Connectone Bancorp, Inc. · NASDAQ:CNOB
Connectone Bancorp — Q2 2026 Earnings Presentation
27 slides from Connectone Bancorp's earnings presentation, Jul 23, 2026
Slide 1: Investor Presentation
Investor Presentation February 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 December 31, 2025) 57 Attractive Footprint Corporate Overview Total Branches NASDAQ Symbol CNOB $14.0B Headquarters New York Englewood Cliffs, NJ Total Assets Bank Established 2005 $11.5B New Jersey Total Loans Long Island $11.2B Florida Total Deposits $1.3B Market Capi
Slide 6: The ConnectOne Value Proposition
The ConnectOne Value Proposition Scalable Growth Strategic Footprint Disciplined Acquiror ❖ Fortified Balance Sheet ❖ NYC-Metro Core ❖ M&A Track Record Superior capitalization and reserves Strategically positioned across NJ, NYC Extensive experience in seamless primed for expansion and Long Island t
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: 4Q 2025 Highlights
4Q 2025 Highlights Key Highlights Key Performance Metrics ❖ Operating net income $43.5 million, up $6.5 million vs linked quarter Metric Reported Operating(1) ❖ NIM expanded to 3.27%, a 16 bp improvement from prior quarter Net Income $39.5MM $43.5MM ❖ Client deposits increased $156.4 million, or 6.1
Slide 9: Balance Sheet Growth
Balance Sheet Growth ($ Billions) Reflects Strong Organic Growth and Disciplined M&A $14.0 $11.5 $11.2 $9.9 $9.9 $9.6 $8.3 $8.3 $8.1 $8.1 $7.5 $7.8 $7.4 $7.5 $6.8 $6.2 $6.2 $6.3 $6.0 $5.5 $5.1 $5.1 $4.5 $4.8 $4.4 $4.2 $4.0 $4.1 $3.5 $3.8 $3.1 $3.3 $2.8 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y 2021Y 2022Y
Slide 10: Strategic and Financially Disciplined M&A
Strategic and Financially Disciplined M&A 10
Slide 11: Net Interest Margin Expansion
Net Interest Margin Expansion Continuing Trends 5.69% 5.68% 5.63% 5.52% 5.63% Loans ❖ Significant upward repricing anticipated over the next 2 years 3.27% 3.02% 3.06% 3.11% 2.93% Net Interest Margin 2.86% 2.83% ❖ Widening from both sides 2.78% 2.73% 2.57% Deposits ❖ Continued expected improvement du
Slide 12: Financial Objectives
Financial Objectives Street Estimates(1) Financial 2026 2027 Objectives ROA 1.14 % 1.22 % 1.50+ % ROTCE 13.3 % 13.3 % 15.0+ % Net Interest Margin 3.39 % 3.46 % 3.60 % Growth in Noninterest Income 20+ % TCE Ratio 8.62 %(2) 9.00 % CRE Concentration 434 % (2) <400 % (1) Reflects securities analyst cove
Slide 13: Managing Our Capital Position
Managing Our Capital Position 600K+ Authorized Shares Remaining for Repurchase 6 Consecutive Years of Dividend Growth Support Organic Growth Focus on Tangible Book Value Accretion Facilitate Financially Disciplined Merger and Acquisition Opportunities We Avoid Loss Trades (Shares as of December 31,
Slide 14: Loan Portfolio Overview
Loan Portfolio Overview ($ Millions as of December 31, 2025) Loans by Rate Structure Floating Residential / 14% Consumer Fixed $1,213 44% 11% Other CRE Adjustable $3,619 42% 31% $11,458 Business Loans (1) $3,189 28% Total Loans Adjustable Loan Repricing $1,344 $1,073 Multifamily $3,437 WAR (2 ) $605
Slide 15: Credit Quality
Credit Quality Net Charge-offs / Average Loans Receivable (1) Nonperforming Assets / Total Assets 0.39% 0.31% 0.31% 0.27% 0.58% 0.22% 0.51% 0.44% 0.41% 0.17% 0.18% 0.17% 0.16% 0.34% 0.52% 0.20% 0.46% 0.33% 0.28% 0.28% 4Q24 1Q25 2Q25 3Q25 4Q25 4Q24 1Q25 2Q25 3Q25 4Q25 (2) CNOB Peer Median CNOB Peer M
Slide 16: Allowance for Credit Losses
