Valley National Bancorp Income Statement (2016-2025) | VLY

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Income Statement Mar2016 Jun2016 Sep2016 Dec2016 Mar2017 Jun2017 Sep2017 Dec2017 Mar2018 Jun2018 Sep2018 Dec2018 Mar2019 Jun2019 Sep2019 Dec2019 Mar2020 Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025 Dec2025
Revenue & Cost
Provisions (Quarter)
8.66M8.78M3.50M11.35M3.56M44.00M2.02M7.77M9.45M6.33M9.15M20.70M45.20M82.11M75.04M103.28M62.66M39.13M20.09M19.17M
Revenue (Quarter)
5.10M5.08M5.43M11.01M6.21M9.58M10.34M12.94M10.48M10.54M10.95M9.13M11.25M13.14M15.12M2.08M15.03M14.06M16.76M19.24M
Interest income
Interest income - Loans (Quarter)
313.18M315.31M309.75M319.14M317.37M415.58M496.52M599.01M655.23M715.17M753.64M762.89M771.55M770.96M786.68M750.67M703.61M720.28M733.19M724.21M
Interest income - Investments (Quarter)
1.87M2.17M1.50M1.81M1.68M3.08M2.74M3.98M5.18M7.52M5.30M6.14M6.83M6.34M5.93M5.86M5.66M5.53M4.89M5.32M
Interest Income - Debt Securities (Quarter)
18.39M11.34M14.47M13.17M18.44M22.28M28.26M45.39M32.29M28.29M32.38M36.60M29.02M30.48M31.25M33.50M32.34M32.91M70.21M177.86M
Interest Income - Fed Funds (Quarter)
0.22M0.23M0.64M0.64M0.46M1.57M4.00M7.04M22.20M27.28M17.11M10.21M9.68M10.90M13.38M17.51M6.88M7.36M14.02M8.59M
Interest Income - Total (Quarter)
331.80M333.65M328.80M339.98M340.46M452.95M536.73M646.55M720.23M787.46M813.02M818.18M828.66M833.47M860.55M834.83M784.75M805.01M826.92M815.80M
Interest expenses
Interest Expense - Deposits (Quarter)
11.09M11.17M4.39M3.33M2.83M3.27M15.17M48.42M150.77M164.84M164.34M165.35M151.06M231.60M235.37M158.72M200.22M203.39M133.11M116.66M
Interest Expense - Debt (Quarter)
15.15M14.13M11.31M46.59M9.53M10.31M5.16M37.14M19.20M26.88M5.19M28.53M20.61M39.05M0.45M0.29M36.41M38.15M0.56M141.28M
Interest Expenses (Quarter)
39.13M32.74M27.77M24.68M22.79M34.79M82.74M180.73M284.21M367.69M400.60M420.91M435.11M431.78M450.05M411.85M364.65M372.60M380.70M350.89M
Interest Income - Net (Quarter)
292.67M300.91M301.03M315.30M317.67M418.16M453.99M465.82M436.02M419.76M412.42M397.27M393.55M401.69M410.50M422.98M420.11M432.41M446.22M464.91M
Non-interest income
Interest Income - Total (Quarter)
284.01M292.16M297.50M303.60M314.11M374.16M451.97M458.58M421.58M413.71M403.30M376.69M348.35M319.62M335.47M316.44M357.44M394.61M427.05M444.76M
Financial Services Fees (Quarter)
2.90M3.19M1.61M2.67M1.86M2.72M3.14M2.20M2.42M2.70M2.68M3.22M2.25M3.96M3.44M3.30M3.40M3.67M2.91M3.61M
Service Charges (Quarter)
Investment Gain (Loss) (Quarter)
0.10M0.38M0.79M0.49M-1.07M-0.31M0.32M-0.17M0.38M0.22M-0.40M0.91M0.05M0.00M0.05M0.00M0.05M-0.00M0.03M0.00M
Investment Banking Income (Quarter)
3.51M10.06M6.44M6.65M0.99M3.60M0.92M0.91M0.49M1.24M2.02M2.30M1.62M0.88M-5.80M-13.70M2.20M2.02M0.74M1.94M
Income - Trust (Quarter)
Other Non-Interest Income (Quarter)
2.33M12.37M2.02M-39.06M2.05M2.11M1.68M2.20M9.15M4.20M4.20M4.20M3.23M1.20M1.20M1.20M0.64M8.93M8.36M9.74M
Non-Interest Income (Quarter)
31.23M43.13M42.43M38.22M39.27M58.53M56.19M52.80M54.30M60.08M58.66M52.69M61.41M51.21M60.67M51.20M58.29M62.60M64.89M76.34M
Operating Items
Amortization - Intangibles (Quarter)
6.00M3.22M5.30M-5.04M4.40M11.40M11.10M10.93M5.33M9.81M9.70M9.67M4.80M8.57M8.70M4.80M8.02M7.40M4.61M-4.44M
