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CONNECTONE BANCORP INC (CNOB) Stock Fundamental Analysis

NASDAQ:CNOB - Nasdaq - US20786W1071 - Common Stock - Currency: USD

22.83  +0.14 (+0.62%)

After market: 22.83 0 (0%)

Fundamental Rating

4

CNOB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 393 industry peers in the Banks industry. CNOB may be in some trouble as it scores bad on both profitability and health. CNOB has a decent growth rate and is not valued too expensively. Finally CNOB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year CNOB was profitable.
CNOB had a positive operating cash flow in the past year.
Each year in the past 5 years CNOB has been profitable.
CNOB had a positive operating cash flow in each of the past 5 years.
CNOB Yearly Net Income VS EBIT VS OCF VS FCFCNOB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

1.2 Ratios

CNOB's Return On Assets of 0.72% is in line compared to the rest of the industry. CNOB outperforms 40.97% of its industry peers.
Looking at the Return On Equity, with a value of 5.63%, CNOB is doing worse than 72.52% of the companies in the same industry.
Industry RankSector Rank
ROA 0.72%
ROE 5.63%
ROIC N/A
ROA(3y)0.91%
ROA(5y)1.05%
ROE(3y)7.4%
ROE(5y)8.27%
ROIC(3y)N/A
ROIC(5y)N/A
CNOB Yearly ROA, ROE, ROICCNOB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

CNOB has a Profit Margin of 26.14%. This is in the better half of the industry: CNOB outperforms 66.16% of its industry peers.
In the last couple of years the Profit Margin of CNOB has declined.
CNOB does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 26.14%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-17.79%
PM growth 5Y-7.42%
GM growth 3YN/A
GM growth 5YN/A
CNOB Yearly Profit, Operating, Gross MarginsCNOB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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3

2. Health

2.1 Basic Checks

CNOB does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CNOB has been reduced compared to 1 year ago.
Compared to 5 years ago, CNOB has more shares outstanding
CNOB has a worse debt/assets ratio than last year.
CNOB Yearly Shares OutstandingCNOB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
CNOB Yearly Total Debt VS Total AssetsCNOB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

CNOB has a debt to FCF ratio of 1.57. This is a very positive value and a sign of high solvency as it would only need 1.57 years to pay back of all of its debts.
The Debt to FCF ratio of CNOB (1.57) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.06 indicates that CNOB is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.06, CNOB is in the better half of the industry, outperforming 78.37% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.57
Altman-Z N/A
ROIC/WACCN/A
WACC14.99%
CNOB Yearly LT Debt VS Equity VS FCFCNOB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
CNOB Yearly Current Assets VS Current LiabilitesCNOB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2019 2020 2021 2022 2023 2024 5M 10M 15M

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 9.24% over the past year.
CNOB shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.32% yearly.
Looking at the last year, CNOB shows a decrease in Revenue. The Revenue has decreased by -1.87% in the last year.
The Revenue has been growing slightly by 6.33% on average over the past years.
EPS 1Y (TTM)9.24%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%19.57%
Revenue 1Y (TTM)-1.87%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%28.39%

3.2 Future

The Earnings Per Share is expected to grow by 34.95% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 37.18% on average over the next years. This is a very strong growth
EPS Next Y37.74%
EPS Next 2Y34.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year44.85%
Revenue Next 2Y37.18%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
CNOB Yearly Revenue VS EstimatesCNOB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M
CNOB Yearly EPS VS EstimatesCNOB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 11.36, the valuation of CNOB can be described as reasonable.
CNOB's Price/Earnings ratio is in line with the industry average.
CNOB is valuated cheaply when we compare the Price/Earnings ratio to 26.48, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 6.89, which indicates a rather cheap valuation of CNOB.
89.06% of the companies in the same industry are more expensive than CNOB, based on the Price/Forward Earnings ratio.
CNOB is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.04, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.36
Fwd PE 6.89
CNOB Price Earnings VS Forward Price EarningsCNOB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, CNOB is valued a bit more expensive than the industry average as 74.30% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 22.44
EV/EBITDA N/A
CNOB Per share dataCNOB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CNOB's earnings are expected to grow with 34.95% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y34.95%
EPS Next 3YN/A

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7

5. Dividend

5.1 Amount

CNOB has a Yearly Dividend Yield of 3.17%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.54, CNOB has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.39, CNOB pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 3.17%

