Highest-materiality recent filing
ConnectOne Q1 net income $36.3M ($0.72 EPS); NIM expands 12 bps; dividend raised 8.3%
Net income available to common $36.3M ($0.72 diluted EPS) vs $38.0M ($0.75) in Q4 2025; operating EPS $0.79.
ConnectOne Q4 net income $38M, EPS $0.75; margin up 16bps; plans 5 branch closures
Q4 2025 net income available to common $38.0M ($0.75 diluted EPS) vs $18.9M ($0.49) a year ago.
ConnectOne Q3 net income $39.5M ($0.78 EPS); NIM widens to 3.11%
Net income available to common stockholders $39.5M vs $(21.8)M in Q2 2025 and $15.7M in Q3 2024; diluted EPS $0.78.
ConnectOne Bancorp redeems $75M in subordinated debentures effective Sept 15, 2025
Redemption of all $75M outstanding subordinated debentures (maturing June 15, 2030) at par plus accrued interest.
ConnectOne reports Q2 net loss of $(21.8)M on $30.7M merger costs and $27.4M credit provision
Net loss available to common: $(21.8)M (diluted EPS $(0.52)); operating net income $23.1M (EPS $0.55).
ConnectOne completes acquisition of First of Long Island, creating $14B asset bank
FLIC shareholders received 0.5175 shares of CNOB per share; cash in lieu of fractional shares.
ConnectOne Bancorp issues $200M subordinated notes at 8.125%, due 2035
Issued $200M of 8.125% Fixed-to-Floating Rate Subordinated Notes due 2035; net proceeds ~$196.5M.
ConnectOne receives all bank regulatory approvals for FLIC merger; close set for June 1, 2025
New Jersey Department of Banking and Insurance approved the merger on May 12, 2025.
ConnectOne Bancorp receives Fed waiver for First of Long Island merger
Received Federal Reserve Bank of New York waiver from filing application for merger with The First of Long Island Corporation on May 9, 2025.
FDIC approved the merger of ConnectOne Bancorp (CNOB) and First of Long Island (FLIC); closing expected on or about June 1, 2025.
ConnectOne Q1 net income $18.7M ($0.49 EPS), NIM expands to 2.93%, declares $0.18 dividend
Q1 net income available to common stockholders $18.7M ($0.49 diluted EPS), flat vs Q4 2024, up from $15.7M ($0.41) in Q1 2024.
ConnectOne and First of Long Island shareholders approve merger; close expected Q2 2025
ConnectOne shareholders voted 29.6M for, 22.7K against, 150.4K abstentions; FLIC shareholders also approved.
ConnectOne Q4 net income $18.9M ($0.49 EPS), margin expands to 2.86%
Q4 net income available to common $18.9M (diluted EPS $0.49), up 20.5% QoQ from $15.7M ($0.41).
ConnectOne Q3 EPS $0.41 down from $0.51 YoY; merger with First of Long Island on track
Net income available to common stockholders $15.7M, down 10% from Q2 ($17.5M) and 21% from Q3 2023 ($19.9M).
ConnectOne Bancorp to acquire First of Long Island for ~$284M in stock merger
FLIC shareholders receive 0.5175 CNOB shares per FLIC share; aggregate value ~$284M (~$12.40/FLIC share).
ConnectOne Q2 2024 EPS $0.46; NIM widens 8 bps; deposit balances up
Net income available to common $17.5M ($0.46 diluted EPS) vs $15.7M ($0.41) in Q1 and $19.9M ($0.51) a year ago.
ConnectOne Q1 earnings fall YoY; net income $15.7M, EPS $0.41; common dividend raised 5.9%
Net income available to common stockholders $15.7M ($0.41 diluted EPS) vs Q4 2023 $17.8M ($0.46) and Q1 2023 $23.4M ($0.59).
ConnectOne Q4 2023 EPS $0.46, down 42% YoY; net income $17.8M vs $31M
Diluted EPS $0.46 (Q4 2023) vs $0.79 (Q4 2022); net income $17.8M vs $31.0M.
ConnectOne Q3 EPS $0.51 flat sequentially; net interest margin contracts to 2.76%
Net income available to common $19.9M ($0.51 EPS) flat QoQ; down from $27.4M ($0.70) YoY.
ConnectOne Q2 net income falls to $19.9M, EPS $0.51, down from Q1 $23.4M and Q2 2022 $30.8M
Net income available to common stockholders was $19.9M ($0.51 diluted EPS) vs $23.4M ($0.59) in Q1 2023 and $30.8M ($0.78) in Q2 2022.
the Board of Directors of the Registrant appointed Ms. Elizabeth Magennis as President of the Registrant.
Mr. Frank Sorrentino, who previously served as President of the Registrant, as well as Chairman and Chief Executive Officer of the Registrant and the Bank, will continue to serve as Chairman and Chief Executive Officer of the Registrant and the Bank.
In connection with his appointment to the Board of Directors and his resignation from FLIC, Mr. Becker entered into that certain Vice Chairman and Separation Agreement with the Registrant (the “VCSA”), pursuant to which Mr. Becker will become Vice Chairman of ConnectOne and the Bank.
At the Effective Time, Mr. Christopher Becker, the former President and Chief Executive Officer and a Director of FLIC, and Messrs. Edward J. Haye and Peter Quick, former Directors of FLIC, were appointed to the Board of Directors of the Registrant and the Board of Directors of the Bank, both of which have been expanded to include fifteen members.
At the Effective Time, Mr. Christopher Becker, the former President and Chief Executive Officer and a Director of FLIC, and Messrs. Edward J. Haye and Peter Quick, former Directors of FLIC, were appointed to the Board of Directors of the Registrant and the Board of Directors of the Bank, both of which have been expanded to include fifteen members.
Christopher J. Ewing, who currently serves as the Company’s Chief Operations Officer, will separate employment with the Company effective December 31, 2023
Mr. McGrover will serve as a consultant through the end of the year to aid in the transition to his successor, Mr. Joseph Javitz.
Effective August 31, 2021, Michael McGrover, the Registrant’s Fist Senior Vice President and Chief Credit Officer, retired as an employee of ConnectOne Bank, the Registrant’s wholly owned insured depository subsidiary.
Max materiality 0.85 · Median 0.33 · Most common event other