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
Revenue & Cost
Provisions 0.80M1.43M5.84M3.80M2.47M3.63M1.64M2.20M10.95M7.14M6.55M7.86M8.00M3.71M8.76M5.42M34.68M41.16M31.02M18.98M9.01M8.78M3.53M11.61M3.56M44.00M2.02M7.24M14.44M8.16M11.22M21.15M46.72M86.90M75.04M108.83M62.67M39.13M20.09M
Revenue 169.60M175.72M179.00M202.09M187.59M193.65M5.56M5.39M7.25M6.68M6.60M6.29M5.90M5.83M5.90M6.00M5.68M3.56M3.95M5.07M5.10M5.08M5.43M5.81M6.21M10.07M10.34M10.31M10.48M11.18M11.42M11.98M17.93M13.14M15.12M16.43M15.03M14.71M16.76M
Interest income
Interest income - Loans 166.07M169.43M171.14M174.24M174.35M181.72M185.86M192.54M237.59M247.69M265.87M282.85M288.28M296.93M298.38M315.31M333.07M321.88M315.79M313.97M313.18M315.31M309.75M319.14M317.37M415.58M496.52M599.01M655.23M715.17M753.64M762.89M771.55M770.96M786.68M750.67M703.61M720.28M733.19M
Interest income - Investments 28.06M31.52M26.73M-76.91M24.68M23.55M20.63M-59.05M65.13M60.54M54.37M-166.82M53.49M2.79M47.48M-143.96M3.40M3.09M2.68M2.47M1.87M2.17M1.50M1.81M1.68M3.08M2.74M3.98M5.18M7.52M5.30M6.14M6.83M6.34M5.93M5.86M5.66M5.53M4.89M
Interest Income - Debt Securities 110.96M112.16M106.82M111.44M115.63M111.51M124.18M116.02M168.48M145.45M146.27M144.67M22.88M22.49M21.80M160.18M21.93M19.45M18.25M14.02M18.39M12.72M14.47M15.85M18.44M27.53M28.26M31.30M32.29M31.92M32.38M34.12M35.80M40.46M49.70M55.98M63.90M67.16M70.21M
Interest Income - Fed Funds 0.36M0.30M0.19M0.28M0.33M0.28M0.55M0.64M0.93M0.84M0.81M0.67M1.09M1.17M1.69M1.78M1.47M0.41M0.42M0.26M0.22M0.23M0.64M0.64M0.46M1.57M4.00M7.04M22.20M27.28M17.11M10.21M9.68M10.90M13.38M17.51M6.88M7.36M14.02M
Interest Income - Total 185.60M189.03M191.20M201.09M198.46M207.01M210.74M217.95M267.50M280.12M297.04M314.59M320.22M327.74M329.26M343.77M363.79M348.52M337.34M334.06M331.80M333.65M328.80M339.98M340.46M452.95M536.73M646.55M720.23M787.46M813.02M818.18M828.66M833.47M860.55M834.83M784.75M805.01M826.92M
Interest expenses
Interest Expense - Deposits 9.59M9.96M10.16M10.42M10.18M12.71M15.64M16.76M22.32M24.76M28.77M32.55M38.17M40.33M42.85M45.34M42.81M29.86M19.03M14.37M11.12M11.17M10.61M9.98M9.63M17.12M50.67M109.29M150.77M164.84M201.92M221.50M232.51M231.60M235.37M214.49M200.22M203.39M210.92M
Interest Expense - Debt 16.74M15.27M13.94M13.24M12.95M13.79M15.14M16.34M17.23M17.06M16.16M15.30M14.57M14.86M16.89M17.46M16.42M17.50M19.32M17.97M15.15M14.13M11.31M10.38M9.53M10.31M11.73M15.62M33.95M50.21M29.16M14.43M30.93M39.05M39.49M38.35M36.41M38.15M36.12M
