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Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; automobile financing; and secured and unsecured other consumer loans. It also invests in various securities and interest-bearing deposits with other banks; and provides international banking services, such as standby and documentary letters of credit, and related products, as well as foreign exchange transactions, documentary collections, and foreign wire transfers services. In addition, the company offers investment services for individuals and small to medium sized businesses; and trusts investment strategies designed for various investment profiles and objectives. Further, it provides trust services, such as living and testamentary trusts, investment management, custodial and escrow services, and estate administration to individuals; tax credit advisory services; brokerage services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as owns real estate related investments. Additionally, the company offers online, mobile, and telephone banking services; receivable, payment, and security solution, merchant, payroll processing, and liquidity services; credit cards; and drive-in and night deposit, automated teller machine, remote deposit capture, and safe deposit facility services. Valley National Bancorp was founded in 1927 and is headquartered in Morristown, New Jersey.
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| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Income before tax | 678.33M | 780.67M | 640.74M | 530.07M | 456.80M |
| Net income | 498.51M | 568.85M | 473.84M | 390.61M | 309.79M |
| Selling general administrative | 591.48M | 549.57M | 390.05M | 352.17M | 349.14M |
| Gross profit | 3357.81M | 1861.95M | 1365.18M | 1301.30M | 1112.57M |
| Reconciled depreciation | 116.33M | 37.83M | 21.83M | 82.26M | 71.40M |
| Ebit | -43.45M | 1101.71M | 640.74M | 530.07M | 456.80M |
| Ebitda | 39.77M | 1139.54M | 662.57M | 554.71M | 474.88M |
| Depreciation and amortization | 83.22M | 37.83M | 21.83M | 24.64M | 18.08M |
| Operating income | -43.45M | 1101.71M | 640.74M | 530.07M | 456.80M |
| Other operating expenses | 2836.76M | 82.62M | 724.44M | 771.24M | 655.77M |
| Interest expense | 198.64M | 321.04M | 124.33M | 264.81M | 422.95M |
| Tax provision | 229.96M | 211.82M | 166.90M | 139.46M | 147.00M |
| Interest income | 2967.26M | 1976.68M | 1326.87M | 1372.08M | 1308.98M |
| Net interest income | 1734.02M | 1655.64M | 1202.54M | 1107.26M | 886.02M |
| Income tax expense | 179.82M | 211.82M | 166.90M | 139.46M | 147.00M |
| Total revenue | 3361.11M | 1861.95M | 1365.18M | 1301.30M | 1112.57M |
| Total operating expenses | 495.66M | 82.62M | -724.44M | -771.24M | -655.77M |
| Cost of revenue | 3.30M | - | - | - | - |
| Total other income expense net | 678.33M | -321.04M | 640.74M | 530.07M | 456.80M |
| Net income from continuing ops | 604.55M | 568.85M | 473.84M | 390.61M | 309.79M |
| Net income applicable to common shares | - | 555.71M | 461.15M | 377.92M | 297.11M |
| Preferred stock and other adjustments | - | 13.15M | 12.69M | 12.69M | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 61055.29M | 57462.75M | 43446.44M | 40686.08M | 37453.42M |
| Intangible assets | 160.33M | 197.46M | 70.39M | 70.45M | 86.77M |
| Earning assets | - | - | - | - | 4198.84M |
| Other current assets | 1142.21M | 1160.21M | 2190.12M | 1443.89M | 549.74M |
| Total liab | 54353.89M | 51061.95M | 38362.38M | 36093.96M | 33069.23M |
| Total stockholder equity | 6701.39M | 6400.80M | 5084.07M | 4592.12M | 4384.19M |
| Other current liab | 11698.98M | 358.88M | -655.73M | -1147.96M | -1093.28M |
