ConnectOne Bancorp, Inc. (CNOB)

ConnectOne Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	480.15	453.99	352.99	293.55	296.61	255.48
Interest Income on Investments	38.66	36.07	20.75	8.19	11.59	16.01
Total Interest Income	518.81	490.07	373.75	301.74	308.2	271.48
Interest Paid on Deposits	245.61	206.18	50.56	24.77	52.39	65.57
Interest Paid on Borrowings	28.76	28.78	21.07	14.09	17.82	19.6
Total Interest Expense	274.37	234.96	71.63	38.86	70.21	85.17
Net Interest Income	244.45	255.11	302.12	262.88	237.99	186.32
Net Interest Income Growth (YoY)	-9.90%	-15.56%	14.93%	10.46%	27.73%	18.51%
Gain (Loss) on Sale of Assets	-	-	-	0.67	-	-
Gain (Loss) on Sale of Investments	0.87	-0.12	-1.52	-0.18	0.23	0.01
Other Non-Interest Income	7.12	6.32	5.6	4.77	5.01	3.48
Total Non-Interest Income	17.19	14	13.24	15.69	14.4	8.04
Non-Interest Income Growth (YoY)	29.27%	5.72%	-15.60%	8.97%	79.22%	46.81%
Revenues Before Loan Losses	261.64	269.11	315.36	278.57	252.39	194.35
Provision for Loan Losses	13	8.2	17.75	-5.5	41	8.1
Revenue	248.64	260.91	297.61	284.07	211.39	186.25
Revenue Growth (YoY)	-9.85%	-12.33%	4.77%	34.38%	13.50%	31.55%
Salaries and Employee Benefits	85.38	83.36	75.83	59.54	55.81	46.19
Occupancy Expenses	7.51	6.88	9.87	11.64	13.88	9.71
Federal Deposit Insurance	9.3	8.37	2.88	2.67	4	2.01
Amortization of Goodwill & Intangibles	1.29	1.44	1.69	1.98	2.56	1.41
Selling, General & Administrative	35.47	32.71	25.74	25.41	17.54	14.3
Other Non-Interest Expense	11.46	11.19	8.87	7.78	10.24	8.6
Total Non-Interest Expense	150.4	143.95	124.87	109.01	104.03	82.23
EBT Excluding Unusual Items	98.24	116.96	172.74	175.06	107.36	104.03
Other Unusual Items	-	-	-1.52	-	-2.33	-1.05
Pretax Income	97.5	116.96	171.22	175.06	90.39	94.03
Income Tax Expense	24.8	29.96	46.01	44.71	19.1	20.63
Net Income	72.7	87	125.21	130.35	71.29	73.4
Preferred Dividends & Other Adjustments	6.23	6.25	6.32	2.03	0.36	0.3
Net Income to Common	66.47	80.75	118.89	128.32	70.93	73.1
Net Income Growth	-27.51%	-30.51%	-3.94%	82.85%	-2.87%	21.61%
Basic Shares Outstanding	38	39	39	40	40	35
Diluted Shares Outstanding	39	39	39	40	40	35
Shares Change (YoY)	-1.59%	-1.30%	-1.03%	0.61%	12.33%	9.07%
EPS (Basic)	1.73	2.08	3.03	3.24	1.80	2.08
EPS (Diluted)	1.73	2.07	3.01	3.22	1.79	2.07
EPS Growth	-27.68%	-31.23%	-6.52%	79.89%	-13.53%	11.29%
Dividend Per Share	0.710	0.680	0.620	0.480	0.360	0.360
Dividend Growth	6.77%	9.68%	29.17%	33.33%	0%	20.00%
Effective Tax Rate	25.44%	25.61%	26.87%	25.54%	21.13%	21.94%

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