ConnectOne Bancorp, Inc.

ConnectOne Bancorp, Inc.

CNOB · NASDAQ · Financial Services / Banks - Regional

32.57USD-0.21 (-0.64%)

Price History

Full chart

Market Stats

Previous Close32.78
Open32.69
Day Range32.28 – 32.75
52-Week Range22.64 – 33.94
Volume285.40K
Market Cap1.56B
P/E (TTM)9.65
Forward P/E10.21
EPS3.22
Dividend Yield2.53%
Beta1.02
50-Day Avg32.34
200-Day Avg29.52

About

ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the United States. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking. It also provides retirement accounts, consumer and cash management services for business clients, including treasury direct, automated clearing house origination, remote deposit capture, and digital invoicing. In addition, the company offers consumer and commercial business loans, including lines of credit, commercial and residential mortgages, home equity and bridge loans, and other personal loans; commercial loans secured by collateral, such as business assets including accounts receivable, inventory and equipment, and mortgages filed on commercial and residential real estate, as well as cash balances and marketable securities. Further, the company provides real estate loans, which includes loans secured by first liens on completed commercial properties, including multifamily properties, to purchase or refinance properties; residential mortgages, such as loans secured by first liens on 1-4 family and condominiums; and cooperative residential real estate loans. The company was formerly known as Center Bancorp, Inc. and changed its name to ConnectOne Bancorp, Inc. in July 2014. ConnectOne Bancorp, Inc. was incorporated in 1982 and is headquartered in Englewood Cliffs, New Jersey.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Frank S. Sorrentino III
  • Employees750
  • Headquarters301 Sylvan Avenue, Englewood Cliffs, NJ, United States, 07632, USA
  • Websitehttps://www.connectonebank.com

Leadership

  • Mr. Frank S. Sorrentino IIIChairman & CEO · b. 1962
  • Ms. Elizabeth MagennisPresident & Director · b. 1970
  • Mr. William S. BurnsSenior EVP & CFO · b. 1960
  • Ms. Laura CriscioneExecutive VP, Corporate Secretary & Chief Compliance Officer · b. 1969
  • Mr. Joseph T. JavitzFirst Senior VP & Chief Credit Officer · b. 1958
  • Mr. Robert A. Schwartz Esq.Executive VP & General Counsel · b. 1964
  • Ms. Siya VansiaExecutive VP & Chief Brand & Innovation Officer
  • Mr. Michael RozmanPresident of BoeFly Division
  • Ms. Ali M. MatteraChief Digital Officer
  • Mr. Mark J. PappasExecutive VP & Chief Risk Officer · b. 1961

