ConnectOne Bancorp

ConnectOne Bank is built on a history of connecting to our customers’ needs. We understand that “little things matter” and focus on those things when providing creative financial products and customize solutions to help our clients achieve financial prosperity. ConnectOne Bank provides financial services such as checking and saving account, business and personal loan, and residential mortgage services.

ConnectOne Bancorp, Inc.  was acquired by Center Bancorp on January 21, 2014

Company Growth (employees)
Type
Public
HQ
Englewood Cliffs, US
Founded
2005
Size (employees)
166 (est)
ConnectOne Bancorp was founded in 2005 and is headquartered in Englewood Cliffs, US

Key People at ConnectOne Bancorp

Frank Sorrentino III

Frank Sorrentino III

Chairman & CEO
William S. Burns

William S. Burns

Executive Vice President & CFO

ConnectOne Bancorp Office Locations

ConnectOne Bancorp has an office in Englewood Cliffs
Englewood Cliffs, US (HQ)
301 Sylvan Ave

ConnectOne Bancorp Data and Metrics

ConnectOne Bancorp Financial Metrics

ConnectOne Bancorp's revenue was reported to be $44.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

44.1 m

Gross profit (Q1, 2017)

36.1 m

Gross profit margin (Q1, 2017), %

82%

Net income (Q1, 2017)

11.9 m

EBIT (Q1, 2017)

32 m

Market capitalization (25-Jul-2017)

743.1 m

Cash (31-Dec-2016)

37.2 m

EV

760.5 m
ConnectOne Bancorp's current market capitalization is $743.1 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

57.3 m94.2 m141 m171.2 m

Revenue growth, %

65%50%21%

Cost of goods sold

23.8 m31.1 m

Gross profit

117.2 m140.1 m

Gross profit Margin, %

83%82%

EBIT

117.2 m130.1 m

EBIT margin, %

83%76%

Pre tax profit

61.2 m42.9 m

Net Income

19.9 m18.6 m41.3 m31.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

37.6 m40 m39.7 m41.6 m46.8 m44.1 m

Cost of goods sold

5.5 m6.5 m7.2 m7.6 m8.2 m7.9 m

Gross profit

32.1 m33.5 m32.5 m34 m38.6 m36.1 m

Gross profit Margin, %

85%84%82%82%83%82%

Sales and marketing expense

6.9 m6.9 m7.6 m7.8 m7.8 m8.2 m

R&D expense

829 k957 k1 m1 m1 m1.1 m

General and administrative expense

1.8 m1.9 m2.2 m2.2 m2 m2.3 m

Operating expense total

9.6 m9.8 m10.9 m10.9 m10.8 m11.6 m

EBIT

28.7 m29.7 m31.3 m32.4 m33 m32 m

EBIT margin, %

76%74%79%78%71%73%

Pre tax profit

15.6 m16.1 m15.2 m15.9 m17.3 m16.8 m

Income tax expense

5.1 m5.2 m4.8 m5 m5.4 m4.9 m

Net Income

8.8 m10.5 m10.4 m10.5 m10.8 m10.4 m10.9 m11.9 m11.9 m
USDFY, 2015FY, 2016

Cash

31.3 m37.2 m

Accounts Receivable

12.5 m3.5 b

Goodwill

145.9 m145.9 m

Total Assets

4 b4.4 b

Accounts Payable

3.3 b

Total Debt

54.5 m

Total Liabilities

3.9 b

Additional Paid-in Capital

8.5 m11.4 m

Retained Earnings

104.6 m126.5 m

Total Equity

477.3 m531 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

8.4 x8.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

19.9 m18.6 m41.3 m31.1 m

Depreciation and Amortization

4.2 m5 m

Accounts Receivable

11.7 m

Cash From Operating Activities

23.2 m52.3 m49.7 m

Cash From Investing Activities

(77.6 m)(509.9 m)(427.7 m)

Cash From Financing Activities

31 m531.7 m377.5 m

Interest Paid

30.9 m

Income Taxes Paid

4.7 m17.9 m22.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

8.8 m10.5 m10.4 m10.5 m10.8 m10.4 m10.9 m11.9 m11.9 m

Depreciation and Amortization

428 k1.7 m1 m1.6 m2.4 m

Accounts Receivable

388 k264 k

Cash From Operating Activities

10.4 m10.4 m9.8 m22.3 m36.2 m7.3 m24.5 m36.6 m26.5 m

Cash From Investing Activities

18.7 m(38.9 m)(96.4 m)(217.3 m)(366.3 m)(153.6 m)(269.8 m)(274 m)(88.7 m)

Cash From Financing Activities

(19.2 m)83.8 m48.3 m193.7 m361.7 m63.6 m219.6 m270.3 m23.6 m

Income Taxes Paid

2.6 m4.7 m5.5 m12.5 m17 m10.2 m14.7 m18.2 m55 k
USDY, 2017

EV/EBIT

23.7 x

EV/CFO

28.7 x

Revenue/Employee

265.6 k

ConnectOne Bancorp Market Value History

ConnectOne Bancorp Online and Social Media Presence

ConnectOne Bancorp Company Life and Culture

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