ConnectOne Bancorp, Inc. (CNOBP)

AI-Powered SEC Filing Analysis

Quarterly Report Filed: 2026-05-05

Key Insights

  • ConnectOne completed the acquisition of First of Long Island Corporation in June 2025, which is now reflected in Q1 2026 results as a contributing subsidiary for approximately 7 months of operations.
  • Common stock outstanding increased to 54.3 million shares at Q1 2026 from 50.3 million at year-end 2025, reflecting dilution from the acquisition consideration paid in stock.
  • The company maintains a strong capital structure with preferred stock of $115 million and adequate liquidity, though integration expenses from the First of Long Island acquisition continue to impact near-term profitability.
  • Interest rate swap derivatives totaling $26.161 billion notional value are designated as cash flow hedges, indicating active interest rate risk management in the current rate environment.
Current Report Filed: 2026-04-23

Key Insights

  • ConnectOne Bancorp filed an 8-K on April 23, 2026 to disclose Results of Operations and Financial Condition, indicating quarterly or periodic earnings announcement without material operational changes or leadership transitions.
  • The filing references a press release (Exhibit 99.1) as the primary disclosure vehicle, suggesting the company is communicating financial results through standard investor relations channels rather than disclosing material agreements or corporate events.
  • Filing was signed by William S. Burns, Senior Executive Vice President and Chief Financial Officer, indicating routine financial reporting without executive changes or governance matters.
  • The company maintains dual securities listings (Common stock CNOB and Depositary Shares CNOBP on NASDAQ), reflecting a capital structure with preferred equity that investors should monitor for dividend implications.
Current Report Filed: 2026-04-09

Key Insights

  • ConnectOne Bancorp, Inc. issued a press release on April 9, 2026, which could indicate an important update or event for the company.
  • The filing does not provide any details on the nature of the press release, so investors should review the actual release to understand the significance of the announcement.
  • Investors should monitor ConnectOne Bancorp's stock price and news flow for any potential impact from this undisclosed event.
Insider Trading Filed: 2026-03-27

Key Insights

  • Mark J. Pappas, the EVP and Chief Risk Officer of ConnectOne Bancorp, Inc. (CNOB), has received a grant of 3,507 deferred stock units, vesting over a three-year period.
  • The insider buying suggests Pappas is confident in the company's long-term prospects and aligns his interests with those of shareholders.
  • The timing of the transaction, in late March 2026, may indicate the company's upcoming financial performance or strategic initiatives.
Insider Trading Filed: 2026-03-27

Key Insights

  • Robert Allan Schwartz, EVP and General Counsel of ConnectOne Bancorp, Inc., has acquired 9,250 shares of the company's common stock through a grant of deferred stock units, vesting over a three-year period.
  • This insider transaction suggests Schwartz's continued commitment and confidence in the company's long-term growth and performance.
  • The grant of deferred stock units, which are subject to forfeiture, aligns Schwartz's interests with those of shareholders and incentivizes him to contribute to the company's success.
Insider Trading Filed: 2026-03-27

Key Insights

  • The reporting person, Steven Primiano, acquired 1,736 shares of ConnectOne Bancorp, Inc. common stock through earned performance units, indicating alignment with shareholder interests.
  • Primiano also received a grant of 3,597 deferred stock units, vesting over a three-year period, further aligning his compensation with the company's long-term performance.
  • Primiano disposed of 868 shares through tax withholding, which is a common practice to cover the tax liability associated with equity awards.
Insider Trading Filed: 2026-03-27

Key Insights

  • The reporting person, Laura Criscione, an EVP and Chief Compliance Officer, acquired 1,940 shares of ConnectOne Bancorp, Inc. (CNOB) common stock through earned performance units, indicating management's confidence in the company's future performance.
  • Criscione also acquired 3,552 deferred stock units, which will vest over a three-year period, further aligning her interests with those of long-term shareholders.
  • The reporting person's indirect beneficial ownership of 780 shares as custodian for her daughter suggests a personal investment in the company's success.
Insider Trading Filed: 2026-03-27

Key Insights

  • The reporting person, Elizabeth Magennis, who is the Bank President, acquired 5,548 shares of common stock through earned performance units and an additional 12,642 shares through a grant of deferred stock units.
  • Magennis also disposed of 2,774 shares to cover tax withholding, indicating a net increase in her direct beneficial ownership of ConnectOne Bancorp, Inc. (CNOB) shares.
  • The grant of deferred stock units is subject to a three-year vesting period, aligning Magennis' interests with long-term shareholder value creation.
Insider Trading Filed: 2026-03-27

Key Insights

  • The reporting person, William S. Burns, acquired 5,157 shares of ConnectOne Bancorp, Inc. (CNOB) common stock on March 25, 2026 through the vesting of performance units, indicating potential confidence in the company's performance.
  • Burns also received a grant of 11,162 deferred stock units, which vest over a three-year period, aligning his interests with long-term shareholder value creation.
  • The reporting person disposed of 2,578 shares to cover tax withholding, which is a common practice for equity-based compensation, suggesting he is holding the majority of his shares.
Insider Trading Filed: 2026-03-27

Key Insights

  • The reporting person, Frank Sorrentino III, acquired a significant number of shares of ConnectOne Bancorp, Inc. (CNOB) on March 25, 2026, including 19,205 shares from earned performance units and 38,822 shares from a grant of deferred stock units.
  • The reporting person also disposed of 11,523 shares to cover tax withholding, suggesting a partial liquidation of his position.
  • The reporting person's total direct beneficial ownership increased to 624,691 shares, along with an additional 263,773 shares held indirectly in a trust for his spouse's benefit.
Insider Trading Filed: 2026-03-27