Interest Expenses 37.44M37.57M37.06M36.70M36.59M42.19M46.80M48.54M59.90M69.37M80.24M92.54M101.58M107.51M108.64M105.23M98.45M65.97M54.26M46.14M39.13M32.74M27.77M24.68M22.79M34.79M82.74M180.73M284.21M367.69M400.60M420.91M435.11M431.78M450.05M411.85M364.65M372.60M380.70M
Interest Income - Net 148.15M151.46M154.15M164.40M161.87M164.82M163.94M169.41M207.60M210.75M216.80M222.05M218.65M220.23M220.62M238.54M265.34M282.56M283.09M287.92M292.67M300.91M301.03M315.30M317.67M418.16M453.99M465.82M436.02M419.76M412.42M397.27M393.55M401.69M410.50M422.98M420.11M432.41M446.22M
Non-interest income
Interest Income - Total 147.35M150.03M148.31M155.56M159.40M161.19M162.31M167.21M196.65M203.61M210.25M214.19M210.65M218.13M211.93M233.12M230.66M241.40M252.18M268.94M284.01M292.16M297.50M303.60M314.11M374.16M451.97M458.58M421.58M413.71M403.30M376.69M348.35M319.62M335.47M316.44M357.44M394.61M427.05M
Financial Services Fees 4.71M4.84M4.58M4.97M5.06M4.36M4.52M4.22M3.82M4.03M3.65M3.72M2.52M2.65M2.75M2.49M2.75M2.23M2.55M2.83M2.90M3.19M2.89M2.67M2.78M3.46M3.75M2.90M2.67M3.14M2.68M3.06M3.19M3.96M3.44M3.47M3.40M3.67M3.40M
Service Charges 5.10M5.09M5.26M5.42M5.24M5.34M5.56M5.39M7.25M6.68M
Investment Gain (Loss) 0.27M-0.00M-0.01M0.52M-0.02M0.02M0.01M-0.03M-0.77M-0.04M-0.08M-1.46M-0.03M0.01M-0.09M-0.04M-0.04M-0.04M-0.05M0.65M0.10M0.38M0.79M0.49M-1.07M-0.31M0.32M-0.17M0.38M0.22M-0.40M0.91M0.05M0.00M0.05M0.00M0.05M-0.00M0.03M
Investment Banking Income 1.79M3.10M4.82M12.31M4.13M4.79M5.52M6.38M6.75M7.64M3.75M2.37M4.58M3.93M5.19M5.21M4.55M8.34M13.37M16.00M3.51M10.06M6.44M6.65M0.99M3.60M0.92M0.91M0.49M1.24M2.02M2.30M1.62M0.88M-3.64M-4.70M2.20M2.02M-1.30M
Income - Trust 2.44M2.54M2.63M2.73M2.74M2.80M3.06M2.93M3.23M3.26M
Other Non-Interest Income 19.65M21.16M20.03M20.35M21.59M24.04M21.48M23.78M25.59M30.55M27.19M32.60M9.76M11.01M19.11M31.54M19.83M20.74M24.98M-42.76M12.40M15.78M19.70M-14.18M6.97M12.59M13.70M11.90M14.68M11.49M13.15M-35.12M18.24M14.45M18.26M-46.27M0.64M12.19M10.43M
Non-Interest Income 21.45M24.26M24.85M37.70M25.72M28.83M27.00M30.16M32.25M38.07M29.04M34.69M107.67M27.60M41.15M38.09M41.40M44.83M49.27M47.53M31.23M43.13M42.43M38.22M39.27M58.53M56.19M52.80M54.30M60.08M58.66M52.69M61.41M51.21M60.67M51.20M58.29M62.60M64.89M
Operating Items
Amortization - Intangibles 3.69M3.73M4.02M4.09M4.03M3.94M3.75M3.67M5.72M5.64M5.02M5.12M4.80M4.36M4.70M4.70M5.50M6.70M6.40M6.12M6.01M5.45M5.30M5.03M4.44M11.40M11.10M10.90M10.52M9.81M9.74M9.67M9.41M8.60M8.70M8.35M8.02M7.43M7.54M
Research & Development 2.39M2.29M2.46M2.88M2.66M2.71M2.46M2.09M3.59M3.02M3.33M2.17M2.27M2.35M2.70M2.57M2.29M2.87M2.09M3.49M3.16M2.73M2.62M2.90M3.27M
