ConnectOne Bancorp

ConnectOne Bancorp, Inc. is a holding company, which engages in the provision of financial services. It offers personal and commercial business loans on a secured and unsecured basis, revolving lines of credit, commercial mortgage loans, and residential mortgages. The company was founded on November 12, 1982 and is headquartered in Englewood Cliffs, NJ.

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ConnectOne Bancorp reports strong Q4 performance amidst sector challenges

ConnectOne Bancorp's Q4 2022 performance showcased robust financial metrics and strategic growth initiatives.
While facing challenges in net interest margin and deposit competition, the company's credit performance and operational strength remained solid.
Strategic investments in technology and a focus on monitoring key sectors position ConnectOne for continued growth and resilience.

ConnectOne Bancorp reports solid Q1 performance amidst margin challenges

ConnectOne Bancorp's Q1 2023 performance showcased solid credit metrics, a conservative client-centric model, and successful net deposit inflows, despite margin compression and expense increases.
The bank's strengths include strategic client relationships, a diversified balance sheet, and opportunities for growth through market disruptions and deposit expansion.
Challenges from margin compression, expense increases, and managing liquidity persist, while opportunities lie in continued deposit growth, building a strong client franchise, and optimizing asset valuations.

ConnectOne Bancorp reports resilient Q2 performance and growth strategies

ConnectOne Bancorp's Q2 2023 performance showcased resilience amidst credit policy impacts, emphasizing stable deposits, strong capital levels, and a focus on growth through technology and innovation. Despite challenges in net interest margin compression, the bank's proactive approach to credit quality and client support positions it well for future opportunities and sustained success.

ConnectOne Bancorp remains resilient amidst challenges, eyes growth opportunities

ConnectOne Bancorp navigated a challenging operating environment in Q3 2023 with confidence in returning to historical profitability levels. The company's focus on efficiency, digital enhancements, and stable credit metrics positions it well for future growth.
Despite challenges such as margin contraction and potential tax rate increases, ConnectOne Bancorp maintains strong capital ratios and a positive outlook. Opportunities for growth lie in deposit stabilization, loan repricing, and talent acquisition efforts.

ConnectOne Bancorp (CNOB) maintains profitability amidst industry challenges

ConnectOne Bancorp (CNOB) showcased resilience in the face of industry challenges, with a strategic focus on relationship-based lending, technology initiatives, and shareholder value enhancement. The company anticipates gradual growth in 2024, driven by strong fundamentals and disciplined approaches to credit and expenses.

ConnectOne Bancorp reports strong Q1 performance and eyes growth opportunities

ConnectOne Bancorp's Q1 call highlighted strong performance, focus on relationship banking, and optimism for future growth. Challenges include balancing loan portfolio diversification and managing deposit rates. Opportunities lie in NIM expansion and flexible rent increases in New York market.

ConnectOne Bancorp excels in Q2 2024, poised for sustainable growth

ConnectOne Bancorp's Q2 2024 performance reflects strong financial health, growth potential, and a commitment to shareholder value.
The company's focus on core relationships, effective management strategies, and financial stability positions it well for future success.
While facing challenges in managing expenses and sustaining fee income, ConnectOne Bancorp has opportunities to drive growth through strategic initiatives.
Overall, ConnectOne Bancorp's Q2 results demonstrate resilience, strategic foresight, and a solid foundation for continued success in the financial sector.

ConnectOne Bancorp anticipates growth post-merger with First of Long Island

ConnectOne Bancorp's Q3 performance showcased stability in net interest margin and strong credit quality.
The upcoming merger with First of Long Island Corporation offers growth prospects and revenue synergies.
While facing challenges like rising expenses, ConnectOne remains optimistic about post-merger growth opportunities.

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ConnectOne Bancorp, Inc. is a holding company, which engages in the provision of modern financial services. It offers commercial, commercial real estate, commercial construction, residential real estate, and consumer loans. The company was founded on November 12, 1982 and is headquartered in Englewood Cliffs, NJ.

ConnectOne Bancorp, Inc. (NASDAQ:CNOB ) Q1 2023 Earnings Conference Call April 27, 2023 10:00 AM ET Company Participants Siya Vansia - Chief Brand and Innovation Officer Frank Sorrentino - Chairman and Chief Executive Officer Bill Burns - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Daniel Tamayo - Raymond James Frank Schiraldi - Piper Sandler Matthew Breese - Steven Operator Good morning and welcome to the ConnectOne Bancorp, Inc First Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode.

