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ConnectOne Bancorp (CNOB)
NASDAQ:CNOB
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.24Last Year’s EPS
0.46Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 5.46%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
ConnectOne Bancorp, Inc. presented a strong financial performance with notable increases in net income, net interest margin, and tangible book value. The merger with First of Long Island is progressing well, and the company maintains a robust loan pipeline. However, challenges include a slight contraction in the loan portfolio and increased delinquencies. Despite these challenges, the overall outlook remains positive.Company Guidance
During the ConnectOne Bancorp, Inc. conference call for the first quarter of 2025, the company highlighted several key financial metrics and strategic developments. The quarter saw a nearly 20% year-over-year increase in net income available to common shareholders, with net interest margin expanding to 2.93%, and a projected core net interest margin of 3% for the second quarter. Tangible book value per share increased by about 4% since the planned merger with First of Long Island was announced, and the tangible common equity ratio stood at 9.73%. The loan-to-deposit ratio was below 106%, and the bank leverage ratio was 11.67%. The company maintained robust credit quality, with nonaccrual loans declining by 13% this quarter. The merger with First of Long Island is on track for a second-quarter close, with expected synergies and a combined asset base of nearly $15 billion. ConnectOne Bancorp, Inc. also projected loan growth of at least 2.5% for the second quarter, despite a slight contraction in the loan portfolio due to elevated payoff activity.Increase in Net Income
ConnectOne Bancorp, Inc. reported a nearly 20% year-over-year increase in net income available to common shareholders.
Net Interest Margin Expansion
The net interest margin expanded to 2.93%, with expectations to reach 3% in the second quarter.
Tangible Book Value Growth
Tangible book value per share increased by about 4% since the announcement of the merger with First of Long Island.
Stable Credit Quality
Credit quality trends remained stable, with nonaccrual loans declining by 13% this quarter.
Healthy Loan Pipeline
Despite a slight contraction in the loan portfolio, the loan pipeline remains robust, pointing to a loan growth of at least 2.5% for the second quarter.
Successful Merger Progress
The merger with First of Long Island is on track to close in the second quarter, with strong early synergies emerging.
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CNOB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNOB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | $22.35 | $22.80 | +2.01% |
| Jan 30, 2025 | $23.67 | $24.90 | +5.20% |
| Oct 24, 2024 | $25.11 | $24.30 | -3.23% |
| Jul 25, 2024 | $22.74 | $23.85 | +4.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ConnectOne Bancorp (CNOB) report earnings?
ConnectOne Bancorp (CNOB) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is ConnectOne Bancorp (CNOB) earnings time?
ConnectOne Bancorp (CNOB) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNOB EPS forecast?
CNOB EPS forecast for the fiscal quarter 2025 (Q2) is -0.24.
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