ConnectOne Bank
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Data as of · sourced from FFIEC call reports. How we update
ConnectOne Bank is an FDIC-insured commercial bank headquartered in Englewood Cliffs, NJ, established in 2005 (FDIC certificate 57919), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $14.40B, up 3.6% from Q2 2025, the 4th largest of 49 banks headquartered in New Jersey. Its CET1 capital ratio was 12.31% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 57919
- Headquarters
- Englewood Cliffs, NJ
- Established
- 2005
- Total assets, Q2 2026
- $14.40B
- Assets vs Q2 2025
- +3.6%
- CET1 ratio, Q2 2026
- 12.31%
- Domestic offices
- 57 FDIC institution directory, current count
- Routing number
- 021213944
- Holding company
- CONNECTONE BANCORP, INC.
- Asset rank in state
- 4th of 49 in New Jersey
Problem loans are rising at ConnectOne Bank. It reported $14.4 billion in assets at June 30, 2026, up 3.6% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.68% of loans from 0.35% a year earlier. It holds commercial real estate loans worth 4.3 times its capital, about double the median of 2.2 times for the 127 banks with $10 billion to $100 billion in assets. On the other hand, it spends about 41 cents to bring in each dollar of revenue, lower than about three-quarters of banks its size (median 53 cents).
The multifamily book ($3.7 billion) is worsening: 1.61% of it is past due or on nonaccrual, up from 0.68% a year earlier. Funding is the softer spot: it pays an average of 2.41% on its deposits and borrowings, higher than about three-quarters of banks its size (median 1.92%).
As of June 30, 2026, ConnectOne Bank reported a CET1 capital ratio of 12.31%, a return on assets of 1.29%, a nonperforming-loan ratio of 0.68% and a Texas ratio of 4.96%. The figures come from its call report filed with the FFIEC.
Of the 49 banks headquartered in New Jersey, ConnectOne Bank is the 4th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.4% to $14.40B, loans rose 1.0% and deposits rose 2.0%. The largest part of its loan book on June 30, 2026 was multifamily loans, at 31.0% of total loans, ahead of non-owner-occupied commercial real estate loans at 21.8%. The FDIC Summary of Deposits lists 57 offices for it, in 54 cities across 3 states; its Englewood Cliffs office books 30% of its branch deposits. Judged on its Q2 2026 call report, ConnectOne Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 301 Sylvan Ave, Englewood Cliffs, NJ 07632
- County
- Bergen
- Metro Area
- New York-Newark-Jersey City, NY-NJ
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 2, New York
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 041
- Established
- January 15, 2005
- Domestic offices
- 57 FDIC institution directory, current count
- Employees (FTE)
- 761
- Domestic deposits
- $11.80B
- Allowance for credit losses
- $140.1M
- Net charge-offs (YTD)
- $27.6M
- Average total assets
- $14.31B
- Average total loans
- $11.82B
- Average interest-bearing deposits
- $9.11B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 15, 2005
- FDIC Cert
- 57919
- Fed RSSD
- 3317932
- SEC CIK
- 712771 → filed by CONNECTONE BANCORP, INC.
- Website
- www.connectonebank.com →
- Parent Holding Company
- CONNECTONE BANCORP, INC. (RSSD 1048764) · CNOB
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Frank Sorrentino Iii | CEO | Chairman & CEO |
| Elizabeth Magennis | PRES | Bank President |
| William S Burns | CFO | Senior EVP & CFO |
| Laura Criscione | CCO | EVP & Chief Compliance Officer |
| Mark J Pappas | CRO | EVP & Chief Risk Officer |
| Schwartz Robert Allan | GC | EVP & General Counsel |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, ConnectOne Bank's total assets ranged from $9.63B (Q3 2024) to $14.40B (Q2 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$14.40B total assets against $13.91B; $12.64B total liabilities against $12.27B.
$11.73B net loans and leases against $11.01B; $11.80B total deposits against $11.41B.
$1.19B securities against $1.24B; $362.3M cash and balances due against $596.5M.
$192.9M total interest income against $146.0M; $75.0M total interest expense against $63.8M.
$117.9M net interest income against $82.2M.
$7.9M total noninterest income against $4.8M; $55.3M total noninterest expense against $73.6M.
$8.3M provision for credit losses against $35.7M.
$46.0M net income against -$17.2M.
1.29% return on assets against -0.61%; 3.54% net interest margin against 3.18%.
12.31% CET1 capital ratio against 12.22%; 10.81% tier 1 leverage ratio against 12.81%.
Inside the full ConnectOne Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
ConnectOne Bank rankings
Its closest position to the top of a national ranking is 130 of 4,196, for total assets; its furthest is 1,608 of 2,134, for CET1 ratio.
