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ConnectOne Bancorp (CNOBP) Financials

ConnectOne Bancorp logo
$23.69 -0.15 (-0.63%)
As of 08/1/2025 04:00 PM Eastern
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Annual Income Statements for ConnectOne Bancorp

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.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 18 41 31 43 60 73 71 129 119 81 68
Consolidated Net Income / (Loss)		 19 41 31 43 60 73 71 130 125 87 74
Net Income / (Loss) Continuing Operations		 19 41 31 43 60 73 71 130 125 87 74
Total Pre-Tax Income 		27 61 43 69 71 94 90 175 171 117 98
Total Revenue		 87 128 140 153 163 194 252 279 315 269 264
Net Interest Income / (Expense)		 79 117 130 145 157 186 238 263 302 255 247
Total Interest Income		 94 141 161 181 216 271 308 302 374 490 518
Loans and Leases Interest Income		 78 125 148 169 202 255 297 294 353 454 478
Investment Securities Interest Income		 16 15 13 12 14 15 11 7.79 18 25 27
Federal Funds Sold and Securities Borrowed Interest Income		 0.14 0.18 0.76 0.71 0.84 1.17 0.69 0.41 2.49 11 13
Total Interest Expense		 15 24 31 36 59 85 70 39 72 235 271
Deposits Interest Expense		 8.26 14 19 24 40 66 52 25 51 206 245
Long-Term Debt Interest Expense		 6.55 10 12 13 19 20 18 14 21 29 26
Total Non-Interest Income		 7.50 11 9.92 8.20 5.47 8.04 14 16 13 14 17
Other Service Charges		 3.20 2.91 2.90 2.72 2.58 4.03 7.08 6.62 7.47 6.10 6.86
Net Realized & Unrealized Capital Gains on Investments		 3.00 4.26 4.47 2.30 -0.21 0.53 2.32 4.30 0.17 1.59 2.73
Other Non-Interest Income		 1.30 4.01 2.56 3.18 3.09 3.48 5.01 4.77 5.60 6.32 7.14
Provision for Credit Losses		 4.68 13 39 6.00 21 8.10 41 -5.50 18 8.20 14
Total Non-Interest Expense		 55 54 59 79 70 92 121 109 126 144 152
Salaries and Employee Benefits		 19 28 31 35 40 49 59 64 81 88 90
Net Occupancy & Equipment Expense		 7.89 11 13 13 13 14 20 23 9.87 11 12
Marketing Expense		 0.50 0.85 1.04 1.00 0.98 1.35 1.20 1.32 1.69 1.97 2.42
Property & Liability Insurance Claims		 1.62 2.11 2.94 3.49 3.12 2.01 4.00 2.67 2.88 8.37 7.20
Other Operating Expenses		 8.53 9.24 10 26 12 14 18 16 28 33 38
Amortization Expense		 - - - - 0.63 - 2.56 1.98 1.69 1.44 1.24
Restructuring Charge		 12 - 0.00 0.00 1.34 8.96 17 0.00 0.00 0.00 1.61
Other Special Charges		 4.55 2.40 - 0.00 0.00 1.05 - - 1.52 0.00 0.00
Income Tax Expense		 8.85 20 12 25 11 21 19 45 46 30 25
Preferred Stock Dividends Declared		 0.11 0.11 0.02 - - 0.00 0.00 1.72 6.04 6.04 6.04
Basic Earnings per Share		 $0.80 $1.37 $1.02 $1.35 $1.87 $2.08 $1.80 $3.24 $3.03 $2.08 $1.77
Weighted Average Basic Shares Outstanding		 23.10M 30.10M 30.50M 32M 35.43M 39.70M 39.79M 39.61M 39.15M 38.40M 38.37M
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
Weighted Average Diluted Shares Outstanding		 23.10M 30.10M 30.50M 32M 35.43M 39.70M 39.79M 39.61M 39.15M 38.40M 38.37M
Weighted Average Basic & Diluted Shares Outstanding		 23.10M 30.10M 30.50M 32M 35.43M 39.70M 39.79M 39.61M 39.15M 38.40M 38.37M
Cash Dividends to Common per Share		 $0.30 $0.30 $0.30 $0.30 $0.00 $0.36 $0.27 $0.48 $0.60 $0.67 $0.71

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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 steady financial performance over the last four years through Q1 2025, with some notable trends in its income statement, cash flow, and balance sheet.

