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CONNECTONE BANCORP INC (CNOB) Stock Fundamental Analysis

NASDAQ:CNOB - Nasdaq - US20786W1071 - Common Stock - Currency: USD

24.84  -0.47 (-1.86%)

After market: 24.84 0 (0%)

Fundamental Rating

4

CNOB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 397 industry peers in the Banks industry. Both the profitability and financial health of CNOB have multiple concerns. CNOB is not valued too expensively and it also shows a decent growth rate. Finally CNOB also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

CNOB had positive earnings in the past year.
CNOB had a positive operating cash flow in the past year.
CNOB had positive earnings in each of the past 5 years.
Each year in the past 5 years CNOB had a positive operating cash flow.
CNOB Yearly Net Income VS EBIT VS OCF VS FCFCNOB Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

1.2 Ratios

CNOB has a Return On Assets (0.72%) which is comparable to the rest of the industry.
With a Return On Equity value of 5.63%, CNOB is not doing good in the industry: 73.80% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA 0.72%
ROE 5.63%
ROIC N/A
ROA(3y)0.91%
ROA(5y)1.05%
ROE(3y)7.4%
ROE(5y)8.27%
ROIC(3y)N/A
ROIC(5y)N/A
CNOB Yearly ROA, ROE, ROICCNOB Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

With a decent Profit Margin value of 26.14%, CNOB is doing good in the industry, outperforming 65.24% of the companies in the same industry.
CNOB's Profit Margin has declined in the last couple of years.
The Operating Margin and Gross Margin are not available for CNOB so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 26.14%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-17.79%
PM growth 5Y-7.42%
GM growth 3YN/A
GM growth 5YN/A
CNOB Yearly Profit, Operating, Gross MarginsCNOB Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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3

2. Health

2.1 Basic Checks

CNOB does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for CNOB has been reduced compared to 1 year ago.
The number of shares outstanding for CNOB has been increased compared to 5 years ago.
Compared to 1 year ago, CNOB has a worse debt to assets ratio.
CNOB Yearly Shares OutstandingCNOB Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
CNOB Yearly Total Debt VS Total AssetsCNOB Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

The Debt to FCF ratio of CNOB is 1.57, which is an excellent value as it means it would take CNOB, only 1.57 years of fcf income to pay off all of its debts.
CNOB has a Debt to FCF ratio (1.57) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.06 indicates that CNOB is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.06, CNOB is in the better half of the industry, outperforming 78.34% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.57
Altman-Z N/A
ROIC/WACCN/A
WACC16.27%
CNOB Yearly LT Debt VS Equity VS FCFCNOB Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
CNOB Yearly Current Assets VS Current LiabilitesCNOB Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2019 2020 2021 2022 2023 2024 5M 10M 15M

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6

3. Growth

3.1 Past

CNOB shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.59%.
Measured over the past years, CNOB shows a decrease in Earnings Per Share. The EPS has been decreasing by -4.32% on average per year.
CNOB shows a small growth in Revenue. In the last year, the Revenue has grown by 2.56%.
The Revenue has been growing slightly by 6.33% on average over the past years.
EPS 1Y (TTM)1.59%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%24.39%
Revenue 1Y (TTM)2.56%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%9.05%

3.2 Future

Based on estimates for the next years, CNOB will show a very strong growth in Earnings Per Share. The EPS will grow by 34.95% on average per year.
CNOB is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 37.18% yearly.
EPS Next Y37.74%
EPS Next 2Y34.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year43.94%
Revenue Next 2Y37.18%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
CNOB Yearly Revenue VS EstimatesCNOB Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M
CNOB Yearly EPS VS EstimatesCNOB Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

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6

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 12.94, CNOB is valued correctly.
CNOB's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 27.30. CNOB is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 7.49, which indicates a rather cheap valuation of CNOB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CNOB indicates a rather cheap valuation: CNOB is cheaper than 87.15% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.76, CNOB is valued rather cheaply.
Industry RankSector Rank
PE 12.94
Fwd PE 7.49
CNOB Price Earnings VS Forward Price EarningsCNOB Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

CNOB's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. CNOB is more expensive than 71.54% of the companies in the same industry.
Industry RankSector Rank
P/FCF 18.68
EV/EBITDA N/A
CNOB Per share dataCNOB EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CNOB's earnings are expected to grow with 34.95% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y34.95%
EPS Next 3YN/A

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7

5. Dividend

5.1 Amount

CNOB has a Yearly Dividend Yield of 2.88%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.30, CNOB has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, CNOB pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.88%

