Valley National Bancorp (VLYPN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	3.0B	3.5B	3.6B	3.4B	2.2B
Cost of Revenue	1.5B	1.6B	2.0B	1.5B	377.4M
Gross Profit	1.5B	1.9B	1.5B	1.8B	1.8B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	724.3M	805.7M	609.3M	591.5M	549.6M
General & Admin Expense	724.3M	805.7M	609.3M	591.5M	549.6M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	350.0M	334.6M	485.6M	564.5M	475.4M
Total Operating Expenses	1.1B	1.1B	1.1B	1.2B	1.0B
Cost and Expenses	2.6B	2.7B	3.1B	2.7B	1.4B
Operating Income (EBIT)	431.7M	743.9M	438.5M	678.3M	780.7M
Non-Operating
Interest Income	1.6B	3.2B	3.4B	3.1B	2.0B
Interest Expense	1.4B	1.5B	1.7B	1.5B	321.0M
Net Interest Income	290.1M	1.8B	1.6B	1.7B	1.7B
Other Non-Op Income/Expense	429.6M	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	861.3M	743.9M	438.5M	678.3M	780.7M
Income Tax Expense	167.7M	145.9M	58.2M	179.8M	211.8M
Bottom Line
Net Income	693.6M	598.0M	380.3M	498.5M	568.9M
Earnings from Cont. Ops	693.6M	598.0M	380.3M	498.5M	568.9M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	671.3M	569.0M	358.9M	482.4M	555.7M
Per Share
Basic EPS	$1.21	$1.02	$0.70	$0.95	$1.14
Diluted EPS	$1.20	$1.01	$0.69	$0.95	$1.14
Revenue Per Share	$5.37	$6.24	$6.92	$6.61	$4.50
Shares
Basic Shares Outstanding	554.8M	559.6M	515.8M	507.5M	485.4M
Diluted Shares Outstanding	558.0M	563.8M	518.0M	509.2M	487.8M
Profitability Metrics
EBITDA	465.0M	812.6M	517.4M	761.5M	860.1M
D&A	33.4M	68.7M	78.8M	83.2M	79.4M
EBIT	431.7M	743.9M	438.5M	678.3M	780.7M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026