Valley National Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1994
Revenue	1,841	1,806	1,332	1,176	1,088	Upgrade
Revenue Growth (YoY)	1.96%	35.53%	13.27%	8.07%	13.52%	Upgrade
Gross Profit	1,841	1,806	1,332	1,176	1,088	Upgrade
Selling, General & Admin	896.34	865.46	582.87	524	476.32	Upgrade
Other Operating Expenses	266.36	159.49	100.26	110.12	123.25	Upgrade
Operating Expenses	1,163	1,025	683.14	634.11	599.56	Upgrade
Operating Income	678.33	780.67	649.15	542.1	488.79	Upgrade
Other Expense / Income	-	-	8.41	12.04	32	Upgrade
Pretax Income	678.33	780.67	640.74	530.07	456.8	Upgrade
Income Tax	179.82	211.82	166.9	139.46	147	Upgrade
Net Income	498.51	568.85	473.84	390.61	309.79	Upgrade
Preferred Dividends	16.14	13.15	12.69	12.69	12.69	Upgrade
Net Income Common	482.38	555.71	461.15	377.92	297.11	Upgrade
Net Income Growth	-13.20%	20.50%	22.02%	27.20%	19.44%	Upgrade
Shares Outstanding (Basic)	508	485	407	404	338	Upgrade
Shares Outstanding (Diluted)	509	488	410	405	340	Upgrade
Shares Change	4.39%	18.97%	1.23%	19.09%	2.23%	Upgrade
EPS (Basic)	0.95	1.14	1.13	0.94	0.88	Upgrade
EPS (Diluted)	0.95	1.14	1.12	0.93	0.87	Upgrade
EPS Growth	-16.67%	1.79%	20.43%	6.90%	16.00%	Upgrade
Free Cash Flow	320.45	1,370	806.65	158.07	347.59	Upgrade
Free Cash Flow Per Share	0.63	2.82	1.98	0.39	1.03	Upgrade
Dividend Per Share	0.440	0.440	0.440	0.440	0.440	Upgrade
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	Upgrade
Operating Margin	36.85%	43.24%	48.72%	46.09%	44.91%	Upgrade
Profit Margin	26.20%	30.78%	34.61%	32.13%	27.30%	Upgrade
Free Cash Flow Margin	17.41%	75.90%	60.55%	13.44%	31.94%	Upgrade
Effective Tax Rate	26.51%	27.13%	26.05%	26.31%	32.18%	Upgrade
EBITDA	721.77	822.29	669.87	587.68	510.11	Upgrade
EBITDA Margin	39.20%	45.54%	50.28%	49.96%	46.87%	Upgrade
Depreciation & Amortization	43.44	41.62	29.13	57.62	53.32	Upgrade
EBIT	678.33	780.67	640.74	530.07	456.8	Upgrade
EBIT Margin	36.85%	43.24%	48.09%	45.07%	41.97%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).