VALLEY NATIONAL BANCORP (VLY) financial statements: income statement, balance sheet and cash flow

VALLEY NATIONAL BANCORP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), VALLEY NATIONAL BANCORP reported net income of $598.0M (+57.3% year on year).

Income statement

VALLEY NATIONAL BANCORP income statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Interest and fees on loans$2.9B$3.1B$2.9B$1.8B
Taxable$274.4M$181.9M$130.7M$105.7M
Tax-exempt$18.6M$19.3M$20.3M$18.0M
Dividends$21.4M$25.0M$24.1M$11.5M
Interest on federal funds sold and other short-term investments$36.8M$51.5M$76.8M$13.1M
Total interest income$3.2B$3.4B$3.1B$2.0B
Savings, NOW and money market$812.4M$914.0M$739.0M$186.7M
Time$504.2M$645.0M$535.7M$69.7M
Interest on short-term borrowings$5.7M$22.0M$94.9M$17.5M
Interest on long-term borrowings and junior subordinated debentures$146.5M$147.8M$103.8M$47.2M
Total interest expense$1.5B$1.7B$1.5B$321.0M
Net Interest Income$1.8B$1.6B$1.7B$1.7B
Provision (credit) for credit losses for available for sale and held to maturity securities$87.0K($558.0K)$4.6M—
Provision for credit losses for loans$139.7M$309.4M$45.6M$56.3M
Net Interest Income After Provision for Credit Losses$1.6B$1.3B$1.6B$1.6B
Service charges on deposit accounts$124.7M$110.9M$85.5M$71.6M
Insurance commissions$13.4M$12.8M$11.1M$12.0M
Capital markets$42.0M$27.2M$41.5M$52.4M
Gains on securities transactions, net$74.0K$100.0K$1.1M($1.2M)
Fees from loan servicing$13.4M$12.4M$10.7M$11.3M
Gains (losses) on sales of loans, net$6.9M($5.8M)$6.1M$6.4M
Losses (gains) on sales of assets, net($3.0K)$3.7M$6.8M—
Bank owned life insurance$20.0M$16.9M$11.8M$8.0M
Other$41.7M$46.3M$51.2M$46.3M
Total non-interest income$262.1M$224.5M$225.7M$206.8M
Salary and employee benefits expense$579.5M$558.6M$563.6M$526.7M
Net occupancy expense$102.3M$102.1M$101.5M$94.4M
Technology, furniture and equipment expense$123.9M$135.1M$150.7M$161.8M
FDIC insurance assessment$39.1M$61.5M$88.2M$22.8M
Amortization of other intangible assets$30.4M$35.0M$39.8M$37.8M
Professional and legal fees$86.7M$70.3M$80.6M$82.6M
Loss on extinguishment of debt$922.0K—$0$0
Amortization of tax credit investments$41.8M$18.9M$18.0M$12.4M
Other$137.5M$124.3M$120.4M$86.4M
Total non-interest expense$1.1B$1.1B$1.2B$1.0B
Income Before Income Taxes$743.9M$438.5M$678.3M$780.7M
Income tax expense$145.9M$58.2M$179.8M$211.8M
Net Income$598.0M$380.3M$498.5M$568.9M
Dividends on preferred stock$29.0M$21.4M$16.1M$13.1M
Net Income Available to Common Shareholders$569.0M$358.9M$482.4M$555.7M
Basic (in USD per share)$1.02$0.70$0.95$1.14
Diluted (in USD per share)$1.01$0.69$0.95$1.14
VALLEY NATIONAL BANCORP income statement, quarters
Line itemJun 30, 2026 · Q2Mar 31, 2026 · Q1Sep 30, 2025 · Q3Jun 30, 2025 · Q2
Interest and fees on loans$736.1M$708.6M$733.2M$720.3M
Taxable$76.1M$73.8M$70.2M$67.2M
Tax-exempt$5.0M$4.7M$4.6M$4.7M
Dividends$5.8M$4.8M$4.9M$5.5M
Interest on federal funds sold and other short-term investments$6.4M$10.8M$14.0M$7.4M
Total interest income$829.4M$802.7M$826.9M$805.0M
Savings, NOW and money market$191.0M$190.8M$210.9M$203.4M
Time$112.7M$106.7M$133.1M$129.3M
