Latest news with #ConnectOneBancorp
Yahoo
a day ago
- Business
- Yahoo
ConnectOne Bancorp Strengthens Executive Leadership By Appointing Legal Advisor Robert Schwartz to General Counsel
Industry Veteran Joins Leadership Team ENGLEWOOD CLIFFS, N.J., June 25, 2025 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the "Company" or "ConnectOne"), parent company of ConnectOne Bank (the "Bank"), announced the appointment of Robert A. Schwartz as General Counsel, effective June 1, 2025. This strategic appointment reinforces ConnectOne's commitment to strengthening executive leadership capabilities as it accelerates growth following the successful completion of its merger with First of Long Island Corporation (formerly Nasdaq: FLIC). A recognized leader in the banking industry with deep expertise in mergers and acquisitions, securities law, and bank regulatory frameworks, Schwartz brings decades of legal and strategic experience to ConnectOne. In this role, he will advise the Board of Directors and executive leadership on legal, regulatory and business risks in an evolving operating environment. The appointment comes at a pivotal time for ConnectOne, as the Company recently reached nearly $14 billion in assets. Schwartz has served as a trusted legal advisor to ConnectOne since its inception, playing a foundational role in the Bank's formation, IPO and multiple transactions throughout its 20-year history. "Mr. Schwartz has been an integral player to the bank since day one, and we look forward to working with him in this new capacity," said Frank Sorrentino III, ConnectOne's Chairman & CEO. "His ability to balance legal acumen with business strategy will be instrumental in driving the success of the newly expanded institution as we prepare for our next chapter of growth. Bringing someone of his caliber in-house reflects the strength of our platform and our focus on building an industry-leading leadership team." "After two decades of helping ConnectOne navigate many major milestones—from our formation to our IPO to strategic acquisitions—I'm energized to now lead our legal strategy from within," said Schwartz. "This transition from trusted advisor to executive team member is a testament to ConnectOne's ambitious vision. Together, we're positioned to capitalize on the growing opportunities in today's dynamic banking landscape." Prior to joining the bank, Schwartz served as a Partner at Windels Marx, where he specialized in advising financial institutions on mergers and acquisitions, and bank regulatory and securities law. Schwartz holds a J.D. from Fordham Law School and a B.A. from Fordham University. He is a member of both the New Jersey and New York Bar. About ConnectOne Bancorp, Bancorp, Inc., is a modern financial services company that operates, through its subsidiary, ConnectOne Bank, and the Bank's fintech subsidiary, BoeFly, Inc. ConnectOne Bank is a high-performing commercial bank offering a full suite of banking & lending products and services that focus on small to middle-market businesses. BoeFly, Inc. is a fintech marketplace that connects borrowers in the franchise space with funding solutions through a network of partner banks. ConnectOne Bancorp, Inc. is traded on the Nasdaq Global Market under the trading symbol "CNOB," and information about ConnectOne may be found at Investor Contact: William S. BurnsSenior Executive VP & CFO201.816.4474: bburns@ Media Contact: Shannan Weeks, MWW732.299.7890: sweeks@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Investors in ConnectOne Bancorp (NASDAQ:CNOB) have seen notable returns of 73% over the past five years
The main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share price rise faster than the market. But ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has fallen short of that second goal, with a share price rise of 51% over five years, which is below the market return. However, more recent buyers should be happy with the increase of 26% over the last year. So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During five years of share price growth, ConnectOne Bancorp actually saw its EPS drop 0.2% per year. So it's hard to argue that the earnings per share are the best metric to judge the company, as it may not be optimized for profits at this point. Therefore, it's worth taking a look at other metrics to try to understand the share price movements. On the other hand, ConnectOne Bancorp's revenue is growing nicely, at a compound rate of 4.1% over the last five years. In that case, the company may be sacrificing current earnings per share to drive growth. You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image). Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, ConnectOne Bancorp's TSR for the last 5 years was 73%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. We're pleased to report that ConnectOne Bancorp shareholders have received a total shareholder return of 30% over one year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 12%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. Keeping this in mind, a solid next step might be to take a look at ConnectOne Bancorp's dividend track record. This free interactive graph is a great place to start. Of course ConnectOne Bancorp may not be the best stock to buy. So you may wish to see this free collection of growth stocks. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Investors in ConnectOne Bancorp (NASDAQ:CNOB) have seen notable returns of 73% over the past five years
The main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share price rise faster than the market. But ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has fallen short of that second goal, with a share price rise of 51% over five years, which is below the market return. However, more recent buyers should be happy with the increase of 26% over the last year. So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During five years of share price growth, ConnectOne Bancorp actually saw its EPS drop 0.2% per year. So it's hard to argue that the earnings per share are the best metric to judge the company, as it may not be optimized for profits at this point. Therefore, it's worth taking a look at other metrics to try to understand the share price movements. On the other hand, ConnectOne Bancorp's revenue is growing nicely, at a compound rate of 4.1% over the last five years. In that case, the company may be sacrificing current earnings per share to drive growth. You can see below how earnings and revenue have changed over time (discover the exact values by clicking on the image). Balance sheet strength is crucial. It might be well worthwhile taking a look at our free report on how its financial position has changed over time. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, ConnectOne Bancorp's TSR for the last 5 years was 73%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. We're pleased to report that ConnectOne Bancorp shareholders have received a total shareholder return of 30% over one year. Of course, that includes the dividend. That gain is better than the annual TSR over five years, which is 12%. Therefore it seems like sentiment around the company has been positive lately. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. Keeping this in mind, a solid next step might be to take a look at ConnectOne Bancorp's dividend track record. This free interactive graph is a great place to start. Of course ConnectOne Bancorp may not be the best stock to buy. So you may wish to see this free collection of growth stocks. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
