Valley National Bancorp (VLY) Financials

$13.70 +0.05 (+0.33%)

As of 09:47 AM Eastern

Annual Income Statements for Valley National Bancorp

This table shows Valley National Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2020	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	116	99	161	152	249	378	461	556	482	359	569
Consolidated Net Income / (Loss)	116	103	168	162	261	391	474	569	499	380	598
Net Income / (Loss) Continuing Operations	116	103	168	162	261	391	474	569	499	380	598
Total Pre-Tax Income	147	127	233	253	330	530	641	781	678	439	744
Total Revenue	552	634	721	772	991	1,302	1,365	1,862	1,891	1,853	2,026
Net Interest Income / (Expense)	475	550	613	660	857	1,119	1,210	1,656	1,665	1,629	1,764
Total Interest Income	637	707	762	834	1,159	1,384	1,334	1,977	3,139	3,357	3,232
Loans and Leases Interest Income	553	633	681	734	1,034	1,285	1,257	1,828	2,887	3,080	2,881
Investment Securities Interest Income	83	73	81	98	122	96	75	135	175	226	314
Federal Funds Sold and Securities Borrowed Interest Income	0.37	0.65	-	1.79	3.24	2.56	1.74	13	77	51	37
Total Interest Expense	162	157	149	174	302	265	124	321	1,473	1,729	1,469
Deposits Interest Expense	48	60	78	98	190	182	68	256	1,275	1,559	1,317
Short-Term Borrowings Interest Expense	0.97	0.92	12	18	46	11	5.37	17	95	22	5.74
Long-Term Debt Interest Expense	113	96	59	58	66	71	51	47	104	148	147
Total Non-Interest Income	78	84	108	112	134	183	155	207	226	225	262
Service Charges on Deposit Accounts	-	-	31	-	-	-	36	72	85	111	125
Other Service Charges	62	60	48	51	110	130	53	69	73	71	68
Net Realized & Unrealized Capital Gains on Investments	21	6.73	23	21	16	43	57	58	55	-2.01	49
Other Non-Interest Income	-14	6.82	6.69	40	8.69	10	8.82	8.04	12	44	20
Provision for Credit Losses	1.88	8.10	12	9.94	33	126	33	57	50	309	140
Total Non-Interest Expense	403	499	476	509	629	646	692	1,025	1,163	1,106	1,142
Salaries and Employee Benefits	193	222	243	263	334	333	376	527	564	559	580
Net Occupancy & Equipment Expense	81	99	97	102	121	158	169	256	252	237	226
Property & Liability Insurance Claims	31	36	38	46	62	51	53	105	88	61	39
Other Operating Expenses	53	55	52	46	69	53	53	86	201	195	224
Amortization Expense	34	36	46	52	43	38	33	50	58	54	72
Other Special Charges	10	51	-	0.00	0.00	12	8.41	-	0.00	0.00	0.92
Income Tax Expense	31	24	65	91	68	139	167	212	180	58	146
Preferred Stock Dividends Declared	0.00	3.81	7.19	9.45	13	13	13	13	16	21	29
Basic Earnings per Share	$0.56	$0.42	$0.63	$0.58	$0.75	$0.94	$1.13	$1.14	$0.95	$0.70	$1.02
Weighted Average Basic Shares Outstanding	205.72M	234.41M	254.84M	264.04M	331.26M	403.75M	-	507.75M	508.88M	560.28M	555.43M
Diluted Earnings per Share	$0.56	$0.42	$0.63	$0.58	$0.75	$0.93	$1.12	$1.14	$0.95	$0.69	$1.01
Weighted Average Diluted Shares Outstanding	205.72M	234.44M	255.27M	264.89M	332.69M	405.05M	-	507.75M	508.88M	560.28M	555.43M
Weighted Average Basic & Diluted Shares Outstanding	207.50M	236.10M	255.50M	262.90M	331.70M	405.61M	-	507.75M	508.88M	560.28M	555.43M
Cash Dividends to Common per Share	$0.44	$0.44	$0.44	$0.44	$0.44	$0.00	$0.44	$0.44	$0.44	$0.44	$0.44

This table shows Valley National Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	135	137	67	92	66	92	109	99	126	156	188
Consolidated Net Income / (Loss)	139	141	72	96	70	98	116	106	133	163	195
Net Income / (Loss) Continuing Operations	139	141	72	96	70	98	116	106	133	163	195
Total Pre-Tax Income	191	195	89	129	93	127	89	139	173	210	222
Total Revenue	480	471	450	455	453	471	474	478	495	511	541
Net Interest Income / (Expense)	420	412	397	394	402	410	423	420	432	446	465
Total Interest Income	787	813	818	829	833	861	835	785	805	827	816
Loans and Leases Interest Income	715	754	763	772	771	787	751	704	720	733	724
Investment Securities Interest Income	45	42	45	47	52	60	67	74	77	80	83
Federal Funds Sold and Securities Borrowed Interest Income	27	17	10	9.68	11	13	18	6.88	7.36	14	8.59
Total Interest Expense	368	401	421	435	432	450	412	365	373	381	351
Deposits Interest Expense	291	366	387	384	392	410	373	325	333	344	315
Short-Term Borrowings Interest Expense	50	5.19	5.52	21	0.69	0.45	0.29	2.95	1.74	0.56	0.50
Long-Term Debt Interest Expense	27	29	29	31	39	39	38	36	38	36	36
Total Non-Interest Income	60	59	53	61	51	61	51	58	63	65	76
Other Service Charges	56	18	-21	53	46	59	-20	17	16	17	19
Net Realized & Unrealized Capital Gains on Investments	1.62	8.28	-7.81	5.36	0.89	-3.60	23	2.29	2.02	0.77	44
Other Non-Interest Income	2.44	32	-3.98	3.24	4.55	5.39	-63	39	45	47	-111
Provision for Credit Losses	6.05	9.12	21	45	82	75	107	63	38	19	20
Total Non-Interest Expense	283	267	340	280	277	269	279	277	284	282	299
Salaries and Employee Benefits	150	137	132	142	141	139	137	143	145	147	145
Net Occupancy & Equipment Expense	58	62	72	60	59	56	62	56	56	56	59
Property & Liability Insurance Claims	32	25	86	35	32	29	36	29	32	33	-54
Other Operating Expenses	28	29	37	29	30	31	33	32	33	31	128
Amortization Expense	15	14	14	15	14	15	10	17	17	16	23
Income Tax Expense	52	53	17	33	23	29	-27	33	40	47	26
Preferred Stock Dividends Declared	4.03	4.13	4.10	4.12	4.11	6.12	7.03	6.96	6.95	7.64	7.43
Basic Earnings per Share	$0.27	$0.27	$0.13	$0.18	$0.13	$0.18	$0.21	$0.18	$0.23	$0.28	$0.33
Weighted Average Basic Shares Outstanding	507.63M	507.68M	508.88M	509.18M	509.22M	509.37M	560.28M	560.34M	559.72M	557.64M	555.43M
Diluted Earnings per Share	$0.27	$0.27	$0.13	$0.18	$0.13	$0.18	$0.20	$0.18	$0.22	$0.28	$0.33
Weighted Average Diluted Shares Outstanding	507.63M	507.68M	508.88M	509.18M	509.22M	509.37M	560.28M	560.34M	559.72M	557.64M	555.43M
Weighted Average Basic & Diluted Shares Outstanding	507.63M	507.68M	508.88M	509.18M	509.22M	509.37M	560.28M	560.34M	559.72M	557.64M	555.43M
Cash Dividends to Common per Share	-	$0.11	-	$0.11	$0.11	$0.11	-	$0.11	$0.11	$0.11	$0.11