5.2 History

The dividend of CNOB is nicely growing with an annual growth rate of 19.08%!
CNOB has been paying a dividend for at least 10 years, so it has a reliable track record.
CNOB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)19.08%
Div Incr Years6
Div Non Decr Years14
CNOB Yearly Dividends per shareCNOB Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

47.71% of the earnings are spent on dividend by CNOB. This is a bit on the high side, but may be sustainable.
CNOB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP47.71%
EPS Next 2Y34.95%
EPS Next 3YN/A
CNOB Yearly Income VS Free CF VS DividendCNOB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
CNOB Dividend Payout.CNOB Dividend Payout, showing the Payout Ratio.CNOB Dividend Payout.PayoutRetained Earnings

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CONNECTONE BANCORP INC

NASDAQ:CNOB (8/8/2025, 8:26:42 PM)

After market: 22.83 0 (0%)

22.83

+0.14 (+0.62%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)07-29 2025-07-29/bmo
Earnings (Next)10-22 2025-10-22/bmo
Inst Owners57.38%
Inst Owner Change0.91%
Ins Owners3.41%
Ins Owner Change5.54%
Market Cap1.15B
Analysts86
Price Target29.71 (30.14%)
Short Float %1.39%
Short Ratio2.34
Dividend
Industry RankSector Rank
Dividend Yield 3.17%
Yearly Dividend0.87
Dividend Growth(5Y)19.08%
DP47.71%
Div Incr Years6
Div Non Decr Years14
Ex-Date08-15 2025-08-15 (0.18)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.4%
Min EPS beat(2)8.7%
Max EPS beat(2)18.1%
EPS beat(4)3
Avg EPS beat(4)7.88%
Min EPS beat(4)-4.46%
Max EPS beat(4)18.1%
EPS beat(8)6
Avg EPS beat(8)4.08%
EPS beat(12)7
Avg EPS beat(12)0.25%
EPS beat(16)10
Avg EPS beat(16)1.39%
Revenue beat(2)0
Avg Revenue beat(2)-2.74%
Min Revenue beat(2)-4.71%
Max Revenue beat(2)-0.77%
Revenue beat(4)0
Avg Revenue beat(4)-3.39%
Min Revenue beat(4)-6.06%
Max Revenue beat(4)-0.77%
Revenue beat(8)0
Avg Revenue beat(8)-3.27%
Revenue beat(12)2
Avg Revenue beat(12)-2.47%
Revenue beat(16)6
Avg Revenue beat(16)-0.53%
PT rev (1m)1.48%
PT rev (3m)0.09%
EPS NQ rev (1m)5.05%
EPS NQ rev (3m)10.36%
EPS NY rev (1m)0%
EPS NY rev (3m)3.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.65%
Revenue NY rev (1m)0.63%
Revenue NY rev (3m)0.49%
Valuation
Industry RankSector Rank
PE 11.36
Fwd PE 6.89
P/S 4.25
P/FCF 22.44
P/OCF 20.84
P/B 0.92
P/tB 1.1
EV/EBITDA N/A
EPS(TTM)2.01
EY8.8%
EPS(NY)3.31
Fwd EY14.52%
FCF(TTM)1.02
FCFY4.46%
OCF(TTM)1.1
OCFY4.8%
SpS5.37
BVpS24.92
TBVpS20.69
PEG (NY)0.3
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.72%
ROE 5.63%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 26.14%
GM N/A
FCFM 18.94%
ROA(3y)0.91%
ROA(5y)1.05%
ROE(3y)7.4%
ROE(5y)8.27%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-17.79%
PM growth 5Y-7.42%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.57
Debt/EBITDA N/A
Cap/Depr 69.83%
Cap/Sales 1.45%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 72.45%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score4
WACC14.99%
ROIC/WACCN/A
Cap/Depr(3y)83.7%
Cap/Depr(5y)66.34%
Cap/Sales(3y)1.75%
Cap/Sales(5y)1.42%
Profit Quality(3y)111.87%
Profit Quality(5y)120.48%
High Growth Momentum
Growth
EPS 1Y (TTM)9.24%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%19.57%
EPS Next Y37.74%
EPS Next 2Y34.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-1.87%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%28.39%
Revenue Next Year44.85%
Revenue Next 2Y37.18%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-63.95%
FCF growth 3Y-34.17%
FCF growth 5Y-0.79%
OCF growth 1Y-62.64%
OCF growth 3Y-33.05%
OCF growth 5Y0%