Valley National Bancorp (VLY) Financials

$9.36 +0.18 (+1.91%)

As of 03:18 PM 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	2015	2016	2017	2018	2020	2021	2022	2023	2024
Period end date	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
Net Income / (Loss) Attributable to Common Shareholders	99	161	152	249	378	461	556	482	359
Consolidated Net Income / (Loss)	103	168	162	261	391	474	569	499	380
Net Income / (Loss) Continuing Operations	103	168	162	261	391	474	569	499	380
Total Pre-Tax Income	127	233	253	330	530	641	781	678	439
Total Revenue	634	721	772	991	1,302	1,365	1,862	1,891	1,853
Net Interest Income / (Expense)	550	613	660	857	1,119	1,210	1,656	1,665	1,629
Total Interest Income	707	762	834	1,159	1,384	1,334	1,977	3,139	3,357
Loans and Leases Interest Income	633	681	734	1,034	1,285	1,257	1,828	2,887	3,080
Investment Securities Interest Income	73	81	98	122	96	75	135	175	226
Federal Funds Sold and Securities Borrowed Interest Income	0.65	-	1.79	3.24	2.56	1.74	13	77	51
Total Interest Expense	157	149	174	302	265	124	321	1,473	1,729
Deposits Interest Expense	60	78	98	190	182	68	256	1,275	1,559
Short-Term Borrowings Interest Expense	0.92	12	18	46	11	5.37	17	95	22
Long-Term Debt Interest Expense	96	59	58	66	71	51	47	104	148
Total Non-Interest Income	84	108	112	134	183	155	207	226	225
Service Charges on Deposit Accounts	-	31	-	-	-	36	72	85	111
Other Service Charges	60	48	51	110	130	53	69	73	71
Net Realized & Unrealized Capital Gains on Investments	6.73	23	21	16	43	57	58	14	25
Other Non-Interest Income	6.82	6.69	40	8.69	10	8.82	8.04	53	17
Provision for Credit Losses	8.10	12	9.94	33	126	33	57	50	309
Total Non-Interest Expense	499	476	509	629	646	692	1,025	1,163	1,106
Salaries and Employee Benefits	222	243	263	334	333	376	527	564	559
Net Occupancy & Equipment Expense	99	97	102	121	158	169	256	252	237
Property & Liability Insurance Claims	36	38	46	62	51	53	105	169	132
Other Operating Expenses	55	52	46	69	53	53	86	120	124
Amortization Expense	36	46	52	43	38	33	50	58	54
Income Tax Expense	24	65	91	68	139	167	212	180	58
Preferred Stock Dividends Declared	3.81	7.19	9.45	13	13	13	13	16	21
Basic Earnings per Share	$0.42	$0.63	$0.58	$0.75	$0.94	$1.13	$1.14	$0.95	$0.70
Weighted Average Basic Shares Outstanding	234.41M	254.84M	264.04M	331.26M	403.75M	-	507.75M	508.88M	560.28M
Diluted Earnings per Share	$0.42	$0.63	$0.58	$0.75	$0.93	$1.12	$1.14	$0.95	$0.69
Weighted Average Diluted Shares Outstanding	234.44M	255.27M	264.89M	332.69M	405.05M	-	507.75M	508.88M	560.28M
Weighted Average Basic & Diluted Shares Outstanding	236.10M	255.50M	262.90M	331.70M	405.61M	-	507.75M	508.88M	560.28M
Cash Dividends to Common per Share	$0.44	$0.44	$0.44	$0.44	$0.00	$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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	175	174	143	135	137	67	92	66	92	109	99
Consolidated Net Income / (Loss)	178	178	147	139	141	72	96	70	98	116	106
Net Income / (Loss) Continuing Operations	178	178	147	139	141	72	96	70	98	116	106
Total Pre-Tax Income	247	245	204	191	195	89	129	93	127	89	139
Total Revenue	510	519	490	480	471	450	455	453	471	474	478
Net Interest Income / (Expense)	454	466	436	420	412	397	394	402	410	423	420
Total Interest Income	537	647	720	787	813	818	829	833	861	835	785
Loans and Leases Interest Income	497	599	655	715	754	763	772	771	787	751	704
Investment Securities Interest Income	36	40	43	45	42	45	47	52	60	67	74
Federal Funds Sold and Securities Borrowed Interest Income	4.00	7.04	22	27	17	10	9.68	11	13	18	6.88
Total Interest Expense	83	181	284	368	401	421	435	432	450	412	365
Deposits Interest Expense	66	158	231	291	366	387	384	392	410	373	325
Short-Term Borrowings Interest Expense	5.16	7.40	34	50	5.19	5.52	21	0.69	0.45	0.29	2.95
Long-Term Debt Interest Expense	12	16	19	27	29	29	31	39	39	38	36
Total Non-Interest Income	56	53	54	60	59	53	61	51	61	51	58
