ConnectOne Bancorp, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), ConnectOne Bancorp, Inc. reported net income of $80.4M (+9.0% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Interest and fees on loans | $581.1M | $477.9M | $454.0M | $353.0M |
| Taxable | $36.1M | $18.6M | $16.7M | $12.7M |
| Tax-exempt | $6.5M | $4.5M | $4.6M | $3.9M |
| Dividends | $3.7M | $4.3M | $3.7M | $1.7M |
| Interest on federal funds sold and other short-term investments | $17.4M | $12.6M | $11.1M | $2.5M |
| Total interest income | $644.9M | $517.9M | $490.1M | $373.7M |
| Deposits | $260.3M | $244.8M | $206.2M | $50.6M |
| Borrowings | $31.3M | $25.7M | $28.8M | $21.1M |
| Total interest expense | $291.6M | $270.6M | $235.0M | $71.6M |
| Net interest income | $353.3M | $247.3M | $255.1M | $302.1M |
| Provision for credit losses | $47.0M | $13.8M | $8.2M | $17.8M |
| Net interest income after provision for credit losses | $306.3M | $233.5M | $246.9M | $284.4M |
| Deposit, loan and other income | $11.7M | $6.9M | $6.1M | $7.5M |
| Defined benefit pension plan curtailment gain | $3.5M | — | — | — |
| Employee retention tax credit | $6.6M | — | — | — |
| Income on bank owned life insurance | $9.5M | $7.1M | $6.3M | $5.6M |
| Net gains on sale of loans held-for-sale | $2.0M | $2.7M | $1.7M | $1.7M |
| Net gains (losses) on equity securities | $1.7M | $2.0K | ($117.0K) | ($1.5M) |
| Total noninterest income | $35.1M | $16.7M | $14.0M | $13.2M |
| Salaries and employee benefits | $111.4M | $90.1M | $88.3M | $81.3M |
| Occupancy and equipment | $16.5M | $11.6M | $10.9M | $9.9M |
| FDIC insurance | $8.6M | $7.2M | $8.4M | $2.9M |
| Professional and consulting | $10.8M | $8.4M | $7.5M | $8.1M |
| Marketing and advertising | $3.2M | $2.4M | $2.0M | $1.7M |
| Information technology and communications | $20.0M | $17.6M | $14.3M | $11.1M |
| Restructuring and exit charges | $994.0K | — | — | — |
| Merger expenses | $34.5M | $1.6M | $0 | $0 |
| Branch closing expenses | $1.3M | $477.0K | — | — |
| Bank owned life insurance restructuring charge | $327.0K | — | — | — |
| Amortization of core deposit intangible | $7.9M | $1.2M | $1.4M | $1.7M |
| Other expenses | $13.0M | $11.2M | $11.2M | $8.9M |
| Total noninterest expenses | $228.6M | $151.8M | $143.9M | $126.4M |
| Income before income tax expense | $112.7M | $98.5M | $117.0M | $171.2M |
| Income tax expense (benefit) | $32.3M | $24.7M | $30.0M | $46.0M |
| Net income | $80.4M | $73.8M | $87.0M | $125.2M |
| Preferred dividends | $6.0M | $6.0M | $6.0M | $6.0M |
| Net income available to common stockholders | $74.4M | $67.8M | $81.0M | $119.2M |
| Basic (in dollars per share) | $1.64 | $1.77 | $2.08 | $3.03 |
| Diluted (in dollars per share) | $1.63 | $1.76 | $2.07 | $3.01 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Interest and fees on loans | $176.3M | $168.3M | $165.9M | $132.3M |
| Taxable | $11.0M | $10.8M | $12.0M | $7.4M |
| Tax-exempt | $1.9M | $2.0M | $2.0M | $1.4M |
| Dividends | $947.0K | $935.0K | $1.1M | $788.0K |
| Interest on federal funds sold and other short-term investments | $2.8M | $2.4M | $6.6M | $4.1M |
| Total interest income | $192.9M | $184.4M | $187.7M | $146.0M |
| Deposits | $69.6M | $65.7M | $75.2M | $60.2M |
| Borrowings | $9.7M | $9.9M | $10.5M | $6.9M |
| Total interest expense | $79.3M | $75.6M | $85.7M | $67.1M |
| Net interest income | $113.6M | $108.8M | $102.0M | $78.9M |
| Provision for credit losses | $8.3M | $5.2M | $5.5M | $35.7M |
| Net interest income after provision for credit losses | $105.3M | $103.6M | $96.5M | $43.2M |
