Connectone Bancorp, Inc. (CNOB): Business Model Canvas [Jan-2025 Mis à jour]

Plongez dans le plan stratégique de Connectone Bancorp, Inc. (CNOB), une institution financière dynamique qui mélange de manière transparente les prouesses bancaires traditionnelles avec l'innovation numérique de pointe. Cette toile complète du modèle commercial révèle comment CNOB crée des expériences bancaires personnalisées, exploite des infrastructures technologiques robustes et cible divers segments de clients des petites entreprises aux investisseurs commerciaux régionaux. En comprenant leurs propositions de valeur uniques et leur approche stratégique, nous découvrirons les mécanismes complexes qui stimulent le succès et l'avantage concurrentiel de cette puissance bancaire régionale dans le paysage financier complexe d'aujourd'hui.

Connectone Bancorp, Inc. (CNOB) - Modèle d'entreprise: partenariats clés

Réseaux commerciaux locaux et régionaux

En 2024, Connectone Bancorp maintient des partenariats stratégiques avec:

Type de réseau	Nombre de partenariats	Couverture géographique
Association des affaires du New Jersey	12 partenariats actifs	Région métropolitaine du New Jersey
Chambre de commerce régionale	8 réseaux collaboratifs	Région de Tri-State (NJ, NY, PA)

Associations de petites et moyennes entreprises

Connectone Bancorp collabore avec les réseaux de PME à travers:

• Programmes de prêt de l'administration des petites entreprises (SBA)
• Groupes de soutien à l'entrepreneuriat local
• Associations professionnelles spécifiques à l'industrie

Fournisseurs de services technologiques

Les partenariats technologiques clés comprennent:

Fournisseur	Type de service	Année de mise en œuvre
Finerv	Technologie bancaire de base	2022
Jack Henry & Associés	Solutions bancaires numériques	2023

Plates-formes de collaboration fintech

Connectone Bancorp's FinTech Partnerships:

• Plaid pour l'intégration des données financières
• Mélange pour les plateformes de prêt numérique
• Stripe pour le traitement des paiements

Réseaux de prêts immobiliers et commerciaux

Partenariats de réseaux de prêt:

Type de réseau	Portée du partenariat	Volume de transaction annuel
Association commerciale des courtiers immobiliers	Réseau de référence de prêt	275 millions de dollars
Consortium régional de développement de propriétés	Financement des propriétés commerciales	189 millions de dollars

Connectone Bancorp, Inc. (CNOB) - Modèle d'entreprise: Activités clés

Services bancaires commerciaux et personnels

Au quatrième trimestre 2023, Connectone Bancorp a déclaré un actif total de 15,6 milliards de dollars. La banque propose une gamme complète de services bancaires avec les mesures clés suivantes:

Catégorie de service	Volume total	Segment de marché
Prêts commerciaux	8,3 milliards de dollars	Région du New Jersey / New York
Comptes bancaires personnels	127 500 comptes actifs	Principalement région du nord-est

Origination du prêt et souscription

Le processus de création de prêt de Connectone se concentre sur:

• Prêts immobiliers commerciaux
• Prêts aux petites entreprises
• Originations hypothécaires résidentielles

Type de prêt	Volume total d'origine	Taille moyenne du prêt
Immobilier commercial	5,6 milliards de dollars	2,3 millions de dollars
Prêts aux petites entreprises	1,2 milliard de dollars	$375,000

Gestion de la plate-forme bancaire numérique

L'infrastructure bancaire numérique comprend:

• Application bancaire mobile
• Traitement des transactions en ligne
• Infrastructure de cybersécurité

Métrique de la plate-forme numérique	Mesures
Utilisateurs de la banque mobile	89 400 utilisateurs actifs
Volume annuel de transaction numérique	14,2 millions de transactions

Gestion des risques et conformité

Connectone maintient des protocoles de gestion des risques robustes avec:

• Équipe de conformité dédiée
• Technologies d'évaluation des risques avancés
• Audits réglementaires réguliers

Métrique de gestion des risques	Indicateur de performance
Ratio de prêts non performants	1.42%
Ratio de capital réglementaire	13.6%

Développement de la relation client

Les stratégies d'engagement client comprennent:

• Services bancaires personnalisés
• Programmes de gestion des relations
• Initiatives de rétention des clients

Métrique de la relation client	Données de performance
Taux de rétention de la clientèle	87.3%
Valeur à vie moyenne du client	$15,200

Connectone Bancorp, Inc. (CNOB) - Modèle d'entreprise: Ressources clés

Forte infrastructure bancaire régionale

Depuis le quatrième trimestre 2023, Connectone Bancorp exploite 23 succursales à service complet principalement situées dans le New Jersey. Les actifs bancaires totaux ont déclaré 7,83 milliards de dollars avec une concentration de marché régional dans le nord-est des États-Unis.

