For the quarter ending 2025-09-30.
| Income Statement | 2025-09-30 | 2025-06-30 | 2024-12-31 | |
|---|---|---|---|---|
| Service charges on deposit accounts | - | - | 27,723 | |
| Gains (losses) on securities transactions, net | - | - | 25 | |
| Insurance commissions | - | - | 3,199 | |
| Fees from loan servicing | - | - | 3,098 | |
| (losses) gains on sales of loans, net | - | - | -1,460 | |
| Capital markets | - | - | 6,805 | |
| Gains on sales of assets, net | - | - | 932 | |
| Bank owned life insurance | - | - | 4,236 | |
| Other | - | - | 11,568 | |
| Total non-interest income | - | - | 56,125 | |
| Net occupancy expense | - | - | 25,531 | |
| Fdic insurance assessment | - | - | 15,369 | |
| Salary and employee benefits expense | - | - | 139,649 | |
| Technology, furniture and equipment expense | - | - | 33,777 | |
| Professional and legal fees | - | - | 17,579 | |
| Other | - | - | 31,063 | |
| Amortization of tax credit investments | - | - | 4,737 | |
| Amortization of other intangible assets | - | - | 8,761 | |
| Total non-interest expense | - | - | 276,465 | |
| Interest on long-term borrowings and junior subordinated debentures | - | - | 36,954 | |
| Interest on short-term borrowings | - | - | 5,512 | |
| Time | - | - | 161,241 | |
| Savings, now and money market | - | - | 228,491 | |
| Total interest expense | - | - | 432,197 | |
| Interest on federal funds sold and other short-term investments | - | - | 12,871 | |
| Dividends | - | - | 6,240 | |
| Tax-exempt | - | - | 4,813 | |
| Taxable | - | - | 45,485 | |
| Interest and fees on loans | - | - | 769,966 | |
| Total interest income | - | - | 839,374 | |
| Net interest income | - | - | 407,177 | |
| Provision for credit losses for loans | - | - | 77,347 | |
| (credit) provision for credit losses for available for sale and held to maturity securities | - | - | -139 | |
| Net interest income after provision for credit losses | - | - | 329,970 | |
| Income before income taxes | 209,955 | 173,091 | 109,630 | |
| Income tax expense | 46,600 | 39,924 | 14,562 | |
| Net income | 163,355 | 133,167 | 95,068 | |
| Dividends on preferred stock | 7,644 | 6,948 | 5,342 | |
| Net income available to common shareholders | 155,711 | 126,219 | 89,726 | |
| Basic (usd per share) | 0.28 | 0.23 | 0.175 | |
| Basic weighted average number of common shares outstanding (in shares) | 560,504,275 | 560,336,610 | 128,938,841.25 | |
| Diluted (usd per share) | 0.28 | 0.22 | 0.173 | |
| Diluted weighted average number of common shares outstanding (in shares) | 563,636,933 | 562,312,330 | 129,497,950.25 | |
VALLEY NATIONAL BANCORP (VLY)
VALLEY NATIONAL BANCORP (VLY)