| Deposit, loan and other income | $3.3M | $3.3M | $3.8M | $2.6M |
| Income on bank owned life insurance | $3.0M | $3.0M | $2.9M | $2.1M |
| Net gains on sale of loans held-for-sale | $1.6M | $427.0K | $859.0K | $181.0K |
| Net gains (losses) on equity securities | ($4.0K) | $135.0K | $1.7M | $347.0K |
| Total noninterest income | $7.9M | $6.8M | $19.4M | $5.2M |
| Salaries and employee benefits | $31.5M | $32.8M | $32.4M | $25.2M |
| Occupancy and equipment | $5.5M | $5.3M | $5.1M | $3.5M |
| FDIC insurance | $1.7M | $2.0M | $2.4M | $2.0M |
| Professional and consulting | $3.1M | $3.1M | $2.9M | $2.6M |
| Marketing and advertising | $1.2M | $926.0K | $771.0K | $840.0K |
| Information technology and communications | $5.4M | $5.2M | $5.2M | $4.8M |
| Merger expenses and restructuring charges | $108.0K | $2.1M | $1.9M | $30.7M |
| Bank owned life insurance restructuring charge | $0 | $0 | $0 | — |
| Amortization of core deposit intangibles | $2.8M | $2.8M | $3.2M | $1.3M |
| Other expenses | $4.0M | $3.5M | $3.7M | $2.7M |
| Total noninterest expenses | $55.4M | $57.9M | $58.7M | $73.6M |
| Income (loss) before income tax expense | $57.9M | $52.5M | $57.3M | ($25.3M) |
| Income tax expense (benefit) | $16.2M | $14.7M | $16.3M | ($5.0M) |
| Net income (loss) | $41.7M | $37.8M | $41.0M | ($20.3M) |
| Preferred dividends | $1.5M | $1.5M | $1.5M | $1.5M |
| Net income (loss) available to common stockholders | $40.2M | $36.3M | $39.5M | ($21.8M) |
| Basic (in dollars per share) | $0.80 | $0.72 | $0.79 | -$0.52 |
| Diluted (in dollars per share) | $0.80 | $0.72 | $0.78 | -$0.52 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and due from banks | $92.4M | $57.8M | $61.4M | $61.6M |
| Interest-bearing deposits with banks | $288.5M | $298.7M | $181.3M | $206.7M |
| Cash and cash equivalents | $380.9M | $356.5M | $242.7M | $268.3M |
| Investment securities | $1.3B | $612.8M | $617.2M | $634.9M |
| Equity securities | $19.3M | $20.1M | $18.6M | $15.8M |
| Loans held-for-sale | $391.0K | $743.0K | $0 | $13.8M |
| Loans receivable | $11.5B | $8.3B | $8.3B | $8.1B |
| Less: Allowance for credit losses - loans | $154.3M | $82.7M | $82.0M | $90.5M |
| Net loans receivable | $11.3B | $8.2B | $8.3B | $8.0B |
| Investment in restricted stock, at cost | $54.7M | $40.4M | $51.5M | $46.6M |
| Bank premises and equipment, net | $55.3M | $28.4M | $30.8M | $27.8M |
| Accrued interest receivable | $60.8M | $45.5M | $49.1M | $46.1M |
| Bank owned life insurance | $370.7M | $243.7M | $237.6M | $231.3M |
| Right of use operating lease assets | $29.6M | $14.5M | $12.0M | $10.2M |
| Goodwill | $220.2M | $208.4M | $208.4M | $208.4M |
| Core deposit intangibles | $59.9M | $4.6M | $5.9M | $7.3M |
| Other assets | $201.0M | $111.7M | $118.8M | $125.1M |
| Total assets | $14.0B | $9.9B | $9.9B | $9.6B |
| Noninterest-bearing | $2.4B | $1.4B | $1.3B | $1.5B |
| Interest-bearing | $8.8B | $6.4B | $6.3B | $5.9B |
| Total deposits | $11.2B | $7.8B | $7.5B | $7.4B |
| Borrowings | $903.5M | $688.1M | $933.6M | $857.6M |
| Subordinated debentures, net of debt issuance costs | $201.9M | $79.9M | $79.4M | $153.3M |
| Operating lease liabilities | $32.4M | $15.5M | $13.2M | $11.4M |
| Other Liabilities | $50.9M | $34.3M | $76.6M | $87.3M |
| Total liabilities | $12.4B | $8.6B | $8.6B | $8.5B |
| $1,000 per share liquidation preference; Authorized 5,000,000 shares; issued 115,000 shares as of December 31, 2025 and as of December 31, 2024; outstanding 115,000 shares as of December 31, 2025 and as of December 31, 2024 | $110927000.00 | $110927000.00 | $110927000.00 | $110927000.00 |