This table details how cash moves in and out of Valley National Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2020	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	461	-417	-21	24	13	895	721	-1,102	-57	999	-307
Net Cash From Operating Activities	184	155	419	619	304	164	837	1,428	378	549	344
Net Cash From Continuing Operating Activities	184	155	419	619	304	164	837	1,428	378	549	344
Net Income / (Loss) Continuing Operations	116	103	168	162	261	391	474	569	499	380	598
Consolidated Net Income / (Loss)	116	103	168	162	261	391	474	569	499	380	598
Provision For Loan Losses	1.88	8.10	12	9.94	33	126	33	57	50	309	140
Depreciation Expense	19	21	24	25	28	58	29	42	43	44	38
Amortization Expense	37	31	36	56	57	63	52	48	38	32	21
Non-Cash Adjustments to Reconcile Net Income	-3.32	3.19	159	431	-25	-219	155	141	26	51	47
Changes in Operating Assets and Liabilities, net	13	-12	20	-64	-50	-254	95	572	-277	-267	-501
Net Cash From Investing Activities	-512	-1,700	-1,527	-1,548	-2,840	-2,038	-1,081	-6,788	-3,350	-709	-2,164
Net Cash From Continuing Investing Activities	-512	-1,700	-1,527	-1,548	-2,840	-2,038	-1,081	-6,788	-3,350	-709	-2,164
Purchase of Property, Leasehold Improvements and Equipment	-22	-34	-21	-18	-26	-25	-39	-69	-76	-16	-18
Purchase of Investment Securities	-1,204	-2,589	-2,728	-2,050	-3,812	-3,516	-2,740	-7,773	-3,776	-2,639	-3,244
Sale of Property, Leasehold Improvements and Equipment	43	24	21	9.36	7.79	19	8.94	11	18	3.20	2.28
Divestitures	102	201	0.00	0.00	157	0.00	322	322	0.00	98	0.00
Sale and/or Maturity of Investments	563	697	1,201	511	834	1,484	1,368	722	484	1,844	1,095
Net Cash From Financing Activities	789	1,129	1,087	952	2,548	2,769	964	4,257	2,915	1,160	1,514
Net Cash From Continuing Financing Activities	789	1,129	1,087	952	2,548	2,769	964	4,257	2,915	1,160	1,514
Net Change in Deposits	1,300	1,052	1,477	423	2,735	2,750	2,535	4,975	1,606	831	2,107
Issuance of Debt	0.00	163	385	1,065	720	838	296	-473	1,252	1,002	229
Issuance of Preferred Equity	0.00	112	0.00	98	-	-	-	0.00	0.00	145	0.00
Issuance of Common Equity	5.10	7.90	112	8.21	2.70	2.20	11	0.12	4.01	451	18
Repayment of Debt	-426	-97	-765	-517	-751	-625	-1,661	0.00	304	-1,010	-488
Repurchase of Common Equity	-1.69	-2.11	-3.19	-2.65	-3.80	-5.37	-24	-24	-2.09	0.00	-63
Payment of Dividends	-88	-106	-119	-122	-155	-191	-192	-219	-240	-250	-278
Other Financing Activities, Net	-	-	-	0.00	0.00	-0.61	-0.68	-0.75	-9.40	-8.87	-9.96
Cash Interest Paid	163	159	151	171	290	279	138	281	1,360	1,738	1,530
Cash Income Taxes Paid	34	50	27	29	54	148	163	172	237	90	53

This table details how cash moves in and out of Valley National Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	-3,751	-811	-253	50	68	31	850	-666	-37	184	213
Net Cash From Operating Activities	552	374	-279	100	214	-157	392	-17	159	5.16	197
Net Cash From Continuing Operating Activities	552	374	-279	100	214	-157	392	-17	159	5.16	197
Net Income / (Loss) Continuing Operations	139	141	72	96	70	98	116	106	133	163	195
Consolidated Net Income / (Loss)	139	141	72	96	70	98	116	106	133	163	195
Provision For Loan Losses	6.05	9.12	21	45	82	75	107	63	38	19	20
Depreciation Expense	9.91	11	11	11	11	9.74	13	9.89	10	8.81	9.56
Amortization Expense	9.57	10	7.58	8.63	7.93	7.97	7.12	6.19	5.64	5.13	4.23
Non-Cash Adjustments to Reconcile Net Income	-56	-0.22	47	18	7.82	31	-22	13	9.90	22	1.85
Changes in Operating Assets and Liabilities, net	444	203	-437	-79	35	-379	173	-215	-37	-214	-35
Net Cash From Investing Activities	-1,196	-266	-103	92	-1,107	-163	469	-175	-981	-93	-915
Net Cash From Continuing Investing Activities	-1,196	-266	-103	92	-1,107	-163	469	-175	-981	-93	-915
Purchase of Property, Leasehold Improvements and Equipment	-31	-22	-4.48	-3.64	-2.74	-3.35	-6.42	-3.05	-3.11	-2.81	-9.13
Purchase of Investment Securities	-1,320	-368	-233	-225	-1,249	-347	-751	-434	-415	-433	-1,963
Sale and/or Maturity of Investments	155	106	134	287	144	186	1,227	171	206	244	475
Net Cash From Financing Activities	-3,108	-919	129	-142	961	351	-11	-474	785	272	932
Net Cash From Continuing Financing Activities	-3,108	-919	129	-142	961	351	-11	-474	785	272	932
Net Change in Deposits	2,029	265	-642	-165	1,034	275	-313	-112	759	451	1,008
Issuance of Debt	250	-49	51	1,000	-854	856	-	0.00	210	-	19
Issuance of Common Equity	-	0.05	0.21	0.05	-	0.03	451	3.41	0.34	14	-0.19
Repayment of Debt	-5,324	-1,075	779	-908	843	-860	-86	-287	-112	-111	22
Repurchase of Common Equity	-2.53	-0.14	-0.20	0.00	-0.89	-0.21	-0.39	-2.16	-2.16	-12	-47
Payment of Dividends	-60	-60	-58	-62	-60	-64	-63	-70	-69	-69	-69
Other Financing Activities, Net	-0.00	-0.00	-0.00	-7.38	-	-0.00	-	-7.13	-1.74	-0.57	-0.51
Cash Interest Paid	327	370	417	485	406	457	389	403	366	395	366
Cash Income Taxes Paid	113	51	64	6.49	42	34	6.99	13	21	30	-11