Interest on short-term borrowings$6.0M$236.0K$555.0K$1.7M
Interest on long-term borrowings and junior subordinated debentures$32.6M$33.5M$36.1M$38.2M
Total interest expense$342.4M$331.2M$380.7M$372.6M
Net Interest Income$487.0M$471.5M$446.2M$432.4M
(Credit) provision for credit losses for available for sale and held to maturity securities($2.0K)$12.0K$0$4.0K
Provision for credit losses for loans$29.2M$21.2M$19.2M$37.8M
Net Interest Income After Provision for Credit Losses$457.9M$450.3M$427.1M$394.6M
Revenue from contracts with customer$36.4M$34.2M$32.9M$28.8M
Insurance commissions$3.8M$2.9M$2.9M$3.4M
Capital markets$12.9M$10.4M$9.8M$9.8M
Gains (losses) on securities transactions, net$50.0K$21.0K$28.0K($1.0K)
Fees from loan servicing$3.3M$3.2M$3.4M$3.7M
Gains on sales of loans, net$1.7M$3.1M$740.0K$2.0M
Bank owned life insurance$5.9M$5.8M$4.7M$6.0M
Other$9.7M$9.2M$10.4M$8.9M
Total non-interest income$73.7M$68.8M$64.9M$62.6M
Salary and employee benefits expense$150.4M$155.7M$146.8M$145.4M
Net occupancy expense$27.2M$27.2M$24.9M$25.5M
Technology, furniture and equipment expense$33.2M$31.9M$30.7M$30.7M
FDIC insurance assessment$11.7M$10.5M$8.4M$12.2M
Amortization of other intangible assets$6.3M$6.9M$7.5M$7.4M
Professional and legal fees$29.5M$25.1M$24.3M$20.0M
Loss on extinguishment of debt$0—$0$922.0K
Amortization of tax credit investments$16.2M$16.0M$8.1M$9.1M
Other$36.6M$36.6M$31.3M$32.9M
Total non-interest expense$311.1M$309.9M$282.0M$284.1M
Income Before Income Taxes$220.4M$209.2M$210.0M$173.1M
Income tax expense$49.6M$45.3M$46.6M$39.9M
Net Income$170.9M$163.9M$163.4M$133.2M
Dividends on preferred stock$7.3M$7.2M$7.6M$6.9M
Net Income Available to Common Shareholders$163.6M$156.7M$155.7M$126.2M
Basic (usd per share)$0.30$0.28$0.28$0.23
Diluted (usd per share)$0.29$0.28$0.28$0.22

Balance sheet

VALLEY NATIONAL BANCORP balance sheet, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Cash and due from banks$315.2M$411.4M$284.1M$444.3M
Interest bearing deposits with banks$1.3B$1.5B$607.1M$503.6M
Equity securities$82.8M$71.5M$64.5M$48.7M
Available for sale debt securities$4.2B$3.4B$1.3B$1.3B
Held to maturity debt securities (net of allowance for credit losses of $734 at December 31, 2025 and $647 at December 31, 2024)$3.5B$3.5B$3.7B$3.8B
Total investment securities$7.8B$7.0B$5.1B$5.2B
Loans held for sale (includes fair value of $8,212 at December 31, 2025 and $15,681 at December 31, 2024 for loans originated for sale)$26.2M$25.7M$30.6M$18.1M
Loans$50.1B$48.8B$50.2B$46.9B
Less: Allowance for loan losses($583.4M)($558.9M)($446.1M)($458.7M)
Net loans$49.6B$48.2B$49.8B$46.5B
Premises and equipment, net$330.8M$350.8M$381.1M$358.6M
Lease right of use assets$313.9M$328.5M$343.5M$306.4M
Bank owned life insurance$738.1M$731.6M$723.8M$717.2M
Accrued interest receivable$243.9M$239.9M$245.5M$196.6M
Goodwill$1.9B$1.9B$1.9B$1.9B
Other intangible assets, net$100.9M$128.7M$160.3M$197.5M
Other assets$1.6B$1.7B$1.4B$1.2B
Total Assets$64.1B$62.5B$60.9B$57.5B
Non-interest bearing$12.2B$11.4B$11.5B$14.5B
Savings, NOW and money market$28.6B$26.3B$24.5B$23.6B
Time$11.4B$12.3B$13.2B$9.6B
Total deposits$52.2B$50.1B$49.2B$47.6B
