ConnectOne Bancorp Management

Management criteria checks 3/4

ConnectOne Bancorp's CEO is Frank Sorrentino, appointed in Jul 2014, has a tenure of 9.75 years. total yearly compensation is $3.51M, comprised of 26.9% salary and 73.1% bonuses, including company stock and options. directly owns 2.05% of the company’s shares, worth €14.40M. The average tenure of the management team and the board of directors is 2.7 years and 9.8 years respectively.

Key information

Frank Sorrentino

Chief executive officer

US$3.5m

Total compensation

CEO salary percentage	26.9%
CEO tenure	9.8yrs
CEO ownership	2.0%
Management average tenure	2.7yrs
Board average tenure	9.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Frank Sorrentino's remuneration changed compared to ConnectOne Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$4m	US$945k	US$81m
Sep 30 2023	n/a	n/a	US$94m
Jun 30 2023	n/a	n/a	US$102m
Mar 31 2023	n/a	n/a	US$112m
Dec 31 2022	US$4m	US$900k	US$119m
Sep 30 2022	n/a	n/a	US$119m
Jun 30 2022	n/a	n/a	US$124m
Mar 31 2022	n/a	n/a	US$125m
Dec 31 2021	US$3m	US$825k	US$128m
Sep 30 2021	n/a	n/a	US$123m
Jun 30 2021	n/a	n/a	US$115m
Mar 31 2021	n/a	n/a	US$98m
Dec 31 2020	US$3m	US$825k	US$71m
Sep 30 2020	n/a	n/a	US$66m
Jun 30 2020	n/a	n/a	US$63m
Mar 31 2020	n/a	n/a	US$67m
Dec 31 2019	US$3m	US$800k	US$73m
Sep 30 2019	n/a	n/a	US$71m
Jun 30 2019	n/a	n/a	US$69m
Mar 31 2019	n/a	n/a	US$68m
Dec 31 2018	US$2m	US$800k	US$60m
Sep 30 2018	n/a	n/a	US$52m
Jun 30 2018	n/a	n/a	US$45m
Mar 31 2018	n/a	n/a	US$35m
Dec 31 2017	US$2m	US$735k	US$43m

Compensation vs Market: Frank's total compensation ($USD3.51M) is above average for companies of similar size in the German market ($USD1.29M).

Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.

CEO

Frank Sorrentino (61 yo)

9.8yrs

Tenure

US$3,509,047

Compensation

Mr. Frank S. Sorrentino, III, has been the Chairman and Chief Executive Officer of ConnectOne Bancorp, Inc. since July 1, 2014, and serves as President since July 1, 2014. Mr. Sorrentino served as Chief Ex...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Frank Sorrentino	Chairman	9.8yrs	US$3.51m	2.05% $ 14.4m
William Burns	Senior EVP & CFO	10.3yrs	US$1.42m	0.28% $ 2.0m
Sharif Alexandre	Executive VP & CTO	2.3yrs	US$684.50k	no data
Elizabeth Magennis	President of ConnectOne Bank & Director	1.3yrs	US$1.31m	0.28% $ 2.0m
Mark Zurlini	Executive VP & Chief Lending Officer	no data	US$747.75k	no data
Laura Criscione	Executive VP	no data	US$638.95k	0.24% $ 1.7m
Siya Vansia	Senior VP & Chief Brand & Innovation Officer	3.3yrs	no data	no data
Michael Rozman	President of BoeFly Division	4.8yrs	no data	no data
Joseph Javitz	First Senior VP & Chief Credit Officer	2.7yrs	no data	no data
Michael O'Malley	Executive VP & Chief Risk Officer	no data	US$703.37k	0.0048% $ 33.7k
Dana Zeller	Chief Strategic Operations Officer	less than a year	no data	no data
Ali Mattera	Chief Digital Officer	1.3yrs	no data	no data

2.7yrs

Average Tenure

61yo

Average Age

Experienced Management: CBM's management team is considered experienced (2.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frank Sorrentino	Chairman	9.8yrs	US$3.51m	2.05% $ 14.4m
Elizabeth Magennis	President of ConnectOne Bank & Director	less than a year	US$1.31m	0.28% $ 2.0m
Frank Baier	Independent Director	9.8yrs	US$134.50k	0.27% $ 1.9m
Michael Kempner	Independent Director	9.8yrs	US$101.50k	0.72% $ 5.1m
William Thompson	Independent Director	30.3yrs	US$110.50k	0.29% $ 2.0m
Mark Sokolich	Independent Director	4.3yrs	US$101.50k	0.26% $ 1.8m
Nicholas Minoia	Independent Director	15.3yrs	US$136.00k	0.16% $ 1.1m
Frank Huttle	Independent Director	9.8yrs	US$118.00k	0.47% $ 3.3m
Stephen Boswell	Lead Independent Director	9.8yrs	US$141.63k	0.86% $ 6.1m
Daniel Rifkin	Independent Director	5.3yrs	US$149.75k	0.56% $ 4.0m
Katherin Nukk-Freeman	Independent Director	6.3yrs	US$110.50k	0.050% $ 354.0k
Anson Moise	Independent Director	2.9yrs	US$101.50k	0.020% $ 143.1k

9.8yrs

Average Tenure

60yo

Average Age

Experienced Board: CBM's board of directors are considered experienced (9.8 years average tenure).

