VALLEY NATIONAL BANCORP

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 27, 2026

VLY$14.31+0.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

	Years Ended December 31,
	2025	2024	2023
(in thousands, except for share data)
Interest Income
Interest and fees on loans	$2,881,290	$3,079,864	$2,886,930
Interest and dividends on investment securities:
Taxable	274,384	181,940	130,708
Tax-exempt	18,558	19,253	20,305
Dividends	21,405	24,958	24,139
Interest on federal funds sold and other short-term investments	36,847	51,482	76,809
Total interest income	3,232,484	3,357,497	3,138,891
Interest Expense
Interest on deposits:
Savings, NOW and money market	812,424	913,963	739,025
Time	504,158	644,964	535,749
Interest on short-term borrowings	5,739	22,047	94,869
Interest on long-term borrowings and junior subordinated debentures	146,519	147,815	103,770
Total interest expense	1,468,840	1,728,789	1,473,413
Net Interest Income	1,763,644	1,628,708	1,665,478
Provision (credit) for credit losses for available for sale and held to maturity securities	87	(558)	4,559
Provision for credit losses for loans	139,687	309,388	45,625
Net Interest Income After Provision for Credit Losses	1,623,870	1,319,878	1,615,294
Non-Interest Income
Wealth management and trust fees	63,436	62,616	44,158
Insurance commissions	13,374	12,794	11,116
Capital markets	42,019	27,221	41,489
Service charges on deposit accounts	61,227	48,276	41,306
Gains on securities transactions, net	74	100	1,104
Fees from loan servicing	13,352	12,393	10,670
Gains (losses) on sales of loans, net	6,906	(5,840)	6,054
(Losses) gains on sales of assets, net	(3)	3,727	6,809
Bank owned life insurance	20,048	16,942	11,843
Other	41,693	46,272	51,180
Total non-interest income	262,126	224,501	225,729
Non-Interest Expense
Salary and employee benefits expense	579,520	558,595	563,591
Net occupancy expense	102,294	102,124	101,470
Technology, furniture and equipment expense	123,876	135,109	150,708
FDIC insurance assessment	39,059	61,476	88,154
Amortization of other intangible assets	30,428	35,045	39,768
Professional and legal fees	86,747	70,315	80,567
Loss on extinguishment of debt	922	—	—
Amortization of tax credit investments	41,792	18,946	18,009
Other	137,488	124,250	120,424
Total non-interest expense	1,142,126	1,105,860	1,162,691
Income Before Income Taxes	743,870	438,519	678,332
Income tax expense	145,887	58,248	179,821
Net Income	597,983	380,271	498,511
Dividends on preferred stock	28,981	21,369	16,135
Net Income Available to Common Shareholders	$569,002	$358,902	$482,376
Earnings Per Common Share:
Basic	$1.02	$0.70	$0.95
Diluted	1.01	0.69	0.95

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.