| Balance Sheets | 2025-09-30 | |||
|---|---|---|---|---|
| Cash and due from banks | 376,216 | |||
| Interest bearing deposits with banks | 994,224 | |||
| Equity securities | 78,296 | |||
| Available for sale debt securities | 4,117,121 | |||
| Held to maturity debt securities (net of allowance for credit losses of 637 at september30, 2025 and 647 at december31, 2024) | 3,540,819 | |||
| Total investment securities | 7,736,236 | |||
| Loans held for sale (includes fair value of 5,405 at september30, 2025 and 16,931 at december31, 2024 for loans originated for sale) | 18,092 | |||
| Individually evaluated for credit losses | 411,599 | |||
| Collectively evaluated for credit losses | 48,861,224 | |||
| Loans | 49,272,823 | |||
| Individually evaluated for credit losses | 61,099 | |||
| Collectively evaluated for credit losses | 523,901 | |||
| Less allowance for loan losses | 585,000 | |||
| Net loans | 48,687,823 | |||
| Premises and equipment, net | 331,134 | |||
| Lease right of use assets | 318,373 | |||
| Bank owned life insurance | 739,684 | |||
| Accrued interest receivable | 242,861 | |||
| Goodwill | 1,868,936 | |||
| Other intangible assets, net | 107,658 | |||
| Other assets | 1,597,377 | |||
| Total assets | 63,018,614 | |||
| Non-interest bearing | 11,659,725 | |||
| Savings, now and money market | 27,245,966 | |||
| Time | 12,270,067 | |||
| Total deposits | 51,175,758 | |||
| Short-term borrowings | 51,052 | |||
| Long-term borrowings | 2,905,898 | |||
| Junior subordinated debentures issued to capital trusts | 57,716 | |||
| Lease liabilities | 377,854 | |||
| Accrued expenses and other liabilities | 754,962 | |||
| Total liabilities | 55,323,240 | |||
| Preferred stock, no par value 50,000,000 authorized shares-Series APreferred Stock | 111,590 | |||
| Preferred stock, no par value 50,000,000 authorized shares-Series BPreferred Stock | 98,101 | |||
| Preferred stock, no par value 50,000,000 authorized shares-Series CPreferred Stock | 144,654 | |||
| Common stock (no par value, authorized 650,000,000 shares issued 560,878,750 shares at september30, 2025 and 558,786,093 shares at december31, 2024) | 196,731 | |||
| Surplus | 5,456,944 | |||
| Retained earnings | 1,787,141 | |||
| Accumulated other comprehensive loss | -98,802 | |||
| Treasury stock, at cost (94,398 common shares at september30, 2025) | 985 | |||
| Total shareholders equity | 7,695,374 | |||
| Total liabilities and shareholders equity | 63,018,614 | |||
VALLEY NATIONAL BANCORP (VLYPP)
VALLEY NATIONAL BANCORP (VLYPP)