Connectone Bancorp, Inc. · NASDAQ:CNOB
Connectone Bancorp — Investor Presentation (September 2026)
25 slides from Connectone Bancorp's investor presentation, September 2026
Slide 1: Investor Presentation September 2026
Investor Presentation September 2026
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation contains forward-looking statements that are based on ConnectOne Bancorp, Inc.’s (“ConnectOne”) assumptions and beliefs. Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “target,” “estimate,
Slide 3: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures This presentation contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore, are considered non-GAAP financial measures. Management believes these non-GAAP financial measures prov
Slide 4: Experienced Leadership Team
Experienced Leadership Team 4
Slide 5: ConnectOne at a Glance
ConnectOne at a Glance (As of June 30, 2026) 58 Attractive Footprint Corporate Overview Total Offices NASDAQ Symbol CNOB $14.4B Headquarters New York Englewood Cliffs, NJ Total Assets Bank Established 2005 $11.9B New Jersey Total Loans Long Island $11.7B Florida Total Deposits $1.6B (1) Market Capit
Slide 6: The ConnectOne Value Proposition
The ConnectOne Value Proposition Scalable Growth Valuable Franchise Disciplined Acquiror Fortified Balance Sheet NYC-Metro Core M&A Track Record Superior capitalization and reserves Uniquely positioned across NJ, NYC and History of disciplined, financially primed for expansion Long Island to c
Slide 7: Committed to Our Core Values
Committed to Our Core Values PEOPLE FIRST ConnectOne Bank’s mission is to prove that putting people first is a better way to do business SENSE OF MAKE AN URGENCY IMPACT WE FORWARD CONNECT THINKING 7
Slide 8: 2Q 2026 Highlights
2Q 2026 Highlights Key Highlights Key Performance Metrics Operating net income $43.7 million, up $2.6 million vs linked quarter Metric Reported Operating(2) NIM expanded to 3.42%, a 36 bp improvement from last year Net Income $41.7MM $43.7MM Client deposits increased $256.2 million, or 9.8%(1)
Slide 9: Balance Sheet Growth
Balance Sheet Growth ($ Billions) Reflects Strong Organic Growth and Disciplined M&A $14.4 $14.0 $9.6 $9.9 $9.9 $8.1 $7.5 $6.2 $5.5 $5.1 $4.4 2016Y 2017Y 2018Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y 2Q26 Total Assets 9
Slide 10: Strategic and Financially Disciplined M&A
Strategic and Financially Disciplined M&A 10
Slide 11: Net Interest Margin Expansion
Net Interest Margin Expansion Continuing Trends 5.79% 5.63% 5.69% 5.68% 5.72% Loans Significant upward repricing anticipated through year-end 2027 3.39% 3.42% Net Interest Margin 3.27% 3.06% 3.11% Expansion driven by strong asset-side repricing 2.78% outpacing funding costs 2.73% 2.57% 2.49% 2.5
Slide 12: Financial Objectives
Financial Objectives Street Estimates(1) Financial 2026 2027 Objectives ROA 1.17% 1.24% 1.50%+ ROTCE 13.2% 13.3% 15.0%+ Net Interest Margin 3.43% 3.50% 3.60% Growth in Noninterest Income 20%+ TCE Ratio 8.78% (2) 9.00% CRE Concentration 439% (2) <400% (1) Source: S&P Capital IQ. Reflects sell-side co
Slide 13: Capital Position Strategy
Capital Position Strategy Maintain Share Repurchase Authorization (500K+) Deliver Consecutive Dividend Growth (6 Years) Support Organic Growth Focus on Tangible Book Value Accretion Pursue Disciplined M&A Opportunities Avoid Value-Loss Trades (Shares as of August 31, 2026) 13
Slide 14: Loan Portfolio Overview
Loan Portfolio Overview ($ Millions as of June 30, 2026) Loans by Rate Structure Floating Residential / 13% Consumer Fixed $1,195 44% 10% Other CRE Adjustable $3,668 43% 31% Business Loans (1) $3,331 $11,873 28% Total Loans Adjustable Loan Repricing $1,061 $1,036 Multifamily $3,679 $563 31% WAR(2) W
Slide 15: Valuable Deposit Franchise
Valuable Deposit Franchise ($ Millions as of June 30, 2026) Brokered $1,008 9% Uninsured Deposits Time $1,919 Total Deposits $ 11,740 16% Nonmaturity Estimated Uninsured Deposits(1) $ 5,509 $11,740 Less: Collateralized Deposits 1,523 interest-bearing Less: Affiliate and Subsidiary Deposits 361 Total
Slide 16: Best-in-Class Efficiency
Best-in-Class Efficiency Operating Noninterest Expense (1)(2) / Average Assets Operating Efficiency Ratio (2) 62.0% 61.0% Peer Median (3) 60.0% 59.0% 56.6% Peer Median (3) 58.0% 55.3% 2.27% 2.28% 2.28% 57.0% 54.7% 54.0% 2.16% 2.20% 56.0% 53.2% 55.0% 54.0% 53.0% 52.0% 2.00% 51.0% 50.0% 49.0% CNOB 48.
