Connectone Bancorp, Inc. · NASDAQ:CNOB
Connectone Bancorp — Keefe, Bruyette & Woods Community Bank Investor Conference 2014
14 slides from Connectone Bancorp's conference presentation, Jul 29, 2014
Slide 1: Premier Financial Institution Serving the New Jersey/New York Metro Area
$ 3 Billion Premier Financial Institution Serving the New Jersey/New York Metro Area Keefe, Bruyette & Woods Community Bank Investor Conference July 29, 2014
Slide 2: Forward-Looking Statements
Forward - Looking Statements This presentation contains forward - looking statements . Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward - looking . These statements are o
Slide 3: Overview of ConnectOne Merger
Overview of ConnectOne Merger 3 □ Announced merger with Center Bancorp, Inc. in January. Closed on July 1 st and combined company maintains ConnectOne name and ticker (Nasdaq: CNOB) □ Combines two high performing New Jersey banks situated in some of the most affluent markets in the nation □ Creates
Slide 4: New ConnectOne Overview
New ConnectOne Overview (NASDAQ: CNOB) □ Approximately $3.1 billion in total assets, $2.4 billion in total deposits and $2.2 billion in total loans □ 24 branches across Bergen, Essex, Hudson, Mercer, Monmouth, Morris, and Union counties □ One of the largest New Jersey - based banking institutions wi
Slide 5: Post-Merger Integration Update
Post - Merger Integration Update 5 □ Employed a rigorous integration planning process, includes key employees from both companies □ Completed systems integration and transition to ConnectOne's operating platform □ Conversion of all branches to ConnectOne brand Successfully Executed & Delivered on Ag
Slide 6: Merger Combines Two of New Jersey's Highest Performing Banks
$708 $755 $890 $961 $1,006 $0 $300 $600 $900 $1,200 2010 2011 2012 2013 June 30, 2014 $7.0 $13.9 $17.5 $19.9 $20.3 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 2010 2011 2012 2013 *Six Months 2014 Annualized $494 $629 $849 $1,152 $1,323 $0 $300 $600 $900 $1,200 $1,500 2010 2011 2012 2013 June 30, 2014 $4.7 $6.
Slide 7: Commercially Oriented Loan Portfolio with Strong Core Funding Mix
Construction 4.0% Residential R.E. 11.5% Commercial R.E. 55.5% Commercial & Industrial 25.3% Consumer & Other 3.8% Construction 5.6% Residential R.E. 6.7% Commercial R.E. 67.1% Commercial & Industrial 17.9% Consumer & Other 2.7% Cost of Total Deposits: 0.57% CNOB Stand Alone Total: Yield on Loans: 4
Slide 8: Well Capitalized Institution with Strong Credit Quality
Well Capitalized Institution with Strong Credit Quality 8 Tangible Common Equity / Tangible Assets (%) (1) Total Risk Based Capital Ratio (%) NPAs / Loans + OREO (%) NCOs / Average Loans (%) Source: Company filings, peer data per SNL Financial Note: Peers include major exchange traded banks and thri
Slide 9: Strategy and Vision
Strategy and Vision 9 We position ourselves as “a better place to be” for clients, community, employees and shareholders by: □ Offering high - quality, personal service vs. out - of - market competitors and minimizing turnover □ Capitalizing on banking dislocation in our region □ Maintaining solid a
Slide 10: Investment in Infrastructure
Investment in Infrastructure 10 We are constantly investing and adapting our scalable infrastructure to strengthen our competitive position ConnectOne’s infrastructure strength is in state of the art technology versus brick and mortar Smart investments in technology have enabled us to be competitive
Slide 11: Organic Growth - What Sets Us Apart
Organic Growth - What Sets Us Apart 11 Attractive Operating Area • Operates in the NJ/NY Metro area • Based in Northern New Jersey, one of the wealthiest areas in the nation Our Lending Niche of $5 million to $15 million • Provides for a substantial, underserved, lucrative market Superior Client - F
Slide 12: Non-Organic Growth Opportunities
Non - Organic Growth Opportunities 12 “Seat at the Table” • Went public earlier last year, access to capital markets we never had before • ConnectOne merger provided immediate scale and more liquid trading currency Consolidating Industry • Valuations, including ours, can benefit from economies of sc
Slide 13: Executive Management Team
Executive Management Team 13 Frank Sorrentino III, Chairman and Chief Executive Officer □ Founding Chairman in 2005 and CEO since 2007 □ Recognized industry thought leader, ABA Board Member William S. Burns, Chief Financial Officer □ 34 years of experience in the financial services industry includin
Slide 14: A Compelling Investment Opportunity
Strategically compelling merger between two top performing NJ banks Highly attractive franchise with enhanced size, scale and geographic footprint in key markets in NJ/ NY Metro market Unique service culture: customer - centric, relationship - oriented banking approach Robust organic loan generator
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