ConnectOne Bank
ConnectOne Bank reported total assets of $14.4 bn at Q2 2026, up 3.6% on a year earlier, the 131st largest of 497 banks in our US coverage. The CET1 capital ratio at ConnectOne Bank was 12.31%, and the uninsured share of ConnectOne Bank was 46.70%. Source: FDIC Call Reports.
Key takeaways
- On efficiency ratio, ConnectOne Bank climbed from 434th to 76th among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Since , ConnectOne Bank has taken over 3 institutions; the latest was The First National Bank of Long Island on (FDIC Call Reports).
- ConnectOne Bank has one of the highest loan-to-deposit ratio readings among banks of $10 bn to $100 bn: 99.43% at , against a median of 85.69% across 126 banks (FDIC Call Reports).
What sets ConnectOne Bank apart
- Over the year to , the net interest margin of ConnectOne Bank rose by 0.65 pp to 3.55%, a bigger rise than at 96% of covered banks.
How large is ConnectOne Bank?
The balance sheet of ConnectOne Bank at : assets $14.4 bn, deposits $11.8 bn, net loans $11.7 bn (loans equal to 99.43% of deposits). Securities make up 8.3% of total assets at ConnectOne Bank. Since , when ConnectOne Bank held $4.1 bn, its assets grew 252.1%. In the year to , deposits at ConnectOne Bank rose 3.4% while its total assets rose 3.6%. At , ConnectOne Bank employed 761 full-time equivalent staff across 57 offices, about $18.9 mn of assets per employee and $206.9 mn of deposits per office.
How much funding at ConnectOne Bank is uninsured?
At ConnectOne Bank, uninsured deposits (above the FDIC limit) made up 46.70% of domestic deposits at (+2.55 pp on a year earlier); ConnectOne Bank ranks 113th of 500 on this measure. In dollars, ConnectOne Bank estimated $5.5 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $11.8 bn | +3.4% | 131st of 499 |
| Net loans and leases | $11.7 bn | +6.5% | 116th of 500 |
| Loan-to-deposit ratio | 99.43% | +2.95 pp | 63rd of 500 |
| Tier 1 leverage ratio | 10.81% | -2.00 pp | 192nd of 500 |
| Total risk-based capital ratio | 13.20% | -0.04 pp | 339th of 448 |
| Net interest margin | 3.55% | +0.65 pp | 282nd of 500 |
| Return on assets (ROA) | 1.24% | +1.17 pp | 283rd of 500 |
| Efficiency ratio | 43.75% | -26.64 pp | 76th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $65.1 mn | Narrowed by $17.4 mn | |
| Noncurrent loans to total loans | 0.68% | +0.33 pp | 275th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.47% | +0.29 pp | 438th of 500 (1 = lowest) |
US rank of ConnectOne Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
ConnectOne Bank: assets, deposits and loans
- Total assets $14.4bn
- Deposits $11.8bn
- Net loans $11.7bn
Capital and securities
The CET1 ratio of ConnectOne Bank stood at 12.31% in , +0.09 pp year on year. Low and high at ConnectOne Bank since : 10.21% () to 12.82% (). Equity capital of ConnectOne Bank at : $1.8 bn, or 12.3% of total assets. ConnectOne Bank also reported a total capital ratio of 13.20% for , and a tier 1 leverage ratio of 10.81%.
The available-for-sale portfolio of ConnectOne Bank showed an unrealized loss of $65.1 mn at ; the loss narrowed by $17.4 mn over the year.
ConnectOne Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 11%
ConnectOne Bank: unrealized securities gains and losses
- Available for sale -$65mn
- Held to maturity $0
Profitability and loan quality
For the year to , ConnectOne Bank earned a return on equity of 10.13%; return on assets: 1.24%. Net interest margin at ConnectOne Bank: 3.55%, +0.65 pp in a year. ConnectOne Bank net income: $88.0 mn, up 2,061.6% year on year. The efficiency ratio of ConnectOne Bank was 43.75%: about 44 cents cost per revenue dollar, against 53 cents at the median peer.