| Authorized 100,000,000 shares; issued 54,157,402 shares as of December 31, 2025 and 42,255,865 shares as of December 31, 2024; outstanding 50,271,854 shares as of December 31, 2025 and 38,370,317 as of December 31, 2024 | 857.8M | 586.9M | 586.9M | 586.9M |
| Additional paid-in capital | $38.8M | $36.3M | $33.2M | $30.1M |
| Retained earnings | $673.9M | $631.4M | $591.0M | $535.9M |
| Treasury stock, at cost: 3,885,548 common shares as of December 31, 2025 and December 31, 2024 | -76.1M | -76.1M | -70.3M | — |
| Accumulated other comprehensive loss | ($31.9M) | ($47.8M) | ($35.1M) | ($32.4M) |
| Total stockholders’ equity | $1.6B | $1.2B | $1.2B | $1.2B |
| Total liabilities and stockholders’ equity | $14.0B | $9.9B | $9.9B | $9.6B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and due from banks | $39.6M | $39.5M | $97.0M | $97.8M |
| Interest-bearing deposits with banks | $322.7M | $305.0M | $445.7M | $498.7M |
| Cash and cash equivalents | $362.3M | $344.5M | $542.7M | $596.5M |
| Investment securities | $1.2B | $1.2B | $1.3B | $1.2B |
| Equity securities | $19.8M | $19.4M | $20.1M | $19.7M |
| Loans held-for-sale | $0 | $10.2M | $0 | $1.0M |
| Loans receivable | $11.9B | $11.7B | $11.3B | $11.2B |
| Less: Allowance for credit losses - loans | $140.1M | $153.1M | $156.5M | $156.2M |
| Net loans receivable | $11.7B | $11.6B | $11.1B | $11.0B |
| Investment in restricted stock, at cost | $46.6M | $51.5M | $51.5M | $49.2M |
| Bank premises and equipment, net | $53.8M | $54.8M | $55.9M | $54.3M |
| Accrued interest receivable | $61.6M | $62.5M | $60.6M | $61.0M |
| Bank owned life insurance | $376.7M | $373.7M | $367.8M | $364.8M |
| Right of use operating lease assets | $30.3M | $28.0M | $29.3M | $31.3M |
| Goodwill | $220.2M | $220.2M | $215.6M | $215.6M |
| Core deposit intangibles | $54.2M | $57.1M | $63.1M | $66.3M |
| Other assets | $278.2M | $208.9M | $217.6M | $220.4M |
| Total assets | $14.4B | $14.2B | $14.0B | $13.9B |
| Noninterest-bearing | $2.5B | $2.4B | $2.5B | $2.4B |
| Interest-bearing | $9.2B | $9.1B | $8.9B | $8.9B |
| Total deposits | $11.7B | $11.5B | $11.4B | $11.3B |
| Borrowings | $715.4M | $827.5M | $833.4M | $783.9M |
| Subordinated debentures, net | $202.2M | $202.1M | $201.7M | $276.5M |
| Operating lease liabilities | $32.9M | $30.6M | $33.2M | $35.3M |
| Other liabilities | $94.4M | $44.9M | $47.6M | $45.1M |
| Total liabilities | $12.8B | $12.6B | $12.5B | $12.4B |
| Preferred Stock, no par value: 1,000 per share liquidation preference; Authorized 5,000,000 shares; issued 115,000 shares as of June 30, 2026 and as of December 31, 2025; outstanding 115,000 shares as of June 30, 2026 and as of December 31, 2025 | $110927000.00 | $110927000.00 | $110927000.00 | $110927000.00 |
| Common stock, no par value: Authorized 100,000,000 shares; issued 54,295,380 shares as of June 30, 2026 and 54,157,402 shares as of December 31, 2025; outstanding 50,319,832 shares as of June 30, 2026 and 50,271,854 as of December 31, 2025 | 857.8M | 857.8M | 857.8M | 857.8M |
| Additional paid-in capital | $39.7M | $38.3M | $37.9M | $36.7M |
| Retained earnings | $731.5M | $701.2M | $644.9M | $614.5M |
| Treasury stock, at cost: 3,975,548 shares as of June 30, 2026 and 3,885,548 shares as of December 31, 2025 | -78.5M | -78.5M | -76.1M | -76.1M |
| Accumulated other comprehensive loss | ($34.8M) | ($38.0M) | ($37.1M) | ($47.4M) |
| Total stockholders’ equity | $1.6B | $1.6B | $1.5B | $1.5B |
| Total liabilities and stockholders’ equity | $14.4B | $14.2B | $14.0B | $13.9B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $80.4M | $73.8M | $87.0M | $125.2M |