Positive financial highlights include:

  • Consistent profitability with net income attributable to common shareholders generally increasing over the years, reaching $18.7 million in Q1 2025 from about $15.7 million in Q3 2023.
  • Stable earnings per share (EPS) growth: Diluted EPS was $0.49 in Q1 2025, up from $0.41-$0.46 range throughout 2024 and about $0.41-$0.46 in 2023, indicating improvement in profitability on a per-share basis.
  • Net interest income remains a strong revenue driver: For Q1 2025, net interest income was approximately $65.8 million, showing resilience and slight growth compared to previous quarters.
  • Operating efficiency improvements: Although non-interest expenses vary, efforts to control marketing and property & liability claims expenses appear steady or improving in proportion to revenue.
  • Robust cash flows from operating activities: For Q1 2025, net cash from continuing operating activities was $14.9 million, supporting liquidity and operating needs.
  • A strong investment portfolio with steady interest income from securities, contributing around $7 million in Q1 2025.
  • Increasing total assets over time, totaling approximately $9.76 billion in Q1 2025, reflecting growth in the bank’s asset base.
  • Equity position has strengthened with total common equity reaching around $1.14 billion in Q1 2025, supporting the bank’s capital adequacy.
  • Consistent payment of dividends, maintaining around $0.17 to $0.18 per share, indicating a shareholder-friendly policy.
  • Reduction in provision for credit losses from higher levels in prior years to $3.5 million in Q1 2025, pointing to better asset quality or improved credit conditions.

Neutral factors to monitor:

  • Fluctuations in total interest income reflect sensitivity to interest rate changes and loan portfolio mix.
  • Changes in deposits and debt levels swing significantly quarter-to-quarter due to issuance and repayment activities, impacting financing cash flows.
  • Allowance for loan and lease losses remains sizable (~$82 million), requiring vigilance on credit risk management.
  • Goodwill and intangible assets remain steady (~$208 million goodwill, $0-$7 million intangible assets), with no major impairments reported.
  • Accumulated other comprehensive loss (AOCI) fluctuates but remains negative, reflecting changes in unrealized gains/losses.

Negative considerations and risks:

  • Interest expense on deposits and long-term debt has increased compared to earlier years, reaching $59 million in Q1 2025, pressuring net interest margins.
  • Net cash used in financing activities in Q1 2025 was negative $138 million mainly due to debt repayments and dividend payments, which may constrain cash reserves.
  • Provision for credit losses and higher non-interest expenses in some quarters can weigh on profitability if credit conditions worsen or costs rise unexpectedly.
  • Low level or absence of treasury stock repurchases in recent quarters could limit capital return options compared to prior repurchase activities.
  • Volatility in non-interest income, especially capital gains, introduces some earnings variability.

Summary: ConnectOne Bancorp has shown solid earnings growth and a stable financial condition supported by strong net interest income and prudent credit loss provisioning. The bank is maintaining a healthy capital base and consistent dividend payments, which are positives for shareholders. However, investors should watch for rising interest expenses, cash outflows from financing activities, and the ongoing management of credit risks as potential challenges. Overall, the bank’s financial fundamentals appear sound, with cautious optimism recommended given the prevailing economic and interest rate environment.

08/03/25 10:34 AMAI Generated. May Contain Errors.

Frequently Asked Questions About ConnectOne Bancorp's Financials

When does ConnectOne Bancorp's fiscal year end?

According to the most recent income statement we have on file, ConnectOne Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has ConnectOne Bancorp's net income changed over the last 10 years?

ConnectOne Bancorp's net income appears to be on an upward trend, with a most recent value of $73.79 million in 2024, rising from $18.57 million in 2014. The previous period was $87.00 million in 2023.

How has ConnectOne Bancorp's revenue changed over the last 10 years?

Over the last 10 years, ConnectOne Bancorp's total revenue changed from $86.90 million in 2014 to $264.07 million in 2024, a change of 203.9%.

How much debt does ConnectOne Bancorp have?

ConnectOne Bancorp's total liabilities were at $8.64 billion at the end of 2024, a 0.0% decrease from 2023, and a 187.7% increase since 2014.

How much cash does ConnectOne Bancorp have?

In the past 10 years, ConnectOne Bancorp's cash and equivalents has ranged from $31.29 million in 2015 to $319.89 million in 2021, and is currently $57.82 million as of their latest financial filing in 2024.

How has ConnectOne Bancorp's book value per share changed over the last 10 years?

Over the last 10 years, ConnectOne Bancorp's book value per share changed from 18.83 in 2014 to 29.47 in 2024, a change of 56.5%.


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This page (NASDAQ:CNOBP) was last updated on 8/3/2025 by MarketBeat.com Staff
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