Other Service Charges	53	-49	20	56	18	-21	53	14	25	-20	17
Net Realized & Unrealized Capital Gains on Investments	1.14	40	12	1.62	8.28	-7.81	5.36	0.89	-3.54	23	2.29
Other Non-Interest Income	1.68	-9.14	23	2.44	32	-3.98	3.24	37	40	-63	39
Provision for Credit Losses	2.02	7.24	14	6.05	9.12	21	45	82	75	107	63
Total Non-Interest Expense	262	266	272	283	267	340	280	277	269	279	277
Salaries and Employee Benefits	135	130	145	150	137	132	142	141	139	137	143
Net Occupancy & Equipment Expense	66	70	60	58	62	72	60	59	56	62	56
Property & Liability Insurance Claims	24	26	26	32	25	86	35	32	29	36	29
Other Operating Expenses	23	26	27	28	29	37	29	30	31	33	32
Amortization Expense	14	14	15	15	14	14	15	14	15	10	17
Income Tax Expense	68	68	57	52	53	17	33	23	29	-27	33
Preferred Stock Dividends Declared	3.17	3.63	3.87	4.03	4.13	4.10	4.12	4.11	6.12	7.03	6.96
Basic Earnings per Share	$0.35	$0.34	$0.28	$0.27	$0.27	$0.13	$0.18	$0.13	$0.18	$0.21	$0.18
Weighted Average Basic Shares Outstanding	506.36M	507.75M	507.88M	507.63M	507.68M	508.88M	509.18M	509.22M	509.37M	560.28M	560.34M
Diluted Earnings per Share	$0.34	$0.35	$0.28	$0.27	$0.27	$0.13	$0.18	$0.13	$0.18	$0.20	$0.18
Weighted Average Diluted Shares Outstanding	506.36M	507.75M	507.88M	507.63M	507.68M	508.88M	509.18M	509.22M	509.37M	560.28M	560.34M
Weighted Average Basic & Diluted Shares Outstanding	506.36M	507.75M	507.88M	507.63M	507.68M	508.88M	509.18M	509.22M	509.37M	560.28M	560.34M
Cash Dividends to Common per Share	$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	2015	2016	2017	2018	2020	2021	2022	2023	2024
Period end date	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
Net Change in Cash & Equivalents	-417	-21	24	13	895	721	-1,102	-57	999
Net Cash From Operating Activities	155	419	619	304	164	837	1,428	378	549
Net Cash From Continuing Operating Activities	155	419	619	304	164	837	1,428	378	549
Net Income / (Loss) Continuing Operations	103	168	162	261	391	474	569	499	380
Consolidated Net Income / (Loss)	103	168	162	261	391	474	569	499	380
Provision For Loan Losses	8.10	12	9.94	33	126	33	57	50	309
Depreciation Expense	21	24	25	28	58	29	42	43	44
Amortization Expense	31	36	56	57	63	52	48	38	32
Non-Cash Adjustments to Reconcile Net Income	3.19	159	431	-25	-219	155	141	14	34
Changes in Operating Assets and Liabilities, net	-12	20	-64	-50	-254	95	572	-265	-250
Net Cash From Investing Activities	-1,700	-1,527	-1,548	-2,840	-2,038	-1,081	-6,788	-3,350	-709
Net Cash From Continuing Investing Activities	-1,700	-1,527	-1,548	-2,840	-2,038	-1,081	-6,788	-3,350	-709
Purchase of Property, Leasehold Improvements and Equipment	-34	-21	-18	-26	-25	-39	-69	-76	-16
Purchase of Investment Securities	-2,589	-2,728	-2,050	-3,812	-3,516	-2,740	-7,773	-3,776	-2,639
Sale of Property, Leasehold Improvements and Equipment	24	21	9.36	7.79	19	8.94	11	18	3.20
Divestitures	201	0.00	0.00	157	0.00	322	322	0.00	98
Sale and/or Maturity of Investments	697	1,201	511	834	1,484	1,368	722	484	1,844
Net Cash From Financing Activities	1,129	1,087	952	2,548	2,769	964	4,257	2,915	1,160
Net Cash From Continuing Financing Activities	1,129	1,087	952	2,548	2,769	964	4,257	2,915	1,160
Net Change in Deposits	1,052	1,477	423	2,735	2,750	2,535	4,975	1,606	831
Issuance of Debt	163	385	1,065	720	838	296	-473	1,252	1,002
Issuance of Preferred Equity	112	0.00	98	-	-	-	0.00	0.00	145
Issuance of Common Equity	7.90	112	8.21	2.70	2.20	11	0.12	4.01	451
Repayment of Debt	-97	-765	-517	-751	-625	-1,661	0.00	304	-1,010
Repurchase of Common Equity	-2.11	-3.19	-2.65	-3.80	-5.37	-24	-24	-11	-8.87
Payment of Dividends	-106	-119	-122	-155	-191	-192	-219	-240	-250
Other Financing Activities, Net	-	-	0.00	0.00	-0.61	-0.68	-0.75	-0.02	-0.00
Cash Interest Paid	159	151	171	290	279	138	281	1,360	1,738
Cash Income Taxes Paid	50	27	29	54	148	163	172	237	90

