ConnectOne Bancorp Inc reports results for the quarter ended June 30 - Earnings Summary

ConnectOne Bancorp

29/07/2025 14:31

ConnectOne Bancorp Inc CNOB.OQ reported quarterly adjusted earnings of 55 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 46 cents.  The mean expectation of four analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 51 cents to 60 cents per share.

Revenue rose 28.4% to $78.88 million from a year ago; analysts expected $74.83 million.

ConnectOne Bancorp Inc's reported EPS for the quarter was a loss of 52 cents​.

The company reported a quarterly loss of $21.8 million.

ConnectOne Bancorp Inc shares had risen by 5.9% this quarter and gained 7.0% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 10.4% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is  "buy."

Wall Street's median 12-month price target for ConnectOne Bancorp Inc is $30.00, about 18.3% above its last closing price of $24.52

This summary was machine generated from LSEG data July 29 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
0.55
0.55
Met
Mar. 31 2025
0.46
0.51
Beat
Dec. 31 2024
0.43
0.52
Beat
Sep. 30 2024
0.44
0.43
Missed