This table presents Valley National Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2021	2022	2023	2024	2025
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	18,792	21,613	22,864	24,002	31,863	37,436	43,446	57,463	60,935	62,492	64,133
Cash and Due from Banks	463	244	221	243	252	256	205	444	284	411	315
Interest Bearing Deposits at Other Banks	368	170	172	173	177	178	1,845	504	607	1,479	1,268
Trading Account Securities	2,680	3,103	3,223	3,337	3,818	1,608	-	1,324	1,365	3,441	4,285
Loans and Leases, Net of Allowance	13,372	15,937	17,122	18,211	24,884	-162	0.00	46,459	49,764	48,241	49,553
Loans and Leases	13,474	16,043	17,236	18,332	25,035	-	-	46,917	50,210	48,800	50,137
Allowance for Loan and Lease Losses	102	106	114	121	152	162	-	459	446	559	583
Loans Held for Sale	24	16	58	15	35	76	-	18	31	26	26
Accrued Investment Income	57	64	67	74	95	106	-	197	245	240	244
Premises and Equipment, Net	283	299	291	288	342	335	326	359	381	351	331
Goodwill	576	686	691	691	1,085	1,374	1,459	1,869	1,869	1,869	1,869
Intangible Assets	39	49	45	43	77	87	70	197	160	129	101
Other Assets	928	1,045	975	929	1,099	33,578	1,380	6,093	6,228	6,305	6,140
Total Liabilities & Shareholders' Equity	18,792	21,613	22,864	24,002	31,863	37,436	21,103	57,463	60,935	62,492	64,133
Total Liabilities	16,929	19,406	20,487	21,469	28,513	33,052	38,362	51,062	54,234	55,057	56,325
Non-Interest Bearing Deposits	4,236	4,914	5,253	5,225	6,175	6,710	11,676	14,464	11,539	11,429	12,156
Interest Bearing Deposits	9,799	11,339	12,478	12,929	18,277	22,475	3,687	33,173	37,703	38,647	40,028
Short-Term Debt	147	1,077	1,081	749	2,119	1,093	656	139	918	73	91
Other Short-Term Payables	-	-	200	209	228	285	-	1,328	1,284	1,288	712
Long-Term Debt	2,566	1,852	1,475	2,358	1,710	2,178	-	1,600	2,385	3,232	2,966
Other Long-Term Liabilities	178	223	-	-	3.13	310	-	359	404	388	372
Total Equity & Noncontrolling Interests	1,863	2,207	2,377	2,533	3,350	4,384	5,084	6,401	6,701	7,435	7,808
Total Preferred & Common Equity	1,863	2,207	2,377	2,533	3,350	4,384	5,084	6,401	6,701	7,435	7,808
Preferred Stock	0.00	112	0.00	0.00	0.00	210	210	0.00	0.00	0.00	0.00
Total Common Equity	1,863	2,096	2,377	2,533	3,350	4,174	4,874	6,401	6,701	7,435	7,808
Common Stock	1,775	2,016	2,137	2,153	2,913	3,764	4,032	5,158	5,168	5,638	5,662
Retained Earnings	131	125	173	217	300	444	884	1,218	1,471	1,598	1,913
Treasury Stock	-0.16	0.00	-1.85	-0.34	-2.19	-0.48	-23	-22	-1.39	0.00	-47
Accumulated Other Comprehensive Income / (Loss)	-42	-46	-42	-46	-69	-32	-18	-164	-146	-155	-74
Other Equity Adjustments	-	-	112	210	210	-	-	210	210	354	354

This table presents Valley National Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	55,928	64,310	61,704	61,183	61,000	62,059	62,092	61,866	62,705	63,019
Cash and Due from Banks	431	445	463	445	399	478	512	509	441	376
Interest Bearing Deposits at Other Banks	687	5,261	1,491	699	542	531	528	715	746	994
Trading Account Securities	1,319	5,162	1,301	1,253	1,520	2,285	2,679	3,733	3,974	4,195
Loans and Leases, Net of Allowance	44,710	48,223	49,441	49,655	49,453	49,792	48,807	48,079	48,812	48,688
Loans and Leases	45,186	48,660	49,877	50,098	49,922	50,312	49,355	48,657	49,391	49,273
Allowance for Loan and Lease Losses	476	437	436	442	469	519	548	578	580	585
Loans Held for Sale	6.07	17	33	34	62	20	843	27	28	18
Accrued Investment Income	159	224	226	238	254	251	250	238	238	243
Premises and Equipment, Net	362	365	387	388	371	363	357	344	337	331
Goodwill	1,872	1,869	1,869	1,869	1,869	1,869	1,869	1,869	1,869	1,869
Intangible Assets	208	187	178	169	151	144	135	121	115	108
Other Assets	6,172	50,780	6,315	6,433	6,379	6,326	6,112	6,230	6,146	6,196
Total Liabilities & Shareholders' Equity	55,928	64,310	61,704	61,183	61,000	62,059	62,092	61,866	62,705	63,019
Total Liabilities	49,654	57,798	55,129	54,556	54,273	55,321	55,120	54,366	55,130	55,323
Non-Interest Bearing Deposits	15,421	13,576	12,434	11,672	11,273	11,118	11,154	11,629	11,747	11,660
Interest Bearing Deposits	29,888	34,015	37,186	38,214	37,805	38,994	39,242	38,337	38,979	39,516
Short-Term Debt	919	6,413	1,089	90	75	64	58	59	162	51
Other Short-Term Payables	1,460	-	1,498	1,793	1,403	1,425	939	984	889	755
Long-Term Debt	1,598	2,255	2,500	2,375	3,320	3,322	3,332	2,962	2,961	2,964
Other Long-Term Liabilities	367	1,540	421	413	397	398	395	394	393	378
Total Equity & Noncontrolling Interests	6,274	6,512	6,575	6,627	6,727	6,738	6,972	7,500	7,575	7,695
Total Preferred & Common Equity	6,274	6,512	6,575	6,627	6,727	6,738	6,972	7,500	7,575	7,695
Preferred Stock	0.00	210	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	6,274	6,302	6,575	6,627	6,727	6,738	6,972	7,500	7,575	7,695
Common Stock	5,151	5,146	5,153	5,161	5,168	5,174	5,181	5,641	5,648	5,654
Retained Earnings	1,101	1,301	1,380	1,460	1,507	1,516	1,551	1,635	1,695	1,787
Treasury Stock	-22	-1.29	-1.99	-1.72	0.00	0.00	0.00	-2.16	-2.09	-0.99
Accumulated Other Comprehensive Income / (Loss)	-166	-144	-165	-202	-157	-163	-115	-128	-120	-99
Other Equity Adjustments	210	-	210	210	210	210	354	354	354	354

