Short answer
ConnectOne Bancorp, Inc. (CNOB) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $645M (+24.5% year over year) and net income of $80M.
- Top risk flagged: Cybersecurity risk managed by IT Committee co-chaired by Chief Compliance Officer and Chief Data & Development Officer
FY2025 key financial metrics · XBRL
- Revenue
- $645M
- +24.5% YoY
- Net income
- $80M
- +9.0% YoY
- EPS (diluted)
- $1.63
- −7.4% YoY
- ROE
- 5.1%
- −0.8 pp YoY
- Operating cash flow
- $106M
- +75.3% YoY
Source: XBRL data from the ConnectOne Bancorp, Inc. (CNOB) FY2025 10-K on SEC EDGAR. USD.
ConnectOne Bancorp, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Traditional banking focused on commercial, consumer, residential, and commercial real estate loans in metropolitan NY and Florida markets
- New significant acquisition: FLIC merger completed June 1, 2025, adding $3.2B in loans and 36 branches in Nassau, Suffolk, NYC; increased allowance for credit losses by $71.6M
- Strategic shift: Expansion into Florida via new loan office in Orlando, plus enhanced deposit-driven loan growth strategy leveraging client referrals and cross-selling
- Notable quantitative change: Total assets grew 41.4% to $14.0B, loans up 38.4% to $11.5B, deposits rose 43.6% to $11.2B driven largely by merger
- Unusual item: One-time $6.6M Employee Retention Tax Credit benefit and $3.5M gain from freezing FLIC pension plan increased 2025 noninterest income by 109.6% to $35.1M
Management Discussion & Analysis
- Forward-looking risks: pandemics, natural disasters, competition, interest rates, economic conditions, regulatory changes, and political risks impacting future results
Risk Factors
- Cybersecurity risk managed by IT Committee co-chaired by Chief Compliance Officer and Chief Data & Development Officer
- Monthly vulnerability scans and annual NIST-based risk assessments performed by internal IT team
- Third-party vendors reviewed for cybersecurity risks with SOC reports required for “high risk” vendors
- Annual third-party penetration and vulnerability testing reported to IT Committee
- Cybersecurity insurance coverage maintained for incident expenses and losses
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