Connectone Bancorp Inc Financials

CNOB

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Key Financial Metrics

Revenue

$517.9M

YoY+5.7%

5Y CAGR+13.8%

10Y CAGR+18.6%

Connectone Bancorp Inc generated $517.9M in revenue in fiscal year 2024. This represents an increase of 5.7% from the prior year.

EBITDA

N/A

Free Cash Flow

$56.9M

YoY-33.4%

5Y CAGR-0.8%

10Y CAGR+9.4%

Connectone Bancorp Inc generated $56.9M in free cash flow in fiscal year 2024, representing cash available after capital expenditures. This represents a decrease of 33.4% from the prior year.

Net Income

$73.8M

YoY-15.2%

5Y CAGR+0.1%

10Y CAGR+14.8%

Connectone Bancorp Inc reported $73.8M in net income in fiscal year 2024. This represents a decrease of 15.2% from the prior year.

EPS (Diluted)

$1.76

YoY-15.0%

5Y CAGR-3.2%

10Y CAGR+8.3%

Connectone Bancorp Inc earned $1.76 per diluted share in fiscal year 2024. This represents a decrease of 15.0% from the prior year.

Cash & Debt

$356.5M

YoY+46.9%

5Y CAGR+12.1%

10Y CAGR+10.9%

Connectone Bancorp Inc held $356.5M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.71

YoY+6.8%

5Y CAGR+14.5%

10Y CAGR+9.0%

Connectone Bancorp Inc paid $0.71 per share in dividends in fiscal year 2024. This represents an increase of 6.8% from the prior year.

Shares Outstanding

38M

YoY-0.4%

5Y CAGR+1.8%

10Y CAGR+2.6%

Connectone Bancorp Inc had 38M shares outstanding in fiscal year 2024. This represents a decrease of 0.4% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

14.2%

YoY-3.5pp

5Y CAGR-12.8pp

10Y CAGR-5.5pp

Connectone Bancorp Inc's net profit margin was 14.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 3.5 percentage points from the prior year.

Return on Equity

5.9%

YoY-1.2pp

5Y CAGR-4.1pp

10Y CAGR+1.8pp

Connectone Bancorp Inc's return on equity was 5.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$5.8M

YoY-66.7%

Connectone Bancorp Inc spent $5.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 66.7% from the prior year.

Capital Expenditures

$3.8M

YoY-49.0%

5Y CAGR+20.0%

10Y CAGR+6.7%

Connectone Bancorp Inc invested $3.8M in capital expenditures in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 49.0% from the prior year.

CNOB Income Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Revenue	$517.9M+5.7%	$490.1M+31.1%	$373.7M+23.9%	$301.7M-2.1%	$308.2M+13.5%	$271.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$270.6M+15.1%	$235.0M+228.0%	$71.6M+84.3%	$38.9M-44.7%	$70.2M-17.6%	$85.2M
Income Tax	$24.7M-17.6%	$30.0M-34.9%	$46.0M+2.9%	$44.7M+134.0%	$19.1M-7.4%	$20.6M
Net Income	$73.8M-15.2%	$87.0M-30.5%	$125.2M-3.9%	$130.4M+82.9%	$71.3M-2.9%	$73.4M
EPS (Diluted)	$1.76-15.0%	$2.07-31.2%	$3.01-6.5%	$3.22+79.9%	$1.79-13.5%	$2.07

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$187.7M+28.5%	$146.0M+17.0%	$124.8M-2.5%	$128.0M-1.7%	$130.2M+0.2%	$130.0M+0.3%	$129.6M+0.5%	$129.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$85.7M+27.6%	$67.1M+13.7%	$59.0M-6.8%	$63.3M-8.7%	$69.4M+1.1%	$68.6M-1.1%	$69.3M+3.2%	$67.1M
Income Tax	$16.3M+426.3%	-$5.0M-169.7%	$7.2M+17.6%	$6.1M+1.1%	$6.0M-10.0%	$6.7M+13.8%	$5.9M-5.4%	$6.2M
Net Income	$41.0M+301.9%	-$20.3M-200.3%	$20.2M-0.6%	$20.4M+18.7%	$17.2M-9.9%	$19.1M+10.8%	$17.2M-10.7%	$19.3M
EPS (Diluted)	$0.78+250.0%	$-0.52-206.1%	$0.490.0%	$0.49+19.5%	$0.41-10.9%	$0.46+12.2%	$0.41-10.9%	$0.46

