Connectone Bancorp | 10-Q: FY2025 Q3 Revenue: USD 207.12 M

Revenue: As of FY2025 Q3, the actual value is USD 207.12 M.

EPS: As of FY2025 Q3, the actual value is USD 0.78, beating the estimate of USD 0.6633.

EBIT: As of FY2025 Q3, the actual value is USD -44.76 M.

Segment Revenue

• Interest Income: $187.7 million for the three months ended September 30, 2025, compared to $130.2 million for the same period in 2024. For the nine months ended September 30, 2025, interest income was $458.5 million, compared to $389.9 million for the same period in 2024.

Operational Metrics

• Net Income: $40.9 million for the three months ended September 30, 2025, compared to $17.2 million for the same period in 2024. For the nine months ended September 30, 2025, net income was $40.9 million, compared to $53.4 million for the same period in 2024.
• Provision for Credit Losses: $5.5 million for the three months ended September 30, 2025, compared to $3.8 million for the same period in 2024. For the nine months ended September 30, 2025, the provision was $44.7 million, compared to $10.3 million for the same period in 2024.
• Noninterest Income: $19.4 million for the three months ended September 30, 2025, compared to $4.7 million for the same period in 2024. For the nine months ended September 30, 2025, noninterest income was $29.0 million, compared to $13.0 million for the same period in 2024.
• Noninterest Expenses: $58.7 million for the three months ended September 30, 2025, compared to $38.6 million for the same period in 2024. For the nine months ended September 30, 2025, noninterest expenses were $171.6 million, compared to $113.3 million for the same period in 2024.

Cash Flow

• Operating Cash Flow: $58.7 million for the nine months ended September 30, 2025, compared to $28.5 million for the same period in 2024.

Unique Metrics

• Loans Receivable: $11.3 billion as of September 30, 2025, compared to $8.3 billion as of December 31, 2024.
• Deposits: $11.4 billion as of September 30, 2025, compared to $7.8 billion as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue focusing on expanding its loan portfolio and increasing deposits. The recent acquisition of The First of Long Island Corporation is expected to contribute significantly to this growth.
• Non-Core Business: The company has not explicitly mentioned any plans related to divestitures or emerging segments in the provided reference.
• Priority: The company emphasizes strategies with concrete projections, such as the integration of the acquired assets from The First of Long Island Corporation, which is expected to enhance the company’s market presence and operational efficiency.