Valley National Bancorp
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Valley National Bancorp's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 2% to $1,823,014,000. Profit margin reached 27%. Total operating expenses were $868,727,000.
Profit Margin
| 2014 | 552.37M | 116.17M | 21.03% |
|---|---|---|---|
| 2015 | 634.07M | 102.95M | 16.24% |
| 2016 | 721.37M | 168.14M | 23.31% |
| 2017 | 771.75M | 161.90M | 20.98% |
| 2018 | 991.25M | 261.42M | 26.37% |
| 2019 | 1.11B | 309.79M | 27.84% |
| 2020 | 1.30B | 390.60M | 30.02% |
| 2021 | 1.36B | 473.84M | 34.71% |
| 2022 | 1.86B | 568.85M | 30.55% |
| 2023 | 1.82B | 498.51M | 27.35% |
VLYPO Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.82B | 1.86B | 1.36B | 1.30B | 1.11B | 991.25M | 771.75M | 721.37M | 634.07M | 552.37M |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 1.82B | 1.86B | 1.36B | 1.30B | 1.11B | 991.25M | 771.75M | 721.37M | 634.07M | 552.37M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 791.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.25M | 4.66M |
Total operating expenses | 868.72M | 82.61M | -724.43M | -771.23M | -655.77M | -359.51M | -320.06M | -314.78M | -329.34M | -223.82M |
Operating income | 689.19M | 1.10B | 640.73M | 530.06M | 456.79M | 631.73M | 451.69M | 406.58M | 304.73M | 328.54M |
Other income (expenses), net | -10.86M | -321.04M | 640.73M | -110.88M | 456.79M | -302.04M | -75.99M | -173.20M | -132.27M | -87.22M |
Income before tax | 678.33M | 780.66M | 640.73M | 530.06M | 456.79M | 329.69M | 252.73M | 233.38M | 126.89M | 147.23M |
Income tax expense | 179.82M | 211.81M | 166.89M | 139.46M | 147.00M | 68.26M | 90.83M | 65.23M | 23.93M | 31.06M |
Net income | 498.51M | 568.85M | 473.84M | 390.60M | 309.79M | 261.42M | 161.90M | 168.14M | 102.95M | 116.17M |
Earnings per share | ||||||||||
Basic EPS | 0.95 | 1.14 | 1.13 | 0.94 | 0.88 | 0.79 | 0.58 | 0.63 | 0.42 | 0.56 |
Diluted EPS | 0.95 | 1.14 | 1.12 | 0.93 | 0.87 | 0.79 | 0.58 | 0.63 | 0.42 | 0.56 |
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