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Earnings transcript
Read the complete earnings call transcript.
CNOB
ConnectOne Bancorp, Inc.
$27.03
0.1
(0.37%)
| Exchange: | NASDAQ |
| Market Cap: | 1.359B |
| Shares Outstanding: | 9.364M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Regional | |||||
| CEO: | Frank S. Sorrentino | |||||
| Full Time Employees: | 489 | |||||
| Address: |
| |||||
| Website: | https://www.connectonebank.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 504,066 | 534,617 | 606,473 |
| Gross Profit | 260,907 | 250,265 | 267,856 |
| EBITDA | 122,899 | 104,124 | 112,743 |
| Operating Income | 116,958 | 98,467 | 112,743 |
| Net Income | 87,003 | 73,793 | 80,443 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 9,855,603 | 9,879,600 | 14,002,700 |
| Total Liabilities | 8,638,983 | 8,637,896 | 12,429,360 |
| Total Stockholders Equity | 1,216,620 | 1,241,704 | 1,573,340 |
| Total Debt | 1,026,189 | 783,506 | 32,446 |
| Cash and Cash Equivalents | 242,714 | 356,488 | 92,406 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 92,891 | 60,700 | 0 |
| Capital Expenditure | -7,433 | -3,793 | 0 |
| Free Cash Flow | 85,458 | 56,907 | 0 |
| Net Income | 87,003 | 73,793 | 80,443 |
| Net Change in Cash | -25,601 | 113,774 | -356,488 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2027 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 514,880.541 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 519,808.226 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 517,915.359 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 170,120.548 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 171,748.694 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 171,123.276 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 175,820.237 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 181,918.329 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 177,868.800 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 105,988.558 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 107,002.926 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 106,613.277 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 3.550 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 3.610 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 3.490 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 4 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: ConnectOne Bancorp reported strong financial results in Q2 2025, as highlighted in the earnings call transcript, with key metrics such as revenue, net income, and operating income showing positive trends. This indicates effective operational management and a solid foundation for sustained profitability.
- Strategic Merger Benefits: The recent merger discussed in the Q2 2025 earnings call is positioned as a significant driver of growth, enhancing the company’s market presence and operational synergies. This strategic move strengthens CNOB’s competitive positioning within the industry.
- Positive Free Cash Flow: Analysis of cash flow statements reveals consistent free cash flow generation, supported by strong operating cash flow figures. This provides financial flexibility for reinvestment, debt management, and shareholder returns.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates CNOB intrinsic value between $19.37 – $21.74 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about CNOB valuation
Is ConnectOne Bancorp, Inc. (CNOB) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for ConnectOne Bancorp, Inc. (CNOB) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CNOB a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CNOB trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CNOB’s P/E ratio?
You can see CNOB’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CNOB?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CNOB a good long-term investment?
Whether CNOB fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CNOB
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