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ConnectOne Bancorp, Inc. to Host 2025 First Quarter Results Conference Call on April 24, 2025
Thu 10 Apr 25, 11:00 AMConnectOne Bancorp Shares Are Rarely This Cheap, Analyst Upgrades Stock And Price Forecast
Wed 26 Mar 25, 06:03 PM| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 112.74M | 98.47M | 116.96M | 171.22M | 175.06M |
| Minority interest | - | - | - | - | - |
| Net income | 80.44M | 73.79M | 87.00M | 125.21M | 130.35M |
| Selling general administrative | 127.97M | 97.25M | 96.69M | 83.60M | 73.00M |
| Selling and marketing expenses | 3.18M | 2.42M | 1.97M | 1.69M | 1.32M |
| Gross profit | 267.86M | 250.26M | 260.91M | 315.36M | 277.89M |
| Reconciled depreciation | 14.01M | 5.66M | 5.81M | 1.69M | 1.98M |
| Ebit | - | 98.47M | 116.96M | 242.85M | 175.06M |
| Ebitda | 112.74M | 104.12M | 122.90M | 244.54M | 177.04M |
| Depreciation and amortization | - | 5.66M | 5.94M | 1.69M | 1.98M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 112.74M | 98.47M | 116.96M | 242.85M | 175.06M |
| Other operating expenses | 493.73M | 436.15M | 387.11M | 1.69M | 102.84M |
| Interest expense | 291.62M | 270.55M | 234.96M | 71.63M | 38.86M |
| Tax provision | 32.30M | 24.67M | 36.09M | 46.01M | 44.70M |
| Interest income | 644.87M | 513.54M | 470.12M | 372.09M | 300.77M |
| Net interest income | 353.25M | 242.99M | 267.83M | 300.46M | 261.91M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | 32.30M | 24.67M | 29.95M | 46.01M | 44.70M |
| Total revenue | 606.47M | 534.62M | 504.07M | 315.36M | 277.89M |
| Total operating expenses | 155.11M | 151.80M | 143.95M | 1.69M | -102.83700M |
| Cost of revenue | 338.62M | 284.35M | 243.16M | - | - |
| Total other income expense net | - | -417.00200M | 116.96M | -71.62700M | -38.86000M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | 80.44M | 73.79M | 100.29M | 125.21M | 130.35M |
| Net income applicable to common shares | - | - | - | 119.17M | 128.64M |
| Preferred stock and other adjustments | - | - | - | 6.04M | 1.72M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 14002.70M | 9879.60M | 9855.60M | 9644.95M | 8129.48M |
| Intangible assets | 59.92M | 4.64M | 5.87M | 7.31M | 9.00M |
| Earning assets | - | - | - | - | - |
| Other current assets | 11359.74M | - | 291.82M | 59.83M | 6489.57M |
| Total liab | 12429.36M | 8637.90M | 8638.98M | 8466.20M | 633.56M |
| Total stockholder equity | 1573.34M | 1241.70M | 1216.62M | 1178.75M | 1124.21M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 32.45M | 7816.54M | 4586.35M | 7356.62M | 6332.95M |
| Common stock | 857.76M | 586.95M | 586.95M | 586.95M | 586.95M |
| Capital stock | 968.69M | 697.87M | 697.87M | 697.87M | 697.87M |
| Retained earnings | 673.90M | 631.45M | 590.97M | 535.91M | 440.17M |
| Other liab | - | - | - | 87.30M | 38.75M |
| Good will | 220.24M | 208.37M | 208.37M | 208.37M | 208.37M |
| Other assets | 934.57M | 715.37M | 0.00000M | 7791.33M | 6489.57M |
| Cash | 92.41M | 356.49M | 242.71M | 268.31M | 265.54M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 32.45M | 8480.64M | 5470.40M | 11.40M | 12.42M |
| Current deferred revenue | - | - | - | - | - |
| Net debt | 1077.84M | 427.02M | 783.48M | 753.96M | 368.02M |
| Short term debt | 32.45M | 664.11M | 884.05M | 11.40M | 12.42M |
| Short long term debt | 878.05M | 660.53M | - | - | - |
| Short long term debt total | 1170.24M | 783.51M | 1026.19M | 1022.27M | 633.56M |
| Other stockholder equity | -37.35300M | -39.76900M | -37.11400M | -22.67300M | -12.42600M |
| Property plant equipment | - | - | - | 27.80M | 40.05M |
| Total current assets | 12703.08M | 406.20M | 291.82M | 949.26M | 834.20M |
| Long term investments | 1270.22M | 632.94M | 635.73M | 650.70M | 548.30M |
| Net tangible assets | - | - | - | 852.14M | 795.92M |
| Short term investments | 1250.94M | 4.21M | 617.16M | 634.88M | 534.51M |
| Net receivables | 11359.74M | 45.50M | 49.11M | 46.06M | 34.15M |
| Long term debt | 227.30M | 768.01M | 1013.02M | 1010.88M | 621.14M |
| Inventory | - | - | -8990.86200M | 0.26M | - |