Financials

Income Statement

Currency: USD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue22.50M27.10M31.82M31.70M33.18M37.29M40.86M43.80M39.17M43.44M54.34M53.96M56.50M52.54M55.02M51.19M59.41M61.58M64.12M101.70M149.92M171.16M189.53M221.61M279.52M322.60M316.75M386.99M504.07M534.62M606.47M
Growth (%)-+20.44%+17.41%-0.37%+4.67%+12.38%+9.57%+7.21%-10.59%+10.90%+25.10%-0.70%+4.71%-7.01%+4.72%-6.96%+16.06%+3.67%+4.12%+58.62%+47.40%+14.17%+10.73%+16.93%+26.13%+15.41%-1.81%+22.17%+30.25%+6.06%+13.44%
Cost of Revenue8.80M11.50M14.51M13.70M12.91M16.55M16.66M14.88M13.25M14.72M23.30M29.03M30.98M25.66M27.24M19.86M14.63M12.10M11.43M19.49M36.42M69.80M42.26M80.02M93.27M111.21M33.36M89.38M243.16M284.35M338.62M
Gross Profit13.70M15.60M17.31M18.00M20.27M20.74M24.19M28.92M25.92M28.72M31.04M24.98M25.52M26.88M27.77M31.32M44.78M49.48M52.69M82.21M113.50M101.36M147.27M141.59M186.25M211.39M283.39M297.61M260.91M250.26M267.86M
Gross Margin60.89%57.56%54.41%56.78%61.10%55.63%59.22%66.03%66.17%66.11%57.13%46.30%45.17%51.17%50.48%61.20%75.38%80.35%82.17%80.84%75.71%59.22%77.71%63.89%66.63%65.53%89.47%76.90%51.76%46.81%44.17%
Operating Expense8.20M9.80M10.61M11.70M13.29M13.35M15.22M17.20M18.34M19.47M22.21M24.41M24.60M19.47M23.06M24.10M23.44M24.30M25.28M54.80M52.26M58.51M78.76M70.45M92.23M121.00M108.34M126.39M143.95M151.80M155.11M
Operating Income5.50M5.80M6.70M6.30M6.98M7.39M8.98M11.72M7.58M9.25M8.83M569.00K923.00K7.41M4.72M7.23M21.34M25.18M27.41M27.41M61.24M42.86M68.51M71.13M94.03M90.39M175.06M171.22M116.96M98.47M112.74M
Operating Margin24.44%21.40%21.06%19.87%21.04%19.83%21.97%26.76%19.36%21.29%16.25%1.05%1.63%14.10%8.57%14.12%35.92%40.89%42.75%26.95%40.85%25.04%36.15%32.10%33.64%28.02%55.27%44.25%23.20%18.42%18.59%
EBITDA6.20M6.90M8.40M7.90M8.45M8.98M10.96M15.20M15.05M11.48M11.11M2.63M2.79M9.24M6.17M8.39M22.32M26.10M28.30M29.45M64.46M46.38M72.39M74.82M98.49M97.19M180.79M176.77M122.90M104.12M126.75M
EBITDA Margin27.56%25.46%26.40%24.92%25.48%24.07%26.82%34.70%38.42%26.43%20.44%4.88%4.93%17.59%11.21%16.39%37.57%42.38%44.13%28.96%43.00%27.10%38.19%33.76%35.23%30.13%57.08%45.68%24.38%19.48%20.90%
Net Income4.00M4.20M4.50M4.20M4.63M5.00M6.01M8.00M6.42M7.62M7.65M3.90M3.86M5.84M3.77M7.00M13.93M17.51M19.93M18.57M41.31M31.08M43.22M60.35M73.39M71.29M130.35M125.21M87.00M73.79M80.44M
Net Income Margin17.78%15.50%14.14%13.25%13.95%13.42%14.71%18.27%16.39%17.55%14.07%7.22%6.82%11.12%6.85%13.68%23.44%28.43%31.08%18.25%27.56%18.16%22.80%27.23%26.26%22.10%41.15%32.36%17.26%13.80%13.26%
R&D----------------00000000-------
R&D as % of Total Revenue----------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense8.80M11.60M14.50M13.60M12.80M16.18M16.01M14.52M12.73M13.97M23.30M28.97M30.63M24.09M22.64M14.79M12.18M11.78M11.08M14.81M23.81M31.10M36.26M58.92M85.17M70.21M38.86M71.63M234.96M270.55M291.62M
Interest Expense % of Total Revenue39.11%42.80%45.57%42.90%38.58%43.40%39.18%33.15%32.49%32.16%42.87%53.70%54.21%45.86%41.16%28.88%20.50%19.12%17.28%14.56%15.88%18.17%19.13%26.59%30.47%21.76%12.27%18.51%46.61%50.61%48.08%

