ConnectOne Bancorp (CNOB) Financial Statements & Analysis

ConnectOne Bancorp (CNOB) Income Statement

ConnectOne Bancorp reported revenue of $378.21M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 51.1% from $250.26M a year earlier. Net income was $80.44M, up 18.7% year over year, a net margin of 21.3%. Gross margin was 70.8% and operating margin 29.8%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was $97.80M, down 12.1% from the same quarter a year earlier.

ConnectOne Bancorp Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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ConnectOne Bancorp, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	378.21	250.27	504.07	386.99	284.07	322.60	279.52	221.61	189.53
Cost of Revenue	338.62	284.35	243.16	89.38	33.36	111.21	93.27	80.02	42.26
Gross Profit	267.86	250.27	260.91	297.61	283.40	211.39	186.25	141.59	147.27
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	123.53	47.26	98.66	85.29	35.17	69.97	57.00	48.07	44.15
Operating Expenses	155.11	151.80	143.95	126.39	108.34	121.00	92.23	70.45	78.76
Operating Income	112.74	98.47	116.96	171.22	175.06	90.39	94.03	71.13	68.51
Other Income/Expense
Interest Income	644.87	513.54	486.40	372.09	300.77	306.56	269.71	214.12	179.90
Interest Expense	291.62	270.55	234.96	71.63	38.86	70.21	85.17	58.92	36.26
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	112.74	98.47	116.96	171.22	175.06	90.39	94.03	71.13	68.51
Income Tax Expense	32.30	24.67	29.96	46.01	44.71	19.10	20.63	10.78	25.29
Net Income	80.44	67.76	87.00	125.21	128.64	71.29	73.40	60.35	43.22
Net Income - Continuous Operations	80.44	73.79	87.00	125.21	130.35	71.29	73.40	60.35	43.22
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	14.01	5.66	122.90	176.77	0.01	97.19	98.49	74.82	72.39
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	7.92	5.66	5.94	5.55	5.74	6.80	4.46	3.69	3.88
Earnings Per Share
Basic EPS	2.00	2.00	2.00	3.00	3.00	2.00	2.00	2.00	1.00
Diluted EPS	2.00	2.00	2.00	3.00	3.00	2.00	2.00	2.00	1.00
Basic Shares Outstanding	45.37	38.27	38.93	39.26	39.63	39.51	35.21	32.12	31.90
Diluted Shares Outstanding	45.65	38.48	38.96	39.48	39.89	39.64	35.29	32.36	32.24

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About ConnectOne Bancorp Financial Statements

What was ConnectOne Bancorp's revenue in fiscal 2025?

ConnectOne Bancorp reported revenue of $378.21M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 51.1% from $250.26M a year earlier.

Is ConnectOne Bancorp profitable?

Yes. ConnectOne Bancorp earned net income of $80.44M in fiscal 2025, a net margin of 21.3%. In fiscal 2024 it earned $67.76M.

What is ConnectOne Bancorp's operating margin?

ConnectOne Bancorp's operating income was $112.74M on revenue of $378.21M in fiscal 2025, an operating margin of 29.8%, compared with 39.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition