VLY FY 2024 Earnings Report — Valley National Bancorp Revenue & Financial Results | Market Cap Arena

Valley National BancorpVLY

FY 2024 Earnings

Reported February 27, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$3.6B	—	$3.4B	—	6.5%
Op. Income	$439M	—	$678M	—	-35.4%
Gross Margin	42.9%	—	54.7%	—	-11.8pp
Net Margin	10.6%	—	14.9%	—	-4.2pp
EPS (Diluted)	$0.69	—	$0.95	—	-27.4%
Free Cash Flow	$549M	—	$378M	—	45.0%

Revenue Flow

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$609M
SG&A Expenses	$609M
Other Expenses	$486M
Operating Expenses	$1.1B
Cost & Expenses	$3.1B
OPERATING INCOME	$439M
Interest Income	$3.4B
Interest Expense	$1.7B
Other Income/Expenses	$0
INCOME BEFORE TAX	$439M
Income Tax Expense	$58M
Net Income from Continuing Ops	$380M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$380M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$359M
D&A	$79M
EBIT	$439M
EBITDA	$517M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$609M
SG&A Expenses	$609M
Other Expenses	$486M
Operating Expenses	$1.1B
Cost & Expenses	$3.1B
OPERATING INCOME	$439M
Interest Income	$3.4B
Interest Expense	$1.7B
Other Income/Expenses	$0
INCOME BEFORE TAX	$439M
Income Tax Expense	$58M
Net Income from Continuing Ops	$380M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$380M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$359M
D&A	$79M
EBIT	$439M
EBITDA	$517M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$380M
Depreciation & Amortization	$79M
Stock-Based Compensation	$29M
Deferred Income Tax	-$6M
Other Non-Cash Items	$317M
Change in Working Capital	-$250M
OPERATING CASH FLOW	$549M
Capital Expenditure	$0
Acquisitions (Net)	$98M
Purchases of Investments	-$2.5B
Sales/Maturities of Investments	$608M
Other Investing Activities	$1.1B
NET CASH FROM INVESTING	-$709M
Net Debt Issuance	-$8M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$228M
Other Financing Activities	$831M
NET CASH FROM FINANCING	$1.2B
FREE CASH FLOW	$549M
Net Change in Cash	$999M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$234M
Net Receivables	$240M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$679M
Goodwill	$1.9B
Intangible Assets	$129M
Long-Term Investments	$55.0B
Tax Assets	$0
Other Non-Current Assets	$2.4B
TOTAL NON-CURRENT ASSETS	$60.1B
TOTAL ASSETS	$62.5B
Account Payables	$0
Short-Term Debt	$73M
Deferred Revenue	$0
Other Current Liabilities	$50.1B
TOTAL CURRENT LIABILITIES	$50.1B
Long-Term Debt	$3.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$4.9B
TOTAL LIABILITIES	$55.1B
Common Stock	$196M
Additional Paid-In Capital	$5.4B
Retained Earnings	$1.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$155M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.4B
Minority Interest	$0
TOTAL EQUITY	$7.4B
TOTAL LIABILITIES & EQUITY	$62.5B
Total Debt	$3.7B
Net Debt	$1.8B