Short-term borrowings$91.5M$72.7M$917.8M$138.7M
Long-term borrowings$2.9B$3.2B$2.3B$1.5B
Junior subordinated debentures issued to capital trusts$57.8M$57.5M$57.1M$56.8M
Lease liabilities$372.4M$388.3M$403.8M$358.9M
Accrued expenses and other liabilities$711.6M$1.3B$1.3B$1.3B
Total Liabilities$56.3B$55.1B$54.2B$51.1B
Preferred stock, no par value; authorized 50,000,000 shares:354.3M354.3M209.7M209.7M
Common stock (no par value, authorized 650,000,000 shares; issued 560,878,750 shares at December 31, 2025 and 558,786,093 shares at December 31, 2024)196.7M196.0M178.2M178.2M
Surplus$5.5B$5.4B$5.0B$5.0B
Retained earnings$1.9B$1.6B$1.5B$1.2B
Accumulated other comprehensive loss($74.4M)($155.3M)($146.5M)($164.0M)
Treasury stock, at cost (4,260,729 common shares at December 31, 2025)-46.8M0-1.4M-21.7M
Total Shareholders’ Equity$7.8B$7.4B$6.7B$6.4B
Total Liabilities and Shareholders’ Equity$64.1B$62.5B$60.9B$57.5B
VALLEY NATIONAL BANCORP balance sheet, quarters
Line itemJun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025
Cash and due from banks$388.7M$362.1M$376.2M$440.9M
Interest bearing deposits with banks$578.1M$797.4M$994.2M$745.5M
Equity securities$88.5M$83.9M$78.3M$77.4M
Trading debt securities$26.5M———
Available for sale debt securities$4.3B$4.2B$4.1B$3.9B
Held to maturity debt securities (net of allowance for credit losses of $744 at June 30, 2026 and $734 at December 31, 2025)$3.8B$3.6B$3.5B$3.5B
Total investment securities$8.2B$7.9B$7.7B$7.5B
Loans held for sale (includes fair value of $4,940 at June 30, 2026 and $8,212 at December 31, 2025 for loans originated for sale)$13.7M$11.2M$18.1M$28.1M
Loans$52.5B$50.8B$49.3B$49.4B
Less: Allowance for loan losses($590.6M)($584.5M)($585.0M)($579.5M)
Net loans$51.9B$50.2B$48.7B$48.8B
Premises and equipment, net$316.4M$321.7M$331.1M$337.4M
Lease right of use assets$298.8M$306.3M$318.4M$332.3M
Bank owned life insurance$742.2M$740.4M$739.7M$735.0M
Accrued interest receivable$250.7M$244.3M$242.9M$238.3M
Goodwill$1.9B$1.9B$1.9B$1.9B
Other intangible assets, net$89.2M$94.8M$107.7M$114.6M
Other assets$1.7B$1.6B$1.6B$1.5B
Total Assets$66.3B$64.5B$63.0B$62.7B
Non-interest bearing$12.5B$12.3B$11.7B$11.7B
Savings, NOW and money market$28.7B$29.2B$27.2B$26.1B
Time$12.9B$11.4B$12.3B$12.9B
Total deposits$54.1B$52.9B$51.2B$50.7B
Short-term borrowings$433.5M$63.9M$51.1M$162.2M
Long-term borrowings$2.6B$2.6B$2.9B$2.9B
Junior subordinated debentures issued to capital trusts$58.0M$57.9M$57.7M$57.6M
Lease liabilities$355.5M$364.0M$377.9M$392.6M
Accrued expenses and other liabilities$828.4M$731.9M$755.0M$889.1M
Total Liabilities$58.4B$56.6B$55.3B$55.1B
Preferred stock, no par value; 50,000,000 authorized shares:354.3M354.3M354.3M354.3M
Common stock (no par value, authorized 650,000,000 shares; issued 560,878,750 shares at June 30, 2026 and December 31, 2025)196.7M196.7M196.7M196.6M
Surplus$5.5B$5.5B$5.5B$5.5B
Retained earnings$2.1B$2.0B$1.8B$1.7B
Accumulated other comprehensive loss($99.6M)($97.6M)($98.8M)($119.9M)
Treasury stock, at cost (7,809,650 common shares at June 30, 2026 and 4,260,729 common shares at December 31, 2025)-97.0M-79.8M-985.0K-2.1M
