Valley National Bancorp (VLY)

Nasdaq: VLY · National Commercial Banks · New York, NY · filing with the SEC since 1994

Grade3.7

◀ Past 3.9● Present 4.0▶ Future 3.0

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 27, 2026	Feb 28, 2025	Feb 29, 2024	Mar 1, 2023	Feb 28, 2022	Feb 26, 2021	Mar 10, 2020	Feb 28, 2019	Mar 1, 2018	Feb 28, 2017
For lenders
Interest and dividend income	3,232,484	3,357,497	3,138,891	1,976,683	1,334,226	1,383,719	1,321,000	1,159,248	834,154^r	761,888^r
Interest expense on deposits and borrowings	1,468,840	1,728,789	1,473,413	321,043	·	·	·	·	·	·
Net interest income	1,763,644	1,628,708	1,665,478	1,655,640	1,209,901	1,118,904	898,048	857,203	660,047^r	613,114^r
Provision for credit losses	141,465	314,380	50,755	48,236	27,507	123,922	25,809	31,661	9,942	11,869
Net interest income after provision	1,623,870	1,319,878	1,615,294	1,598,823	1,177,268	993,182	873,830	824,702	650,105^r	601,245^r
Noninterest income	262,126	224,501	225,729	206,793	155,013	183,032	214,520	134,052	111,706^r	108,260^r
Noninterest expense	1,142,126	1,105,860	1,162,691	1,024,949	691,542	646,148	631,555	629,061	509,073	476,125
Interest expense	·	·	1,473,413	321,043	124,325	264,815	422,952	302,045	174,107	148,774
Income before income taxes	743,870	438,519	678,332	780,667	640,739	530,066	456,795	329,693	252,738	233,380
Income tax expense	145,887	58,248	179,821	211,816	166,899	139,460	147,002	68,265	90,831	65,234
Net income	597,983	380,271	498,511	568,851	473,840	390,606	309,793	261,428	161,907	168,146
Preferred dividends	28,981	21,369	16,135	13,146	12,688	12,688	12,688	12,688	9,449	7,188
Net income to common shareholders	569,002	358,902	482,376	555,705	461,152	377,918	297,105	248,740	152,458	160,958
Earnings per share, basic	1.02	0.70	0.95	1.14	1.13	0.94	0.88	0.75	0.58	0.63
Earnings per share, diluted	1.01	0.69	0.95	1.14	1.12	0.93	0.87	0.75	0.58	0.63
Weighted average shares, basic	559,637,823	515,755,365	507,532,365	485,434,918	407,445,379	403,754,356	337,792,270	331,258,964	264,038,123	254,841,571
Weighted average shares, diluted	563,832,550	517,991,801	509,245,768	487,817,710	410,018,328	405,046,207	340,117,808	332,693,718	264,889,007	255,268,336

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the change of share basis.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaid

us-gaap:ProvisionForLoanLossesExpensed
us-gaap:ProvisionForLoanAndLeaseLosses
us-gaap:ProvisionForLoanLeaseAndOtherLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton VLY · research, not advice