ConnectOne Bancorp, Inc. (CNOB) Income Statement
CNOB 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCNOB revenue and net income
Where CNOB's revenue goes
2025Each bar shows an amount and its share of revenue. CNOB kept 13.3% of revenue as net income.
CNOB profit margins
CNOB growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +13.4% | +16.2% | +13.5% | +15.0% |
| Gross profit | +7.0% | −3.5% | +4.8% | +9.0% |
| Operating income | +14.5% | −13.0% | +4.5% | +6.3% |
| Net income | +9.0% | −13.7% | +2.4% | +6.9% |
| EPS (diluted) | +43.1% | −5.2% | +3.6% | +6.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CNOB quarterly EPS vs estimates
ConnectOne Bancorp beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.85).
CNOB income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $606.5M | $534.6M | $504.1M | $387.0M | $316.8M | $322.6M | $279.5M | $221.6M | $189.5M | $171.2M |
| Cost of revenue | $338.6M | $284.4M | $243.2M | $89.4M | $33.4M | $111.2M | $93.3M | $80.0M | $42.3M | $69.8M |
| Gross profit | $267.9M | $250.3M | $260.9M | $297.6M | $283.4M | $211.4M | $186.3M | $141.6M | $147.3M | $101.4M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $131.1M | $99.7M | $98.7M | $85.3M | $68.3M | $70.0M | $57.0M | $48.1M | $44.2M | $38.8M |
| Total operating expenses | $155.1M | $151.8M | $143.9M | $126.4M | $108.3M | $121.0M | $92.2M | $70.5M | $78.8M | $58.5M |
| Operating income | $112.7M | $98.5M | $117.0M | $171.2M | $175.1M | $90.4M | $94.0M | $71.1M | $68.5M | $42.9M |
| Interest income | $644.9M | $513.5M | $470.1M | $372.1M | $300.8M | $306.6M | $269.7M | $214.1M | $179.9M | $159.8M |
| Interest expense | $291.6M | $270.6M | $235.0M | $71.6M | $38.9M | $70.2M | $85.2M | $58.9M | $36.3M | $31.1M |
| Income before taxes | $112.7M | $98.5M | $117.0M | $171.2M | $175.1M | $90.4M | $94.0M | $71.1M | $68.5M | $42.9M |
| Income taxes | $32.3M | $24.7M | $30.0M | $46.0M | $44.7M | $19.1M | $20.6M | $10.8M | $25.3M | $11.8M |
| Net income | $80.4M | $73.8M | $87.0M | $125.2M | $130.4M | $71.3M | $73.4M | $60.4M | $43.2M | $31.1M |
| EBITDA | $126.8M | $104.1M | $122.9M | $176.8M | $180.8M | $97.2M | $98.5M | $74.8M | $72.4M | $46.4M |
| EPS (diluted) | $2.59 | $1.81 | $2.07 | $3.04 | $3.23 | $2.17 | $2.27 | $2.23 | $1.72 | $1.07 |
| Gross margin | 44.2% | 46.8% | 51.8% | 76.9% | 89.5% | 65.5% | 66.6% | 63.9% | 77.7% | 59.2% |
| Operating margin | 18.6% | 18.4% | 23.2% | 44.2% | 55.3% | 28.0% | 33.6% | 32.1% | 36.1% | 25.0% |
| Net margin | 13.3% | 13.8% | 17.3% | 32.4% | 41.2% | 22.1% | 26.3% | 27.2% | 22.8% | 18.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.4M | $186.9M | $188.8M | $207.1M | $151.2M | $129.2M | $131.8M | $135.0M | $134.4M | $133.5M | $133.2M | $127.2M |
| Cost of revenue | $80.8M | $80.8M | $82.0M | $91.2M | $102.8M | $62.5M | $66.8M | $73.2M | $71.1M | $73.3M | $69.8M | $62.8M |
| Gross profit | −$51.4M | $106.2M | $106.8M | $115.9M | $48.4M | $66.7M | $65.0M | $61.8M | $63.3M | $60.1M | $63.3M | $64.4M |
| Sales, general & admin | $34.4M | $36.6M | $37.5M | $35.6M | $28.1M | $25.3M | $24.5M | $25.3M | $25.2M | $24.7M | $26.3M | $24.6M |
