ConnectOne Bancorp (CNOB)
Market Price (10/22/2026): $30.89 | Market Cap: $1.6 BilSector: Financials | Industry: Regional Banks
ConnectOne Bancorp (CNOB)
Market Price (10/22/2026): $30.89Market Cap: $1.6 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3%, FCF Yield is 8.2% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 60% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28% Low stock price volatilityVol 12M is 25% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending. | Weak multi-year price returns2Y Excs Rtn is -8.1% | Key risksCNOB key risks include [1] a significant concentration in New York and New Jersey commercial real estate loans and [2] integration challenges and heightened regulatory scrutiny resulting from its merger with FLIC. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3%, FCF Yield is 8.2% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 60% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending. |
| Weak multi-year price returns2Y Excs Rtn is -8.1% |
| Key risksCNOB key risks include [1] a significant concentration in New York and New Jersey commercial real estate loans and [2] integration challenges and heightened regulatory scrutiny resulting from its merger with FLIC. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 10/1/2026
ConnectOne Bancorp (CNOB) stock has lost about 5% since 6/30/2026 because of the following key factors:
1. Despite outperforming consensus estimates for its fiscal Q2 2026 earnings, ConnectOne Bancorp's stock experienced a notable decline, with some analyses attributing this to emerging "credit concerns." CNOB reported diluted earnings per share of $0.80 for fiscal Q2 2026, with an adjusted EPS of $0.84, exceeding the consensus estimate of $0.82 by $0.02. Quarterly revenue also surpassed analyst expectations, reaching $122.77 million against an estimated $121.55 million. However, following the earnings release on July 23, 2026, the stock fell 4.8%, influenced by these credit concerns.
2. The broader regional banking sector faced a challenging macroeconomic environment, characterized by an increase in bank failures and ongoing pressures from rising interest rates and commercial real estate (CRE) refinancing, which likely contributed to negative investor sentiment. Six regional U.S. banks failed in 2026, marking the highest count in a decade, with Nano Banc being the most recent on September 25, 2026. While the combined assets of these failed banks were relatively small at approximately $1.4 billion, these events highlighted persistent macroeconomic conditions impacting smaller banks, including rising interest rates and a looming CRE refinancing wall.
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ConnectOne Bancorp (CNOB) stock has lost about 5% since 6/30/2026 because of the following key factors:
1. Despite outperforming consensus estimates for its fiscal Q2 2026 earnings, ConnectOne Bancorp's stock experienced a notable decline, with some analyses attributing this to emerging "credit concerns." CNOB reported diluted earnings per share of $0.80 for fiscal Q2 2026, with an adjusted EPS of $0.84, exceeding the consensus estimate of $0.82 by $0.02. Quarterly revenue also surpassed analyst expectations, reaching $122.77 million against an estimated $121.55 million. However, following the earnings release on July 23, 2026, the stock fell 4.8%, influenced by these credit concerns.
2. The broader regional banking sector faced a challenging macroeconomic environment, characterized by an increase in bank failures and ongoing pressures from rising interest rates and commercial real estate (CRE) refinancing, which likely contributed to negative investor sentiment. Six regional U.S. banks failed in 2026, marking the highest count in a decade, with Nano Banc being the most recent on September 25, 2026. While the combined assets of these failed banks were relatively small at approximately $1.4 billion, these events highlighted persistent macroeconomic conditions impacting smaller banks, including rising interest rates and a looming CRE refinancing wall.
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Updated on 10/1/2026
ConnectOne Bancorp (CNOB) stock has lost about 5% since 6/30/2026 because of the following key factors:
1. Despite outperforming consensus estimates for its fiscal Q2 2026 earnings, ConnectOne Bancorp's stock experienced a notable decline, with some analyses attributing this to emerging "credit concerns." CNOB reported diluted earnings per share of $0.80 for fiscal Q2 2026, with an adjusted EPS of $0.84, exceeding the consensus estimate of $0.82 by $0.02. Quarterly revenue also surpassed analyst expectations, reaching $122.77 million against an estimated $121.55 million. However, following the earnings release on July 23, 2026, the stock fell 4.8%, influenced by these credit concerns.
2. The broader regional banking sector faced a challenging macroeconomic environment, characterized by an increase in bank failures and ongoing pressures from rising interest rates and commercial real estate (CRE) refinancing, which likely contributed to negative investor sentiment. Six regional U.S. banks failed in 2026, marking the highest count in a decade, with Nano Banc being the most recent on September 25, 2026. While the combined assets of these failed banks were relatively small at approximately $1.4 billion, these events highlighted persistent macroeconomic conditions impacting smaller banks, including rising interest rates and a looming CRE refinancing wall.
3. Persistent investor anxiety regarding ConnectOne Bancorp's commercial real estate (CRE) credit quality appears to be a fundamental factor driving the stock's underperformance. Analyst commentary indicated that the "bullish ConnectOne Bancorp narrative hinges on commercial real estate credit quality." The post-fiscal Q2 2026 stock decline was directly linked to these specific credit concerns. Despite ConnectOne Bancorp reporting improvements in asset quality in its fiscal Q1 2026 report, with criticized and classified loans as a percentage of loans receivable decreasing to 2.26% from 2.49% in fiscal Q4 2025, the market's focus on potential risks within the CRE portfolio continued to weigh on the stock.