Wages, Salaries and Other 60.26M56.07M58.11M68.78M65.93M63.56M69.29M64.56M93.29M78.94M80.78M80.80M83.11M76.18M77.27M90.87M85.73M78.53M83.63M85.33M88.10M91.09M93.99M102.67M107.73M154.80M134.57M129.63M144.99M149.59M137.29M131.72M141.83M140.81M138.83M137.12M142.62M145.42M146.82M
Rent Expense 22.79M22.17M20.66M21.52M23.04M22.61M22.76M23.84M27.92M26.90M26.30M27.64M27.89M29.70M29.20M31.40M32.44M33.22M31.12M-15.24M32.26M18.55M19.94M20.18M21.99M22.43M26.49M23.45M23.26M25.95M24.68M27.59M24.32M24.25M26.97M26.58M25.89M25.48M24.86M
Other Operating Expenses 93.05M95.34M90.15M100.42M95.26M93.92M107.34M110.38M142.23M120.00M122.06M123.90M77.72M-0.56M-0.16M1.34M0.12M-0.30M0.89M-2.61M-0.20M0.23M0.34M0.52M172.08M277.30M-0.11M1.27M0.12M0.16M6.65M-0.13M3.69M-0.00M0.06M-0.02M0.04M258.64M257.12M
Operating Expenses 118.22M119.80M113.27M124.83M120.95M119.24M132.56M136.32M173.75M149.92M151.68M153.71M147.79M141.74M145.88M196.15M155.66M157.17M160.19M173.14M160.21M171.89M174.92M184.51M197.34M299.73M261.64M266.24M272.17M282.97M267.13M340.42M280.31M277.50M269.47M278.58M276.62M284.12M281.99M
EBIT 88.02M92.06M96.95M105.13M100.75M112.97M103.53M109.59M115.05M161.13M167.85M187.72M272.10M211.51M215.83M180.30M214.85M195.03M195.52M189.47M194.16M196.13M192.78M181.99M178.83M167.75M329.26M425.87M487.93M558.51M595.43M509.87M564.56M525.11M576.73M500.91M503.77M545.70M590.65M
Non-operating items
Other Non Operating Income -0.32M32.00M-2.35M-9.68M
Net income details
EBT 50.58M54.49M59.89M68.43M64.17M70.78M56.74M61.06M55.15M91.76M87.61M95.18M170.53M104.00M107.20M75.07M116.40M129.07M141.26M143.34M155.03M163.39M165.00M157.31M156.04M132.97M246.52M245.14M203.72M190.82M194.83M88.97M129.45M93.33M126.67M89.06M139.12M173.09M209.96M
Tax Provisions 14.39M15.46M17.05M18.34M18.07M20.71M17.09M34.96M13.18M18.96M18.05M18.07M57.20M27.53M25.31M36.97M29.13M33.47M38.89M37.97M39.32M42.88M42.42M42.27M39.31M36.55M68.41M67.55M57.16M51.76M53.49M17.41M33.17M22.91M28.82M-26.65M33.06M39.92M46.60M
Profit After Tax 36.19M39.03M42.84M50.09M46.09M50.06M39.65M26.10M41.97M72.80M69.56M77.10M113.33M76.47M81.89M38.10M87.27M95.60M102.37M105.36M115.71M120.51M122.58M115.04M116.73M96.41M178.12M177.59M146.55M139.06M141.35M71.55M96.28M70.42M97.86M115.71M106.06M133.17M163.35M
Income from Continuing Operations 36.19M39.03M42.84M50.09M46.09M50.06M39.65M26.10M41.97M72.80M69.56M77.10M113.33M76.47M81.89M38.10M87.27M95.60M102.37M105.36M115.71M120.51M122.58M115.04M116.73M96.41M178.12M177.59M146.55M139.06M141.35M71.55M96.28M70.42M97.86M115.71M106.06M133.17M163.35M
