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.
Quarterly Income Statements for Valley National Bancorp
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 |
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 |
Annual Cash Flow Statements for Valley National Bancorp
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 |
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 |
Quarterly Cash Flow Statements for Valley National Bancorp
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 |
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 |
Annual Balance Sheets for Valley National Bancorp
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 |
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 |
Quarterly Balance Sheets for Valley National Bancorp
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 |
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 |
Annual Metrics And Ratios for Valley National Bancorp
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 |
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% |
Quarterly Metrics And Ratios for Valley National Bancorp
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 |
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 past several years through its quarterly reports up to Q1 2025. Below are the key insights and trends across its income statement, cash flow statement, and balance sheet:
- Consistent Revenue Generation: Total revenue remained relatively stable, with Q1 2025 posting $478.4 million compared to $474.2 million in Q4 2024. This indicates steady top-line performance.
- Strong Net Interest Income: Net interest income has been robust, with $420.1 million in Q1 2025, showing resilience despite some fluctuation. This is the bank's primary income source.
- Improved Credit Provisioning: The provision for credit losses in Q1 2025 decreased from $106.5 million in Q4 2024 to $62.7 million, showcasing effective risk management and possibly improving asset quality.
- Growing Common Equity: Total common equity has increased over the years, reaching roughly $7.5 billion by Q1 2025, improving the bank’s capital position and financial strength.
- Loan Growth: Loans and leases grew to approximately $48.7 billion in Q1 2025 from $49.3 billion in Q4 2024 (net of allowances), indicating continued demand for credit and an expanding loan portfolio.
- Non-Interest Income Volatility: Non-interest income in Q1 2025 was $58.3 million, slightly above previous quarters but showing volatility (e.g., Q4 2024 had $51.2 million). This fluctuation includes capital gains/losses and other fees.
- Cash Flow from Operations Volatile: Net cash from operating activities swung from a positive $392.2 million in Q4 2024 to a negative $17.1 million in Q1 2025, driven largely by changes in operating assets and liabilities.
- Significant Investing Cash Outflows: The bank continues significant investments in securities and property, with net cash used in investing activities $175.3 million in Q1 2025, which is consistent with previous quarters.
- Decline in Net Interest Income from Peak: Net interest income showed some decline from peaks such as $436 million in Q1 2023 to $420 million in Q1 2025, reflecting a challenging interest rate or competitive environment.
- Increased Operating Expenses: Total non-interest expenses remain high and somewhat steady, with Q1 2025 reporting $276.6 million, similar to previous quarters but this limits profitability expansion.
Summary: Valley National Bancorp has displayed steady interest income and managing credit costs better recently, bolstering net income of $106 million in Q1 2025. The balance sheet shows solid loan growth and improving equity, which is positive. However, volatility in non-interest income and cash flows from operations, along with elevated operating costs, could present challenges. Overall, the bank maintains a stable financial profile with room for improvement in efficiency and diversification of income streams.
08/24/25 09:31 PMAI Generated. May Contain Errors.