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-270	-170	4,758	-3,751	-811	-253	50	68	31	850	-666
Net Cash From Operating Activities	425	198	-270	552	374	-279	100	214	-157	392	-17
Net Cash From Continuing Operating Activities	425	198	-270	552	374	-279	100	214	-157	392	-17
Net Income / (Loss) Continuing Operations	178	178	147	139	141	72	96	70	98	116	106
Consolidated Net Income / (Loss)	178	178	147	139	141	72	96	70	98	116	106
Provision For Loan Losses	2.02	7.24	14	6.05	9.12	21	45	82	75	107	63
Depreciation Expense	11	12	12	9.91	11	11	11	11	9.74	13	9.89
Amortization Expense	12	11	10	9.57	10	7.58	8.63	7.93	7.97	7.12	6.19
Non-Cash Adjustments to Reconcile Net Income	37	-5.78	23	-56	-0.22	47	18	7.82	31	-22	13
Changes in Operating Assets and Liabilities, net	185	-4.25	-475	444	203	-437	-79	35	-379	173	-215
Net Cash From Investing Activities	-1,608	-1,854	-1,785	-1,196	-266	-103	92	-1,107	-163	469	-175
Net Cash From Continuing Investing Activities	-1,608	-1,854	-1,785	-1,196	-266	-103	92	-1,107	-163	469	-175
Purchase of Property, Leasehold Improvements and Equipment	-15	-18	-18	-31	-22	-4.48	-3.64	-2.74	-3.35	-6.42	-3.05
Purchase of Investment Securities	-1,754	-2,260	-1,856	-1,320	-368	-233	-292	-1,249	-347	-751	-434
Sale of Property, Leasehold Improvements and Equipment	0.14	3.43	0.13	0.37	18	-0.10	2.85	0.12	0.73	-0.50	2.26
Divestitures	-	-	0.00	-	-	-	98	-	-	-	0.00
Sale and/or Maturity of Investments	162	99	89	155	106	134	287	144	186	1,227	171
Other Investing Activities, net	-	-	-	-	-	-	-	-	-	-	88
Net Cash From Financing Activities	913	1,486	6,812	-3,108	-919	129	-142	961	351	-11	-474
Net Cash From Continuing Financing Activities	913	1,486	6,812	-3,108	-919	129	-142	961	351	-11	-474
Net Change in Deposits	1,428	2,328	-46	2,029	265	-642	-165	1,034	275	-313	-112
Issuance of Debt	-616	-621	1,000	250	-49	51	1,000	-854	856	-	0.00
Issuance of Common Equity	-	0.01	3.75	-	0.05	0.21	0.05	-	0.03	451	3.41
Repayment of Debt	160	-160	5,924	-5,324	-1,075	779	-908	843	-860	-86	-287
Repurchase of Common Equity	-0.13	-0.11	-8.60	-2.53	-0.14	-0.20	-7.38	-0.89	-0.21	-0.39	-2.16
Payment of Dividends	-59	-61	-61	-60	-60	-58	-62	-60	-64	-63	-70
Other Financing Activities, Net	-0.19	-0.19	-0.01	-0.00	-0.00	-0.00	-0.00	-	-0.00	-	-7.13
Cash Interest Paid	72	152	244	327	370	417	485	406	457	389	403
Cash Income Taxes Paid	45	50	8.78	113	51	64	6.49	42	34	6.99	13