Métrique d'infrastructure	Valeur quantitative
Succursales bancaires totales	23
Focus géographique primaire	New Jersey
Total des actifs bancaires	7,83 milliards de dollars

Technologie des banques numériques avancées

Connectone maintient une plate-forme bancaire numérique complète avec les capacités technologiques suivantes:

• Application des banques mobiles avec surveillance des transactions en temps réel
• Système de gestion des comptes en ligne
• Plateforme de création de prêt numérique
• Infrastructure de cybersécurité intégrée

Équipe de gestion financière expérimentée

Composition de l'équipe de leadership à partir de 2024:

Position	Années d'expérience
PDG Frank Sorrentino III	25 ans et plus
CFO William Sims	20 ans et plus
Chef des risques	15 ans et plus

Réserves de capital financier robustes

Métriques des capitaux financiers pour le quatrième trimestre 2023:

• Ratio de capital de niveau 1: 12,64%
• Ratio de capital total basé sur les risques: 13,90%
• Ratio d'actions communes tangibles: 8,92%

Base de données de relations clients approfondies

Métriques de la relation client:

Segment de clientèle	Nombre de comptes
Clients bancaires commerciaux	4,200+
Clients bancaires personnels	85,000+
Utilisateurs de la banque numérique	65% de la clientèle totale

Connectone Bancorp, Inc. (CNOB) - Modèle d'entreprise: propositions de valeur

Expériences bancaires personnalisées

Depuis le quatrième trimestre 2023, Connectone Bancorp a démontré une approche personnalisée avec:

Métrique	Valeur
Actif total	15,2 milliards de dollars
Investissement de gestion de la relation client	3,7 millions de dollars
Fréquence moyenne d'interaction client	12,4 fois par an

Taux d'intérêt concurrentiels pour les entreprises

Taux de prêt d'entreprise et détails du portefeuille:

Catégorie de prêt	Fourchette de taux d'intérêt	Portefeuille total
Prêts commerciaux	5.75% - 7.25%	4,6 milliards de dollars
Prêts aux petites entreprises	6.25% - 8.50%	1,2 milliard de dollars

Solutions bancaires numériques rationalisées

• Investissement de la plate-forme bancaire numérique: 5,2 millions de dollars
• Utilisateurs de la banque mobile: 127 000
• Volume de transactions en ligne: 3,4 millions de transactions mensuelles

Expertise sur le marché local

Concentration du marché géographique:

Région	Décompte des succursales	Part de marché
New Jersey	62	12.3%
Metro de New York	24	7.6%

Offres de produits financiers flexibles

Métriques de la diversité des produits:

• Types totaux de produits: 37
• Produits commerciaux personnalisés: 14
• Produits de la banque de consommation: 23

Connectone Bancorp, Inc. (CNOB) - Modèle d'entreprise: relations clients

Gestionnaires de relations dédiées

Depuis 2024, Connectone Bancorp fournit Gestion des relations personnalisées à travers ses segments bancaires.

Segment de clientèle	Managers dévoués	Taille moyenne du portefeuille
Banque commerciale	47 gestionnaires de relations	18,3 millions de dollars par manager
Banque des petites entreprises	32 gestionnaires de relations	4,7 millions de dollars par manager
Banque personnelle	23 gestionnaires de relations	2,1 millions de dollars par manager

Plates-formes bancaires numériques en libre-service

Les plateformes numériques de Connectone Bancorp offrent des services bancaires en ligne et mobiles complets.

• Téléchargements d'applications bancaires mobiles: 127 500
• Banque en ligne utilisateurs actifs: 89 300
• Volume de transaction numérique: 342 millions de dollars trimestriels

Support client personnalisé

La banque maintient support client multicanal avec des approches de service spécialisées.

Canal de support	Temps de réponse moyen	Taux de satisfaction client
Support téléphonique	7,2 minutes	92.4%
Chat en ligne	4,5 minutes	88.7%
Assistance par e-mail	12,6 heures	85.3%

Engagement axé sur la communauté

Connectone Bancorp démontre une forte implication de la communauté locale.

