← VALLEY NATIONAL BANCORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $168.1m | $161.9m | $261.4m | $309.8m | $390.6m | $473.8m | $568.9m | $498.5m | $380.3m | $598.0m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $161.0m | $152.5m | $248.7m | $297.1m | $377.9m | $461.2m | $555.7m | $482.4m | $358.9m | $569.0m | |
| Depreciation, Depletion and Amortization | $24.4m | $24.8m | $27.6m | $29.4m | $30.6m | $28.8m | $41.2m | $43.4m | $43.7m | $38.1m | |
| Depreciation, Amortization and Accretion, Net | $24.4m | $24.8m | $27.6m | $53.3m | $57.6m | $54.9m | $72.7m | $43.4m | $43.8m | $38.3m | |
| Amortization of Intangible Assets | $11.3m | $10.0m | $18.4m | $18.1m | $24.6m | $21.8m | $37.8m | $39.8m | $35.0m | $30.4m | |
| Deferred Income Tax Expense (Benefit) | $27.2m | $76.8m | ($11.8m) | $15.2m | ($5.1m) | $26.8m | $7.5m | ($9.4m) | ($6.1m) | $10.9m | |
| Share-based Payment Arrangement, Noncash Expense | $10.0m | $12.2m | $19.5m | $14.7m | $16.2m | $20.9m | $28.8m | $33.1m | $29.0m | $27.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | — | $9.8m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $48.2m | $50.8m | $314.4m | $141.5m | |
| Gain (Loss) on Disposition of Assets | — | — | — | $78.3m | ($1.9m) | $901k | $897k | $6.8m | $3.7m | ($3k) | |
| Gain (Loss) on Extinguishment of Debt | ($315k) | $0 | — | ($32.0m) | ($12.0m) | ($8.4m) | $0 | $0 | — | ($922k) | |
| Gain (Loss) on Disposition of Assets for Financial Service Operations | $1.4m | ($95k) | ($2.4m) | $78.3m | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $65.2m | $90.8m | $68.3m | $147.0m | $139.5m | $166.9m | $211.8m | $179.8m | $58.2m | $145.9m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | ($46.2m) | $57.4m | $33.1m | $163.3m | $311.8m | ($122.2m) | $259.7m | $173.5m | $263.4m | ($118.9m) | |
| Provision for Loan, Lease, and Other Losses | $11.9m | $9.9m | $32.5m | $24.2m | — | — | — | — | — | — | |
| Bank Owned Life Insurance Income | $6.7m | $7.3m | $8.7m | $8.2m | $10.1m | $8.8m | $8.0m | $11.8m | $16.9m | $20.0m | |
| Gain (Loss) on Sales of Loans, Net | $22.0m | $20.8m | $20.5m | $18.9m | $42.3m | $26.7m | $6.4m | $6.1m | ($5.8m) | $6.9m | |
| Parent Company | $111.8m | $115.9m | $138.9m | $146.5m | $178.0m | $179.7m | $206.0m | $225.4m | $228.2m | $248.9m | |
| Debt and Equity Securities, Gain (Loss) | — | — | ($2.3m) | ($150k) | $524k | $1.8m | ($1.2m) | $1.1m | $100k | $74k | |
| Debt Securities Available For Sale Excluding Accrued Interest Allowance For Credit Loss Not Previously Recorded | — | — | — | — | — | — | — | $5.0m | — | $0 | |
| Debt Securities, Trading, Gain (Loss) | — | — | — | — | — | $1.2m | ($1.3m) | $702k | $115k | $57k | |
| Goodwill | $690.6m | $690.6m | $1.1b | $1.4b | $1.4b | $1.5b | $1.9b | $1.9b | $1.9b | $1.9b | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $123.9m | $27.5m | $48.2m | $50.8m | $314.4m | $141.5m | |
| Derivative, Gain (Loss) on Derivative, Net | $690k | ($744k) | ($792k) | $898k | $1.1m | $54k | ($1.4m) | $1.6m | ($4.8m) | ($7.2m) | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($7.6m) | ($5.0m) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $419.2m | $619.2m | $593.6m | $1.5b | $151.5m | $837.1m | $1.4b | $378.2m | $548.5m | $343.8m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $20.7m | $18.1m | $26.4m | $23.4m | $24.6m | $39.4m | $68.9m | $76.0m | $16.1m | $18.1m | |
| Gain (Loss) on Sale of Investments | $213k | ($25k) | ($2.1m) | $0 | $656k | $820k | $0 | $869k | $0 | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($1.5b) | ($1.5b) | ($3.1b) | ($2.1b) | ($2.0b) | ($1.1b) | ($6.8b) | ($3.3b) | ($709.3m) | ($2.2b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $868.0m | $204.7m | $255.0m | $316.0m | $555.6m | $462.3m | $225.9m | $78.6m | $296.9m | $704.2m | |
| Proceeds from Issuance of Long-term Debt | $385.0m | $1.1b | $0 | $950.0m | $838.4m | $295.9m | $147.5m | $1.3b | $1.0b | $210.0m | |
| Repayments of Long-term Debt | $769.2m | $185.0m | $750.7m | $890.0m | $667.7m | $1.2b | $0 | $475.0m | $165.0m | $488.0m | |
| Proceeds from Issuance of Common Stock | $112.1m | $8.2m | $2.7m | $3.0m | $2.2m | $11.2m | $120k | $4.0m | $451.2m | $17.5m | |
| Payments for Repurchase of Common Stock | $3.2m | $2.6m | $3.8m | $1.8m | $5.4m | $23.9m | $24.1m | $11.5m | $8.9m | $63.0m | |
| Payments of Ordinary Dividends, Common Stock | $111.8m | $115.9m | $138.9m | $146.5m | $178.0m | $179.7m | $206.0m | $225.4m | $228.2m | $248.9m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | ($492k) | ($612k) | ($680k) | ($745k) | ($18k) | ($3k) | ($156k) | |
| Net Cash Provided by (Used in) Financing Activities | $1.1b | $951.9m | $2.5b | $673.4m | $2.8b | $964.4m | $4.3b | $2.9b | $1.2b | $1.5b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $6.1m | $894.5m | $720.7m | ($1.1b) | ($56.7m) | $998.9m | ($306.6m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $434.7m | $1.3b | $2.0b | $947.9m | $891.2m | $1.9b | $1.6b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $290.4m | $415.6m | $279.0m | $138.4m | $281.1m | $1.4b | $1.7b | $1.5b | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | $236.5m | $89.7m | $53.5m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.