Center Bancorp Inc logo

Center Bancorp Inc (CNOB)

Common Stock · Currency in USD · XNAS

ConnectOne Bancorp Inc is a community-based, full-service New Jersey-chartered commercial bank. Substantially all loans are secured with various types of collateral, including business assets, consumer assets, and commercial/residential real estate. Each borrower's ability to repay its loans is dependent on the conversion of assets, cash flows generated from the borrowers' business, real estate rental, and consumer wages.

Company Info

SIC6022
Composite FIGIBBG000BD2D25
CIK0000712771
IPOFeb 1, 1995
Sectorstate commercial banks

Highlights

Market Cap$1.36B
EPS$3.16
P/E Ratio8.29
Revenue$667.48M
Gross Profit$750.84M
Net Income$163.90M
Employees756
WSO50,273,382
Phone(201) 816-8900

Related Tickers

Analysis

Share Price Chart

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Center Bancorp Inc, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.

Returns By Period

Center Bancorp Inc (CNOB) has returned 2.78% so far this year and 28.71% over the past 12 months. Looking at the last ten years, CNOB has achieved an annualized return of 5.07%, underperforming the Benchmark (SPY), which averaged 12.23% per year.

CNOB

1M7.22%
6M5.22%
YTD2.78%
1Y28.71%
5Y0.94%
10Y5.07%

Benchmark (SPY)

1M-2.61%
6M-2.35%
YTD-4.36%
1Y34.06%
5Y9.80%
10Y12.23%

Monthly Returns

The table below presents the monthly returns of Center Bancorp Inc (CNOB) with color gradation from worst to best to easily spot seasonal factors.

JanFebMarAprMayJunJulAugSepOctNovDec
20261.22%-0.34%2.06%0.48%
20259.79%3.44%-4.85%-7.05%1.95%1.22%-0.04%12.23%-2.21%-2.16%5.03%4.38%
20240.66%-14.14%-1.22%-8.76%3.50%-0.68%28.76%3.31%0.97%-2.81%12.29%-16.69%
2023-2.14%2.67%-27.12%-10.59%-14.32%20.48%23.69%-5.95%-7.90%-7.65%20.24%16.18%
2022-2.59%4.00%-2.88%-13.40%-0.76%-11.89%9.03%-4.79%-8.31%7.79%4.63%-8.74%
20216.30%7.70%5.01%7.48%0.69%-6.70%-0.45%8.66%5.71%12.13%-4.33%-1.48%
2020-9.26%-11.65%-36.06%17.73%0.62%9.07%-14.08%9.41%-7.19%10.06%12.86%8.02%
20199.05%7.05%-9.17%9.64%-4.59%7.80%0.04%-11.03%9.52%8.44%2.27%1.78%
201812.77%-1.37%-8.33%-5.86%-0.20%-1.00%-3.65%-12.83%-3.41%-9.42%
2017-5.54%0.40%-4.90%-8.64%-2.68%2.97%-0.22%0.22%7.89%8.70%-0.18%-5.16%
20165.91%-8.39%8.05%5.02%1.23%1.21%27.37%10.43%

Performance Indicators

The charts below present risk-adjusted performance metrics for Center Bancorp Inc (CNOB) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.

Sharpe ratio

-2.00-1.000.001.002.003.00CNOB: 0.51SPY: 0.92

Sortino ratio

-6.00-4.00-2.000.002.004.00CNOB: 0.73SPY: 1.40

Omega ratio

0.501.001.502.00CNOB: 1.09SPY: 1.22

Calmar ratio

0.002.004.006.00CNOB: 0.99SPY: 1.20

Martin ratio

0.001.003.00CNOB: 0.16SPY: 0.42

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.

The chart below shows the rolling Sharpe ratio of CNOB compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Volatility Chart

The current Center Bancorp Inc volatility is 1.39%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.

Income Statement

The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.

2025202420232022202120202019201820172016201520142013
Liabilities And Equity (USD)14.00B9.88B9.86B9.64B8.13B7.55B6.17B5.46B5.11B4.43B4.02B3.45B1.24B
Equity Attributable To Parent (USD)1.57B1.24B1.22B1.18B1.12B915.31M731.19M613.93M565.44M531.03M477.34M446.22M130.13M
Equity Attributable To Noncontrolling Interest (USD)-------------
Equity (USD)1.57B1.24B1.22B1.18B1.12B915.31M731.19M613.93M565.44M531.03M477.34M446.22M130.13M
Long-term Debt (USD)------500.29M600.00M670.08M476.28M671.59M495.55M-
Noncurrent Liabilities (USD)-------------
Current Liabilities (USD)12.43B8.64B8.64B8.47B7.01B6.63B5.44B4.85B4.54B3.90B3.54B3.00B1.11B
Liabilities (USD)12.43B8.64B8.64B8.47B7.01B6.63B5.44B4.85B4.54B3.90B3.54B3.00B1.11B
Fixed Assets (USD)55.29M28.45M30.78M27.80M29.03M30.11M19.24M19.06M21.66M22.08M22.33M20.65M7.53M
Noncurrent Assets (USD)-------------
Current Assets (USD)14.00B9.88B9.86B9.64B8.13B7.55B6.17B5.46B5.11B4.43B4.02B3.45B1.24B
Assets (USD)14.00B9.88B9.86B9.64B8.13B7.55B6.17B5.46B5.11B4.43B4.02B3.45B1.24B

News and Insights

ConnectOne Bancorp, Inc. to Host 2025 First Quarter Results Conference Call on April 24, 2025

ConnectOne Bancorp, Inc. reported its fourth quarter and full-year 2024 results, and declared common and preferred dividends. The company operates through its subsidiary ConnectOne Bank and fintech subsidiary BoeFly, Inc.

GlobeNewswire Inc. faviconGlobeNewswire Inc.
ConnectOne Bancorp Shares Are Rarely This Cheap, Analyst Upgrades Stock And Price Forecast

Keefe, Bruyette & Woods upgraded ConnectOne Bancorp to Outperform and raised the price target to $32, citing multiple growth catalysts such as the merger with The First of Long Island Corporation, organic net interest margin expansion, and benefits from additional Fed rate cuts.

Benzinga faviconBenzingaLekha Gupta
Shareholders of ConnectOne Bancorp, Inc. and The First of Long Island Corporation Approve Proposed Merger

ConnectOne Bancorp, Inc. and The First of Long Island Corporation have received shareholder approval for their proposed merger. The combined company will operate under the ConnectOne brand and have approximately $14 billion in total assets, $11 billion in total deposits, and $11 billion in total loans.

Benzinga faviconBenzingaGlobe Newswire
ConnectOne Bancorp, Inc. to Host 2024 Third Quarter Results Conference Call on October 24, 2024

ConnectOne Bancorp, Inc. (CNOB) announced that it will release its third quarter 2024 results on October 24, 2024, and host a conference call to discuss the financial performance and operating results.

GlobeNewswire Inc. faviconGlobeNewswire Inc.
ConnectOne (CNOB) Reports Q1 Earnings: What Key Metrics Have to Say

Although the revenue and EPS for ConnectOne (CNOB) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks Investment Research faviconZacks Investment ResearchZacks Equity Research
ConnectOne Bancorp (CNOB) Q1 Earnings Lag Estimates

ConnectOne (CNOB) delivered earnings and revenue surprises of -2.38% and 0.34%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research faviconZacks Investment ResearchZacks Equity Research