ConnectOne Bancorp, Inc. (CNOB) Balance Sheet
CNOB balance sheet, 2025
December 31, 2025 · U.S. dollars$14.00B assets = $12.43B liabilities + $1.57B equity
Both columns are drawn to the same scale: what CNOB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CNOB financial health
Descriptive bands, not a rating. Fiscal 2025.
CNOB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.43B2016 | $14.00B2025 | +13.7%/yr | |
| Total liabilities | $3.90B2016 | $12.43B2025 | +13.8%/yr | |
| Shareholders’ equity | $531.0M2016 | $1.57B2025 | +12.8%/yr | |
| Cash & short-term investments | $553.7M2016 | $1.34B2025 | +10.3%/yr | |
| Total debt | $777.1M2016 | $1.17B2025 | +4.7%/yr | |
| Net cash (debt) | −$223.4M2016 | $173.1M2025 | +$396.5M | |
| Working capital | $966.2M2016 | $12.67B2025 | +$11.7B | |
| Book value per share | $17.302016 | $31.212025 | +6.8%/yr | |
| Debt / equity | 1.462016 | 0.742025 | −0.72 | |
| Shares outstanding | 30.7M2016 | 50.4M2025 | +5.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CNOB assets
CNOB liabilities and equity
CNOB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CNOB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.34B | $360.7M | $859.9M | $903.2M | $800.0M | $791.7M | $606.2M | $584.4M | $584.9M | $553.7M |
| Cash & equivalents | $92.4M | $356.5M | $242.7M | $268.3M | $265.5M | $303.8M | $201.5M | $172.4M | $149.6M | $200.4M |
| Short-term investments | $1.25B | $4.2M | $617.2M | $634.9M | $534.5M | $488.0M | $404.7M | $412.0M | $435.3M | $353.3M |
| Receivables | $11.36B | $45.5M | $49.1M | $46.1M | $34.2M | $35.3M | $20.9M | $18.2M | $15.5M | $13.0M |
| Inventory | $0 | $0 | −$8.99B | −$314.6M | −$299.7M | −$339.1M | −$222.4M | $0 | $538,000 | $626,000 |
| Other current assets | $0 | $0 | $8.99B | $314.6M | $299.7M | $339.1M | $222.4M | $4.27B | $3.90B | $3.33B |
| Total current assets | $12.70B | $406.2M | $909.0M | $949.3M | $834.2M | $827.0M | $627.1M | $4.87B | $4.50B | $3.90B |
| Property, plant & equipment (net) | $84.9M | $42.9M | $42.8M | $38.0M | $40.0M | $46.3M | $34.4M | $19.1M | $21.7M | $22.1M |
| Goodwill & intangible assets | $280.2M | $213.0M | $214.2M | $215.7M | $217.4M | $219.3M | $168.0M | $147.6M | $148.3M | $149.0M |
| Long-term investments | $1.27B | $632.9M | $635.7M | $650.7M | $548.3M | $6.16B | $5.11B | $4.51B | $4.17B | $3.53B |
| Other non-current assets | $0 | $8.58B | $8.05B | $7.79B | $6.49B | $292.9M | $236.0M | $0 | $0 | $0 |
| Total assets | $14.00B | $9.88B | $9.86B | $9.64B | $8.13B | $7.55B | $6.17B | $5.46B | $5.11B | $4.43B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $7.36B | $6.33B | $5.96B | $4.77B | $27.5M | $23.1M | $20.2M |
| Short-term debt | $32.4M | $664.1M | $881.0M | $830.0M | $390.5M | $18.0M | $16.4M | $405.0M | $520.1M | $246.3M |
| Total current liabilities | $32.4M | $8.48B | $8.42B | $8.19B | $6.33B | $5.96B | $4.77B | $3.79B | $3.56B | $2.94B |
| Long-term debt | $227.3M | $768.0M | $1.01B | $153.3M | $153.0M | $202.6M | $629.2M | $728.6M | $724.8M | $530.8M |
| Lease obligations | $32.4M | $15.5M | $13.2M | $11.4M | $12.4M | $18.0M | $16.4M | — | — | — |
| Other long-term liabilities | $12.17B | $0 | $0 | $126.3M | $519.4M | $470.2M | $46.1M | $0 | $0 | $0 |
| Total liabilities | $12.43B | $8.64B | $8.64B | $8.47B | $7.01B | $6.63B | $5.44B | $4.85B | $4.54B | $3.90B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $857.8M | $586.9M | $586.9M | $586.9M | $586.9M | $586.9M | $468.6M | $412.5M | $426.1M | $424.1M |
| Retained earnings (deficit) | $673.9M | $631.4M | $591.0M | $535.9M | $440.2M | $332.0M | $271.8M | $211.3M | $160.0M | $126.5M |
| Treasury stock | — | — | — | −$52.8M | −$39.7M | −$30.3M | −$29.4M | −$16.7M | −$16.7M | −$16.7M |
