Valley National Bancorp (VLY) 10-Year Financial Performance & Capital Metrics

VLY • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks

AboutValley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. It operates through Commercial Lending, Consumer Lending, and Investment Management segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts, commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; and secured and unsecured other consumer loans. It also invests in various securities and interest-bearing deposits with other banks; and provides international banking services, such as standby and documentary letters of credit, and related products, as well as foreign exchange transactions, documentary collections, foreign wire transfers services, and transaction accounts for non-resident aliens. In addition, the company offers investment services for individuals and small to medium sized businesses; and trusts and custom -tailored investment strategies for various retirement plans. Further, it provides trust services, such as living and testamentary trusts, investment management, custodial and escrow services, and estate administration to individuals; tax credit advisory services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as owns real estate related investments. Additionally, the company offers online, mobile, and telephone banking services; and overdraft, drive-in and night deposit, automated teller machine, remote deposit capture, and safe deposit facility services. As of December 31,2021, it operated 232 branch offices in New Jersey, New York, Florida, and Alabama. The company was incorporated in 1927 and is headquartered in New York, New York.Show more

Net Interest Income $1.63B -2.2%
Total Revenue $3.57B +6.5%
Net Income $380M -23.7%
Return on Equity 5.38% -29.3%
Net Interest Margin 2.61% -4.6%
Efficiency Ratio 30.66% -11.1%
ROA 0.62% -26.8%
Equity / Assets 11.9% +8.2%
Book Value per Share 14.35 +9.1%
Tangible BV/Share 10.50 +14.4%
Debt/Equity 0.50 -10.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 30.7% efficiency ratio
✓Well capitalized: 11.9% equity/assets
✓Healthy dividend yield of 3.8%
✓Trading at only 0.8x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y17.46%

5Y18.39%

3Y33.85%

TTM-

Profit (Net Income) CAGR

10Y12.59%

5Y4.18%

3Y-7.07%

TTM49.47%

EPS CAGR

10Y2.11%

5Y-4.53%

3Y-14.91%

TTM41.94%

ROCE

10Y Avg6.92%

5Y Avg7.82%

3Y Avg7.29%

Latest4.02%

Peer Comparison

Northeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DCOMDime Community Bancshares, Inc.	1.32B	30.11	54.75	0.1%	4.5%	4.02%	7.02%	0.70
EBCEastern Bankshares, Inc.	4.28B	19.04	28.85	91.64%	11.17%	1.3%	6.31%	0.01
LYGLloyds Banking Group plc	80.35B	5.47	21.88	10.79%	11.75%	9.93%		1.76
CFGCitizens Financial Group, Inc.	25.74B	59.93	19.78	1.31%	12.22%	6.6%	7.3%	0.51
PFSProvident Financial Services, Inc.	2.59B	19.85	18.90	63.91%	10.13%	7.51%	16.39%	0.93
CBUCommunity Bank System, Inc.	3.23B	61.29	17.82	24.44%	19.4%	10.34%	6.86%	0.57
VLYValley National Bancorp	6.54B	11.73	17	6.51%	10.65%	6.53%	8.39%	0.50
INDBIndependent Bank Corp.	3.71B	74.81	16.55	6.89%	19.72%	7.76%	5.65%	0.23

