ConnectOne Bancorp, Inc. (NASDAQ:CNOB) Q3 2024 Earnings Call Transcript October 24, 2024 10:00 AM ET

Company Participants

Siya Vansia - Chief Brand & Innovation Officer
Frank Sorrentino - Chairman & Chief Executive Officer
Bill Burns - Senior Executive Vice President & Chief Financial Officer

Conference Call Participants

Matt Breese - Stephens Inc.
Dan Tamayo - Raymond James
Frank Schiraldi - Piper Sandler
Tim Switzer - KBW

Operator

Hello, and welcome to ConnectOne Bancorp Third Quarter 2024 Earnings Call. Please note that all lines are in listen-only mode.

At this time, it is now my pleasure to turn the call over to Siya Vansia, Chief Brand and Innovation Officer. You may begin.

Siya Vansia

Good morning, and welcome to today's conference call to review ConnectOne's results for the third quarter of 2024 and to update you on recent developments. On today's conference call will be Frank Sorrentino, Chairman and Chief Executive Officer; and Bill Burns, Senior Executive Vice President and Chief Financial Officer.

I'd also like to caution you that we may make forward-looking statements during today's conference call that are subject to risks and uncertainties. Factors that may cause actual results to differ materially from expectations are detailed in our SEC filings. The forward-looking statements included in this conference call are only made as of the date of this call and the company is not obligated to publicly update or revise them.

In addition, certain terms used in this call are non-GAAP financial measures, reconciliations of which are provided in the company's earnings release and accompanying tables or schedules, which have been filed today on Form 8-K with the SEC and may also be accessed through the company's website.

I will now turn the call over to Frank Sorrentino. Frank, please go ahead.

Frank Sorrentino

Thank you, Siya, and we appreciate everyone joining us this morning. So throughout 2024, we remain committed to our strategic priorities, including supporting our clients, extending our competitive position, driving profitable growth and investing in our valuable franchise.

Before discussing our third quarter performance, I'd like to take a moment to review our recently announced merger agreement with First of Long Island Corporation. The prudently structured transaction brings to strong complementary financial institutions that are well positioned in their respective markets.

Expected to close during the first half of 2025, we believe it's a compelling financially disciplined transaction that creates meaningful synergies and a significantly enhanced platform for continued growth.