Valley National Bancorp

Country

United States

Sector

Financial Services

Industry

Banks - Regional

Employees

3,732

Ticker

VLY

Exchange

NASDAQ/NGS

Website

www.valley.com

Description

Valley National Bancorp is a regional banking and financial services company based in the United States. Its primary function is to provide a range of financial solutions including personal banking, b... Show more

Financial Statements of Valley National Bancorp

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.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Interest income	—	—	—
Interest and fees on loans	3,079.86^a	2,886.93^a	1,828.48^a
Interest and dividends on investment securities	—	—	—
Taxable	181.94^a	130.71^a	105.72^a
Tax-exempt	19.25^a	20.31^a	17.96^a
Dividends	24.96^a	24.14^a	11.47^a
Interest on federal funds sold and other short-term investments	51.48^a	76.81^a	13.06^a
Total interest income	3,357.5^a	3,138.89^a	1,976.68^a
Interest on deposits	—	—	—
Savings, NOW and money market	-913.96^a	-739.03^a	-186.71^a
Time	-644.96^a	-535.75^a	-69.69^a
Interest expense	—	—	—
Interest on short-term borrowings	-22.05^a	-94.87^a	-17.45^a
Interest on long-term borrowings and junior subordinated debentures	-147.82^a	-103.77^a	-47.19^a
Total interest expense	-1,728.79^a	-1,473.41^a	-321.04^a
Net interest income	1,628.71^a	1,665.48^a	1,655.64^a
(Credit) provision for credit losses for available for sale and held to maturity securities	-0.56^a	-4.56^a	-0.48^a
Provision for credit losses for loans	-309.39^a	-45.63^a	-56.34^a
Net interest income after provision for credit losses	1,319.88^a	1,615.29^a	1,598.82^a
Non-interest income	—	—	—
Wealth management and trust fees	62.62^a	44.16^a	34.71^a
Insurance commissions	12.79^a	11.12^a	11.98^a
Capital markets	27.22^a	41.49^a	52.36^a
Service charges on deposit accounts	48.28^a	41.31^a	36.93^a
Gains (losses) on securities transactions, net	0.1^a	1.1^a	-1.23^a
Fees from loan servicing	12.39^a	10.67^a	11.27^a
(Losses) gains on sales of loans, net	-5.84^a	6.05^a	6.42^a
Gains on sales of assets, net	3.73^a	6.81^a	0.9^a
Bank owned life insurance	16.94^a	11.84^a	8.04^a
Other	46.27^a	51.18^a	45.42^a
Total non-interest income	224.5^a	225.73^a	206.79^a
Non-interest expense	—	—	—
Salary and employee benefits expense	-558.6^a	-563.59^a	-526.74^a
Net occupancy expense	-102.12^a	-101.47^a	-94.35^a
Technology, furniture and equipment expense	-135.11^a	-150.71^a	-161.75^a
FDIC insurance assessment	-61.48^a	-88.15^a	-22.84^a
Amortization of other intangible assets	-35.05^a	-39.77^a	-37.83^a
Professional and legal fees	-70.32^a	-80.57^a	-82.62^a
Amortization of tax credit investments	-18.95^a	-18.01^a	-12.41^a
Other	-124.25^a	-120.42^a	-86.42^a
Total non-interest expense	-1,105.86^a	-1,162.69^a	-1,024.95^a
Income before income taxes	438.52^a	678.33^a	780.67^a
Income tax expense	-58.25^a	-179.82^a	-211.82^a
Net income	380.27^a	498.51^a	568.85^a
Dividends on preferred stock	21.37^a	16.14^a	13.15^a
Net income available to common shareholders	358.9^a	482.38^a	555.71^a

Verified Sources Behind Valley National Bancorp’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Valley National Bancorp’s data sources below and access millions more through our Disclosure Search.

a. Valley National Bancorp's Annual Report 2024

Trace every data point back to Valley National Bancorp’s disclosures

Sign up for Tracenable and access millions of corporate disclosures, including annual reports and sustainability filings from global companies, completely free of charge.

Real-Time & Standardized Financials

Access Standardized Financial Statements within Minutes of Disclosure

At Tracenable, we're exploring the launch of real-time standardized financial datafeeds and APIs covering global equities. Unlike limited and inconsistent XBRL parsing, our approach aims to deliver clean, comparable, and fully traceable data seconds after publication.

Could this solution support your investment or analytical workflows?

Explore Peer Companies

Welcome Back to Tracenable

Sign in to your account

Valley National Bancorp

Financial Statements of Valley National Bancorp

Verified Sources Behind Valley National Bancorp’s Financial Fundamentals Data

Access Standardized Financial Statements within Minutes of Disclosure

Explore Peer Companies

Old National Bancorp

Eastern Bankshares Inc

Associated Banc-Corp

Cathay General Bancorp

Flagstar Financial Inc

Texas Capital Bancshares Inc