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	550.27M	613.11M	660.05M	857.2M	898.05M	1.12B	1.21B	1.66B	1.67B	1.63B
NII Growth %	0.16%	0.11%	0.08%	0.3%	0.05%	0.25%	0.08%	0.37%	0.01%	-0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	707.02M	761.89M	834.15M	1.16B	1.32B	1.38B	1.33B	1.98B	3.14B	3.36B
Interest Expense	156.75M	148.77M	174.11M	302.05M	422.95M	264.81M	124.33M	321.04M	1.47B	1.73B
Loan Loss Provision	8.1M	11.87M	9.94M	32.5M	24.22M	125.09M	32.9M	56.34M	45.63M	309.39M
Non-Interest Income+	83.8M	108.26M	111.71M	134.05M	214.52M	182.4M	155.28M	206.31M	214.45M	214.1M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	790.83M	870.15M	945.86M	1.29B	1.54B	1.57B	1.49B	2.18B	3.35B	3.57B
Revenue Growth %	0.11%	0.1%	0.09%	0.37%	0.19%	0.02%	-0.05%	0.47%	0.54%	0.07%
Non-Interest Expense	499.07M	476.13M	509.07M	629.06M	631.55M	646.15M	691.54M	1.02B	1.16B	1.09B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	126.89M	233.38M	252.74M	329.69M	456.8M	530.07M	640.74M	780.67M	678.33M	438.52M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.14%	0.84%	0.08%	0.3%	0.39%	0.16%	0.21%	0.22%	-0.13%	-0.35%
Pretax Income+	126.89M	233.38M	252.74M	329.69M	456.8M	530.07M	640.74M	780.67M	678.33M	438.52M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	23.94M	65.23M	90.83M	68.27M	147M	139.46M	166.9M	211.82M	179.82M	58.25M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	102.96M	168.15M	161.91M	261.43M	309.79M	390.61M	473.84M	568.85M	498.51M	380.27M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.11%	0.63%	-0.04%	0.61%	0.19%	0.26%	0.21%	0.2%	-0.12%	-0.24%
Net Income (Continuing)	102.96M	168.15M	161.91M	261.43M	309.79M	390.61M	473.84M	568.85M	498.51M	380.27M
EPS (Diluted)+	0.42	0.63	0.58	0.75	0.87	0.93	1.12	1.14	0.95	0.69
EPS Growth %	-0.25%	0.5%	-0.08%	0.29%	0.16%	0.07%	0.2%	0.02%	-0.17%	-0.27%
EPS (Basic)	0.42	0.63	0.58	0.75	0.88	0.94	1.13	1.14	0.95	0.70
Diluted Shares Outstanding	234.44M	255.27M	264.89M	332.69M	340.12M	405.05M	410.02M	487.82M	509.25M	517.99M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	413.8M	392.5M	416.11M	428.63M	434.69M	1.33B	2.05B	947.95M	891.23M	1.89B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	19.06B	20.4B	21.56B	28.74B	33.56B	35.72B	37.77B	51.61B	54.9B	55.24B
Investments Growth %	0.19%	0.07%	0.06%	0.33%	0.17%	0.06%	0.06%	0.37%	0.06%	0.01%
Long-Term Investments	17.55B	19.1B	20.07B	26.99B	31.99B	34.38B	36.64B	50.35B	53.6B	55.01B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	686.34M	690.64M	690.64M	1.08B	1.37B	1.38B	1.46B	1.87B	1.87B	1.87B
Intangible Assets	48.88M	45.48M	42.51M	76.99M	86.77M	70.45M	70.39M	197.46M	160.33M	128.66M
PP&E (Net)	298.94M	291.18M	287.7M	341.63M	619.66M	571.85M	585.42M	664.91M	724.54M	679.27M
Other Assets	1.04B	975.48M	928.92M	1.1B	1.26B	1.51B	1.42B	1.97B	2.15B	2.45B
Total Current Assets	1.98B	1.76B	1.98B	2.27B	2.11B	2.77B	3.28B	2.41B	2.44B	2.36B
Total Non-Current Assets	19.63B	21.11B	22.02B	29.59B	35.33B	37.91B	40.17B	55.06B	58.5B	60.13B
Total Assets+	21.61B	22.86B	24B	31.86B	37.44B	40.69B	43.45B	57.46B	60.93B	62.49B