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	2015	2016	2017	2018	2019	2021	2022	2023	2024
Period end date	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
Total Assets	21,613	22,864	24,002	31,863	37,436	43,446	57,463	60,935	62,492
Cash and Due from Banks	244	221	243	252	256	205	444	284	411
Interest Bearing Deposits at Other Banks	170	172	173	177	178	1,845	504	607	1,479
Trading Account Securities	3,103	3,223	3,337	3,818	1,608	-	1,324	1,365	3,441
Loans and Leases, Net of Allowance	15,937	17,122	18,211	24,884	-162	0.00	46,459	49,764	48,241
Loans and Leases	16,043	17,236	18,332	25,035	-	-	46,917	50,210	48,800
Allowance for Loan and Lease Losses	106	114	121	152	162	-	459	446	559
Loans Held for Sale	16	58	15	35	76	-	18	31	26
Accrued Investment Income	64	67	74	95	106	-	197	245	240
Premises and Equipment, Net	299	291	288	342	335	326	359	381	351
Goodwill	686	691	691	1,085	1,374	1,459	1,869	1,869	1,869
Intangible Assets	49	45	43	77	87	70	197	160	129
Other Assets	1,045	975	929	1,099	33,578	1,380	6,093	6,228	6,305
Total Liabilities & Shareholders' Equity	21,613	22,864	24,002	31,863	37,436	21,103	57,463	60,935	62,492
Total Liabilities	19,406	20,487	21,469	28,513	33,052	38,362	51,062	54,234	55,057
Non-Interest Bearing Deposits	4,914	5,253	5,225	6,175	6,710	11,676	14,464	11,539	11,429
Interest Bearing Deposits	11,339	12,478	12,929	18,277	22,475	3,687	33,173	37,703	38,647
Short-Term Debt	1,077	1,081	749	2,119	1,093	656	139	918	73
Other Short-Term Payables	-	200	209	228	285	-	1,328	1,284	1,288
Long-Term Debt	1,852	1,475	2,358	1,710	2,178	-	1,600	2,385	3,232
Other Long-Term Liabilities	223	-	-	3.13	310	-	359	404	388
Total Equity & Noncontrolling Interests	2,207	2,377	2,533	3,350	4,384	5,084	6,401	6,701	7,435
Total Preferred & Common Equity	2,207	2,377	2,533	3,350	4,384	5,084	6,401	6,701	7,435
Preferred Stock	112	0.00	0.00	0.00	210	210	0.00	0.00	0.00
Total Common Equity	2,096	2,377	2,533	3,350	4,174	4,874	6,401	6,701	7,435
Common Stock	2,016	2,137	2,153	2,913	3,764	4,032	5,158	5,168	5,638
Retained Earnings	125	173	217	300	444	884	1,218	1,471	1,598
Treasury Stock	0.00	-1.85	-0.34	-2.19	-0.48	-23	-22	-1.39	0.00
Accumulated Other Comprehensive Income / (Loss)	-46	-42	-46	-69	-32	-18	-164	-146	-155
Other Equity Adjustments	-	112	210	210	-	-	210	210	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
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
Total Assets	55,928	64,310	61,704	61,183	61,000	62,059	62,092	61,866
Cash and Due from Banks	431	445	463	445	399	478	512	509
Interest Bearing Deposits at Other Banks	687	5,261	1,491	699	542	531	528	715
Trading Account Securities	1,319	5,162	1,301	1,253	1,520	2,285	2,679	3,733
Loans and Leases, Net of Allowance	44,710	48,223	49,441	49,655	49,453	49,792	48,807	48,079
Loans and Leases	45,186	48,660	49,877	50,098	49,922	50,312	49,355	48,657
Allowance for Loan and Lease Losses	476	437	436	442	469	519	548	578
Loans Held for Sale	6.07	17	33	34	62	20	843	27
Accrued Investment Income	159	224	226	238	254	251	250	238
Premises and Equipment, Net	362	365	387	388	371	363	357	344
Goodwill	1,872	1,869	1,869	1,869	1,869	1,869	1,869	1,869
Intangible Assets	208	187	178	169	151	144	135	121
Other Assets	6,172	50,780	6,315	6,433	6,379	6,326	6,112	6,230
Total Liabilities & Shareholders' Equity	55,928	64,310	61,704	61,183	61,000	62,059	62,092	61,866
Total Liabilities	49,654	57,798	55,129	54,556	54,273	55,321	55,120	54,366
Non-Interest Bearing Deposits	15,421	13,576	12,434	11,672	11,273	11,118	11,154	11,629
Interest Bearing Deposits	29,888	34,015	37,186	38,214	37,805	38,994	39,242	38,337
Short-Term Debt	919	6,413	1,089	90	75	64	58	59
Other Short-Term Payables	1,460	-	1,498	1,793	1,403	1,425	939	984
Long-Term Debt	1,598	2,255	2,500	2,375	3,320	3,322	3,332	2,962
Other Long-Term Liabilities	367	1,540	421	413	397	398	395	394
Total Equity & Noncontrolling Interests	6,274	6,512	6,575	6,627	6,727	6,738	6,972	7,500
Total Preferred & Common Equity	6,274	6,512	6,575	6,627	6,727	6,738	6,972	7,500
Preferred Stock	0.00	210	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
Common Stock	5,151	5,146	5,153	5,161	5,168	5,174	5,181	5,641
Retained Earnings	1,101	1,301	1,380	1,460	1,507	1,516	1,551	1,635
Treasury Stock	-22	-1.29	-1.99	-1.72	0.00	0.00	0.00	-2.16
Accumulated Other Comprehensive Income / (Loss)	-166	-144	-165	-202	-157	-163	-115	-128
Other Equity Adjustments	210	-	210	210	210	210	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
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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.79%	13.77%	6.98%	28.44%	12.24%	0.00%	4.84%	36.45%	1.55%	-2.01%
EBITDA Growth	-11.96%	63.73%	13.80%	24.01%	34.67%	16.66%	10.96%	20.61%	-12.79%	-32.32%
EBIT Growth	-13.81%	83.92%	8.29%	30.45%	38.55%	16.04%	20.88%	21.84%	-13.11%	-35.35%
NOPAT Growth	-11.38%	63.32%	-3.71%	61.47%	18.50%	26.09%	21.31%	20.05%	-12.37%	-23.72%
Net Income Growth	-11.38%	63.32%	-3.71%	61.47%	18.50%	0.00%	21.31%	20.05%	-12.37%	-23.72%
EPS Growth	-25.00%	50.00%	-7.94%	29.31%	16.00%	0.00%	20.43%	1.79%	-16.67%	-27.37%
Operating Cash Flow Growth	-15.79%	170.56%	47.73%	-50.91%	-13.83%	0.00%	411.82%	70.64%	-73.52%	45.04%
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%
Invested Capital Growth	12.24%	-3.95%	14.31%	27.30%	6.64%	-100.00%	0.00%	41.81%	22.92%	7.34%
Revenue Q/Q Growth	2.24%	3.59%	0.33%	0.00%	1.82%	0.00%	1.34%	9.73%	-3.50%	1.32%
EBITDA Q/Q Growth	-19.36%	38.00%	3.56%	0.00%	-2.87%	0.00%	-2.24%	14.37%	-17.44%	0.17%
EBIT Q/Q Growth	-23.64%	47.11%	-2.83%	0.00%	-4.22%	0.00%	2.23%	12.68%	-18.71%	0.02%
NOPAT Q/Q Growth	-16.58%	37.01%	-12.91%	0.00%	-11.18%	0.00%	2.08%	12.36%	-17.54%	13.14%
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%
EPS Q/Q Growth	-19.23%	40.00%	-13.43%	0.00%	-13.86%	0.00%	1.82%	8.57%	-18.80%	11.29%
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%
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%