| Depreciation and amortization of premises and equipment | $6.1M | $4.4M | $4.5M | $3.9M |
| Provision for credit losses | $47.0M | $13.8M | $8.2M | $17.8M |
| Amortization of intangibles | $7.9M | $1.2M | $1.4M | $1.7M |
| Net accretion of loans | ($23.9M) | ($879.0K) | ($1.9M) | ($3.2M) |
| Accretion on bank premises | $0 | ($49.0K) | ($49.0K) | ($49.0K) |
| Amortization (accretion) on deposits | $1.2M | ($88.0K) | ($279.0K) | ($777.0K) |
| Amortization on borrowings | $22.0K | $22.0K | $21.0K | $40.0K |
| Net deferred income tax (benefit) expense | ($2.8M) | ($2.0M) | $4.1M | ($403.0K) |
| Loss on bank owned life insurance policy exchange | $327.0K | — | — | — |
| Stock-based compensation | $4.6M | $4.6M | $4.9M | $4.9M |
| (Gain) loss on equity securities, net | ($1.7M) | — | — | — |
| Gain on sale of loans held-for-sale, net | ($2.0M) | ($2.7M) | ($1.7M) | ($1.7M) |
| Loans originated for resale | ($30.3M) | ($29.3M) | ($26.2M) | ($21.1M) |
| Proceeds from sale of loans held-for-sale | $32.7M | $31.3M | $36.6M | $28.3M |
| Net loss on disposition of fixed assets | $1.3M | $477.0K | — | — |
| Net loss on sale of other real estate owned | $0 | $0 | $22.0K | $6.0K |
| Accretion of cash surrender value of bank owned life insurance | ($9.5M) | ($7.1M) | ($6.3M) | ($5.6M) |
| Accretion of discounts and amortization of premium on securities available-for-sale | ($746.0K) | $793.0K | $1.0M | $2.2M |
| Amortization of subordinated debt issuance costs | $645.0K | $505.0K | $1.2M | $304.0K |
| (Increase) decrease in accrued interest receivable | ($1.3M) | $3.6M | ($3.0M) | ($11.9M) |
| Net change in operating leases | ($1.0M) | ($155.0K) | ($54.0K) | ($182.0K) |
| (Increase) decrease in other assets | ($10.6M) | $8.7M | ($7.5M) | ($12.4M) |
| Increase (decrease) in other liabilities | $8.1M | ($40.1M) | ($9.2M) | $48.3M |
| Net cash provided by operating activities | $106.4M | $60.7M | $92.9M | $176.8M |
| Purchases | ($441.4M) | ($80.5M) | ($42.1M) | ($339.1M) |
| Sales | $277.5M | — | — | $0 |
| Maturities, calls and principal repayments | $161.8M | $69.7M | $64.5M | $150.3M |
| Purchases of equity securities | ($1.8M) | ($1.5M) | ($2.9M) | ($3.5M) |
| Proceeds from equity securities sold | $4.3M | — | — | — |
| Net redemptions (purchases) of restricted investment in bank stocks | $10.0M | $11.0M | ($4.9M) | ($18.8M) |
| Loans held-for-sale payments | $0 | $0 | $25.0K | $54.0K |
| Net (increase) decrease in loans | ($246.2M) | $57.9M | ($255.6M) | ($1.3B) |
| Proceeds from sale of other real estate owned | $0 | $0 | $242.0K | $309.0K |
| Proceeds from bank owned life insurance | $278.0K | $1.1M | — | $0 |
| Purchases of premises and equipment | ($5.4M) | ($3.8M) | ($7.4M) | ($3.3M) |
| Proceeds from disposition of fixed assets | $0 | $1.3M | $0 | $697.0K |
| Cash acquired, net of cash consideration paid in acquisition | $54.9M | — | — | — |
| Net cash (used in) provided by investing activities | ($186.2M) | $55.2M | ($248.0M) | ($1.5B) |
| Net increase in deposits | $168.1M | $284.0M | $179.9M | $1.0B |
| Proceeds from issuance of subordinated debt | $200.0M | — | — | — |
| Redemption of subordinated debt | ($75.0M) | $0 | ($75.0M) | — |
| Payment of subordinated debt issuance costs | ($3.7M) | — | — | — |
| Proceeds from FHLB borrowings | $966.0M | $866.5M | $2.9B | $4.2B |
| Repayment of FHLB borrowings | ($1.1B) | ($1.1B) | ($2.9B) | ($3.8B) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | $79.5M | $37.8M | $40.9M | ($51.0K) |
| Depreciation and amortization of premises and equipment | $3.6M | $1.8M | $4.3M | $2.4M |