This table displays calculated financial ratios and metrics derived from Valley National Bancorp's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	557,635,558.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	557,635,558.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.07
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.79%	13.77%	6.98%	28.44%	12.24%	0.00%	4.84%	36.45%	1.55%	-2.01%	9.31%
EBITDA Growth	-11.96%	63.73%	13.80%	24.01%	34.67%	16.66%	10.96%	20.61%	-12.79%	-32.32%	56.31%
EBIT Growth	-13.81%	83.92%	8.29%	30.45%	38.55%	16.04%	20.88%	21.84%	-13.11%	-35.35%	69.63%
NOPAT Growth	-11.38%	63.32%	-3.71%	61.47%	18.50%	26.09%	21.31%	20.05%	-12.37%	-23.72%	57.25%
Net Income Growth	-11.38%	63.32%	-3.71%	61.47%	18.50%	0.00%	21.31%	20.05%	-12.37%	-23.72%	57.25%
EPS Growth	-25.00%	50.00%	-7.94%	29.31%	16.00%	0.00%	20.43%	1.79%	-16.67%	-27.37%	46.38%
Operating Cash Flow Growth	-15.79%	170.56%	47.73%	-50.91%	-13.83%	0.00%	411.82%	70.64%	-73.52%	45.04%	-37.32%
Free Cash Flow Firm Growth	-333.29%	181.10%	-246.69%	-135.01%	86.95%	4,923.50%	-165.45%	65.24%	25.34%	74.07%	233.12%
Invested Capital Growth	12.24%	-3.95%	14.31%	27.30%	6.64%	-100.00%	0.00%	41.81%	22.92%	7.34%	1.17%
Revenue Q/Q Growth	2.24%	3.59%	0.33%	0.00%	1.82%	0.00%	1.34%	9.73%	-3.50%	1.32%	3.42%
EBITDA Q/Q Growth	-19.36%	38.00%	3.56%	0.00%	-2.87%	0.00%	-2.24%	14.37%	-17.44%	0.17%	18.74%
EBIT Q/Q Growth	-23.64%	47.11%	-2.83%	0.00%	-4.22%	0.00%	2.23%	12.68%	-18.71%	0.02%	21.70%
NOPAT Q/Q Growth	-16.58%	37.01%	-12.91%	0.00%	-11.18%	0.00%	2.08%	12.36%	-17.54%	13.14%	15.38%
Net Income Q/Q Growth	-16.58%	37.01%	-12.91%	0.00%	-11.18%	0.00%	2.08%	12.36%	-17.54%	13.14%	15.38%
EPS Q/Q Growth	-19.23%	40.00%	-13.43%	0.00%	-13.86%	0.00%	1.82%	8.57%	-18.80%	11.29%	14.77%
Operating Cash Flow Q/Q Growth	-3.65%	167.43%	-11.68%	0.00%	420.00%	0.00%	9.27%	-3.79%	-55.75%	548.74%	-36.26%
Free Cash Flow Firm Q/Q Growth	-1,644.07%	295.69%	40.16%	-120.36%	97.73%	779.99%	-334.29%	-53.20%	-551.08%	62.04%	176.59%
Invested Capital Q/Q Growth	5.45%	-4.81%	-10.17%	0.00%	-0.44%	-100.00%	-19.04%	-7.41%	10.03%	3.64%	1.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	28.27%	40.68%	43.27%	41.78%	50.13%	49.97%	52.89%	46.75%	40.15%	27.73%	39.66%
EBIT Margin	20.01%	32.35%	32.75%	33.26%	41.06%	40.71%	46.94%	41.92%	35.87%	23.66%	36.72%
Profit (Net Income) Margin	16.24%	23.31%	20.98%	26.37%	27.84%	30.00%	34.72%	30.54%	26.36%	20.52%	29.52%
Tax Burden Percent	81.14%	72.05%	64.06%	79.29%	67.82%	73.69%	73.95%	72.87%	73.49%	86.72%	80.39%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	18.86%	27.95%	35.94%	20.71%	32.18%	26.31%	26.05%	27.13%	26.51%	13.28%	19.61%
Return on Invested Capital (ROIC)	2.12%	3.34%	3.06%	4.08%	4.18%	10.20%	16.51%	8.20%	5.50%	3.67%	5.54%
ROIC Less NNEP Spread (ROIC-NNEP)	2.12%	3.34%	3.06%	4.08%	4.18%	10.20%	16.51%	8.20%	5.50%	3.67%	5.54%
Return on Net Nonoperating Assets (RNNOA)	2.94%	4.00%	3.53%	4.81%	3.83%	7.61%	2.13%	1.71%	2.11%	1.71%	2.31%
Return on Equity (ROE)	5.06%	7.34%	6.59%	8.89%	8.01%	17.82%	18.64%	9.91%	7.61%	5.38%	7.85%
Cash Return on Invested Capital (CROIC)	-9.41%	7.36%	-10.29%	-19.94%	-2.25%	210.20%	-183.49%	-26.38%	-15.07%	-3.42%	4.37%
Operating Return on Assets (OROA)	0.63%	1.05%	1.08%	1.18%	1.32%	2.83%	2.95%	1.55%	1.15%	0.71%	1.17%
Return on Assets (ROA)	0.51%	0.76%	0.69%	0.94%	0.89%	2.09%	2.18%	1.13%	0.84%	0.62%	0.94%
Return on Common Equity (ROCE)	4.92%	7.16%	6.59%	8.89%	7.79%	16.97%	17.87%	9.73%	7.61%	5.38%	7.85%
Return on Equity Simple (ROE_SIMPLE)	4.66%	7.07%	6.39%	7.80%	7.07%	0.00%	9.32%	8.89%	7.44%	5.11%	7.66%
Net Operating Profit after Tax (NOPAT)	103	168	162	261	310	391	474	569	499	380	598
NOPAT Margin	16.24%	23.31%	20.98%	26.37%	27.84%	30.00%	34.72%	30.54%	26.36%	20.52%	29.52%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	50.55%	47.19%	47.36%	45.87%	40.94%	37.76%	39.89%	42.03%	43.13%	42.94%	39.77%
Operating Expenses to Revenue	78.71%	66.00%	65.96%	63.46%	56.77%	49.63%	50.67%	55.03%	61.48%	59.67%	56.38%
Earnings before Interest and Taxes (EBIT)	127	233	253	330	457	530	641	781	678	439	744
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	179	293	334	414	558	651	722	871	759	514	803
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.73	0.87	0.85	0.66	0.78	0.00	0.99	0.80	0.77	0.61	0.83
Price to Tangible Book Value (P/TBV)	1.13	1.26	1.20	1.02	1.21	0.00	1.44	1.18	1.10	0.84	1.12
Price to Revenue (P/Rev)	2.42	2.88	2.79	2.24	2.94	2.51	3.52	2.74	2.73	2.46	3.22
Price to Earnings (P/E)	15.49	12.89	14.15	8.93	11.03	8.66	10.42	9.19	10.69	12.69	11.45
Dividend Yield	6.67%	5.40%	5.39%	8.20%	4.57%	5.43%	3.73%	4.36%	4.33%	4.92%	3.77%
Earnings Yield	6.45%	7.76%	7.07%	11.19%	9.07%	11.55%	9.59%	10.88%	9.36%	7.88%	8.74%
Enterprise Value to Invested Capital (EV/IC)	0.81	0.86	0.86	0.78	0.83	0.00	0.63	0.72	0.76	0.56	0.74
Enterprise Value to Revenue (EV/Rev)	6.57	5.88	6.28	5.67	5.68	2.51	2.65	3.17	4.00	3.22	3.94
Enterprise Value to EBITDA (EV/EBITDA)	23.23	14.44	14.51	13.58	11.34	5.03	5.02	6.77	9.96	11.62	9.94
Enterprise Value to EBIT (EV/EBIT)	32.81	18.16	19.18	17.05	13.84	6.17	5.65	7.55	11.15	13.61	10.74
Enterprise Value to NOPAT (EV/NOPAT)	40.43	25.21	29.94	21.51	20.41	8.38	7.64	10.37	15.18	15.70	13.36