ConnectOne Bancorp, Inc. (CNOB) Q1 2023 Earnings Call Transcript

ConnectOne Bancorp (CNOB) came out with quarterly earnings of $0.59 per share, missing the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.75 per share a year ago.

ConnectOne Bancorp (CNOB) Q1 Earnings and Revenues Lag Estimates

ENGLEWOOD CLIFFS, N.J., April 27, 2023 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today reported net income available to common stockholders of $23.4 million for the first quarter of 2023, compared with $31.0 million for the fourth quarter of 2022 and $29.9 million for the first quarter of 2022. Diluted earnings per share were $0.59 for the first quarter of 2023 compared with $0.79 for the fourth quarter of 2022 and $0.75 for the first quarter of 2022. The $7.6 million decrease in net income available to common stockholders and $0.20 decrease in diluted earnings per share versus the fourth quarter of 2022 were primarily due to a $10.9 million decrease in net interest income, a $0.7 decrease in noninterest income, and a $1.6 million increase in noninterest expenses, partially offset by a decrease in provision for credit losses of $2.3 million and a $3.3 million decrease in income tax expense. The $6.5 million decrease in net income available to common stockholders and $0.16 decrease in diluted earnings per share versus the first quarter of 2022 were due to a $3.3 million decrease in net interest income, a $0.3 million decrease in noninterest income, and a $5.6 million increase in noninterest expenses, partially offset by a decrease in provision for credit losses of $0.4 million and a $2.3 million decrease in income tax expenses.

ConnectOne Bancorp, Inc. Reports First Quarter 2023 Results

ENGLEWOOD CLIFFS, N.J., April 13, 2023 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today announced that it plans to release results for the first quarter ended March 31, 2023, before the market opens on Thursday, April 27, 2023. Management will also host a conference call and audio webcast at 10:00 a.m. ET on April 27, 2023, to review the Company's financial performance and operating results.

ConnectOne Bancorp, Inc. to Host 2023 First Quarter Results Conference Call on April 27, 2023

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ConnectOne Bancorp, Inc. (NASDAQ:CNOB ) Q4 2022 Results Conference Call January 27, 2023 10:00 AM ET Company Participants Siya Vansia - Chief Brand and Innovation Officer Frank Sorrentino - Chairman and Chief Executive Officer Bill Burns - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Michael Perito - KBW Daniel Tamayo - Raymond James Matthew Breese - Stephens Inc. Operator Greetings. Welcome to ConnectOne Bancorp Incorporated Fourth Quarter 2022 Earnings Call.

ConnectOne Bancorp, Inc. (CNOB) Q4 2022 Earnings Call Transcript

ConnectOne (CNOB) delivered earnings and revenue surprises of -4.82% and 3.18%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

ConnectOne Bancorp (CNOB) Misses Q4 Earnings and Revenue Estimates

ENGLEWOOD CLIFFS, N.J., Jan. 26, 2023 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today reported net income available to common stockholders of $31.0 million for the fourth quarter of 2022 compared with $27.4 million for the third quarter of 2022 and $31.3 million for the fourth quarter of 2021. Diluted earnings per share were $0.79 for the fourth quarter of 2022 compared with $0.70 in the third quarter of 2022 and $0.79 in the fourth quarter of 2021. The increase in net income available to common stockholders and diluted earnings per share from the third quarter of 2022 was primarily attributable to a $6.7 million decrease in the provision for credit losses due to changes in forecasted macroeconomic factors and a $0.2 million increase in noninterest income, partially offset by a $0.2 million decrease in net interest income, a $1.2 million increase in noninterest expenses and a $1.9 million increase in income tax expenses. The decrease in net income available to common stockholders from the fourth quarter of 2021 was primarily due to a $5.2 million increase in noninterest expenses and a $2.5 million increase in the provision for credit losses, partially offset by a $7.5 million increase in net interest income. Full-year 2022 net income available to common stockholders was $119.2 million, compared to $128.6 million for 2021. Diluted earnings per share for the full-year 2022 was $3.01, compared with $3.22 for 2021.

