VALLEY NATIONAL BANCORP (VLY)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Total Revenue541,248,000$511,111,000$495,012,000$478,399,000$474,179,000$471,169,000$452,898,000$454,963,000$449,966,000$471,082,000$479,840,000$490,319,000$518,615,000$510,186,000$476,693,000$356,939,000$353,524,000$343,457,000$344,033,000$323,900,000$335,453,000$332,358,000$327,389,000$306,736,000$276,635,000$261,775,000$247,837,000$326,321,000$256,747,000$245,838,000$248,821,000$239,849,000$199,573,000$190,942,000$193,650,000$187,588,000$202,090,000$178,999,000$175,719,000$169,601,000$172,084,000$154,879,000$156,377,000$150,731,000$158,209,000$129,449,000$129,953,000$134,762,000$
QoQ%5.90%3.25%3.47%.89%.64%4.03%(.45%)1.11%(4.48%)(1.83%)(2.14%)(5.46%)1.65%7.03%33.55%.97%2.93%(.17%)6.22%(3.44%).93%1.52%6.73%10.88%5.68%5.62%(24.05%)27.10%4.44%(1.20%)3.74%20.18%4.52%(1.40%)3.23%(7.18%)12.90%1.87%3.61%(1.44%)11.11%(.96%)3.75%(4.73%)22.22%(.39%)(3.57%)(14.82%)
YoY%14.14%8.48%9.30%5.15%5.38%.02%(5.62%)(7.21%)(13.24%)(7.67%).66%37.37%46.70%48.54%38.56%10.20%5.39%3.34%5.08%5.60%21.26%26.96%32.10%(6.00%)7.75%6.48%(.40%)36.05%28.65%28.75%28.49%27.86%(1.25%)6.67%10.20%10.61%17.44%15.57%12.37%12.52%8.77%19.65%20.33%11.85%.01%(3.44%)(8.98%)(4.65%)
Cost Of Revenue0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$3,258,000$9,509,000$3,496,000$5,810,000$8,692,000$18,213,000$30,908,000$41,156,000$33,851,000$5,418,000$8,700,000$2,100,000$8,000,000$7,859,000$6,552,000$7,142,000$10,948,000$2,200,000$1,640,000$3,632,000$2,470,000$3,800,000$5,840,000$1,429,000$800,000$3,507,000$94,000$4,500,000$0$3,980,000$(423,000$)(5,671,000$)3,998,000$
Gross Profit541,248,000$511,111,000$495,012,000$478,399,000$474,179,000$471,169,000$452,898,000$454,963,000$449,966,000$471,082,000$479,840,000$490,319,000$518,615,000$510,186,000$476,693,000$353,681,000$344,015,000$339,961,000$338,223,000$315,208,000$317,240,000$301,450,000$286,233,000$272,885,000$271,217,000$253,075,000$245,737,000$318,321,000$248,888,000$239,286,000$241,679,000$228,901,000$197,373,000$189,302,000$190,018,000$185,118,000$198,290,000$173,159,000$174,290,000$168,801,000$168,577,000$154,785,000$151,877,000$150,731,000$154,229,000$129,872,000$135,624,000$130,764,000$
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%99.09%97.31%98.98%98.31%97.32%94.57%90.70%87.43%88.96%98.04%96.68%99.15%97.55%96.94%97.34%97.13%95.44%98.90%99.14%98.12%98.68%98.12%96.74%99.19%99.53%97.96%99.94%97.12%100.00%97.48%100.33%104.36%97.03%
Operating Expenses299,401,000$281,985,000$284,122,000$276,618,000$278,582,000$269,471,000$277,497,000$280,310,000$340,421,000$267,133,000$282,971,000$272,166,000$266,240,000$261,639,000$299,730,000$197,340,000$184,514,000$174,922,000$171,893,000$160,213,000$173,141,000$160,185,000$157,166,000$155,656,000$196,146,000$145,877,000$141,737,000$147,795,000$153,712,000$151,681,000$149,916,000$173,752,000$136,317,000$132,565,000$119,239,000$120,952,000$124,829,000$113,268,000$119,803,000$118,225,000$174,893,000$108,652,000$107,412,000$108,118,000$121,267,000$91,536,000$94,353,000$96,099,000$
Operating Income
Operating Margin
Interest Income
Interest Expenses350,890,000$380,699,000$372,604,000$364,647,000$411,849,000$450,051,000$431,781,000$435,108,000$420,909,000$400,600,000$367,694,000$284,210,000$180,731,000$82,736,000$34,787,000$22,789,000$24,678,000$27,775,000$32,741,000$39,131,000$46,138,000$54,257,000$65,966,000$98,454,000$105,232,000$108,636,000$107,508,000$101,576,000$92,541,000$80,241,000$69,366,000$59,897,000$48,537,000$46,796,000$42,187,000$36,587,000$36,700,000$37,057,000$37,573,000$37,444,000$37,548,000$40,730,000$39,577,000$38,899,000$42,296,000$40,791,000$39,745,000$39,014,000$
