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ConnectOne Bancorp
(NASDAQ:CNOB)
ConnectOne Bancorp (CNOB) vs. SPDR S&P 500 ETF (SPY)
ConnectOne Bancorp Business Overview & Revenue Model
ConnectOne Bancorp Earnings Call Summary
ConnectOne Bancorp Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 530.40M | 534.62M | 504.07M | 386.99M | 316.75M | 322.60M |
| Gross Profit | 256.82M | 250.26M | 260.91M | 297.61M | 283.39M | 211.39M |
| EBITDA | 108.34M | 104.12M | 122.90M | 176.77M | 180.79M | 97.19M |
| Net Income | 76.83M | 73.79M | 87.00M | 125.21M | 130.35M | 71.29M |
Balance Sheet | ||||||
| Total Assets | 9.76B | 9.88B | 9.86B | 9.64B | 8.13B | 7.55B |
| Cash, Cash Equivalents and Short-Term Investments | 706.12M | 360.70M | 859.88M | 903.20M | 800.04M | 791.71M |
| Total Debt | 707.86M | 783.51M | 1.03B | 1.02B | 633.56M | 646.63M |
| Total Liabilities | 8.51B | 8.64B | 8.64B | 8.47B | 7.01B | 6.63B |
| Stockholders Equity | 1.25B | 1.24B | 1.22B | 1.18B | 1.12B | 915.31M |
Cash Flow | ||||||
| Free Cash Flow | 51.15M | 56.91M | 85.46M | 173.48M | 199.49M | 78.93M |
| Operating Cash Flow | 55.07M | 60.70M | 92.89M | 176.78M | 202.27M | 81.13M |
| Investing Cash Flow | 81.25M | 55.15M | -248.04M | -1.54B | -689.86M | -323.37M |
| Financing Cash Flow | -121.30M | -2.08M | 129.55M | 1.37B | 449.37M | 344.51M |
ConnectOne Bancorp Technical Analysis
ConnectOne Bancorp Risk Analysis
ConnectOne Bancorp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $1.03B | 11.21 | 11.99% | 3.31% | 10.94% | 17.66% | |
77 Outperform | $1.01B | 9.79 | 15.41% | 1.57% | 10.80% | 10.48% | |
73 Outperform | $1.26B | 13.70 | 6.21% | 2.89% | 2.27% | -2.50% | |
72 Outperform | $937.84M | 10.67 | 11.03% | 4.65% | 9.34% | 8.12% | |
71 Outperform | $988.17M | 13.55 | 6.01% | 6.15% | 4.33% | -11.14% | |
68 Neutral | $16.89B | 11.69 | 9.78% | 3.90% | 11.76% | -7.55% | |
56 Neutral | $945.31M | 12.71 | 10.45% | 3.79% | 37.59% | 969.87% |
ConnectOne Bancorp Corporate Events
On July 10, 2025, ConnectOne Bancorp, Inc. announced plans to release its second-quarter financial results on July 29, 2025, before the market opens. The company will host a conference call and audio webcast on the same day to discuss its financial performance and operating results, led by Chairman and CEO Frank Sorrentino III and CFO William S. Burns. This announcement is significant for stakeholders as it provides insights into the company’s financial health and strategic direction.
The most recent analyst rating on (CNOB) stock is a Buy with a $31.00 price target. To see the full list of analyst forecasts on ConnectOne Bancorp stock, see the CNOB Stock Forecast page.
On June 1, 2025, ConnectOne Bancorp appointed Robert A. Schwartz as General Counsel, enhancing its executive leadership as the company continues its growth trajectory following a merger with First of Long Island Corporation. Schwartz, a seasoned expert in banking law and mergers, has been integral to ConnectOne since its inception and will now advise on legal and regulatory matters as the company approaches $14 billion in assets. His appointment is seen as a strategic move to strengthen ConnectOne’s leadership and capitalize on opportunities in the evolving banking landscape.
The most recent analyst rating on (CNOB) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on ConnectOne Bancorp stock, see the CNOB Stock Forecast page.
On June 2, 2025, ConnectOne Bancorp, Inc. announced the completion of its merger with The First of Long Island Corporation, resulting in a combined entity with approximately $14 billion in total assets. The merger enhances ConnectOne’s scale and capabilities, expanding its retail network to over 60 branches across New York, New Jersey, and Southeast Florida. The merger also led to an expansion of ConnectOne’s Board of Directors, with key appointments from The First of Long Island Corporation, positioning the company for accelerated growth and enhanced service offerings.
The most recent analyst rating on (CNOB) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on ConnectOne Bancorp stock, see the CNOB Stock Forecast page.
On May 20, 2025, ConnectOne Bancorp, Inc. held its Annual Meeting of Shareholders, where several key proposals were voted on and approved. These included the election of twelve directors for one-year terms, the adoption of a non-binding resolution on executive compensation, and the ratification of Crowe LLP as the independent registered public accounting firm for 2025. The meeting saw participation from a significant majority of shareholders, indicating strong engagement and support for the company’s governance and operational strategies.
The most recent analyst rating on (CNOB) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on ConnectOne Bancorp stock, see the CNOB Stock Forecast page.
On May 15, 2025, ConnectOne Bancorp, Inc. entered into an underwriting agreement for the issuance and sale of $200 million in subordinated notes due 2035, with an 8.125% fixed-to-floating interest rate. The sale, which closed on May 20, 2025, raised approximately $196.5 million after expenses. The company plans to use the proceeds to redeem existing notes, contribute to regulatory capital, and support growth and strategic initiatives.
The most recent analyst rating on (CNOB) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on ConnectOne Bancorp stock, see the CNOB Stock Forecast page.
On September 4, 2024, ConnectOne Bancorp, Inc. announced a merger agreement with The First of Long Island Corporation, with the merger expected to close on June 1, 2025. The merger received all necessary regulatory approvals, including from the New Jersey Department of Banking and Insurance on May 12, 2025, positioning ConnectOne as the surviving entity and potentially strengthening its market position.
The most recent analyst rating on (CNOB) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on ConnectOne Bancorp stock, see the CNOB Stock Forecast page.
On May 9, 2025, ConnectOne Bancorp received a waiver from the Federal Reserve Bank of New York, exempting it from filing an application for its merger with The First of Long Island Corporation, positioning ConnectOne as the surviving entity. This merger is expected to enhance ConnectOne’s market presence in New Jersey and Long Island, aligning with its strategic priorities and bolstering its profitability through transaction synergies. The integration process is reportedly ahead of schedule, reflecting ConnectOne’s experience in successful mergers and acquisitions.
The most recent analyst rating on (CNOB) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on ConnectOne Bancorp stock, see the CNOB Stock Forecast page.
On May 6, 2025, ConnectOne Bancorp, Inc. and The First of Long Island Corporation announced they received FDIC approval for their merger, expected to close around June 1, 2025, pending further regulatory approvals. The merger will create a combined entity under the ConnectOne brand with approximately $14 billion in total assets, establishing it as one of the top 5 community banks on Long Island by deposit market share. This strategic move aims to leverage ConnectOne’s commercial expertise and infrastructure to serve First of Long Island’s client base, unlocking new opportunities for clients, employees, and stakeholders.