NASDAQ : VLY
Valley National Bancorp — Financial statements
Financials · Banks - Regional · United States
Last price 14.14 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 7.79B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 2.93B | 2.88B | 3.08B | 2.89B | 1.83B | 1.26B |
| Interest Income on Investments | 371.64M | 351.19M | 277.63M | 251.96M | 148.21M | 76.84M |
| Total Interest Income | 3.31B | 3.23B | 3.36B | 3.14B | 1.98B | 1.33B |
| Interest Paid on Deposits | 1.23B | 1.32B | 1.56B | 1.27B | 256.40M | 67.97M |
| Interest Paid on Borrowings | 144.90M | 152.26M | 169.86M | 198.64M | 64.64M | 56.35M |
| Total Interest Expense | 1.38B | 1.47B | 1.73B | 1.47B | 321.04M | 124.33M |
| Net Interest Income | 1.93B | 1.76B | 1.63B | 1.67B | 1.66B | 1.21B |
| Trust Income | 74.05M | 63.44M | 62.62M | 44.16M | 34.71M | 14.91M |
| Gain (Loss) on Sale of Assets | -3.00K | -3.00K | 3.73M | 6.81M | 897.00K | 901.00K |
| Gain (Loss) on Sale of Investments | -66.94M | -41.72M | -18.85M | -16.91M | -13.64M | -9.15M |
| Other Non-Interest Income | 139.00M | 130.49M | 108.29M | 126.30M | 129.07M | 89.35M |
| Total Non-Interest Income | 227.27M | 220.33M | 198.22M | 207.72M | 194.39M | 144.10M |
| Revenues Before Loan Losses | 2.16B | 1.98B | 1.83B | 1.87B | 1.85B | 1.35B |
| Provision for Loan Losses | 101.20M | 139.77M | 308.83M | 50.18M | 56.82M | 32.63M |
| Revenue | 2.05B | 1.84B | 1.52B | 1.82B | 1.79B | 1.32B |
| Salaries and Employee Benefits | 564.78M | 546.96M | 527.57M | 520.52M | 497.95M | 354.98M |
| Occupancy Expenses | 58.65M | 54.79M | 53.87M | 54.42M | 49.55M | 43.44M |
| Federal Deposit Insurance | 48.10M | 48.55M | 52.72M | 37.86M | 22.84M | 14.18M |
| Amortization of Goodwill & Intangibles | 26.94M | 30.43M | 35.05M | 39.77M | 37.83M | 21.83M |
| Selling, General & Administrative | 310.21M | 284.63M | 282.67M | 307.88M | 317.96M | 182.35M |
| Other Non-Interest Expense | 153.87M | 137.49M | 124.25M | 120.42M | 86.42M | 53.34M |
| Total Non-Interest Expense | 1.16B | 1.10B | 1.08B | 1.08B | 1.01B | 670.13M |
| EBT Excluding Unusual Items | 892.43M | 741.36M | 441.98M | 742.14M | 780.67M | 651.25M |
| Legal Settlements | 1.80M | -773.00K | 7.33M | -3.54M | -2.10M | |
| Other Unusual Items | 9.49M | 8.57M | -8.76M | -50.30M | -8.41M | |
| Pretax Income | 894.88M | 743.87M | 438.52M | 678.33M | 780.67M | 640.74M |
| Income Tax Expense | 158.38M | 145.89M | 58.25M | 179.82M | 211.82M | 166.90M |
| Net Income | 736.50M | 597.98M | 380.27M | 498.51M | 568.85M | 473.84M |
| Preferred Dividends & Other Adjustments | 29.30M | 28.98M | 21.37M | 16.14M | 13.15M | 12.69M |
| Net Income to Common | 707.20M | 569.00M | 358.90M | 482.38M | 555.71M | 461.15M |
