Trade ConnectOne Bancorp Inc - CNOB CFD

ConnectOne Company profile

About ConnectOne Bancorp Inc

ConnectOne Bancorp, Inc. is a bank holding company of ConnectOne Bank (the Bank). The Bank is a community-based, full-service New Jersey-chartered commercial bank. The Company offers a range of deposit and loan products and services. The Company also provide a range of other banking services. The Company’s products and services provided include personal and business checking accounts, retirement accounts, money market accounts, time and savings accounts, credit cards, wire transfers, access to automated teller services, internet banking, treasury direct, automated clearing house (ACH) origination, and mobile banking by phone. It also offers safe deposit boxes. The Bank also offers remote deposit capture banking for business clients, providing the ability to electronically scan and transmit checks for deposit, reducing time and cost.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, ConnectOne Bancorp Inc interest income decreased 2% to $301.7M. Net interest income after loan loss provision increased 13% to $268.4M. Net income applicable to common stockholders increased 81% to $128.3M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 6% to 3.66%, Net Interest Spread, Total -% increase of 10% to 3.46%.

Equity composition

Common Stock no Par, 4/11, 25M auth., 18,477,412 issd., less 2,186,712 shs. in Treas. @ $17.7M. Insiders own 27.27%. Shs issd. 5/83 per reorganization of Union Center National Bank. Basis: 1-for-1. 6/98, 5/96, 3-for-2 stock splits; 04/07, 5/05, 5/04, 5/02, 5/01, 5/99, 5/97,5% stock dividends; 6/03, 4/03, 2-for-1 stock splits.