• Investissement communautaire: 3,2 millions de dollars par an
• Sponsors de l'événement local: 47 événements
• Programmes d'éducation financière: 12 programmes annuels

Services de conseil financier réguliers

La banque propose des offres de conseil financier complètes sur les segments de clientèle.

Service consultatif	Nombre de clients servis	Valeur consultative moyenne
Gestion de la richesse	3 750 clients	1,9 million de dollars par client
Planification de la retraite	2 600 clients	750 000 $ par client
Conseil en investissement	1 850 clients	1,2 million de dollars par client

Connectone Bancorp, Inc. (CNOB) - Modèle d'entreprise: canaux

Site Web de banque en ligne

Connectone Bancorp propose une plate-forme bancaire en ligne complète avec les fonctionnalités suivantes:

• Total des utilisateurs bancaires en ligne actifs: 87 342 auprès du quatrième trimestre 2023
• Trafic mensuel du site Web: 215 678 visiteurs uniques
• Volume de transaction numérique: 342 millions de dollars par trimestre

Métriques bancaires en ligne	2023 données
Time de disponibilité du site Web	99.97%
Connexions quotidiennes moyennes	12,456
Taux d'ouverture du compte en ligne	24.3%

Application bancaire mobile

Statistiques de la plate-forme bancaire mobile:

• Téléchargements totaux d'applications mobiles: 65 210
• Utilisateurs de banque mobile actifs: 53 789
• Pourcentage de transaction mobile: 42% du total des transactions numériques

Performance de l'application mobile	2023 métriques
Note de l'App Store	4.6/5
Utilisateurs actifs mensuels	48,675
Volume de dépôt mobile	127 millions de dollars trimestriels

Emplacements de branche physiques

Détails du réseau de branche:

• Branches physiques totales: 64
• Zones de service primaires: New Jersey, New York
• Trafficage à pied de la succursale quotidienne moyen: 876 clients

Répartition des succursales	Compte de localisation
Branches du New Jersey	48
Succursales de New York	16
Taille moyenne de la branche	3 200 pieds carrés

Centres d'appels de service client

Métriques des canaux de support client:

• Représentants du centre d'appels: 142
• Volume d'appel quotidien moyen: 1 256 appels
• Temps de réponse du service client: 2,4 minutes

Performance du centre d'appels	2023 statistiques
Taux de satisfaction client	92.5%
Durée d'appel moyenne	7,6 minutes
Premier taux de résolution d'appel	86%

Plateformes de communication numérique

Canaux de fiançailles numériques:

• Abonnés des médias sociaux: 45 678
• Abonders du marketing par e-mail: 92 345
• Temps de réponse de la communication numérique: 3,2 heures

Métriques de plate-forme numérique	2023 données
LinkedIn adepte	18,456
Abonnés Twitter	12,345
Abonnés Facebook	14,877

Connectone Bancorp, Inc. (CNOB) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises

Depuis le quatrième trimestre 2023, Connectone Bancorp dessert environ 3 750 clients commerciaux de taille moyenne à moyenne dans les régions du New Jersey et de New York.

Segment d'entreprise	Nombre de clients	Taille moyenne du prêt
Services professionnels	1,125	$475,000
Commerces de détail	1,250	$325,000
Startups technologiques	625	$650,000

Entreprises commerciales locales

Connectone Bancorp se concentre sur les entreprises commerciales locales avec un portefeuille total de 2 500 clients commerciaux actifs.

• Solde moyen des prêts commerciaux: 1,2 million de dollars
• Portfolio total de prêts commerciaux: 3,1 milliards de dollars
• Taux d'approbation du prêt pour les entreprises locales: 68%

Clients bancaires de détail individuels

Au 31 décembre 2023, Connectone Bancorp dessert 85 750 clients bancaires de détail individuels.

Type de client	Nombre de comptes	Solde moyen du compte
Vérification personnelle	42,500	$12,750
Économies personnelles	35,250	$22,500

Fournisseurs de services professionnels

Connectone Bancorp possède un segment dédié aux fournisseurs de services professionnels, représentant 15% de sa clientèle totale.

• Clients de services professionnels totaux: 1 875
• Secteurs desservis: juridique, comptabilité, médical, consultant
• Valeur de la relation bancaire commerciale moyenne: 750 000 $

Investisseurs immobiliers commerciaux régionaux

Les investisseurs immobiliers commerciaux constituent une partie importante du portefeuille de prêt de Connectone Bancorp.

