Financial Data and Key Metrics Changes - The company reported a slight reduction in its loan portfolio during Q3 2024, which was attributed to active efforts in reducing non-relationship loans, improving the loan-to-deposit ratio and lowering commercial real estate (CRE) concentration [7][9] - Average client deposits increased by approximately $130 million, or 8% on an annualized basis, while average broker deposits declined by $60 million [8] - The net interest margin (NIM) on a core basis was flat, but the spot margin ended the quarter approximately 10 basis points wider due to the Fed's 50 basis point cut in September [8][11] Business Line Data and Key Metrics Changes - Loan originations remained solid, with expectations for muted growth in the next two quarters, followed by a return to mid- to high single-digit growth [7] - The merger with First of Long Island Corporation is expected to enhance the company's balance sheet mix and expand market reach, increasing pro forma market cap to $1.3 billion [5][14] Market Data and Key Metrics Changes - The merger will position the combined entity as one of the top community banks on Long Island, enhancing its presence in a region where the company has been focusing its efforts [6] - The transaction is expected to create meaningful revenue synergies with minimal client overlap, particularly in residential mortgage origination and SBA lending [6] Company Strategy and Development Direction - The company remains committed to strategic priorities such as supporting clients, extending competitive position, driving profitable growth, and investing in its franchise [4] - The merger is seen as a financially disciplined transaction that will create synergies and enhance growth potential [4][5] Management's Comments on Operating Environment and Future Outlook - Management noted that the economy is currently slow, impacting loan growth, but there are signs of improvement in certain areas such as construction and owner-occupied loans [21] - The company is optimistic about its ability to drive increased profitability through the fourth quarter and into 2025, especially post-merger [8][11] Other Important Information - The allowance for credit loss percentage is expected to strengthen from 1.02% to 1.33% on a pro forma basis due to the merger [14] - Credit quality remains sound, with non-accrual loans and charge-offs fluctuating but within expectations [15] Q&A Session Summary Question: Clarification on loan growth timing - Management indicated that loan growth is expected to be muted for another quarter or two, with signs of a pickup anticipated by the second quarter of 2025 [21] Question: Expectations around loan and deposit betas - Management expects betas to range from 60 to 100 on the next cut, with current projections sticking to an 80% beta [22] Question: Update on sub debt raise - The company plans to execute a $175 million offering in the first quarter of next year, combining a $75 million sub debt repricing with a new raise [24] Question: Spot interest margin clarification - The spot interest margin was reported as up 10 basis points from the third quarter average, with projections for the fourth quarter at approximately $280 million [28] Question: Drivers of criticized loans increase - The increase in criticized loans was primarily due to loan modifications that placed loans into special mention, which are expected to be restored [34]

For the quarter ended September 2024, ConnectOne Bancorp (CNOB) reported revenue of $65.62 million, down 0.5% over the same period last year. EPS came in at $0.42, compared to $0.51 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $67.87 million, representing a surprise of -3.31%. The company delivered an EPS surprise of -6.67%, with the consensus EPS estimate being $0.45.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

Financial Performance - ConnectOne Bancorp reported quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.45 per share, and down from $0.51 per share a year ago, representing an earnings surprise of -6.67% [1] - The company posted revenues of $65.62 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 3.31%, compared to year-ago revenues of $65.92 million [1] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.49 on revenues of $70.14 million, and for the current fiscal year, it is $1.78 on revenues of $268.12 million [4] - The estimate revisions trend for ConnectOne is currently favorable, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Banks - Northeast industry, to which ConnectOne belongs, is currently in the top 19% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - Esquire Financial Holdings, Inc., another company in the same industry, is expected to report quarterly earnings of $1.32 per share, reflecting a year-over-year change of +12.8% [5]

Exhibit 99.1 CONNECTONE BANCORP, INC. REPORTS THIRD QUARTER 2024 RESULTS; DECLARES COMMON AND PREFERRED DIVIDENDS Englewood Cliffs, N.J., October 24, 2024, (GLOBE NEWSWIRE) – ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the "Company" or "ConnectOne"), parent company of ConnectOne Bank (the "Bank"), today reported net income available to common stockholders of $15.7 million for the third quarter of 2024 compared with $17.5 million for the second quarter of 2024 and $19.9 million for the third quarter of 2023. In ...

NEW YORK, Sept. 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating ConnectOne Bancorp, Inc. (Nasdaq: CNOB), relating to its proposed merger with The First of Long Island Corporation (FLIC). Under the terms of the agreement, ConnectOne shareholders will have ...

Table of Contents UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-11486 CONNECTONE BANCORP, INC. (Exact Name of Registrant as Specified in Its Charter) New Jersey 52 ...

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Q2 2024 Earnings Conference Call July 25, 2024 10:00 AM ET Company Participants Siya Vansia - Chief Brand and Innovation Officer Frank Sorrentino - Chairman and Chief Executive Officer William Burns - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Timothy Switzer - KBW Frank Schiraldi - Piper Sandler Daniel Tamayo - Raymond James Matthew Breese - Stephens Operator Thank you for standing by. At this time, I'd like to welcome eve ...

ConnectOne Bancorp (CNOB) reported $65.84 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 2.1%. EPS of $0.46 for the same period compares to $0.51 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $64.62 million, representing a surprise of +1.89%. The company delivered an EPS surprise of +15.00%, with the consensus EPS estimate being $0.40. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, MainStreet Bank (MNSB) , is yet to report results for the quarter ended June 2024. Conn ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------|-------|-------------------|-------|-------|------------|--------------------|----------------------------------------------------------|-------|-------------------|-------|-----------------| | | | Jun. 30, 2024 | | Mar. | 31, 2024 | Three \n(dollars | Months Ended \nDec. 31, 2023 \n in thousands) | | Sep. 30, 2023 | | Jun. 30, 2023 | | Return on Equity Measures | | | | | | ...