CNOB Balance Sheet

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Total Assets	$9.9B+0.2%	$9.9B+2.2%	$9.6B+18.6%	$8.1B+7.7%	$7.5B+22.2%	$6.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$356.5M+46.9%	$242.7M-9.5%	$268.3M+1.0%	$265.5M-12.6%	$303.8M+50.8%	$201.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$208.4M0.0%	$208.4M0.0%	$208.4M0.0%	$208.4M0.0%	$208.4M+28.2%	$162.6M
Total Liabilities	$8.6B0.0%	$8.6B+2.0%	$8.5B+20.9%	$7.0B+5.6%	$6.6B+21.8%	$5.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$500.3M
Total Equity	$1.2B+2.1%	$1.2B+3.2%	$1.2B+4.9%	$1.1B+22.8%	$915.3M+25.2%	$731.2M
Retained Earnings	$631.4M+6.8%	$591.0M+10.3%	$535.9M+21.8%	$440.2M+32.6%	$332.0M+22.1%	$271.8M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$14.0B+0.8%	$13.9B+42.6%	$9.8B-1.2%	$9.9B+2.5%	$9.6B-0.9%	$9.7B-1.3%	$9.9B0.0%	$9.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$542.7M-9.0%	$596.5M+103.9%	$292.6M-17.9%	$356.5M+44.2%	$247.2M-15.8%	$293.5M+5.7%	$277.6M+14.4%	$242.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$215.6M0.0%	$215.6M+3.5%	$208.4M0.0%	$208.4M0.0%	$208.4M0.0%	$208.4M0.0%	$208.4M0.0%	$208.4M
Total Liabilities	$12.5B+0.5%	$12.4B+46.0%	$8.5B-1.5%	$8.6B+2.8%	$8.4B-1.2%	$8.5B-1.6%	$8.6B0.0%	$8.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.5B+2.8%	$1.5B+19.4%	$1.3B+0.9%	$1.2B+0.2%	$1.2B+1.2%	$1.2B+0.6%	$1.2B0.0%	$1.2B
Retained Earnings	$644.9M+4.9%	$614.5M-4.5%	$643.3M+1.9%	$631.4M+1.9%	$619.5M+1.4%	$610.8M+1.8%	$600.1M+1.5%	$591.0M

CNOB Cash Flow Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Operating Cash Flow	$60.7M-34.7%	$92.9M-47.5%	$176.8M-12.6%	$202.3M+149.3%	$81.1M+33.7%	$60.7M
Capital Expenditures	$3.8M-49.0%	$7.4M+125.2%	$3.3M+18.6%	$2.8M+26.6%	$2.2M+44.0%	$1.5M
Free Cash Flow	$56.9M-33.4%	$85.5M-50.7%	$173.5M-13.0%	$199.5M+152.8%	$78.9M+33.4%	$59.2M
Investing Cash Flow	$55.2M+122.2%	-$248.0M+83.9%	-$1.5B-123.7%	-$689.9M-113.3%	-$323.4M-215.6%	-$102.5M
Financing Cash Flow	-$2.1M-101.6%	$129.5M-90.5%	$1.4B+204.7%	$449.4M+30.4%	$344.5M+385.9%	$70.9M
Dividends Paid	$27.3M+5.3%	$25.9M+10.6%	$23.4M+33.9%	$17.5M+22.2%	$14.3M+17.7%	$12.2M
Share Buybacks	$5.8M-66.7%	$17.5M+33.3%	$13.1M+39.6%	$9.4M+931.9%	$911K	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	$14.9M	N/A	N/A	N/A	$20.5M	N/A
Capital Expenditures	N/A	N/A	$263K	N/A	N/A	N/A	$138K	N/A
Free Cash Flow	N/A	N/A	$14.6M	N/A	N/A	N/A	$20.4M	N/A
Investing Cash Flow	N/A	N/A	$59.2M	N/A	N/A	N/A	$33.1M	N/A
Financing Cash Flow	N/A	N/A	-$138.0M	N/A	N/A	N/A	-$18.7M	N/A
Dividends Paid	N/A	N/A	$6.9M	N/A	N/A	N/A	$6.5M	N/A
Share Buybacks	N/A	N/A	$0	N/A	N/A	N/A	$5.8M	N/A