Allowance for Credit Losses ($ Millions) Allowance for Credit Losses (“ACL”) ACL Rollforward $180.0 1.40% 1.38% 1.50% 1.35% Balance as of December 31, 2024 $82.7 $160.0 1.30% $140.0 $43.3 1.00% 1.00% $43.3 $42.0 1.10% Charge-offs $(19.4) Total net $120.0 charge-offs 0.90% $(18.3) Recoveries $1.1 $10
Slide 17: Valuable Deposit Franchise
Valuable Deposit Franchise ($ Millions as of December 31, 2025) Brokered $869 8% Time Uninsured Deposits $1,928 Total Deposits $ 11,241 17% Nonmaturity Estimated Uninsured Deposits(1) $ 5,151 $11,241 Less: Collateralized Deposits 1,418 interest-bearing Less: Affiliate and Subsidiary Deposits 301 Tot
Slide 18: Highly Efficient Operating Model
Highly Efficient Operating Model ($ Millions) Operating Noninterest Expense (1)(2) / Average Assets Operating Efficiency Ratio (2) 62.0% 61.0% 58.6% 60.0% 57.8% 59.0% 2.28% 58.0% 55.6% 2.15% 2.17% 2.20% 57.0% 2.14% 56.0% 55.0% 53.2% 52.9% 54.0% 2.00% 53.0% 52.0% 51.0% 52.9% 53.0% 1.53% 1.56% 50.0% 1
Slide 19: 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 • Deposit fees • Growing • Loan fees opportunities to • Transaction Fees expand product set 19
Slide 20: AI Innovation and Governance
AI Innovation and Governance AI Current Use Cases AI Efficiency ❖ Content Summarization ❖ Sales Intelligence ❖ nCino & Spark Loan Origination Systems Assisting staff in writing and Analyzing calls and Beta testing embedded AI functionality in nCino and Spark synthesizing information meetings to iden
Slide 21: Compelling Investment Opportunity
Compelling Investment Opportunity Seamlessly Completed and Fully Integrated Our 2025 Merger Poised For Organic Growth with Deepened Reach in Attractive Markets A Well-Positioned Liability Sensitive Balance Sheet with NIM Upside Significant Acceleration of Financial Performance Underway Compelling In
Slide 22: Appendix
& ConnectOne Bancorp, Inc. Appendix
Slide 23: Loan Portfolio Detail
Loan Portfolio Detail ($ Millions as of December 31, 2025) Other CRE Balance Percentage (1) Business Loans Balance Percentage (1) Retail $ 847 7% Other $ 742 6% Other 645 6% Warehouse / Industrial 399 3% Office 632 6% Retail 218 2% Land Loan 349 3% Office / Warehouse or Mixed Use 140 1% Warehouse 27
Slide 24: Non-GAAP Reconciliation
Non-GAAP Reconciliation As of Dec. 31, Sept. 30, Jun. 30, Mar. 31, Dec. 31, 2025 2025 2025 2025 2024 Reconciliation of GAAP Net Income to Operating Net Income: (dollars in thousands, except for per share data) Net income (loss) $ 39,518 $ 40,976 $ (20,293) $ 20,242 $ 20,371 Restructuring and exit ch
Slide 25: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) Three Months Ended Dec. 31, Sept. 30, Jun. 30, Mar. 31, Dec. 31, 2025 2025 2025 2025 2024 Return on Equity Measures (dollars in thousands) Average stockholders' equity $ 1,558,366 $ 1,513,892 $ 1,344,254 $ 1,254,373 $ 1,241,738 Less: average preferred stock (110,927)
Slide 26: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) Three Months Ended Dec. 31, Sept. 30, Jun. 30, Mar. 31, Dec. 31, 2025 2025 2025 2025 2024 Efficiency Measures (dollars in thousands) Total noninterest expenses $ 56,946 $ 58,673 $ 73,649 $ 39,305 $ 38,498 Restructuring and exit charges - (994) - - - Merger expenses (4
Slide 27: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) As of Dec. 31, Sept. 30, Jun. 30, Mar. 31, Dec. 31, 2025 2025 2025 2025 2024 Capital Ratios and Book Value per Share (dollars in thousands, except for per share data) Stockholders equity $ 1,573,340 $ 1,538,344 $ 1,496,431 $ 1,252,939 $ 1,241,704 Less: preferred stock