Connectone bancorp, inc. (CNOB)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest income
Interest and fees on loans

268,089

255,479

243,952

228,855

214,825

201,524

195,163

186,705

177,843

168,824

160,480

155,042

150,971

147,982

143,067

137,540

131,196

125,493

120,806

116,628

96,872

77,669

58,839

40,889

40,320

40,132

40,046

39,937

39,459

38,921

38,035

36,952

36,488

36,320

36,501

36,964

0

0

0

Interest and dividends on investment securities:
Taxable

8,255

9,131

9,722

9,960

9,537

8,482

7,948

7,489

7,138

6,799

6,429

6,508

6,674

7,266

8,205

9,100

9,895

10,665

11,481

11,728

11,877

12,024

12,098

12,298

12,274

12,189

11,995

11,926

12,153

12,269

12,446

12,672

12,988

13,278

12,543

12,134

0

0

0

Tax-exempt

3,615

3,929

4,004

3,892

3,589

3,276

3,291

3,376

3,429

3,569

3,615

3,733

3,898

3,827

3,750

3,663

3,550

3,550

3,564

3,555

3,567

3,740

3,957

4,216

4,402

4,422

4,324

4,065

3,810

3,507

3,208

2,860

2,385

1,700

1,004

516

0

0

0

Dividends

1,721

1,778

1,864

1,892

1,984

2,012

1,956

1,788

1,576

1,421

1,318

1,308

1,388

1,410

1,358

1,303

1,213

1,081

835

887

743

636

743

520

505

523

519

530

549

567

576

585

594

629

651

654

0

0

0

Interest on federal funds sold and other short-term investments

1,309

1,167

1,157

1,062

932

839

763

750

729

711

770

861

868

756

592

374

269

178

215

0

0

-

0

-

-

2

5

9

0

-

0

0

-

-

-

0

-

-

-

Total interest income

282,989

271,484

260,699

245,661

230,867

216,133

209,121

200,108

190,715

181,324

172,612

167,452

163,799

161,241

156,972

151,980

146,123

140,967

136,863

133,020

113,240

94,207

75,725

57,923

57,501

57,268

56,887

56,464

55,981

55,272

54,272

53,073

52,455

51,927

50,699

50,268

0

0

0

Interest expense
Deposits

67,431

65,570

61,696

55,026

47,599

39,936

34,491

29,923

26,249

23,670

21,852

20,898

19,837

18,667

17,307

15,803

14,670

13,756

12,899

11,969

9,969

8,260

6,672

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Interest on certificates of deposit $100 or more

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

907

1,036

1,202

1,215

1,227

1,235

0

0

0

Interest on other deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

4,578

4,513

4,459

4,305

4,346

4,522

0

0

0

Borrowings

18,910

19,595

19,954

20,030

19,248

18,982

17,768

16,266

14,391

12,585

12,092

11,881

11,996

12,429

12,471

12,280

11,272

10,058

8,692

7,960

7,190

6,548

6,371

5,788

5,824

5,863

5,883

6,002

6,176

6,368

6,472

6,542

6,565

6,578

7,156

7,734

0

0

0

Total interest expense

86,341

85,165

81,650

75,056

66,847

58,918

52,259

46,189

40,640

36,255

33,944

32,779

31,833

31,096

29,778

28,083

25,942

23,814

21,591

19,929

17,159

14,808

13,035

11,057

11,075

11,082

11,145

11,261

11,460

11,776

12,036

12,170

12,305

12,177

12,729

13,491

0

0

0

Net interest income

196,648

186,319

179,049

170,605

164,020

157,215

156,862

153,919

150,075

145,069

138,668

134,673

131,966

130,145

127,194

123,897

120,181

117,153

115,272

113,091

96,081

79,399

62,690

46,866

46,426

46,186

45,742

45,203

44,521

43,496

42,236

40,903

40,150

39,750

37,970

36,777

0

0

0

Provision for loan losses

19,600

8,100

8,700

7,800

7,800

21,100

22,000

22,350

22,700

6,000

29,200

34,500

36,800

38,700

18,555

15,980

13,780

12,605

10,024

7,149

5,883

4,683

0

0

0

-

-

-

218

325

525

1,320

1,677

2,448

3,455

3,216

0

0

0

Net interest income after provision for loan losses

177,048

178,219

170,349

162,805

156,220

136,115

134,862

131,569

127,375

139,069

109,468

100,173

95,166

91,445

108,639

107,917

106,401

104,548

105,248

105,942

90,198

74,716

60,131

45,607

45,451

45,836

45,642

44,878

44,303

43,171

41,711

39,583

38,473

37,302

34,515

33,561

0

0

0

Noninterest income
Service charges, commissions and fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,807