| Common stock | 178.19M | 178.19M | 148.48M | 141.75M | 141.42M |
| Capital stock | 387.88M | 387.88M | 358.17M | 351.44M | 351.11M |
| Retained earnings | 1471.37M | 1218.44M | 883.64M | 611.16M | 443.56M |
| Other liab | - | 2.44M | 2.66M | 2.78M | 4.28M |
| Good will | 1868.94M | 1868.94M | 1459.01M | 1382.44M | 1373.62M |
| Other assets | - | 52325.50M | 34185.07M | 32345.99M | 29321.93M |
| Cash | 891.23M | 947.95M | 2049.92M | 1329.20M | 434.69M |
| Total current liabilities | 12826.14M | 497.61M | 655.73M | 1147.96M | 1093.28M |
| Net debt | 2815.87M | 1149.48M | 369.00M | 2447.16M | 3146.59M |
| Short term debt | 1127.16M | 138.73M | 655.73M | 1147.96M | 1093.28M |
| Short long term debt | 850.00M | 138.73M | 655.73M | 1147.96M | 940.00M |
| Short long term debt total | 3707.10M | 2097.43M | 2418.92M | 3776.36M | 3581.27M |
| Other stockholder equity | 4988.60M | 4958.48M | 3860.18M | 3637.24M | 3621.73M |
| Property plant equipment | - | 358.56M | 585.42M | 319.80M | 619.66M |
| Total current assets | 1142.21M | 2405.95M | 3275.61M | 2774.91M | 2107.12M |
| Long term investments | 5104.22M | 5150.90M | 3870.94M | 407.66M | 3944.31M |
| Net tangible assets | - | 4124.72M | 3344.98M | 2929.54M | 2738.78M |
| Short term investments | 28.67M | 1261.40M | 1128.81M | 1339.47M | 1566.80M |
| Net receivables | 245.50M | 196.61M | 96.88M | 106.23M | 105.64M |
| Long term debt | 2385.48M | 1599.82M | 1480.09M | 56.06M | 1828.14M |
| Inventory | 38.59M | -1160.21M | -2190.12M | -1443.89M | -549.74M |
| Accounts payable | - | 1327.60M | 35632.41M | 381.99M | 29185.84M |
| Accumulated other comprehensive income | -146.46M | -164.00M | -17.93M | -7.72M | -32.21M |
| Common stock total equity | - | 178.19M | 148.48M | 141.75M | 141.42M |
| Preferred stock total equity | - | 209.69M | 209.69M | 209.69M | - |
| Retained earnings total equity | - | 1218.44M | 883.64M | 611.16M | - |
| Treasury stock | - | -21.75M | -22.86M | -0.23M | -0.48M |
| Non currrent assets other | 55279.18M | -5466.26M | -161.81M | -170.24M | -154.28M |
| Non current assets total | 59913.07M | 2731.30M | 5985.76M | 5565.18M | 6024.36M |
| Capital lease obligations | 403.78M | 358.88M | 283.11M | 276.68M | 309.85M |
| Long term debt total | - | 56.76M | 56.41M | 56.06M | 699.92M |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Investments | -5100.59M | -7047.81M | -344.58M | -2067.31M | 290.10M |
| Change to liabilities | - | 874.88M | -63.65M | 58.23M | 0.00M |
| Total cashflows from investing activities | - | -6787.78M | -1080.78M | -2037.66M | -897.32M |
| Net borrowings | - | -473.28M | -1364.78M | 225.33M | -976.13M |
| Total cash from financing activities | 2914.59M | 4257.33M | 964.35M | 2780.66M | 673.45M |
| Change to operating activities | - | 578.24M | 46.37M | -263.61M | -113.68M |
| Net income | 498.51M | 568.85M | 473.84M | 390.61M | 309.79M |
| Change in cash | -56.72M | -1101.97M | 720.72M | 894.52M | 6.06M |
| Begin period cash flow | 947.95M | 2049.92M | 1329.20M | 434.69M | 428.63M |
| End period cash flow | 891.23M | 947.95M | 2049.92M | 1329.20M | 434.69M |
| Total cash from operating activities | 367.84M | 1428.48M | 837.14M | 151.53M | 1463.95M |
| Issuance of capital stock | 3.81M | 0.12M | 11.24M | 2.20M | 2.96M |
| Depreciation | 83.22M | 110.53M | 76.76M | 82.26M | 71.40M |
| Other cashflows from investing activities | - | 328.96M | 5.13M | 54.26M | 9.56M |
| Dividends paid | 239.75M | 219.15M | 192.35M | 190.65M | 159.22M |
| Change to account receivables | -48.89M | -74.01M | 11.53M | -0.59M | 1.44M |
| Sale purchase of stock | -11.47M | -24.12M | -23.91M | -5.37M | -1.80M |