| Accounts payable | - | - | - | 7356.62M | 6332.95M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -31.89600M | -47.84600M | -35.10900M | -32.36400M | -1.40400M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | 586.95M | 586.95M |
| Preferred stock total equity | - | - | - | 110.93M | 110.93M |
| Retained earnings total equity | - | - | - | 535.91M | 440.17M |
| Treasury stock | - | - | - | -52.79900M | -39.67200M |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | - | 395.86M | 312.59M | -904.35800M | -805.71900M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 365.05M | 9473.40M | 9563.78M | 904.36M | 805.72M |
| Capital lease obligations | 32.45M | 15.50M | 13.17M | 11.40M | 12.42M |
| Long term debt total | - | - | - | 153.25M | 152.95M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 0.31M | 55.15M | -289.36600M | -1510.99100M | -663.52300M |
| Change to liabilities | - | - | - | 48.32M | 10.53M |
| Total cashflows from investing activities | -186.15800M | 55.15M | -248.03800M | -1543.23200M | -689.86000M |
| Net borrowings | -20.00200M | -245.53700M | 0.94M | 389.39M | 42.27M |
| Total cash from financing activities | 104.17M | -2.07700M | 129.55M | 1369.23M | 449.37M |
| Change to operating activities | - | - | - | 30.13M | 51.07M |
| Net income | 80.44M | 73.79M | 87.00M | 125.21M | 130.35M |
| Change in cash | 24.41M | 113.77M | -25.60100M | 2.78M | -38.22000M |
| Begin period cash flow | 356.49M | 242.71M | 268.31M | 265.54M | 303.76M |
| End period cash flow | 380.89M | 356.49M | 242.71M | 268.31M | 265.54M |
| Total cash from operating activities | 106.40M | 60.70M | 92.89M | 176.78M | 202.27M |
| Issuance of capital stock | - | - | 0.00000M | 0.00000M | 110.93M |
| Depreciation | 14.01M | 5.66M | 5.94M | 5.50M | 5.66M |
| Other cashflows from investing activities | -235.95100M | 71.34M | -260.14200M | -28.94000M | -23.55400M |
| Dividends paid | 37.99M | 33.32M | 31.95M | 29.46M | 19.21M |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | -1.32700M | 3.61M | -3.04600M | -11.91000M | 1.17M |
| Sale purchase of stock | -2.23200M | -7.22300M | -19.39700M | -15.26000M | -10.68400M |
| Other cashflows from financing activities | 164.39M | 284.00M | 179.96M | 5227.63M | 716.06M |
| Change to netincome | - | - | - | 22.18M | 10.89M |
| Capital expenditures | 5.39M | 3.79M | 7.43M | 3.30M | 2.78M |
| Change receivables | - | - | - | -11.91000M | 1.17M |
| Cash flows other operating | - | - | - | -11.90000M | 37.33M |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | 2.78M | -38.22000M |
| Change in working capital | -4.88700M | -27.97200M | -19.86200M | 23.82M | 57.01M |
| Stock based compensation | 4.65M | 4.57M | 4.86M | 4.89M | 4.54M |
| Other non cash items | 14.96M | 6.69M | 10.81M | 17.76M | 4.70M |
| Free cash flow | 101.01M | 56.91M | 85.46M | 173.48M | 199.49M |
Sector: Financial Services Industry: Banks - Regional
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) |
|---|---|---|---|---|---|---|---|
| CNOB ConnectOne Bancorp, Inc. |
1.03 3.51% | 30.36 | 17.77 | 10.21 | 4.22 | 0.97 | 7.04 |
| HDB HDFC Bank Limited ADR |
0.41 1.74% | 23.96 | 20.81 | 20.96 | 0.11 | 4.77 | |
| CIHKY China Merchants Bank Co Ltd |
0.03 0.08% | 30.42 | 7.78 | 7.65 | 0.56 | 0.90 | 3.62 |
| DBSDF DBS Group Holdings Ltd |
1.22 2.50% | 50.10 | 15.29 | 14.41 | 5.84 | 2.36 | 10.40 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% | 5.92 | 6.10 | 5.67 | 0.44 | 0.77 | 3.43 |
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.
301 Sylvan Avenue, Englewood Cliffs, NJ, United States, 07632
| Name | Title | Year Born |
|---|---|---|
| Mr. Frank S. Sorrentino III | Chairman, Pres & CEO | 1962 |
| Mr. William S. Burns | Sr. EVP & CFO | 1960 |
| Mr. Christopher J. Ewing | Exec. VP & COO | 1960 |
| Ms. Laura Criscione | Exec. VP, Corp. Sec. & Chief Compliance Officer | 1969 |
| Ms. Elizabeth Magennis | Pres of ConnectOne Bank | 1970 |
| Ms. Siya Vansia | VP of Marketing | NA |
| Mr. Michael Rozman | Pres of BoeFly Division | NA |
| Mr. Joseph T. Javitz | First Sr. VP & Chief Credit Officer | 1958 |
| Mr. Frank S. Sorrentino III | Chairman, President & CEO | 1962 |
| Mr. William S. Burns | Senior EVP & CFO | 1960 |
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