1,853

1,893

1,896

1,950

1,904

0

0

0

Annuity and insurance commissions

-

-

-

-

-

-

-

-

-

-

0

-

190

191

173

182

196

242

292

309

368

382

450

448

489

489

405

358

260

204

166

163

148

110

84

65

0

0

0

Income on bank owned life insurance

3,629

3,484

3,364

3,200

3,142

3,094

3,079

3,313

3,252

3,181

3,118

2,748

2,650

2,559

2,463

2,236

2,008

1,782

1,553

1,566

1,434

1,303

1,172

1,036

1,054

1,364

1,386

1,360

1,332

1,018

994

1,014

1,029

1,038

1,209

1,214

0

0

0

Loan related fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

291

405

455

432

0

0

0

-

-

Net gains on sale of loans held-for-sale

886

512

373

97

63

61

619

667

704

708

205

211

218

232

198

205

248

327

314

316

260

182

183

144

192

294

429

487

496

484

0

0

0

-

-

-

-

-

-

Bargain gain on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Deposit, loan and other income

4,526

4,025

3,507

3,067

2,754

2,584

2,550

2,595

2,653

2,680

2,743

2,728

2,832

2,704

2,506

3,024

2,719

2,667

2,995

2,273

2,561

2,813

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gains on equity securities

369

294

398

162

-43

-266

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (losses) gains on sale of investment securities

-259

-280

0

0

0

-

-

-

-

1,596

1,596

5,727

5,830

4,234

5,371

3,307

3,425

3,931

3,512

1,556

1,909

2,818

3,177

3,409

3,435

2,363

1,623

2,177

2,230

2,882

3,401

3,820

4,110

3,976

4,176

4,222

0

0

0

Insurance recovery

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other-than-temporary impairment losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

696

836

870

371

303

305

342

326

965

0

0

0

Net other-than-temporary impairment losses on investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

326

965

0

0

0

Net investment securities gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,394

2,012

3,030

3,517

3,805

3,634

3,850

3,257

0

0

0

Total noninterest income

9,151

8,035

7,362

6,525

5,924

5,473

5,924

6,408

6,489

8,204

7,752

11,572

11,720

9,920

12,167

10,027

0

-

0

0

-

7,498

7,174

7,544

7,527

6,851

6,111

7,203

7,100

7,210

8,060

7,708

7,836

7,478

7,747

6,946

0

0

0

Total other income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

0

0

0

-

312

279

129

117

219

274

0

0

0

Noninterest expenses
Salaries and employee benefits

51,599

49,021

46,149

43,903

41,839

39,556

38,930

37,566

36,406

34,878

33,106

32,087

31,271

30,726

30,347

29,461

28,656

27,685

26,551

25,889

22,125

18,829

16,152

13,156

13,307

13,465

13,277

13,223

12,943

12,571

12,275

11,930

11,778

11,527

11,339

11,218

0

0

0

Occupancy and equipment

10,688

9,712

9,333

8,990

8,664

8,312

8,259

8,091

8,051

8,163

8,336

8,416

8,579

8,571

8,251

8,118

7,752

7,587

7,421

7,286

6,314

5,312

4,639

3,697

3,692

3,518

3,498

3,398

3,193

2,987

2,746

2,720

2,781

2,947

3,000

3,021

0

0

0

FDIC insurance

2,112

2,011

1,981

3,080

3,020

3,115

3,285

3,390

3,440

3,485

3,535

3,440

3,240

2,940

2,530

2,320

2,145

2,110

2,061

2,030

1,878

1,618

1,386

1,165

1,085

1,098

1,097

1,106

1,168

1,154

1,189

1,225

1,483

1,712

1,894

2,024

0

0

0

Professional and consulting

5,871

5,506

5,207

4,599

4,054

3,568

3,110

2,959

2,868

2,863

3,093

3,020

2,986

2,979

2,984

3,153

3,168

2,951

2,615

2,309

1,900

1,661

1,401

1,223

1,147

1,111

1,061

986

1,050

1,077

1,168

1,210

1,161

1,156

958

1,061

0

0

0

Stationery and printing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

344

348

351

368

341

358

0

0

0

Marketing and advertising

1,447

1,353

1,324

1,043

983

980

962

995

947

996

1,083

1,151

1,112

1,040

940

894

837

847

856

818

652

498

323

208

243

304

292

262

256

186

166

132

141

131

152

227

0

0

0

Data processing

4,821

4,503

4,432

4,476

4,428

4,421

4,410

4,484

4,542

4,543

4,579

4,405

4,266

4,141

4,053

4,008

3,827

3,703

3,641

3,586

3,130

2,575

1,984

1,444

1,414

1,422

1,396

1,400

1,419

1,419

1,404

1,338

1,326

1,312

1,309

1,349

0

0

0

Loss on fixed assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Repurchase agreement prepayment and termination fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Other real estate owned, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