| Provision for credit losses | $13.5M | $5.2M | $44.7M | $39.2M |
| Amortization of intangibles | $5.7M | $2.8M | $4.7M | $1.5M |
| Net accretion of loans | ($19.5M) | ($9.7M) | ($14.0M) | ($3.7M) |
| Accretion on bank premises | $0 | $0 | $0 | ($24.0K) |
| Amortization on deposits | $288.0K | $188.0K | $880.0K | $233.0K |
| Amortization on borrowings, net | $12.0K | $5.0K | $17.0K | $11.0K |
| Loss on bank owned life insurance policy exchange | $0 | $0 | $327.0K | $327.0K |
| Stock-based compensation expense | $2.9M | $1.4M | $3.8M | $2.5M |
| Gain on equity securities, net | ($131.0K) | ($135.0K) | ($2.5M) | ($876.0K) |
| Gain on sale of loans held-for-sale, net | ($2.0M) | ($427.0K) | ($1.4M) | ($513.0K) |
| Loans originated for resale | ($30.8M) | ($16.9M) | ($21.4M) | ($10.8M) |
| Proceeds from sale of loans held-for-sale | $33.2M | $7.5M | $23.5M | $11.0M |
| Increase in cash surrender value of bank owned life insurance | ($6.0M) | ($3.0M) | ($6.6M) | ($3.7M) |
| Accretion of discounts and amortization of premium on available-for-sale securities | ($924.0K) | ($224.0K) | ($481.0K) | ($56.0K) |
| Amortization of subordinated debentures issuance costs | $372.0K | $186.0K | $459.0K | $282.0K |
| Increase in accrued interest receivable | ($800.0K) | ($1.7M) | ($1.2M) | ($1.7M) |
| Net change in operating leases | ($254.0K) | ($243.0K) | $910.0K | $1.1M |
| Increase in other assets | ($22.2M) | ($3.5M) | ($21.0M) | ($15.9M) |
| (Decrease) Increase in other liabilities | ($6.6M) | ($5.9M) | $2.6M | $160.0K |
| Net cash provided by operating activities | $49.8M | $15.3M | $58.7M | $21.3M |
| Purchases | ($101.6M) | ($45.3M) | ($391.7M) | ($330.3M) |
| Sales | $0 | — | $277.5M | $277.5M |
| Maturities, calls and principal repayments | $166.2M | $89.6M | $103.0M | $48.3M |
| Purchase of equity securities | ($375.0K) | $0 | ($1.8M) | ($1.1M) |
| Proceeds from equity securities sold | $0 | $0 | $4.3M | $2.4M |
| Net redemptions of restricted investment in bank stocks | $8.1M | $3.3M | $13.2M | $15.5M |
| Net (increase) decrease in loans | ($423.9M) | ($279.3M) | ($102.0M) | $32.0M |
| Proceeds from bank owned life insurance | $0 | $0 | $278.0K | $278.0K |
| Purchases of premises and equipment | ($2.1M) | ($1.3M) | ($3.8M) | ($331.0K) |
| Cash acquired, net of cash consideration paid in acquisition | $0 | — | $54.9M | $54.9M |
| Net cash (used in) provided by investing activities | ($353.6M) | ($233.1M) | ($46.2M) | $99.0M |
| Net increase in deposits | $499.5M | $272.3M | $297.2M | $207.0M |
| Proceeds from issuance of subordinated debt | $0 | — | $200.0M | $200.0M |
| Payment of subordinated debt issuance costs | $0 | — | ($75.0M) | ($3.7M) |
| Proceeds from FHLB borrowings | $1.3B | $698.0M | $790.0M | $740.0M |
| Repayment of FHLB borrowings | ($1.5B) | ($774.0M) | ($1.0B) | ($1.0B) |
| Cash dividends on preferred stock | ($3.0M) | ($1.5M) | ($4.5M) | ($3.0M) |
| Cash dividends paid on common stock | ($18.9M) | ($9.1M) | ($22.9M) | ($13.8M) |
| Repurchase of treasury stock | ($2.4M) | ($2.4M) | $0 | $0 |
| Share redemption for tax withholdings on performance units, deferred stock units earned and restricted stock units | ($1.9M) | ($1.9M) | ($2.2M) | ($2.1M) |
| Net cash provided by financing activities | $285.2M | $181.3M | $173.7M | $119.6M |
| Net change in cash and cash equivalents | ($18.6M) | ($36.4M) | $186.2M | $240.0M |
| Cash and cash equivalents at beginning of period | $380.9M | $380.9M | $356.5M | $356.5M |
ConnectOne Bancorp, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.