Total Shareholders’ Equity$7.9B$7.8B$7.7B$7.6B
Total Liabilities and Shareholders’ Equity$66.3B$64.5B$63.0B$62.7B

Cash flow statement

VALLEY NATIONAL BANCORP cash flow statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Net income$598.0M$380.3M$498.5M$568.9M
Depreciation and amortization$38.3M$43.8M$43.4M$72.7M
Stock-based compensation$27.3M$29.0M$33.1M$28.8M
Provision for credit losses$139.8M$308.8M$50.2M$56.8M
Net accretion of discounts and amortization of premium on securities and borrowings($9.2M)($3.4M)($2.1M)$10.7M
Amortization of other intangible assets$30.4M$35.0M$39.8M$37.8M
(Gains) losses on available for sale and held to maturity debt securities, net($17.0K)$15.0K$401.0K—
Proceeds from sales of loans held for sale at fair value$185.2M$253.7M$205.6M$389.7M
(Gains) losses on sales of loans, net($6.9M)$5.8M($6.1M)($6.4M)
Originations of loans held for sale($173.5M)($244.7M)($204.7M)($267.2M)
Losses (gains) on sales of assets, net$3.0K($3.7M)($6.8M)($897.0K)
Loss on extinguishment of debt$922.0K—$0$0
Net deferred income tax expense (benefit)$10.9M($6.1M)($9.4M)$7.5M
Fair value of financial instruments hedged by derivative transactions$11.2M$13.4M$4.8M($28.9M)
Trading debt securities$0$4.0M$9.5M$24.7M
Lease right of use assets$11.9M$18.5M($37.1M)$49.4M
Cash surrender value of bank owned life insurance($19.7M)($16.9M)($11.8M)($8.0M)
Accrued interest receivable($4.0M)$5.6M($48.9M)($74.0M)
Other assets$118.9M($263.4M)($173.5M)($259.7M)
Accrued expenses and other liabilities($615.6M)($11.1M)($5.8M)$874.9M
Net cash provided by operating activities$343.8M$548.5M$378.2M$1.4B
Loans originated and purchased, net of principal collected($1.5B)($137.7M)($3.3B)($6.9B)
Purchases($14.3M)($9.9M)($14.0M)($11.2M)
Sales and capital returns$4.5M$1.9M$1.9M$3.1M
Purchases($320.5M)($103.3M)($302.8M)($838.6M)
Maturities, calls and principal repayments$357.0M$309.5M$379.5M$475.3M
Purchases($1.4B)($2.4B)($112.3M)($54.6M)
Sales$0$0$18.8M$12.8M
Maturities, calls and principal repayments$704.2M$296.9M$78.6M$225.9M
Death benefit proceeds from bank owned life insurance$13.2M$9.1M$5.2M$4.7M
Proceeds from sales of real estate property and equipment$2.3M$3.2M$18.3M$10.8M
Proceeds from sales of loans not originated for sale$16.6M$1.2B$0$0
Proceeds from sale of commercial premium finance lending division$0$98.1M——
Purchases of real estate property and equipment($18.1M)($16.1M)($76.0M)($68.9M)
Net cash used in investing activities($2.2B)($709.3M)($3.3B)($6.8B)
Net change in deposits$2.1B$830.6M$1.6B$5.0B
Net change in short-term borrowings$18.8M($845.1M)$779.1M($620.8M)
Proceeds from issuance of long-term borrowings, net$210.0M$1.0B$1.3B$147.5M
Repayments of long-term borrowings($488.0M)($165.0M)($475.0M)$0
Proceeds from issuance of preferred stock, net$0$144.7M——
Cash dividends paid to preferred shareholders($29.0M)($21.4M)($14.3M)($13.1M)
Cash dividends paid to common shareholders($248.9M)($228.2M)($225.4M)($206.0M)
Purchase of common shares related to stock compensation plan activity-9.8M———
Purchase of common shares to treasury-63.0M-8.9M-11.5M-24.1M
Common stock issued, net$17.5M$451.2M$4.0M$120.0K