Enterprise Value to Operating Cash Flow (EV/OCF)	26.87	10.11	7.83	18.50	24.14	20.01	4.33	4.13	20.01	10.88	23.23
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	11.43	0.00	0.00	0.00	0.41	0.00	0.00	0.00	0.00	16.93
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.33	1.08	1.23	1.14	0.75	0.00	0.13	0.27	0.49	0.44	0.39
Long-Term Debt to Equity	0.84	0.62	0.93	0.51	0.50	0.00	0.00	0.25	0.36	0.43	0.38
Financial Leverage	1.39	1.20	1.15	1.18	0.92	0.75	0.13	0.21	0.38	0.47	0.42
Leverage Ratio	9.93	9.70	9.54	9.50	8.96	8.54	8.55	8.79	9.04	8.73	8.31
Compound Leverage Factor	9.93	9.70	9.54	9.50	8.96	8.54	8.55	8.79	9.04	8.73	8.31
Debt to Total Capital	57.03%	51.82%	55.08%	53.33%	42.73%	0.00%	11.42%	21.36%	33.02%	30.77%	28.14%
Short-Term Debt to Total Capital	20.97%	21.91%	13.28%	29.52%	14.28%	0.00%	11.42%	1.70%	9.17%	0.68%	0.84%
Long-Term Debt to Total Capital	36.06%	29.91%	41.81%	23.81%	28.45%	0.00%	0.00%	19.66%	23.84%	30.09%	27.30%
Preferred Equity to Total Capital	2.17%	0.00%	0.00%	0.00%	2.74%	0.00%	3.65%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	40.80%	48.18%	44.92%	46.67%	54.53%	0.00%	84.92%	78.64%	66.98%	69.23%	71.86%
Debt to EBITDA	16.34	8.71	9.30	9.25	5.87	0.00	0.91	2.00	4.35	6.43	3.81
Net Debt to EBITDA	14.03	7.37	8.06	8.21	5.09	0.00	-1.93	0.91	3.18	2.75	1.84
Long-Term Debt to EBITDA	10.33	5.03	7.06	4.13	3.91	0.00	0.00	1.84	3.14	6.29	3.69
Debt to NOPAT	28.45	15.20	19.19	14.64	10.56	0.00	1.38	3.06	6.63	8.69	5.11
Net Debt to NOPAT	24.43	12.87	16.62	13.01	9.16	0.00	-2.94	1.39	4.84	3.72	2.47
Long-Term Debt to NOPAT	17.99	8.78	14.56	6.54	7.03	0.00	0.00	2.81	4.79	8.50	4.96
Noncontrolling Interest Sharing Ratio	2.74%	2.43%	0.00%	0.00%	2.71%	4.78%	4.12%	1.83%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-457	371	-544	-1,278	-167	8,046	-5,266	-1,831	-1,367	-354	472
Operating Cash Flow to CapEx	1,522.05%	285,154.42%	7,068.84%	1,629.44%	0.00%	2,976.00%	2,745.36%	2,458.53%	655.01%	4,237.47%	2,173.26%
Free Cash Flow to Firm to Interest Expense	-2.92	2.49	-3.12	-4.23	-0.39	30.38	-42.36	-5.70	-0.93	-0.21	0.32
Operating Cash Flow to Interest Expense	0.99	2.82	3.56	1.01	0.62	0.62	6.73	4.45	0.26	0.32	0.23
Operating Cash Flow Less CapEx to Interest Expense	0.92	2.82	3.51	0.94	0.82	0.60	6.49	4.27	0.22	0.31	0.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.03	0.03	0.04	0.03	0.07	0.06	0.04	0.03	0.03	0.03
Fixed Asset Turnover	2.18	2.44	2.67	3.15	3.29	0.00	0.00	5.44	5.11	5.06	5.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,136	4,934	5,639	7,179	7,656	0.00	5,740	8,139	10,005	10,739	10,866
Invested Capital Turnover	0.13	0.14	0.15	0.15	0.15	0.34	0.48	0.27	0.21	0.18	0.19
Increase / (Decrease) in Invested Capital	560	-203	706	1,540	477	-7,656	5,740	2,400	1,865	735	126
Enterprise Value (EV)	4,163	4,238	4,847	5,622	6,322	3,272	3,622	5,897	7,566	5,970	7,987
Market Capitalization	1,536	2,074	2,157	2,222	3,276	3,272	4,806	5,107	5,154	4,556	6,513
Book Value per Share	$9.00	$9.34	$9.58	$10.11	$12.58	$0.00	$11.98	$12.64	$13.20	$14.60	$14.00
Tangible Book Value per Share	$5.84	$6.45	$6.81	$6.61	$8.18	$0.00	$8.22	$8.56	$9.20	$10.68	$10.47
Total Capital	5,136	4,934	5,639	7,179	7,656	0.00	5,740	8,139	10,005	10,739	10,866
Total Debt	2,929	2,556	3,106	3,829	3,271	0.00	656	1,739	3,303	3,304	3,058
Total Long-Term Debt	1,852	1,475	2,358	1,710	2,178	0.00	0.00	1,600	2,385	3,232	2,966
Net Debt	2,515	2,164	2,690	3,400	2,837	0.00	-1,394	791	2,412	1,414	1,474
Capital Expenditures (CapEx)	10	0.15	8.76	19	-86	5.50	30	58	58	13	16
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	2,929	2,556	3,106	3,829	3,271	0.00	656	1,739	3,303	3,304	3,058
Total Depreciation and Amortization (D&A)	52	60	81	84	101	121	81	90	81	75	59
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.58	$0.00	$0.00	$0.94	$0.00	$1.14	$0.95	$0.70	$1.02
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	264.04M	0.00	0.00	403.75M	0.00	485.43M	508.88M	560.28M	555.43M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.58	$0.00	$0.00	$0.93	$0.00	$1.14	$0.95	$0.69	$1.01
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	264.89M	0.00	0.00	405.05M	0.00	487.82M	508.88M	560.28M	555.43M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	330.82M	0.00	0.00	405.61M	0.00	507.75M	508.88M	560.28M	555.43M
Normalized Net Operating Profit after Tax (NOPAT)	144	168	162	261	331	399	480	569	499	380	599
Normalized NOPAT Margin	22.78%	23.31%	20.98%	26.37%	29.80%	30.68%	35.17%	30.54%	26.36%	20.52%	29.56%
Pre Tax Income Margin	20.01%	32.35%	32.75%	33.26%	41.06%	40.71%	46.94%	41.92%	35.87%	23.66%	36.72%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.81	1.57	1.45	1.09	1.08	2.00	5.15	2.43	0.46	0.25	0.51
NOPAT to Interest Expense	0.66	1.13	0.93	0.87	0.73	1.48	3.81	1.77	0.34	0.22	0.41
EBIT Less CapEx to Interest Expense	0.74	1.57	1.40	1.03	1.28	1.98	4.91	2.25	0.42	0.25	0.50
NOPAT Less CapEx to Interest Expense	0.59	1.13	0.88	0.80	0.94	1.45	3.57	1.59	0.30	0.21	0.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	103.05%	70.77%	75.45%	59.18%	51.40%	48.81%	40.59%	38.52%	48.09%	65.64%	46.47%
Augmented Payout Ratio	105.09%	72.67%	77.08%	60.64%	51.98%	50.19%	45.64%	42.76%	50.39%	67.97%	57.00%

