ConnectOne Bancorp, Inc. (CNOB)

ConnectOne Bancorp Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	473.12	477.86	453.99	352.99	293.55	296.61
Interest Income on Investments	39.95	40.03	36.07	20.75	8.19	11.59
Total Interest Income	513.07	517.89	490.07	373.75	301.74	308.2
Interest Paid on Deposits	238.43	244.85	206.18	50.56	24.77	52.39
Interest Paid on Borrowings	21.85	25.71	28.78	21.07	14.09	17.82
Total Interest Expense	260.28	270.55	234.96	71.63	38.86	70.21
Net Interest Income	252.79	247.34	255.11	302.12	262.88	237.99
Net Interest Income Growth (YoY)	1.80%	-3.04%	-15.56%	14.93%	10.46%	27.73%
Gain (Loss) on Sale of Assets	-	-	-	-	0.67	-
Gain (Loss) on Sale of Investments	0.45	0	-0.12	-1.52	-0.18	0.23
Other Non-Interest Income	7.06	7.14	6.32	5.6	4.77	5.01
Total Non-Interest Income	17.33	16.73	14	13.24	15.69	14.4
Non-Interest Income Growth (YoY)	15.10%	19.48%	5.72%	-15.60%	8.96%	79.22%
Revenues Before Loan Losses	270.12	264.07	269.11	315.36	278.57	252.39
Provision for Loan Losses	13.3	13.8	8.2	17.75	-5.5	41
Revenue	256.82	250.27	260.91	297.61	284.07	211.39
Revenue Growth (YoY)	1.84%	-4.08%	-12.33%	4.77%	34.38%	13.50%
Salaries and Employee Benefits	85.65	85.49	83.36	75.83	59.54	55.81
Occupancy Expenses	7.79	8.12	10.88	9.87	11.64	13.88
Federal Deposit Insurance	7.2	7.2	8.37	2.88	2.67	4
Amortization of Goodwill & Intangibles	1.19	1.24	1.44	1.69	1.98	2.56
Selling, General & Administrative	37.35	36.51	28.71	25.74	25.41	17.54
Other Non-Interest Expense	11.13	11.17	11.19	8.87	7.78	10.24
Total Non-Interest Expense	150.31	149.72	143.95	124.87	109.01	104.03
EBT Excluding Unusual Items	106.52	100.55	116.96	172.74	175.06	107.36
Other Unusual Items	-	-	-	-1.52	-	-2.33
Pretax Income	102.79	98.47	116.96	171.22	175.06	90.39
Income Tax Expense	25.96	24.67	29.96	46.01	44.71	19.1
Net Income	76.83	73.79	87	125.21	130.35	71.29
Preferred Dividends & Other Adjustments	6.23	6.22	6.25	6.32	2.03	0.36
Net Income to Common	70.6	67.57	80.75	118.89	128.32	70.93
Net Income Growth	-3.09%	-15.18%	-30.51%	-3.94%	82.85%	-2.87%
Basic Shares Outstanding	38	38	39	39	40	40
Diluted Shares Outstanding	38	38	39	39	40	40
Shares Change (YoY)	-0.73%	-1.23%	-1.30%	-1.03%	0.61%	12.33%
EPS (Basic)	1.85	1.77	2.08	3.03	3.24	1.80
EPS (Diluted)	1.84	1.76	2.07	3.01	3.22	1.79
EPS Growth	-2.63%	-14.98%	-31.23%	-6.52%	79.89%	-13.53%
Dividend Per Share	0.720	0.720	0.680	0.620	0.480	0.360
Dividend Growth	4.35%	5.88%	9.68%	29.17%	33.33%	-
Effective Tax Rate	25.25%	25.06%	25.61%	26.87%	25.54%	21.13%

Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q