| Total operating expenses | $1.2M | $53.6M | $53.4M | $58.7M | $73.6M | $39.3M | $38.5M | $38.6M | $37.6M | $37.1M | $37.8M | $35.8M |
| Operating income | −$52.5M | $52.5M | $53.4M | $57.3M | −$25.3M | $27.4M | $26.5M | $23.2M | $25.7M | $23.1M | $25.5M | $28.6M |
| Interest income | $192.9M | $184.4M | $186.3M | $187.7M | $146.0M | $123.9M | $127.1M | $129.2M | $128.8M | $128.5M | $128.0M | $122.8M |
| Interest expense | $79.3M | $75.6M | $79.7M | $85.7M | $67.1M | $59.0M | $63.3M | $69.4M | $68.6M | $69.3M | $67.1M | $61.3M |
| Income before taxes | $57.9M | $52.5M | $53.4M | $57.3M | −$25.3M | $27.4M | $26.5M | $23.2M | $25.7M | $23.1M | $25.5M | $28.6M |
| Income taxes | $16.2M | $14.7M | $13.9M | $16.3M | −$5.0M | $7.2M | $6.1M | $6.0M | $6.7M | $5.9M | $6.2M | $7.2M |
| Net income | $41.7M | $37.8M | $39.5M | $41.0M | −$20.3M | $20.2M | $20.4M | $17.2M | $19.1M | $17.2M | $19.3M | $21.4M |
| EBITDA | −$47.9M | $57.2M | $58.4M | $62.3M | −$22.7M | $28.7M | $27.9M | $24.6M | $27.1M | $24.5M | $27.0M | $30.1M |
| EPS (diluted) | $0.84 | $0.79 | $0.83 | $0.70 | $0.55 | $0.51 | $0.52 | $0.42 | $0.46 | $0.41 | $0.46 | $0.51 |
| Gross margin | −174.6% | 56.8% | 56.5% | 56.0% | 32.0% | 51.6% | 49.3% | 45.8% | 47.1% | 45.1% | 47.6% | 50.6% |
| Operating margin | −178.5% | 28.1% | 28.3% | 27.6% | −16.7% | 21.2% | 20.1% | 17.2% | 19.2% | 17.3% | 19.1% | 22.5% |
| Net margin | 141.6% | 20.2% | 20.9% | 19.8% | −13.4% | 15.7% | 15.5% | 12.7% | 14.2% | 12.9% | 14.5% | 16.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CNOB's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CNOB financial results
In fiscal year 2025 (ended December 31, 2025), ConnectOne Bancorp reported revenue of $606.5 million, up 13.4% from the year before. It had net income of $80.4 million (up 9.0%), a net profit margin of 13.3%. Diluted earnings per share came to $2.59. Over five years revenue grew at an average rate of 13.5% a year.
See the CNOB stock overview for the latest quote and news, or the CNOB chart for price history and technical indicators.
CNOB income statement FAQ
What is ConnectOne Bancorp's annual revenue?
ConnectOne Bancorp reported total revenue of $606.5 million for fiscal year 2025, which ended on December 31, 2025. That was up 13.4% from $534.6 million the previous year.
Is ConnectOne Bancorp profitable?
Yes. ConnectOne Bancorp reported net income of $80.4 million in fiscal 2025, a net profit margin of 13.3%; its operating margin was 18.6%.
What is ConnectOne Bancorp's gross margin?
ConnectOne Bancorp's gross margin was 44.2% in fiscal 2025: for every $100 of revenue, ConnectOne Bancorp kept $44 after the direct cost of its products and services.
How fast is ConnectOne Bancorp growing?
Revenue grew 13.5% a year on average over the last five fiscal years, from $322.6 million to $606.5 million.
What are ConnectOne Bancorp's earnings per share?
ConnectOne Bancorp earned $2.59 per diluted share in fiscal 2025, compared with $1.81 a year earlier.
When will ConnectOne Bancorp report its next earnings?
ConnectOne Bancorp is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 before the market opens.
When does ConnectOne Bancorp's fiscal year end?
ConnectOne Bancorp's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.