| Basic Shares Outstanding | 554.98M | 559.64M | 515.76M | 507.53M | 485.43M | 407.45M |
| Diluted Shares Outstanding | 558.96M | 563.83M | 517.99M | 509.25M | 487.82M | 410.02M |
| EPS (Basic) | 1.27 | 1.02 | 0.70 | 0.95 | 1.14 | 1.13 |
| EPS (Diluted) | 1.26 | 1.01 | 0.69 | 0.95 | 1.14 | 1.12 |
| Dividend Per Share | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 |
| Effective Tax Rate | 17.70% | 19.61% | 13.28% | 26.51% | 27.13% | 26.05% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 339.68M | 1.58B | 1.89B | 891.23M | 947.95M | 2.05B |
| Investment Securities | 878.02M | 2.03B | 1.88B | 1.73B | 1.68B | 3.00B |
| Trading Asset Securities | 26.75M | 182.67M | 444.26M | 470.20M | 480.56M | 219.63M |
| Mortgage-Backed Securities | 7.96B | 6.25B | 5.39B | 3.51B | 3.54B | 904.50M |
| Total Investments | 8.86B | 8.46B | 7.72B | 5.71B | 5.70B | 4.12B |
| Gross Loans | 53.19B | 50.15B | 48.85B | 50.30B | 47.04B | 34.23B |
| Allowance for Loan Losses | -580.80M | -583.40M | -558.85M | -446.08M | -458.65M | -359.20M |
| Other Adjustments to Gross Loans | -17.40M | -45.30M | -85.40M | -120.50M | -78.50M | |
| Net Loans | 52.61B | 49.55B | 48.24B | 49.76B | 46.46B | 33.79B |
| Property, Plant & Equipment | 604.48M | 644.65M | 679.27M | 724.54M | 664.91M | 585.42M |
| Goodwill | 1.87B | 1.87B | 1.87B | 1.87B | 1.87B | 1.46B |
| Other Intangible Assets | 83.46M | 81.11M | 107.53M | 138.38M | 173.65M | 46.70M |
| Loans Held for Sale | 16.20M | 26.24M | 25.68M | 30.64M | 18.12M | 139.52M |
| Accrued Interest Receivable | 259.99M | 243.90M | 239.94M | 245.50M | 196.61M | 96.88M |
| Long-Term Deferred Tax Assets | 144.02M | 203.61M | 195.23M | 194.36M | 78.61M | |
| Other Real Estate Owned & Foreclosed | 2.40M | 5.82M | 13.83M | 1.51M | 2.22M | 5.19M |
| Other Long-Term Assets | 2.83B | 1.52B | 1.50B | 1.36B | 1.24B | 1.07B |
| Total Assets | 67.47B | 64.13B | 62.49B | 60.93B | 57.46B | 43.45B |
| Accrued Expenses | 1.28B | 437.78M | 683.31M | 633.79M | 672.31M | 251.10M |
| Interest Bearing Deposits | 42.78B | 37.37B | 36.28B | 35.12B | 31.99B | 23.10B |
| Institutional Deposits | 2.66B | 2.37B | 2.59B | 1.18B | 861.50M | |
| Non-Interest Bearing Deposits | 12.45B | 12.16B | 11.43B | 11.54B | 14.46B | 11.68B |
| Total Deposits | 55.23B | 52.18B | 50.08B | 49.24B | 47.64B | 35.63B |
| Short-Term Borrowings | 50.26M | 275.64M | 526.92M | 1.41B | 745.97M | 708.10M |
| Current Portion of Long-Term Debt | 601.80M | |||||
| Current Portion of Leases | 55.98M | |||||
| Accrued Interest Payable | 89.68M | 150.56M | 159.50M | 45.62M | 4.91M | |
| Long-Term Debt | 2.61B | 444.98M | 647.55M | 638.36M | 754.64M | 634.64M |
| Federal Home Loan Bank Debt, Long-Term | 1.86B | 2.53B | 1.69B | 788.42M | 789.03M | |
| Long-Term Leases | 348.50M | 316.47M | 388.30M | 403.78M | 358.88M | 283.11M |
