ConnectOne Bancorp, Inc. (CNOB)

Over the past six months, ConnectOne Bancorp's stock has been a moderate performer, gaining about 6%, with an 18% surge since October 2025. A significant event was the completion of its merger with The First of Long Island Corporation (FLIC) in June 2025, which expanded ConnectOne's assets past $10 billion and enhanced its low-cost deposit base. In the fourth quarter of 2025, ConnectOne reported solid results, with revenue surging 70% primarily due to the FLIC acquisition. The company's Q4 2025 earnings showed improving net interest margin and performance ratios, robust loan originations, and core client deposit growth, alongside a reduction in wholesale deposits, clean asset quality, and healthy capital and tangible book value accretion. Net interest income for the quarter rose to US$106.6 million. However, the company also reported a one-off loss of US$36.7 million in FY 2025, which impacted the trailing net profit margin. Despite this, the bank demonstrated high profitability with a net interest margin of 5.53% and a low gross non-performing assets ratio of 0.35%. ConnectOne Bancorp also declared common and preferred dividends during this period.

Explicit statements regarding demand seasonality for all of ConnectOne Bancorp's products and services were not found. Delinquencies can seasonally tick up during the fourth quarter in the banking sector, suggesting that certain aspects of loan performance may exhibit seasonal patterns. The company's strong pipeline for various loan types indicates consistent demand for its lending products.

ConnectOne Bancorp, Inc. operates in the Financial Services sector, specifically in the Banks-Regional industry, providing banking and lending products and services to small to middle-market businesses, local professionals, and individuals. The company offers commercial loans, commercial real estate loans, construction loans, residential real estate loans, consumer loans, and various deposit products. ConnectOne emphasizes a "branch-lite" model, leveraging technology and talent for efficiency, and its fintech subsidiary, BoeFly, connects borrowers in the franchise space with funding solutions. ConnectOne Bank also specializes in providing solutions for specific industries like real estate, independent schools, non-profits, healthcare and medical practices, and law firms.

ConnectOne Bancorp's primary geographic footprint includes the New Jersey/New York metropolitan area. The company expanded into South Florida in 2021 to service clients based in the New York metro region. Following its merger with The First of Long Island Corporation in June 2025, ConnectOne now has a retail network of over 60 branches spanning New York, New Jersey, and Southeast Florida.

ConnectOne Bancorp emphasizes a "client-first" culture and a sense of urgency in its business decisions. The company's mission is to demonstrate that prioritizing people leads to a better way of doing business, fostering trust with entrepreneurs, business owners, and families through personalized services and financial technologies. Its focus on client relationships and efficient, technology-driven banking services generally contributes positively to its standing in the market.

ConnectOne Bancorp, Inc. has a substantial institutional ownership base, with 420 institutional owners and shareholders holding a total of 44,165,576 shares. Major institutional owners include BlackRock, Inc., Fmr Llc, Wellington Management Group Llp, Vanguard Group Inc, Dimensional Fund Advisors Lp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, State Street Corp, Geode Capital Management, Llc, IWM - iShares Russell 2000 ETF, and Goldman Sachs Group Inc. Other notable institutional investors include Elizabeth Park Capital Advisors Ltd., Boston Partners, Kennedy Capital Management LLC, JPMorgan Chase & Co., and Ameriprise Financial Inc.