Asset Growth %	0.15%	0.06%	0.05%	0.33%	0.17%	0.09%	0.07%	0.32%	0.06%	0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	2.93B	2.56B	3.11B	3.83B	3.58B	3.78B	2.42B	2.1B	3.71B	3.69B
Net Debt	2.52B	2.16B	2.69B	3.4B	3.15B	2.45B	369M	1.15B	2.82B	1.8B
Long-Term Debt	1.54B	1.31B	2.26B	1.66B	1.83B	2.05B	1.48B	1.6B	2.39B	3.23B
Short-Term Debt	1.38B	1.25B	848.63M	2.17B	1.44B	1.45B	655.73M	138.73M	917.83M	72.72M
Other Liabilities	0	0	0	0	0	0	0	0	0	1.29B
Total Current Liabilities	17.86B	19.18B	19.21B	26.85B	30.91B	33.77B	36.6B	49.1B	51.44B	50.15B
Total Non-Current Liabilities	1.54B	1.31B	2.26B	1.66B	2.14B	2.33B	1.76B	1.96B	2.79B	4.91B
Total Liabilities	19.41B	20.49B	21.47B	28.51B	33.05B	36.09B	38.36B	51.06B	54.23B	55.06B
Total Equity+	2.21B	2.38B	2.53B	3.35B	4.38B	4.59B	5.08B	6.4B	6.7B	7.44B
Equity Growth %	0.18%	0.08%	0.07%	0.32%	0.31%	0.05%	0.11%	0.26%	0.05%	0.11%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.05%	0.07%	0.07%	0.09%	0.08%	0.09%	0.1%	0.1%	0.08%	0.05%
Book Value per Share	9.41	9.31	9.56	10.07	12.89	11.34	12.40	13.12	13.16	14.35
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	88.63M	92.35M	92.73M	116.24M	141.42M	141.75M	148.48M	178.19M	178.19M	196M
Additional Paid-in Capital	1.93B	2.04B	2.06B	2.8B	3.62B	3.64B	3.88B	4.98B	4.99B	5.44B
Retained Earnings	125.17M	172.75M	216.73M	299.64M	443.56M	611.16M	883.64M	1.22B	1.47B	1.6B
Accumulated OCI	-45.7M	-42.09M	-46.01M	-69.43M	-32.21M	-7.72M	-17.93M	-164M	-146.46M	-155.33M
Treasury Stock	0	-1.85M	-337K	-2.19M	-479K	-225K	-22.86M	-21.75M	-1.39M	0
Preferred Stock	111.59M	111.59M	209.69M	209.69M	209.69M	209.69M	209.69M	209.69M	209.69M	354.35M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	154.93M	419.18M	619.23M	303.96M	261.92M	163.56M	837.14M	1.43B	378.19M	548.54M
Operating CF Growth %	-0.16%	1.71%	0.48%	-0.51%	-0.14%	-0.38%	4.12%	0.71%	-0.74%	0.45%
Net Income	102.96M	168.15M	161.91M	261.43M	309.79M	390.61M	473.84M	568.85M	498.51M	380.27M
Depreciation & Amortization	30.25M	35.76M	34.86M	45.97M	71.4M	82.26M	50.96M	79.44M	83.2M	78.83M
Deferred Taxes	16.45M	27.15M	76.85M	-11.78M	15.23M	-5.06M	26.83M	7.49M	-9.36M	-6.14M
Other Non-Cash Items	31.14M	158.74M	405.15M	47.45M	-36.98M	-56.2M	220.27M	182.57M	35.66M	316.6M
Working Capital Changes	-33.44M	19.35M	-71.74M	-58.58M	-112.24M	-264.2M	44.36M	561.34M	-262.93M	-250.01M
Cash from Investing+	-1.7B	-1.53B	-1.55B	-2.84B	-897.32M	-2.04B	-1.08B	-6.79B	-3.35B	-709.28M
Purchase of Investments	-833.93M	-1.35B	-632.14M	-554.27M	-747.05M	-1.02B	-1.7B	-904.4M	-429.1M	-2.5B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	201.03M	0	0	156.61M	22.24M	0	321.62M	321.54M	0	98.06M
Other Investing	-1.76B	-1.38B	-1.41B	-2.98B	-1.21B	-2.45B	-1.06B	-6.92B	-3.4B	1.09B
Cash from Financing+	1.13B	1.09B	951.93M	2.55B	641.45M	2.77B	964.35M	4.26B	2.91B	1.16B
Dividends Paid	-106.09M	-119M	-122.16M	-154.72M	-159.22M	-190.65M	-192.35M	-219.15M	-239.75M	-249.6M
Share Repurchases	-2.11M	-3.19M	-2.65M	-3.8M	-1.8M	-5.37M	-23.91M	-24.12M	-11.47M	-8.87M
