Connectone Bancorp, Inc. · NASDAQ:CNOB
Connectone Bancorp — Investor Presentation (November 2025)
24 slides from Connectone Bancorp's investor presentation, November 2025
Slide 1: Investor Presentation November 2025
Investor Presentation November 2025
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 Corporate Overview NASDAQ Symbol ConnectOne Legacy Branches CNOB New York Expanded Footprint Headquarters Englewood Cliffs, NJ Bank Established Long Island 2005 New Jersey Total Branches(1) 60 Florida Total Assets(1) $14.0B Market Capitalization(1) $1.2B (1) As of September 30
Slide 6: Valuable Banking Franchise
Valuable Banking Franchise Positioned for History of Delivering Attractive Disciplined Growth Shareholder Value Footprint Acquiror Strong balance sheet Led by dedicated and Well-positioned in Highly experienced in and reserve levels talented bankers with a highlight attractive acquisitions a
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 URGENCY MAKE AN IMPACT WE CONNECT FORWARD THINKING 7
Slide 8: 2025 Third Quarter Highlights
2025 Third Quarter Highlights Key Highlights Net income $41.0 million, up $61.3 million compared to the linked quarter Key Performance Reported Operating(1) NIM expanded to 3.11%, a 5 basis point Metrics improvement from the prior quarter Net Income $41.0MM $37.0MM Client deposits increased $1
Slide 9: Balance Sheet Growth
Balance Sheet Growth ($Billions) $14.0 $11.4 $11.3 $9.9 $9.9 $9.6 $8.1 $8.1 $8.3 $8.3 $7.8 $7.5 $7.4 $7.5 $6.8 $6.3 $6.2 $6.0 $6.2 $5.5 $5.1 $5.1 $4.8 $4.4 $4.5 $4.0 $4.2 $4.1 $3.8 $3.3 $3.5 $3.1 $2.8 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 3Q25 Total Deposits Total Loans Receiva
Slide 10: Strategic and Financially Disciplined M&A
Strategic and Financially Disciplined M&A 10
Slide 11: Net Interest Margin Expansion
Net Interest Margin Expansion 3Q 2025 Highlights 5.66% 5.63% 5.63% 5.69% Improvement in NIM to 5.52% 3.11% was driven by: Higher loan yields Improved securities yields Favorable earning asset mix Improved funding mix and cost 3.27% 3.02% 3.06% 3.11% 2.93% Future Outlook 2.86% 2.83% 2.78% 2
Slide 12: Managing Our Capital Position
Managing Our Capital Position Strong Track Record of Prudent Stewardship of Capital Resources Support organic growth Facilitate financially disciplined merger and acquisition opportunities Enhance investor and regulatory confidence Focus on tangible book value accretion Avoid loss trades
Slide 13: Loan Portfolio Overview as of September 30, 2025
Loan Portfolio Overview as of September 30, 2025 ($Millions) Loans by Rate Structure Floating Residential / 16% Consumer Fixed $1,235 44% 11% Other CRE Adjustable $3,502 40% 31% Business Loans (1) $11,308 $3,151 Total Loans 28% Adjustable Loan Repricing $1,168 $1,072 Multifamily $3,420 WAR(2) WAR(2)
Slide 14: Credit Quality
Credit Quality Net Charge-offs / Average Loans Receivable (1) Nonperforming Assets / Total Assets 0.31% 0.26% 0.58% 0.22% 0.53% 0.51% 0.17% 0.18% 0.37% 0.38% 0.18% 0.46% 0.41% 0.45% 0.16% 0.16% 0.17% 0.15% 0.28% 0.28% 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 (2) (2) CNOB Peer Median CNOB Pe
Slide 15: Allowance for Credit Losses
Allowance for Credit Losses ($Millions) Allowance for Credit Losses (“ACL”) ACL Rollforward $180.0 1.40% 1.40% 1.38% Balance as of December 31, 2024 $82.7 $160.0 1.20% 1.00% $140.0 1.02% 1.00% $43.3 $43.3 Charge-offs 1.00% $(13.8) Total net $120.0 charge-offs $(13.5) 0.80% Recoveries $0.3 $100.0 $0.
Slide 16: Deposit Composition as of September 30, 2025
Deposit Composition as of September 30, 2025 ($Millions) Brokered $939 Time Uninsured Deposits 8% $2,039 18% Total Bank Unconsolidated Deposits $ 11,492 (RC-O Memo Item 1) Estimated Uninsured Deposits (RC-O Memo Item 2) $ 4,983 Less: Collateralized Deposits 1,461 $11,369 Noninterest- Less: Affiliate
Slide 17: Efficient Operating Model
Efficient Operating Model ($Millions) Operating Noninterest Expense (1)(2) / Average Assets Operating Efficiency Ratio (2) 65.0% 64.0% 63.0% 2.16% 2.16% 62.0% 61.0% 59.6% 2.08% 2.08% 2.08% 60.0% 58.6% 57.8% 59.0% 58.0% 55.6% 57.0% 56.0% 55.0% 57.0% 53.1% 54.0% 1.56% 53.0% 1.53% 52.0% 1.54% 1.50% 1.4
Slide 18: Building Noninterest Income
Building Noninterest Income 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 18
Slide 19: AI Innovation and Governance
AI Innovation and Governance 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 identif
Slide 20: Compelling Investment Opportunity
Compelling Investment Opportunity Seamlessly Completed and Integrated Our 2025 Merger in Less Than 1 Month Poised For Superior Organic Growth with Deepened Reach in Attractive Markets A Well-Positioned Liability Sensitive Balance Sheet with Enhanced Composition Positioned for Significant Acceleratio
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation As of Sept. 30, Jun. 30, Mar. 31, Dec. 31, Sept. 30, 2025 2025 2025 2024 2024 Reconciliation of GAAP Net Income to Operating Net Income: Net income (loss) $ 40,976 $ (20,293) $ 20,242 $ 20,371 $ 17,161 Restructuring and exit charges 994 - - - - Merger expenses 1,898 30,745 1,
Slide 22: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) Three Months Ended Sept. 30, Jun. 30, Mar. 31, Dec. 31, Sept. 30, 2025 2025 2025 2024 2024 Return on Equity Measures (dollars in thousands) Average stockholders' equity $ 1,513,892 $ 1,344,254 $ 1,254,373 $ 1,241,738 $ 1,234,724 Less: average preferred stock (110,927)
Slide 23: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) Three Months Ended Sept. 30, Jun. 30, Mar. 31, Dec. 31, Sept. 30, 2025 2025 2025 2024 2024 Efficiency Measures (dollars in thousands) Total noninterest expenses $ 58,673 $ 73,649 $ 39,305 $ 38,498 $ 38,641 Restructuring and exit charges (994) - - - - Merger expenses (
Slide 24: Non-GAAP Reconciliation (cont.)
Non-GAAP Reconciliation (cont.) As of Sept. 30, Jun. 30, Mar. 31, Dec. 31, Sept. 30, 2025 2025 2025 2024 2024 Capital Ratios and Book Value per Share (dollars in thousands, except for per share data) Stockholders equity $ 1,538,344 $ 1,496,431 $ 1,252,939 $ 1,241,704 $ 1,239,496 Less: preferred stoc
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