$32.690
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Noticias de CNOB
Eventos de CNOB
ConnectOne Reports Q3 Tangible Book Value Per Share of $24.19
Reports Q3 tangible book value per share $24.19. "Our core performance was strong and reflects the successful execution of our relationship-driven banking strategy. Operating PPNR exceeded 2% of average assets and operating return on tangible common equity topped 15%," commented Frank Sorrentino, ConnectOne's chairman and CEO. "Loans and average client deposits each grew at an annualized rate of about 11%, and our net interest margin widened to 3.44% despite higher short-term rates and a competitive funding environment. Disciplined expense management kept costs well controlled, and credit quality metrics improved."
ConnectOne Reports Q2 Revenue of $122.77M, Beating Expectations
Reports Q2 revenue $122.77M, consensus $121.53M. Reports Q2 tangible book value per share $24.66. Reports Q2 CET1 capital ratio 10.28%. "ConnectOne delivered another quarter of accelerated performance metrics, driven by sustained momentum across our franchise and a disciplined execution of our relationship-banking business model," commented Frank Sorrentino, ConnectOne's Chairman and Chief Executive Officer. "Loans and core deposits grew sequentially at annualized rates of approximately 5% and 8%, respectively, while our net interest margin expanded for the 7th consecutive quarter, climbing past 3.40%. The quarter also saw enhanced operating efficiency, and strong capital levels, alongside a substantial rise in tangible book value per share."
ConnectOne Reports Q1 Revenue of $116.64M, Beating Consensus
Reports Q1 revenue $116.64M, consensus $115.61M. Reports Q1 tangible book value per share $23.93. Reports Q1 CET1 capital ratio 10.23%. "ConnectOne began 2026 with robust momentum, positioning us for what we expect to be a strong year," commented Frank Sorrentino, ConnectOne's chairman and CEO. "Loans and deposits both grew sequentially at an annualized rate of approximately 10%, while our net interest margin expanded by 12 basis points. Accelerating portfolio loan yields are expected to support continued net interest margin expansion in the quarters ahead, even without further rate cuts."
ConnectOne Reports Q4 Net Interest Income of $107.8 Million
Fully taxable equivalent net interest income for the fourth quarter of 2025 was $107.8 million, an increase of $4.6 million, or 4.5%, from the third quarter of 2025. As of December 31, 2025, the Company's tangible common equity ratio and tangible book value per share were 8.62% and $23.52, respectively, compared to 9.49% and $23.92, respectively, as of December 31, 2024. Reports CET1 ratio 10.24%. "I'm pleased with ConnectOne's strong fourth quarter performance underscored by robust core earnings and expanding margins," stated Frank Sorrentino, CEO. "The Bank's net interest margin widened by 16 basis points during the quarter, benefiting from an 18 basis-point improvement in our cost of interest-bearing deposits combined with virtually no change in our loan portfolio yield. Our net interest margin is expected to continue its upward trend during 2026 with deposit and borrowing costs decreasing and loan yields increasing. Loans and client deposits, which exclude a reduction of over $280 million of brokered deposits during the quarter, both grew sequentially by more than 5% annualized, while credit trends remained stable. Our nonperforming asset ratio was just 0.33%, while annualized net charge-offs were 0.17%. Performance metrics are gaining momentum, with operating returns on assets advancing by nearly 20 basis points to 1.24%, and average tangible common equity advancing by 172 basis points to 14.27%. Further, our tangible book value per share increased by an additional 3% during the quarter to $23.52. Operationally, with the merger integration behind us, we're continuing to realize incremental synergies across the franchise. ConnectOne's scalable operating model, leading technology and robust business offerings are now driving both greater efficiency and accelerated growth. 2025 was a very strong year for ConnectOne and we enter 2026 with solid operating momentum. We look forward to building upon our client-first culture and relationship-driven strategy to drive growth and long-term value creation for all stakeholders."
ConnectOne Bancorp Announces Q3 Earnings Per Share of 78 Cents, Exceeding Consensus Estimate of 67 Cents
"ConnectOne's strong third quarter performance highlights the team's disciplined execution and commitment to deepening client relationships while delivering on the Bank's strategic objectives," commented Frank Sorrentino, ConnectOne's Chairman and Chief Executive Officer. "With our first full quarter post-merger, we're operating seamlessly as one organization, realizing the positive financial benefits of the combination and expanded footprint."
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