Stock Issued	7.9M	112.08M	8.21M	2.7M	2.96M	2.2M	11.24M	120K	4.01M	451.16M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K
Other Financing	1.05B	1.48B	422.75M	2.73B	1.81B	2.75B	2.53B	4.97B	1.61B	830.61M
Net Change in Cash+	-416.61M	-21.3M	23.61M	12.52M	6.06M	894.52M	720.72M	-1.1B	-56.72M	998.9M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	830.41M	413.8M	392.5M	416.11M	428.63M	434.69M	1.33B	2.05B	947.95M	891.23M
Cash at End	413.8M	392.5M	416.11M	428.63M	434.69M	1.33B	2.05B	947.95M	891.23M	1.89B
Interest Paid	159.17M	151.21M	170.61M	290.44M	415.65M	279.04M	138.36M	281.14M	1.36B	1.74B
Income Taxes Paid	50.03M	26.56M	29.01M	53.59M	106.34M	148.38M	163.37M	172.1M	236.5M	89.7M
Free Cash Flow+	154.93M	419.18M	619.23M	303.96M	261.92M	163.56M	837.14M	1.43B	378.19M	548.54M
FCF Growth %	-0.16%	1.71%	0.48%	-0.51%	-0.14%	-0.38%	4.12%	0.71%	-0.74%	0.45%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.06%	7.34%	6.59%	8.89%	8.01%	8.7%	9.79%	9.91%	7.61%	5.38%
Return on Assets (ROA)	0.51%	0.76%	0.69%	0.94%	0.89%	1%	1.13%	1.13%	0.84%	0.62%
Net Interest Margin	2.55%	2.68%	2.75%	2.69%	2.4%	2.75%	2.78%	2.88%	2.73%	2.61%
Efficiency Ratio	63.11%	54.72%	53.82%	48.64%	41.13%	41.26%	46.43%	46.95%	34.47%	30.66%
Equity / Assets	10.21%	10.4%	10.55%	10.52%	11.71%	11.29%	11.7%	11.14%	11%	11.9%
Book Value / Share	9.41	9.31	9.56	10.07	12.89	11.34	12.4	13.12	13.16	14.35
NII Growth	15.91%	11.42%	7.65%	29.87%	4.76%	24.59%	8.13%	36.84%	0.59%	-2.21%
Dividend Payout	99.34%	66.5%	71.57%	53.11%	47.3%	45.56%	37.92%	36.21%	45.22%	60.02%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Investment Advisory, Management and Administrative Service	12.63M	-	-	-	-	-	62.62M
Investment Advisory, Management and Administrative Service Growth	-	-	-	-	-	-	-
Deposit Account	26.82M	-	-	-	-	-	48.28M
Deposit Account Growth	-	-	-	-	-	-	-
Non Interest Income	-	194M	169M	144M	194M	2.08B	-
Non Interest Income Growth	-	-	-12.89%	-14.79%	34.72%	970.62%	-
Net Interest Income	-	898M	1.12B	1.21B	1.66B	1.67B	-
Net Interest Income Growth	-	-	24.50%	8.14%	36.89%	0.60%	-

Frequently Asked Questions

Valuation & Price

Valley National Bancorp (VLY) has a price-to-earnings (P/E) ratio of 17.0x. This is roughly in line with market averages.

Growth & Financials

Valley National Bancorp (VLY) grew revenue by 6.5% over the past year. This is steady growth.

Yes, Valley National Bancorp (VLY) is profitable, generating $502.4M in net income for fiscal year 2024 (10.6% net margin).

Dividend & Returns

Yes, Valley National Bancorp (VLY) pays a dividend with a yield of 3.76%. This makes it attractive for income-focused investors.

Valley National Bancorp (VLY) has a return on equity (ROE) of 5.4%. This is below average, suggesting room for improvement.

Industry Metrics

Valley National Bancorp (VLY) has a net interest margin (NIM) of 2.6%. NIM has been under pressure due to interest rate environment.

Valley National Bancorp (VLY) has an efficiency ratio of 30.7%. This is excellent, indicating strong cost control.

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