| Accumulated other comprehensive income | −$31.9M | −$47.8M | −$35.1M | −$32.4M | −$1.4M | $2.8M | −$1.1M | −$8.8M | −$4.0M | −$2.8M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.57B | $1.24B | $1.22B | $1.18B | $1.12B | $915.3M | $731.2M | $613.9M | $565.4M | $531.0M |
| Key figures | ||||||||||
| Total debt | $1.17B | $783.5M | $1.03B | $1.02B | $633.6M | $646.6M | $645.6M | $1.13B | $1.24B | $777.1M |
| Net cash (debt) | $173.1M | −$422.8M | −$166.3M | −$119.1M | $166.5M | $145.1M | −$39.4M | −$549.2M | −$660.0M | −$223.4M |
| Working capital | $12.67B | −$8.07B | −$7.51B | −$7.24B | −$5.50B | −$5.13B | −$4.14B | $1.08B | $938.7M | $966.2M |
| Tangible book value | $1.29B | $1.03B | $1.00B | $963.1M | $906.8M | $696.0M | $563.2M | $466.3M | $417.2M | $382.0M |
| Book value per share | $31.21 | $32.23 | $31.23 | $29.86 | $27.77 | $23.09 | $20.72 | $18.97 | $17.54 | $17.30 |
| Shares outstanding | 50.4M | 38.5M | 39.0M | 39.5M | 40.5M | 39.6M | 35.3M | 32.4M | 32.2M | 30.7M |
| Current ratio | 391.51 | 0.05 | 0.11 | 0.12 | 0.13 | 0.14 | 0.13 | 1.29 | 1.26 | 1.33 |
| Quick ratio | 391.51 | 0.05 | 0.11 | 0.12 | 0.13 | 0.14 | 0.13 | 0.16 | 0.17 | 0.19 |
| Debt / equity | 0.74 | 0.63 | 0.84 | 0.87 | 0.56 | 0.71 | 0.88 | 1.85 | 2.20 | 1.46 |
| Equity / assets | 11.2% | 12.6% | 12.3% | 12.2% | 13.8% | 12.1% | 11.8% | 11.2% | 11.1% | 12.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.22B | $1.24B | $1.34B | $1.18B | $1.26B | $706.1M | $360.7M | $894.0M | $703.3M | $897.0M | $859.9M | $835.2M |
| Cash & equivalents | $39.6M | $39.5M | $92.4M | $542.7M | $596.5M | $292.6M | $356.5M | $247.2M | $293.5M | $277.6M | $242.7M | $253.3M |
| Short-term investments | $1.18B | $1.20B | $1.25B | $640.3M | $659.9M | $413.5M | $4.2M | $646.7M | $409.8M | $619.4M | $617.2M | $581.9M |
| Receivables | $61.6M | $11.65B | $11.36B | $60.6M | $61.0M | $46.7M | $45.5M | $47.0M | $48.3M | $49.7M | $49.1M | $46.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$8.78B | −$8.08B | −$8.54B | $12.3M | −$300.1M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.78B | $16.12B | $8.54B | $0 | $300.1M |
| Total current assets | $1.28B | $12.88B | $12.70B | $1.24B | $1.32B | $752.9M | $406.2M | $940.9M | $8.79B | $946.7M | $909.0M | $882.0M |
| Property, plant & equipment (net) | $84.1M | $82.7M | $84.9M | $85.2M | $85.6M | $41.4M | $42.9M | $43.3M | $42.2M | $41.6M | $42.8M | $39.7M |
| Goodwill & intangible assets | $274.5M | $277.3M | $280.2M | $278.7M | $281.9M | $212.7M | $213.0M | $213.3M | $213.6M | $213.9M | $214.2M | $214.6M |
| Long-term investments | $1.20B | $1.22B | $1.27B | $1.27B | $1.25B | $655.7M | $632.9M | $667.1M | $640.3M | $638.9M | $635.7M | $599.5M |
| Other non-current assets | $11.57B | $0 | $0 | $11.14B | $10.98B | $8.10B | $8.58B | $7.77B | $35.8M | $8.01B | $8.05B | $7.94B |
| Total assets | $14.41B | $14.21B | $14.00B | $14.02B | $13.92B | $9.76B | $9.88B | $9.64B | $9.72B | $9.85B | $9.86B | $9.68B |
| Liabilities | ||||||||||||
| Short-term debt | $32.9M | $30.6M | $32.4M | $808.0M | $758.0M | $585.5M | $664.1M | $614.6M | $603.6M | $725.0M | $884.0M | $12.4M |
| Total current liabilities | $32.9M | $30.6M | $32.4M | $12.18B | $12.04B | $8.35B | $8.48B | $8.14B | $8.18B | $8.31B | $7.54B | $7.44B |
| Long-term debt | $202.7M | $227.5M | $227.3M | $227.1M | $302.4M | $107.6M | $768.0M | $822.0M | $835.8M | $957.1M | $1.01B | $966.9M |
| Lease obligations | $32.9M | $30.6M | $32.4M | $33.2M | $35.3M | $14.7M | $15.5M | $15.3M | $14.4M | $12.8M | $13.2M | $12.4M |
| Other long-term liabilities | $12.55B | $12.36B | $12.17B | $80.8M | $80.5M | $46.0M | $0 | $0 | $0 | $0 | $89.8M | $85.3M |
