Valley National Bancorp (VLY) Research & Development (2014 - 2022)
Valley National Bancorp's (VLY) quarterly Research & Development came in at $3.3 million in Q1 2022, up 3.51% YoY from $3.2 million in Q1 2021, and up 12.72% on a QoQ basis from $2.9 million in Q4 2021.
Valley National Bancorp (VLY) Research & Development (2014 - 2022) Analysis & Trends
Valley National Bancorp (VLY) has 9 years of Research & Development data on file, last reported at $3.3 million in Q1 2022.
- Quarterly Research & Development rose 3.51% year-over-year to $3.3 million in Q1 2022, while the trailing twelve-month figure through Mar 2022 was $11.5 million (down 0.78% YoY) and the FY2021 annual result came in at $11.4 million, up 6.26% from the prior year.
- Research & Development grew to $3.3 million in Q1 2022, from $2.9 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $3.6 million in Q1 2018 to a low of $2.1 million in Q3 2020.
- A 5-year average of $2.8 million and a median of $2.7 million in 2021 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2019 — Research & Development slumped 36.89% — and 2021, when it jumped 38.17%.
- Tracing VLY's Research & Development over 5 years: stood at $2.2 million in 2018, then rose by 18.47% to $2.6 million in 2019, then surged by 36.01% to $3.5 million in 2020, then fell by 16.85% to $2.9 million in 2021, then climbed by 12.72% to $3.3 million in 2022.
- The last three Research & Development figures came in at $3.3 million (Q1 2022), $2.9 million (Q4 2021), and $2.6 million (Q3 2021), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 250.00 Mn |
| 10 | Valley National Bancorp | 7.83 Bn | 7.50 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2022 | 3.27 Mn |
| Dec 31, 2021 | 2.90 Mn |
| Sep 30, 2021 | 2.62 Mn |
| Jun 30, 2021 | 2.73 Mn |
| Mar 31, 2021 | 3.16 Mn |
| Dec 31, 2020 | 3.49 Mn |
| Sep 30, 2020 | 2.09 Mn |
| Jun 30, 2020 | 2.87 Mn |
| Mar 31, 2020 | 2.29 Mn |
| Dec 31, 2019 | 2.57 Mn |
| Sep 30, 2019 | 2.70 Mn |
| Jun 30, 2019 | 2.35 Mn |
| Mar 31, 2019 | 2.27 Mn |
| Dec 31, 2018 | 2.17 Mn |
| Sep 30, 2018 | 3.33 Mn |
| Jun 30, 2018 | 3.02 Mn |
| Mar 31, 2018 | 3.59 Mn |
| Dec 31, 2017 | 2.09 Mn |
| Sep 30, 2017 | 2.46 Mn |
| Jun 30, 2017 | 2.71 Mn |