Show less
ConnectOne Bancorp (CNOB) stock has lost about 5% since 6/30/2026 because of the following key factors:
1. Despite outperforming consensus estimates for its fiscal Q2 2026 earnings, ConnectOne Bancorp's stock experienced a notable decline, with some analyses attributing this to emerging "credit concerns." CNOB reported diluted earnings per share of $0.80 for fiscal Q2 2026, with an adjusted EPS of $0.84, exceeding the consensus estimate of $0.82 by $0.02. Quarterly revenue also surpassed analyst expectations, reaching $122.77 million against an estimated $121.55 million. However, following the earnings release on July 23, 2026, the stock fell 4.8%, influenced by these credit concerns.
2. The broader regional banking sector faced a challenging macroeconomic environment, characterized by an increase in bank failures and ongoing pressures from rising interest rates and commercial real estate (CRE) refinancing, which likely contributed to negative investor sentiment. Six regional U.S. banks failed in 2026, marking the highest count in a decade, with Nano Banc being the most recent on September 25, 2026. While the combined assets of these failed banks were relatively small at approximately $1.4 billion, these events highlighted persistent macroeconomic conditions impacting smaller banks, including rising interest rates and a looming CRE refinancing wall.
3. Persistent investor anxiety regarding ConnectOne Bancorp's commercial real estate (CRE) credit quality appears to be a fundamental factor driving the stock's underperformance. Analyst commentary indicated that the "bullish ConnectOne Bancorp narrative hinges on commercial real estate credit quality." The post-fiscal Q2 2026 stock decline was directly linked to these specific credit concerns. Despite ConnectOne Bancorp reporting improvements in asset quality in its fiscal Q1 2026 report, with criticized and classified loans as a percentage of loans receivable decreasing to 2.26% from 2.49% in fiscal Q4 2025, the market's focus on potential risks within the CRE portfolio continued to weigh on the stock.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -7.1% change in CNOB stock from 6/30/2026 to 10/21/2026 was primarily driven by a -43.0% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.24 | 30.88 | -7.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 424 | 461 | 8.9% |
| Net Income Margin (%) | 23.1% | 34.7% | 49.9% |
| P/E Multiple | 17.0 | 9.7 | -43.0% |
| Shares Outstanding (Mil) | 50 | 50 | -0.1% |
| Cumulative Contribution | -7.1% |
Market Drivers
6/30/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| CNOB | -7.1% | |
| Market (SPY) | 3.5% | 39.1% |
| Sector (XLF) | 4.5% | 49.8% |
Fundamental Drivers
The 16.8% change in CNOB stock from 3/31/2026 to 10/21/2026 was primarily driven by a 63.1% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 26.44 | 30.88 | 16.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 378 | 461 | 21.9% |
| Net Income Margin (%) | 21.3% | 34.7% | 63.1% |
| P/E Multiple | 16.5 | 9.7 | -41.3% |
| Shares Outstanding (Mil) | 50 | 50 | 0.0% |
| Cumulative Contribution | 16.8% |
Market Drivers
3/31/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| CNOB | 16.8% | |
| Market (SPY) | 19.2% | 33.4% |
| Sector (XLF) | 13.9% | 51.5% |
Fundamental Drivers
The 27.8% change in CNOB stock from 9/30/2025 to 10/21/2026 was primarily driven by a 166.9% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.16 | 30.88 | 27.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 288 | 461 | 59.9% |
| Net Income Margin (%) | 13.0% | 34.7% | 166.9% |
| P/E Multiple | 27.1 | 9.7 | -64.2% |
| Shares Outstanding (Mil) | 42 | 50 | -16.3% |
| Cumulative Contribution | 27.8% |
Market Drivers
9/30/2025 to 10/21/2026| Return | Correlation | |
|---|---|---|
| CNOB | 27.8% | |
| Market (SPY) | 17.0% | 37.0% |
| Sector (XLF) | 5.3% | 56.5% |
Fundamental Drivers
The 89.6% change in CNOB stock from 9/30/2023 to 10/21/2026 was primarily driven by a 64.5% change in the company's P/E Multiple.| (LTM values as of) | 9302023 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.29 | 30.88 | 89.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 300 | 461 | 53.6% |
| Net Income Margin (%) | 35.9% | 34.7% | -3.4% |
| P/E Multiple | 5.9 | 9.7 | 64.5% |
| Shares Outstanding (Mil) | 39 | 50 | -22.4% |
| Cumulative Contribution | 89.6% |
Market Drivers
9/30/2023 to 10/21/2026| Return | Correlation | |
|---|---|---|
| CNOB | 89.6% | |
| Market (SPY) | 87.1% | 45.3% |
| Sector (XLF) | 76.4% | 62.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CNOB Return | 68% | -24% | -2% | 3% | 18% | 20% | 84% |
| Peers Return | 36% | -5% | -8% | 7% | 8% | 25% | 70% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| CNOB Win Rate | 83% | 33% | 42% | 50% | 58% | 70% | |
| Peers Win Rate | 68% | 47% | 47% | 47% | 52% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CNOB Max Drawdown | -14% | -38% | -47% | -27% | -23% | -12% | |
| Peers Max Drawdown | -19% | -28% | -44% | -26% | -24% | -15% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PFS, OCFC, VLY, WSFS, PGC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/21/2026 (YTD)
How Low Can It Go
| Event | CNOB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.8% | -18.8% |
| % Gain to Breakeven | 26.3% | 23.1% |
| Time to Breakeven | 160 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -15.4% | -9.5% |
| % Gain to Breakeven | 18.2% | 10.5% |
| Time to Breakeven | 7 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -43.0% | -6.7% |
| % Gain to Breakeven | 75.3% | 7.1% |
| Time to Breakeven | 212 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -30.3% | -24.5% |
| % Gain to Breakeven | 43.5% | 32.4% |
| Time to Breakeven | 1291 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -59.2% | -33.7% |
| % Gain to Breakeven | 144.9% | 50.9% |
| Time to Breakeven | 323 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.3% | -19.2% |
| % Gain to Breakeven | 35.7% | 23.8% |
| Time to Breakeven | 304 days | 105 days |
In The Past
ConnectOne Bancorp's stock fell -20.8% during the 2025 US Tariff Shock. Such a loss loss requires a 26.3% gain to breakeven.