Research & Development (Quarter)
3.16M2.73M2.62M2.90M3.27M
Wages, Salaries and Other (Quarter)
88.10M91.09M93.99M102.67M107.73M154.80M134.57M129.63M144.99M149.59M137.29M131.72M141.83M140.81M138.83M137.12M142.62M145.42M146.82M144.66M
Rent Expense (Quarter)
32.26M18.55M19.94M20.18M21.99M22.43M26.49M23.45M23.26M25.95M24.68M27.59M24.32M24.25M26.97M26.58M25.89M25.48M24.86M26.06M
Other Operating Expenses (Quarter)
-0.20M0.23M0.34M0.52M172.08M277.30M-0.11M1.27M0.12M0.16M6.65M-0.13M3.69M-0.00M0.06M-0.02M0.04M258.64M257.12M273.34M
Operating Expenses (Quarter)
160.21M171.89M174.92M184.51M197.34M299.73M261.64M266.24M272.17M282.97M267.13M340.42M280.31M277.50M269.47M278.58M276.62M284.12M281.99M299.40M
EBIT (Quarter)
194.16M196.13M192.78M181.99M178.83M167.75M329.26M425.87M487.93M558.51M595.43M509.87M564.56M525.11M576.73M500.91M503.77M545.70M590.65M572.59M
Non-operating items
Other Non Operating Income (Quarter)
-8.41M-0.92M
Net income details
EBT (Quarter)
155.03M163.39M165.00M157.31M156.04M132.97M246.52M245.14M203.72M190.82M194.83M88.97M129.45M93.33M126.67M89.06M139.12M173.09M209.96M221.70M
Tax Provisions (Quarter)
39.32M42.88M42.42M42.27M39.31M36.55M68.41M67.55M57.16M51.76M53.49M17.41M33.17M22.91M28.82M-26.65M33.06M39.92M46.60M26.30M
Profit After Tax (Quarter)
115.71M120.51M122.58M115.04M116.73M96.41M178.12M177.59M146.55M139.06M141.35M71.55M96.28M70.42M97.86M115.71M106.06M133.17M163.35M195.40M
Income from Continuing Operations (Quarter)
115.71M120.51M122.58M115.04M116.73M96.41M178.12M177.59M146.55M139.06M141.35M71.55M96.28M70.42M97.86M115.71M106.06M133.17M163.35M195.40M
Consolidated Net Income (Quarter)
115.71M120.51M122.58M115.04M116.73M96.41M178.12M177.59M146.55M139.06M141.35M71.55M96.28M70.42M97.86M115.71M106.06M133.17M163.35M195.40M
Income towards Parent Company (Quarter)
115.71M120.51M122.58M115.04M116.73M96.41M178.12M177.59M146.55M139.06M141.35M71.55M96.28M70.42M97.86M115.71M106.06M133.17M163.35M195.40M
Preferred Dividend Payments (Quarter)
3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.63M3.87M4.03M4.13M4.10M4.12M4.11M6.12M7.03M6.96M6.95M7.64M7.43M
Net Income towards Common Stockholders (Quarter)
112.54M117.34M119.41M111.87M113.56M93.24M174.95M173.96M142.68M135.03M137.22M67.45M92.16M66.32M91.74M108.69M99.10M126.22M155.71M187.97M
Additional items
EPS (Basic) (Quarter)
0.280.290.290.270.270.180.350.340.280.270.270.130.180.130.180.210.180.230.280.34
EPS (Weighted Average and Diluted) (Quarter)
0.280.290.290.260.270.180.340.350.280.270.270.140.180.130.180.200.180.220.280.33
Shares Outstanding (Weighted Average) (Quarter)
405.15M405.96M406.82M407.45M421.57M506.30M478.38M485.43M507.11M507.69M507.65M507.53M508.34M508.74M508.90M515.76M559.61M559.98M560.50M559.64M
Shares Outstanding (Diluted Average) (Quarter)
407.64M408.15M408.51M410.02M423.51M508.48M480.63M487.82M
EBITDA (Quarter)
194.16M196.13M192.78M181.99M178.83M167.75M329.26M425.87M487.93M558.51M595.43M509.87M564.56M525.11M576.73M500.91M503.77M545.70M590.65M572.59M
Tax Rate (Quarter)
25.36%26.24%25.71%26.87%25.19%27.49%27.75%27.55%28.06%27.12%27.45%19.57%25.63%24.54%22.75%-29.92%23.77%23.07%22.20%11.86%