ConnectOne Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	581.14	477.86	453.99	352.99	293.55
Interest Income on Investments	63.73	40.03	36.07	20.75	8.19
Total Interest Income	644.87	517.89	490.07	373.75	301.74
Interest Paid on Deposits	260.29	244.85	206.18	50.56	24.77
Interest Paid on Borrowings	31.32	25.71	28.78	21.07	14.09
Total Interest Expense	291.62	270.55	234.96	71.63	38.86
Net Interest Income	353.25	247.34	255.11	302.12	262.88
Net Interest Income Growth (YoY)	42.82%	-3.04%	-15.56%	14.93%	10.46%
Gain (Loss) on Sale of Assets	-	-	-	-	0.67
Gain (Loss) on Sale of Investments	1.7	0	-0.12	-1.52	-0.18
Other Non-Interest Income	19.66	7.14	6.32	5.6	4.77
Total Non-Interest Income	35.07	16.73	14	13.24	15.69
Non-Interest Income Growth (YoY)	109.62%	19.48%	5.72%	-15.60%	8.96%
Revenues Before Loan Losses	388.32	264.07	269.11	315.36	278.57
Provision for Loan Losses	47	13.8	8.2	17.75	-5.5
Revenue	341.32	250.27	260.91	297.61	284.07
Revenue Growth (YoY)	36.38%	-4.08%	-12.33%	4.77%	34.38%
Salaries and Employee Benefits	111.42	85.49	83.36	75.83	59.54
Occupancy Expenses	16.55	8.12	10.88	9.87	11.64
Federal Deposit Insurance	8.6	7.2	8.37	2.88	2.67
Amortization of Goodwill & Intangibles	7.92	1.24	1.44	1.69	1.98
Selling, General & Administrative	33.99	36.51	28.71	25.74	25.41
Other Non-Interest Expense	13.04	11.17	11.19	8.87	7.78
Total Non-Interest Expense	191.84	149.72	143.95	124.87	109.01
EBT Excluding Unusual Items	149.47	100.55	116.96	172.74	175.06
Other Unusual Items	-	-	-	-1.52	-
Pretax Income	112.74	98.47	116.96	171.22	175.06
Income Tax Expense	32.3	24.67	29.96	46.01	44.71
Net Income	80.44	73.79	87	125.21	130.35
Preferred Dividends & Other Adjustments	6.04	6.22	6.25	6.32	2.03
Net Income to Common	74.41	67.57	80.75	118.89	128.32
Net Income Growth	9.01%	-15.18%	-30.51%	-3.94%	82.85%
Basic Shares Outstanding	45	38	39	39	40
Diluted Shares Outstanding	46	38	39	39	40
Shares Change (YoY)	18.63%	-1.23%	-1.30%	-1.03%	0.61%
EPS (Basic)	1.64	1.77	2.08	3.03	3.24
EPS (Diluted)	1.63	1.76	2.07	3.01	3.22
EPS Growth	-7.39%	-14.98%	-31.23%	-6.52%	79.89%
Dividend Per Share	0.720	0.720	0.680	0.620	0.480
Dividend Growth	-	5.88%	9.68%	29.17%	33.33%
Effective Tax Rate	28.65%	25.06%	25.61%	26.87%	25.54%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.