Valley National Bancorp income statement
In fiscal 2025, Valley National Bancorp reported revenue of $2.03bn, up 9.3% on the year before and net income of $598m, or $1.01 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 522 | 554 | 587 | 611 | 576 | 552 | 634 | 721 | 772 | 991 | 1,113 | 1,302 | 1,365 | 1,862 | 1,891 | 1,853 | 2,026 | 2,153 |
| Interest expense | 263 | 214 | 199 | 181 | 168 | 162 | 157 | 149 | 174 | 302 | 423 | 265 | 124 | 321 | 1,473 | — | — | — |
| Net interest income | 449 | 463 | 475 | 490 | 448 | 475 | 550 | 613 | 660 | 857 | 898 | 1,119 | 1,210 | 1,656 | 1,665 | 1,629 | 1,764 | 1,870 |
| Non-interest income | 72 | 91 | 112 | 121 | 129 | 78 | 84 | 108 | 112 | 134 | 215 | 183 | 155 | 207 | 226 | 225 | 262 | 284 |
| Non-interest expense | 306 | 320 | 339 | 375 | 381 | 403 | 499 | 476 | 509 | 629 | 632 | 646 | 692 | 1,025 | 1,163 | 1,106 | 1,142 | 1,202 |
| Provision for credit losses | 48 | 49 | 53 | 26 | 16 | 2 | 8 | 12 | 10 | 33 | 24 | 124 | 28 | 48 | 51 | 314 | 141 | 88 |
| Income before tax | 168 | 185 | 195 | 210 | 179 | 147 | 127 | 233 | 253 | 330 | 457 | 530 | 641 | 781 | 678 | 439 | 744 | 861 |
| Income tax | 51 | 55 | 63 | 67 | 47 | 31 | 24 | 65 | 91 | 68 | 147 | 139 | 167 | 212 | 180 | 58 | 146 | 168 |
| Net income | 116 | 130 | 133 | 144 | 132 | 116 | 103 | 168 | 162 | 261 | 310 | 391 | 474 | 569 | 499 | 380 | 598 | 694 |
| Diluted EPS | $0.61 | $0.73 | $0.74 | $0.73 | $0.66 | $0.56 | $0.42 | $0.63 | $0.58 | $0.75 | $0.87 | $0.93 | $1.12 | $1.14 | $0.95 | $0.69 | $1.01 | $1.24 |
| Diluted shares (average) | 159m | 178m | 178m | 197m | 199m | 206m | 234m | 255m | 265m | 333m | 340m | 405m | 410m | 488m | 509m | 518m | 564m | 561m |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 471 | 474 | 478 | 495 | 511 | 541 | 540 | 561 |
| Net interest income | 410 | 423 | 420 | 432 | 446 | 465 | 472 | 487 |
| Non-interest income | 61 | 51 | 58 | 63 | 65 | 76 | 69 | 74 |
| Non-interest expense | 269 | 279 | 277 | 284 | 282 | 299 | 310 | 311 |
| Provision for credit losses | 72 | 109 | 61 | 39 | 20 | 21 | 19 | 28 |
| Income before tax | 127 | 89 | 139 | 173 | 210 | 222 | 209 | 220 |
| Income tax | 29 | −27 | 33 | 40 | 47 | 26 | 45 | 50 |
| Net income | 98 | 116 | 106 | 133 | 163 | 195 | 164 | 171 |
| Diluted EPS | $0.18 | $0.20 | $0.18 | $0.22 | $0.28 | $0.33 | $0.28 | $0.29 |
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