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Asset Allocation
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| Event | CNOB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.8% | -18.8% |
| % Gain to Breakeven | 26.3% | 23.1% |
| Time to Breakeven | 160 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -43.0% | -6.7% |
| % Gain to Breakeven | 75.3% | 7.1% |
| Time to Breakeven | 212 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -30.3% | -24.5% |
| % Gain to Breakeven | 43.5% | 32.4% |
| Time to Breakeven | 1291 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -59.2% | -33.7% |
| % Gain to Breakeven | 144.9% | 50.9% |
| Time to Breakeven | 323 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -26.3% | -19.2% |
| % Gain to Breakeven | 35.7% | 23.8% |
| Time to Breakeven | 304 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -25.1% | -12.2% |
| % Gain to Breakeven | 33.6% | 13.9% |
| Time to Breakeven | 261 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -21.0% | -17.9% |
| % Gain to Breakeven | 26.6% | 21.8% |
| Time to Breakeven | 217 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -20.1% | -15.4% |
| % Gain to Breakeven | 25.1% | 18.2% |
| Time to Breakeven | 220 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -40.3% | -53.4% |
| % Gain to Breakeven | 67.5% | 114.4% |
| Time to Breakeven | 814 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -28.4% | -8.6% |
| % Gain to Breakeven | 39.7% | 9.5% |
| Time to Breakeven | 2126 days | 47 days |
In The Past
ConnectOne Bancorp's stock fell -20.8% during the 2025 US Tariff Shock. Such a loss loss requires a 26.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About ConnectOne Bancorp (CNOB)
ConnectOne Bancorp (CNOB) is a bank holding company operating primarily through its subsidiary, ConnectOne Bank. The company focuses on providing a full suite of commercial banking products and services, catering specifically to the needs of small and mid-sized businesses, local professionals, and individual clients. Its primary operational footprint covers Northern New Jersey, the New York Metropolitan area, and the South Florida market.
ConnectOne Bank offers a variety of financial products and services, including personal and business checking, retirement, money market, and savings accounts. Lending services encompass consumer and commercial business loans (both secured and unsecured), revolving lines of credit, commercial mortgage loans, residential mortgages, home equity loans, bridge loans, and commercial construction and real estate loans. Additionally, the bank provides essential banking conveniences such as check cards, ATM cards, credit cards, wire transfers, internet banking, mobile banking, treasury direct services, and remote deposit capture. The company operates an extensive network of banking offices across its target regions in New Jersey, New York, and South Florida.
AI Analysis | Feedback
Here are 1-3 brief analogies for ConnectOne Bancorp (CNOB):
- It's like a regional version of PNC Bank or KeyBank, serving individuals and small-to-midsize businesses in the New York Metro area, New Jersey, and South Florida.
- Think of it as a full-service community bank for New Jersey, the New York Metro area, and South Florida, akin to an independent, regionally focused version of your local TD Bank or Chase.
AI Analysis | Feedback
- Deposit Accounts: The company offers personal and business checking, retirement, money market, time, and savings accounts.
- Commercial Lending: Provides commercial business loans, revolving lines of credit, commercial mortgage loans, and commercial construction and real estate loans.
- Residential Mortgage Lending: Offers residential mortgages for primary and secondary residences, home equity loans, and bridge loans.
- Consumer Loans: Provides various personal purpose loans for individuals.
- Payment Cards: Issues check cards, ATM cards, and credit cards.
- Digital Banking: Offers internet banking and mobile banking services for convenient account management.
- Treasury Management Services: Provides treasury direct, automated clearing house origination, wire transfers, and remote deposit capture services.
- Ancillary Banking Services: Includes access to automated teller services and safe deposit boxes.
