Connectone Bancorp, Inc. · NASDAQ:CNOB
Connectone Bancorp — Investor Presentation (February 2026)
27 slides from Connectone Bancorp's investor presentation, Feb 12, 2026
Slide 1: ConnectOne Bancorp Investor Presentation February 2026
& ConnectOne Bancorp, Inc. a better place to be 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 Bill Burns Elizabeth Magennis Chief Financial Officer Bank President Senior Executive VP Frank Sorrentino III Chairman, CEO Founder { 14 Years cNoB 20 Years cNOB Bi Wears munis “or Yeas Industry 300 Yeors Inaustry Prior Experience Prior Experience president of £55 Constru
Slide 5: ConnectOne at a Glance
ConnectOne at a Glance (As of December 31, 2025) Total Branches Oa ———__ Total Assets _ Total Loans SS] Total Deposits _ Attractive Footprint Corporate Overview Market Capitalization NASDAQ Symbol . Headquarters New York Bank Established ° o° v £ New Jersey + - ° ° nie ont Long Island 4 -. ° ; gh oe
Slide 6: The ConnectOne Value Proposition
The ConnectOne Value Proposition primed for expansion 1g anchored by a stable, iversified len core deposit base Focused on maxi targeted efficien g returns via strategically positioned across NJ, NYC and Long Island to capture SMB share West Palm Beach and Orlando hubs capture new market opportuniti
Slide 7: Committed to Our Core Values
Committed to Our Core Values P E O P L E ConnectOne Bank's mission is to prove that putting people first is a better way to do business SENSE OF MAKE AN WE FORWARD & ConnectOne
Slide 8: 4Q 2025 Highlights
4Q 2025 Highlights Key Highlights Operating net income $43.5 million, up $6.5 million vs linked quarter NIM expanded to 3.27%, a 16 bp improvement from prior quarter ** Client deposits increased $156.4 million, or 6.1% sequentially “+ Loans receivable increased $149.6 million, or 5.3% sequentially T
Slide 9: Balance Sheet Growth
Balance Sheet Growth (s Reflects Strong Organic Growth and Disciplined M&A s140 sis) 996 $9.9 $9.9 ¥ ee $83 $8.3 S75 S74 75 Ee] $6.8 $6.2 Oey $63 so a) saa sas J ss SA ge copula sf 33° 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y 2021Y 2022¥ 2023Y 2024Y 2025Y Total Deposits Total Loans Receivable Total Asset
Slide 10: Strategic and Financially Disciplined M&A
Strategic and Financially Disciplined M&A JANUARY 2020 Acquistion of Bancorp of New Jersey (Bons) FEBRUARY 2013 JANUARY 2019 Completed successful IPO. erga wth Greater Hudson Bank (GHB) NOB: $68 in assots all SONS: $18 in ascot Combined Assets: $78, | —4—a Bees: I oriy 7 MN Fn, 1 : —e | — 7] JUNE 20
Slide 11: Net Interest Margin Expansion
Net Interest Margin Expansion Continuing Trends See 5.52% sen 5.60% 5.68% Loans Significant upward repricing anticipated over the next 2 years Net Interest Margin Widening from both side Deposits Continued expected improvement due to interest rate cuts and CD repricing 4024 1025 2025 3025 4025 0, =
Slide 12: Financial Objectives
Financial Objectives ROA 1.14% 1.22% 150+ % ROTCE 13.3% 13.3% 15.0+ % Net Interest Margin 3.39% 3.46% 3.60% Growth in Noninterest Income 20+ % TCE Ratio 8.62 %2) 9.00 % CRE Concentration 434%) <400 % aidcranl as of Decerbarst, 2005 8 > Cemectone
Slide 13: Managing Our Capital Position
Managing Our Capital Position = 600K+ Authorized Shares Remaining for Repurchase y c (@ 6 Consecutive Years of Dividend Growth y d 'G en ) d { Kil] Focus on Tangible Book Value Accretion y ; <=> Facilitate Financially Disciplined Merger and Acquisition Opportunities J 4 { T), we wold tone aces (here
Slide 14: Loan Portfolio Overview
