VALLEY NATIONAL BANCORP
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 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 EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net income | $97,856 | $141,346 | $264,560 | $426,957 |
| Other comprehensive gain (loss), net of tax: | ||||
| Unrealized gains and losses on available for sale securities | ||||
| Net gains (losses) arising during the period | 48,023 | (37,115) | 32,218 | (37,996) |
| Less reclassification adjustment for net losses included in net income | 1 | 5 | 9 | 5 |
| Total | 48,024 | (37,110) | 32,227 | (37,991) |
| Unrealized gains and losses on derivatives (cash flow hedges) | ||||
| Net losses on derivatives arising during the period | — | — | — | (775) |
| Less reclassification adjustment for net (gains) losses included in net income | (219) | (43) | (651) | 852 |
| Total | (219) | (43) | (651) | 77 |
| Defined benefit pension and postretirement benefit plans | ||||
| Amortization of actuarial net loss | 36 | 8 | 108 | 24 |
| Total other comprehensive income (loss) | 47,841 | (37,145) | 31,684 | (37,890) |
| Total comprehensive income | $145,697 | $104,201 | $296,244 | $389,067 |
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