ConnectOne Bancorp, Inc. · NASDAQ:CNOB
ConnectOne Bancorp — Investor Presentation (November 2026)
29 slides from ConnectOne Bancorp's investor presentation, Nov 5, 2026
Slide 1: ConnectOne Bancorp Investor Presentation November 2026
& ConnectOne Bancorp, Inc. a better place to be Investor Presentation November 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 FRANK SORRENTINO III ELIZABETH MAGENNIS BILL BURNS Chairman & CEO. President Chief Financial ofticer Senior Executive VP LAURA CRISCIONE MARIA GENDELMAN cs HILTON Joseph savirz hiet Compliance Otficer redit Officer Srecutive ve MIKE ROZMAN President | Boefly ALI MATERA ‘s
Slide 5: ConnectOne at a Glance
ConnectOne at a Glance (As of September 30, 2026) 58 Attractive Footprint Corporate Overview Total Offices NASDAQ Symbol CNOB . Englewood Clif $14.8B Englewood Cliffs, NJ Total Assets ver York 005 . $11.4B So.g ¢ Total Loans aoe hd ° a = ° ° ~ . of Se ° rb $11.8B dg. wot = t Total Deposits ¢ . . $1.
Slide 6: The ConnectOne Value Proposition
The ConnectOne Value Proposition Scalable Growth Valuable Franchise Disciplined Acquiror ‘Active portfolio de-isking and ‘concentration management ‘Adjustable-rate loan repricing ‘Supporting net interest income growth Disciplined cost control driving ‘operating leverage fit Dense deposit and lending
Slide 7: Committed to Our Core Values
Committed to Our Core Values i SENSE OF MAKE AN yoy URGENCY IMPACT WE FORWARD CONNECT THINKING ConnectOne Bank's mission is to prove that putting is a better way to do business & Comectone
Slide 8: 3Q 2026 Earnings Highlights
3Q 2026 Earnings High $49.4M 3.44% Metric Reported Operating Net Income $314MM ——-$49.4MM Diluted EPS $0.59 $0.95 ROA 0.86% 1.35% + +$299.3M $31 6.9M ROTCE 10.1% 15.2% Efficiency Ratio —_ 41.3% 8.38% Trending Up $24.19 Pavey, Restructuring: “1.9% Linked Quarter Strong Earnings due to AOCI \Sequertia
Slide 9: Balance Sheet Growth
Balance Sheet Growth (Period-end; $ in Billions) Reflects Strong Organic Growth and Disciplined M&A ~13% +5.5% $96 $99 399 $81 $75 $6.2 $54 = ; | 2016Y ——«2017Y——«20NBY—2OIDY-—«2020Y OMY —20RAY_—«2025Y——-0KY —«2025Y_ 30S & Comectone
Slide 10: Strategic and Financially Disciplined M&A
Strategic and Financially Disciplined M&A FEBRUARY 2015 CED PE 5-7 fit, IN JUNE 2025 MAY 2019 & Conectore
Slide 11: Net Interest Margin Trajectory
Net Interest Margin Trajectory Key Drivers 579% sa Loans Earning asset yield expansion supported by adjustable-rate loan repricing + Net interest Margin fened to 3.44%, mark consecutive quarters of sequential NIM expansio % Deposits Prudent deposit m: 3025 4azs 1028 2028 3026 tnchored by core cent e
Slide 12: Target Financial Objectives
‘arget Financial Objectives 20270) Operating ROA 1.35%) 1.25% 1.50% Operating ROTCE 15.2%) 13.6% 15.0% Net Interest Margin 344% 351% 3.60% Growth in Noninterest Income = —= 20%+ TCE Ratio 838% = 9.00% CRE Concentration 403% — <400% NIM target supported by back-book loan repricing and core client dep
Slide 13: Capital Allocation Priorities
Capital Allocation Priorities 99 Fund Organic Growth & Deepen Core Sustained Dividend Growth Relationships (6 Consecutive Years) Pil Prudent Capital & Liquidity Share Repurchase Flexibility Management (500K+ Authorized)" aS s Disciplined, Accretive M&A Execution Ww Proactive Portfolio Management vAt
Slide 14: Loan Portfolio Overview
Loan Portfolio Overview (S Millions as of September 30, 2026) $11,436 Total Loans $262 Remaining 2026 Includes Ck and Owner-occupied CRE cRepresents weighted average rate Loans by Rate Structure Adjustable Loan Repricing 2028 ConnectOne
Slide 15: Credit Quality
Credit Quality Delinquencies & Classified/Criticized Loans Trending Favorable Assets / Total Assets Net Charge-offs / Average Loans 035% 2% 02am 077" 0.19% 18% 7H 0.08% 0.07% 302s 402s 1028 2028 3026 —cnos” Peer Median) © Aanuatze, ‘Nec eharge-of represent non PCO loans ony. _ osm 0.40% 034% 0.50% o
Slide 16: Relationship-Focused Deposit Franchise
Relationship-Focused Deposit Franchise (5 Millions as of September 30, 2026) Uninsured Depo: Tota Deposits sed ined dope? + nm $11,778 eee ae Teral Depesies J “teen aciarioispiiataaad 4, bearing Demand 21% © pate sourced rom the FEC Cal Report aso 92072026, & conectone
