CNOB

MKT CAP:$1B

ConnectOne Bancorp, Inc.

Market Cap

$1B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$28.01+$1.89 (+7.24%)

Apr 22, 2026

Company Details

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...

CEO

Frank S. Sorrentino

IPO Date

Apr 4, 1994

Website

www.connectonebank.com

Key Metrics TTM

Revenue

$732M

+37.9% YoY

Net Income

$98M

EPS (Diluted)

$1.86

Free Cash Flow

$102M

Revenue / Share

—

Gross Margin

37.1%

Operating Margin

18.8%

Net Margin

13.4%

FCF Margin

13.9%

P/S

2.0x

P/E

14.7x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$184M+42.7%EPS $0.72

FY 2025

Feb 24, 2026

$606M+13.4%EPS $1.48

Q4 2025

Feb 24, 2026

$189M+43.3%EPS $0.75

Q3 2025

Nov 3, 2025

$207M+53.4%EPS $0.91

Q2 2025

Aug 11, 2025

$151M+12.5%EPS -$0.52

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$89M	$76M	$44M
Q3 22	$100M	$71M	$39M
Q4 22	$116M	$78M	$45M
Q1 23	$119M	$69M	$34M
Q2 23	$125M	$64M	$29M
Q3 23	$127M	$64M	$29M
Q4 23	$133M	$63M	$25M
Q1 24	$133M	$60M	$23M
Q2 24	$134M	$63M	$26M
Q3 24	$135M	$62M	$23M
Q4 24	$132M	$65M	$26M
Q1 25	$129M	$67M	$27M
Q2 25	$151M	$48M	-$25M
Q3 25	$207M	$116M	$57M
Q4 25	$189M	$107M	$53M
Q1 26	$184M	$0	$53M

Valuation

Quarter	P/S	P/E
Q2 22	3.0x	7.8x
Q3 22	2.6x	7.4x
Q4 22	2.6x	7.9x
Q1 23	1.6x	5.8x
Q2 23	1.4x	6.1x
Q3 23	1.4x	6.7x
Q4 23	1.8x	10.3x
Q1 24	1.4x	9.2x
Q2 24	1.5x	10.4x
Q3 24	1.8x	13.2x
Q4 24	1.6x	11.8x
Q1 25	1.8x	12.1x
Q2 25	1.6x	23.6x
Q3 25	1.5x	15.7x
Q4 25	1.5x	12.7x
Q1 26	1.8x	13.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$46M	$45M
Q2 22	$25M	$25M
Q3 22	$24M	$23M
Q4 22	$82M	$81M
Q1 23	$16M	$14M
Q2 23	$21M	$21M
Q3 23	$27M	$26M
Q4 23	$28M	$25M
Q1 24	$21M	$20M
Q2 24	$22M	$22M
Q3 24	-$14M	-$16M
Q4 24	$32M	$30M
Q1 25	$15M	$15M
Q2 25	$6M	$6M
Q3 25	$37M	$34M
Q4 25	$48M	$47M

Capital Expenditures

Quarter	CapEx
Q1 22	$718.0K
Q2 22	$558.0K
Q3 22	$1M
Q4 22	$948.0K
Q1 23	$3M
Q2 23	$613.0K
Q3 23	$470.0K
Q4 23	$3M
Q1 24	$138.0K
Q2 24	$125.0K
Q3 24	$1M
Q4 24	$2M
Q1 25	$263.0K
Q2 25	$68.0K
Q3 25	$3M
Q4 25	$594.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+14.4%	+28.3%
Q3 22	+23.8%	+60.2%
Q4 22	+40.0%	+89.6%
Q1 23	+45.0%	+116.2%
Q2 23	+40.6%	+115.7%
Q3 23	+26.9%	+61.8%
Q4 23	+14.8%	+51.5%
Q1 24	+12.3%	+30.0%
Q2 24	+7.7%	+13.3%
Q3 24	+6.1%	+13.4%
Q4 24	-1.0%	-2.2%
Q1 25	-3.2%	-7.7%
Q2 25	+12.5%	+62.4%
Q3 25	+53.4%	+34.1%
Q4 25	+43.3%	+28.6%
Q1 26	+42.7%	+29.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$1M	1.4%
Q2 22	$1M	1.3%
Q3 22	$1M	1.2%
Q4 22	$1M	1.2%
Q1 23	$1M	1.0%
Q2 23	$1M	1.0%
Q3 23	$1M	1.0%
Q4 23	$1M	0.9%
Q1 24	$1M	0.8%
Q2 24	$1M	0.8%
Q3 24	$1M	0.8%
Q4 24	$1M	1.0%
Q1 25	$1M	1.0%
Q2 25	$1M	0.8%
Q3 25	$1M	0.6%
Q4 25	$829.0K	0.4%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$20M	$426.0K
Q3 22	$22M	$461.0K
Q4 22	$23M	$454.0K
Q1 23	$23M	$532.0K
Q2 23	$23M	$556.0K
Q3 23	$24M	$554.0K
Q4 23	$26M	$323.0K
Q1 24	$24M	$677.0K
Q2 24	$25M	$613.0K
Q3 24	$25M	$635.0K
Q4 24	$24M	$495.0K
Q1 25	$25M	$595.0K
Q2 25	$27M	$840.0K
Q3 25	$35M	$771.0K
Q4 25	$36M	—
Q1 26	—	$926.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$299M	$676M	$975M
Q3 22	$334M	$624M	$957M
Q4 22	$268M	$635M	$903M
Q1 23	$562M	$629M	$1.2B
Q2 23	$320M	$613M	$933M
Q3 23	$253M	$582M	$835M
Q4 23	$243M	$617M	$860M
Q1 24	$278M	$619M	$897M
Q2 24	$294M	$410M	$703M
Q3 24	$247M	$647M	$894M
Q4 24	$356M	$4M	$361M
Q1 25	$293M	$414M	$706M
Q2 25	$597M	$660M	$1.3B
Q3 25	$543M	$640M	$1.2B
Q4 25	$92M	$1.3B	$1.3B
Q1 26	$39M	$1.2B	$1.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	39M	-0.7%	-1.0%
Q3 22	39M	-0.3%	-1.3%
Q4 22	39M	+0.1%	-5.8%
Q1 23	39M	-0.2%	-1.1%
Q2 23	39M	-0.7%	-1.1%
Q3 23	39M	-0.5%	-1.3%
Q4 23	39M	-0.5%	-1.8%
Q1 24	39M	-0.4%	-2.0%
Q2 24	38M	-0.2%	-1.5%
Q3 24	39M	+0.2%	-0.8%
Q4 24	39M	0.0%	-0.3%
Q1 25	39M	-0.0%	-0.0%
Q2 25	42M	+9.5%	+9.7%
Q3 25	42M	0.0%	+9.5%
Q4 25	50M	+19.5%	+30.9%
Q1 26	0	-100.0%	-100.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$204.4K	434
Q3 22	$231.1K	434
Q4 22	$228.8K	507
Q1 23	$234.5K	507
Q2 23	$246.1K	507
Q3 23	$251.0K	507
Q4 23	$273.4K	487
Q1 24	$274.0K	487
Q2 24	$276.0K	487
Q3 24	$277.2K	487
Q4 24	$269.5K	489
Q1 25	$264.3K	489
Q2 25	$309.2K	489
Q3 25	$423.6K	489
Q4 25	$251.8K	750
Q1 26	$245.9K	750

Revenue / Employee