Catégorie d'investissement immobilier	Nombre d'investisseurs	Portefeuille d'investissement total
Propriétés résidentielles	625	1,5 milliard de dollars
Propriétés commerciales	425	2,3 milliards de dollars
Développements à usage mixte	250	875 millions de dollars

Connectone Bancorp, Inc. (CNOB) - Modèle d'entreprise: Structure des coûts

Maintenance des infrastructures technologiques

À partir du rapport annuel de 2023, Connectone Bancorp a alloué 4,2 millions de dollars à l'infrastructure technologique et à la maintenance de la plate-forme bancaire numérique.

Catégorie de coûts technologiques	Dépenses annuelles
Systèmes bancaires de base	1,7 million de dollars
Infrastructure de cybersécurité	1,3 million de dollars
Plate-forme bancaire numérique	1,2 million de dollars

Compensation et avantages sociaux des employés

La rémunération totale des employés pour 2023 était de 52,3 millions de dollars, ce qui représente 33,7% du total des dépenses d'exploitation.

• Salaire et salaire: 41,6 millions de dollars
• Assurance maladie: 6,2 millions de dollars
• Prestations de retraite: 4,5 millions de dollars

Dépenses de fonctionnement de la succursale

Les coûts d'exploitation annuels ont totalisé 12,8 millions de dollars en 2023.

Catégorie de dépenses de succursale	Coût annuel
Loyer et installations	6,4 millions de dollars
Services publics	2,1 millions de dollars
Entretien	4,3 millions de dollars

Coûts de conformité réglementaire

Les dépenses de conformité pour 2023 étaient de 3,9 millions de dollars.

• Représentation juridique et réglementaire: 2,1 millions de dollars
• Formation d'audit et de conformité: 1,8 million de dollars

Frais de marketing et d'acquisition des clients

Le budget marketing de 2023 était de 3,5 millions de dollars.

Canal de marketing	Dépense
Marketing numérique	1,6 million de dollars
Médias traditionnels	1,1 million de dollars
Parrainages communautaires	0,8 million de dollars

Connectone Bancorp, Inc. (CNOB) - Modèle d'entreprise: Strots de revenus

Intérêt des prêts

Au troisième rang 2023, Connectone Bancorp a rapporté 160,9 millions de dollars de revenus d'intérêts totaux. La répartition du portefeuille de prêts est la suivante:

Catégorie de prêt	Solde total	Pourcentage de portefeuille
Immobilier commercial	2,87 milliards de dollars	52.3%
Commercial & Prêts industriels	1,42 milliard de dollars	25.8%
Prêts hypothécaires résidentiels	685 millions de dollars	12.5%

Frais de service bancaire

En 2022, Connectone Bancorp a généré 26,4 millions de dollars en frais de service et frais. Les services clés générateurs de frais comprennent:

• Frais de maintenance du compte
• Frais de traitement des transactions
• Frais de découvert
• Frais de transaction ATM

Produits de prêt commercial

Les revenus de prêts commerciaux pour 2022 ont atteint 47,6 millions de dollars. Les offres de produits comprennent:

• Secteur de crédit commercial
• Prêts à terme
• Prêts SBA
• Financement de l'équipement

Services de banque d'investissement

Services de banque d'investissement et de gestion de la patrimoine générés 12,3 millions de dollars de revenus pour 2022, avec des services dont:

• Avis d'entreprise
• Levage de capitaux
• Gestion de la richesse
• Services de confiance

Revenus de traitement des transactions

Les revenus de traitement des transactions pour 2022 ont totalisé 8,7 millions de dollars, dérivé de:

• Frais de transaction de carte de crédit
• Transferts de fonds électroniques
• Services de transfert de fil
• Traitement des paiements

ConnectOne Bancorp, Inc. (CNOB) - Canvas Business Model: Value Propositions

You're looking at the core reasons why ConnectOne Bancorp, Inc. attracts and keeps its clients in the competitive New York-metro banking space. The value proposition centers on delivering sophisticated commercial banking with a personal touch, backed by solid financial footing.

High-touch, client-centric commercial banking service

ConnectOne Bancorp, Inc. emphasizes a relationship-driven approach, which is crucial when dealing with complex commercial needs. This is supported by a dedicated team, having grown to about 750 employees as of the third quarter of 2025, demonstrating an investment in personnel to maintain that close service level. The successful integration of the First of Long Island Bank merger has bolstered client retention, which is a direct measure of client satisfaction with the service model.

