Valley National Bancorp (VLY) Research & Development (2014 - 2022)

Valley National Bancorp (VLY) has reported Research & Development for 9 consecutive years, with $3.3 million the latest figure, recorded in Q1 2022.

• For the quarter ending Q1 2022, Research & Development rose 3.51% year-over-year to $3.3 million; the trailing twelve-month figure through Mar 2022 stood at $11.5 million (down 0.78% YoY), and the FY2021 full-year result was $11.4 million, up 6.26% from the prior year.
• Research & Development improved to $3.3 million in Q1 2022 per VLY's latest filing, from $2.9 million in the prior quarter.
• Across five years, Research & Development topped out at $3.6 million in Q1 2018 and bottomed at $2.1 million in Q3 2020.
• Historically, Research & Development has averaged $2.8 million across 5 years, with a median of $2.7 million in 2021.
• The sharpest annual moves came in 2019 and 2021: Research & Development tumbled 36.89% in 2019, then surged 38.17% in 2021.
• Over 5 years, Research & Development stood at $2.2 million in 2018, then advanced by 18.47% to $2.6 million in 2019, then jumped by 36.01% to $3.5 million in 2020, then decreased by 16.85% to $2.9 million in 2021, then increased by 12.72% to $3.3 million in 2022.
• According to Business Quant data, Research & Development over the past three periods registered $3.3 million, $2.9 million, and $2.6 million for Q1 2022, Q4 2021, and Q3 2021 respectively.