.48 |
0.14 |
0.13 |
1.27 |
2.26 |
0.26 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
983 |
1,011 |
932 |
907 |
967 |
1,013 |
957 |
836 |
822 |
768 |
693 |
Total Depreciation and Amortization (D&A) |
|
1.07 |
1.04 |
1.78 |
1.43 |
1.51 |
1.55 |
1.49 |
1.53 |
1.50 |
1.57 |
1.52 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.70 |
$0.79 |
$0.60 |
$0.51 |
$0.51 |
$0.46 |
$0.41 |
$0.46 |
$0.41 |
$0.49 |
$0.49 |
Adjusted Weighted Average Basic Shares Outstanding |
|
39.24M |
39.15M |
39.18M |
38.94M |
38.61M |
38.40M |
38.33M |
38.37M |
38.37M |
38.37M |
38.47M |
Adjusted Diluted Earnings per Share |
|
$0.70 |
$0.78 |
$0.59 |
$0.51 |
$0.51 |
$0.46 |
$0.41 |
$0.46 |
$0.41 |
$0.48 |
$0.49 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
39.24M |
39.15M |
39.18M |
38.94M |
38.61M |
38.40M |
38.33M |
38.37M |
38.37M |
38.37M |
38.47M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
39.24M |
39.15M |
39.18M |
38.94M |
38.61M |
38.40M |
38.33M |
38.37M |
38.37M |
38.37M |
38.47M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
29 |
31 |
25 |
21 |
21 |
19 |
17 |
19 |
18 |
20 |
21 |
Normalized NOPAT Margin |
|
35.49% |
38.59% |
35.68% |
31.80% |
32.47% |
29.19% |
26.82% |
28.94% |
26.99% |
29.76% |
30.22% |
Pre Tax Income Margin |
|
48.28% |
55.09% |
48.67% |
42.85% |
43.44% |
38.60% |
35.98% |
39.10% |
35.33% |
38.65% |
39.03% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
2.09 |
1.30 |
0.69 |
0.50 |
0.47 |
0.38 |
0.33 |
0.38 |
0.33 |
0.42 |
0.46 |
NOPAT to Interest Expense |
|
1.54 |
0.94 |
0.51 |
0.37 |
0.35 |
0.29 |
0.25 |
0.28 |
0.25 |
0.32 |
0.34 |
EBIT Less CapEx to Interest Expense |
|
2.03 |
1.28 |
0.64 |
0.49 |
0.46 |
0.33 |
0.33 |
0.37 |
0.32 |
0.38 |
0.46 |
NOPAT Less CapEx to Interest Expense |
|
1.48 |
0.92 |
0.45 |
0.36 |
0.34 |
0.24 |
0.25 |
0.28 |
0.23 |
0.29 |
0.34 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
22.86% |
23.53% |
25.59% |
26.96% |
31.38% |
36.72% |
40.90% |
42.47% |
45.36% |
45.15% |
43.84% |
Augmented Payout Ratio |
|
34.38% |
34.02% |
36.70% |
37.12% |
46.64% |
56.83% |
64.19% |
60.98% |
56.38% |
53.04% |
43.84% |
Key Financial Trends
ConnectOne Bancorp (NASDAQ:CNOB) has demonstrated a generally stable financial performance over the past several years, with quarterly data from mid-2022 through the first quarter of 2025 revealing important trends in earnings, operating cash flows, and balance sheet management.
Positive Trends:
- Net interest income remained robust, showing resilience with quarterly figures around $60M to $67M in recent quarters. For example, Q1 2025 net interest income was $65.8M, indicating stable core banking operations.
- Net income attributable to common shareholders has been steady, with Q1 2025 reporting approximately $18.7M, similar to Q1 2024 of $15.7M, showing consistent profitability.
- Earnings per share (basic and diluted) have held steady in recent quarters, typically around $0.49 to $0.51 per share, demonstrating stable shareholder returns.
- Provision for credit losses has remained controlled, generally between $1M and $3.8M per quarter, reflecting prudent risk management in loan portfolios.
- Operating cash flows are mostly positive, with Q1 2025 generating $14.9M in cash from operating activities, supporting liquidity and operational efficiency.
- Capital expenditures for property and equipment are relatively moderate, indicating controlled spending with investments aimed at maintaining and upgrading assets.
- The company maintains a substantial equity base, with total shareholders' equity at approximately $1.25 billion as of Q1 2025, providing a solid cushion for growth and risk absorption.
- Issuance and repayment of debt seem managed to maintain balance; the company issued $365M and repaid $440M in Q1 2025, suggesting active debt management.
- Consistent payment of dividends to common shareholders ($0.18 per share in recent quarters) reflects confidence in profitability and shareholder value.
Neutral Developments:
- Trading account securities and other assets remain sizable components of the balance sheet, with little dramatic change quarter to quarter, indicating steady investment strategy.
- Goodwill and intangible assets have remained stable across periods, showing no recent write-downs or acquisitions impacting the balance sheet significantly.
- Non-interest income, including service charges and capital gains, contributes modestly to total revenue but shows some quarter-to-quarter variability.
Negative Trends or Risks:
- There is a trend of occasional high fluctuations in net cash from financing activities, including large debt issuance and repayments, which may indicate exposure to refinancing risks or market volatility.
- Allowance for loan and lease losses is significant, consistently around $82M to $92M, reflecting ongoing credit risk which could pressure earnings if losses rise.
- Total assets showed minor fluctuations, sometimes declining quarter-over-quarter, possibly indicating portfolio shifts or deposit volatility.
- Non-interest expenses remain substantial, with salaries and employee benefits consistently above $21M per quarter, which puts pressure on net margins if revenues do not grow.
- Marketing and restructuring charges, although smaller in amount, add to operational expense burden, with restructuring charges appearing in some quarters.
Summary: ConnectOne Bancorp demonstrates consistent profitability with stable net interest margins, controlled credit losses, and disciplined capital management. While its balance sheet is sizable and equity strong, investors should monitor the fluctuation in financing cash flows and the significant allowance for loan losses. Operational costs remain high but manageable given the steady revenue base. The company’s steady dividend payments and core earning power appear supportive for long-term shareholder value.
08/23/25 08:21 PMAI Generated. May Contain Errors.