Full suite of commercial lending and deposit products

The offering isn't limited; ConnectOne Bancorp, Inc. provides a comprehensive set of tools for small to middle-market businesses. This includes a healthy and diversified pipeline spanning Commercial & Industrial (C&I), Commercial Real Estate (CRE), construction, and SBA lending. The balance sheet reflects this scale, with loans receivable reaching $11.3 billion and total deposits at $11.4 billion as of September 30, 2025. Furthermore, the Net Interest Margin (NIM) has widened, hitting 3.11% sequentially, with the spot margin at quarter-end already exceeding 3.20%.

Specialized franchise financing through BoeFly

Through its fintech subsidiary, BoeFly, Inc., ConnectOne Bancorp, Inc. offers a specialized value proposition in franchise lending. BoeFly structures multi-unit franchise financing based on the franchisee's entire growth plan, moving beyond the traditional, slower model of funding only one location at a time. This platform has historically supported more than $5 billion of financing transactions across various categories, including franchise financing. Management has signaled a focus on this area, expecting the SBA segment, which includes BoeFly activity, to contribute significantly to noninterest income in 2026.

Premier New York-metro community bank scale

The recent merger transformed ConnectOne Bancorp, Inc. into a larger regional player focused on the New York-metro area. As of September 30, 2025, total assets stood at $14.0 billion, a significant increase from $9.9 billion at the end of 2024, largely due to the merger. This scale is supported by 61 locations and over 750 banking professionals. Here's the quick math: this translates to roughly $19 million in assets per employee, showing efficiency alongside scale.

Strong credit quality with nonperforming assets at 0.28%

A core value proposition is the demonstrated strength of the loan portfolio, supported by consistent underwriting standards. The nonperforming assets ratio was reported at a very low 0.28% of total assets as of the end of the third quarter of 2025. This low level of troubled assets is a direct result of prudent portfolio oversight and successful workout activity, such as the resolution of CRE relationships totaling $22.0 million during the quarter.

The following table summarizes the key financial metrics underpinning the scale and credit quality propositions as of the third quarter of 2025:

Financial Metric	Value as of September 30, 2025	Context/Comparison Point
Total Assets	$14.0 billion	Up from $9.9 billion at December 31, 2024
Loans Receivable	$11.3 billion	Up from $8.3 billion at December 31, 2024
Nonperforming Assets (NPA) Ratio	0.28%	Historical low, down from 0.58% at December 31, 2024
Net Interest Margin (NIM)	3.11% (Sequential)	Up from 2.67% year-over-year
Tangible Common Equity Ratio (TCE)	8.36%	Strengthened post-merger
Annualized Net Charge-offs (NCOs)	Below 0.20%	Indicates strong credit performance

You can see the focus on credit discipline is a major part of the offering; it's not just about lending, it's about lending well. Also, the company is actively managing its franchise financing channel, BoeFly, to drive future noninterest income, which is a key differentiator from traditional community banks.

Finance: draft the Q4 2025 projection for loan origination volume by next Tuesday.

ConnectOne Bancorp, Inc. (CNOB) - Canvas Business Model: Customer Relationships

You're focused on building deep, sticky relationships, which is exactly what ConnectOne Bancorp, Inc. emphasizes, especially after its transformational merger with The First of Long Island Corporation on June 1, 2025.

Dedicated relationship managers for commercial clients

ConnectOne Bancorp, Inc. believes attracting quality business relationship officers is the key to client acquisition and retention. This strategy supports a 'branch-lite' model, where officers frequently go to the client rather than expecting the client to always come to a physical location. Following the merger, the combined franchise has more than 700 banking professionals across 61 locations, all geared toward servicing small to middle-market businesses. This structure is designed to foster deep connections within the commercial segment.

High-touch advisory model for complex transactions

The bank positions itself as a high-performing commercial bank, focusing on a full suite of lending products. This high-touch approach is evident in the strong pipeline across Commercial & Industrial (C&I), Construction, SBA, and Residential lending. The scale of the business reflects this focus: as of the third quarter of 2025, total loans stood at $11.2 billion, supporting a total asset base of nearly $14 billion. The relationship model helps maintain sound credit quality, with nonperforming assets reported at just 0.28% in Q3 2025.

