ConnectOne Bancorp Inc
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 21, 2025
CNOB$32.82-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Financial Condition
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (in thousands, except share data) | ||
| ASSETS | ||
| Cash and due from banks | $57,816 | $61,421 |
| Interest-bearing deposits with banks | 298,672 | 181,293 |
| Cash and cash equivalents | 356,488 | 242,714 |
| Investment securities | 612,847 | 617,162 |
| Equity securities | 20,092 | 18,564 |
| Loans held-for-sale | 743 | - |
| Loans receivable | 8,274,810 | 8,345,145 |
| Less: Allowance for credit losses - loans | 82,685 | 81,974 |
| Net loans receivable | 8,192,125 | 8,263,171 |
| Investment in restricted stock, at cost | 40,449 | 51,457 |
| Bank premises and equipment, net | 28,447 | 30,779 |
| Accrued interest receivable | 45,498 | 49,108 |
| Bank owned life insurance | 243,672 | 237,644 |
| Right of use operating lease assets | 14,489 | 12,007 |
| Goodwill | 208,372 | 208,372 |
| Core deposit intangibles | 4,639 | 5,874 |
| Other assets | 111,739 | 118,751 |
| Total assets | $9,879,600 | $9,855,603 |
| LIABILITIES | ||
| Deposits: | ||
| Noninterest-bearing | $1,422,044 | $1,259,364 |
| Interest-bearing | 6,398,070 | 6,276,838 |
| Total deposits | 7,820,114 | 7,536,202 |
| Borrowings | 688,064 | 933,579 |
| Subordinated debentures, net of debt issuance costs | 79,944 | 79,439 |
| Operating lease liabilities | 15,498 | 13,171 |
| Other liabilities | 34,276 | 76,592 |
| Total liabilities | 8,637,896 | 8,638,983 |
| COMMITMENTS AND CONTINGENCIES | ||
| STOCKHOLDERS’ EQUITY | ||
| Preferred Stock, no par value; | ||
| $1,000 per share liquidation preference; Authorized 5,000,000 shares; issued 115,000 shares as of December 31, 2024 and as of December 31, 2023; outstanding 115,000 shares as of December 31, 2024 and as of December 31, 2023 | 110,927 | 110,927 |
| Common stock, no par value: | ||
| Authorized 100,000,000 shares; issued 42,255,865 shares as of December 31, 2024 and 42,122,948 shares as of December 31, 2023; outstanding 38,370,317 shares as of December 31, 2024 and 38,519,770 as of December 31, 2023 | 586,946 | 586,946 |
| Additional paid-in capital | 36,347 | 33,182 |
| Retained earnings | 631,446 | 590,970 |
| Treasury stock, at cost 3,885,548 shares as of December 31, 2024 and 3,603,178 shares as of December 31, 2023 | (76,116) | (70,296) |
| Accumulated other comprehensive loss | (47,846) | (35,109) |
| Total stockholders’ equity | 1,241,704 | 1,216,620 |
| Total liabilities and stockholders’ equity | $9,879,600 | $9,855,603 |
-76-
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.