AI Analysis | Feedback
ConnectOne Bancorp (CNOB) primarily serves a diverse set of customers rather than a few major named companies. Based on the company description, it serves the following categories of customers:
- Small and mid-sized businesses
- Local professionals
- Individuals
AI Analysis | Feedback
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AI Analysis | Feedback
Here is the management team for ConnectOne Bancorp (CNOB):
Frank Sorrentino III, Chairman and Chief Executive Officer
Mr. Sorrentino is a founding organizer of ConnectOne Bank, which began as North Jersey Community Bank in 2005. He has served as Chairman since the bank's founding and as CEO since 2007. Prior to his banking career, he was president of FSS Construction, Inc., a family-owned third-generation construction business in Bergen County, NJ. He led the company's rebranding to ConnectOne Bank in 2013 and oversaw its merger with Union Center National Bank in 2014.
William S. Burns, Senior Executive Vice President and Chief Financial Officer
Mr. Burns has served as the Chief Financial Officer for ConnectOne Bank since 2012 and for ConnectOne Bancorp, Inc. since 2012. His extensive career in the financial services industry spans over 30 years. Prior to joining ConnectOne, he was the Chief Financial Officer, Treasurer, and Executive Vice President of Somerset Hills Bancorp from 2009 to 2012. He also held the position of Executive Vice President and CFO of The Trust Company of New Jersey, which was acquired by North Fork Bank in 2004. From 2005 to 2009, Mr. Burns was the CFO of TenRock Capital Fund, LP, a commercial mortgage lender. His earlier experience includes senior positions at Irving Trust Company, The Dime Savings Bank of New York, Summit Bank, and The Bank of New York.
Elizabeth Magennis, President, ConnectOne Bank
Ms. Magennis serves as the President of ConnectOne Bank and is a Director of ConnectOne Bancorp, Inc. She joined ConnectOne Bank in 2006 and brings over 30 years of experience in the banking industry. She previously held the role of Executive Vice President and Chief Lending Officer. Under her leadership, the bank has experienced significant organic growth and expanded into new markets.
Siya Vansia, Senior Vice President and Chief Brand and Innovation Officer
Ms. Vansia has been with ConnectOne for over a decade. She is responsible for the company's marketing, branding, and public image, and guides its digital transformation and advancements in products and services. She played a key role in the rebrand of the company from North Jersey Community Bank to ConnectOne Bank in 2013 and led the marketing efforts for the merger with Union Center National Bank in 2014. Prior to her current role, she served as Vice President, Marketing, and as Executive Assistant to the CEO.
Michael O'Malley, Executive Vice President and Chief Risk Officer
Mr. O'Malley joined ConnectOne in 2020. He previously served as Director of Enterprise Risk and Strategic Initiatives and Head of Operational Risk at OnDeck Capital, Inc. He possesses extensive risk management experience gained at various global financial institutions, including those in Fintech lending, global banking organizations, commercial banks, investment banks, broker-dealers, and wealth managers.
Mr. Sorrentino is a founding organizer of ConnectOne Bank, which began as North Jersey Community Bank in 2005. He has served as Chairman since the bank's founding and as CEO since 2007. Prior to his banking career, he was president of FSS Construction, Inc., a family-owned third-generation construction business in Bergen County, NJ. He led the company's rebranding to ConnectOne Bank in 2013 and oversaw its merger with Union Center National Bank in 2014.
William S. Burns, Senior Executive Vice President and Chief Financial Officer
Mr. Burns has served as the Chief Financial Officer for ConnectOne Bank since 2012 and for ConnectOne Bancorp, Inc. since 2012. His extensive career in the financial services industry spans over 30 years. Prior to joining ConnectOne, he was the Chief Financial Officer, Treasurer, and Executive Vice President of Somerset Hills Bancorp from 2009 to 2012. He also held the position of Executive Vice President and CFO of The Trust Company of New Jersey, which was acquired by North Fork Bank in 2004. From 2005 to 2009, Mr. Burns was the CFO of TenRock Capital Fund, LP, a commercial mortgage lender. His earlier experience includes senior positions at Irving Trust Company, The Dime Savings Bank of New York, Summit Bank, and The Bank of New York.
Elizabeth Magennis, President, ConnectOne Bank
Ms. Magennis serves as the President of ConnectOne Bank and is a Director of ConnectOne Bancorp, Inc. She joined ConnectOne Bank in 2006 and brings over 30 years of experience in the banking industry. She previously held the role of Executive Vice President and Chief Lending Officer. Under her leadership, the bank has experienced significant organic growth and expanded into new markets.
Siya Vansia, Senior Vice President and Chief Brand and Innovation Officer
Ms. Vansia has been with ConnectOne for over a decade. She is responsible for the company's marketing, branding, and public image, and guides its digital transformation and advancements in products and services. She played a key role in the rebrand of the company from North Jersey Community Bank to ConnectOne Bank in 2013 and led the marketing efforts for the merger with Union Center National Bank in 2014. Prior to her current role, she served as Vice President, Marketing, and as Executive Assistant to the CEO.
Michael O'Malley, Executive Vice President and Chief Risk Officer
Mr. O'Malley joined ConnectOne in 2020. He previously served as Director of Enterprise Risk and Strategic Initiatives and Head of Operational Risk at OnDeck Capital, Inc. He possesses extensive risk management experience gained at various global financial institutions, including those in Fintech lending, global banking organizations, commercial banks, investment banks, broker-dealers, and wealth managers.
AI Analysis | Feedback
The key risks to ConnectOne Bancorp (CNOB) are primarily associated with its significant exposure to commercial real estate, sensitivity to interest rate fluctuations, and inherent cybersecurity threats.
