For the year ending 2025-12-31, VLYPP made $74K in revenue. $569,002K in net income. Net profit margin of 768921.62%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Service charges on deposit accounts-Investment Advisory Management And Administrative Service | 63,436 | 62,616 | - | - |
| Service charges on deposit accounts-Deposit Account | 61,227 | 48,276 | - | - |
| Insurance commissions | 13,374 | 12,794 | - | - |
| Capital markets | 42,019 | 27,221 | - | - |
| Gains on securities transactions, net | 74 | 100 | - | - |
| Fees from loan servicing | 13,352 | 12,393 | - | - |
| Gains (losses) on sales of loans, net | 6,906 | -5,840 | - | - |
| Losses (gains) on sales of assets, net | -3 | 3,727 | - | - |
| Bank owned life insurance | 20,048 | 16,942 | - | - |
| Other | 41,693 | 46,272 | - | - |
| Total non-interest income | 262,126 | 224,501 | 225,729 | 206,793 |
| Interest and fees on loans | 2,881,290 | 3,079,864 | - | - |
| Taxable | 274,384 | 181,940 | - | - |
| Tax-exempt | 18,558 | 19,253 | - | - |
| Dividends | 21,405 | 24,958 | - | - |
| Interest on federal funds sold and other short-term investments | 36,847 | 51,482 | - | - |
| Total interest income | 3,232,484 | 3,357,497 | - | - |
| Savings, now and money market | 812,424 | 913,963 | - | - |
| Time | 504,158 | 644,964 | - | - |
| Interest on short-term borrowings | 5,739 | 22,047 | - | - |
| Interest on long-term borrowings and junior subordinated debentures | 146,519 | 147,815 | - | - |
| Total interest expense | 1,468,840 | 1,728,789 | - | - |
| Net interest income | 1,763,644 | 1,628,708 | - | - |
| Provision (credit) for credit losses for available for sale and held to maturity securities | 87 | -558 | - | - |
| Provision for credit losses for loans | 139,687 | 309,388 | - | - |
| Net interest income after provision for credit losses | 1,623,870 | 1,319,878 | 1,615,294 | 1,598,823 |
| Salary and employee benefits expense | 579,520 | 558,595 | - | - |
| Net occupancy expense | 102,294 | 102,124 | - | - |
| Technology, furniture and equipment expense | 123,876 | 135,109 | - | - |
| Fdic insurance assessment | 39,059 | 61,476 | - | - |
| Amortization of other intangible assets | 30,428 | 35,045 | - | - |
| Professional and legal fees | 86,747 | 70,315 | - | - |
| Loss on extinguishment of debt | -922 | - | - | - |
| Amortization of tax credit investments | 41,792 | 18,946 | - | - |
| Other | 137,488 | 124,250 | - | - |
| Total non-interest expense | 1,142,126 | 1,105,860 | 1,162,691 | 1,024,949 |
| Income before income taxes | 743,870 | 438,519 | 678,332 | 780,667 |
| Income tax expense | 145,887 | 58,248 | 179,821 | 211,816 |
| Net income | 597,983 | 380,271 | 498,511 | 568,851 |
| Dividends on preferred stock | 28,981 | 21,369 | 16,135 | 13,146 |
| Net income available to common shareholders | 569,002 | 358,902 | 482,376 | 555,705 |
| Basic EPS | 1.02 | 0.7 | 0.95 | 1.14 |
| Diluted EPS | 1.01 | 0.69 | 0.95 | 1.14 |
| Basic Average Shares | 559,637,823 | 515,755,365 | 507,532,365 | 485,434,918 |
| Diluted Average Shares | 563,832,550 | 517,991,801 | 509,245,768 | 487,817,710 |
VALLEY NATIONAL BANCORP (VLYPP)
VALLEY NATIONAL BANCORP (VLYPP)