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ConnectOne Bancorp Inc (NASDAQ:CNOB) Reports Mixed Q2 2025 Results with Revenue Beat and EPS Slight Miss

By Mill Chart

Last update: Jul 29, 2025

ConnectOne Bancorp Inc (NASDAQ:CNOB) reported mixed second-quarter 2025 results, with revenue exceeding analyst expectations but earnings per share (EPS) falling slightly short. The market reaction has been cautiously positive in pre-market trading, with shares up approximately 1.6% following the release.

Key Financial Highlights vs. Estimates

  • Revenue: Reported at $84.07 million, surpassing the consensus estimate of $76.32 million. This represents a strong top-line performance, likely driven by contributions from the recently completed merger with The First of Long Island Corporation (FLIC).
  • EPS: Came in at $0.55, marginally below the estimated $0.5569. While the miss is minor, it contrasts with the company’s net loss available to common stockholders of $(21.8) million, which includes merger-related costs and integration expenses.
  • Full-Year Estimates: Analysts project revenue of $364.4 million and EPS of $2.51 for 2025. The Q2 beat on revenue suggests potential upside to full-year forecasts if momentum continues.

Market Reaction & Performance Context

The pre-market gain of ~1.6% indicates investor optimism, likely fueled by the revenue beat and the completion of the FLIC merger. However, the stock has been relatively flat over the past week (-1.6%) and month (+4.8%), reflecting uncertainty around integration challenges and profitability post-merger.

Press Release Summary

  • Merger Impact: The FLIC acquisition closed on June 1, 2025, contributing one month of activity to Q2 results. Historical comparisons are skewed due to the merger.
  • Profitability Metrics: Return on average assets and tangible common equity turned negative in Q2 (-0.73% and -8.42%, respectively), compared to positive figures in prior quarters. This reflects one-time merger costs rather than underlying operational weakness.
  • Dividends: The company declared both common and preferred dividends, signaling confidence in liquidity despite the quarterly loss.

Looking Ahead

Analysts expect Q3 2025 revenue of $109.42 million and EPS of $0.696. The company’s ability to integrate FLIC smoothly will be critical in meeting or exceeding these projections.

For more detailed earnings estimates and historical performance, visit ConnectOne Bancorp’s earnings page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.

CONNECTONE BANCORP INC

NASDAQ:CNOB (8/19/2025, 2:45:46 PM)

24.1

+0.02 (+0.08%)



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