Consolidated Net Income 36.19M39.03M42.84M50.09M46.09M50.06M39.65M26.10M41.97M72.80M69.56M77.10M113.33M76.47M81.89M38.10M87.27M95.60M102.37M105.36M115.71M120.51M122.58M115.04M116.73M96.41M178.12M177.59M146.55M139.06M141.35M71.55M96.28M70.42M97.86M115.71M106.06M133.17M163.35M
Income towards Parent Company 36.19M39.03M42.84M50.09M46.09M50.06M39.65M26.10M41.97M72.80M69.56M77.10M113.33M76.47M81.89M38.10M87.27M95.60M102.37M105.36M115.71M120.51M122.58M115.04M116.73M96.41M178.12M177.59M146.55M139.06M141.35M71.55M96.28M70.42M97.86M115.71M106.06M133.17M163.35M
Preferred Dividend Payments 1.80M1.80M1.80M1.80M1.80M1.80M2.68M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.17M3.63M3.87M4.03M4.13M4.10M4.12M4.11M6.12M7.03M6.96M6.95M7.64M
Net Income towards Common Stockholders 34.39M37.23M41.05M48.29M44.30M48.27M36.97M22.93M38.79M69.63M66.39M73.93M110.16M73.30M78.72M34.93M84.10M92.43M99.20M102.19M112.54M117.34M119.41M111.87M113.56M93.24M174.95M173.96M142.68M135.03M137.22M67.45M92.16M66.32M91.74M108.69M99.10M126.22M155.71M
Additional items
EPS (Basic) 0.140.150.160.190.170.180.140.090.120.210.200.220.330.220.240.100.210.230.250.260.280.290.290.270.270.180.350.340.280.270.270.130.180.130.180.210.180.230.28
EPS (Weighted Average and Diluted) 0.140.150.160.190.170.180.140.090.120.210.200.220.330.220.240.100.210.230.250.250.280.290.290.260.270.180.340.350.280.270.270.140.180.130.180.200.180.220.28
Shares Outstanding (Weighted Average) 254.11M254.38M254.48M254.53M263.84M263.97M264.03M264.37M330.82M331.26M331.47M331.49M331.98M331.75M331.79M331.80M403.75M403.80M403.80M403.88M405.61M405.88M406.61M406.95M421.39M506.31M506.34M506.36M507.75M507.88M507.63M507.68M508.88M509.18M509.22M509.37M560.28M560.34M559.72M
Shares Outstanding (Diluted Average) 254.35M254.77M254.94M255.27M264.55M264.78M264.94M264.89M332.47M332.90M333.00M332.69M332.83M332.96M333.41M340.12M405.42M405.04M404.91M405.05M407.64M408.66M409.24M410.02M423.51M508.48M508.69M487.82M
EBITDA 88.02M92.06M96.95M105.13M100.75M112.97M103.53M109.59M115.05M161.13M167.85M187.72M272.10M211.51M215.83M180.30M214.85M195.03M195.52M189.47M194.16M196.13M192.78M181.99M178.83M167.75M329.26M425.87M487.93M558.51M595.43M509.87M564.56M525.11M576.73M500.91M503.77M545.70M590.65M
Tax Rate 28.45%28.37%28.47%26.80%28.16%29.27%30.12%57.26%23.91%20.66%20.60%18.99%33.54%26.47%23.61%49.24%25.03%25.93%27.53%26.49%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%23.77%23.07%22.20%