ConnectOne Bank CEO talks completed merger, macro uncertainty
ConnectOne Bancorp (CNOB) has completed its merger with the First of Long Island Corp., expanding its total assets under management to $14 billion. ConnectOne Bank Founder and CEO Frank Sorrentino speaks with Josh Lipton about his company's expansion, new product offerings in the New York Metro market, banking and M&A regulations under the Trump administration, and how the regional bank is viewing the commercial real estate market and the odds of an economic soft landing. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. ConnectOne Bancorp is merging with the First of Long Island Corporation. The move coming against the backdrop of an M&A landscape that's starting to show some signs of life. Joining me now is Frank Sorrentino, founder and CEO of ConnectOne Bank. Frank, it is good to see you. Uh, let's talk about this deal, uh, Frank, because you did complete the merger. Walk us through what it's going to mean for ConnectOne and your clients, Frank. Well, for, you know, for all of us, uh, it means we're now a $14 billion asset bank in the greater New York metro market with a phenomenal footprint across all of Northern New Jersey, the five boroughs, out on the Long Island, and into the Hudson Valley. Uh, and having a larger balance sheet allows us to do more for our clients. It allows us to invest more in technology for products and services for them. It allows us to do bigger loan products and more diversified types of, uh, product offerings for all of our clients within that market. As you know, the New York metro market is probably the largest in the United States. It represents some, somewhere around 10 or 11% of our GDP. So, uh, being bigger and, uh, being able to stand up against all the other institutions that are here is, I think, uh, a, a good thing for us to be doing. More broadly, Frank, you know, there was this expectation with Trump back in the White House that, uh, listen, you were going to see cut regulation, cut the red tape, it was just going to get easier to get deals done. Is that what you've been sort of seeing and experiencing here? Look, I, I didn't think it was difficult to get this deal done. Uh, we've had a really terrific relationship with our regulators going forward. Uh, yes, I do think we are going to see a change in the regulatory framework. Um, you know, I don't like to think about things in terms of too, you know, big regulation, small regulation, too much, too little. I like to think about appropriate sized regulation for institutions based on their size, their complexity, what they need to do. I do think that there will be a focus on permitting more M&A activity as the banking system changes. And I think that's smart regulation, and I think that's what we really need to focus more on. Smarter regulation to allow our economy to function. Banks are the, you know, they're the oil, the grease that, you know, makes the economy run. And so having a smartly regulated industry is probably a good place to go to. Frank, let's talk about the macro as well here. You know, Bloomberg did a report, I'm sure you saw this, that City is set to put aside hundreds of millions of dollars more than it did last quarter to account for potential losses on loans. So, a sign there that maybe big banks were preparing for what they see as a weaker, just weakening economic health. And I'm just curious what you see, Frank. You know, I've been hearing for probably 18 to 24 months that we are either in a recession, going to a recession, thinking about a recession. Soft landing, not so soft landing, whatever. From my perspective, we've been in a pretty robust economy for the last, I don't know how many years. And as I speak to our clients today on the ground, and it really doesn't matter what businesses they're in. Generally, things are pretty good. Now, again, I'm speaking about the New York Metro market, but people are feeling pretty good. Employment is strong, and that is the biggest, you know, variable in all of this. People have jobs, they have money, their, you know, their earnings are going up, their wages are going up. Uh, people are feeling good, they spend money, and the economy does well. Are there, you know, sort of some bubbles here and there? Things that we should be concerned about? Yes. Have there been some issues relative to whether it's liberation day, the tariffs, uh, you know, some apprehension about where the economy is going? Sure. But overall, our clients I think are doing quite well in this economy, and it's showing up in all the numbers. It's showing up in the employment numbers. It's showing up in consumer spending. It's showing up in credit trends. Even though some of those institutions you mentioned may have been putting away reserves, the credit trends have been quite benign. What about the commercial real estate market, Frank? I'm curious what you're seeing there in the tri-state area. So I love when people ask me about commercial real estate, so that's like walking into Baskin-Robbins and asking for an ice cream. Like, what part of it are we talking about? Are we talking about the multi-family portfolios, the office portfolios, retail portfolios? They all have a different, you know, sort of flavor to them. The office market, which is what's been really in focus, uh, past COVID, from because of remote work, has really made a stunning comeback. There's an enormous amount of activity within the office space. We're seeing buildings trade, we're seeing credit loosening up. We're seeing office buildings in central business, uh, New York City, getting record rents. So, definitely a change in the trend there. There are still some troubled assets, there are still some places where there are pockets of weakness, uh, but overall that is healing itself well. And the multi-family sector, right now the market's pretty tight. And so a lot of those buildings are still trading at, at, you know, really, uh, high valuations. The one place where there's a little bit of weakness is in the rent regulated portfolios, and hopefully there'll be some changes in that 2019 regulation to loosen up some of the challenges that are there. Yeah, Frank, Frank, I got to tell you, on that train I take every morning from New Jersey to New York City, it is jam-packed, Frank. People are back in the office. Thank you, sir. It's always great to have you on the show. You're welcome. Great to be with you. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
11-06-2025
- Business
- Yahoo
ConnectOne Bank CEO talks completed merger, macro uncertainty
ConnectOne Bancorp (CNOB) has completed its merger with the First of Long Island Corp., expanding its total assets under management to $14 billion. ConnectOne Bank Founder and CEO Frank Sorrentino speaks with Josh Lipton about his company's expansion, new product offerings in the New York Metro market, banking and M&A regulations under the Trump administration, and how the regional bank is viewing the commercial real estate market and the odds of an economic soft landing. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.