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%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	28.27%	40.68%	43.27%	41.78%	50.13%	49.97%	52.89%	46.75%	40.15%	27.73%
EBIT Margin	20.01%	32.35%	32.75%	33.26%	41.06%	40.71%	46.94%	41.92%	35.87%	23.66%
Profit (Net Income) Margin	16.24%	23.31%	20.98%	26.37%	27.84%	30.00%	34.72%	30.54%	26.36%	20.52%
Tax Burden Percent	81.14%	72.05%	64.06%	79.29%	67.82%	73.69%	73.95%	72.87%	73.49%	86.72%
Interest Burden Percent	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%
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%
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%
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%
Return on Equity (ROE)	5.06%	7.34%	6.59%	8.89%	8.01%	17.82%	18.64%	9.91%	7.61%	5.38%
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%
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%
Return on Assets (ROA)	0.51%	0.76%	0.69%	0.94%	0.89%	2.09%	2.18%	1.13%	0.84%	0.62%
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%
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%
Net Operating Profit after Tax (NOPAT)	103	168	162	261	310	391	474	569	499	380
NOPAT Margin	16.24%	23.31%	20.98%	26.37%	27.84%	30.00%	34.72%	30.54%	26.36%	20.52%
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%
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%
Operating Expenses to Revenue	78.71%	66.00%	65.96%	63.46%	56.77%	49.63%	50.67%	55.03%	61.48%	59.67%
Earnings before Interest and Taxes (EBIT)	127	233	253	330	457	530	641	781	678	439
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	179	293	334	414	558	651	722	871	759	514
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
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
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
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
Dividend Yield	6.67%	5.40%	5.39%	8.20%	4.57%	5.43%	3.73%	4.36%	4.33%	4.92%
Earnings Yield	6.45%	7.76%	7.07%	11.19%	9.07%	11.55%	9.59%	10.88%	9.36%	7.88%
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
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
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
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
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
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
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
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
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
Financial Leverage	1.39	1.20	1.15	1.18	0.92	0.75	0.13	0.21	0.38	0.47
Leverage Ratio	9.93	9.70	9.54	9.50	8.96	8.54	8.55	8.79	9.04	8.73
Compound Leverage Factor	9.93	9.70	9.54	9.50	8.96	8.54	8.55	8.79	9.04	8.73
Debt to Total Capital	57.03%	51.82%	55.08%	53.33%	42.73%	0.00%	11.42%	21.36%	33.02%	30.77%
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%
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%
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%
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%
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%
Debt to EBITDA	16.34	8.71	9.30	9.25	5.87	0.00	0.91	2.00	4.35	6.43
Net Debt to EBITDA	14.03	7.37	8.06	8.21	5.09	0.00	-1.93	0.91	3.18	2.75
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
Debt to NOPAT	28.45	15.20	19.19	14.64	10.56	0.00	1.38	3.06	6.63	8.69
Net Debt to NOPAT	24.43	12.87	16.62	13.01	9.16	0.00	-2.94	1.39	4.84	3.72
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
Noncontrolling Interest Sharing Ratio	2.74%	2.43%	0.00%	0.00%	2.71%	4.78%	4.12%	1.83%	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
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%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.03	0.03	0.04	0.03	0.07	0.06	0.04	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
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
Invested Capital Turnover	0.13	0.14	0.15	0.15	0.15	0.34	0.48	0.27	0.21	0.18
Increase / (Decrease) in Invested Capital	560	-203	706	1,540	477	-7,656	5,740	2,400	1,865	735
Enterprise Value (EV)	4,163	4,238	4,847	5,622	6,322	3,272	3,622	5,897	7,566	5,970
Market Capitalization	1,536	2,074	2,157	2,222	3,276	3,272	4,806	5,107	5,154	4,556
Book Value per Share	$9.00	$9.34	$9.58	$10.11	$12.58	$0.00	$11.98	$12.64	$13.20	$14.60
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
Total Capital	5,136	4,934	5,639	7,179	7,656	0.00	5,740	8,139	10,005	10,739
Total Debt	2,929	2,556	3,106	3,829	3,271	0.00	656	1,739	3,303	3,304
Total Long-Term Debt	1,852	1,475	2,358	1,710	2,178	0.00	0.00	1,600	2,385	3,232
Net Debt	2,515	2,164	2,690	3,400	2,837	0.00	-1,394	791	2,412	1,414
Capital Expenditures (CapEx)	10	0.15	8.76	19	-86	5.50	30	58	58	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
Net Nonoperating Obligations (NNO)	2,929	2,556	3,106	3,829	3,271	0.00	656	1,739	3,303	3,304
Total Depreciation and Amortization (D&A)	52	60	81	84	101	121	81	90	81	75
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
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
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
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
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
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
Normalized Net Operating Profit after Tax (NOPAT)	144	168	162	261	331	399	480	569	499	380
Normalized NOPAT Margin	22.78%	23.31%	20.98%	26.37%	29.80%	30.68%	35.17%	30.54%	26.36%	20.52%
Pre Tax Income Margin	20.01%	32.35%	32.75%	33.26%	41.06%	40.71%	46.94%	41.92%	35.87%	23.66%
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
NOPAT to Interest Expense	0.66	1.13	0.93	0.87	0.73	1.48	3.81	1.77	0.34	0.22
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
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
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%
Augmented Payout Ratio	105.09%	72.67%	77.08%	60.64%	51.98%	50.19%	45.64%	42.76%	50.39%	67.97%