Key Insights

  • Insider Joseph T. Javitz, EVP & Chief Credit Officer, acquired 2,015 shares of ConnectOne Bancorp, Inc. common stock through performance units on March 25, 2026.
  • Javitz also received a grant of 3,687 deferred stock units, vesting over a three-year period, indicating his long-term commitment to the company.
  • Javitz disposed of 842 shares to cover tax withholdings on the performance unit acquisition, suggesting a balanced approach to his ownership position.
Insider Trading Filed: 2026-03-24

Key Insights

  • The reporting person, Frank Sorrentino III, is the Chairman and CEO of ConnectOne Bancorp, Inc. and has substantial direct and indirect ownership of the company's common stock.
  • Sorrentino has conducted multiple open-market transactions in March 2026, with shares being withheld to cover taxes upon the vesting of deferred stock units.
  • The insider's indirect beneficial ownership, through a trust for the benefit of his spouse, accounts for a significant portion of his total shareholdings.
Insider Trading Filed: 2026-03-24

Key Insights

  • The reporting person, Elizabeth Magennis, is the Bank President of ConnectOne Bancorp, Inc. and a director of the company.
  • Magennis has engaged in multiple transactions involving the direct disposal of common stock, likely for tax withholding purposes related to the vesting of deferred stock units.
  • The transactions occurred on March 20, 2026 and March 23, 2026, indicating ongoing equity awards and insider activity.
Insider Trading Filed: 2026-03-24

Key Insights

  • The reporting person, Joseph T. Javitz, EVP & Chief Credit Officer, has made multiple transactions involving the sale of ConnectOne Bancorp, Inc. (CNOB) common stock through share withholding for tax purposes related to the vesting of deferred stock units.
  • The transactions occurred on March 20, 2026 and March 23, 2026, resulting in the reporting person's direct beneficial ownership of CNOB common stock decreasing from 20,423.78 shares to 19,496.78 shares.
  • The timing and frequency of these transactions may indicate the reporting person's sentiment towards the company's stock or their need to generate liquidity, which could be relevant for investors to consider.
Insider Trading Filed: 2026-03-24

Key Insights

  • The reporting person, William S. Burns, is the Senior EVP & CFO of ConnectOne Bancorp, Inc. and has been engaged in a series of transactions involving the company's common stock.
  • Burns has disposed of a total of 4,917 shares of ConnectOne Bancorp's common stock through share withholdings for tax purposes related to the vesting of deferred stock units.
  • The transactions occurred on March 20, 2026 and March 23, 2026, with the share dispositions occurring at prices of $25.95 and $26.72 per share, respectively.
Insider Trading Filed: 2026-03-24

Key Insights

  • The reporting person, Laura Criscione, is the EVP & Chief Compliance Officer of ConnectOne Bancorp, Inc. and has been making regular transactions of the company's common stock.
  • Criscione has been disposing of shares of common stock through share withholding for tax purposes upon the vesting of deferred stock units, indicating potential liquidity needs or portfolio rebalancing.
  • The transactions appear routine and in line with the reporting person's role and ownership, suggesting no significant changes in Criscione's overall stake in the company.
Insider Trading Filed: 2026-03-24

Key Insights

  • The reporting person, Robert Allan Schwartz, is an executive officer (EVP & General Counsel) of ConnectOne Bancorp, Inc. (CNOB).
  • Schwartz disposed of 186 shares of CNOB common stock on March 20, 2026, likely to cover tax withholding obligations upon the vesting of deferred stock units.
  • After the reported transaction, Schwartz beneficially owns 41,703.83 shares of CNOB common stock, indicating he continues to hold a significant equity stake in the company.
Insider Trading Filed: 2026-03-24

Key Insights

  • The reporting person, Mark J. Pappas, who is the EVP & Chief Risk Officer of ConnectOne Bancorp, Inc. (CNOB), has engaged in transactions involving the company's common stock.
  • Pappas has disposed of 954 shares of common stock through share withholdings for tax purposes, reducing his direct beneficial ownership from 5,210 shares to 4,256 shares.
  • The transactions occurred on March 20, 2026 and March 23, 2026, following the vesting of deferred stock unit grants awarded in 2025 and 2024, respectively.
Insider Trading Filed: 2026-03-24

Key Insights

  • The reporting person, Steven Primiano, is an EVP, Treasurer, and Chief Corporate Development Officer at ConnectOne Bancorp, Inc. and has had several transactions involving the company's common stock.
  • The transactions involve the withholding of shares to cover tax obligations related to the vesting of deferred stock units, suggesting the reporting person is receiving equity-based compensation as part of their compensation package.
  • The timing and amounts of the transactions do not appear to indicate any significant buying or selling activity, suggesting this is a routine event related to the reporting person's ongoing equity compensation.
Insider Trading Filed: 2026-03-19

Key Insights

  • The reporting person, Michael W. Kempner, is a director of ConnectOne Bancorp, Inc. and has been selling shares of the company's common stock.
  • Kempner disposed of 67,800 shares of common stock on August 11, 2020, at an average price of $14.7549 per share.
  • Kempner also made a charitable gift of 7,707 shares of common stock on March 17, 2026, reducing his direct beneficial ownership to 216,466.525 shares.

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Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.