At , noncurrent loans were 0.68% of total loans at ConnectOne Bank; net charge-offs: 0.47% of average loans. Gross loans and leases at ConnectOne Bank: $11.9 bn, up 6.3% in a year.
ConnectOne Bank: profitability
- Return on equity 10%
- Net interest margin 3.5%
- Return on assets 1.2%
Peer group of ConnectOne Bank
The peer group of ConnectOne Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of ConnectOne Bank (state nonmember bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in New Jersey. Against them, ConnectOne Bank shows CET1 ratio 12.31% against a peer median of 14.35%, return on equity 10.13% against a peer median of 9.73% and uninsured deposit share 46.70% against a peer median of 12.76%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Popular Bank | State member bank | NY | $15.0 bn | 14.32% | 6.92% | 31.20% | |
| Bank of America California | National bank | CA | $14.8 bn | 39.00% | 6.06% | 6.16% | |
| Stifel Bank | State member bank | MO | $14.6 bn | 10.65% | 21.10% | 12.49% | |
| ConnectOne Bank | State nonmember bank | NJ | $14.4 bn | 12.31% | 10.13% | 46.70% | |
| Israel Discount Bank of New York | State nonmember bank | NY | $14.4 bn | 14.38% | 7.33% | 50.34% | |
| NexBank | State nonmember bank | TX | $14.2 bn | 14.92% | 12.13% | 13.04% | |
| Comenity Capital Bank | State nonmember bank | UT | $13.9 bn | 12.52% | 12.74% | 8.82% | |
. FDIC Call Reports.
Last eight quarters
Two years at ConnectOne Bank, to : assets +49.5%, deposits +56.0%, equity +38.4%. Staff 482 to 761; offices 23 to 57.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $9.6 bn | $9.9 bn | $9.8 bn | $13.9 bn | $14.0 bn | $14.0 bn | $14.2 bn | $14.4 bn |
| Total deposits | $7.6 bn | $7.9 bn | $7.8 bn | $11.4 bn | $11.4 bn | $11.3 bn | $11.6 bn | $11.8 bn |
| Bank equity capital | $1.3 bn | $1.3 bn | $1.3 bn | $1.6 bn | $1.7 bn | $1.7 bn | $1.7 bn | $1.8 bn |
| CET1 ratio | 12.79% | 12.63% | 12.82% | 12.22% | 12.37% | 12.36% | 12.35% | 12.31% |
| Return on equity (ROE) | 6.06% | 6.25% | 6.62% | 0.58% | 4.48% | 6.20% | 9.75% | 10.13% |
| Uninsured share of domestic deposits | 85.91% | 87.61% | 89.67% | 44.15% | 43.61% | 45.60% | 45.78% | 46.70% |
| Full-time equivalent employees | 482 | 491 | 494 | 758 | 738 | 753 | 739 | 761 |
| Number of offices | 23 | 24 | 24 | 58 | 59 | 59 | 57 | 57 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of ConnectOne Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Greater Hudson Bank (FDIC certificate 57145).
- . Absorbed Bank of New Jersey (FDIC certificate 58175).
- . Absorbed The First National Bank of Long Island (FDIC certificate 7072).
Large one-quarter moves at ConnectOne Bank
- Total assets at ConnectOne Bank changed by +42.6% in the quarter to 2025-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from The First National Bank of Long Island.
Questions and identifiers
What were the total assets of ConnectOne Bank?
ConnectOne Bank reported $14.4 bn at in its Call Report. That makes ConnectOne Bank the 131st largest of 497 banks in our US coverage.
Is ConnectOne Bank the same as its holding company?
No. This page covers ConnectOne Bank, FDIC certificate 57919; CONNECTONE BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is ConnectOne Bank profitable?
ConnectOne Bank reported net income of $88.0 mn for the year to ; annualized return on equity: 10.13%. So yes: ConnectOne Bank made a profit over these months.
When is data for ConnectOne Bank next updated?
Figures from ConnectOne Bank for are due after .
Where can I check the figures for ConnectOne Bank?
In the FDIC BankFind Suite record for certificate 57919, and in the Call Reports of ConnectOne Bank (RSSD ID 3317932) at the FFIEC Central Data Repository.