VALLEY NATIONAL BANCORP
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
VLY$14.31+0.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (in thousands) | |||
| Net income | $380,271 | $498,511 | $568,851 |
| Other comprehensive (loss) income, net of tax: | |||
| Unrealized losses and gains on available for sale debt securities | |||
| Net (losses) gains arising during the period | (18,397) | 12,950 | (136,981) |
| Amounts reclassified to earnings | 1 | (634) | (23) |
| Total | (18,396) | 12,316 | (137,004) |
| Unrealized gains and losses on derivatives (cash flow hedges) | |||
| Net (losses) gains on derivatives arising during the period | — | (757) | 3,362 |
| Amounts reclassified to earnings | (869) | 638 | 203 |
| Total | (869) | (119) | 3,565 |
| Defined benefit pension and postretirement benefit plans | |||
| Net gains (losses) arising during the period | 10,609 | 5,442 | (13,175) |
| Amortization of prior service cost | (97) | (90) | (100) |
| Amortization of actuarial net (losses) gains | (125) | (3) | 644 |
| Total | 10,387 | 5,349 | (12,631) |
| Total other comprehensive (loss) income | (8,878) | 17,546 | (146,070) |
| Total comprehensive income | $371,393 | $516,057 | $422,781 |
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