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Concentration in Commercial Real Estate (CRE) Loans
ConnectOne Bancorp has a substantial portion of its loan portfolio concentrated in commercial real estate, which is highlighted as a significant vulnerability and a constant source of regulatory attention. As of December 31, 2025, commercial real estate loans represented 70.3% of total loans and 434% of Tier 1 capital plus allowance, exceeding the informal supervisory guidance of 300-400% for general CRE concentration. This high concentration exposes the bank to increased credit risk, particularly with potential softness in regional property markets, shifts in office demand, and specific regulations like New York multifamily rent controls. Should the commercial real estate market experience a downturn or if borrowers face challenges, the bank's asset quality and financial performance could be significantly impacted. *Interest Rate Risk and Economic/Regulatory Uncertainties
The company is highly susceptible to interest rate risk, where fluctuations in rates can negatively affect its net interest margin, deposit costs, and the ability of borrowers to repay loans. Approximately $2.4 billion of ConnectOne Bancorp's loans, largely originated in a low-rate environment, are set to reprice in 2026–2027, potentially stressing some borrowers as rates reset higher. Furthermore, broader economic fluctuations and evolving regulatory developments, including heightened regulatory expectations on CRE risk management, new capital rules, and FDIC special assessments, pose threats to the bank's financial stability and could increase compliance costs. *Cybersecurity Risks
As ConnectOne Bancorp increasingly integrates digital banking and fintech solutions into its operations, cybersecurity risks escalate. A significant breach could lead to financial losses, undermine customer trust, and severely damage the bank's reputation. The company's reliance on digital tools, including mobile banking and remote deposit capture services, makes robust cybersecurity measures and incident response plans critical to mitigating these growing threats.AI Analysis | Feedback
The clearest emerging threats to ConnectOne Bancorp (CNOB) are:
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Digital-only banks (Neobanks): These financial technology companies operate entirely online or through mobile apps, often providing lower fees, competitive interest rates on deposits, and a more streamlined digital experience. They directly challenge ConnectOne Bancorp by attracting individual and small business customers who prioritize convenience and digital access over traditional branch banking, potentially eroding CNOB's deposit base and basic service offerings.
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Online lenders: Platforms specializing in various loan products (e.g., personal loans, small business loans, mortgages) leverage advanced technology to offer faster application and approval processes, often with competitive rates and a fully digital experience. This directly threatens ConnectOne Bancorp's lending business by providing an alternative for customers, particularly small and mid-sized businesses and individuals, who may seek quicker access to capital without needing a traditional bank relationship.
AI Analysis | Feedback
ConnectOne Bancorp, Inc. (CNOB) operates in the Northern New Jersey, New York Metropolitan area, and South Florida markets, offering a range of commercial and personal banking products and services. The addressable markets for their main offerings can be sized as follows:
Commercial Banking Products and Services
- New Jersey: The commercial banking industry in New Jersey is projected to have a market size of approximately $50.6 billion in 2026. In 2023, new lending to small businesses (with revenues of $1 million or less) in New Jersey totaled $7.9 billion, with $3.8 billion of that allocated to loans of $100,000 or less. Over a quarter of small and mid-sized businesses in the U.S. are likely to seek new financing within the next 6-12 months, indicating ongoing demand.
- New York Metropolitan Area: The commercial banking industry in New York is expected to reach a market size of approximately $259.1 billion in 2026. Commercial and industrial loans by New York state banks increased by 4.2% in 2023.
- South Florida Market: The commercial banking industry in Florida is estimated to be $65.5 billion in 2026. One commercial real estate firm alone originated approximately $4 billion in commercial property loans throughout Florida in 2024. Florida's market is noted as one of the fastest-growing in the U.S. due to population inflows, which fuels small-business formation and residential construction, contributing to commercial lending demand. The small and medium enterprises (SMEs) segment in the commercial lending market globally is anticipated to grow at a CAGR of 15.3% through 2028.
Personal Banking Products and Services (Deposits)
The total deposits within their operating regions provide an indication of the addressable market for personal checking, savings, money market, and other deposit accounts:
- New Jersey: The total deposits in all banks in New Jersey amounted to $155.55 billion as of March 31, 2025.
- New York Metropolitan Area: Total deposits in New York-based financial institutions exceeded $3.4 trillion in 2023. More specifically, the New York-Newark-Jersey City, NY-NJ-PA, metropolitan statistical area had total deposits of $620.9 billion as of June 30, 2013. Total deposits in New York across all banks listed was $2.07 trillion as of June 30, 2025.
- South Florida Market (Florida): The total deposits in all banks in Florida were $271.30 billion as of March 31, 2025.
AI Analysis | Feedback
ConnectOne Bancorp (CNOB) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:
- Loan Growth: The company expects an acceleration in loan growth, with projections for average loans to increase by more than 2% quarter-over-quarter in late 2025 and potentially exceeding 5% in 2026. Management has set a target of 3-5% loan growth for 2026, supported by a robust loan pipeline.
- Net Interest Margin (NIM) Expansion: ConnectOne Bancorp anticipates continued expansion of its net interest margin, driven by its enhanced deposit base, reduced reliance on high-cost funding, and expected Federal Reserve rate cuts. The company projects its net interest margin to increase to the low 330s in Q1, with a potential to reach 335-340 basis points by the end of 2026.
