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 last several quarters, with some notable trends in income, cash flow, and balance sheet metrics.
Income Statement Trends:
- Net interest income has remained solid, with Q1 2025 at $65.8 million, slightly up from $64.7 million in Q4 2024, supporting core earnings stability.
- Net income attributable to common shareholders was $18.7 million in Q1 2025, consistent with $18.9 million in Q4 2024, showing steady profitability.
- Earnings per share (diluted) held steady at $0.49 in Q1 2025 compared to $0.48 in Q4 2024, reflecting stable shareholder returns.
- Provision for credit losses remained steady at $3.5 million in Q1 2025, indicating consistent credit quality management without significant deterioration.
- Total non-interest income increased from about $3.7 million in Q4 2024 to $4.5 million in Q1 2025, partly from higher realized capital gains, which is a mixed signal depending on sustainability.
- Non-interest expenses increased in Q1 2025 to $39.3 million from $38.5 million in Q4 2024, including a $1.32 million restructuring charge that may pressure margins.
- Salaries & employee benefits also rose slightly to $22.6 million in Q1 2025 versus $22.1 million in Q4 2024, which might signal rising operational costs.
Cash Flow Statement Insights:
- Strong net cash provided by operating activities was $14.9 million in Q1 2025, indicating healthy cash generation from core operations.
- Net cash flow from investing activities was positive $59.2 million in Q1 2025, significantly improved from a negative outflow of $156.5 million in Q4 2024, due to sales/maturities of investments.
- Net cash flow from financing activities was a large outflow of $138 million in Q1 2025 as the company repaid more debt ($440 million) than issued ($365 million), and paid $8.4 million in dividends, reducing liquidity.
- Overall, the company had a net decrease in cash and equivalents of about $63.9 million in Q1 2025, which is a reversal from prior quarter increases and could pressure liquidity.
Balance Sheet Highlights:
- Total assets grew to $9.76 billion in Q1 2025, an increase from $9.64 billion in Q4 2024, suggesting asset growth and possible expansion.
- Loans and leases net of allowance showed a net figure of negative $82.4 million in Q1 2025, reflecting the allowance balance but the underlying loan book detail needs to be reviewed for clarity.
- Interest bearing deposits at other banks increased to $243 million in Q1 2025, up from $187 million in Q3 2024, indicating growing short-term interest assets.
- Long-term debt decreased to $693 million in Q1 2025 from over $821 million in Q3 2024, consistent with debt repayments impacting cash flows but possibly reducing capital flexibility.
- Total equity including preferred stock was about $1.25 billion in Q1 2025, modestly up from $1.23 billion in Q3 2024, reflecting relative equity stability.
Summary:
ConnectOne Bancorp has demonstrated consistent profitability and stable net interest income throughout recent quarters, supported by solid operating cash flow. The company showed improvement in investing cash flow due to significant investment sales but faced a substantial net outflow in financing activities mainly from debt repayment and dividend payments, leading to a decline in cash reserves in Q1 2025. Operational costs increased slightly, including a restructuring charge that may impact short-term margins. The balance sheet shows moderate asset growth and declining long-term debt, suggesting careful financial management but necessitating close monitoring of liquidity and capital structure.
Investors should watch for management’s strategy on cost controls, credit quality maintenance, and financing activities going forward, as these will influence future earnings stability and balance sheet strength.
10/03/25 08:40 AM ETAI Generated. May Contain Errors.