Slide 17: Building Noninterest Income
Building Noninterest Income Diversified Revenue Streams for Sustainable Growth Gain on Sale • SBA • Commercial • Residential Fee Optimization • Strong Fee Income BoeFly Momentum • Growing • Deposit Fees • Loan Fees Opportunities to • Transaction Fees Expand Product Set 17
Slide 18: AI Innovation and Operational Efficiency
AI Innovation and Operational Efficiency AI Current Use Cases Efficiency & Workflow Automation Streamline Administrative Work nCino & Spark Integrations Deploying internal AI to daily administrative burden from Embedding AI within loan origination workflows to each employee’s day to day, freeing
Slide 19: Compelling Investment Opportunity
Compelling Investment Opportunity Realizing Full Run-Rate Synergies from 2025 Merger Driving Organic Growth via Deepened Scale Across Key Metro Markets Optimized, Liability-Sensitive Balance Sheet Delivering NIM Expansion Significant Acceleration of Financial Performance Underway Delivering Enhanced
Slide 20: Appendix
& ConnectOne Bancorp, Inc. Appendix
Slide 21: Loan Portfolio Detail
Loan Portfolio Detail ($ Millions as of June 30, 2026) (1) (1) Other CRE Balance Percentage Business Loans Balance Percentage Retail $ 864 9% Other $ 763 7% Other 760 6% Warehouse / Industrial 448 4% Office 629 5% Retail 237 2% Land Loan 328 3% Office / Mixed Use 157 1% Mixed Use 296 2% Office 127 1
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation As of Jun. 30, Mar. 31, Dec. 31, Sept. 30, Jun. 30, 2026 2026 2025 2025 2025 Reconciliation of GAAP Net Income to Operating Net Income: (dollars in thousands, except for per share data) Net income (loss) $ 41,668 $ 37,822 $ 39,518 $ 40,976 $ (20,293) Restructuring and exit ch
Slide 23: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) Three Months Ended Jun. 30, Mar. 31, Dec. 31, Sept. 30, Jun. 30, 2026 2026 2025 2025 2025 Return on Equity Measures (dollars in thousands) Average stockholders' equity $ 1,612,528 $ 1,594,699 $ 1,558,366 $ 1,513,892 $ 1,344,254 Less: average preferred stock (110,927)
Slide 24: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) Three Months Ended Jun. 30, Mar. 31, Dec. 31, Sept. 30, Jun. 30, 2026 2026 2025 2025 2025 Efficiency Measures (dollars in thousands) Total noninterest expenses $ 55,416 $ 57,869 $ 56,946 $ 58,673 $ 73,649 Restructuring and exit charges - - - (994) - Merger expenses an
Slide 25: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) As of Jun. 30, Mar. 31, Dec. 31, Sept. 30, Jun. 30, 2026 2026 2025 2025 2025 Capital Ratios and Book Value per Share (dollars in thousands, except for per share data) Stockholders equity $ 1,626,525 $ 1,591,547 $ 1,573,340 $ 1,538,344 $ 1,496,431 Less: preferred stock
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