Valley National Bancorp (VLY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Net Interest Income | 471.52M | 464.91M | 446.22M | 432.41M | 420.11M | 422.98M | 410.5M | 401.69M | 393.55M | 397.27M | 412.42M | 419.76M | 436.02M | 465.82M | 453.99M | 418.16M | 317.67M | 315.3M | 301.03M | 300.91M |
| NII Growth % | 12.24% | 9.91% | 8.7% | 7.65% | 6.75% | 6.47% | -0.47% | -4.31% | -9.74% | -14.71% | -9.16% | 0.38% | 37.26% | 47.74% | 50.81% | 38.97% | 8.54% | 9.51% | 6.34% | 6.49% |
| Net Interest Margin % | 0.73% | 0.72% | 0.71% | 0.69% | 0.68% | 0.68% | 0.66% | 0.65% | 0.65% | 0.65% | 0.67% | 0.68% | 0.68% | 0.81% | 0.81% | 0.77% | 0.73% | 0.73% | 0.73% | 0.73% |
| Interest Income | 802.72M | 815.8M | 826.92M | 805.01M | 784.75M | 834.83M | 860.55M | 833.47M | 828.66M | 818.18M | 813.02M | 787.46M | 720.23M | 646.55M | 536.73M | 452.95M | 340.46M | 339.98M | 328.8M | 333.65M |
| Interest Expense | 331.2M | 350.89M | 380.7M | 372.6M | 364.65M | 411.85M | 450.05M | 431.78M | 435.11M | 420.91M | 400.6M | 367.69M | 284.21M | 180.73M | 82.74M | 34.79M | 22.79M | 24.68M | 27.77M | 32.74M |
| Loan Loss Provision | 21.26M | 20.14M | 19.17M | 37.8M | 62.67M | 106.97M | 75.04M | 82.11M | 45.27M | 20.7M | 9.15M | 6.33M | 9.45M | 7.29M | 1.83M | 43.71M | 3.5M | 11.61M | 3.5M | 8.78M |
| Non-Interest Income | 68.84M | 76.34M | 64.89M | 62.6M | 58.31M | 51.63M | 53.35M | 51.25M | 57.86M | 52.81M | 51.97M | 60.36M | 49.31M | 52.85M | 56.01M | 58.25M | 39.21M | 38.13M | 42.4M | 43.16M |
| Non-Interest Income % | 7.9% | 8.56% | 7.28% | 7.22% | 6.92% | 5.82% | 5.84% | 5.79% | 6.53% | 6.06% | 6.01% | 7.12% | 6.41% | 7.56% | 9.45% | 11.39% | 10.33% | 10.09% | 11.42% | 11.45% |
| Total Revenue | 871.56M | 892.14M | 891.81M | 867.61M | 843.06M | 886.46M | 913.9M | 884.72M | 886.52M | 870.99M | 864.99M | 847.82M | 769.54M | 699.4M | 592.73M | 511.19M | 379.67M | 378.11M | 371.2M | 376.8M |
| Revenue Growth % | 3.38% | 0.64% | -2.42% | -1.93% | -4.9% | 1.78% | 5.65% | 4.35% | 15.2% | 24.53% | 45.93% | 65.85% | 102.69% | 84.97% | 59.68% | 35.67% | 4.48% | -0.93% | -4.02% | -4.2% |
| Non-Interest Expense | 309.93M | 299.4M | 281.99M | 284.12M | 276.62M | 278.58M | 262.14M | 277.5M | 276.68M | 340.42M | 260.41M | 282.97M | 272.17M | 266.24M | 261.64M | 299.73M | 197.34M | 184.51M | 174.92M | 171.89M |
| Efficiency Ratio | 35.56% | 33.56% | 31.62% | 32.75% | 32.81% | 31.43% | 28.68% | 31.37% | 31.21% | 39.08% | 30.11% | 33.38% | 35.37% | 38.07% | 44.14% | 58.63% | 51.98% | 48.8% | 47.12% | 45.62% |
| Operating Income | 209.18M | 221.7M | 209.96M | 173.09M | 139.12M | 89.06M | 126.67M | 93.33M | 129.45M | 88.97M | 194.83M | 190.82M | 203.72M | 245.14M | 246.52M | 132.97M | 156.04M | 157.31M | 165M | 163.39M |