Income Before Tax221,704,000$209,955,000$173,091,000$139,120,000$89,061,000$126,674,000$93,331,000$129,453,000$88,965,000$194,832,000$190,819,000$203,716,000$245,136,000$246,524,000$132,965,000$156,042,000$157,311,000$165,004,000$163,393,000$155,031,000$143,337,000$141,265,000$129,067,000$116,397,000$75,071,000$107,198,000$104,000,000$170,526,000$95,176,000$87,605,000$91,763,000$55,149,000$61,056,000$56,737,000$70,779,000$64,166,000$68,426,000$59,891,000$54,487,000$50,576,000$(6,316,000$)46,133,000$44,465,000$42,613,000$32,962,000$38,336,000$41,271,000$34,665,000$
Tax Expenses26,301,000$46,600,000$39,924,000$33,062,000$(26,650,000$)28,818,000$22,907,000$33,173,000$17,411,000$53,486,000$51,759,000$57,165,000$67,545,000$68,405,000$36,552,000$39,314,000$42,273,000$42,424,000$42,881,000$39,321,000$37,974,000$38,891,000$33,466,000$29,129,000$36,967,000$25,307,000$27,532,000$57,196,000$18,074,000$18,046,000$18,961,000$13,184,000$34,958,000$17,088,000$20,714,000$18,071,000$18,336,000$17,049,000$15,460,000$14,389,000$(10,987,000$)10,179,000$12,474,000$12,272,000$7,827,000$10,654,000$11,751,000$830,000$
Net Income195,403,000$163,355,000$133,167,000$106,058,000$115,711,000$97,856,000$70,424,000$96,280,000$71,554,000$141,346,000$139,060,000$146,551,000$177,591,000$178,119,000$96,413,000$116,728,000$115,038,000$122,580,000$120,512,000$115,710,000$105,363,000$102,374,000$95,601,000$87,268,000$38,104,000$81,891,000$76,468,000$113,330,000$77,102,000$69,559,000$72,802,000$41,965,000$26,098,000$39,649,000$50,065,000$46,095,000$50,090,000$42,842,000$39,027,000$36,187,000$4,671,000$35,954,000$31,991,000$30,341,000$25,135,000$27,682,000$29,520,000$33,835,000$
Profit Margin36.10%31.96%26.90%22.17%24.40%20.77%15.55%21.16%15.90%30.01%28.98%29.89%34.24%34.91%20.23%32.70%32.54%35.69%35.03%35.72%31.41%30.80%29.20%28.45%13.77%31.28%30.85%34.73%30.03%28.30%29.26%17.50%13.08%20.77%25.85%24.57%24.79%23.93%22.21%21.34%2.71%23.21%20.46%20.13%15.89%21.38%22.72%25.11%
TTM29.52%26.46%23.60%20.78%20.52%18.38%20.76%24.15%26.36%30.85%32.08%30.00%30.54%29.83%29.45%33.97%34.72%34.46%33.24%31.77%30.00%26.01%25.83%25.96%27.85%31.92%31.25%30.88%26.37%22.53%20.53%19.15%20.98%24.01%24.81%23.92%23.15%17.62%17.23%16.66%16.24%19.90%19.36%19.83%21.03%23.65%23.36%23.60%
Earnings to Minority7,434,000$7,644,000$6,948,000$6,955,000$7,025,000$6,117,000$4,108,000$4,119,000$4,104,000$4,127,000$4,030,000$3,874,000$3,630,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$3,172,000$2,683,000$1,797,000$1,797,000$1,797,000$1,797,000$1,797,000$1,797,000$1,796,000$2,017,000$
Earnings to Common Shareholders187,969,000$155,711,000$126,219,000$99,103,000$108,686,000$91,739,000$66,316,000$92,161,000$67,450,000$137,219,000$135,030,000$142,677,000$173,961,000$174,947,000$93,241,000$113,556,000$111,866,000$119,408,000$117,340,000$112,538,000$102,191,000$99,202,000$92,429,000$84,096,000$34,932,000$78,719,000$73,296,000$110,158,000$73,930,000$66,387,000$69,630,000$38,793,000$22,926,000$36,966,000$48,268,000$44,298,000$48,293,000$41,045,000$37,230,000$34,390,000$2,875,000$33,937,000$31,991,000$30,341,000$25,135,000$27,682,000$29,520,000$33,835,000$
QoQ%20.72%23.37%27.36%(8.82%)18.47%38.34%(28.04%)36.64%(50.85%)1.62%(5.36%)(17.98%)(.56%)87.63%(17.89%)1.51%(6.32%)1.76%4.27%10.13%3.01%7.33%9.91%140.74%(55.62%)7.40%(33.46%)49.00%11.36%(4.66%)79.49%69.21%(37.98%)(23.42%)8.96%(8.27%)17.66%10.25%8.26%1,096.17%(91.53%)6.08%5.44%20.71%(9.20%)(6.23%)(12.75%)(14.58%)