548

483

461

398

19

62

0

0

0

Merger expenses

10,887

8,955

8,459

0

0

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

12,388

0

0

0

-

-

-

0

-

0

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of core deposit intangibles

1,696

1,408

1,212

1,017

822

627

652

676

700

724

748

772

796

820

845

869

893

917

947

0

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other components of net periodic pension expense

116

114

93

71

49

28

84

139

195

250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in valuation allowance, loans held-for-sale

-

-

-

-

-

-

-

-

-

15,592

15,325

12,325

2,600

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of equity securities

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expenses

8,940

8,598

8,533

8,652

8,821

8,512

8,362

7,640

7,308

7,265

7,148

7,309

7,187

6,986

6,884

6,761

6,531

6,287

5,388

5,349

4,947

4,493

5,102

4,475

4,356

4,330

4,484

4,420

4,447

4,309

3,902

3,862

3,833

3,892

3,651

3,645

0

0

0

Total noninterest expenses

99,224

92,228

88,355

86,106

81,577

70,454

68,696

69,207

77,449

78,759

77,444

73,354

62,403

58,507

56,834

55,584

56,206

54,484

56,070

68,169

59,939

54,804

46,099

26,904

26,236

25,278

25,012

26,314

25,928

25,197

25,226

23,248

23,315

23,443

22,663

23,402

0

0

0

Income before income tax expense

86,975

94,026

89,356

83,224

80,567

71,134

72,090

68,770

56,415

68,514

39,776

38,391

44,483

42,858

62,516

61,287

61,015

61,237

60,068

46,017

36,791

27,410

21,206

26,247

26,742

27,409

26,741

25,767

25,475

25,184

24,545

24,043

22,994

21,337

19,599

17,105

0

0

0

Income tax expense

19,185

20,631

18,072

13,734

12,831

10,782

19,830

23,335

20,824

25,294

9,160

8,996

11,912

11,776

19,841

19,626

19,692

19,926

20,303

15,328

12,245

8,845

5,680

7,393

7,343

7,484

7,331

6,997

7,275

7,677

7,885

8,135

7,855

7,411

7,156

6,350

0

0

0

Net income

67,790

73,395

71,284

69,490

67,736

60,352

52,260

45,435

35,591

43,220

30,616

29,395

32,571

31,082

42,675

41,661

41,323

41,311

39,765

30,689

24,546

18,565

15,526

18,854

19,399

19,925

19,410

18,770

18,200

17,507

16,660

15,908

15,139

13,926

12,443

10,755

0

0

0

Less: Preferred stock dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

22

50

78

106

112

112

112

112

112

113

113

113

141

140

140

196

281

637

754

815

820

582

583

0

0

0

Net income available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

31,060

42,625

41,583

41,217

41,199

39,653

30,577

24,434

18,453

15,413

18,741

19,286

19,784

19,270

18,630

18,004

17,226

16,023

15,154

14,324

13,106

11,861

10,172

0

0

0

Earnings per common share
Earnings per common share:
Basic

0.15

0.60

0.61

0.54

0.33

0.58

0.62

0.54

0.13

0.33

0.41

0.24

0.37

-0.08

0.39

0.36

0.35

0.31

0.36

0.35

0.35

0.20

0.06

0.27

0.27

0.30

0.31

0.30

0.30

0.27

0.27

0.26

0.25

0.19

0.22

0.21

0.18

0.14

0.13

Diluted

0.15

0.59

0.61

0.54

0.33

0.58

0.61

0.54

0.13

0.32

0.41

0.24

0.37

-0.08

0.39

0.36

0.34

0.31

0.36

0.35

0.34

0.20

0.06

0.26

0.27

0.30

0.31

0.30

0.30

0.27

0.27

0.26

0.25

0.19

0.22

0.21

0.18

0.14

0.13

Weighted average common shares outstanding
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,045

29,868

29,757

-

29,636

16,372

16,350

16,350

16,349

16,348

16,348

16,347

16,347

16,333

16,332

16,311

16,290

16,290

16,290

14,649

14,574

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,335

30,231

30,149

-

30,108

16,430

16,405

16,408

16,385

16,375

16,373

16,361

16,362

16,341

16,338

16,329

16,313

16,315

16,300

14,649

14,576

Dividends per common share

-

-

-

-

-

-

-

-

0.07

-

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.09

0.07

0.05

0.05

0.08

0.05

0.03

0.03

-

0.03

0.03

0.03

0.03

0.03