Here's a quick look at the relationship scale and quality as of late 2025:

Metric	Value (As of Q3 2025)	Context
Total Deposits	$11.3 billion	Reflects success in core deposit gathering post-merger.
Loan to Deposit Ratio	99%	Indicates a balanced funding profile as of Q2 2025.
Noninterest-Bearing Demand Deposits Composition	Exceeds 21%	A measure of low-cost, relationship-driven funding (as of Q2 2025).
Client Deposits Annualized Growth Rate	4.0%	Growth rate since June 30, 2025.
Operating Return on Assets (ROA)	1.05%	Reflects efficient use of assets supporting client operations (Q3 2025).

Digital self-service for routine banking operations

While the relationship officers drive commercial business, ConnectOne Bancorp, Inc. uses technology to service routine needs efficiently, supporting the 'reduced-branch model.' The growth in core deposits, with noninterest-bearing demand deposits composition exceeding 21% of total deposits by June 30, 2025, suggests clients are actively using digital channels for day-to-day transactions. Nationally, in 2025, about 65% of US online adults agreed they should be able to complete any financial task via a mobile app, setting the expectation ConnectOne must meet for its commercial clients.

Direct communication via executive access

Executive accessibility is a key relationship touchpoint, particularly for large commercial clients and investors. For instance, the Q3 2025 earnings call was directly hosted by Chairman and CEO Frank Sorrentino III and CFO William S. Burns. This direct line of communication, available to the public via webcast, signals a commitment to transparency that trickles down to how the bank manages its most significant client relationships. The company's focus is on deepening client relationships while delivering on strategic objectives.

• Chairman and CEO: Frank Sorrentino III.
• CFO: William S. Burns.
• Executive access demonstrated through hosting quarterly performance calls.

ConnectOne Bancorp, Inc. (CNOB) - Canvas Business Model: Channels

You're looking at how ConnectOne Bancorp, Inc. gets its services and value propositions to its customers as of late 2025, right after that big merger. It's a mix of old-school presence and modern digital tools.

Physical branch locations in New Jersey and Long Island

The physical footprint is anchored by ConnectOne Bank's presence across the New Jersey/New York metro area, significantly bolstered by the June 1, 2025, merger with The First of Long Island Corporation. The combined entity operates 61 locations as of the Q3 2025 reporting period. The core of this physical channel is concentrated in the New York metro area, specifically New Jersey and Long Island, which is now a key growth area for the bank. You can see the geographic concentration below, based on the latest location count available.

Geographic Area	Number of Banking Offices (Approximate)	Notes
New York (Primarily Long Island)	45	Significantly enhanced by the First of Long Island Corporation merger.
New Jersey	14	Includes the headquarters in Englewood Cliffs, Bergen County.
Florida	1	A smaller presence in South Florida.
Total Locations	60	Reported total in location data, slightly different from the stated 61 post-merger total assets.

The bank aims to prove that putting people first is a better way to do business, using these offices alongside industry best practices. The merger established ConnectOne as one of the top 5 community banks on Long Island by deposit market share. That's a big deal for local channel strength.

Direct sales force and relationship officers

ConnectOne Bancorp relies on a talented, diverse team of financial experts and relationship specialists to serve small to middle-market businesses, local professionals, and individuals. This channel is crucial for maintaining the personalized service model and securing deposit accounts with somewhat larger average balances than typically seen elsewhere. The bank's mission emphasizes that the demands of a successful business extend far beyond '9-5,' suggesting an active, relationship-driven sales approach is central to their client acquisition and retention.

• Relationship specialists provide personalized service.
• Focus on firsthand knowledge of served communities.
• Access to decision-makers is a stated operational benefit.

Online and mobile banking platforms

Technology is used to service clients and maintain business relationships, supporting a reduced-branch model. The bank incorporates financial technologies like online account opening. The digital channel is clearly driving core deposit growth; as of Q2 2025, noninterest-bearing demand deposits made up over 21% of total deposits, up from 18% at year-end 2024. By Q3 2025, client deposits were reported increasing at an annualized rate of 4.0% since June 30, 2025, showing digital access helps retain and grow core funding.

BoeFly digital lending marketplace

BoeFly, Inc. is ConnectOne Bancorp's fintech subsidiary, operating as a distinct channel for specialized lending solutions. BoeFly, Inc. functions as a fintech marketplace. It connects borrowers specifically in the franchise space with funding solutions. This is done through a network of partner banks, meaning ConnectOne Bancorp is not the sole funding source, but a facilitator on the platform. This fintech arm complements the direct commercial banking services offered by ConnectOne Bank.