Loan Portfolio Overview ($ Millions as of December 31, 2025) Residential / Consumer $1,213 11% Other CRE $3,619 31% $11,458 Total Loans Multifamily $3,437 30% Includes C&dl and Owner-occupied CRE ®)Represents weighted average rate Loans by Rate Structure Adjustable 42% Adjustable Loan Repricing $1,3
Slide 15: Credit Quality
Credit Quality Net Charge-offs / Average Loans Receivable Nonperforming Assets / Total Assets 0.39% 031% 031% 4024 1025 2025 3025 4025 4024 1025 2025 3025 4025 —cnoB Peer Median” —cNnoB Peer Median!” 4) Annualized ®1As reported by S&P Global Market Intelligence. Peers include publicly-traded banks a
Slide 16: Allowance for Credit Losses
Allowance for Credit Losses ($ Millions) Allowance for Credit Losses (“ACL”) ACL Rollforward ae 28% 1.35% Balance as of December 31, 2024 1.00% 1.00% charger fll sis Total net charge-offs $(18.3) Recoveries | sia $0.2 $0.2 _ ‘ S274 $1129 $1132 $1123 Operating pron i 205 $82.5 $82.2 hoses s Nonaccret
Slide 17: Valuable Deposit Franchise
Valuable Deposit Franchise ($ Millions as of December 31, 2025) insured Deposits $11,241 iateee SE cat as ii $6,024 Adjusted Uninsured Deposits 3,432 Total Deposits 5496 ‘Adj. Uninsured Deposits to Total Deposits 31% Available Liquidity s 5,500 erest- Available Liquidity to Adj. Uninsured Deposits 1
Slide 18: Highly Efficient Operating Model
Highly Efficient Operating Model ($ Millions) Operating Noninterest Expense ("\2) / Average Assets Operating Efficiency Ratio @) 58.6% s7a% 2.28% 2.14% 2.15% 217% 2.20% 55.6% 53.2% 52.9% 52.9% 53.0% 153% 156% rom a ae ee 49.2% 475% 45.3% 4024 1025 2025 3025 4025 4024 1025 2025 302s 4025 — operating
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 + Loan fees opportunities to + Transaction Fees expand product set & ConnectOne
Slide 20: AI Innovation and Governance
Al Innovation and Governance YQ Assisting staffin writing and Analyzing calls and Beta testing embedded Al functionali in nCino and Spark synthesizing information meetings to identify to streamline the origination workflow, improve data quickly while maintai coaching opportunities and integrity and
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) Retail 8 847 7% — Other 8 742 o% Other 645 6% © Warehouse/ Industral 309 3% Office 632 6% == Retail 218 2% LandLoan 349 3% Office / Warehouse or Mixed Use 140 1% Warehouse an 2% — Office 431 1% Mixed Use 251 2% Total Owner-occupied $ 1,630 1
Slide 24: Non-GAAP Reconciliation
Non-GAAP Reconciliation Net income (loss) S$ 39518 $ 40976 $0283) $2022 © $0371 Restructuring ani exit charges 994 - : Merger expenses 498 1898 30,745 863 Estimated state tx ibility on intercompany divide : 3,000 : - Initial provision for credit losses related to merger 7 . 27418 - Branch closing ex
Slide 25: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) ‘Three MonthsEnded ‘Jun. 30, Mar.31, Dec. 31, 202: 2 2024 Return on Equity Measures (dollars in thousands) Average stockholders’ equity $ 1558366 $1,513,892 $ 1344254 — $1,254373 $1,241,738 Less: average preferred stock (110.927 (110.927 (110,927 (110,927 (110.927 Ave
Slide 26: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) ‘Three Months Ended Sept. 30, Mar. 31, Dec.31, 2 202! 2024 Efficiency Measures (dollars in thousands) Total noninterest expenses S 56946 S$ 58673 $ 73,649 $ 39305 $ 38,498 Restructuring and exit charges . 4) : 5 . ‘Merger expenses (498) (1,898) (30,745) (1,320) (863)
Slide 27: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) Asof Dec. 31, ‘Sept. 30, Jun. 30, Mar. 31, Dec. 31, 2025 20: 2025 2025 2024 (Capital Ratios and Book Value per Share (@ollars in thousands, except for per share data) Stockholders equity S 1573340 $1,938,344 $1,496,431 $1,252,930 $1,241,704 Less: preferred stock (110,
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