Slide 17: Best-in-Class Efficiency
Best-in-Class Efficiency Noninterest Expense” / Average Assets Efficiency Ratio 2am Kaew am sm Epis Peer wean sm mm peer wean Opwstegy ‘amt Stay om pay 38 or a a a Total Assets per Full-Time Employee soe 83 a6 [ [ [ i a ‘@heterto the recantation of non <a an ena ne os prenatin, Ex & ConnectOne Banco
Slide 18: Most Efficient Bank in Our Peer Group
1 Most Efficient Bank in Our Peer Group™ cum 54 seam 71m 505% S80 CNOB® PFS CUBI FBP DCOM INDB OFG FCF BBT WSFS NBTB OCFC CBU CLBK EGBN pub ‘Mian an Northeast eons wih total ese between $10 bllon ond 25 ll as of December 31,2025 nancial dat reflects 20 126 where 30 & ConnectOne Bancorp Ine
Slide 19: Building Noninterest Income
Building Noninterest Income Diversified Revenue Streams for Sustainable Growth Gain on Sale + SBA + Commercial + Residential ‘+ Strong Fee Income BoeFly Momentum + Deposit Fees + Growing Opportunities to + Transaction Fees Expand Product Set & Connectone
Slide 20: AI Innovation and Operational Efficiency
Al Innovation and Operational Efficiency Deploying internal Al to dally administrative burden from Embedding Al within loan origination workflows to ‘each employee's day to day, freeing up staff capacity ‘eliminate manual steps, enhance data Integrity, and ‘accelerate credit throughput. Enabling eng
Slide 21: Investment Thesis & Valuation Upside
Investment Thesis & Valuation Upside Proven Integration Track Record & Synergy Realization Core Organic Growth Engine Driven by Metro Footprint Density Balance Sheet Repricing Dynamic Driving Continued Margin Expansion Accelerating Returns Across ROA, ROTCE, and Core Earnings Long-Term Tangible Book
Slide 22: Trading at a Discount to Peer Group
Trading at a Discount to Peer Group™ Price / Tangible Book Value® Peer Median: 1.61x 22x EGBN OCFC CLBK BBT lan Vax es CUB! CNOB PFS COM OFG INDB FCF NBTB FBP WSFS CBU median based on publi eadquoreresin he Ey ‘robo ond & ConnectOne Bancorp, Inc. where Sg2shasnatyetbeen report), E
Slide 23: Trading at a Discount to Peer Group
Trading at a Discount to Peer Group™ Price / 2027 EPS Estimate 14x 3x 103 Peer Median: 10.2x oo age ex OH CCFC CNOB PFS CUBI BET OFG DCOM INDB FBP FCF WSFS NBTB CBU EGBN CLBK median based on publi eadquoreresin he sid bilion sa $2 Ey s : & Connectone Bancorp, In: Pe ens 2
Slide 24: Appendix
& ConnectOne Bancorp, Ine Appendix
Slide 25: Loan Portfolio Detail
Loan Portfolio Detail ($ Millions as of September 30, 2026) Other 707 85 om 09 Warehouse / Industrial aa * os Retall 23 ™ Land Loan 38 Office / Mixed Use 179 * Mixed Use 235 ofice 128 ™ Warehouse 282 ‘Total Owner-occupled 60 1% Total CREMonowner-occ. S208 Other 357 * Multifamily 248 ‘Commercial -Sch
Slide 26: Non-GAAP Reconciliation
Non-GAAP Reconciliation foot ‘38, on. 38, ‘ar. 34, Dee a, ‘So, 8 28 228 228 Et retton of io ‘{Gotare in thoveends, excep or pr share aot) Net income (coe) s mm 8 Ss mem $ mse wos Foeructrig ond ext chergen = = oe Mergorexenese od eabvcrrg charges - 28 o rs) ‘rare cbeig epeneoe — — = 48 = ‘nvoraaion
Slide 27: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) Return on Equty Mesaures ‘erage soit ely Les: eerge prefered Hock ‘erage common ogy Loss ergo Ianto ‘Aerage eng commen exly etn en ag. common guy (GAAP) (peratng rtam on xg common equ (ran GAAP) a ratincome eal ‘Three Montha Ended sor, nm, Wer. 34, Beat, se, m6 8 28 m
Slide 28: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) ‘Tes Montha Ended ‘Sen 8, an 8, Mer. 31, ‘ee 3H, Sen, 2028 8 208 2028 228, (Etoney Mossures (dale noosa) ‘Toi reinret operas ee a 2 Cd Fedtuchring end ext charges = — = — (son) Marge eperes end reetuctring charge = 08) cc) (4s0) 9.88) rch cong erpenaee - — = (1275) =
Slide 29: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) deot Son, Tn, Wer. 3% Dees, Sept 38, 28 2028 2028 2025 2025 Eau Rts ond Book Vale per Shore (Golers thousands xcept or pr ahora) ‘Settee eculy eer ch er Laws: pote ck var, (11027) (19827) 10827) (rasan, ‘commen eau Fis FisKme Fiano | Ftd |S aTAT Laas: targets ato (146
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