← ConnectOne Bancorp, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $31.1m | $43.2m | $60.4m | $73.4m | $71.3m | $130.4m | $125.2m | $87.0m | $73.8m | $80.4m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $31.1m | $43.2m | $60.4m | — | — | $128.6m | $119.2m | $81.0m | $67.8m | $74.4m | |
| Depreciation, Depletion and Amortization | $2.7m | $3.2m | $3.1m | $3.1m | $4.2m | $3.8m | $3.9m | $4.5m | $4.4m | $6.1m | |
| Amortization | $2.7m | $3.2m | $3.1m | $3.1m | $4.2m | $3.8m | — | — | — | — | |
| Amortization of Debt Issuance Costs | — | $165k | $332k | $329k | $323k | $303k | $304k | $1.2m | $505k | $645k | |
| Amortization of Intangible Assets | $820k | $724k | $627k | $1.4m | $2.6m | $2.0m | $1.7m | $1.4m | $1.2m | $7.9m | |
| Deferred Income Tax Expense (Benefit) | $2.0m | $3.7m | $926k | $104k | ($7.5m) | $16k | ($403k) | $4.1m | ($2.0m) | ($2.8m) | |
| Share-based Payment Arrangement, Noncash Expense | $2.1m | $1.8m | $1.9m | $2.9m | $2.9m | $4.5m | $4.9m | $4.9m | $4.6m | $4.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | $2.1m | $1.9m | $1.4m | $2.2m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | $4.5m | $4.9m | $4.9m | $4.6m | $4.6m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $0 | $0 | $0 | $0 | |
| Operating Lease, Impairment Loss | — | — | — | $1.3m | $41k | ($769k) | — | — | — | — | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | — | $1.1m | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $57k | $8k | ($26k) | $8k | — | ($65k) | — | — | ($477k) | ($1.3m) | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | — | — | — | $20.5m | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | $0 | $0 | — | — | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | ($22k) | $0 | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($1.0m) | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $11.8m | $25.3m | $10.8m | $20.6m | $19.1m | $44.7m | $46.0m | $30.0m | $24.7m | $32.3m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $14.8m | ($5.7m) | $1.1m | $22.6m | $22.5m | ($46.1m) | $12.4m | $7.5m | ($8.7m) | $10.6m | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | $17.8m | $8.2m | $13.8m | $47.0m | |
| Bank Owned Life Insurance Income | $2.6m | $3.2m | $3.1m | $3.5m | $5.0m | $4.8m | $5.6m | $6.3m | $7.1m | $9.5m | |
| Increase (Decrease) in Other Operating Liabilities | ($2.0m) | $3.9m | $5.0m | ($2.8m) | ($4.2m) | $10.5m | $48.3m | ($9.2m) | ($40.1m) | $8.1m | |
| Gain (Loss) on Sales of Loans, Net | $232k | $708k | $61k | $512k | $2.1m | $3.8m | $1.7m | $1.7m | $2.7m | $2.0m | |
| Proceeds from Stock Options Exercised | $767k | $417k | $875k | $360k | $233k | $106k | $124k | $96k | $0 | $0 | |
| Parent Company | $9.1m | $9.6m | $9.7m | $12.2m | $14.3m | $17.5m | $23.4m | $25.9m | $27.3m | $32.0m | |
| Debt and Equity Securities, Gain (Loss) | — | — | — | $294k | $202k | ($373k) | — | — | — | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | $0 | $0 | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | ($1.5m) | ($117k) | $2k | $1.7m | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | $294k | — | — | — | — | — | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | — | — | — | $1.7m | |
| Goodwill | $145.9m | $145.9m | $145.9m | $162.6m | $208.4m | $208.4m | $208.4m | $208.4m | $208.4m | $220.2m | |
| Pension Cost (Reversal of Cost) | $304k | $250k | $28k | $114k | ($119k) | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | $38.7m | $6.0m | $21.1m | $8.1m | $41.0m | ($5.5m) | $17.1m | $8.4m | $14.0m | — | |
| Unrealized Gain (Loss) on Derivatives | $88k | $798k | $1.2m | ($273k) | ($2.1m) | $3.3m | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $49.7m | $131.1m | $89.1m | $60.7m | $81.1m | $202.3m | $176.8m | $92.9m | $60.7m | $106.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $2.7m | $2.7m | $2.1m | $1.5m | $2.2m | $2.8m | $3.3m | $7.4m | $3.8m | $5.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | — | ($54.9m) | |
| Gain (Loss) on Sale of Investments | $4.2m | $1.6m | — | ($280k) | $29k | $195k | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($427.7m) | ($817.7m) | ($357.2m) | ($102.5m) | ($323.4m) | ($689.9m) | ($1.5b) | ($248.0m) | $55.2m | ($186.2m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $137.6m | $109.1m | $141.9m | $178.1m | $256.8m | $285.9m | $150.3m | $64.5m | $69.7m | $161.8m | |
| Repayments of Long-term Debt | $17.7m | $4.5m | $4.4m | $8.2m | $37.4m | $9.2m | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | $180k | — | — | — | — | $13.1m | $17.5m | $5.8m | $0 | |
| Payments of Ordinary Dividends, Common Stock | $9.1m | $9.6m | $9.7m | $12.2m | $14.3m | $17.5m | $23.4m | $25.9m | $27.3m | $32.0m | |
| Net Cash Provided by (Used in) Financing Activities | $377.5m | $635.8m | $290.9m | $70.9m | $344.5m | $449.4m | $1.4b | $129.5m | ($2.1m) | $104.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | — | $2.8m | ($25.6m) | $113.8m | $24.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | $74.7m | $41.8m | $67.8m | $230.8m | $270.9m | $286.3m | |
| Income Taxes Paid, Net | $22.9m | $16.2m | $9.1m | $18.5m | $18.5m | $45.4m | $49.2m | $31.6m | $24.0m | $43.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.