Balance Sheet

Currency: USD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets347.80M459.20M473.10M470.10M509.62M569.55M689.60M823.44M921.82M1.01B1.11B1.05B1.02B1.02B1.20B1.21B1.43B1.63B1.67B3.45B4.02B4.43B5.11B5.46B6.17B7.55B8.13B9.64B9.86B9.88B14.00B
Total Liabilities320.10M429.00M439.70M433.50M473.11M530.40M645.31M772.38M867.64M940.37M1.02B953.77M932.37M941.58M1.09B1.09B1.30B1.47B1.50B3.00B3.54B3.90B4.54B4.85B5.44B6.63B7.01B8.47B8.64B8.64B12.43B
Total Equity27.70M30.20M33.40M36.60M36.51M39.18M44.30M51.05M54.18M68.64M99.49M97.61M85.28M81.71M102.55M120.96M135.92M160.69M168.58M446.22M477.34M531.03M565.44M613.93M731.19M915.31M1.12B1.18B1.22B1.24B1.57B
Cash30.20M43.10M26.10M16.00M18.68M22.27M29.67M23.22M16.51M12.03M19.34M34.09M20.54M15.03M89.17M37.50M111.10M106.14M82.69M126.85M200.90M200.40M149.58M172.37M201.48M303.76M265.54M268.31M242.71M356.49M92.41M
Total Debt22.30M-700.00K52.60M80.75M101.26M142.30M150.43M230.19M231.82M309.43M211.59M223.26M303.74M274.41M218.01M166.16M501.97M328.23M790.24M922.51M777.09M1.24B1.13B645.63M646.63M633.56M1.02B1.03B783.51M1.17B
Net Debt-7.90M-43.10M-25.40M36.60M62.08M78.99M112.63M127.21M213.68M219.79M290.08M177.50M202.72M288.71M185.24M180.51M55.05M45.02M68.46M373.86M525.85M330.42M575.19M556.19M444.14M342.87M368.02M753.96M783.48M427.02M1.08B

Cash Flow

Currency: USD1995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow7.00M300.00K7.80M7.00M3.82M7.31M10.25M10.53M12.66M10.18M7.27M5.55M1.89M-704.00K8.68M17.65M18.08M21.07M23.15M25.19M46.23M49.71M131.13M89.06M60.69M81.13M202.27M176.78M92.89M60.70M106.40M
Investing Cash Flow-11.70M-94.60M-33.20M-8.50M-39.46M-55.71M-114.75M-141.32M-113.30M-92.76M-3.11M98.31M53.74M-58.62M-106.90M-68.65M-152.58M-108.32M-77.55M-140.00M-504.75M-427.67M-817.73M-357.21M-102.47M-323.37M-689.86M-1.54B-248.04M55.15M-186.16M
Financing Cash Flow16.50M107.10M8.50M-8.60M38.34M52.00M111.89M124.34M93.93M78.11M3.16M-78.83M-29.95M4.33M172.36M-667.00K208.10M82.29M30.95M158.97M531.65M377.46M635.78M290.94M70.90M344.51M449.37M1.37B129.55M-2.08M104.17M
Capital Expenditure700.00K3.60M200.00K1.40M1.49M1.49M3.21M2.63M4.05M3.59M2.00M2.22M182.00K2.88M742.00K300.00K316.00K842.00K973.00K1.99M3.88M2.70M2.66M2.05M1.53M2.20M2.78M3.30M7.43M3.79M5.39M
Free Cash Flow6.30M-3.30M7.60M5.60M2.33M5.82M7.04M7.90M8.61M6.58M5.27M3.33M1.70M-3.59M7.93M17.35M17.77M20.22M22.18M23.20M42.35M47.01M128.47M87.01M59.16M78.93M199.49M173.48M85.46M56.91M101.01M
Dividends Paid1.80M1.80M1.90M2.00M2.21M2.27M2.34M2.75M3.01M3.24M4.52M4.81M4.88M4.67M3.59M2.30M2.37M3.14M4.39M7.08M9.11M9.09M9.61M9.66M12.16M14.32M19.21M29.46M31.95M33.32M37.99M
FCF to OCF90.00%-1100.00%97.44%80.00%60.90%79.64%68.67%75.03%68.04%64.70%72.52%60.01%90.35%509.38%91.45%98.30%98.25%96.00%95.80%92.12%91.61%94.56%97.97%97.70%97.48%97.29%98.62%98.13%92.00%93.75%94.94%
Dividend Paid to FCF28.57%-54.55%25.00%35.71%95.10%38.92%33.22%34.76%34.99%49.19%85.75%144.43%286.68%-130.37%45.27%13.26%13.35%15.53%19.82%30.51%21.51%19.33%7.48%11.11%20.55%18.14%9.63%16.99%37.38%58.55%37.61%

