VALLEY NATIONAL BANCORP
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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.
Sep 30, 2025 · Filed Nov 7, 2025
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 Income for the and
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
(in thousands, except for per share data)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Interest Income | ||||
| Interest and fees on loans | $733,191 | $786,680 | $2,157,082 | $2,329,197 |
| Interest and dividends on investment securities: | ||||
| Taxable | 70,211 | 49,700 | 201,273 | 125,957 |
| Tax-exempt | 4,611 | 4,855 | 13,994 | 14,450 |
| Dividends | 4,891 | 5,929 | 16,083 | 19,098 |
| Interest on federal funds sold and other short-term investments | 14,019 | 13,385 | 28,255 | 33,969 |
| Total interest income | 826,923 | 860,549 | 2,416,687 | 2,522,671 |
| Interest Expense | ||||
| Interest on deposits: | ||||
| Savings, NOW and money market | 210,921 | 235,371 | 614,532 | 699,474 |
| Time | 133,108 | 174,741 | 387,501 | 486,248 |
| Interest on short-term borrowings | 555 | 451 | 5,237 | 21,754 |
| Interest on long-term borrowings and junior subordinated debentures | 36,115 | 39,488 | 110,680 | 109,464 |
| Total interest expense | 380,699 | 450,051 | 1,117,950 | 1,316,940 |
| Net Interest Income | 446,224 | 410,498 | 1,298,737 | 1,205,731 |
| Provision (credit) for credit losses for available for sale and held to maturity securities | — | (14) | (10) | (129) |
| Provision for credit losses for loans | 19,171 | 75,038 | 119,641 | 202,423 |
| Net Interest Income After Provision for Credit Losses | 427,053 | 335,474 | 1,179,106 | 1,003,437 |
| Non-Interest Income | ||||
| Wealth management and trust fees | 16,134 | 15,125 | 45,221 | 46,191 |
| Insurance commissions | 2,914 | 2,880 | 9,746 | 9,089 |
| Capital markets | 9,814 | 6,347 | 26,521 | 19,796 |
| Service charges on deposit accounts | 16,764 | 12,826 | 44,195 | 35,287 |
| Gains on securities transactions, net | 28 | 47 | 73 | 99 |
| Fees from loan servicing | 3,405 | 3,443 | 10,291 | 9,322 |
| Gains (losses) on sales of loans, net | 740 | (3,644) | 4,962 | (1,142) |
| Bank owned life insurance | 4,657 | 5,387 | 15,453 | 13,167 |
| Other | 10,431 | 18,260 | 29,323 | 41,490 |
| Total non-interest income | 64,887 | 60,671 | 185,785 | 173,299 |
| Non-Interest Expense | ||||
| Salary and employee benefits expense | 146,820 | 138,832 | 434,860 | 421,478 |
| Net occupancy expense | 24,865 | 26,973 | 76,236 | 75,548 |
| Technology, furniture and equipment expense | 30,708 | 28,962 | 91,271 | 99,627 |
| FDIC insurance assessment | 8,357 | 14,792 | 33,416 | 47,474 |
| Amortization of other intangible assets | 7,544 | 8,692 | 22,990 | 26,672 |
| Professional and legal fees | 24,261 | 14,118 | 59,901 | 48,521 |
| Loss on extinguishment of debt | — | — | 922 | — |
| Amortization of tax credit investments | 8,147 | 5,853 | 26,601 | 17,206 |
| Other | 31,283 | 31,249 | 96,528 | 90,752 |
| Total non-interest expense | 281,985 | 269,471 | 842,725 | 827,278 |
| Income Before Income Taxes | 209,955 | 126,674 | 522,166 | 349,458 |
| Income tax expense | 46,600 | 28,818 | 119,586 | 84,898 |
| Net Income | 163,355 | 97,856 | 402,580 | 264,560 |
| Dividends on preferred stock | 7,644 | 6,117 | 21,547 | 14,344 |
| Net Income Available to Common Shareholders | $155,711 | $91,739 | $381,033 | $250,216 |
| Earnings Per Common Share: | ||||
| Basic | $0.28 | $0.18 | $0.68 | $0.49 |
| Diluted | 0.28 | 0.18 | 0.68 | 0.49 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.