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.

Earnings data Q1 2021

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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.

ENGLEWOOD CLIFFS, N.J., July  16, 2020  (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, 2020 before the market opens on Thursday, July 30, 2020.  Management will also host a conference call and audio webcast at 10:00 a.m. ET on July 30, 2020 to review the Company's financial performance and operating results.

ConnectOne Bancorp, Inc. to Host 2020 Second Quarter Results Conference Call on July 30, 2020

ENGLEWOOD CLIFFS, N.J., June  10, 2020  (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: “CNOB”) (the “Company”), the holding company for ConnectOne Bank (the “Bank”), today announced the pricing of its public offering of $75 million aggregate principal amount of 5.750% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”). The price to the public for the Notes was 100% of the principal amount of the Notes. Interest on the Notes will accrue at a rate equal to (i) 5.750% per annum from the original issue date to, but excluding, June 15, 2025, payable semiannually in arrears, and (ii) a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Notes), plus a spread of 560.5 basis points from, and including, June 15, 2025, to, but excluding the maturity date or the date of early redemption payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. This offering is expected to close on June 15, 2020, subject to the satisfaction of customary closing conditions.

ConnectOne Bancorp Inc. Announces Pricing of Subordinated Notes Offering

ConnectOne Bancorp, Inc. (CNOB) CEO Frank Sorrentino on Q1 2020 Results - Earnings Call Transcript

ConnectOne (CNOB) delivered earnings and revenue surprises of -12.82% and 2.68%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

ConnectOne Bancorp (CNOB) Q1 Earnings Miss Estimates

Shares of ConnectOne Bancorp (NASDAQ:CNOB) were unchanged at $16.33 after the company reported Q1 results.

ConnectOne Bancorp: Q1 Earnings Insights

ENGLEWOOD CLIFFS, N.J., April  30, 2020  (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today reported net income of $6.0 million for the first quarter of 2020 compared with $20.8 million for the fourth quarter of 2019 and $11.6 million for the first quarter of 2019.  Diluted earnings per share were $0.15 for the first quarter of 2019 compared with $0.59 earned in the fourth quarter of 2019 and $0.33 earned in the first quarter of 2019. The decrease in net income and diluted earnings per share from the fourth quarter of 2019 was primarily due to an increase in provision for loan losses of $15.5 million substantially due to the economic uncertainties caused by the COVID-19 pandemic.  On January 2, 2020, the acquisition of Bancorp of New Jersey (“BNJ”) was completed and thus first quarter 2020 results reflect the operations of the combined entity.  Historical financial information includes only the operations of ConnectOne, pre-merger. Included in net income were merger expenses of $9.5 million for the first quarter of 2020, $0.9 million for the fourth quarter of 2019 and $7.6 million for the first quarter of 2019.  On a pre-tax, pre-provision and pre-merger charges basis, earnings were $32.6 million for the first quarter of 2020, $28.4 million for the fourth quarter of 2019, and $26.2 million for the first quarter of 2019.

ConnectOne Bancorp, Inc. Reports First Quarter 2020 Results

ConnectOne (CNOB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: ConnectOne Bancorp (CNOB) Q1 Earnings Expected to Decline

ConnectOne Bancorp, Inc.'s (CNOB) CEO Frank Sorrentino on Q4 2019 Results - Earnings Call Transcript

ENGLEWOOD CLIFFS, N.J., Jan.  02, 2020  (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) ("ConnectOne or “Company"), parent company of ConnectOne Bank, today announced the completion of its previously announced acquisition of Bancorp of New Jersey, Inc. (NYSEAM: BKJ) (“BKJ”), parent of Bank of New Jersey.

ConnectOne Bancorp, Inc. Completes Acquisition of Bancorp of New Jersey, Inc.

Citizens Financial Group

Bank OZK

While inorganic growth efforts, decent loan demand and technology upgrades will support bank stocks in 2020, lower interest rates pose a major headwind.

3 Market-Beating Bank Stocks That Might Lose Steam in 2020

ENGLEWOOD CLIFFS, N.J., Dec.  13, 2019  (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”) and Bancorp of New Jersey, Inc. (NYSEAM: BKJ) (“BKJ”) – As previously announced, the merger of BKJ with and into ConnectOne is expected to close on or about January 2, 2020. The deadline for holders of BKJ common stock and certain BKJ equity awards to elect the form of consideration they wish to receive in the merger is 5 p.m., EST, on December 30, 2019.   

Reminder of ConnectOne, Bancorp of New Jersey Expected Merger Closing Date and Election Deadline

ConnectOne (CNOB) receives regulatory approval for the acquisition of Bancorp of New Jersey.

ConnectOne Gets Regulatory Nod for Bancorp of New Jersey Deal

ENGLEWOOD CLIFFS, N.J., Nov.  18, 2019  (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”),  announced today that its wholly-owned bank subsidiary, ConnectOne Bank (the “Bank”), has received regulatory approvals to proceed with its previously announced acquisition of Bank of New Jersey, a New Jersey state-chartered bank and wholly-owned bank subsidiary of Bancorp of New Jersey, Inc. Approval was granted by both the New Jersey Department of Banking and Insurance and the Federal Deposit Insurance Corporation.

ConnectOne Bancorp, Inc. Announces the Receipt of Regulatory Approvals for Bancorp of New Jersey Transaction

Let's see if ConnectOne Bancorp, Inc. (CNOB) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

Is ConnectOne Bancorp (CNOB) Stock a Suitable Value Pick Now?

As of late, it has definitely been a great time to be an investor ConnectOne Bancorp.

Can The Uptrend Continue for ConnectOne Bancorp?

ConnectOne Bancorp, Inc. (CNOB) CEO Frank Sorrentino on Q3 2019 Results - Earnings Call Transcript

ConnectOne (CNOB) delivered earnings and revenue surprises of 3.45% and 3.07%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

ConnectOne Bancorp (CNOB) Q3 Earnings and Revenues Beat Estimates

ENGLEWOOD CLIFFS, N.J., Oct.  24, 2019  (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today reported net income of $21.7 million for the third quarter of 2019 compared with $19.3 million for the second quarter of 2019 and $19.9 million for the third quarter of 2018.  Diluted earnings per share were $0.61 for the third quarter of 2019 compared with $0.57 in the second quarter of 2019 and $0.61 in the third quarter of 2018.

ConnectOne Bancorp, Inc. Reports Third Quarter 2019 Results

Bancorp of NJ

ConnectOne Bancorp, Inc. (NASDAQ: CNOB) will acquire Bancorp of New Jersey, Inc. (NYSE: BKJ) for $113 million or approximately $15.48 per Bancorp of New Jersey share.

ConnectOne Bancorp To Acquire Bancorp Of New Jersey For $113M

ConnectOne Bancorp, Inc. (CNOB) CEO Frank Sorrentino on Q2 2019 Results - Earnings Call Transcript

ConnectOne (CNOB) delivered earnings and revenue surprises of -1.72% and -0.85%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

ConnectOne Bancorp (CNOB) Misses Q2 Earnings and Revenue Estimates

Let's see if ConnectOne Bancorp (CNOB) stock is a good choice for value-oriented investors right now from multiple angles.

Is ConnectOne Bancorp (CNOB) a Good Pick for Value Investors?

ConnectOne Bancorp, Inc. (CNOB) CEO Frank Sorrentino on Q1 2019 Results - Earnings Call Transcript

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