Valley National Bancorp (FRA:VNB)

Valley National Bancorp Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	2,881	3,080	2,887	1,828	1,257
Interest Income on Investments	351.19	277.63	251.96	148.21	76.84
Total Interest Income	3,232	3,357	3,139	1,977	1,334
Interest Paid on Deposits	1,317	1,559	1,275	256.4	67.97
Interest Paid on Borrowings	152.26	169.86	198.64	64.64	56.35
Total Interest Expense	1,469	1,729	1,473	321.04	124.33
Net Interest Income	1,764	1,629	1,665	1,656	1,210
Net Interest Income Growth (YoY)	8.29%	-2.21%	0.59%	36.84%	8.13%
Trust Income	63.44	62.62	44.16	34.71	14.91
Gain (Loss) on Sale of Assets	-0	3.73	6.81	0.9	0.9
Gain (Loss) on Sale of Investments	-41.72	-18.85	-16.91	-13.64	-9.15
Other Non-Interest Income	130.49	108.29	126.3	129.07	89.35
Total Non-Interest Income	220.33	198.22	207.72	194.39	144.1
Non-Interest Income Growth (YoY)	11.16%	-4.57%	6.86%	34.89%	-15.08%
Revenues Before Loan Losses	1,984	1,827	1,873	1,850	1,354
Provision for Loan Losses	139.77	308.83	50.18	56.82	32.63
Revenue	1,844	1,518	1,823	1,793	1,321
Revenue Growth (YoY)	21.48%	-16.73%	1.66%	35.71%	13.63%
Salaries and Employee Benefits	574.24	527.57	516.42	497.95	354.98
Occupancy Expenses	102.29	53.87	54.43	49.55	43.44
Federal Deposit Insurance	39.06	52.72	37.86	22.84	14.18
Amortization of Goodwill & Intangibles	30.43	35.05	39.77	37.83	21.83
Selling, General & Administrative	209.85	282.67	297.88	317.97	182.36
Other Non-Interest Expense	137.49	124.25	120.42	86.42	53.34
Total Non-Interest Expense	1,093	1,076	1,067	1,013	670.13
EBT Excluding Unusual Items	750.85	441.98	756.24	780.67	651.25
Legal Settlements	-0.77	7.33	-3.54	-	-2.1
Other Unusual Items	-0.92	-8.76	-50.3	-	-8.41
Pretax Income	743.87	438.52	678.33	780.67	640.74
Income Tax Expense	145.89	58.25	179.82	211.82	166.9
Net Income	597.98	380.27	498.51	568.85	473.84
Preferred Dividends & Other Adjustments	28.98	21.37	16.14	13.15	12.69
Net Income to Common	569	358.9	482.38	555.71	461.15
Net Income Growth	57.25%	-23.72%	-12.37%	20.05%	21.31%
Basic Shares Outstanding	560	516	508	485	407
Diluted Shares Outstanding	564	518	509	488	410
Shares Change (YoY)	8.85%	1.72%	4.39%	18.98%	1.23%
EPS (Basic)	1.02	0.70	0.95	1.14	1.13
EPS (Diluted)	1.01	0.69	0.95	1.14	1.12
EPS Growth	46.38%	-27.37%	-16.67%	1.79%	20.43%
Dividend Per Share	0.440	0.440	0.440	0.440	0.440
Effective Tax Rate	19.61%	13.28%	26.51%	27.13%	26.05%

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