CNOB
ConnectOne Bancorp, Inc.27.71
+0.26+0.95%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A tempers growth, refines NIM
Q&A tempered 2026 loan growth to 3-5% amid elevated payoffs from competition and non-relationship loans drifting off, while detailing a $600M pipeline at 6.2%. Deposit rivalry is heating up, folding into a 335-340bps year-end NIM base case including one Fed cut. Management prioritizes TCE to 9% before ramping dividends or buybacks, pitting M&A IRRs against repurchases in a busier market. Branch rationalization lands end-Q1; expenses step-up then flatten. AI efficiencies boost leverage. Payoffs crimp growth outlook. Confident tone persists, but watch deposit costs and capital choices.
Key Stats
Market Cap
1.39BP/E (TTM)
20.99Basic EPS (TTM)
1.32Dividend Yield
0.03%Recent Filings
10-K
FY2025 results
ConnectOne Bancorp closed FY2025 with $14.0B assets after acquiring FLIC on June 1, adding 36 Long Island/NYC branches and boosting loans 39% to $11.5B (CRE up 37% to $8.1B). Net income hit $80.4M (+9%), diluted EPS $1.63, fueled by net interest income jumping 43% to $353M on 3.11% NIM (up 39bps y/y) and 25% average earning assets growth, though Q4 drove momentum with margin stability amid falling rates. Q4 nonaccruals fell to 0.40% from 0.69% y/y; provision $47M reflected $27M FLIC initial hit. Liquidity solid at $4.6B unused credit; $200M subordinated notes issued May 2025. CRE concentration (70% loans, 434% Tier 1 capital) risks quarterly momentum if real estate weakens.
8-K
Q4 earnings with margin expansion
ConnectOne Bancorp reported Q4 2025 net income available to common stockholders of $38.0 million, down slightly from Q3's $39.5 million due to lower noninterest income, yet net interest income rose $4.6 million as margin widened 16 basis points to 3.27%. Loans and client deposits grew over 5% annualized; nonperforming assets ticked to 0.33%. Branch rationalization plans five closures in Q1 2026. Momentum builds.
8-K
Q4 earnings call set
ConnectOne Bancorp scheduled its Q4 2025 earnings release before market open on January 29, 2026, followed by a 10:00 a.m. ET conference call hosted by CEO Frank Sorrentino III and CFO William S. Burns. Investors can dial 1-646-307-1963 (code 8645811) or access the webcast via ir.connectonebank.com. Replay available through February 5. No results disclosed yet.
8-K
CRO O'Malley exits; Pappas appointed
ConnectOne Bancorp's Chief Risk Officer Michael O'Malley will separate December 31, 2025, post-merger with First of Long Island, securing $389,813 severance, 2025 cash incentive eligibility, and vesting of specified equity awards into March 2026. Mark Pappas, ex-Chief Internal Auditor with 30+ years' risk experience, steps in immediately. Smooth transition aids integration. Post-merger realignment.
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