- Acquisition Synergies and Market Expansion: The successful integration of its 2025 acquisition of First of Long Island (FLIC) is a significant driver. This merger expanded ConnectOne's asset base to $14 billion and enhanced its market presence, particularly in the New York Metropolitan area. The rapid and seamless integration of the acquisition is expected to lead to improved margins, a stronger liquidity position, and overall enhanced growth and profitability.
- Growth in Noninterest Income: ConnectOne Bancorp foresees growth in noninterest income, specifically from areas such as gains on sales. The company is actively building out its Small Business Administration (SBA) lending, BoeFly fintech platform, and residential mortgage operations, with SBA expected to contribute significantly to noninterest income in 2026.
- Operational Efficiencies: The company is focused on improving operational efficiencies, which is expected to drive higher future earnings and performance returns. This includes plans to consolidate five branch locations by the end of the first quarter, aiming to streamline operations and realize cost savings.
AI Analysis | Feedback
Share Repurchases
- ConnectOne Bancorp's Board of Directors authorized a stock repurchase program for up to 1,200,000 shares on March 11, 2019.
- Management indicated in early 2026 that once the tangible common equity ratio returns to 9% (from 8.6%), the company anticipates dividend increases, buybacks, or mergers and acquisitions.
- The company expects to have flexibility for opportunistic stock repurchases as capital generation accelerates in 2026.
Share Issuance
- On August 19, 2021, ConnectOne Bancorp completed a public offering of 115,000 shares of its 5.25% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, with net proceeds of $110.9 million.
- In connection with its acquisition of The First of Long Island Corporation (FLIC) on June 1, 2025, the company issued 11,790,116 shares valued at $270.8 million.
Outbound Investments
- ConnectOne Bancorp completed the acquisition of The First of Long Island Corporation (FLIC) on June 1, 2025, which was described as the largest transaction in its history, significantly increasing its assets, loans, and deposits, and adding 36 branches.
- In March 2021, ConnectOne Bank sold two leased branch offices in Orange County, NY, and their related deposits (over $50 million) to Rhinebeck Bank as part of a branch rationalization strategy.
Capital Expenditures
- Trailing twelve months capital expenditures for ConnectOne Bancorp were $106.398 million as of December 31, 2025.
- The company plans to consolidate five branch locations as part of its synergy plans following the FLIC acquisition, aiming for increased efficiency.
- ConnectOne Bancorp emphasizes a "branch-lite" strategy, focusing on technological investments in digital banking platforms and its BoeFly fintech subsidiary to service clients.
Peer Outperformance in Regional Banks
CNOB has trailed 82% of its 259 Regional Banks peers over 5Y. Among the peers that beat it are AX, CUBI and BUSE. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that CNOB has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
51%
of 281 industry peers · 29.5% return
3Y
54%
of 271 industry peers · 101.1% return
5Y
18%
of 259 industry peers · 10.6% return
Regional Banks peers with revenue growth within 4pp of CNOB's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| CNOB | ConnectOne Bancorp | 19.1% | 9.7x | 29.5% | 101.1% | 10.6% | — |
| AX | Axos Financial | 18.0% | 10.5x | 14.1% | 151.9% | 70.4% | +60pp |
| CUBI | Customers Bancorp | 16.2% | 8.8x | 17.5% | 137.7% | 60.0% | +49pp |
| BUSE | First Busey | 21.1% | 10.9x | 33.2% | 75.6% | 38.5% | +28pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is CNOB's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 29.3% | 70.9% | 117.9% | SPNT 175% · RGA 150% · RNR 149% |
| Diversified Banks | 12 | 28.8% | 148.1% | 90.6% | CM 141% · RY 126% · JPM 124% |
| Life & Health Insurance | 20 | 13.6% | 61.4% | 84.5% | JXN 473% · UNM 291% · MFC 183% |
| Multi-Sector Holdings | 4 | 9.7% | 58.8% | 71.2% | BRK-B 88% · VOYA 54% · JEF 30% |
| Investment Banking & Brokerage | 13 | -12.1% | 102.8% | 70.1% | IBKR 373% · SNEX 176% · GS 151% |
