ConnectOne Bancorp is a New Jersey-based bank holding company operating through ConnectOne Bank, a commercial bank focused on small and mid-sized businesses, professionals, and individuals in the New York Metro area, with a smaller presence in Florida. ConnectOne's core business is straightforward: it takes in deposits and makes loans, generating revenue primarily through net interest income. The bank runs a "branch-lite" model, relying on business relationship officers who go to clients rather than a large branch network, keeping overhead low while maintaining client relationships. ConnectOne has grown through a series of in-market acquisitions, most recently completing the acquisition of The First of Long Island in June 2025 — its largest deal to date — which added 36 branches across Long Island and New York City boroughs and pushed the combined bank to roughly $14B in assets. NIM is the primary earnings driver, and ConnectOne is liability-sensitive, meaning falling rates benefit margins as deposit costs decline faster than loan yields. Beyond traditional banking, ConnectOne owns BoeFly, a fintech subsidiary that operates a digital marketplace connecting franchisors, franchisees, and lenders. BoeFly vets franchisee loan applicants and routes qualified opportunities to ConnectOne and other lenders, serving over 250 national franchise brands. ConnectOne is also building out an SBA lending business, originating SBA loans and selling them in the secondary market for gains on sale.