ConnectOne Bancorp, Inc. (CNOB)

ConnectOne Bancorp Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	476.27	453.99	352.99	293.55	296.61	255.48
Interest Income on Investments	35.98	36.07	20.75	8.19	11.59	16.01
Total Interest Income	512.26	490.07	373.75	301.74	308.2	271.48
Interest Paid on Deposits	237.87	206.18	50.56	24.77	52.39	65.57
Interest Paid on Borrowings	28.47	28.78	21.07	14.09	17.82	19.6
Total Interest Expense	266.34	234.96	71.63	38.86	70.21	85.17
Net Interest Income	245.92	255.11	302.12	262.88	237.99	186.32
Net Interest Income Growth (YoY)	-14.34%	-15.56%	14.93%	10.46%	27.73%	18.51%
Gain (Loss) on Sale of Assets	-	-	-	0.67	-	-
Gain (Loss) on Sale of Investments	0.16	-0.12	-1.52	-0.18	0.23	0.01
Other Non-Interest Income	6.57	6.32	5.6	4.77	5.01	3.48
Total Non-Interest Income	16.02	14	13.24	15.69	14.4	8.04
Non-Interest Income Growth (YoY)	22.65%	5.72%	-15.60%	8.97%	79.22%	46.81%
Revenues Before Loan Losses	261.94	269.11	315.36	278.57	252.39	194.35
Provision for Loan Losses	10.7	8.2	17.75	-5.5	41	8.1
Revenue	251.24	260.91	297.61	284.07	211.39	186.25
Revenue Growth (YoY)	-11.18%	-12.33%	4.77%	34.38%	13.50%	31.55%
Salaries and Employee Benefits	84.25	83.36	75.83	59.54	55.81	46.19
Federal Deposit Insurance	9.3	8.37	2.88	2.67	4	2.01
Amortization of Goodwill & Intangibles	1.34	1.44	1.69	1.98	2.56	1.41
Selling, General & Administrative	34.52	32.71	25.74	25.41	17.54	14.3
Other Non-Interest Expense	11.52	11.19	8.87	7.78	10.24	8.6
Total Non-Interest Expense	148.29	143.95	124.87	109.01	104.03	82.23
EBT Excluding Unusual Items	102.95	116.96	172.74	175.06	107.36	104.03
Other Unusual Items	-	-	-1.52	-	-2.33	-1.05
Pretax Income	102.95	116.96	171.22	175.06	90.39	94.03
Income Tax Expense	26.01	29.96	46.01	44.71	19.1	20.63
Earnings From Continuing Operations	76.94	87	125.21	130.35	71.29	73.4
Net Income to Common	70.69	80.75	118.89	128.32	70.93	73.1
Basic Shares Outstanding	38	39	39	40	40	35
Diluted Shares Outstanding	39	39	39	40	40	35
Shares Change (YoY)	-1.68%	-1.30%	-1.03%	0.61%	12.33%	9.07%
EPS (Basic)	1.84	2.08	3.03	3.24	1.80	2.08
EPS (Diluted)	1.83	2.07	3.01	3.22	1.79	2.07
EPS Growth	-29.15%	-31.23%	-6.52%	79.89%	-13.53%	11.29%
Effective Tax Rate	25.26%	25.61%	26.87%	25.54%	21.13%	21.94%
Dividend Per Share	0.700	0.680	0.620	0.480	0.360	0.360
Dividend Growth	7.69%	9.68%	29.17%	33.33%	0%	20.00%

Source: S&P Capital IQ. Banks template.