ConnectOne Bancorp Management

Management criteria checks 3/4

Key information

Recent management updates

ConnectOne Bancorp, Inc., Annual General Meeting, May 21, 2024

Lead Independent Director recently bought €140k worth of stock

Independent Director recently sold €896k worth of stock

Independent Director recently bought €65k worth of stock

Lead Independent Director recently bought €196k worth of stock

Independent Director recently sold €928k worth of stock

Recent updates

ConnectOne Bancorp, Inc., Annual General Meeting, May 21, 2024

Full year 2023 earnings released: EPS: US$2.08 (vs US$3.03 in FY 2022)

Upcoming dividend of US$0.17 per share at 3.2% yield

Fourth quarter dividend of US$0.17 announced

Full year 2023 earnings released: EPS: US$2.08 (vs US$3.03 in FY 2022)

ConnectOne Bancorp, Inc. Declares Cash Dividend on Common Stock, Payable on March 1, 2024

ConnectOne Bancorp, Inc. to Report Q4, 2023 Results on Jan 25, 2024

Lead Independent Director recently bought €140k worth of stock

Upcoming dividend of US$0.17 per share at 3.7% yield

Investor sentiment improves as stock rises 18%

Connectone Bancorp, Inc. Announces Cash Dividend on Common Stock, Will Be Paid on December 1, 2023

Third quarter 2023 earnings released: EPS: US$0.51 (vs US$0.70 in 3Q 2022)

ConnectOne Bancorp, Inc. to Report Q3, 2023 Results on Oct 26, 2023

New minor risk - Insider selling

Independent Director recently sold €896k worth of stock

ConnectOne Bancorp, Inc. Declares a Quarterly Cash Dividend on its Common Stock, Payable on September 1, 2023

Second quarter 2023 earnings released: EPS: US$0.51 (vs US$0.78 in 2Q 2022)

ConnectOne Bancorp, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Investor sentiment improves as stock rises 15%

Independent Director recently bought €65k worth of stock

First quarter 2023 earnings released: EPS: US$0.60 (vs US$0.76 in 1Q 2022)

Lead Independent Director recently bought €196k worth of stock

Investor sentiment deteriorates as stock falls 16%

Independent Director recently sold €928k worth of stock

Upcoming dividend of US$0.15 per share at 2.5% yield

Insufficient new directors

ConnectOne Bancorp, Inc. Declares Quarterly Common Dividend, Payable on March 1, 2023

Full year 2022 earnings released: EPS: US$3.03 (vs US$3.24 in FY 2021)

ConnectOne Bancorp, Inc. to Report Q4, 2022 Results on Jan 26, 2023

Lead Independent Director recently bought €193k worth of stock

Upcoming dividend of US$0.15 per share

Third quarter 2022 earnings released: EPS: US$0.70 (vs US$0.81 in 3Q 2021)

ConnectOne Bancorp, Inc. Declares Cash Dividend on Its Common Stock, Will Be Paid on December 1, 2022

ConnectOne Bancorp, Inc. to Report Q3, 2022 Results on Oct 27, 2022

Second quarter 2022 earnings released: EPS: US$0.78 (vs US$0.81 in 2Q 2021)

ConnectOne Bancorp, Inc. Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2022

ConnectOne Bancorp, Inc. to Report Q2, 2022 Results on Jul 28, 2022

Lead Independent Director recently bought €143k worth of stock

Connectone Bancorp, Inc. Announces Partnership with Nymbus to Build Bespoke Banking Solution

First quarter 2022 earnings released: EPS: US$0.76 (vs US$0.83 in 1Q 2021)

ConnectOne Bancorp, Inc. to Report Q1, 2022 Results on Apr 28, 2022

ConnectOne Bancorp, Inc., Annual General Meeting, May 24, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Independent Director recently bought €110k worth of stock

Upcoming dividend of US$0.13 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

ConnectOne Bancorp, Inc. Reports Net Charge Off for the Fourth Quarter Ended December 31, 2021

Chairman recently sold €884k worth of stock

Third quarter 2021 earnings released: EPS US$0.81 (vs US$0.62 in 3Q 2020)

Lead Independent Director recently bought €127k worth of stock

Upcoming dividend of US$0.11 per share

Second quarter 2021 earnings released: EPS US$0.81 (vs US$0.37 in 2Q 2020)

First quarter 2021 earnings released: EPS US$0.83 (vs US$0.15 in 1Q 2020)

ConnectOne Bancorp, Inc. Declares Common Dividend, Payable on June 1, 2021

Full year 2020 earnings released: EPS US$1.80 (vs US$2.08 in FY 2019)

New 90-day high: €19.30

Independent Director recently sold €408k worth of stock

New 90-day high: €18.43

Full year 2020 earnings released: EPS US$1.80 (vs US$2.08 in FY 2019)

ConnectOne Bancorp, Inc. to Report Q4, 2020 Results on Jan 28, 2021

New 90-day high: €17.23

New 90-day high: €16.26

ConnectOne Bancorp, Inc. Announces Executive Changes

Independent Director recently sold €429k worth of stock

New 90-day high: €15.26

Revenue misses expectations

Third quarter 2020 earnings released: EPS US$0.62

Third-quarter earnings released: Revenue misses expectations

Third quarter earnings released