Valley National Bancorp (BIT:1VLY)

Valley National Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	2,908	3,080	2,887	1,828	1,257	1,285
Interest Income on Investments	343.76	277.63	251.96	148.21	76.84	99.01
Total Interest Income	3,252	3,357	3,139	1,977	1,334	1,384
Interest Paid on Deposits	1,375	1,559	1,275	256.4	67.97	182.24
Interest Paid on Borrowings	154.56	169.86	198.64	64.64	56.35	82.58
Total Interest Expense	1,530	1,729	1,473	321.04	124.33	264.82
Net Interest Income	1,722	1,629	1,665	1,656	1,210	1,119
Net Interest Income Growth (YoY)	7.41%	-2.21%	0.59%	36.84%	8.13%	24.59%
Trust Income	61.65	62.62	44.16	34.71	14.91	12.42
Gain (Loss) on Sale of Assets	0.1	3.73	6.81	0.9	0.9	-
Gain (Loss) on Sale of Investments	-28.27	-18.85	-16.91	-13.64	-9.15	-12.81
Other Non-Interest Income	117.72	108.29	126.3	129.07	89.35	109.59
Total Non-Interest Income	208.65	198.22	207.72	194.39	144.1	169.7
Non-Interest Income Growth (YoY)	5.96%	-4.57%	6.86%	34.89%	-15.08%	-12.58%
Revenues Before Loan Losses	1,930	1,827	1,873	1,850	1,354	1,289
Provision for Loan Losses	226.17	308.83	50.18	56.82	32.63	125.72
Revenue	1,704	1,518	1,823	1,793	1,321	1,163
Revenue Growth (YoY)	8.06%	-16.73%	1.66%	35.71%	13.63%	8.89%
Salaries and Employee Benefits	537.25	527.57	516.42	497.95	354.98	314.65
Occupancy Expenses	54.55	53.87	54.43	49.55	43.44	42.89
Federal Deposit Insurance	38.66	52.72	37.86	22.84	14.18	18.95
Amortization of Goodwill & Intangibles	31.36	35.05	39.77	37.83	21.83	23.83
Selling, General & Administrative	284.68	282.67	297.88	317.97	182.36	164.39
Other Non-Interest Expense	130.03	124.25	120.42	86.42	53.34	53.19
Total Non-Interest Expense	1,077	1,076	1,067	1,013	670.13	617.89
EBT Excluding Unusual Items	627.66	441.98	756.24	780.67	651.25	544.99
Asset Writedown	-	-	-	-	-	-0.82
Legal Settlements	-1.01	7.33	-3.54	-	-2.1	-
Other Unusual Items	-9.68	-8.76	-50.3	-	-8.41	-12.04
Pretax Income	611.23	438.52	678.33	780.67	640.74	530.07
Income Tax Expense	92.94	58.25	179.82	211.82	166.9	139.46
Net Income	518.29	380.27	498.51	568.85	473.84	390.61
Preferred Dividends & Other Adjustments	28.57	21.37	16.14	13.15	12.69	12.69
Net Income to Common	489.72	358.9	482.38	555.71	461.15	377.92
Net Income Growth	54.20%	-23.72%	-12.37%	20.05%	21.31%	26.09%
Basic Shares Outstanding	554	516	508	485	407	404
Diluted Shares Outstanding	558	518	509	488	410	405
Shares Change (YoY)	9.31%	1.72%	4.39%	18.98%	1.23%	19.09%
EPS (Basic)	0.88	0.70	0.95	1.14	1.13	0.94
EPS (Diluted)	0.88	0.69	0.95	1.14	1.12	0.93
EPS Growth	40.78%	-27.37%	-16.67%	1.79%	20.43%	6.90%
Dividend Per Share	0.440	0.440	0.440	0.440	0.440	0.440
Effective Tax Rate	15.20%	13.28%	26.51%	27.13%	26.05%	26.31%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.