Center Bancorp (Center Bancorp) Scaled Net Operating Assets : 0.14 (As of Dec. 2023)

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What is Center Bancorp Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Center Bancorp's operating assets for the quarter that ended in Dec. 2023 was $8,995.7 Mil. Center Bancorp's operating liabilities for the quarter that ended in Dec. 2023 was $7,612.8 Mil. Center Bancorp's Total Assets for the quarter that ended in Sep. 2023 was $9,678.9 Mil. Therefore, Center Bancorp's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.14.

Center Bancorp Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Center Bancorp's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(9612.889	-	7612.794)	/	9644.948
=	0.21

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	9855.603	-	242.714
=	9612.889

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	8638.983	-	1026.189	-	0
=	7612.794

Center Bancorp's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(8995.727	-	7612.794)	/	9678.885
=	0.14

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	9855.603	-	859.876
=	8995.727

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	8638.983	-	1026.189	-	0
=	7612.794

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Center Bancorp (Center Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Center Bancorp Inc (NAS:CNBC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

CNOB:USA CBM:Germany

Address

301 Sylvan Avenue, Englewood Cliffs, NJ, USA, 07632

Website

https://www.connectonebank.com

ConnectOne Bancorp Inc is a holding company. The company through its holding provides banking services including lending, depository, and related financial services to commercial, industrial and governmental customers. It is managed as one segment: a community bank. It generates revenue from net interest income.

Executives

Frank Iii Huttle	director	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Alexander Bol	director	C/O CENTER BANCORP INC, 2455 MORRIS AVENUE, UNION NJ 07083
William Thompson	director	C/O CENTER BANCORP INC, 2455 MORRIS AVENUE, UNION NJ 07083
Frank W Baier	director	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Mark Sokolich	director	204 MAIN STREET, FORT LEE NJ 07024
Nicholas Minoia	director	17 REGER ROAD, SUCCASUNNA NJ 07876
Michael W Kempner	director	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Joseph Jr. Parisi	director	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Stephen T. Boswell	director	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Katherin Nukk-freeman	director	C/O CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Daniel E Rifkin	director	C/O CONNECTONE BANK, 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Elizabeth Magennis	officer: EVP & Chief Lending Officer	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Michael J. Mcgrover	officer: FSVP & Chief Credit Officer	C/O CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Frank Iii Sorrentino	director, officer: Chairman, President & CEO	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632
Christopher J. Ewing	officer: EVP & Chief Operations Officer	CONNECTONE BANCORP, INC., 301 SYLVAN AVENUE, ENGLEWOOD CLIFFS NJ 07632