YoY%72.95%69.73%90.33%7.53%61.14%(33.14%)(50.89%)(35.41%)(61.23%)(21.57%)44.82%25.65%55.51%46.51%(20.54%).91%9.47%20.37%26.95%33.82%192.54%26.02%26.10%(23.66%)(52.75%)18.58%5.27%183.96%222.47%79.59%44.26%(12.43%)(52.53%)(9.94%)29.65%28.81%1,579.76%20.95%16.38%13.35%(88.56%)22.60%8.37%(10.33%)(36.54%)2.07%(12.98%)8.07%
Earnings Per Share, Basic0.34$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$0.28$0.25$0.25$0.23$0.21$0.10$0.24$0.22$0.33$0.22$0.20$0.21$0.12$0.09$0.14$0.18$0.17$0.19$0.16$0.15$0.14$0.01$0.15$0.14$0.13$0.11$0.14$0.15$0.17$
Earnings Per Share, Diluted0.33$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$0.28$0.25$0.25$0.23$0.21$0.10$0.24$0.22$0.33$0.22$0.20$0.21$0.12$0.09$0.14$0.18$0.17$0.19$0.16$0.15$0.14$0.01$0.15$0.14$0.13$0.11$0.14$0.15$0.17$
Unlevered FCF Per Share, Basic0.34$0.00$0.28$(0.04$)0.72$(0.32$)0.41$0.19$(0.56$)0.69$1.03$(0.57$)0.35$0.81$0.59$1.12$0.57$0.30$0.34$0.75$0.44$(0.04$)0.25$(0.31$)0.41$0.16$(0.15$)0.27$(0.61$)1.23$(0.03$)0.25$0.70$0.68$0.67$0.23$1.04$0.18$0.14$0.19$(0.01$)0.14$0.17$0.22$0.05$0.30$0.31$0.15$
Unlevered FCF Per Share, Diluted0.33$0.00$0.28$(0.04$)0.71$(0.31$)0.41$0.19$(0.56$)0.69$1.02$(0.56$)0.35$0.81$0.58$1.12$0.57$0.30$0.33$0.75$0.44$(0.04$)0.25$(0.31$)0.40$0.16$(0.15$)0.27$(0.60$)1.22$(0.03$)0.25$0.70$0.68$0.66$0.23$1.04$0.18$0.14$0.19$(0.01$)0.14$0.17$0.22$0.05$0.30$0.31$0.15$
Average Shares, Basic558,097,135560,504,275560,336,610559,613,272536,311,951509,227,538509,141,252508,340,719507,677,454507,650,668507,690,043507,111,295507,521,165506,342,200506,302,464421,573,843411,841,542406,824,160405,963,209405,152,605403,874,625403,833,469403,790,242403,519,088355,821,005331,797,982331,748,552331,601,260331,492,648331,486,500331,318,381330,727,416264,332,895264,058,174263,958,292263,797,024256,422,437254,473,994254,381,170254,075,349239,916,562232,737,953232,565,404232,338,775221,471,635200,614,091200,472,592200,128,384
Average Shares, Diluted566,075,412563,636,933562,312,330563,305,525539,651,825511,342,932510,338,502510,633,945509,427,018509,256,599508,643,025509,656,430510,594,087508,690,997508,479,206423,506,550414,537,768409,238,001408,660,778407,636,765405,340,334404,788,526404,631,845405,424,123358,864,876333,405,196332,959,802332,834,466332,856,385333,000,242332,895,483332,465,527265,288,067264,936,220264,778,242264,546,266256,952,036254,940,307254,771,213254,347,420239,972,546232,780,219232,586,616232,341,921221,471,635200,614,091200,472,592200,128,384
EBIT572,594,000$590,654,000$545,695,000$503,767,000$500,910,000$576,725,000$525,112,000$564,561,000$509,874,000$595,432,000$558,513,000$487,926,000$425,867,000$329,260,000$167,752,000$178,831,000$181,989,000$192,779,000$196,134,000$194,162,000$189,475,000$195,522,000$195,033,000$214,851,000$180,303,000$215,834,000$211,508,000$272,102,000$187,717,000$167,846,000$161,129,000$115,046,000$109,593,000$103,533,000$112,966,000$100,753,000$105,126,000$96,948,000$92,060,000$88,020,000$31,232,000$86,863,000$84,042,000$81,512,000$75,258,000$79,127,000$81,016,000$73,679,000$
EBITDA572,594,000$590,654,000$545,695,000$503,767,000$500,910,000$576,725,000$525,112,000$564,561,000$509,874,000$595,432,000$558,513,000$487,926,000$425,867,000$329,260,000$167,752,000$178,831,000$181,989,000$192,779,000$196,134,000$194,162,000$189,475,000$195,522,000$195,033,000$214,851,000$180,303,000$215,834,000$211,508,000$272,102,000$187,717,000$167,846,000$161,129,000$115,046,000$109,593,000$103,533,000$112,966,000$100,753,000$105,126,000$96,948,000$92,060,000$88,020,000$31,232,000$86,863,000$84,042,000$81,512,000$75,258,000$79,127,000$81,016,000$73,679,000$