| Trust Preferred Securities | 58.06M | 57.80M | 57.45M | 57.11M | 56.76M | 56.41M |
| Other Long-Term Liabilities | 2.27M | 2.44M | 2.66M | |||
| Total Liabilities | 59.57B | 56.33B | 55.06B | 54.23B | 51.06B | 38.36B |
| Preferred Stock, Redeemable | 354.35M | 354.35M | 354.35M | 209.69M | 209.69M | 209.69M |
| Total Preferred Equity | 354.35M | 354.35M | 354.35M | 209.69M | 209.69M | 209.69M |
| Common Stock | 196.73M | 196.73M | 196.00M | 178.19M | 178.19M | 148.48M |
| Additional Paid-In Capital | 5.47B | 5.46B | 5.44B | 4.99B | 4.98B | 3.88B |
| Retained Earnings | 2.24B | 1.91B | 1.60B | 1.47B | 1.22B | 883.64M |
| Treasury Stock | -131.34M | -46.78M | -1.39M | -21.75M | -22.86M | |
| Comprehensive Income & Other | -232.19M | -74.38M | -155.33M | -146.46M | -164.00M | -17.93M |
| Total Common Equity | 7.54B | 7.45B | 7.08B | 6.49B | 6.19B | 4.87B |
| Shareholders' Equity | 7.90B | 7.81B | 7.44B | 6.70B | 6.40B | 5.08B |
| Total Liabilities & Equity | 67.47B | 64.13B | 62.49B | 60.93B | 57.46B | 43.45B |
| Total Debt | 3.06B | 3.61B | 4.15B | 4.20B | 2.70B | 2.47B |
| Net Cash (Debt) | -1.91B | -1.85B | -1.81B | -2.83B | -1.28B | -201.75M |
| Net Cash Per Share | -3.42 | -3.28 | -3.50 | -5.56 | -2.62 | -0.49 |
| Filing Date Shares Outstanding | 550.62M | 555.43M | 560.28M | 508.88M | 507.75M | 421.39M |
| Total Common Shares Outstanding | 550.62M | 556.62M | 558.79M | 507.71M | 506.37M | 421.44M |
| Book Value Per Share | 13.70 | 13.39 | 12.67 | 12.79 | 12.23 | 11.57 |
| Tangible Book Value | 5.59B | 5.50B | 5.10B | 4.48B | 4.15B | 3.37B |
| Tangible Book Value Per Share | 10.15 | 9.89 | 9.13 | 8.83 | 8.19 | 7.99 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 597.98M | 380.27M | 498.51M | 568.85M | 473.84M | |
| Depreciation & Amortization | 68.72M | 78.83M | 83.20M | 79.44M | 51.82M | |
| Gain (Loss) on Sale of Assets | 3.00K | -3.73M | -6.81M | -897.00K | -901.00K | |
| Gain (Loss) on Sale of Investments | -9.25M | -3.38M | -2.55M | 10.56M | 29.71M | |
| Total Asset Writedown | -865.00K | |||||
| Provision for Credit Losses | 139.77M | 308.83M | 50.18M | 56.82M | 32.63M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 11.73M | 9.04M | 889.00K | 122.51M | 177.09M | |
| Change in Trading Asset Securities | 3.97M | 9.46M | 24.69M | -38.13M | ||
| Accrued Interest Receivable | -3.96M | 5.56M | -48.89M | -74.01M | 11.53M | |
| Change in Other Net Operating Assets | -493.36M | -259.54M | -223.50M | 610.66M | 70.96M | |
| Other Operating Activities | 11.82M | -6.14M | -9.36M | 7.49M | 35.23M | |
| Operating Cash Flow | 343.83M | 548.54M | 378.19M | 1.43B | 837.14M | |
| Cash Acquisitions | 321.54M | 321.62M | ||||
| Investment in Securities | -701.51M | -1.89B | 49.65M | -187.16M | -344.58M | |