| Other cashflows from financing activities | 4717.72M | 4500.48M | 2337.84M | 3642.22M | 1721.52M |
| Change to netincome | - | 143.43M | 265.90M | -230.74M | -39.06M |
| Capital expenditures | 76.05M | 125.84M | 1062.94M | 24.61M | 2453.24M |
| Change receivables | - | -74.01M | 11.53M | -0.59M | - |
| Cash flows other operating | - | -205.86M | 111.59M | -186.56M | - |
| Cash and cash equivalents changes | - | -1101.97M | 720.72M | 894.52M | - |
| Change in working capital | -265.36M | 528.93M | 19.77M | -264.20M | -112.24M |
| Stock based compensation | 33.10M | 28.79M | 20.89M | 16.15M | 14.73M |
| Other non cash items | 27.73M | 183.89M | 219.06M | -68.23M | 1165.05M |
| Free cash flow | 291.79M | 1428.48M | -225.80M | 151.53M | -989.29M |
Sector: Financial Services Industry: Banks - Regional
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
|---|---|---|---|---|---|---|
| VLYPO Valley National Bancorp B Pref |
-0.06 0.25% |
24.15 | 21.77 | - | 1.72 | - |
| DBSDY DBS Group Holdings Ltd ADR |
-6.82 3.06% |
215.88 | 20.00 | 17.57 | 7.54 | 3.17 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% |
6.66 | 7.70 | 7.10 | 0.55 | 0.83 |
| CIHKY China Merchants Bank Co Ltd |
0.02 0.06% |
34.57 | 7.79 | 7.20 | 0.55 | 0.85 |
| UNCFF UniCredit SpA |
-0.81 0.94% |
85.79 | 11.53 | 10.27 | 5.72 | 1.83 |
Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; automobile financing; and secured and unsecured other consumer loans. It also invests in various securities and interest-bearing deposits with other banks; and provides international banking services, such as standby and documentary letters of credit, and related products, as well as foreign exchange transactions, documentary collections, and foreign wire transfers services. In addition, the company offers investment services for individuals and small to medium sized businesses; and trusts investment strategies designed for various investment profiles and objectives. Further, it provides trust services, such as living and testamentary trusts, investment management, custodial and escrow services, and estate administration to individuals; tax credit advisory services; brokerage services; property and casualty, life, health, and title insurance agency services; and health care equipment lending and other commercial equipment leasing services, as well as owns real estate related investments. Additionally, the company offers online, mobile, and telephone banking services; receivable, payment, and security solution, merchant, payroll processing, and liquidity services; credit cards; and drive-in and night deposit, automated teller machine, remote deposit capture, and safe deposit facility services. Valley National Bancorp was founded in 1927 and is headquartered in Morristown, New Jersey.
70 Speedwell Avenue, Morristown, NJ, United States, 07960
(800) 522-4100
3749
| Name | Title | Year Born |
|---|---|---|
| Mr. Ira D. Robbins | Chairman & CEO | 1975 |
| Mr. Thomas A. Iadanza | President & Chief Banking Officer | 1959 |
| Mr. Michael D. Hagedorn | Senior EVP & CFO | 1967 |
| Mr. Joseph V. Chillura | Senior Executive Vice President of Commercial Banking | 1967 |
| Mr. Raja A. Dakkuri | Senior EVP & Chief Risk Officer | 1971 |
| Mr. Russell Barrett | Senior EVP & COO | 1976 |
| Mr. Mitchell L. Crandell | Executive VP & Chief Accounting Officer | 1971 |
| Mr. Travis P. Lan | Head of Investor Relations | NA |
| Mr. Ronald H. Janis | Senior EVP, Corporate Secretary & General Counsel | 1949 |
| Mr. Marc Piro | Senior VP, Head of Content, Creative & Public Relations | NA |
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