| Total liabilities | $12.79B | $12.62B | $12.43B | $12.49B | $12.42B | $8.51B | $8.64B | $8.40B | $8.50B | $8.64B | $8.64B | $8.49B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $857.8M | $857.8M | $857.8M | $857.8M | $857.8M | $586.9M | $586.9M | $586.9M | $586.9M | $586.9M | $586.9M | $586.9M |
| Retained earnings (deficit) | $731.5M | $701.2M | $673.9M | $644.9M | $614.5M | $643.3M | $631.4M | $619.5M | $610.8M | $600.1M | $591.0M | $579.8M |
| Accumulated other comprehensive income | −$34.8M | −$38.0M | −$31.9M | −$37.1M | −$47.4M | −$48.1M | −$47.8M | −$36.8M | −$42.2M | −$38.1M | −$35.1M | −$53.4M |
| Total shareholders' equity | $1.63B | $1.59B | $1.57B | $1.54B | $1.50B | $1.25B | $1.24B | $1.24B | $1.22B | $1.22B | $1.22B | $1.19B |
| Key figures | ||||||||||||
| Total debt | $32.9M | $30.6M | $1.17B | $1.07B | $1.10B | $707.9M | $783.5M | $837.2M | $850.3M | $970.0M | $1.03B | $979.3M |
| Net cash (debt) | $1.19B | $1.21B | $173.1M | $114.7M | $160.7M | −$1.7M | −$422.8M | $56.8M | −$146.9M | −$73.0M | −$166.3M | −$144.2M |
| Working capital | $1.25B | $12.85B | $12.67B | −$10.93B | −$10.72B | −$7.60B | −$8.07B | −$7.20B | $612.2M | −$7.37B | −$6.63B | −$6.56B |
| Tangible book value | $1.35B | $1.31B | $1.29B | $1.26B | $1.21B | $1.04B | $1.03B | $1.03B | $1.01B | $1.00B | $1.00B | $973.6M |
| Book value per share | $32.26 | $31.57 | $31.21 | $36.48 | $35.48 | $32.53 | $32.23 | $32.17 | $31.84 | $31.59 | $31.48 | $30.60 |
| Shares outstanding | 50.4M | 50.4M | 50.4M | 42.2M | 42.2M | 38.5M | 38.5M | 38.5M | 38.4M | 38.5M | 38.7M | 38.8M |
| Current ratio | 38.88 | 421.49 | 391.51 | 0.10 | 0.11 | 0.09 | 0.05 | 0.12 | 1.07 | 0.11 | 0.12 | 0.12 |
| Quick ratio | 38.88 | 421.49 | 391.51 | 0.10 | 0.11 | 0.09 | 0.05 | 0.12 | 0.09 | 0.11 | 0.12 | 0.12 |
| Debt / equity | 0.02 | 0.02 | 0.74 | 0.69 | 0.73 | 0.56 | 0.63 | 0.68 | 0.69 | 0.80 | 0.84 | 0.82 |
| Equity / assets | 11.3% | 11.2% | 11.2% | 11.0% | 10.8% | 12.8% | 12.6% | 12.9% | 12.6% | 12.3% | 12.3% | 12.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 24, 2026); data from EODHD.
CNOB financial position
At the end of fiscal 2025 (December 31, 2025), ConnectOne Bancorp had total assets of $14.0 billion (up 41.7% from a year earlier), total liabilities of $12.4 billion and shareholders' equity of $1.6 billion. It held $1.3 billion in cash and short-term investments against $1.2 billion of debt, a net cash position of $173.1 million. Its current ratio was 391.51. In the latest quarter (ended June 30, 2026) total assets were $14.4 billion and equity $1.6 billion.
Related: CNOB income statement, CNOB cash flow statement, CNOB key metrics. See the CNOB stock overview for the latest quote and news.
CNOB balance sheet FAQ
What are ConnectOne Bancorp's total assets?
ConnectOne Bancorp reported total assets of $14.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $9.9 billion a year earlier.
How much debt does ConnectOne Bancorp have?
ConnectOne Bancorp had $1.2 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.74.
How much cash does ConnectOne Bancorp have?
ConnectOne Bancorp held $1.3 billion in cash and short-term investments at the end of fiscal 2025; with $1.2 billion of debt that is net cash of $173.1 million.
What is ConnectOne Bancorp's book value?
ConnectOne Bancorp's shareholders' equity (book value) was $1.6 billion at the end of fiscal 2025, or $31.21 per share.
What is ConnectOne Bancorp's current ratio?
ConnectOne Bancorp had current assets of $12.7 billion and current liabilities of $32.4 million, a current ratio of 391.51 (it can cover its short-term obligations).
How much goodwill does ConnectOne Bancorp have?
ConnectOne Bancorp carried $280.2 million of goodwill and intangible assets, 2.0% of total assets, at the end of fiscal 2025.