This table displays calculated financial ratios and metrics derived from Valley National Bancorp's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	557,635,558.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	557,635,558.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.35
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.66%	-7.66%	-13.24%	-7.21%	-5.61%	0.02%	5.38%	5.15%	9.30%	8.48%	14.14%
EBITDA Growth	33.63%	-19.96%	-59.79%	-33.93%	-46.75%	-33.13%	0.81%	4.25%	68.57%	55.08%	116.60%
EBIT Growth	43.51%	-20.97%	-63.71%	-36.45%	-51.09%	-34.98%	0.11%	7.47%	85.46%	65.74%	148.94%
NOPAT Growth	44.23%	-20.65%	-59.71%	-34.30%	-49.36%	-30.77%	61.71%	10.16%	89.09%	66.93%	68.87%
Net Income Growth	44.23%	-20.65%	-59.71%	-34.30%	-49.36%	-30.77%	61.71%	10.16%	89.09%	66.93%	68.87%
EPS Growth	50.00%	-20.59%	-62.86%	-35.71%	-51.85%	-33.33%	53.85%	0.00%	69.23%	55.56%	65.00%
Operating Cash Flow Growth	78.45%	-11.99%	-240.78%	136.90%	-61.26%	-142.01%	240.78%	-117.21%	-25.63%	103.28%	-49.86%
Free Cash Flow Firm Growth	46.24%	89.48%	19.27%	164.53%	113.33%	-631.69%	65.49%	-105.69%	-495.77%	84.27%	111.20%
Invested Capital Growth	10.63%	3.43%	22.92%	-33.32%	-0.41%	13.97%	7.34%	3.94%	5.68%	3.36%	1.17%
Revenue Q/Q Growth	-2.14%	-1.83%	-4.48%	1.11%	-0.45%	4.03%	0.64%	0.89%	3.47%	3.25%	5.90%
EBITDA Q/Q Growth	-6.68%	2.66%	-50.05%	38.05%	-24.79%	28.93%	-24.70%	42.75%	21.62%	18.62%	5.18%
EBIT Q/Q Growth	-6.33%	2.10%	-54.34%	45.51%	-27.90%	35.73%	-29.69%	56.21%	24.42%	21.30%	5.60%
NOPAT Q/Q Growth	-5.11%	1.64%	-49.38%	34.56%	-26.86%	38.95%	18.25%	-8.34%	25.56%	22.67%	19.62%
Net Income Q/Q Growth	-5.11%	1.64%	-49.38%	34.56%	-26.86%	38.95%	18.25%	-8.34%	25.56%	22.67%	19.62%
EPS Q/Q Growth	-3.57%	0.00%	-51.85%	38.46%	-27.78%	38.46%	11.11%	-10.00%	22.22%	27.27%	17.86%
Operating Cash Flow Q/Q Growth	304.82%	-32.27%	-174.47%	135.72%	115.05%	-173.44%	349.54%	-104.37%	1,029.53%	-96.76%	3,711.61%
Free Cash Flow Firm Q/Q Growth	89.51%	80.87%	-1,019.81%	387.30%	-97.83%	-1,149.74%	47.19%	52.66%	-50.78%	58.29%	137.60%
Invested Capital Q/Q Growth	-33.04%	-10.55%	10.03%	1.17%	0.01%	2.36%	3.64%	-2.03%	1.69%	0.11%	1.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	43.83%	45.83%	23.97%	32.72%	24.72%	30.64%	22.93%	32.44%	38.13%	43.81%	43.51%
EBIT Margin	39.77%	41.36%	19.77%	28.45%	20.61%	26.89%	18.78%	29.08%	34.97%	41.08%	40.96%
Profit (Net Income) Margin	28.98%	30.00%	15.90%	21.16%	15.55%	20.77%	24.40%	22.17%	26.90%	31.96%	36.10%
Tax Burden Percent	72.88%	72.55%	80.43%	74.37%	75.46%	77.25%	129.92%	76.23%	76.93%	77.80%	88.14%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	27.12%	27.45%	19.57%	25.63%	24.54%	22.75%	-29.92%	23.77%	23.07%	22.20%	11.86%
Return on Invested Capital (ROIC)	5.99%	6.58%	3.32%	3.10%	2.80%	3.91%	4.36%	4.03%	4.96%	5.94%	6.77%
ROIC Less NNEP Spread (ROIC-NNEP)	5.99%	6.58%	3.32%	3.10%	2.80%	3.91%	4.36%	4.03%	4.96%	5.94%	6.77%
Return on Net Nonoperating Assets (RNNOA)	3.08%	2.54%	1.28%	2.83%	1.47%	1.68%	2.04%	1.82%	2.25%	2.59%	2.83%
Return on Equity (ROE)	9.07%	9.12%	4.59%	5.93%	4.27%	5.59%	6.40%	5.85%	7.21%	8.54%	9.60%
Cash Return on Invested Capital (CROIC)	-3.46%	3.39%	-15.07%	43.52%	4.15%	-9.60%	-3.42%	-0.09%	-1.17%	1.62%	4.37%
Operating Return on Assets (OROA)	1.37%	1.38%	0.63%	0.84%	0.61%	0.80%	0.56%	0.89%	1.08%	1.29%	1.31%
Return on Assets (ROA)	1.00%	1.00%	0.51%	0.63%	0.46%	0.62%	0.73%	0.68%	0.83%	1.00%	1.16%
Return on Common Equity (ROCE)	9.07%	9.12%	4.59%	5.84%	4.27%	5.59%	6.40%	5.85%	7.21%	8.54%	9.60%
Return on Equity Simple (ROE_SIMPLE)	9.75%	9.12%	0.00%	6.66%	5.63%	4.82%	0.00%	5.20%	5.98%	6.74%	0.00%
Net Operating Profit after Tax (NOPAT)	139	141	72	96	70	98	116	106	133	163	195
NOPAT Margin	28.98%	30.00%	15.90%	21.16%	15.55%	20.77%	24.40%	22.17%	26.90%	31.96%	36.10%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	43.35%	42.30%	45.27%	44.31%	44.22%	41.34%	42.00%	41.47%	40.72%	39.60%	37.57%
Operating Expenses to Revenue	58.97%	56.71%	75.65%	61.61%	61.27%	57.19%	58.75%	57.82%	57.40%	55.17%	55.32%
Earnings before Interest and Taxes (EBIT)	191	195	89	129	93	127	89	139	173	210	222
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	210	216	108	149	112	144	109	155	189	224	235
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.55	0.61	0.77	0.57	0.51	0.65	0.61	0.66	0.65	0.77	0.83
Price to Tangible Book Value (P/TBV)	0.79	0.88	1.10	0.82	0.72	0.91	0.84	0.90	0.89	1.04	1.12
Price to Revenue (P/Rev)	1.80	2.05	2.73	2.07	1.87	2.46	2.46	2.65	2.58	3.03	3.22
Price to Earnings (P/E)	5.74	6.82	10.69	8.89	9.43	14.18	12.69	13.61	11.63	12.12	11.45
Dividend Yield	6.22%	5.56%	4.33%	5.83%	6.54%	4.97%	4.92%	4.95%	4.98%	4.15%	3.77%
Earnings Yield	17.43%	14.66%	9.36%	11.25%	10.61%	7.05%	7.88%	7.35%	8.60%	8.25%	8.74%
Enterprise Value to Invested Capital (EV/IC)	0.51	0.59	0.76	0.62	0.57	0.66	0.56	0.64	0.64	0.71	0.74
Enterprise Value to Revenue (EV/Rev)	2.62	2.72	4.00	3.39	3.17	3.75	3.22	3.61	3.59	3.87	3.94
Enterprise Value to EBITDA (EV/EBITDA)	5.37	5.80	9.96	9.22	9.92	13.36	11.62	13.03	11.54	11.20	9.94
Enterprise Value to EBIT (EV/EBIT)	5.90	6.40	11.15	10.42	11.45	15.64	13.61	15.12	13.05	12.40	10.74