| Property & Casualty Insurance | 42 | 13.6% | 80.6% | 63.8% | TRV 174% · PGR 161% · ACGL 146% |
| Multi-line Insurance | 9 | 7.7% | 67.3% | 58.4% | GNW 98% · L 98% · AIZ 87% |
| Regional Banks ← | 260 | 29.2% | 97.1% | 53.0% | CBC 228% · FCNCA 161% · NIC 138% |
| Financial Exchanges & Data | 15 | 7.8% | 36.5% | 29.9% | CBOE 168% · VIRT 161% · CME 70% |
| Consumer Finance | 30 | -1.3% | 90.3% | 27.5% | ENVA 413% · EZPW 325% · FCFS 154% |
| Insurance Brokers | 15 | -6.3% | 7.3% | 19.4% | LIFE 416% · ARX 88% · AJG 66% |
| Diversified Financial Services | 4 | -4.1% | 22.5% | 5.3% | FRHC 158% · EQH 83% |
| Asset Management & Custody Banks | 84 | -13.7% | 21.9% | 3.0% | WT 296% · AAMI 257% · VCTR 244% |
| Commercial & Residential Mortgage Finance | 15 | -54.2% | 35.1% | -5.8% | FNMA 340% · FMCC 305% · ACT 149% |
| Specialized Finance | 3 | 7.9% | 35.9% | -12.1% | CACC -12% · HASI -22% |
| Mortgage REITs | 34 | -21.7% | -2.9% | -35.1% | RITM 25% · DX 17% · AGNC 6% |
| Transaction & Payment Processing Services | 17 | 0.6% | 8.3% | -36.6% | V 84% · MA 80% · CPAY 47% |
| Diversified Capital Markets | 20 | -53.8% | 13.4% | -63.7% | LPLA 89% · TW 45% · RIOT -52% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
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| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 26.73 |
| Mkt Cap | 2.2 |
| Rev LTM | 684 |
| Op Inc LTM | - |
| FCF LTM | 185 |
| FCF 3Y Avg | 143 |
| CFO LTM | 191 |
| CFO 3Y Avg | 150 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.1% |
| Rev Chg 3Y Avg | 6.8% |
| Rev Chg Q | 18.8% |
| QoQ Delta Rev Chg LTM | 4.4% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 28.5% |
| CFO/Rev 3Y Avg | 24.9% |
| FCF/Rev LTM | 27.2% |
| FCF/Rev 3Y Avg | 23.2% |
Price Behavior
Price Behavior
| Market Price | $30.88 | |
| Market Cap ($ Bil) | 1.6 | |
| First Trading Date | 05/30/1996 | |
| Distance from 52W High | -8.9% | |
| 50 Days | 200 Days | |
| DMA Price | $31.32 | $29.60 |
| DMA Trend | down | up |
| Distance from DMA | -1.4% | 4.3% |
| 3M | 1YR | |
| Volatility | 17.9% | 24.7% |
| Downside Capture | 104.26 | 79.26 |
| Upside Capture | 70.54 | 97.44 |
| Correlation (S&P 500) | 32.9% | 36.0% |
CNOB Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.93 | 0.66 | 0.88 | 0.65 | 0.78 | 1.03 |
| Up Beta | -1.98 | 0.52 | -0.12 | 0.17 | 0.72 | 1.02 |
| Down Beta | 2.03 | 0.63 | 1.06 | 0.24 | 0.48 | 0.97 |
| Up Capture | 90% | 37% | 87% | 90% | 94% | 119% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 9 | 17 | 29 | 67 | 129 | 378 |
| Down Capture | 160% | 132% | 154% | 99% | 90% | 102% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 11 | 23 | 33 | 57 | 120 | 363 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CNOB | |
|---|---|---|---|---|
| CNOB | 30.8% | 24.7% | 1.03 | - |
| Sector ETF (XLF) | 7.5% | 14.4% | 0.27 | 53.3% |
| Equity (SPY) | 16.2% | 12.7% | 0.90 | 36.1% |
| Gold (GLD) | -6.0% | 29.0% | -0.22 | 9.9% |
| Commodities (DBC) | 50.2% | 20.7% | 1.85 | -29.8% |
| Real Estate (VNQ) | 3.1% | 13.8% | -0.03 | 37.1% |
| Bitcoin (BTCUSD) | -25.3% | 43.4% | -0.55 | 15.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CNOB | |
|---|---|---|---|---|
| CNOB | 2.5% | 34.0% | 0.13 | - |
| Sector ETF (XLF) | 9.7% | 18.3% | 0.39 | 62.4% |
| Equity (SPY) | 13.6% | 17.1% | 0.61 | 46.4% |
| Gold (GLD) | 17.7% | 18.9% | 0.76 | 1.1% |
| Commodities (DBC) | 9.5% | 19.5% | 0.37 | 3.0% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 46.5% |
| Bitcoin (BTCUSD) | 7.6% | 51.7% | 0.33 | 18.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CNOB | |
|---|---|---|---|---|
| CNOB | 7.9% | 37.7% | 0.32 | - |
| Sector ETF (XLF) | 13.1% | 22.1% | 0.54 | 69.7% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 51.5% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | -2.2% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 15.6% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 50.2% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 14.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/22/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/23/2026 | -4.8% | -0.6% | -1.7% |
| 4/23/2026 | 3.3% | 3.7% | 7.0% |
| 1/29/2026 | -0.9% | -0.1% | -4.1% |
| 10/30/2025 | 0.2% | 3.6% | 9.1% |
| 7/29/2025 | -4.2% | -7.5% | 4.5% |
| 4/24/2025 | 2.0% | 0.8% | 2.0% |
| 1/30/2025 | 5.2% | 11.0% | 7.9% |
