VLY
Income statement / Annual
Last year (2024), Valley National Bancorp's total revenue was $3.57 B,
an increase of 6.51% from the previous year.
In 2024, Valley National Bancorp's net income was $380.27 M.
See Valley National Bancorp,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$3.57 B |
$3.35 B |
$2.18 B |
$1.49 B |
$1.57 B |
$1.54 B |
$1.29 B |
$945.86 M |
$870.15 M |
$790.83 M |
| Cost of Revenue |
$2.04 B
|
$1.52 B
|
$377.38 M
|
$157.22 M
|
$389.90 M
|
$447.17 M
|
$334.55 M
|
$184.05 M
|
$160.64 M
|
$164.86 M
|
| Gross Profit |
$1.53 B
|
$1.83 B
|
$1.81 B
|
$1.33 B
|
$1.18 B
|
$1.09 B
|
$958.75 M
|
$761.81 M
|
$709.51 M
|
$625.97 M
|
| Gross Profit Ratio |
0.43
|
0.55
|
0.83
|
0.89
|
0.75
|
0.71
|
0.74
|
0.81
|
0.82
|
0.79
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$609.28 M
|
$591.48 M
|
$549.57 M
|
$390.05 M
|
$350.10 M
|
$344.30 M
|
$362.08 M
|
$283.16 M
|
$263.32 M
|
$238.63 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$609.28 M
|
$591.48 M
|
$549.57 M
|
$390.05 M
|
$350.10 M
|
$344.30 M
|
$362.08 M
|
$283.16 M
|
$263.32 M
|
$238.63 M
|
| Other Expenses |
$485.62 M
|
$564.49 M
|
$475.38 M
|
$301.49 M
|
$296.05 M
|
$287.25 M
|
$266.98 M
|
$225.92 M
|
$212.80 M
|
$260.44 M
|
| Operating Expenses |
$1.09 B
|
$1.16 B
|
$1.02 B
|
$691.54 M
|
$646.15 M
|
$631.56 M
|
$629.06 M
|
$509.07 M
|
$476.13 M
|
$499.08 M
|
| Cost And Expenses |
$3.13 B
|
$2.68 B
|
$1.40 B
|
$848.76 M
|
$1.04 B
|
$1.08 B
|
$963.61 M
|
$693.12 M
|
$636.77 M
|
$663.93 M
|
| Interest Income |
$3.36 B
|
$3.14 B
|
$1.98 B
|
$1.33 B
|
$1.38 B
|
$1.32 B
|
$1.16 B
|
$834.15 M
|
$761.89 M
|
$707.02 M
|
| Interest Expense |
$1.73 B
|
$1.47 B
|
$321.04 M
|
$124.33 M
|
$264.82 M
|
$422.95 M
|
$302.05 M
|
$174.11 M
|
$148.77 M
|
$156.75 M
|
| Depreciation & Amortization |
$78.83 M
|
$83.21 M
|
$79.45 M
|
$50.96 M
|
$82.26 M
|
$71.40 M
|
$45.97 M
|
$34.86 M
|
$35.76 M
|
$30.25 M
|
| EBITDA |
$517.35 M |
$761.54 M |
$860.11 M |
$691.70 M |
$612.33 M |
$528.19 M |
$375.66 M |
$287.60 M |
$269.14 M |
$157.15 M |
| EBITDA Ratio |
0.14
|
0.23
|
0.39
|
0.46
|
0.39
|
0.34
|
0.29
|
0.3
|
0.31
|
0.2
|
| Operating Income Ratio |
0.12
|
0.2
|
0.36
|
0.43
|
0.34
|
0.3
|
0.25
|
0.27
|
0.27
|
0.16
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$438.52 M
|
$678.33 M
|
$780.67 M
|
$640.74 M
|
$530.07 M
|
$456.80 M
|
$329.69 M
|
$252.74 M
|
$233.38 M
|
$126.90 M
|
| Income Before Tax Ratio |
0.12
|
0.2
|
0.36
|
0.43
|
0.34
|
0.3
|
0.25
|
0.27
|
0.27
|
0.16
|
| Income Tax Expense |
$58.25 M
|
$179.82 M
|
$211.82 M
|
$166.90 M
|
$139.46 M
|
$147.00 M
|
$68.27 M
|
$90.83 M
|
$65.23 M
|
$23.94 M
|
| Net Income |
$380.27 M
|
$498.51 M
|
$568.85 M
|
$473.84 M
|
$390.61 M
|
$309.79 M
|
$261.43 M
|
$161.91 M
|
$168.15 M
|
$102.96 M
|
| Net Income Ratio |
0.11
|
0.15
|
0.26
|
0.32
|
0.25
|
0.2
|
0.2
|
0.17
|
0.19
|
0.13
|
| EPS |
0.7 |
0.95 |
1.14 |
1.13 |
0.94 |
0.88 |
0.75 |
0.58 |
0.63 |
0.42 |
| EPS Diluted |
0.69 |
0.95 |
1.14 |
1.12 |
0.93 |
0.87 |
0.75 |
0.58 |
0.63 |
0.42 |
| Weighted Average Shares Out |
$515.76 M
|
$507.53 M
|
$485.44 M
|
$407.45 M
|
$403.75 M
|
$337.79 M
|
$331.26 M
|
$264.04 M
|
$254.84 M
|
$234.41 M
|
| Weighted Average Shares Out Diluted |
$517.99 M
|
$509.25 M
|
$487.82 M
|
$410.02 M
|
$405.05 M
|
$340.12 M
|
$332.69 M
|
$264.89 M
|
$255.27 M
|
$234.44 M
|
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