| Operating Margin % | 24% | 24.85% | 23.54% | 19.95% | 16.5% | 10.05% | 13.86% | 10.55% | 14.6% | 10.21% | 22.52% | 22.51% | 26.47% | 35.05% | 41.59% | 26.01% | 41.1% | 41.6% | 44.45% | 43.36% |
| Operating Income Growth % | 50.36% | 148.94% | 65.74% | 85.46% | 7.47% | 0.11% | -34.98% | -51.09% | -36.45% | -63.71% | -20.97% | 43.51% | 30.55% | 55.83% | 49.4% | -18.62% | 0.65% | 9.75% | 16.8% | 26.6% |
| Pretax Income | 209.18M | 221.7M | 209.96M | 173.09M | 139.12M | 89.06M | 126.67M | 93.33M | 129.45M | 88.97M | 194.83M | 190.82M | 203.72M | 245.14M | 246.52M | 132.97M | 156.04M | 157.31M | 165M | 163.39M |
| Pretax Margin % | 24% | 24.85% | 23.54% | 19.95% | 16.5% | 10.05% | 13.86% | 10.55% | 14.6% | 10.21% | 22.52% | 22.51% | 26.47% | 35.05% | 41.59% | 26.01% | 41.1% | 41.6% | 44.45% | 43.36% |
| Income Tax | 45.27M | 26.3M | 46.6M | 39.92M | 33.06M | -26.65M | 28.82M | 22.91M | 33.17M | 17.41M | 53.49M | 51.76M | 57.16M | 67.55M | 68.41M | 36.55M | 39.31M | 42.27M | 42.42M | 42.88M |
| Effective Tax Rate % | 21.64% | 11.86% | 22.2% | 23.07% | 23.77% | -29.92% | 22.75% | 24.54% | 25.63% | 19.57% | 27.45% | 27.12% | 28.06% | 27.55% | 27.75% | 27.49% | 25.19% | 26.87% | 25.71% | 26.24% |
| Net Income | 163.91M | 195.4M | 163.35M | 133.17M | 106.06M | 115.71M | 97.86M | 70.42M | 96.28M | 71.55M | 141.35M | 139.06M | 146.55M | 177.59M | 178.12M | 96.41M | 116.73M | 115.04M | 122.58M | 120.51M |
| Net Margin % | 18.81% | 21.9% | 18.32% | 15.35% | 12.58% | 13.05% | 10.71% | 7.96% | 10.86% | 8.22% | 16.34% | 16.4% | 19.04% | 25.39% | 30.05% | 18.86% | 30.74% | 30.42% | 33.02% | 31.98% |
| Net Income Growth % | 54.55% | 68.87% | 66.93% | 89.09% | 10.16% | 61.71% | -30.77% | -49.36% | -34.3% | -59.71% | -20.65% | 44.23% | 25.55% | 54.38% | 45.31% | -20% | 0.88% | 9.18% | 19.74% | 26.06% |
| Net Income (Continuing) | 163.91M | 195.4M | 163.35M | 133.17M | 106.06M | 115.71M | 97.86M | 70.42M | 96.28M | 71.55M | 141.35M | 139.06M | 146.55M | 177.59M | 178.12M | 96.41M | 116.73M | 115.04M | 122.58M | 120.51M |
| EPS (Diluted) | 0.28 | 0.33 | 0.28 | 0.22 | 0.18 | 0.20 | 0.18 | 0.13 | 0.18 | 0.13 | 0.27 | 0.27 | 0.28 | 0.34 | 0.34 | 0.18 | 0.27 | 0.27 | 0.29 | 0.29 |
| EPS Growth % | 55.56% | 65% | 55.56% | 69.23% | 0% | 53.85% | -33.33% | -51.85% | -35.71% | -61.76% | -20.59% | 50% | 3.7% | 25.93% | 17.24% | -37.93% | -3.57% | 8% | 16% | 26.09% |
| EPS (Basic) | 0.28 | 0.34 | 0.28 | 0.23 | 0.18 | 0.20 | 0.18 | 0.13 | 0.18 | 0.13 | 0.27 | 0.27 | 0.28 | 0.34 | 0.35 | 0.18 | 0.27 | 0.27 | 0.29 | 0.29 |
| Diluted Shares Outstanding | 559.25M | 562.21M | 563.91M | 563.43M | 563.31M | 540.09M | 511.34M | 510.34M | 510.63M | 509.71M | 509.26M | 508.64M | 509.66M | 509.3M | 508.69M | 508.48M | 423.51M | 414.47M | 409.24M | 408.66M |