| 10/24/2024 | -3.3% | -2.9% | 7.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 17 |
| # Negative | 10 | 11 | 7 |
| Median Positive | 2.7% | 3.8% | 7.1% |
| Median Negative | -3.8% | -2.9% | -4.0% |
| Max Positive | 8.8% | 12.9% | 23.5% |
| Max Negative | -8.3% | -7.5% | -14.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/23/2026 | -4.8% | -0.6% | -1.7% |
| 4/23/2026 | 3.3% | 3.7% | 7.0% |
| 1/29/2026 | -0.9% | -0.1% | -4.1% |
| 10/30/2025 | 0.2% | 3.6% | 9.1% |
| 7/29/2025 | -4.2% | -7.5% | 4.5% |
| 4/24/2025 | 2.0% | 0.8% | 2.0% |
| 1/30/2025 | 5.2% | 11.0% | 7.9% |
| 10/24/2024 | -3.3% | -2.9% | 7.8% |
| 7/25/2024 | 4.9% | 4.2% | 2.2% |
| 4/25/2024 | -6.4% | -6.0% | 3.6% |
| 1/25/2024 | 0.4% | -3.5% | -14.0% |
| 10/26/2023 | 2.9% | 1.7% | 19.3% |
| 7/27/2023 | 0.9% | 5.0% | -3.9% |
| 4/27/2023 | -1.3% | -6.2% | -10.7% |
| 1/26/2023 | -8.3% | -2.0% | 0.8% |
| 10/27/2022 | -4.6% | -2.1% | 7.6% |
| 7/28/2022 | 2.9% | 8.8% | 7.1% |
| 4/28/2022 | 1.1% | 1.9% | -4.0% |
| 1/27/2022 | -2.3% | -5.9% | -3.6% |
| 10/28/2021 | 4.9% | 9.8% | 5.2% |
| 7/29/2021 | 2.4% | 1.6% | 10.0% |
| 4/29/2021 | -0.2% | 3.8% | 2.6% |
| 1/28/2021 | 8.8% | 12.9% | 17.8% |
| 10/29/2020 | 2.1% | -2.1% | 23.5% |
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 17 |
| # Negative | 10 | 11 | 7 |
| Median Positive | 2.7% | 3.8% | 7.1% |
| Median Negative | -3.8% | -2.9% | -4.0% |
| Max Positive | 8.8% | 12.9% | 23.5% |
| Max Negative | -8.3% | -7.5% | -14.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 11/03/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 03/01/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 03/02/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
Recent Forward Guidance
Updated 10/22/2026Latest: Q3 2026 Earnings Reported 10/22/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Restructuring Transaction Costs | Reported | 7.00 Mil | 7.50 Mil | 8.00 Mil | ||||
| Q4 2026 Exposure to NYC Rent-Stabilized Assets % of Total Loans | Reported | 2.0% | ||||||
| Q4 2026 Common Stock Cash Dividend Per Share | Reported | 0.2 | ||||||
| Q4 2026 Preferred Stock Cash Dividend Per Depositary Share | Reported | 0.56 | ||||||
| Q4 2026 Effective Tax Rate | Reported | 27.5% | ||||||
Prior: Q2 2026 Earnings Reported 7/23/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Effective Tax Rate | Reported | 28.0% | ||||||
Q1 2026 Earnings Reported 4/23/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 SBA Loan Sale Gains | Reported | 1.10 Mil | ||||||
Q4 2025 Earnings Reported 1/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 SBA Loan Pretax Gains | Reported | 4.00 Mil | ||||||
| 2026 Effective Tax Rate | Reported | 28.0% | 0.0% | Affirmed | Guidance: 28.0% for 2026 | |||
Insider Activity
Updated 6/16/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Moise, Anson M | Direct | Buy | 6162026 | 33.19 | 860 | 28,543 | 572,162 | Form | |
| 2 | Moise, Anson M | Direct | Buy | 6092026 | 31.39 | 120 | 3,767 | 514,137 | Form | |
| 3 | Moise, Anson M | Direct | Buy | 6092026 | 30.96 | 120 | 3,715 | 503,379 | Form | |
| 4 | Kempner, Michael W | Direct | Sell | 3192026 | 14.75 | 67,800 | 1,000,382 | 3,163,008 | Form | |
| 5 | Javitz, Joseph T | EVP & Chief Credit Officer | Direct | Sell | 9032025 | 25.46 | 1,700 | 43,282 | 538,372 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Moise, Anson M | Direct | Buy | 6162026 | 33.19 | 860 | 28,543 | 572,162 | Form | |
| 2 | Moise, Anson M | Direct | Buy | 6092026 | 31.39 | 120 | 3,767 | 514,137 | Form | |
| 3 | Moise, Anson M | Direct | Buy | 6092026 | 30.96 | 120 | 3,715 | 503,379 | Form | |
| 4 | Kempner, Michael W | Direct | Sell | 3192026 | 14.75 | 67,800 | 1,000,382 | 3,163,008 | Form | |
| 5 | Javitz, Joseph T | EVP & Chief Credit Officer | Direct | Sell | 9032025 | 25.46 | 1,700 | 43,282 | 538,372 | Form |
| 6 | Boswell, Stephen T | Direct | Buy | 8052025 | 22.25 | 1,500 | 33,375 | 1,728,257 | Form | |
| 7 | Boswell, Stephen T | See Footnote 1 | Buy | 8052025 | 22.23 | 6,200 | 137,857 | 6,236,178 | Form | |
| 8 | O'Donnell, Susan C | Direct | Buy | 8042025 | 22.30 | 2,691 | 60,000 | 190,054 | Form |
Investor Activity (13F)
Updated Oct 22, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
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