VALLEY NATIONAL BANCORP
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
VLY$14.31+0.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income for the and
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
(in thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net income | $96,280 | $146,551 |
| Other comprehensive (loss) income, net of tax: | ||
| Unrealized losses and gains on available for sale securities | ||
| Net (losses) gains arising during the period | (10,205) | 17,170 |
| Total | (10,205) | 17,170 |
| Unrealized gains and losses on derivatives (cash flow hedges) | ||
| Net gains on derivatives arising during the period | — | 2,798 |
| Less reclassification adjustment for net (gains) losses included in net income | (222) | 379 |
| Total | (222) | 3,177 |
| Defined benefit pension and postretirement benefit plans | ||
| Amortization of actuarial net loss | 35 | 8 |
| Total other comprehensive (loss) income | (10,392) | 20,355 |
| Total comprehensive income | $85,888 | $166,906 |
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