Valley National Bancorp (VLY) Non Operating Interest Expenses (2009 - 2024)

Valley National Bancorp (VLY) has reported Non Operating Interest Expenses for 16 consecutive years, with $435.1 million the latest figure, recorded in Q1 2024.

• For the quarter ending Q1 2024, Non Operating Interest Expenses rose 53.09% year-over-year to $435.1 million; the trailing twelve-month figure through Mar 2024 stood at $1.6 billion (up 178.87% YoY), and the FY2023 full-year result was $1.5 billion, up 358.95% from the prior year.
• Non Operating Interest Expenses rose to $435.1 million in Q1 2024 per VLY's latest filing, from $420.9 million in the prior quarter.
• Across five years, Non Operating Interest Expenses topped out at $435.1 million in Q1 2024 and bottomed at $22.8 million in Q1 2022.
• Historically, Non Operating Interest Expenses has averaged $154.0 million across 5 years, with a median of $66.0 million in 2020.
• The sharpest annual moves came in 2021 and 2023: Non Operating Interest Expenses sank 60.25% in 2021, then soared 1147.14% in 2023.
• Over 5 years, Non Operating Interest Expenses stood at $46.1 million in 2020, then plunged by 46.51% to $24.7 million in 2021, then jumped by 632.36% to $180.7 million in 2022, then soared by 132.89% to $420.9 million in 2023, then rose by 3.37% to $435.1 million in 2024.
• According to Business Quant data, Non Operating Interest Expenses over the past three periods registered $435.1 million, $420.9 million, and $400.6 million for Q1 2024, Q4 2023, and Q3 2023 respectively.