← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Noninterest income: | |||||||||||
| Additional Financial Items | |||||||||||
| 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 | |
| Amortization of Intangible Assets | $11.3m | $10.0m | $18.4m | $18.1m | $24.6m | $21.8m | $37.8m | $39.8m | $35.0m | $30.4m | |
| 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, Gain (Loss) | — | — | — | — | — | — | — | $401k | ($15k) | $17k | |
| Debt Securities, Trading, Gain (Loss) | — | — | — | — | — | $1.2m | ($1.3m) | $702k | $115k | $57k | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 | |
| Lease Income | — | — | — | $19.4m | $25.2m | $28.1m | $34.4m | $40.1m | $39.8m | $42.7m | |
| Preferred Stock Dividends, Income Statement Impact | $7.2m | $9.4m | $12.7m | $12.7m | $12.7m | $12.7m | $13.1m | $16.1m | $21.4m | $29.0m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | $640.7m | $780.7m | $678.3m | $438.5m | $743.9m | |
| 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 | |
| Earnings Per Share, Basic | $0.63 | $0.58 | $0.75 | $0.88 | $0.94 | $1.13 | $1.14 | $0.95 | $0.70 | $1.02 | |
| Earnings Per Share, Diluted | $0.63 | $0.58 | $0.75 | $0.87 | $0.93 | $1.12 | $1.14 | $0.95 | $0.69 | $1.01 | |
| Common Stock, Dividends, Per Share, Declared | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | — | — | $0.44 | $0.44 | |
| Weighted Average Number of Shares Outstanding, Basic | 254.8m | 264.0m | 331.3m | 337.8m | 403.8m | 407.4m | 485.4m | 507.5m | 515.8m | 559.6m | |
| Weighted Average Number of Shares Outstanding, Diluted | 255.3m | 264.9m | 332.7m | 340.1m | 405.0m | 410.0m | 487.8m | 509.2m | 518.0m | 563.8m | |
| Noninterest expense: | |||||||||||
| Labor and Related Expense | $235.9m | $254.6m | $333.8m | $327.4m | $333.2m | $375.9m | $526.7m | $563.6m | $558.6m | $579.5m | |
| Current Income Tax Expense (Benefit) | $38.1m | $14.0m | $80.0m | $131.8m | $144.5m | $140.1m | $204.3m | $189.2m | $64.4m | $135.0m | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $48.2m | $50.8m | $314.4m | $141.5m | |
| Interest Expense | $148.8m | $174.1m | $302.0m | $423.0m | $264.8m | $124.3m | $321.0m | $1.5b | — | — | |
| Income Tax Expense (Benefit) | $65.2m | $90.8m | $68.3m | $147.0m | $139.5m | $166.9m | $211.8m | $179.8m | $58.2m | $145.9m | |
| Total interest expense | — | — | — | — | — | — | — | — | $1.7b | $1.5b | |
| Interest Income (Expense), Net | $618.1m | $668.3m | $857.2m | $898.0m | $1.1b | $1.2b | $1.7b | $1.7b | $1.6b | $1.8b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.