Earnings

Report DateMar 31, 1998Jun 30, 1998Sep 30, 1998Mar 31, 1999Jun 30, 1999Sep 30, 1999Mar 31, 2000Jun 30, 2000Sep 30, 2000Dec 31, 2000Mar 31, 2001Jun 30, 2001Sep 30, 2001Dec 31, 2001Apr 16, 2002Jul 25, 2002Oct 24, 2002Jan 23, 2003Apr 15, 2003Jul 24, 2003Oct 23, 2003Jan 22, 2004Apr 20, 2004Jul 29, 2004Oct 28, 2004Jan 27, 2005Apr 19, 2005Jul 28, 2005Oct 27, 2005Jan 31, 2006Apr 27, 2006Jul 31, 2006Oct 26, 2006Jan 25, 2007Apr 26, 2007Jul 26, 2007Oct 26, 2007Feb 1, 2008Apr 24, 2008Jul 25, 2008Oct 24, 2008Feb 2, 2009Apr 27, 2009Jul 31, 2009Oct 29, 2009Jan 29, 2010May 3, 2010Jul 29, 2010Oct 28, 2010Jan 28, 2011Apr 27, 2011Jul 28, 2011Oct 27, 2011Jan 26, 2012Apr 26, 2012Jul 26, 2012Oct 25, 2012Jan 25, 2013Apr 25, 2013Jul 25, 2013Oct 24, 2013Jan 21, 2014Apr 24, 2014Jul 25, 2014Oct 24, 2014Jan 28, 2015Apr 24, 2015Jul 24, 2015Oct 23, 2015Jan 27, 2016Apr 26, 2016Jul 22, 2016Oct 25, 2016Jan 26, 2017Apr 27, 2017Jul 27, 2017Oct 26, 2017Jan 25, 2018Apr 26, 2018Jul 26, 2018Oct 25, 2018Jan 24, 2019Apr 25, 2019Jul 25, 2019Oct 24, 2019Jan 23, 2020Apr 30, 2020Jul 30, 2020Oct 29, 2020Jan 28, 2021Apr 29, 2021Jul 29, 2021Oct 28, 2021Jan 27, 2022Apr 28, 2022Jul 28, 2022Oct 27, 2022Jan 26, 2023Apr 27, 2023Jul 27, 2023Oct 26, 2023Jan 25, 2024Apr 25, 2024Jul 25, 2024Oct 24, 2024Jan 30, 2025Apr 24, 2025Jul 29, 2025Oct 30, 2025Jan 29, 2026Apr 23, 2026Jul 23, 2026Oct 29, 2026
EPS Estimate--------------0.200.210.200.200.210.190.190.200.160.170.180.180.180.160.170.120.030.090.110.090.060.060.11------------0.150.170.160.190.200.230.250.240.270.270.270.280.300.290.520.310.350.370.360.370.370.340.350.35-0.100.380.380.360.430.530.530.560.550.520.580.570.630.410.390.560.540.650.700.720.750.740.750.780.830.650.480.500.460.420.410.440.430.460.590.670.730.730.830.85
EPS Actual0.120.100.110.120.120.120.120.130.130.140.130.150.150.180.200.210.220.180.170.160.160.170.170.180.200.190.160.170.140.14-0.080.100.100.160.090.070.100.040.090.110.120.130.050.080.110.060.010.130.140.150.180.180.220.200.250.260.270.270.300.300.310.300.310.310.270.320.320.340.340.390.360.380.40-0.070.330.420.460.510.530.540.570.590.490.570.600.610.350.540.630.650.830.810.800.790.750.800.700.790.590.510.510.460.410.460.420.520.510.550.700.830.790.84-
Surprise--------------0.00%0.00%10.00%-10.00%-19.05%-15.79%-15.79%-15.00%6.25%5.88%11.11%5.56%-11.11%6.25%-17.65%16.67%-366.67%11.11%-9.09%77.78%50.00%16.67%-9.09%------------0.00%5.88%12.50%15.79%0.00%8.70%4.00%12.50%0.00%11.11%11.11%10.71%0.00%6.90%-40.38%-12.90%-8.57%-13.51%-5.56%-8.11%5.41%5.88%8.57%14.29%30.00%-13.16%10.53%27.78%18.60%0.00%1.89%1.79%7.27%-5.77%-1.72%5.26%-3.17%-14.63%38.46%12.50%20.37%27.69%15.71%11.11%5.33%1.35%6.67%-10.26%-4.82%-9.23%6.25%2.00%0.00%-2.38%12.20%-4.55%20.93%10.87%-6.78%4.48%13.70%8.22%1.20%-
Timing--------------Pre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-market-Pre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hours------------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap1.56B
Enterprise Value2.24B
Trailing P/E9.65
Forward P/E10.21
PEG Ratio1.83
Price / Sales3.53
Price / Book1.01
EPS3.22
Book Value30.19
Revenue (TTM)443.30M
Gross Profit (TTM)443.30M
Profit Margin36.09%
Operating Margin55.18%
Return on Equity10.25%
Return on Assets1.13%
Shares Outstanding50.32M
Shares Float47.52M
Beta1.02
Dividend Yield2.53%
Dividend Rate0.78
Payout Ratio23.73%

