VALLEY NATIONAL BANCORP VLY
Founded in 1927, Valley National Bancorp, is a registered bank holding company and financial holding company with the Federal Reserve under the BHC Act, headquartered in Morristown, New Jersey. At December 31, 2025, Valley had consolidated total assets of $64.1 billion, total net loans of $49.6 billion, total deposits of $52.2 billion and total shareholders' equity of $7.8 billion.
Valley's principal subsidiary, Valley National Bank (commonly referred to as the "Bank" in this Report), has been chartered as a national banking association under the laws of the United States since 1927 and currently has 230 branch offices located in New Jersey, New York, Florida, Alabama, California, and Illinois. Valley, through the Bank and its subsidiaries, offers a full suite of national and regional banking solutions through various commercial, private banking, retail, insurance and wealth management financial services products. Valley provides personalized service and customized solutions to assist its customers with their financial service needs. Our solutions include, but are not limited to, traditional consumer and commercial deposit and lending products, commercial real estate financing, asset-based loans, small business loans, equipment financing, insurance and wealth management solutions, and personal financing solutions, such as residential mortgages, home equity loans and automobile financing. Valley also offers niche financial services, including loan and deposit products for homeowners associations, cannabis-related business banking and venture banking, which we offer nationally.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.23B | $3.36B | $3.14B | $1.98B | $1.33B | $1.38B | $1.32B | $1.16B | $834.2M | $761.9M |
| Interest expense | $1.76B | $1.63B | $1.67B | $1.66B | $124.3M | $264.8M | $423.0M | $302.0M | $174.1M | $148.8M |
| Pre-tax income | $743.9M | $438.5M | $678.3M | $780.7M | $640.7M | $530.1M | $456.8M | $329.7M | $252.7M | $233.4M |
| Income tax | $145.9M | $58.2M | $179.8M | $211.8M | $166.9M | $139.5M | $147.0M | $68.3M | $90.8M | $65.2M |
| Net income | $598.0M | $380.3M | $498.5M | $568.9M | $473.8M | $390.6M | $309.8M | $261.4M | $161.9M | $168.1M |
| EPS, basic | 1.02 | 0.70 | 0.95 | 1.14 | 1.13 | 0.94 | 0.88 | 0.75 | 0.58 | 0.63 |
| EPS, diluted | 1.01 | 0.69 | 0.95 | 1.14 | 1.12 | 0.93 | 0.87 | 0.75 | 0.58 | 0.63 |
| Shares, diluted (wtd. avg.) | $563.8M | $518.0M | $509.2M | $487.8M | $410.0M | $405.0M | $340.1M | $332.7M | $264.9M | $255.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.58B | $1.89B | $891.2M | $947.9M | $2.05B | $1.33B | $434.7M | $428.6M | $416.1M | $392.5M |
| Property, plant and equipment | $330.8M | $350.8M | $381.1M | $358.6M | $326.3M | $319.8M | $334.5M | $341.6M | $287.7M | $291.2M |
| Goodwill | $1.87B | $1.87B | $1.87B | $1.87B | $1.46B | $1.38B | $1.37B | $1.08B | $690.6M | $690.6M |
| Other intangibles | $100.9M | $128.7M | $160.3M | $197.5M | $70.4M | $70.4M | $86.8M | $77.0M | $42.5M | $45.5M |
| Total assets | $64.13B | $62.49B | $60.93B | $57.46B | $43.45B | $40.69B | $37.44B | $31.86B | $24.00B | $22.86B |
| Short-term debt | $91.5M | $72.7M | $917.8M | $138.7M | $655.7M | $1.15B | $1.09B | $2.12B | $748.6M | $1.08B |
| Long-term debt | — | — | — | — | — | — | — | $1.65B | $2.32B | $1.43B |
| Total liabilities | $56.33B | $55.06B | $54.23B | $51.06B | $38.36B | $36.09B | $33.05B | $28.51B | $21.47B | $20.49B |
| Retained earnings | $1.91B | $1.60B | $1.47B | $1.22B | $883.6M | $611.2M | $443.6M | $299.6M | $216.7M | $172.8M |
| Total equity | $7.81B | $7.44B | $6.70B | $6.40B | $5.08B | $4.59B | $4.38B | $3.35B | $2.53B | $2.38B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $343.8M | $548.5M | $378.2M | $1.43B | $837.1M | $163.6M | $261.9M | $304.0M | $619.2M | $419.2M |
| Depreciation and amortisation | $38.1M | $43.7M | $43.4M | $41.2M | $28.8M | $30.6M | $29.4M | $27.6M | $24.8M | $24.4M |
| Stock-based compensation | $27.3M | $29.0M | $33.1M | $28.8M | $20.9M | $16.2M | $14.7M | $19.5M | $12.2M | $10.0M |
| Capital expenditure | $18.1M | $16.1M | $76.0M | $68.9M | $39.4M | $24.6M | $23.4M | $26.4M | $18.1M | $20.7M |
| Investing cash flow | -$2.16B | -$709.3M | -$3.35B | -$6.79B | -$1.08B | -$2.04B | -$897.3M | -$2.84B | -$1.55B | -$1.53B |
| Financing cash flow | $1.51B | $1.16B | $2.91B | $4.26B | $964.4M | $2.77B | $641.5M | $2.55B | $951.9M | $1.09B |
| Dividends paid | $248.9M | $228.2M | $225.4M | $206.0M | $179.7M | $178.0M | $146.5M | $138.9M | $115.9M | $111.8M |
| Buybacks | $63.0M | $0 | $2.1M | $24.1M | $23.9M | $5.4M | $1.8M | $3.8M | $2.6M | $3.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000714310-26-000017.
Others in SIC 6021
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO | $953.33B | 17.9x | 2.8% |
| BAC | BANK OF AMERICA CORP /DE/ | $438.31B | 16.5x | 6.8% |
| WFC | WELLS FARGO & COMPANY/MN | $272.07B | 14.4x | -3.8% |
| C | CITIGROUP INC | $240.92B | 19.7x | 5.6% |
| COF | CAPITAL ONE FINANCIAL CORP | $136.66B | 54.5x | 36.3% |
| USB | US BANCORP \DE\ | $98.73B | 13.7x | 4.4% |
| PNC | PNC FINANCIAL SERVICES GROUP, INC. | $97.98B | 14.8x | 7.2% |
| TFC | TRUIST FINANCIAL CORP | $63.10B | 13.5x | -2.1% |