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	48.54%	46.70%	37.37%	0.66%	-7.66%	-13.24%	-7.21%	-5.61%	0.02%	5.38%	5.15%
EBITDA Growth	40.88%	68.88%	28.44%	33.63%	-19.96%	-59.79%	-33.93%	-46.75%	-33.13%	0.81%	4.25%
EBIT Growth	49.40%	55.83%	30.55%	43.51%	-20.97%	-63.71%	-36.45%	-51.09%	-34.98%	0.11%	7.47%
NOPAT Growth	45.31%	54.38%	25.55%	44.23%	-20.65%	-59.71%	-34.30%	-49.36%	-30.77%	61.71%	10.16%
Net Income Growth	45.31%	54.38%	25.55%	44.23%	-20.65%	-59.71%	-34.30%	-49.36%	-30.77%	61.71%	10.16%
EPS Growth	17.24%	34.62%	3.70%	50.00%	-20.59%	-62.86%	-35.71%	-51.85%	-33.33%	53.85%	0.00%
Operating Cash Flow Growth	230.05%	-22.12%	-154.37%	78.45%	-11.99%	-240.78%	136.90%	-61.26%	-142.01%	240.78%	-117.21%
Free Cash Flow Firm Growth	-179.91%	60.50%	-816.95%	46.24%	89.48%	19.27%	164.53%	113.33%	-631.69%	65.49%	-105.69%
Invested Capital Growth	24.00%	41.81%	115.42%	10.63%	3.43%	22.92%	-33.32%	-0.41%	13.97%	7.34%	3.94%
Revenue Q/Q Growth	7.03%	1.65%	-5.46%	-2.14%	-1.83%	-4.48%	1.11%	-0.45%	4.03%	0.64%	0.89%
EBITDA Q/Q Growth	71.40%	-0.56%	-15.98%	-6.68%	2.66%	-50.05%	38.05%	-24.79%	28.93%	-24.70%	42.75%
EBIT Q/Q Growth	85.41%	-0.56%	-16.90%	-6.33%	2.10%	-54.34%	45.51%	-27.90%	35.73%	-29.69%	56.21%
NOPAT Q/Q Growth	84.75%	-0.30%	-17.48%	-5.11%	1.64%	-49.38%	34.56%	-26.86%	38.95%	18.25%	-8.34%
Net Income Q/Q Growth	84.75%	-0.30%	-17.48%	-5.11%	1.64%	-49.38%	34.56%	-26.86%	38.95%	18.25%	-8.34%
EPS Q/Q Growth	88.89%	2.94%	-20.00%	-3.57%	0.00%	-51.85%	38.46%	-27.78%	38.46%	11.11%	-10.00%
Operating Cash Flow Q/Q Growth	37.33%	-53.45%	-236.28%	304.82%	-32.27%	-174.47%	135.72%	115.05%	-173.44%	349.54%	-104.37%
Free Cash Flow Firm Q/Q Growth	2.21%	-45.88%	-259.43%	89.51%	80.87%	-1,019.81%	387.30%	-97.83%	-1,149.74%	47.19%	52.66%
Invested Capital Q/Q Growth	-4.32%	-7.41%	86.49%	-33.04%	-10.55%	10.03%	1.17%	0.01%	2.36%	3.64%	-2.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	52.87%	51.72%	45.96%	43.83%	45.83%	23.97%	32.72%	24.72%	30.64%	22.93%	32.44%
EBIT Margin	48.32%	47.27%	41.55%	39.77%	41.36%	19.77%	28.45%	20.61%	26.89%	18.78%	29.08%
Profit (Net Income) Margin	34.91%	34.24%	29.89%	28.98%	30.00%	15.90%	21.16%	15.55%	20.77%	24.40%	22.17%
Tax Burden Percent	72.25%	72.45%	71.94%	72.88%	72.55%	80.43%	74.37%	75.46%	77.25%	129.92%	76.23%
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	27.75%	27.55%	28.06%	27.12%	27.45%	19.57%	25.63%	24.54%	22.75%	-29.92%	23.77%
Return on Invested Capital (ROIC)	7.46%	9.19%	5.37%	5.99%	6.58%	3.32%	3.10%	2.80%	3.91%	4.36%	4.03%
ROIC Less NNEP Spread (ROIC-NNEP)	7.46%	9.19%	5.37%	5.99%	6.58%	3.32%	3.10%	2.80%	3.91%	4.36%	4.03%
Return on Net Nonoperating Assets (RNNOA)	3.22%	1.92%	4.91%	3.08%	2.54%	1.28%	2.83%	1.47%	1.68%	2.04%	1.82%
Return on Equity (ROE)	10.68%	11.11%	10.28%	9.07%	9.12%	4.59%	5.93%	4.27%	5.59%	6.40%	5.85%
Cash Return on Invested Capital (CROIC)	-15.05%	-26.38%	-67.80%	-3.46%	3.39%	-15.07%	43.52%	4.15%	-9.60%	-3.42%	-0.09%
Operating Return on Assets (OROA)	1.69%	1.74%	1.54%	1.37%	1.38%	0.63%	0.84%	0.61%	0.80%	0.56%	0.89%
Return on Assets (ROA)	1.22%	1.26%	1.11%	1.00%	1.00%	0.51%	0.63%	0.46%	0.62%	0.73%	0.68%
Return on Common Equity (ROCE)	10.48%	10.90%	10.09%	9.07%	9.12%	4.59%	5.84%	4.27%	5.59%	6.40%	5.85%
Return on Equity Simple (ROE_SIMPLE)	8.07%	0.00%	9.19%	9.75%	9.12%	0.00%	6.66%	5.63%	4.82%	0.00%	5.20%
Net Operating Profit after Tax (NOPAT)	178	178	147	139	141	72	96	70	98	116	106
NOPAT Margin	34.91%	34.24%	29.89%	28.98%	30.00%	15.90%	21.16%	15.55%	20.77%	24.40%	22.17%
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	39.28%	38.48%	41.76%	43.35%	42.30%	45.27%	44.31%	44.22%	41.34%	42.00%	41.47%
Operating Expenses to Revenue	51.28%	51.34%	55.51%	58.97%	56.71%	75.65%	61.61%	61.27%	57.19%	58.75%	57.82%
Earnings before Interest and Taxes (EBIT)	247	245	204	191	195	89	129	93	127	89	139
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	270	268	225	210	216	108	149	112	144	109	155
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.77	0.80	0.67	0.55	0.61	0.77	0.57	0.51	0.65	0.61	0.66
Price to Tangible Book Value (P/TBV)	1.15	1.18	1.00	0.79	0.88	1.10	0.82	0.72	0.91	0.84	0.90
Price to Revenue (P/Rev)	2.85	2.74	2.12	1.80	2.05	2.73	2.07	1.87	2.46	2.46	2.65
Price to Earnings (P/E)	9.79	9.19	7.23	5.74	6.82	10.69	8.89	9.43	14.18	12.69	13.61
Dividend Yield	4.61%	4.36%	5.28%	6.22%	5.56%	4.33%	5.83%	6.54%	4.97%	4.92%	4.95%
Earnings Yield	10.22%	10.88%	13.83%	17.43%	14.66%	9.36%	11.25%	10.61%	7.05%	7.88%	7.35%
Enterprise Value to Invested Capital (EV/IC)	0.71	0.72	0.49	0.51	0.59	0.76	0.62	0.57	0.66	0.56	0.64
Enterprise Value to Revenue (EV/Rev)	3.67	3.17	3.71	2.62	2.72	4.00	3.39	3.17	3.75	3.22	3.61
Enterprise Value to EBITDA (EV/EBITDA)	8.18	6.77	8.04	5.37	5.80	9.96	9.22	9.92	13.36	11.62	13.03
Enterprise Value to EBIT (EV/EBIT)	8.99	7.55	8.93	5.90	6.40	11.15	10.42	11.45	15.64	13.61	15.12
Enterprise Value to NOPAT (EV/NOPAT)	12.30	10.37	12.36	8.15	8.83	15.18	14.04	15.28	20.40	15.70	17.38
Enterprise Value to Operating Cash Flow (EV/OCF)	4.20	4.13	11.17	5.77	6.25	20.01	8.42	14.18	0.00	10.88	15.69
