ConnectOne Bancorp, Inc. (CNOB) financial statements (2022 and earlier)

Company profile

Business Address 301 SYLVAN AVENUE
ENGLEWOOD CLIFFS, NJ 07632
State of Incorp. NJ
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments279317213184150200201
Cash and cash equivalents266304201172150200201
Short-term investments14131111   
Receivables6,754      
Total current assets:7,033317213184150200201
Noncurrent Assets
Operating lease, right-of-use asset111615
Property, plant and equipment29301919222222
Intangible assets, net (including goodwill)217219168148148149150
Goodwill208208163146146146146
Intangible assets, net (excluding goodwill)91152234
Total noncurrent assets:257266202167170171172
Other undisclosed assets8396,9655,7595,1124,7894,0553,644
TOTAL ASSETS:8,1297,5476,1745,4625,1084,4264,017
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  16  1719
Total current liabilities:  16  1719
Noncurrent Liabilities
Other undisclosed liabilities7,0056,6325,4264,8484,5433,8793,521
Total liabilities:7,0056,6325,4434,8484,5433,8953,539
Stockholders' equity
Stockholders' equity attributable to parent1,124915731614565531477
Preferred stock111     11
Common stock587587469413413413374
Treasury stock, value(40)(30)(29)(17)(17)(17)(17)
Additional paid in capital2724211614119
Accumulated other comprehensive income (loss)(1)3(1)(9)(4)(3)(5)
Retained earnings440332272211160126105
Total stockholders' equity:1,124915731614565531477
TOTAL LIABILITIES AND EQUITY:8,1297,5476,1745,4625,1084,4264,017

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues306310273217182162145
Net investment income302308271216181161141
Cost of revenue (41)(8)(21)(6)(39)(13)
Provision for loan, lease, and other losses (41)(8)(21)
Financial services costs(6)(39)(13)
Gross profit:306269265196176123133
Operating expenses(33)(31)(24)(20)(55)(63)(57)
Other operating income, net
(Noninterest Income, Other Operating Income)
  00   
Operating income:2722382411761216076
Nonoperating income (expense)5333(12)32
Bank owned life insurance income5533332
Other nonoperating expense (2)  (16)  
Interest and debt expense(39)(70)(86)(59)(36)(31)(26)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (80)(65)(48)(4)1210
Income from continuing operations before equity method investments, income taxes:238909471694361
Other undisclosed loss from continuing operations before income taxes(63)      
Income from continuing operations before income taxes:175909471694361
Income tax expense(45)(19)(21)(11)(25)(12)(20)
Net income attributable to parent:130717360433141
Preferred stock dividends and other adjustments(2)    (0)(0)
Net income available to common stockholders, diluted:129717360433141

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:130717360433141
Other comprehensive income (loss)(4)48(4)(1)2(4)
Comprehensive income, net of tax, attributable to parent:126758156423338

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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