Below are the financial statements of Valley National Bancorp, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 |
---|---|---|
Assets | — | — |
Cash and due from banks | 411.41a | 284.09a |
Interest bearing deposits with banks | 1,478.71a | 607.14a |
Investment securities | — | — |
Equity securities | 71.51a | 64.46a |
Trading debt securities | 0a | 3.97a |
Available for sale debt securities | 3,369.72a | 1,296.58a |
Held to maturity debt securities | 3,531.57a | 3,739.21a |
Total investment securities | 6,972.81a | 5,104.22a |
Loans held for sale | 25.68a | 30.64a |
Loans | 48,799.71a | 50,210.3a |
Less: Allowance for loan losses | -558.85a | -446.08a |
Net loans | 48,240.86a | 49,764.22a |
Premises and equipment, net | 350.8a | 381.08a |
Lease right-of-use assets | 328.48a | 343.46a |
Bank owned life insurance | 731.57a | 723.8a |
Accrued interest receivable | 239.94a | 245.5a |
Goodwill | 1,868.94a | 1,868.94a |
Other intangible assets, net | 128.66a | 160.33a |
Other assets | 1,713.83a | 1,421.57a |
Total assets | 62,491.69a | 60,934.97a |
Deposits | — | — |
Non-interest bearing | 11,428.67a | 11,539.48a |
Interest bearing | — | — |
Savings, NOW and money market | 26,304.64a | 24,526.62a |
Time | 12,342.54a | 13,176.72a |
Total deposits | 50,075.86a | 49,242.83a |
Liabilities | — | — |
Short-term borrowings | 72.72a | 917.83a |
Long-term borrowings | 3,174.16a | 2,328.38a |
Junior subordinated debentures issued to capital trusts | 57.46a | 57.11a |
Lease liabilities | 388.3a | 403.78a |
Accrued expenses and other liabilities | 1,288.08a | 1,283.66a |
Total liabilities | 55,056.56a | 54,233.58a |
Preferred stock | — | — |
Series A | 111.59a | 111.59a |
Series B | 98.1a | 98.1a |
Series C | 144.65a | 0a |
Shareholders' equity | — | — |
Common stock | 196a | 178.19a |
Surplus | 5,442.07a | 4,989.99a |
Retained earnings | 1,598.05a | 1,471.37a |
Accumulated other comprehensive loss | -155.33a | -146.46a |
Treasury stock, at cost | 0a | -1.39a |
Total shareholders' equity | 7,435.13a | 6,701.39a |
Total liabilities and shareholders' equity | 62,491.69a | 60,934.97a |
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