ConnectOne Bancorp, Inc. (CNOB)

ConnectOne Bancorp Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	477.86	453.99	352.99	293.55	296.61
Interest Income on Investments	40.03	36.07	20.75	8.19	11.59
Total Interest Income	517.89	490.07	373.75	301.74	308.2
Interest Paid on Deposits	244.85	206.18	50.56	24.77	52.39
Interest Paid on Borrowings	25.71	28.78	21.07	14.09	17.82
Total Interest Expense	270.55	234.96	71.63	38.86	70.21
Net Interest Income	247.34	255.11	302.12	262.88	237.99
Net Interest Income Growth (YoY)	-3.05%	-15.56%	14.93%	10.46%	27.73%
Gain (Loss) on Sale of Assets	-	-	-	0.67	-
Gain (Loss) on Sale of Investments	0	-0.12	-1.52	-0.18	0.23
Other Non-Interest Income	7.14	6.32	5.6	4.77	5.01
Total Non-Interest Income	16.73	14	13.24	15.69	14.4
Non-Interest Income Growth (YoY)	19.48%	5.72%	-15.60%	8.97%	79.22%
Revenues Before Loan Losses	264.07	269.11	315.36	278.57	252.39
Provision for Loan Losses	13.8	8.2	17.75	-5.5	41
Revenue	250.27	260.91	297.61	284.07	211.39
Revenue Growth (YoY)	-4.08%	-12.33%	4.77%	34.38%	13.50%
Salaries and Employee Benefits	90.05	83.36	75.83	59.54	55.81
Occupancy Expenses	11.62	6.88	9.87	11.64	13.88
Federal Deposit Insurance	7.2	8.37	2.88	2.67	4
Amortization of Goodwill & Intangibles	1.24	1.44	1.69	1.98	2.56
Selling, General & Administrative	28.44	32.71	25.74	25.41	17.54
Other Non-Interest Expense	11.17	11.19	8.87	7.78	10.24
Total Non-Interest Expense	149.72	143.95	124.87	109.01	104.03
EBT Excluding Unusual Items	100.55	116.96	172.74	175.06	107.36
Other Unusual Items	-	-	-1.52	-	-2.33
Pretax Income	98.47	116.96	171.22	175.06	90.39
Income Tax Expense	24.67	29.96	46.01	44.71	19.1
Net Income	73.79	87	125.21	130.35	71.29
Preferred Dividends & Other Adjustments	6.04	6.25	6.32	2.03	0.36
Net Income to Common	67.76	80.75	118.89	128.32	70.93
Net Income Growth	-15.18%	-30.51%	-3.94%	82.85%	-2.87%
Basic Shares Outstanding	38	39	39	40	40
Diluted Shares Outstanding	38	39	39	40	40
Shares Change (YoY)	-1.19%	-1.30%	-1.03%	0.61%	12.33%
EPS (Basic)	1.77	2.08	3.03	3.24	1.80
EPS (Diluted)	1.76	2.07	3.01	3.22	1.79
EPS Growth	-14.98%	-31.23%	-6.52%	79.89%	-13.53%
Dividend Per Share	0.720	0.680	0.620	0.480	0.360
Dividend Growth	5.88%	9.68%	29.17%	33.33%	0%
Effective Tax Rate	25.06%	25.61%	26.87%	25.54%	21.13%

Source: S&P Capital IQ. Banks template. Financial Sources.