ConnectOne Bancorp Management

Management criteria checks 4/4

ConnectOne Bancorp's CEO is Frank Sorrentino, appointed in Jul 2014, has a tenure of 10.42 years. total yearly compensation is $3.51M, comprised of 26.9% salary and 73.1% bonuses, including company stock and options. directly owns 2.04% of the company’s shares, worth $18.17M. The average tenure of the management team and the board of directors is 3.3 years and 8.7 years respectively.

Key information

Frank Sorrentino

Chief executive officer

US$3.5m

Total compensation

CEO salary percentage	26.9%
CEO tenure	10.4yrs
CEO ownership	2.0%
Management average tenure	3.3yrs
Board average tenure	8.7yrs

Recent management updates

Recent updates

ConnectOne Bancorp (NASDAQ:CNOB) Is Paying Out A Dividend Of $0.18

Oct 29

Earnings Miss: ConnectOne Bancorp, Inc. Missed EPS By 7.3% And Analysts Are Revising Their Forecasts

Oct 27

I Ran A Stock Scan For Earnings Growth And ConnectOne Bancorp (NASDAQ:CNOB) Passed With Ease

May 02

ConnectOne: Undervalued Serial Acquirer In NJ

Feb 14

Should You Be Adding ConnectOne Bancorp (NASDAQ:CNOB) To Your Watchlist Today?

Jan 06

CEO Compensation Analysis

How has Frank Sorrentino's remuneration changed compared to ConnectOne Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$66m
Jun 30 2024	n/a	n/a	US$71m
Mar 31 2024	n/a	n/a	US$73m
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 ($USD3.51M) is about average for companies of similar size in the US market ($USD3.24M).

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

CEO

Frank Sorrentino (62 yo)

10.4yrs

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	10.4yrs	US$3.51m	2.04% $ 18.2m
William Burns	Senior EVP & CFO	10.9yrs	US$1.42m	0.28% $ 2.5m
Sharif Alexandre	Executive VP & CTO	2.9yrs	US$684.50k	no data
Elizabeth Magennis	President of ConnectOne Bank & Director	1.9yrs	US$1.31m	0.28% $ 2.5m
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% $ 2.2m
Siya Vansia	Senior VP & Chief Brand & Innovation Officer	4yrs	no data	no data
Michael Rozman	President of BoeFly Division	5.5yrs	no data	no data
Joseph Javitz	First Senior VP & Chief Credit Officer	3.3yrs	no data	no data
Michael O'Malley	Executive VP & Chief Risk Officer	no data	US$703.37k	0.0048% $ 42.6k
Dana Zeller	Chief Strategic Operations Officer	1.3yrs	no data	no data
Ali Mattera	Chief Digital Officer	1.9yrs	no data	no data

3.3yrs

Average Tenure

62yo

Average Age

Experienced Management: CNOB's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frank Sorrentino	Chairman	10.4yrs	US$3.51m	2.04% $ 18.2m
Elizabeth Magennis	President of ConnectOne Bank & Director	1.6yrs	US$1.31m	0.28% $ 2.5m
Frank Baier	Independent Director	10.4yrs	US$134.50k	0.27% $ 2.4m
Michael Kempner	Independent Director	10.4yrs	US$101.50k	0.73% $ 6.5m
Mark Sokolich	Independent Director	4.9yrs	US$101.50k	0.27% $ 2.4m
Nicholas Minoia	Independent Director	15.9yrs	US$136.00k	0.17% $ 1.5m
Frank Huttle	Independent Director	10.4yrs	US$118.00k	0.48% $ 4.3m
Stephen Boswell	Lead Independent Director	10.4yrs	US$141.63k	0.88% $ 7.8m
Daniel Rifkin	Independent Director	5.9yrs	US$120.25k	0.57% $ 5.1m
Katherin Nukk-Freeman	Independent Director	6.9yrs	US$110.50k	0.059% $ 521.5k
Susan O'Donnell	Independent Director	less than a year	no data	0.0084% $ 74.8k
Anson Moise	Independent Director	3.6yrs	US$101.50k	0.029% $ 255.7k

