Valley National Bancorp (VLY)
Regional bank pairing commercial lending and treasury services with consumer and wealth banking.
$13.14
After hours+0.02 (+0.15%)
At close$13.12(−2.09%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 865 | 871 | 887 | 885 | 914 | 886 | 843 | 868 | 892 | 892 | 872 | 326 |
| Cost of revenue | 410 | 442 | 480 | 514 | 525 | 519 | 427 | 410 | 400 | 371 | 352 | 352 |
| Gross profit | 455 | 429 | 406 | 371 | 389 | 368 | 416 | 457 | 492 | 521 | 519 | −26 |
| 260 | 340 | 277 | 277 | 262 | 279 | 277 | 284 | 282 | 299 | 310 | 183 | |
| 146 | 147 | 152 | 154 | 154 | 150 | 155 | 158 | 155 | 203 | 183 | 183 | |
| General & administrative | 146 | 147 | 152 | 154 | 154 | 150 | 155 | 158 | 155 | 203 | 183 | 183 |
| Other expenses | 114 | 194 | 125 | 124 | 109 | 129 | 121 | 127 | 127 | 96 | 127 | 0 |
| Operating income | 195 | 89 | 129 | 93 | 127 | 89 | 139 | 173 | 210 | 222 | 209 | −209 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 430 | |
| Interest income | 813 | 818 | 829 | 833 | 861 | 835 | 785 | 805 | 827 | 816 | 803 | −803 |
| Interest expense | 401 | 421 | 435 | 432 | 450 | 412 | 365 | 373 | 381 | 351 | 331 | 290 |
| Income before tax | 195 | 89 | 129 | 93 | 127 | 89 | 139 | 173 | 210 | 222 | 209 | 220 |
| Income tax expense | 53 | 17 | 33 | 23 | 29 | −27 | 33 | 40 | 47 | 26 | 45 | 50 |
| Net income from continuing operations | 141 | 72 | 96 | 70 | 98 | 116 | 106 | 133 | 163 | 195 | 164 | 171 |
| Net income | 141 | 72 | 96 | 70 | 98 | 116 | 106 | 133 | 163 | 195 | 164 | 171 |
| EPS, basic | $0.27 | $0.13 | $0.18 | $0.13 | $0.18 | $0.20 | $0.18 | $0.23 | $0.28 | $0.34 | $0.28 | $0.31 |
| EPS, diluted | $0.27 | $0.13 | $0.18 | $0.13 | $0.18 | $0.20 | $0.18 | $0.22 | $0.28 | $0.33 | $0.28 | $0.31 |
| Weighted average shares, basic | 508 | 508 | 508 | 509 | 509 | 536 | 560 | 560 | 560 | 558 | 556 | 555 |
| Weighted average shares, diluted | 509 | 510 | 511 | 510 | 511 | 540 | 563 | 563 | 564 | 562 | 559 | 558 |
| EBITDA | 215 | 110 | 150 | 113 | 145 | 110 | 157 | 191 | 226 | 239 | 225 | −225 |
| Depreciation & amortization | 20 | 21 | 20 | 19 | 18 | 21 | 18 | 17 | 16 | 17 | 16 | −16 |
| EBIT | 195 | 89 | 129 | 93 | 127 | 89 | 139 | 173 | 210 | 222 | 209 | −209 |