5.2 History

On average, the dividend of CNOB grows each year by 19.08%, which is quite nice.
CNOB has been paying a dividend for at least 10 years, so it has a reliable track record.
CNOB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)19.08%
Div Incr Years6
Div Non Decr Years14
CNOB Yearly Dividends per shareCNOB Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

47.71% of the earnings are spent on dividend by CNOB. This is a bit on the high side, but may be sustainable.
CNOB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP47.71%
EPS Next 2Y34.95%
EPS Next 3YN/A
CNOB Yearly Income VS Free CF VS DividendCNOB Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
CNOB Dividend Payout.CNOB Dividend Payout, showing the Payout Ratio.CNOB Dividend Payout.PayoutRetained Earnings

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CONNECTONE BANCORP INC

NASDAQ:CNOB (7/11/2025, 8:01:16 PM)

After market: 24.84 0 (0%)

24.84

-0.47 (-1.86%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-24 2025-04-24/bmo
Earnings (Next)07-24 2025-07-24/bmo
Inst Owners57.1%
Inst Owner Change0%
Ins Owners3.33%
Ins Owner Change5.41%
Market Cap955.59M
Analysts85.45
Price Target29.27 (17.83%)
Short Float %2.29%
Short Ratio3.28
Dividend
Industry RankSector Rank
Dividend Yield 2.88%
Yearly Dividend0.87
Dividend Growth(5Y)19.08%
DP47.71%
Div Incr Years6
Div Non Decr Years14
Ex-Date05-15 2025-05-15 (0.18)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.4%
Min EPS beat(2)8.7%
Max EPS beat(2)18.1%
EPS beat(4)3
Avg EPS beat(4)7.88%
Min EPS beat(4)-4.46%
Max EPS beat(4)18.1%
EPS beat(8)6
Avg EPS beat(8)4.08%
EPS beat(12)7
Avg EPS beat(12)0.25%
EPS beat(16)10
Avg EPS beat(16)1.39%
Revenue beat(2)0
Avg Revenue beat(2)-2.74%
Min Revenue beat(2)-4.71%
Max Revenue beat(2)-0.77%
Revenue beat(4)0
Avg Revenue beat(4)-3.39%
Min Revenue beat(4)-6.06%
Max Revenue beat(4)-0.77%
Revenue beat(8)0
Avg Revenue beat(8)-3.27%
Revenue beat(12)2
Avg Revenue beat(12)-2.47%
Revenue beat(16)6
Avg Revenue beat(16)-0.53%
PT rev (1m)0.35%
PT rev (3m)-3.69%
EPS NQ rev (1m)0.59%
EPS NQ rev (3m)0.69%
EPS NY rev (1m)0.51%
EPS NY rev (3m)2.19%
Revenue NQ rev (1m)-1.62%
Revenue NQ rev (3m)-2.38%
Revenue NY rev (1m)-1.25%
Revenue NY rev (3m)0.58%
Valuation
Industry RankSector Rank
PE 12.94
Fwd PE 7.49
P/S 3.54
P/FCF 18.68
P/OCF 17.35
P/B 0.76
P/tB 0.92
EV/EBITDA N/A
EPS(TTM)1.92
EY7.73%
EPS(NY)3.31
Fwd EY13.34%
FCF(TTM)1.33
FCFY5.35%
OCF(TTM)1.43
OCFY5.76%
SpS7.02
BVpS32.57
TBVpS27.04
PEG (NY)0.34
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.72%
ROE 5.63%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 26.14%
GM N/A
FCFM 18.94%
ROA(3y)0.91%
ROA(5y)1.05%
ROE(3y)7.4%
ROE(5y)8.27%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-17.79%
PM growth 5Y-7.42%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.03
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 1.57
Debt/EBITDA N/A
Cap/Depr 69.83%
Cap/Sales 1.45%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 72.45%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score4
WACC16.27%
ROIC/WACCN/A
Cap/Depr(3y)83.7%
Cap/Depr(5y)66.34%
Cap/Sales(3y)1.75%
Cap/Sales(5y)1.42%
Profit Quality(3y)111.87%
Profit Quality(5y)120.48%
High Growth Momentum
Growth
EPS 1Y (TTM)1.59%
EPS 3Y-17.32%
EPS 5Y-4.32%
EPS Q2Q%24.39%
EPS Next Y37.74%
EPS Next 2Y34.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.56%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%9.05%
Revenue Next Year43.94%
Revenue Next 2Y37.18%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-63.95%
FCF growth 3Y-34.17%
FCF growth 5Y-0.79%
OCF growth 1Y-62.64%
OCF growth 3Y-33.05%
OCF growth 5Y0%