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	17.62	0.00	1.14	13.78	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.40	0.27	1.33	0.55	0.37	0.49	0.50	0.50	0.49	0.44	0.40
Long-Term Debt to Equity	0.25	0.25	0.35	0.38	0.36	0.36	0.49	0.49	0.48	0.43	0.40
Financial Leverage	0.43	0.21	0.91	0.51	0.39	0.38	0.91	0.52	0.43	0.47	0.45
Leverage Ratio	8.76	8.79	9.29	9.09	9.08	9.04	9.47	9.30	9.06	8.73	8.64
Compound Leverage Factor	8.76	8.79	9.29	9.09	9.08	9.04	9.47	9.30	9.06	8.73	8.64
Debt to Total Capital	28.63%	21.36%	57.10%	35.31%	27.11%	33.02%	33.54%	33.44%	32.71%	30.77%	28.72%
Short-Term Debt to Total Capital	10.46%	1.70%	42.25%	10.71%	0.99%	9.17%	0.74%	0.63%	0.56%	0.68%	0.56%
Long-Term Debt to Total Capital	18.18%	19.66%	14.85%	24.60%	26.12%	23.84%	32.80%	32.81%	32.15%	30.09%	28.15%
Preferred Equity to Total Capital	0.00%	0.00%	1.38%	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	71.37%	78.64%	41.52%	64.69%	72.89%	66.98%	66.46%	66.56%	67.29%	69.23%	71.28%
Debt to EBITDA	3.31	2.00	9.41	3.69	2.68	4.35	4.97	5.79	6.61	6.43	5.81
Net Debt to EBITDA	1.84	0.91	3.22	1.68	1.44	3.18	3.59	4.07	4.58	2.75	3.45
Long-Term Debt to EBITDA	2.10	1.84	2.45	2.57	2.58	3.14	4.86	5.68	6.49	6.29	5.69
Debt to NOPAT	4.97	3.06	14.48	5.60	4.08	6.63	7.57	8.92	10.09	8.69	7.75
Net Debt to NOPAT	2.76	1.39	4.95	2.55	2.19	4.84	5.47	6.26	6.99	3.72	4.61
Long-Term Debt to NOPAT	3.16	2.81	3.77	3.90	3.93	4.79	7.41	8.75	9.91	8.50	7.59
Noncontrolling Interest Sharing Ratio	1.89%	1.83%	1.81%	0.00%	0.00%	0.00%	1.58%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,523	-2,222	-7,986	-837	-160	-1,794	5,154	112	-1,172	-619	-293
Operating Cash Flow to CapEx	2,794.29%	1,319.91%	-1,486.83%	1,791.06%	8,928.28%	-6,095.95%	12,612.29%	8,183.59%	-6,003.36%	5,665.12%	-2,161.87%
Free Cash Flow to Firm to Interest Expense	-18.41	-12.29	-28.10	-2.28	-0.40	-4.26	11.84	0.26	-2.60	-1.50	-0.80
Operating Cash Flow to Interest Expense	5.14	1.09	-0.95	1.50	0.93	-0.66	0.23	0.50	-0.35	0.95	-0.05
Operating Cash Flow Less CapEx to Interest Expense	4.95	1.01	-1.01	1.42	0.92	-0.67	0.23	0.49	-0.36	0.94	-0.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.04	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Fixed Asset Turnover	4.98	5.44	5.68	5.35	5.23	5.11	5.04	4.88	4.91	5.06	5.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8,791	8,139	15,179	10,165	9,092	10,005	10,122	10,123	10,362	10,739	10,521
Invested Capital Turnover	0.21	0.27	0.18	0.21	0.22	0.21	0.15	0.18	0.19	0.18	0.18
Increase / (Decrease) in Invested Capital	1,701	2,400	8,133	976	302	1,865	-5,057	-41	1,270	735	399
Enterprise Value (EV)	6,229	5,897	7,401	5,229	5,338	7,566	6,294	5,800	6,855	5,970	6,778
Market Capitalization	4,830	5,107	4,230	3,595	4,017	5,154	3,840	3,424	4,505	4,556	4,981
Book Value per Share	$12.39	$12.64	$12.41	$12.95	$13.06	$13.20	$13.22	$13.23	$13.69	$14.60	$13.39
Tangible Book Value per Share	$8.28	$8.56	$8.36	$8.92	$9.04	$9.20	$9.25	$9.28	$9.76	$10.68	$9.83
Total Capital	8,791	8,139	15,179	10,165	9,092	10,005	10,122	10,123	10,362	10,739	10,521
Total Debt	2,517	1,739	8,668	3,589	2,465	3,303	3,395	3,386	3,390	3,304	3,021
Total Long-Term Debt	1,598	1,600	2,255	2,500	2,375	2,385	3,320	3,322	3,332	3,232	2,962
Net Debt	1,399	791	2,962	1,635	1,321	2,412	2,454	2,377	2,350	1,414	1,797
Capital Expenditures (CapEx)	15	15	18	31	4.19	4.57	0.79	2.62	2.62	6.92	0.79
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)	2,517	1,739	8,668	3,589	2,465	3,303	3,395	3,386	3,390	3,304	3,021
Total Depreciation and Amortization (D&A)	23	23	22	19	21	19	19	19	18	20	16
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.35	$0.34	$0.28	$0.27	$0.27	$0.13	$0.18	$0.13	$0.18	$0.21	$0.18
Adjusted Weighted Average Basic Shares Outstanding	506.34M	507.75M	507.88M	507.63M	507.68M	508.88M	509.18M	509.22M	509.37M	560.28M	560.34M
Adjusted Diluted Earnings per Share	$0.34	$0.35	$0.28	$0.27	$0.27	$0.13	$0.18	$0.13	$0.18	$0.20	$0.18
Adjusted Weighted Average Diluted Shares Outstanding	508.69M	507.75M	507.88M	507.63M	507.68M	508.88M	509.18M	509.22M	509.37M	560.28M	560.34M
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	506.36M	507.75M	507.88M	507.63M	507.68M	508.88M	509.18M	509.22M	509.37M	560.28M	560.34M
Normalized Net Operating Profit after Tax (NOPAT)	178	178	147	139	141	72	96	70	98	62	106
Normalized NOPAT Margin	34.91%	34.24%	29.89%	28.98%	30.00%	15.90%	21.16%	15.55%	20.77%	13.15%	22.17%
Pre Tax Income Margin	48.32%	47.27%	41.55%	39.77%	41.36%	19.77%	28.45%	20.61%	26.89%	18.78%	29.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.98	1.36	0.72	0.52	0.49	0.21	0.30	0.22	0.28	0.22	0.38
NOPAT to Interest Expense	2.15	0.98	0.52	0.38	0.35	0.17	0.22	0.16	0.22	0.28	0.29
EBIT Less CapEx to Interest Expense	2.80	1.27	0.65	0.44	0.48	0.20	0.30	0.21	0.28	0.20	0.38
NOPAT Less CapEx to Interest Expense	1.97	0.90	0.45	0.29	0.34	0.16	0.22	0.16	0.21	0.26	0.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	40.66%	38.52%	38.63%	37.69%	40.16%	48.09%	53.62%	63.41%	72.80%	65.64%	66.00%
Augmented Payout Ratio	49.98%	42.76%	40.15%	39.46%	42.05%	50.39%	55.90%	65.68%	75.38%	67.97%	68.82%

