VALLEY NATIONAL BANCORP (VLYPP) 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	1.6B	1.9B	1.5B	1.8B	1.8B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	777.2M	805.7M	609.3M	591.5M	549.6M
General & Admin Expense	777.2M	805.7M	609.3M	591.5M	549.6M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	324.9M	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)	465.3M	743.9M	438.5M	678.3M	780.7M
Non-Operating
Interest Income	1.7B	3.2B	3.4B	3.1B	2.0B
Interest Expense	1.3B	1.5B	1.7B	1.5B	321.0M
Net Interest Income	349.3M	1.8B	1.6B	1.7B	1.7B
Other Non-Op Income/Expense	429.6M	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	894.9M	743.9M	438.5M	678.3M	780.7M
Income Tax Expense	158.4M	145.9M	58.2M	179.8M	211.8M
Bottom Line
Net Income	736.5M	598.0M	380.3M	498.5M	568.9M
Earnings from Cont. Ops	736.5M	598.0M	380.3M	498.5M	568.9M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	714.5M	569.0M	358.9M	482.4M	555.7M
Per Share
Basic EPS	$1.29	$1.02	$0.70	$0.95	$1.14
Diluted EPS	$1.28	$1.01	$0.69	$0.95	$1.14
Revenue Per Share	$5.48	$6.24	$6.92	$6.61	$4.50
Shares
Basic Shares Outstanding	552.4M	559.6M	515.8M	507.5M	485.4M
Diluted Shares Outstanding	556.3M	563.8M	518.0M	509.2M	487.8M
Profitability Metrics
EBITDA	513.3M	812.6M	517.4M	761.5M	860.1M
D&A	48.0M	68.7M	78.8M	83.2M	79.4M
EBIT	465.3M	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 Sep 1, 2026