VALLEY NATIONAL BANCORP cash flow statement, quarters
Line itemJun 30, 2026 · YTDMar 31, 2026 · Q1Sep 30, 2025 · YTDJun 30, 2025 · YTD
Net income$334.8M$163.9M$402.6M$239.2M
Depreciation and amortization$17.8M$9.1M$28.7M$19.9M
Stock-based compensation$16.3M$7.7M$18.0M$13.7M
Provision for credit losses$50.4M$21.3M$119.6M$100.5M
Net accretion of discounts and amortization of premium on securities and borrowings($6.5M)($2.6M)($6.0M)($3.6M)
Amortization of other intangible assets$13.2M$6.9M$23.0M$15.4M
Losses on available for sale and held to maturity debt securities, net$10.0K$10.0K($17.0K)$11.0K
Proceeds from sales of loans held for sale at fair value$78.7M$41.0M$139.5M$90.6M
Gains on sales of loans, net($4.8M)($3.1M)($5.0M)($4.2M)
Originations of loans held for sale($73.6M)($34.0M)($124.8M)($80.5M)
Gains on sales of assets, net$12.0K($7.0K)($78.0K)($187.0K)
Loss on extinguishment of debt$0—$922.0K$922.0K
Fair value of financial instruments hedged by derivative transactions$1.7M$188.0K$9.3M$7.0M
Trading debt securities($26.5M)—$0$0
Lease right of use assets$15.0M$7.6M$7.4M($4.2M)
Cash surrender value of bank owned life insurance($11.4M)($5.5M)($15.1M)($10.5M)
Accrued interest receivable($6.8M)($378.0K)($2.9M)$1.7M
Other assets($135.2M)($21.3M)$114.0M$151.2M
Accrued expenses and other liabilities$110.1M$19.0M($562.0M)($395.0M)
Net cash provided by operating activities$373.2M$209.6M$147.2M$142.0M
Loans originated and purchased, net of principal collected($2.4B)($713.1M)($582.1M)($680.9M)
Purchases($6.8M)($1.5M)($11.7M)($6.9M)
Sales and capital returns$616.0K$231.0K$4.0M$715.0K
Purchases($434.0M)($207.0M)($278.7M)($159.2M)
Maturities, calls and principal repayments$174.5M$84.0M$269.7M$159.9M
Purchases($478.4M)($166.5M)($991.0M)($682.6M)
Maturities, calls and principal repayments$358.6M$184.8M$328.2M$209.3M
Death benefit proceeds from bank owned life insurance$7.3M$3.2M$7.0M$7.0M
Proceeds from sales of real estate property and equipment$1.2M$1.2M$2.3M$2.3M
Proceeds from sales of loans not originated for sale$10.6M$10.6M$11.9M$0
Purchases of real estate property and equipment($4.7M)($1.4M)($9.0M)($6.2M)
Net cash used in investing activities($2.7B)($805.5M)($1.2B)($1.2B)
Net change in deposits$1.9B$678.3M$1.1B$647.9M
Net change in short-term borrowings$342.0M($27.6M)($21.7M)$89.5M
Proceeds from issuance of long-term borrowings, net$594.1M—$210.0M$210.0M
Repayments of long-term borrowings($900.0M)($350.0M)($488.0M)($488.0M)
Cash dividends paid to preferred shareholders($14.5M)($7.2M)($21.5M)($13.9M)
Cash dividends paid to common shareholders($124.0M)($62.9M)($187.1M)($125.2M)
Purchase of common shares related to stock compensation plan activity-10.2M-9.8M-9.3M-8.6M
Purchase of common shares to treasury-71.9M-51.8M-16.4M-4.3M
Common stock issued, net$3.7M$3.0M$17.7M$3.7M
Other, net($825.0K)($301.0K)($109.0K)($257.0K)
Net cash provided by financing activities$1.8B$171.7M$582.4M$310.9M
Net change in cash and cash equivalents($616.7M)($424.1M)($519.7M)($703.7M)
Cash and cash equivalents at beginning of year$1.6B$1.6B$1.9B$1.9B

VALLEY NATIONAL BANCORP score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.