ConnectOne Bancorp, Inc. (CNOB) - Canvas Business Model: Customer Segments

You're looking at the core client groups that ConnectOne Bancorp, Inc. serves as of late 2025, post-merger with The First of Long Island Corporation (FLIC).

Small to middle-market businesses (SME)

• ConnectOne Bank offers a full suite of banking and lending products specifically focused on this segment.
• Loan originations remain persistent across Commercial & Industrial (C&I) lending.
• The loan portfolio size was reported at $11.2 billion as of the second quarter of 2025.
• Loan growth was projected to be at least 2.5% sequentially for the second quarter of 2025, and Q3 2025 saw loans increasing over 5.0%.

Commercial Real Estate (CRE) investors and developers

ConnectOne Bancorp, Inc. maintains a significant, though actively managed, concentration in CRE lending.

Metric	Value/Date	Context
CRE Loans (as of December 31, 2023)	$6.5 billion	Represented 78.1% of loans receivable as of that date.
Pro Forma CRE Concentration (Projected)	Decreased to 63% of total loans	From a standalone CNOB level of 68%.
CRE Concentration (Regulatory Definition as of Dec 31, 2023)	463% of Tier 1 capital plus allowance for credit losses	Based on regulatory guidance.
Portfolio Activity (Q1 2025)	Slight contraction	Attributed to elevated payoff activity in the segment.

Franchise owners seeking financing (via BoeFly)

The fintech subsidiary, BoeFly, Inc., serves as a marketplace connecting borrowers in the franchise space with funding solutions.

• BoeFly has supported franchisees from more than 600 unique franchise brands.
• The platform has supported more than $5 billion of financing transactions historically.
• David Canet serves as Managing Director of SBA Lending at ConnectOne Bank, indicating direct involvement in this lending type.

Affluent retail and consumer clients

While the primary focus remains commercial, the merger with FLIC improved the overall deposit base, which includes retail/consumer funds.

• Total Deposits as of Q2 2025 were $11.3 billion.
• Noninterest-bearing demand deposits composition exceeded 21% of total deposits as of Q2 2025.
• This composition was up from 18% at year-end 2024.
• Client deposits increased at an annualized rate of 4.0% since June 30, 2025, as of Q3 2025 reporting.

ConnectOne Bancorp, Inc. (CNOB) - Canvas Business Model: Cost Structure

You're looking at the hard numbers that drive ConnectOne Bancorp, Inc.'s spending as of late 2025, right after that big merger.

Interest expense on deposits and borrowings saw a significant shift following the May 15, 2025, consummation of the merger with FLIC, which included a rate of 8.125% on a $200 million long-term subordinated debt issuance. For the three months ended June 30, 2025, total interest expense was $67,147 thousand, broken down into $60,239 thousand for deposits and $6,908 thousand for borrowings. Over the six months ended June 30, 2025, total interest expense reached $126,180 thousand.

Salaries and employee benefits reflect the increased scale post-merger. For the second quarter of 2025, this expense was reported as $25,233 thousand, up from $22,721 thousand in the first quarter of 2025. For the first six months of 2025, the cumulative expense for salaries and employee benefits totaled $47,811 thousand.

The Provision for credit losses (PCL) was a major cost driver in the second quarter. The total PCL for Q2 2025 was $35,700 thousand, which included a day-one provision of $27,400 thousand related to the FLIC merger. This compares to a much lower PCL of $2,500 thousand in Q2 2024. By the third quarter of 2025, the PCL normalized significantly to $5,500 thousand.

Merger and restructuring expenses were heavily weighted toward the second quarter, with $30,700 thousand reported in Q2 2025. For the third quarter of 2025, merger and restructuring expenses were $2,900 thousand, partially offset by a $3,500 thousand defined benefit pension plan curtailment gain.

Occupancy, equipment, and technology costs are part of the overall noninterest expenses. For Q2 2025, Occupancy and equipment was $3,478 thousand, compared to $2,899 thousand in Q1 2025. Information technology and communications expenses increased by $0.6 million in Q2 2025 compared to Q2 2024.