| Divestitures | 98.06M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -1.46B | 1.09B | -3.35B | -6.87B | -1.03B | |
| Other Investing Activities | 13.19M | 9.12M | 5.22M | 4.68M | 5.13M | |
| Investing Cash Flow | -2.16B | -709.28M | -3.35B | -6.79B | -1.08B | |
| Short-Term Debt Issued | 18.76M | 779.11M | ||||
| Long-Term Debt Issued | 210.00M | 1.00B | 1.25B | 147.51M | 295.92M | |
| Total Debt Issued | 228.76M | 1.00B | 2.03B | 147.51M | 295.92M | |
| Short-Term Debt Repaid | -845.12M | -620.79M | -492.23M | |||
| Long-Term Debt Repaid | -488.00M | -165.00M | -475.00M | -1.17B | ||
| Total Debt Repaid | -488.00M | -1.01B | -475.00M | -620.79M | -1.66B | |
| Net Debt Issued (Repaid) | -259.24M | -8.32M | 1.56B | -473.28M | -1.36B | |
| Issuance of Common Stock | 17.51M | 451.16M | 4.01M | 120.00K | 11.24M | |
| Repurchase of Common Stock | -72.80M | -8.87M | -11.47M | -24.12M | -23.91M | |
| Preferred Stock Issued | 144.65M | |||||
| Common Dividends Paid | -248.88M | -228.23M | -225.41M | -206.00M | -179.67M | |
| Preferred Dividends Paid | -28.98M | -21.37M | -14.34M | -13.15M | -12.69M | |
| Total Dividends Paid | -277.87M | -249.60M | -239.75M | -219.15M | -192.35M | |
| Net Increase (Decrease) in Deposit Accounts | 2.11B | 830.61M | 1.61B | 4.97B | 2.53B | |
| Other Financing Activities | -156.00K | -3.00K | -18.00K | -745.00K | -680.00K | |
| Financing Cash Flow | 1.51B | 1.16B | 2.91B | 4.26B | 964.35M | |
| Net Cash Flow | -306.56M | 998.90M | -56.72M | -1.10B | 720.72M | |
| Cash Interest Paid | 1.53B | 1.74B | 1.36B | 281.14M | 138.36M | |
| Cash Income Tax Paid | 53.46M | 89.70M | 236.50M | 172.10M | 163.37M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 7.96B | 6.51B | 5.06B | 5.51B | 5.73B | 5.81B |
| Last Close Price | 14.45 | 11.39 | 8.45 | 9.59 | 9.53 | 11.16 |
| PE Ratio | 11.47 | 11.45 | 14.10 | 11.43 | 10.31 | 12.60 |
| PS Ratio | 3.87 | 3.53 | 3.33 | 3.02 | 3.19 | 4.40 |
| PB Ratio | 1.05 | 0.83 | 0.68 | 0.82 | 0.90 | 1.14 |
| P/OCF Ratio | 13.84 | 18.94 | 9.23 | 14.58 | 4.01 | 6.94 |
| Debt / Equity Ratio | 0.39 | 0.46 | 0.56 | 0.63 | 0.42 | 0.49 |
| Net Debt / Equity Ratio | 0.24 | 0.24 | 0.24 | 0.42 | 0.20 | 0.04 |
| Return on Equity (ROE) | 9.45% | 7.85% | 5.38% | 7.61% | 9.91% | 9.79% |
| Return on Assets (ROA) | 1.13% | 0.94% | 0.62% | 0.84% | 1.13% | 1.13% |
| Earnings Yield | 8.72% | 9.18% | 7.51% | 9.04% | 9.93% | 8.15% |
| Dividend Yield | 3.04% | 3.76% | 4.86% | 4.05% | 3.89% | 3.19% |
| Payout Ratio | 34.91% | 46.47% | 65.64% | 48.09% | 38.52% | 40.59% |
| Buyback Yield / Dilution | -0.19% | -8.85% | -1.72% | -4.39% | -18.98% | -1.23% |
| Total Shareholder Return | 2.85% | -5.09% | 3.14% | -0.34% | -15.09% | 1.96% |