Bullish indicating open at $55-$60, IPO prices at $37
ConnectOne Bancorp, Inc. (NASDAQ:CNOB), a regional bank with a market capitalization of $1.21 billion, announced Tuesday that it will redeem all $75 million of its outstanding subordinated debentures maturing June 15, 2030. The company stated the redemption will be effective September 15, 2025, in accordance with the terms of the debentures. According to InvestingPro analysis, CNOB maintains a debt-to-equity ratio of 0.79.
The announcement was made in a press release statement included in a filing with the Securities and Exchange Commission. No additional details regarding the redemption terms or rationale were provided in the filing. The bank has demonstrated consistent shareholder returns, with a current dividend yield of 3.14% and a track record of maintaining dividend payments for 52 consecutive years.
ConnectOne Bancorp is based in Englewood Cliffs, New Jersey. The company’s common stock and depositary shares are listed on the NASDAQ under the symbols CNOB and CNOBP, respectively.
In other recent news, ConnectOne Bancorp reported its financial results for the second quarter of 2025, revealing a miss on earnings per share (EPS) expectations. The company posted an actual EPS of -$0.52, which was below the forecasted -$0.4075, resulting in a 27.61% negative surprise. Despite the earnings miss, ConnectOne Bancorp’s revenue slightly exceeded expectations, coming in at $84.65 million compared to the anticipated $83.73 million. These developments reflect the latest financial performance of the company. Additionally, analysts from various firms continue to monitor the situation closely, although no specific upgrades or downgrades have been reported. Investors are advised to consider these recent developments when evaluating the company’s financial health.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.