ConnectOne Bancorp Inc (OQ:CNOB)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 301 Sylvan Avenue ENGLEWD CLFS NJ 07632 |
| Tel: | N/A |
| Website: | https://www.connectonebank.com |
| IR: | See website |
| Key People | ||
| Frank S. Sorrentino Chairman of the Board, Chief Executive Officer | William S. Burns Chief Financial Officer, Executive Vice President | Elizabeth Magennis President - ConnectOne Bank |
| Michael O'Malley Executive Vice President, Chief Risk Officer | Dana Zeller Chief Strategic Operations Officer | |
| Business Overview |
| ConnectOne Bancorp, Inc. is a financial services company. It operates through its bank subsidiary, ConnectOne Bank. ConnectOne Bank is a commercial bank offering a full suite of deposit and loan products and services to the general public, primarily to small and mid-sized businesses, local professionals and individuals residing, working and conducting business in the New York Metropolitan area and the South Florida market served by its West Palm Beach office. Its products and services include personal and business checking accounts, money market accounts, time and savings accounts, credit cards, wire transfers, safe deposit boxes, access to automated teller services and telephone, Internet and mobile banking. It also offers consumer and commercial business loans on a secured and unsecured basis, revolving lines of credit, commercial mortgage loans, and residential mortgages on both primary and secondary residences, home equity loans, bridge loans and other personal purpose loans. |
| Financial Overview |
| For the three months ended 31 March 2024, ConnectOne Bancorp Inc interest income increased 12% to $129.6M. Net interest income after loan loss provision decreased 15% to $56.3M. Net income applicable to common stockholders decreased 33% to $15.7M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% decrease of 12% to 2.64%, Net Interest Spread, Total -% decrease of 22% to 1.8%. |
| Employees: | 487 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $897.65M as of Mar 31, 2024 |
| Annual revenue (TTM): | $503.58M as of Mar 31, 2024 |
| EBITDA (TTM): | $140.71M as of Mar 31, 2024 |
| Net annual income (TTM): | $73.03M as of Mar 31, 2024 |
| Free cash flow (TTM): | $59.91M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $34.24M as of Mar 31, 2024 |
| Shares outstanding: | 38,333,053 as of Apr 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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