ConnectOne Bancorp, Inc.

connectonebank.com

What Do They Do?

Offers loans, deposit accounts and banking services to small and mid-sized businesses, local professionals and individuals, and connects franchise borrowers with funding through partner banks.

How Do They Make Money?

Most of its revenue comes from the difference between interest collected on loans and securities and interest paid on deposits and borrowings; it also earns fees from banking services and loan activity.

FY2025 revenue

Who Are Their Customers?

Customers can access many deposit products at branches and online, and bank relationship officers often visit clients. Franchise borrowers connect with funding through BoeFly's network of partner banks, including the Bank.

Do Revenues Turn Into Profits?

Yes. It kept 12 cents of every revenue dollar as net income in FY2025 and turned 16 cents into free cash flow.

Net income, FY2025

12% of revenue

▲ +9% vs FY2024 ($73.8M, 14%)

Free cash flow, FY2025

16% of revenue

▲ +77% vs FY2024 ($56.9M, 11%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +32%; vs $146M in Q2 FY2025
Net income: ▲ Now profitable; vs −$20.3M in Q2 FY2025

Growing. Revenue grew 2.1x in 4 years, from $301.7M in FY2021 to $644.9M in FY2025, about 21% a year.

Broader Florida reach The latest report describes the bank serving a Florida market through its West Palm Beach office and Orlando loan production office, while the older report described its Florida presence as South Florida served by West Palm Beach.

Greater residential lending focus The latest report describes a push to grow the residential loan portfolio and loan sales, including a dedicated lending team and technology investment; the older report listed residential mortgages among its products without describing this focus.

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