ConnectOne Bancorp (CNOB) Rent Expense (2010 - 2026)
ConnectOne Bancorp's (CNOB) quarterly Rent Expense came in at $5.5 million in Q2 2026, up 58.68% on a YoY basis from $3.5 million in Q2 2025, and up 3.26% quarter-over-quarter from $5.3 million in Q1 2026.
Analysis
ConnectOne Bancorp (CNOB) Rent Expense (2010 - 2026) Analysis & Trends
ConnectOne Bancorp (CNOB) has reported Rent Expense for 15 consecutive years, with $5.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Rent Expense rose 58.68% year-over-year to $5.5 million; the trailing twelve-month figure through Jun 2026 stood at $21.3 million (up 79.11% YoY), and the FY2025 full-year result was $16.5 million, up 42.45% from the prior year.
- Rent Expense improved to $5.5 million in Q2 2026 per CNOB's latest filing, from $5.3 million in the prior quarter.
- Across five years, Rent Expense topped out at $5.5 million in Q2 2026 and bottomed at $1.9 million in Q1 2022.
- Historically, Rent Expense has averaged $3.3 million across 5 years, with a median of $2.8 million in 2023.
- The sharpest annual moves came in 2022 and 2026: Rent Expense slumped 43.33% in 2022, then soared 99.44% in 2026.
- Over 5 years, Rent Expense stood at $2.6 million in 2022, then gained by 4.03% to $2.7 million in 2023, then grew by 4.06% to $2.8 million in 2024, then surged by 86.83% to $5.3 million in 2025, then gained by 4.82% to $5.5 million in 2026.
- According to Business Quant data, Rent Expense over the past three periods registered $5.5 million, $5.3 million, and $5.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 948.96 Bn | 948.96 Bn | - | - |
| 2 | Truist Financial | 61.64 Bn | 61.64 Bn | - | 171.00 Mn |
| 3 | Fifth Third Bancorp | 49.62 Bn | 25.89 Bn | - | 154.00 Mn |
| 4 | M&T Bank | 34.88 Bn | 34.88 Bn | - | 129.00 Mn |
| 5 | Huntington Bancshares | 33.82 Bn | 29.29 Bn | - | 90.00 Mn |
| 6 | Citizens Financial | 29.46 Bn | 29.46 Bn | - | 108.00 Mn |
| 7 | Regions Financial | 25.57 Bn | 25.57 Bn | - | 73.00 Mn |
| 8 | First Citizens Bancshares | 25.00 Bn | 24.48 Bn | 29.00 Mn | 59.00 Mn |
| 9 | Keycorp | 23.27 Bn | -24.42 Bn | - | 68.00 Mn |
| 10 | ConnectOne Bancorp | 1.59 Bn | 366.63 Mn | - | 5.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.52 Mn |
| Mar 31, 2026 | 5.35 Mn |
| Dec 31, 2025 | 5.27 Mn |
| Sep 30, 2025 | 5.12 Mn |
| Jun 30, 2025 | 3.48 Mn |
| Mar 31, 2025 | 2.68 Mn |
| Dec 31, 2024 | 2.82 Mn |
| Sep 30, 2024 | 2.89 Mn |
| Jun 30, 2024 | 2.90 Mn |
| Mar 31, 2024 | 3.01 Mn |
| Dec 31, 2023 | 2.71 Mn |
| Sep 30, 2023 | 2.74 Mn |
| Jun 30, 2023 | 2.68 Mn |
| Mar 31, 2023 | 2.76 Mn |
| Dec 31, 2022 | 2.60 Mn |
| Sep 30, 2022 | 2.60 Mn |
| Jun 30, 2022 | 2.73 Mn |
| Mar 31, 2022 | 1.93 Mn |
| Dec 31, 2021 | 2.76 Mn |
| Sep 30, 2021 | 2.66 Mn |