Here's a look at some of those key noninterest expense components for the first half of 2025:

• Salaries and employee benefits (Six Months Ended 06/30/25): $47,811 thousand
• Occupancy and equipment (Six Months Ended 06/30/25): $6,158 thousand
• Professional and consulting (Three Months Ended 06/30/25): $2,598 thousand
• FDIC insurance (Three Months Ended 06/30/25): $2,000 thousand

You can see the quarterly and year-to-date expense comparison below:

Expense Category (in thousands)	Three Months Ended 06/30/25	Three Months Ended 03/31/25	Six Months Ended 06/30/25
Interest expense on Deposits	$60,239	$54,002 (Implied from 6-mo total minus Q2)	$114,231
Interest expense on Borrowings	$6,908	$5,034 (Implied from 6-mo total minus Q2)	$11,949
Salaries and employee benefits	$25,233	$22,721	$47,811
Occupancy and equipment	$3,478	$2,899	$6,158
Merger Expenses (Part of Noninterest Expenses)	$30,700 (Q2 2025 Merger Expenses)	$1,300 (Q1 2025 Merger Expenses)	$32,000 (Implied: $30.7M Q2 + $1.3M Q1)

The total noninterest expenses for Q2 2025 were $73,600 thousand, a jump of $34,300 thousand from Q1 2025 ($39,300 thousand).

ConnectOne Bancorp, Inc. (CNOB) - Canvas Business Model: Revenue Streams

You're looking at how ConnectOne Bancorp, Inc. (CNOB) actually brings in the money, which is key for any deep dive into their business model, especially post-merger with FLIC. Honestly, it's what you'd expect from a solid regional bank, but the numbers tell a more precise story now.

The main engine for ConnectOne Bancorp, Inc. revenue is definitely the Net Interest Income (NII) generated from its loan portfolio. This is the spread between what they earn on assets like loans and what they pay out on liabilities like deposits. For the third quarter of 2025, the fully taxable equivalent net interest income hit $103.2 million. That's a significant jump, up 29.3% from the second quarter of 2025, largely because they had a full quarter of the FLIC assets contributing.

The efficiency of that core business is measured by the Net Interest Margin (NIM). You'll see that the NIM widened to 3.11% in the third quarter of 2025. This expansion, up from 3.06% in the prior quarter, shows the benefit of the FLIC merger, especially the improved funding mix which included a 70 basis-point decrease in the average cost of deposits. The CFO noted that without the redemption of high-cost subordinated debt and lower average cash balances, the Q3 NIM would have been over 3.50%. That's a big tailwind for future profitability, so keep an eye on that spot NIM, which was over 3.20% at quarter-end.

To give you a clearer picture of the revenue components as of late 2025, here's a quick breakdown of the most recent reported figures:

Revenue Component	Amount / Rate	Period / Context
Total Revenue (TTM)	$0.34 Billion	Trailing Twelve Months (2025)
Net Interest Income (NII)	$103.2 million	Q3 2025
Net Interest Margin (NIM)	3.11%	Q3 2025
Noninterest Income	$19.4 million	Q3 2025
Recurring Noninterest Income Run-Rate	~$7 million per quarter	Management Guidance

Beyond the interest income, ConnectOne Bancorp, Inc. collects Noninterest income from various fee and service charges, plus income from Bank Owned Life Insurance (BOLI). For the third quarter of 2025, this stream brought in $19.4 million. That Q3 number was boosted by a one-time $6.6 million Employee Retention Tax Credit (ERTC) and a $3.5 million pension curtailment gain, so the recurring base is lower. The CFO reiterated that the core, recurring noninterest income run-rate is about $7 million per quarter, but they expect the SBA (Small Business Administration) channel to add significantly to this in 2026.

Another important, though non-recurring, element boosting the bottom line is the Purchase Accounting Accretion resulting from the FLIC merger. Management projected this accretion to be approximately $9.8 million per quarter throughout 2025. This is a direct, non-cash benefit flowing through the income statement due to the accounting treatment of the acquisition. It's a temporary boost, but it certainly helps the reported earnings profile this year. The projection shows it declining to $9.2 million per quarter in 2026.

You can see the revenue streams are heavily weighted toward the core lending spread, but the merger has clearly added a significant, albeit temporary, boost from the purchase accounting adjustments. The key action item here is tracking the NIM trajectory; if they hit the CFO's guidance of ~3.25%+ for Q4 NIM, that core NII stream will keep strengthening. Finance: draft the Q4 NII projection based on the 3.25% NIM target by next Tuesday.