ConnectOne Bancorp (CNOB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

ConnectOne Bancorp

NasdaqGS•Financial Services•Banks - Regional

$32.49-0.38(-0.01%)Pre-market

Market Cap

$1.63B

P/E

10.8x

P/S

2.1x

P/B

1.0x

ConnectOne Bancorp, Inc. operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the United States. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking. It also provides retirement accounts, consumer and cash management services for business clients, including treasury direct, automated clearing house origination, remote deposit capture, and digital invoicing. In addition, the company offers consumer and commercial business loans, including lines of credit, commercial and residential mortgages, home equity and bridge loans, and other personal loans; commercial loans secured by collateral, such as business assets including accounts receivable, inventory and equipment, and mortgages filed on commercial and residential real estate, as well as cash balances and marketable securities. Further, the company provides real estate loans, which includes loans secured by first liens on completed commercial properties, including multifamily properties, to purchase or refinance properties; residential mortgages, such as loans secured by first liens on 1-4 family and condominiums; and cooperative residential real estate loans. The company was formerly known as Center Bancorp, Inc. and changed its name to ConnectOne Bancorp, Inc. in July 2014. ConnectOne Bancorp, Inc. was incorporated in 1982 and is headquartered in Englewood Cliffs, New Jersey.

How this company scores

WeakMetricSide Score: 79/100

Grade capped at D — Interest coverage below 1× (0.5x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (16/25).

Profitability18/25

Growth22/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality23/25

Strengths

Growing revenueRising free cash flowStrong marginsRising earnings

Grade capped at D

Interest coverage below 1× (0.5x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.8x5y range 7.3x – 26.0x

Currently near its 20-quarter median.

P/S · 2.1x5y range 1.6x – 3.0x

Currently near its 20-quarter median.

P/B · 1.0x5y range 0.6x – 1.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Share Dilution

Red Flag

Shares outstanding increased 31.7% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $1.63B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $770.03M
Q. Revenue: $185.64M
TTM EBITDA: $224.71M
TTM Op. Income: $206.18M
Q. Op. Income: $42.43M
TTM Net Income: $150.41M
Q. Net Income: $31.40M
EPS: $0.59
Shares Out.: $50.20M

$770.03M in TTM revenue grew 24.3% YoY, reaching $185.64M last quarter. TTM EBITDA of $224.71M and TTM operating income of $206.18M show growth is flowing through to the bottom line. TTM net income of $150.41M means revenue is converting into profit. Over the past year, TTM revenue is up 24% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 55.4%
EBITDA Margin: 24.4%
Op. Margin: 22.9%
Net Margin: 16.9%

Op. margin of 22.9% is down 4.8% YoY — costs are rising relative to revenue. Net margin at 16.9% and gross margin of 55.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 17% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.8x
P/S Ratio: 2.1x
P/B Ratio: 1.0x

At 10.8x P/E, the stock trades below typical market levels. P/S of 2.1x and P/B of 1.0x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is down 47% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $14.78B
Cash: $313.35M
Long-Term Debt: $202.42M
Book Value: $1.60B
D/E Ratio: 0.1
Debt/EBITDA: 4.5

With $14.78B in assets and $202.42M in long-term debt, D/E is 0.1and book value is $1.60B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 3% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $85.41M
TTM Free Cash Flow: $178.71M
FCF Margin: 23.2%
FCF / Net Income: 1.2

TTM FCF of $178.71M on $85.41M in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.