Analyst Ratings

Strong Buy
Based on 5 analystsTarget 36.75
  • Strong Buy
    3
  • Buy
    2

Ownership Breakdown

Institutions
75.79%
Insiders
5.36%
Retail / Other
18.85%

Top Institutional Holders

  • BlackRock Inc
    4.65M9.25%
  • Dimensional Fund Advisors, Inc.
    2.90M5.75%
  • Wellington Management Company LLP
    2.69M5.35%
  • FMR Inc
    2.34M4.65%
  • Vanguard Capital Management, LLC
    2.15M4.26%
  • State Street Corp
    1.55M3.07%
  • The Goldman Sachs Group Inc
    1.27M2.52%
  • American Century Companies Inc
    1.25M2.48%
  • Geode Capital Management, LLC
    1.25M2.48%
  • Kennedy Capital Management Inc
    985.48K1.96%
  • Bank of America Corp
    922.38K1.83%
  • Delaware Management Holdings Inc
    830.07K1.65%
  • Stieven Capital Advisors, L.p.
    670.38K1.33%
  • Nuveen, LLC
    598.69K1.19%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    1.53M3.04%
  • iShares Russell 2000 ETF
    1.26M2.50%
  • Avantis US Small Cap Value ETF
    1.21M2.40%
  • Nomura Small Cap Value A
    1.09M2.16%
  • DFA US Small Cap Value I
    682.46K1.36%
  • Fidelity Advisor Small Cap I
    662.31K1.32%

Dividends

20264×
0.20Nov 13, 20260.20Aug 14, 20260.20May 15, 20260.18Feb 13, 2026
20254×
0.18Nov 14, 20250.18Aug 15, 20250.18May 15, 20250.18Feb 18, 2025
20244×
0.18Nov 15, 20240.18Aug 15, 20240.18May 14, 20240.17Feb 14, 2024
20234×
0.17Nov 14, 20230.17Aug 14, 20230.17May 12, 20230.15Feb 16, 2023
20224×
0.15Nov 10, 20220.15Aug 12, 20220.15May 13, 20220.13Feb 11, 2022
20214×
0.13Nov 12, 20210.11Aug 13, 20210.11May 14, 20210.09Feb 11, 2021

Stock Splits

  • Apr 27, 2007105:100
  • May 26, 2005105:100
  • Jun 3, 20032:1
  • May 15, 2002105:100
  • May 16, 2001105:100
  • May 14, 1999105:100
  • Jun 1, 19983:2
  • May 14, 199721:20
  • Jun 3, 19963:2