ConnectOne Bancorp, Inc. (CNOB)

ConnectOne Bancorp, Inc. completed its merger with The First of Long Island Corporation on June 2, 2025, creating a larger banking entity with approximately $14 billion in total assets, $11 billion in total deposits, and $11 billion in total loans. Prior to the merger's completion, ConnectOne Bancorp received FDIC approval for the transaction in May 2025, and Morningstar DBRS assigned initial credit ratings to ConnectOne Bancorp, Inc. in May 2025. As of October 17, 2025, ConnectOne Bancorp's stock experienced a slide of about 7% over the past month, but over the last six months (as of March 29, 2025), the stock had shown a 7.02% increase. The company also announced it would host a conference call on October 30, 2025, to discuss its third-quarter 2025 financial results.

While explicit, detailed seasonality data for all of ConnectOne Bancorp, Inc.'s products and services is not extensively documented, the company has reported consistent demand. In the second quarter of 2025, ConnectOne experienced strong loan demand and record organic client deposit growth. Management also anticipated continued loan portfolio growth at a 2% quarterly rate, supported by strong demand and a robust pipeline in their Q4 2024 and Q1 2025 outlooks. ConnectOne Bank's offerings, such as revolving lines of credit, are designed to assist businesses with needs like purchasing inventory during a "slow season," indicating an awareness of seasonal business cycles among its clientele.

ConnectOne Bancorp, Inc. operates in the Finance sector, specifically within the Regional Banks industry, offering a suite of banking and lending products and services through ConnectOne Bank, including commercial, real estate, and consumer loans, as well as deposit and related financial services. Its fintech subsidiary, BoeFly, Inc., connects borrowers in the franchise space with funding solutions through a network of partner banks.

ConnectOne Bancorp, Inc. has expanded its geographic footprint through its merger with The First of Long Island Corporation, operating a network of over 60 branches spanning New York, New Jersey, and Southeast Florida. The company's roots are in the New York and New Jersey metropolitan area, and it strategically expanded into South Florida in 2021 to service clients based in the New York metro region.

ConnectOne Bancorp, Inc. maintains a reputation as a high-performing commercial bank with a "client-first" culture, emphasizing personalized service and a deep understanding of the businesses and communities it serves. Client testimonials highlight the bank's dedication to its customers and an easy-to-use online banking experience. The recent merger with The First of Long Island Corporation is seen as enhancing the company's scale and capabilities, which can positively impact its brand perception by offering an expanded range of services and expertise across a broader region.

As of June 2025, institutional investors hold a significant portion of ConnectOne Bancorp, Inc.'s stock, with 180 institutional investors holding positions. The percentage of ConnectOne Bancorp owned by institutions increased from 73.0% in March 2025 to 90.1% in June 2025. BlackRock, Inc. is the largest institutional holder, with a position of 5.45 million shares, representing 14.18% of the company's outstanding stock as of June 30, 2025. Other major institutional holders include FMR LLC, Vanguard Group Inc, Dimensional Fund Advisors LP, and Wellington Management Group LLP. Individual investors, including retail investors, own approximately 21% of the company's shares. Frank Sorrentino, the CEO, is a notable individual owner, holding 2.0% of the company's shares.