ConnectOne Bancorp, Inc. Reports Fourth Quarter and Full-Year 2022 Results; Declares Common and Preferred Dividends

ConnectOne (CNOB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

ConnectOne Bancorp (CNOB) Reports Next Week: Wall Street Expects Earnings Growth

ENGLEWOOD CLIFFS, N.J., Jan. 12, 2023 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today announced that it plans to release results for the fourth quarter ended December 31, 2022, before the market opens on Thursday, January 26, 2023. Management will also host a conference call and audio webcast at 10:00 a.m. ET on January 26, 2023, to review the Company's financial performance and operating results.

ConnectOne Bancorp, Inc. to Host 2022 Fourth Quarter Results Conference Call on January 26, 2023

ConnectOne Bancorp, Inc. (NASDAQ:CNOB ) Q3 2022 Results Conference Call October 27, 2022 10:00 AM ET Company Participants Siya Vansia - Chief Brand and Innovation Officer Frank Sorrentino - Chairman and CEO Bill Burns - Sr. EVP and CFO Conference Call Participants Michael Perito - KBW Frank Schiraldi - Piper Sandler Matthew Breese - Stephens Inc. Operator Greetings, and welcome to ConnectOne's Third Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

ConnectOne Bancorp, Inc. (CNOB) Q3 2022 Earnings Call Transcript

ConnectOne (CNOB) delivered earnings and revenue surprises of -9.09% and 2.80%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

ConnectOne Bancorp (CNOB) Q3 Earnings Miss Estimates

ENGLEWOOD CLIFFS, N.J., Oct. 27, 2022 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today reported net income available to common stockholders of $27.4 million for the third quarter of 2022 compared with $30.8 million for the second quarter of 2022 and $32.1 million for the third quarter of 2021. Diluted earnings per share were $0.70 for the third quarter of 2022 compared with $0.78 in the second quarter of 2022 and $0.80 in the third quarter of 2021. The decrease in net income available to common stockholders and diluted earnings per share from the second quarter of 2022 was primarily attributable to a $7.0 million increase in the provision for credit losses due to loan growth and changes in forecasted macroeconomic factors, and a $0.4 million increase in noninterest expenses, partially offset by increases in net interest income of $2.6 million and a $1.5 million decrease in income tax expense. The decrease in net income available to common stockholders and diluted earnings per share from the third quarter of 2021 was primarily due to an $8.9 million increase in the provision for credit losses, a $4.0 million increase in noninterest expenses, $1.5 million in preferred dividends, which were not paid in the 2021 period, and a $0.7 million decrease in noninterest income, partially offset by a $9.9 million increase in net interest income.

ConnectOne Bancorp, Inc. Reports Third Quarter 2022 Results; Declares Common and Preferred Dividends

ENGLEWOOD CLIFFS, N.J., Oct. 13, 2022 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today announced that it plans to release results for the third quarter ended September 30, 2022, before the market opens on Thursday, October 27, 2022. Management will also host a conference call and audio webcast at 10:00 a.m. ET on October 27, 2022, to review the Company's financial performance and operating results.

ConnectOne Bancorp, Inc. to Host 2022 Third Quarter Results Conference Call on October 27, 2022

NEW YORK--(BUSINESS WIRE)--MANTL announces a partnership with ConnectOne Bank to streamline and digitize the bank's deposit onboarding for businesses and consumers.

ConnectOne Bank Partners with MANTL to Enhance Deposit Onboarding for Businesses and Consumers

ConnectOne Bancorp, Inc. (NASDAQ:CNOB ) Q2 2022 Results Conference Call July 28, 2022 10:00 AM ET Company Participants Siya Vansia - Vice President of Marketing Frank Sorrentino - Chairman and Chief Executive Officer Bill Burns - Executive Vice President and Chief Financial Officer Conference Call Participants Justin Crowley - Piper Sandler Michael Perito - KBW Matthew Breese - Stephens Operator Greetings, and welcome to the ConnectOne Bancorp, Inc. Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

ConnectOne Bancorp, Inc. (CNOB) CEO Frank Sorrentino on Q2 2022 Results - Earnings Call Transcript

ConnectOne (CNOB) delivered earnings and revenue surprises of 2.63% and 4.16%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