Key Financial Trends

Valley National Bancorp (NASDAQ: VLY) has demonstrated solid financial performance over the last several years, with key financial trends showing resilience amid a changing economic environment. Below is a summary of relevant financial insights based on recent quarterly statements:

Consistent Net Interest Income: The company posted a net interest income of approximately $420.1 million in Q1 2025, maintaining a stable core revenue stream from its lending and investment activities compared to prior quarters.
Robust Loan and Lease Portfolio: Loans and leases remain a substantial asset base, valued at around $48.7 billion gross and $48.1 billion net as of Q1 2025. This reflects a steady lending operation supporting the bank’s profitability.
Stable Earnings: Net income attributable to common shareholders was $99.1 million in Q1 2025, yielding basic and diluted EPS of $0.18, illustrating steady profitability despite earlier fluctuations.
Dividend Payout Consistency: The company sustained a consistent cash dividend of $0.11 per common share in Q1 2025, signaling stable shareholder returns.
Improved Capital Position: Total common equity increased to approximately $7.5 billion in Q1 2025, supporting balance sheet strength and capacity for future growth.
Provision for Credit Losses: Elevated provisions were reported recently (e.g., $62.7 million in Q1 2025), indicating some heightened credit risk or cautious loan loss reserving amid economic uncertainty.
Fluctuating Non-Interest Income: Non-interest income was $58.3 million in Q1 2025, stable relative to previous quarters, but earlier quarters showed some variability due to realized and unrealized capital gains/losses.
Cash Flow Volatility: Net cash from continuing operating activities showed both positive and negative swings quarterly, including negative $17.1 million in Q1 2025, influenced by changes in operating assets and liabilities.
Rising Interest Expense: Total interest expense increased to $364.6 million in Q1 2025, partially due to higher deposit interest costs, pressuring net interest margins compared to prior periods.
Increasing Operating Costs: Non-interest expenses remain significant, with $276.6 million in Q1 2025, including salaries, occupancy, and insurance claims, impacting profitability metrics.

Overall, Valley National Bancorp has exhibited steady revenue generation driven by its lending business and a solid asset base. The company has maintained profitability and shareholder dividends despite some credit provisioning pressures and fluctuations in non-interest income. Rising interest expenses and operating costs are notable headwinds that management will need to control to sustain margins and earnings growth.

Investors may view the bank’s stable capital position and consistent earnings positively, while monitoring provisions for credit losses and expense trends closely as indicators of underlying credit quality and operational efficiency in the current economic cycle.

08/04/25 11:21 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Valley National Bancorp's Financials

When does Valley National Bancorp's fiscal year end?

According to the most recent income statement we have on file, Valley National Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Valley National Bancorp's net income changed over the last 8 years?

Valley National Bancorp's net income appears to be on an upward trend, with a most recent value of $380.27 million in 2024, rising from $102.96 million in 2015. The previous period was $498.51 million in 2023. Find out what analysts predict for Valley National Bancorp in the coming months.

How has Valley National Bancorp's revenue changed over the last 8 years?

Over the last 8 years, Valley National Bancorp's total revenue changed from $634.07 million in 2015 to $1.85 billion in 2024, a change of 192.3%.

How much debt does Valley National Bancorp have?

Valley National Bancorp's total liabilities were at $55.06 billion at the end of 2024, a 1.5% increase from 2023, and a 183.7% increase since 2015.

How much cash does Valley National Bancorp have?

In the past 8 years, Valley National Bancorp's cash and equivalents has ranged from $205.16 million in 2021 to $444.33 million in 2022, and is currently $411.41 million as of their latest financial filing in 2024.

How has Valley National Bancorp's book value per share changed over the last 9 years?

Over the last 9 years, Valley National Bancorp's book value per share changed from 9.00 in 2015 to 14.60 in 2024, a change of 62.2%.

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This page (NASDAQ:VLY) was last updated on 8/4/2025 by MarketBeat.com Staff

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Valley National Bancorp (VLY) Financials

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Valley National Bancorp (VLY) Financials

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Quarterly Balance Sheets for Valley National Bancorp

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