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Side-by-side financial comparison of ConnectOne Bancorp, Inc. (CNOB) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
ConnectOne Bancorp, Inc. is the larger business by last-quarter revenue ($115.6M vs $78.6M, roughly 1.5× Repay Holdings Corp). ConnectOne Bancorp, Inc. runs the higher net margin — 32.7% vs -178.3%, a 211.0% gap on every dollar of revenue. Over the past eight quarters, ConnectOne Bancorp, Inc.'s revenue compounded faster (32.5% CAGR vs -1.3%).
Citizens Republic Bancorp was a bank holding company for Citizens Bank, headquartered in Flint, Michigan. It merged with FirstMerit Bank in June 2013. It operated 219 branches and 248 ATMs in Michigan, Wisconsin, and Ohio. FirstMerit merged with Huntington Bancshares in 2016.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
CNOB vs RPAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $115.6M | $78.6M |
| Net Profit | $37.8M | $-140.1M |
| Gross Margin | — | 74.2% |
| Operating Margin | — | -182.2% |
| Net Margin | 32.7% | -178.3% |
| Revenue YoY | — | 0.4% |
| Net Profit YoY | 86.8% | -3304.1% |
| EPS (diluted) | $0.72 | $-1.68 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $115.6M | — | ||
| Q4 25 | $112.6M | $78.6M | ||
| Q3 25 | $121.4M | $77.7M | ||
| Q2 25 | $84.1M | $75.6M | ||
| Q1 25 | $70.2M | $77.3M | ||
| Q4 24 | $68.5M | $78.3M | ||
| Q3 24 | $65.6M | $79.1M | ||
| Q2 24 | $65.8M | $74.9M |
| Q1 26 | $37.8M | — | ||
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $41.0M | $-6.4M | ||
| Q2 25 | $-20.3M | $-102.3M | ||
| Q1 25 | $20.2M | $-7.9M | ||
| Q4 24 | — | $-4.1M | ||
| Q3 24 | $17.2M | $3.2M | ||
| Q2 24 | $19.1M | $-4.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 74.2% | ||
| Q3 25 | — | 74.4% | ||
| Q2 25 | — | 75.7% | ||
| Q1 25 | — | 75.9% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 78.2% |
| Q1 26 | — | — | ||
| Q4 25 | 47.4% | -182.2% | ||
| Q3 25 | 47.2% | -3.9% | ||
| Q2 25 | -30.1% | -138.7% | ||
| Q1 25 | 39.0% | -4.7% | ||
| Q4 24 | 38.6% | -1.5% | ||
| Q3 24 | 35.3% | -0.9% | ||
| Q2 24 | 39.1% | -4.6% |
| Q1 26 | 32.7% | — | ||
| Q4 25 | — | -178.3% | ||
| Q3 25 | 33.7% | -8.3% | ||
| Q2 25 | -24.1% | -135.2% | ||
| Q1 25 | 28.8% | -10.3% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 26.2% | 4.1% | ||
| Q2 24 | 28.9% | -5.4% |
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.88 | $-1.68 | ||
| Q3 25 | $0.78 | $-0.08 | ||
| Q2 25 | $-0.52 | $-1.15 | ||
| Q1 25 | $0.49 | $-0.09 | ||
| Q4 24 | $0.48 | $-0.04 | ||
| Q3 24 | $0.41 | $0.03 | ||
| Q2 24 | $0.46 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $344.5M | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $1.6B | $484.4M |
| Total Assets | $14.2B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $344.5M | — | ||
| Q4 25 | $380.9M | $115.7M | ||
| Q3 25 | $542.7M | $95.7M | ||
| Q2 25 | $596.5M | $162.6M | ||
| Q1 25 | $292.6M | $165.5M | ||
| Q4 24 | $356.5M | $189.5M | ||
| Q3 24 | $247.2M | $168.7M | ||
| Q2 24 | $293.5M | $147.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $484.4M | ||
| Q3 25 | $1.5B | $616.9M | ||
| Q2 25 | $1.5B | $633.7M | ||
| Q1 25 | $1.3B | $755.7M | ||
| Q4 24 | $1.2B | $761.3M | ||
| Q3 24 | $1.2B | $754.7M | ||
| Q2 24 | $1.2B | $815.4M |
| Q1 26 | $14.2B | — | ||
| Q4 25 | $14.0B | $1.2B | ||
| Q3 25 | $14.0B | $1.3B | ||
| Q2 25 | $13.9B | $1.4B | ||
| Q1 25 | $9.8B | $1.5B | ||
| Q4 24 | $9.9B | $1.6B | ||
| Q3 24 | $9.6B | $1.6B | ||
| Q2 24 | $9.7B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $23.3M |
| Free Cash FlowOCF − Capex | — | $23.2M |
| FCF MarginFCF / Revenue | — | 29.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $106.4M | $23.3M | ||
| Q3 25 | $37.4M | $32.2M | ||
| Q2 25 | $6.5M | $33.1M | ||
| Q1 25 | $14.9M | $2.5M | ||
| Q4 24 | $60.7M | $34.3M | ||
| Q3 24 | $-14.4M | $60.1M | ||
| Q2 24 | $22.3M | $31.0M |
| Q1 26 | — | — | ||
| Q4 25 | $101.0M | $23.2M | ||
| Q3 25 | $33.9M | $32.1M | ||
| Q2 25 | $6.4M | $33.0M | ||
| Q1 25 | $14.6M | $2.4M | ||
| Q4 24 | $56.9M | $34.0M | ||
| Q3 24 | $-15.6M | $59.8M | ||
| Q2 24 | $22.2M | $30.5M |
| Q1 26 | — | — | ||
| Q4 25 | 89.7% | 29.6% | ||
| Q3 25 | 27.9% | 41.3% | ||
| Q2 25 | 7.6% | 43.6% | ||
| Q1 25 | 20.8% | 3.0% | ||
| Q4 24 | 83.1% | 43.5% | ||
| Q3 24 | -23.8% | 75.6% | ||
| Q2 24 | 33.7% | 40.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 0.1% | ||
| Q3 25 | 2.8% | 0.2% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.4% | 0.2% | ||
| Q4 24 | 5.5% | 0.3% | ||
| Q3 24 | 1.9% | 0.3% | ||
| Q2 24 | 0.2% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.91× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.84× | 18.52× | ||
| Q2 24 | 1.17× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNOB
| Net Interest Income | $108.8M | 94% |
| Noninterest Income | $6.8M | 6% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