ConnectOne Bancorp (CNOB) Q2 Earnings and Revenues Top Estimates

ENGLEWOOD CLIFFS, N.J., July 28, 2022 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today reported net income available to common stockholders of $30.8 million for the second quarter of 2022 compared with $29.9 million for the first quarter of 2022 and $32.2 million for the second quarter of 2021. Diluted earnings per share were $0.78 for the second quarter of 2022 compared with $0.75 in the first quarter of 2022 and $0.81 in the second quarter of 2021. The increase in net income available to common stockholders and diluted earnings per share from the first quarter of 2022 was primarily due to an increase in net interest income of $5.2 million and an increase in noninterest income of $0.3 million, partially offset by an increase in provision for credit losses of $1.6 million, an increase in noninterest expenses of $2.5 million, and an increase in income tax expense of $0.5 million. The decrease in net income available to common stockholders and diluted earnings per share from the second quarter of 2021 was primarily due to an increase in provision for credit losses of $4.6 million, an increase in noninterest expenses of $5.4 million, an increase in preferred dividends of $1.5 million, a decrease in noninterest income of $1.1 million, and an increase in income tax expenses of $1.2 million, partially offset by an increase in net interest income of $12.6 million.

ConnectOne Bancorp, Inc. Reports Second Quarter 2022 Results; Declares Common and Preferred Dividends

ENGLEWOOD CLIFFS, N.J., July 14, 2022 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today announced that it plans to release results for the second quarter ended June 30, 2022, before the market opens on Thursday, July 28, 2022. Management will also host a conference call and audio webcast at 10:00 a.m. ET on July 28, 2022, to review the Company's financial performance and operating results.

ConnectOne Bancorp, Inc. to Host 2022 Second Quarter Results Conference Call on July 28, 2022

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ConnectOne's Sorrentino: Blockchain Unlocks New Value for Bank Customers

ENGLEWOOD CLIFFS, N.J., May 05, 2022 (GLOBE NEWSWIRE) -- ConnectOne Bank (“ConnectOne”), the insured depository subsidiary of ConnectOne Bancorp, Inc. (NASDAQ: CNOB), announced today its partnership with Nymbus, a cloud-native platform and leading provider of banking technology solutions and core services, to offer digital business banking solutions.

ConnectOne Bank Announces Partnership with Nymbus to Build Bespoke Banking Solution

ConnectOne (CNOB) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

After Plunging 13% in 4 Weeks, Here's Why the Trend Might Reverse for ConnectOne (CNOB)

ConnectOne Bancorp, Inc. (NASDAQ:CNOB ) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Frank Sorrentino - Chairman and Chief Executive Officer Bill Burns - Executive Vice President and Chief Financial Officer Siya Vansia - Vice President of Marketing Conference Call Participants Matthew Breese - Stephens Inc. Michael Perito - KBW Operator Greetings, and welcome to ConnectOne Bancorp, Inc. First Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

ConnectOne Bancorp, Inc. (CNOB) CEO Frank Sorrentino on Q1 2022 Results - Earnings Call Transcript

ENGLEWOOD CLIFFS, N.J., April 28, 2022 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today reported net income available to common stockholders of $29.9 million for the first quarter of 2022, compared with $31.3 million for the fourth quarter of 2021 and $33.0 million for the first quarter of 2021. Diluted earnings per share were $0.75 for the first quarter of 2022 compared with $0.79 for the fourth quarter of 2021 and $0.82 for the first quarter of 2021. The $1.4 million decrease in net income available to common stockholders and $0.04 decrease in diluted earnings per share versus the fourth quarter of 2021 were primarily due to a $1.1 million increase in noninterest expenses, a $0.7 million decrease in noninterest income, and a $0.6 million increase to provision for credit losses, partially offset by a $1.0 million decrease in income tax expenses. The $3.1 million decrease in net income available to common stockholders and $0.07 decrease in diluted earnings per share versus the first quarter of 2021 were due to a $7.2 million increase to provision for credit losses, a $2.7 million increase in noninterest expenses, $1.5 million in preferred dividends, a $0.4 million decrease in noninterest income and a $0.5 million increase in income tax expenses, partially offset by a $9.2 million increase in net interest income.

ConnectOne Bancorp, Inc. Reports First Quarter 2022 Results; Tangible Book Value Per Share Increases 2%; Declares 19% Increase in Common Dividend

ENGLEWOOD CLIFFS, N.J., March 09, 2022 (GLOBE NEWSWIRE) -- ConnectOne Bank, the insured depository subsidiary of ConnectOne Bancorp, Inc. (NASDAQ: CNOB), announced today its membership in the USDF Consortium, an association of FDIC-insured financial institutions with a mission to build a network of banks to further the adoption and interoperability of USDF – a tokenized deposit. ConnectOne joins other industry leading banks in the Consortium, who will facilitate and promote the use of USDF.

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