VLY

MKT CAP:$7B

Valley National Bancorp

Market Cap

$7B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$13.25+$1.56 (+13.34%)

Apr 22, 2026

Company Details

Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. It operates through Commercial Lending, Consumer Lendin...

CEO

Travis Lan

IPO Date

Mar 23, 1990

Website

www.valley.com

Key Metrics TTM

Revenue

$3.2B

-9.5% YoY

Net Income

$656M

EPS (Diluted)

$1.12

Free Cash Flow

$329M

Revenue / Share

$5.71

Gross Margin

46.1%

Operating Margin

25.5%

Net Margin

20.5%

FCF Margin

10.3%

P/S

2.3x

P/E

11.3x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$540M-35.9%EPS $0.29

FY 2025

Feb 27, 2026

$3.5B-2.2%EPS $1.01

Q4 2025

Feb 27, 2026

$892M+0.6%EPS $0.33

Q3 2025

Nov 7, 2025

$892M-2.4%EPS $0.28

Q2 2025

Aug 7, 2025

$868M-1.9%EPS $0.22

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$511M	$433M	$133M
Q3 22	$593M	$508M	$247M
Q4 22	$699M	$511M	$245M
Q1 23	$770M	$476M	$204M
Q2 23	$848M	$474M	$191M
Q3 23	$865M	$455M	$195M
Q4 23	$871M	$429M	$89M
Q1 24	$887M	$406M	$129M
Q2 24	$885M	$371M	$93M
Q3 24	$914M	$389M	$127M
Q4 24	$886M	$368M	$89M
Q1 25	$843M	$416M	$139M
Q2 25	$868M	$457M	$173M
Q3 25	$892M	$492M	$210M
Q4 25	$892M	$521M	$222M
Q1 26	$540M	$0	$209M

Valuation

Quarter	P/S	P/E
Q2 22	3.3x	12.0x
Q3 22	3.0x	11.2x
Q4 22	2.6x	9.9x
Q1 23	1.8x	7.7x
Q2 23	1.4x	6.3x
Q3 23	1.3x	7.0x
Q4 23	1.6x	10.9x
Q1 24	1.2x	9.0x
Q2 24	1.0x	9.2x
Q3 24	1.4x	14.5x
Q4 24	1.4x	12.9x
Q1 25	1.4x	12.8x
Q2 25	1.4x	11.0x
Q3 25	1.7x	11.4x
Q4 25	1.9x	11.1x
Q1 26	2.1x	10.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$496M	$496M
Q2 22	$310M	$310M
Q3 22	$425M	$425M
Q4 22	$198M	$198M
Q1 23	-$270M	-$270M
Q2 23	$552M	$552M
Q3 23	$374M	$374M
Q4 23	-$279M	-$279M
Q1 24	$100M	$100M
Q2 24	$214M	$214M
Q3 24	-$157M	-$157M
Q4 24	$392M	$392M
Q1 25	-$17M	-$17M
Q2 25	$159M	$159M
Q3 25	$5M	-$758.0K
Q4 25	$197M	$188M

Capital Expenditures

Quarter	CapEx
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q4 22	$0
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$0
Q1 24	$0
Q2 24	$0
Q3 24	$0
Q4 24	$0
Q1 25	$0
Q2 25	$0
Q3 25	$6M
Q4 25	$9M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+35.7%	+77.2%
Q3 22	+59.7%	+67.9%
Q4 22	+85.0%	+105.7%
Q1 23	+102.7%	+153.0%
Q2 23	+65.9%	+73.7%
Q3 23	+45.9%	+93.6%
Q4 23	+24.5%	+72.2%
Q1 24	+15.2%	+33.8%
Q2 24	+4.4%	+20.5%
Q3 24	+5.7%	+17.5%
Q4 24	+1.8%	+2.0%
Q1 25	-4.9%	-7.0%
Q2 25	-1.9%	-12.2%
Q3 25	-2.4%	-13.4%
Q4 25	+0.6%	-15.9%
Q1 26	-35.9%	-53.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$7M	1.9%
Q2 22	$6M	1.2%
Q3 22	$8M	1.3%
Q4 22	$8M	1.1%
Q1 23	$8M	1.1%
Q2 23	$9M	1.0%
Q3 23	$9M	1.0%
Q4 23	$8M	0.9%
Q1 24	$8M	0.9%
Q2 24	$8M	0.9%
Q3 24	$7M	0.8%
Q4 24	$6M	0.7%
Q1 25	$7M	0.8%
Q2 25	$7M	0.8%
Q3 25	$4M	0.5%
Q4 25	$9M	1.0%

OpEx Breakdown

Quarter	G&A
Q2 22	$106M
Q3 22	$136M
Q4 22	$136M
Q1 23	$154M
Q2 23	$160M
Q3 23	$146M
Q4 23	$147M
Q1 24	$152M
Q2 24	$154M
Q3 24	$154M
Q4 24	$150M
Q1 25	$155M
Q2 25	$158M
Q3 25	$155M
Q4 25	$203M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$1.4B	$46M	$1.4B
Q3 22	$1.1B	$40M	$1.2B
Q4 22	$948M	$1.3B	$2.2B
Q1 23	$5.7B	$68M	$5.8B
Q2 23	$2.0B	$70M	$2.0B
Q3 23	$1.1B	$74M	$1.2B
Q4 23	$891M	$1.3B	$2.2B
Q1 24	$941M	$23M	$964M
Q2 24	$1.0B	$27M	$1.0B
Q3 24	$1.0B	$42M	$1.1B
Q4 24	$1.9B	$234M	$2.1B
Q1 25	$1.2B	$354M	$1.6B
Q2 25	$1.2B	$357M	$1.5B
Q3 25	$1.4B	$238M	$1.6B
Q4 25	$315M	$0	$315M
Q1 26	$362M	$4.2B	$4.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	508M	+20.1%	+24.4%
Q3 22	509M	+0.0%	+24.3%
Q4 22	509M	+0.1%	+22.9%
Q1 23	510M	+0.1%	+20.3%
Q2 23	509M	-0.2%	+0.0%
Q3 23	509M	+0.1%	+0.1%
Q4 23	510M	+0.1%	+0.1%
Q1 24	511M	+0.2%	+0.2%
Q2 24	510M	-0.1%	+0.3%
Q3 24	511M	+0.2%	+0.4%
Q4 24	540M	+5.6%	+6.0%
Q1 25	563M	+4.3%	+10.3%
Q2 25	563M	+0.0%	+10.4%
Q3 25	564M	+0.1%	+10.3%
Q4 25	562M	-0.3%	+4.1%
Q1 26	559M	-0.5%	-0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$151.7K	3K
Q3 22	$175.9K	3K
Q4 22	$182.8K	4K
Q1 23	$201.1K	4K
Q2 23	$221.6K	4K
Q3 23	$226.1K	4K
Q4 23	$232.3K	4K
Q1 24	$236.5K	4K
Q2 24	$236.0K	4K
Q3 24	$243.8K	4K
Q4 24	$237.5K	4K
Q1 25	$225.9K	4K
Q2 25	$232.5K	4K
Q3 25	$239.0K	4K
Q4 25	$239.1K	4K
Q1 26	$144.8K	4K

Revenue / Employee