Metric pages for ConnectOne Bank: Uninsured deposits, Efficiency ratio.
Banks merged into ConnectOne Bank
- The First National Bank of Long Island, effective June 1, 2025
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -0.61% (Q2 2025) to 1.29% (Q2 2026) and its net interest margin ran from 2.73% (Q3 2024) to 3.54% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.31% | 1.29% | 0.68% | 4.96% | 3.54% |
| Q1 2026 | 12.35% | 1.20% | 0.42% | 3.07% | 3.47% |
| Q4 2025 | 12.36% | 1.28% | 0.55% | 4.00% | 3.42% |
| Q3 2025 | 12.37% | 1.29% | 0.36% | 2.59% | 3.31% |
| Q2 2025 | 12.22% | -0.61% | 0.35% | 2.60% | 3.18% |
| Q1 2025 | 12.82% | 0.86% | 0.61% | 4.30% | 2.94% |
| Q4 2024 | 12.63% | 0.89% | 0.69% | 5.00% | 2.93% |
| Q3 2024 | 12.79% | 0.75% | 0.67% | 4.76% | 2.73% |
Swipe the table sideways to see every column.
Branch Network
View all 57 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| ConnectOne Bank (main office) | Englewood Cliffs , NJ | 07632 | $3.52B |
| Fort Lee Branch | Fort Lee , NJ | 07024 | $498.2M |
| Town Hall Branch | Morristown , NJ | 07960 | $450.4M |
| Morris Branch | Union , NJ | 07083 | $431.2M |
| Summit Banking Center Branch | Summit , NJ | 07901 | $354.0M |
| Newark Branch | Newark , NJ | 07105 | $325.4M |
| West Palm Beach Branch Office | West Palm Beach , FL | 33401 | $322.3M |
| Ridgewood Branch | Ridgewood , NJ | 07450 | $319.6M |
| Springfield Branch | Springfield , NJ | 07081 | $252.6M |
| Locust Valley Branch | Locust Valley , NY | 11560 | $235.8M |
| Huntington Branch | Huntington , NY | 11743 | $233.0M |
| White Plains Branch | White Plains , NY | 10603 | $232.3M |
| Saddle River Branch | Saddle River , NJ | 07458 | $219.9M |
| Cresskill Branch Office | Cresskill , NJ | 07626 | $213.6M |
| Garden City Branch | Garden City , NY | 11530 | $209.0M |
| First National Bank Branch | Glen Head , NY | 11545 | $208.4M |
| Five Points Branch | Union , NJ | 07083 | $200.6M |
| Bardonia Branch | Bardonia , NY | 10954 | $192.9M |
| Hackensack Branch | Hackensack , NJ | 07601 | $191.6M |
| Holmdel Branch | Holmdel , NJ | 07733 | $179.2M |
| Middletown Branch | Middletown , NY | 10940 | $166.9M |
| Madison Avenue Branch Office | New York , NY | 10022 | $162.6M |
| East Meadow Branch | East Meadow , NY | 11554 | $157.1M |
| Merrick Branch | Merrick , NY | 11566 | $155.2M |
| Lake Success Branch | Lake Success , NY | 11042 | $152.0M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| June 1, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 1, 2025 | Structure Change | Acquired The First National Bank of Long Island Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 2, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 2, 2020 | Structure Change | Acquired Bank of New Jersey Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 2, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2019 | Structure Change | Acquired Greater Hudson Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 1, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 1, 2014 | Structure Change | Acquired Union Center National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 1, 2009 | Merger | Participated in FDIC Assisted Merger | FDIC |
| May 1, 2009 | Structure Change | Acquired Citizens Community Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 10 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.6% of deposits in NJ, rank 13 of 96 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 160 applications, 123 loans originated, $388.2M originated, across 5 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 63 loans, $49.0M approved, $777K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about ConnectOne Bank
What are ConnectOne Bank's total assets?
As of the Q2 2026 filing, ConnectOne Bank reported total assets of $14.40 billion in its FFIEC call report.
Where is ConnectOne Bank headquartered?
It is headquartered in Englewood Cliffs, NJ, United States.
When was ConnectOne Bank founded?
It was established in 2005, per the FDIC institution directory.
Is ConnectOne Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #57919). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates ConnectOne Bank?
ConnectOne Bank's primary federal regulator is the FDIC.
What is ConnectOne Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.31% in its Q2 2026 call report, above regulatory requirements.
How many branches does ConnectOne Bank operate?
It operates 57 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is ConnectOne Bank's Texas Ratio?
Its Texas Ratio is 4.96% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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