8.7yrs

Average Tenure

60yo

Average Age

Experienced Board: CNOB's board of directors are considered experienced (8.7 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 09:04
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

ConnectOne Bancorp, Inc. is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Robert Ramsey	FBR Capital Markets & Co.
Taylor Brodarick	Guggenheim Securities, LLC
Christopher McGratty	Keefe, Bruyette, & Woods

ConnectOne Bancorp Management

Management criteria checks 4/4

Key information

Recent management updates

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

Lead Independent Director recently bought US$152k worth of stock

Independent Director recently sold US$983k worth of stock

Independent Director notifies of intention to sell stock

Independent Director recently bought US$69k worth of stock

Lead Independent Director recently bought US$209k worth of stock

Recent updates

Upcoming dividend of US$0.18 per share

Investor sentiment improves as stock rises 16%

ConnectOne Bancorp (NASDAQ:CNOB) Is Paying Out A Dividend Of $0.18

Third quarter dividend of US$0.18 announced

Earnings Miss: ConnectOne Bancorp, Inc. Missed EPS By 7.3% And Analysts Are Revising Their Forecasts

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

ConnectOne Bancorp, Inc. Declares Cash Dividend on Common Stock, Payable on December 2, 2024

ConnectOne Bancorp, Inc. to Report Q3, 2024 Results on Oct 24, 2024

ConnectOne Bancorp, Inc. (NasdaqGS:CNOB) have entered into a definitive agreement to acquire The First of Long Island Corporation (NasdaqCM:FLIC) for approximately $280 million.

ConnectOne Bancorp: Preferred Shares Not Offering Attractive Yield

Upcoming dividend of US$0.18 per share

Second quarter dividend of US$0.18 announced

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased by 7.5% to US$25.00

ConnectOne Bancorp, Inc. Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2024

Investor sentiment improves as stock rises 18%

ConnectOne Bancorp, Inc. to Report Q2, 2024 Results on Jul 25, 2024

Price target decreased by 8.7% to US$23.75

ConnectOne Bancorp (NASDAQ:CNOB) Will Pay A Dividend Of $0.18

First quarter dividend of US$0.18 announced

First quarter 2024 earnings: EPS and revenues miss analyst expectations

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

Full year 2023 earnings: EPS in line with expectations, revenues disappoint

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

Fourth quarter dividend of US$0.17 announced

Full year 2023 earnings: EPS in line with expectations, revenues disappoint

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

Price target increased by 8.5% to US$25.50

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

Price target increased by 11% to US$24.70

Lead Independent Director recently bought US$152k worth of stock

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

Investor sentiment improves as stock rises 19%

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 US$983k worth of stock

Independent Director notifies of intention to sell stock

Upcoming dividend of US$0.17 per share at 3.3% yield

Price target increased by 7.9% to US$22.67

Second quarter 2023 earnings: EPS exceeds analyst expectations

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

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

Investor sentiment improves as stock rises 17%

Independent Director recently bought US$69k worth of stock

Upcoming dividend of US$0.17 per share at 4.9% yield

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 9.4% to US$25.67

Lead Independent Director recently bought US$209k worth of stock

Investor sentiment deteriorates as stock falls 23%

Independent Director recently sold US$984k worth of stock

Independent Director notifies of intention to sell stock

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

Insufficient new directors

Price target decreased by 8.5% to US$28.67

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

Full year 2022 earnings: EPS and revenues miss analyst expectations

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

Lead Independent Director recently bought US$199k worth of stock

Upcoming dividend of US$0.15 per share

Third quarter 2022 earnings: EPS misses analyst expectations

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

Upcoming dividend of US$0.15 per share

Does ConnectOne Bancorp (NASDAQ:CNOB) Deserve A Spot On Your Watchlist?

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

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

ConnectOne Bancorp Q2 GAAP EPS, revenue beats