CNOB Financial Ratios

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	14.2%-3.5pp	17.8%-15.8pp	33.5%-9.7pp	43.2%+20.1pp	23.1%-3.9pp	27.0%
Return on Equity	5.9%-1.2pp	7.1%-3.5pp	10.6%-1.0pp	11.6%+3.8pp	7.8%-2.3pp	10.0%
Return on Assets	0.8%-0.1pp	0.9%-0.4pp	1.3%-0.3pp	1.6%+0.7pp	0.9%-0.3pp	1.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.96-0.1	7.10-0.1	7.18+1.0	6.23-1.0	7.25+6.6	0.68
FCF Margin	11.0%-6.5pp	17.4%-29.0pp	46.4%-19.7pp	66.1%+40.5pp	25.6%+3.8pp	21.8%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	21.8%+35.7pp	-13.9%-30.1pp	16.2%+0.3pp	15.9%+2.7pp	13.2%-1.5pp	14.7%+1.4pp	13.3%-1.7pp	14.9%
Return on Equity	2.7%	N/A	1.6%-0.0pp	1.6%+0.3pp	1.4%-0.2pp	1.6%+0.1pp	1.4%-0.2pp	1.6%
Return on Assets	0.3%+0.4pp	-0.1%-0.4pp	0.2%0.0pp	0.2%+0.0pp	0.2%-0.0pp	0.2%+0.0pp	0.2%-0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	8.12-0.2	8.30+1.5	6.79-0.2	6.96+0.2	6.78-0.2	6.94-0.2	7.100.0	7.10
FCF Margin	N/A	N/A	11.7%	N/A	N/A	N/A	15.7%	N/A

Frequently Asked Questions

What is Connectone Bancorp Inc's annual revenue?

Connectone Bancorp Inc (CNOB) reported $517.9M in revenue for fiscal year 2024.

How fast is Connectone Bancorp Inc's revenue growing?

Connectone Bancorp Inc (CNOB) revenue grew by 5.7% year-over-year, from $490.1M to $517.9M in fiscal year 2024.

Is Connectone Bancorp Inc profitable?

Yes, Connectone Bancorp Inc (CNOB) reported a net income of $73.8M in fiscal year 2024, with a net profit margin of 14.2%.

What is Connectone Bancorp Inc's earnings per share (EPS)?

Connectone Bancorp Inc (CNOB) reported diluted earnings per share of $1.76 for fiscal year 2024.

What is Connectone Bancorp Inc's net profit margin?

Connectone Bancorp Inc (CNOB) had a net profit margin of 14.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Connectone Bancorp Inc pay dividends?

Yes, Connectone Bancorp Inc (CNOB) paid $0.71 per share in dividends during fiscal year 2024.

What is Connectone Bancorp Inc's return on equity (ROE)?

Connectone Bancorp Inc (CNOB) has a return on equity of 5.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Connectone Bancorp Inc's free cash flow?

Connectone Bancorp Inc (CNOB) generated $56.9M in free cash flow during fiscal year 2024, representing cash available after capital expenditures.

What is Connectone Bancorp Inc's operating cash flow?

Connectone Bancorp Inc (CNOB) generated $60.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Connectone Bancorp Inc's total assets?

Connectone Bancorp Inc (CNOB) had $9.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Connectone Bancorp Inc's capital expenditures?

Connectone Bancorp Inc (CNOB) invested $3.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Connectone Bancorp Inc buy back shares?

Yes, Connectone Bancorp Inc (CNOB) spent $5.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Connectone Bancorp Inc have outstanding?

Connectone Bancorp Inc (CNOB) had 38M shares outstanding as of fiscal year 2024.

What is Connectone Bancorp Inc's debt-to-equity ratio?

Connectone Bancorp Inc (CNOB) had a debt-to-equity ratio of 6.96 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Connectone Bancorp Inc's return on assets (ROA)?

Connectone Bancorp Inc (CNOB) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.