VALLEY NATIONAL BANCORP
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Aug 8, 2024
VLY$14.31+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income for the and
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
(in thousands)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income | $70,424 | $139,060 | $166,704 | $285,611 |
| Other comprehensive loss, net of tax: | ||||
| Unrealized losses and gains on available for sale securities | ||||
| Net losses arising during the period | (5,600) | (18,051) | (15,805) | (881) |
| Less reclassification adjustment for net losses included in net income | 8 | — | 8 | — |
| Total | (5,592) | (18,051) | (15,797) | (881) |
| Unrealized gains and losses on derivatives (cash flow hedges) | ||||
| Net losses on derivatives arising during the period | — | (3,573) | — | (775) |
| Less reclassification adjustment for net (gains) losses included in net income | (210) | 516 | (432) | 895 |
| Total | (210) | (3,057) | (432) | 120 |
| Defined benefit pension and postretirement benefit plans | ||||
| Amortization of actuarial net loss | 37 | 8 | 72 | 16 |
| Total other comprehensive loss | (5,765) | (21,100) | (16,157) | (745) |
| Total comprehensive income | $64,659 | $117,960 | $150,547 | $284,866 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.