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

$32.31+0.25(0.01%)Market closed

Market Cap

$1.58B

P/E

9.9x

P/S

2.0x

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: 83/100

Grade capped at D — Interest coverage below 1× (0.7x) — earnings cannot cover interest. Strongest: Growth (22/25); weakest: Balance Sheet & Red Flags (18/25).

Profitability21/25

Growth22/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality22/25

Strengths

Growing revenueRising free cash flowStrong marginsRising earnings

Grade capped at D

Interest coverage below 1× (0.7x) — 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 · 9.9x5y range 5.8x – 26.0x

Currently near its 20-quarter median.

P/S · 2.0x5y range 1.4x – 4.8x

Currently near its 20-quarter median.

P/B · 1.0x5y range 0.6x – 1.1x

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.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $1.58B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $791.50M
Q. Revenue: $200.83M
TTM EBITDA: $239.88M
TTM Op. Income: $221.00M
Q. Op. Income: $57.85M
TTM Net Income: $159.98M
Q. Net Income: $41.67M
EPS: $0.8
Shares Out.: $50.20M

$791.50M in TTM revenue grew 44.6% YoY, reaching $200.83M last quarter. TTM EBITDA of $239.88M and TTM operating income of $221.00M show growth is flowing through to the bottom line. TTM net income of $159.98M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 60.5%
EBITDA Margin: 30.2%
Op. Margin: 28.8%
Net Margin: 20.7%

Op. margin of 28.8% is up 45.5% YoY — cost efficiency is improving. Net margin at 20.7% and gross margin of 60.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 272% — an improving trend.

Price Ratios

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

P/E Ratio: 9.9x
P/S Ratio: 2.0x
P/B Ratio: 1.0x

At 9.9x P/E, the stock trades below typical market levels. P/S of 2.0x and P/B of 1.0x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 4 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets: $14.41B
Cash: $362.28M
Long-Term Debt: $202.24M
Book Value: $1.63B
D/E Ratio: 0.1
Debt/EBITDA: 3.3

With $14.41B in assets and $202.24M in long-term debt, D/E is 0.1and book value is $1.63B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $34.47M
TTM Free Cash Flow: $127.70M
FCF Margin: 16.1%
FCF / Net Income: 0.8

TTM FCF of $127.70M on $34.47M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 261% — an improving trend.