Enterprise Value to NOPAT (EV/NOPAT)	8.15	8.83	15.18	14.04	15.28	20.40	15.70	17.38	15.22	14.62	13.36
Enterprise Value to Operating Cash Flow (EV/OCF)	5.77	6.25	20.01	8.42	14.18	0.00	10.88	15.69	18.27	14.05	23.23
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	17.62	0.00	1.14	13.78	0.00	0.00	0.00	0.00	44.41	16.93
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.37	0.49	0.50	0.50	0.49	0.44	0.40	0.41	0.39	0.39
Long-Term Debt to Equity	0.38	0.36	0.36	0.49	0.49	0.48	0.43	0.40	0.39	0.39	0.38
Financial Leverage	0.51	0.39	0.38	0.91	0.52	0.43	0.47	0.45	0.45	0.44	0.42
Leverage Ratio	9.09	9.08	9.04	9.47	9.30	9.06	8.73	8.64	8.72	8.53	8.31
Compound Leverage Factor	9.09	9.08	9.04	9.47	9.30	9.06	8.73	8.64	8.72	8.53	8.31
Debt to Total Capital	35.31%	27.11%	33.02%	33.54%	33.44%	32.71%	30.77%	28.72%	29.19%	28.15%	28.14%
Short-Term Debt to Total Capital	10.71%	0.99%	9.17%	0.74%	0.63%	0.56%	0.68%	0.56%	1.52%	0.48%	0.84%
Long-Term Debt to Total Capital	24.60%	26.12%	23.84%	32.80%	32.81%	32.15%	30.09%	28.15%	27.67%	27.67%	27.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.69%	72.89%	66.98%	66.46%	66.56%	67.29%	69.23%	71.28%	70.81%	71.85%	71.86%
Debt to EBITDA	3.69	2.68	4.35	4.97	5.79	6.61	6.43	5.81	5.23	4.46	3.81
Net Debt to EBITDA	1.68	1.44	3.18	3.59	4.07	4.58	2.75	3.45	3.24	2.43	1.84
Long-Term Debt to EBITDA	2.57	2.58	3.14	4.86	5.68	6.49	6.29	5.69	4.96	4.38	3.69
Debt to NOPAT	5.60	4.08	6.63	7.57	8.92	10.09	8.69	7.75	6.90	5.82	5.11
Net Debt to NOPAT	2.55	2.19	4.84	5.47	6.26	6.99	3.72	4.61	4.28	3.17	2.47
Long-Term Debt to NOPAT	3.90	3.93	4.79	7.41	8.75	9.91	8.50	7.59	6.54	5.72	4.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	1.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-837	-160	-1,794	5,154	112	-1,172	-619	-293	-442	-184	69
Operating Cash Flow to CapEx	1,791.06%	8,928.28%	-6,095.95%	12,612.29%	8,183.59%	-6,003.36%	5,665.12%	-2,161.87%	5,158.96%	183.59%	2,152.85%
Free Cash Flow to Firm to Interest Expense	-2.28	-0.40	-4.26	11.84	0.26	-2.60	-1.50	-0.80	-1.19	-0.48	0.20
Operating Cash Flow to Interest Expense	1.50	0.93	-0.66	0.23	0.50	-0.35	0.95	-0.05	0.43	0.01	0.56
Operating Cash Flow Less CapEx to Interest Expense	1.42	0.92	-0.67	0.23	0.49	-0.36	0.94	-0.05	0.42	0.01	0.53
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Fixed Asset Turnover	5.35	5.23	5.11	5.04	4.88	4.91	5.06	5.25	5.48	5.70	5.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,165	9,092	10,005	10,122	10,123	10,362	10,739	10,521	10,698	10,710	10,866
Invested Capital Turnover	0.21	0.22	0.21	0.15	0.18	0.19	0.18	0.18	0.18	0.19	0.19
Increase / (Decrease) in Invested Capital	976	302	1,865	-5,057	-41	1,270	735	399	575	348	126
Enterprise Value (EV)	5,229	5,338	7,566	6,294	5,800	6,855	5,970	6,778	6,889	7,577	7,987
Market Capitalization	3,595	4,017	5,154	3,840	3,424	4,505	4,556	4,981	4,953	5,933	6,513
Book Value per Share	$12.95	$13.06	$13.20	$13.22	$13.23	$13.69	$14.60	$13.39	$13.52	$13.75	$14.00
Tangible Book Value per Share	$8.92	$9.04	$9.20	$9.25	$9.28	$9.76	$10.68	$9.83	$9.98	$10.22	$10.47
Total Capital	10,165	9,092	10,005	10,122	10,123	10,362	10,739	10,521	10,698	10,710	10,866
Total Debt	3,589	2,465	3,303	3,395	3,386	3,390	3,304	3,021	3,123	3,015	3,058
Total Long-Term Debt	2,500	2,375	2,385	3,320	3,322	3,332	3,232	2,962	2,961	2,964	2,966
Net Debt	1,635	1,321	2,412	2,454	2,377	2,350	1,414	1,797	1,937	1,644	1,474
Capital Expenditures (CapEx)	31	4.19	4.57	0.79	2.62	2.62	6.92	0.79	3.09	2.81	9.13
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	3,589	2,465	3,303	3,395	3,386	3,390	3,304	3,021	3,123	3,015	3,058
Total Depreciation and Amortization (D&A)	19	21	19	19	19	18	20	16	16	14	14
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.27	$0.27	$0.13	$0.18	$0.13	$0.18	$0.21	$0.18	$0.23	$0.28	$0.33
Adjusted Weighted Average Basic Shares Outstanding	507.63M	507.68M	508.88M	509.18M	509.22M	509.37M	560.28M	560.34M	559.72M	557.64M	555.43M
Adjusted Diluted Earnings per Share	$0.27	$0.27	$0.13	$0.18	$0.13	$0.18	$0.20	$0.18	$0.22	$0.28	$0.33
Adjusted Weighted Average Diluted Shares Outstanding	507.63M	507.68M	508.88M	509.18M	509.22M	509.37M	560.28M	560.34M	559.72M	557.64M	555.43M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	507.63M	507.68M	508.88M	509.18M	509.22M	509.37M	560.28M	560.34M	559.72M	557.64M	555.43M
Normalized Net Operating Profit after Tax (NOPAT)	139	141	72	96	70	98	62	106	134	163	195
Normalized NOPAT Margin	28.98%	30.00%	15.90%	21.16%	15.55%	20.77%	13.15%	22.17%	27.05%	31.96%	36.10%
Pre Tax Income Margin	39.77%	41.36%	19.77%	28.45%	20.61%	26.89%	18.78%	29.08%	34.97%	41.08%	40.96%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.52	0.49	0.21	0.30	0.22	0.28	0.22	0.38	0.46	0.55	0.63
NOPAT to Interest Expense	0.38	0.35	0.17	0.22	0.16	0.22	0.28	0.29	0.36	0.43	0.56
EBIT Less CapEx to Interest Expense	0.44	0.48	0.20	0.30	0.21	0.28	0.20	0.38	0.46	0.54	0.61
NOPAT Less CapEx to Interest Expense	0.29	0.34	0.16	0.22	0.16	0.21	0.26	0.29	0.35	0.42	0.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	37.69%	40.16%	48.09%	53.62%	63.41%	72.80%	65.64%	66.00%	58.81%	52.43%	46.47%
Augmented Payout Ratio	39.46%	42.05%	50.39%	55.90%	65.68%	75.38%	67.97%	68.82%	61.72%	57.30%	57.00%

