CNOB Stock - ConnectOne Bancorp, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $534.62M | $504.07M | $386.99M | $316.75M | $322.60M |
| Gross Profit | $250.26M | $260.91M | $297.61M | $283.39M | $211.39M |
| Gross Margin | 46.8% | 51.8% | 76.9% | 89.5% | 65.5% |
| Operating Income | $98.47M | $116.96M | $171.22M | $175.06M | $90.39M |
| Net Income | $73.79M | $87.00M | $125.21M | $130.35M | $71.29M |
| Net Margin | 13.8% | 17.3% | 32.4% | 41.2% | 22.1% |
| EPS | $1.77 | $2.07 | $3.03 | $3.24 | $1.80 |
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 Northern New Jersey and New York Metropolitan area, and South Florida market. The company offers personal and business checking, retirement, money market, and time and savings accounts. It also provides consumer and commercial business loans on a secured and unsecured basis; revolving lines of credit; commercial mortgage loans; residential mortgages on primary and secondary residences; home equity loans; bridge loans; other personal purpose loans; and commercial construction and real estate loans. In addition, the company offers check cards, ATM cards, credit cards, wire transfers, access to automated teller services, Internet banking, treasury direct, automated clearing house origination, mobile banking by phone, safe deposit boxes, and remote deposit capture services. It operates through a network of eight banking offices in Bergen County, five banking offices in Union County, one banking office in Morris County, one office in Essex County, one office in Hudson County, one office in Monmouth County, one banking office in Manhattan in New York City, one office in Nassau County on Long Island, one in Astoria, and five branches in the Hudson Valley, as well as one financial center in West Palm Beach in Palm Beach County. 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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 7th 2025 | Piper Sandler | Resumed | Overweight | $28 |
| April 24th 2025 | Hovde Group | Reiterated | Outperform | $29.5← $29 |
| March 26th 2025 | Keefe Bruyette | Upgrade | Outperform | $32← $31 |
| May 31st 2024 | Keefe Bruyette | Downgrade | Market Perform | - |
| October 6th 2023 | Hovde Group | Initiation | Outperform | $21 |
| July 31st 2023 | Raymond James | Upgrade | Strong Buy | $26 |
| December 22nd 2022 | Raymond James | Resumed | Market Perform | - |
Earnings History & Surprises
CNOBEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Jan 29, 2026 | $0.74 | — | — | — |
Q4 2025 | Oct 30, 2025 | $0.68 | $0.70 | +2.9% | ✓ BEAT |
Q3 2025 | Jul 29, 2025 | $0.52 | $0.55 | +5.8% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $0.46 | $0.51 | +10.9% | ✓ BEAT |
Q1 2025 | Jan 30, 2025 | $0.42 | $0.52 | +23.8% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $0.44 | $0.43 | -2.3% | ✗ MISS |
Q3 2024 | Jul 25, 2024 | $0.41 | $0.46 | +12.2% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $0.42 | $0.41 | -2.4% | ✗ MISS |
Q1 2024 | Jan 25, 2024 | $0.45 | $0.46 | +2.2% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $0.50 | $0.51 | +2.0% | ✓ BEAT |
Q3 2023 | Jul 27, 2023 | $0.48 | $0.51 | +6.3% | ✓ BEAT |
Q2 2023 | Apr 27, 2023 | $0.65 | $0.59 | -9.2% | ✗ MISS |
Q1 2023 | Jan 26, 2023 | $0.83 | $0.79 | -4.8% | ✗ MISS |
Q4 2022 | Oct 27, 2022 | $0.79 | $0.70 | -11.4% | ✗ MISS |
Q3 2022 | Jul 28, 2022 | $0.76 | $0.78 | +2.6% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $0.75 | $0.75 | 0.0% | = MET |
Q1 2022 | Jan 27, 2022 | $0.76 | $0.79 | +3.9% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $0.72 | $0.80 | +11.1% | ✓ BEAT |
Q3 2021 | Jul 29, 2021 | $0.71 | $0.81 | +14.1% | ✓ BEAT |
Latest News
Piper Sandler Assumes ConnectOne Bancorp at Overweight, Announces Price Target of $28
📈 PositiveCORRECTION: ConnectOne Bancorp Q3 Adj. EPS $0.70 Beats $0.67 Estimate, Sales $102.017M Miss $107.975M Estimate
➖ NeutralConnectOne Bancorp Q3 Adj. EPS $0.78 Beats $0.67 Estimate, Sales $102.017M Miss $107.975M Estimate
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