ConnectOne Bancorp, Inc. CNOB

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

ConnectOne Bancorp, Inc., (the "Company" and with ConnectOne Bank, "we" or "us") a one-bank holding company, was incorporated in the State of New Jersey on November 12, 1982 as Center Bancorp, Inc. and commenced operations on May 1, 1983 upon the acquisition of all outstanding shares of capital stock of Union Center National Bank, its then principal subsidiary.

On January 20, 2014, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with ConnectOne Bancorp, Inc., a New Jersey corporation ("Legacy ConnectOne"). Effective July 1, 2014, the Company completed the merger contemplated by the Merger Agreement (the "Merger") with Legacy ConnectOne merging with and into the Company, with the Company as the surviving corporation. Also, at closing, the Company changed its name to "ConnectOne Bancorp, Inc." and changed its NASDAQ trading symbol to "CNOB". Immediately following the consummation of the Merger, Union Center National Bank merged with and into ConnectOne Bank, a New Jersey-chartered commercial bank ("ConnectOne Bank" or the "Bank") and a wholly-owned subsidiary of Legacy ConnectOne, with ConnectOne Bank continuing as the surviving bank.

Last close 32.69 2026-10-23
Market cap $1.64B 2026-06-30 share count
52-week range 23.20 - 34.14

Valuation FY2025 figures against the last close

P/S2.6x
P/E20.1x
P/FCF16.3x
EV/EBITDA—
Dividend yield1.9%
Diluted EPS1.63

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $644.9M$517.9M$490.1M$373.7M$301.7M$308.2M$271.5M$216.1M$181.3M$161.2M
Interest expense $353.3M$247.3M$255.1M$302.1M$38.9M$70.2M$85.2M$58.9M$36.3M$31.1M
Pre-tax income $112.7M$98.5M$117.0M$171.2M$175.1M$90.4M$94.0M$71.1M$68.5M$42.9M
Income tax $32.3M$24.7M$30.0M$46.0M$44.7M$19.1M$20.6M$10.8M$25.3M$11.8M
Net income $80.4M$73.8M$87.0M$125.2M$130.4M$71.3M$73.4M$60.4M$43.2M$31.1M
EPS, basic 1.641.772.083.033.241.802.081.871.351.02
EPS, diluted 1.631.762.073.013.221.792.071.861.341.01
Shares, diluted (wtd. avg.) 45.4M38.5M39.0M39.5M39.9M39.6M————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $380.9M$356.5M$242.7M$268.3M$265.5M$303.8M$201.5M$172.4M$149.6M$200.4M
Property, plant and equipment $55.3M$28.4M$30.8M$27.8M$29.0M$30.1M$19.2M$19.1M$21.7M$22.1M
Goodwill $220.2M$208.4M$208.4M$208.4M$208.4M$208.4M$162.6M$145.9M$145.9M$145.9M
Total assets $14.00B$9.88B$9.86B$9.64B$8.13B$7.55B$6.17B$5.46B$5.11B$4.43B
Long-term debt ——————$500.3M$600.0M$670.1M$476.3M
Total liabilities $12.43B$8.64B$8.64B$8.47B$7.01B$6.63B$5.44B$4.85B$4.54B$3.90B
Retained earnings $673.9M$631.4M$591.0M$535.9M$440.2M$332.0M$271.8M$211.3M$160.0M$126.5M
Total equity $1.57B$1.24B$1.22B$1.18B$1.12B$915.3M$731.2M$613.9M$565.4M$531.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $106.4M$60.7M$92.9M$176.8M$202.3M$81.1M$60.7M$89.1M$131.1M$49.7M
Depreciation and amortisation $6.1M$4.4M$4.5M$3.9M$3.8M$4.2M$3.1M$3.1M$3.2M$2.7M
Stock-based compensation $4.6M$4.6M$4.9M$4.9M$4.5M$2.9M$2.9M$1.9M$1.8M$2.1M
Capital expenditure $5.4M$3.8M$7.4M$3.3M$2.8M$2.2M$1.5M$2.1M$2.7M$2.7M
Investing cash flow -$186.2M$55.2M-$248.0M-$1.54B-$689.9M-$323.4M-$102.5M-$357.2M-$817.7M-$427.7M
Financing cash flow $104.2M-$2.1M$129.5M$1.37B$449.4M$344.5M$70.9M$290.9M$635.8M$377.5M
Dividends paid $32.0M$27.3M$25.9M$23.4M$17.5M$14.3M$12.2M$9.7M$9.6M$9.1M
Buybacks $0$5.8M$17.5M$13.1M$9.4M$911.0K——$180.0K—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-011892.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Revenue, FY2016: 161.2M Net income, FY2016: 31.1M Revenue, FY2017: 181.3M Net income, FY2017: 43.2M Revenue, FY2018: 216.1M Net income, FY2018: 60.4M Revenue, FY2019: 271.5M Net income, FY2019: 73.4M Revenue, FY2020: 308.2M Net income, FY2020: 71.3M Revenue, FY2021: 301.7M Net income, FY2021: 130.4M Revenue, FY2022: 373.7M Net income, FY2022: 125.2M Revenue, FY2023: 490.1M Net income, FY2023: 87M Revenue, FY2024: 517.9M Net income, FY2024: 73.8M Revenue, FY2025: 644.9M Net income, FY2025: 80.4M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $161.2M $181.3M $216.1M $271.5M $308.2M $301.7M $373.7M $490.1M $517.9M $644.9M
Gross profit — — — — — — — — — —
Net income $31.1M $43.2M $60.4M $73.4M $71.3M $130.4M $125.2M $87.0M $73.8M $80.4M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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