Financials Breakdown Chart

Key Financial Trends

Valley National Bancorp (NASDAQ: VLY) has shown notable profitability improvements in 2025, supported by stronger net income, higher total revenue, and growth in net interest income. The latest quarter (Q4 2025) highlights continued earnings progress versus the prior year while the balance sheet remains liquidity-rich with a robust deposit base. Below are the key, trend-relevant takeaways drawn from the latest four quarters across income statements, cash flows, and balance sheets.

Net income (continuing operations) rose to 195.403 million in Q4 2025, up from 115.711 million in Q4 2024, signaling a clear profitability upgrade.
Total revenue increased to 541.248 million in Q4 2025, up from 474.179 million in Q4 2024, indicating top-line growth.
Net interest income reached 464.907 million in Q4 2025, continuing a rising trend through 2025 (versus ~420.1 million in Q1 2025).
Diluted earnings per share (EPS) were 0.33 in Q4 2025 (same rounded level for basic EPS), representing meaningful quarterly improvement from earlier 2025 levels.
Basic earnings per share (EPS) were 0.33 in Q4 2025, reinforcing the earnings growth signal.
Cash dividends per share remained at 0.11, signaling a stable, shareholder-friendly payout policy through 2025.
Total assets were around 63.0 billion by Q3 2025, reflecting a growing balance sheet alongside a robust deposit base.
Provision for credit losses fluctuated through 2025 (peaking earlier in the year and moderating by Q4), suggesting variable credit cycle dynamics rather than a one-way deterioration or improvement.
Other Non-Interest Income showed a large negative item (-111.342 million) in Q4 2025, illustrating some quarterly volatility in non-interest drivers despite positive total non-interest income.
Non-interest expense rose to 299.401 million in Q4 2025 from 281.985 million in Q3 2025, indicating quarterly cost pressure that could temper margin expansion.

Overall, the four-year view shows a lift in profitability into 2025, supported by stronger net interest income, resilient revenue growth, and a stable payout. However, quarterly non-interest expense and episodic non-interest income volatility remain factors to monitor for ongoing margin discipline.

05/07/26 09:47 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Valley National Bancorp's Financials

When does Valley National Bancorp's financial year end?

According to the most recent income statement we have on file, Valley National Bancorp's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

How has Valley National Bancorp's net income changed over the last 10 years?

Valley National Bancorp's net income appears to be on an upward trend, with a most recent value of $597.98 million in 2025, rising from $116.17 million in 2014. The previous period was $380.27 million in 2024. Find out what analysts predict for Valley National Bancorp in the coming months.

How has Valley National Bancorp's revenue changed over the last 10 years?

Over the last 10 years, Valley National Bancorp's total revenue changed from $552.37 million in 2014 to $2.03 billion in 2025, a change of 266.7%.

How much debt does Valley National Bancorp have?

Valley National Bancorp's total liabilities were at $56.33 billion at the end of 2025, a 2.3% increase from 2024, and a 232.7% increase since 2014.

How much cash does Valley National Bancorp have?

In the past 10 years, Valley National Bancorp's cash and equivalents has ranged from $205.16 million in 2021 to $462.57 million in 2014, and is currently $315.17 million as of their latest financial filing in 2025.

How has Valley National Bancorp's book value per share changed over the last 10 years?

Over the last 10 years, Valley National Bancorp's book value per share changed from 9.00 in 2015 to 14.00 in 2025, a change of 55.6%.

Related Companies

Financial statements for NASDAQ:VLY last updated on 3/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Valley National Bancorp (VLY) Financials

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Valley National Bancorp (VLY) Financials

Annual Income Statements for Valley National Bancorp

Quarterly Income Statements for Valley National Bancorp

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Quarterly Cash Flow Statements for Valley National Bancorp

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Quarterly Balance Sheets for Valley National Bancorp

Annual Metrics And Ratios for Valley National Bancorp

Quarterly Metrics And Ratios for Valley National Bancorp

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Key Financial Trends

Frequently Asked Questions About Valley National Bancorp's Financials

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