Valley National Bancorp

Chart & Performance

D1W1MN

P/E

27.90

P/S

7.63

EPS

0.89

Div Yield, %

1.72%

Shrs. gr., 5y

8.89%

Rev. gr., 5y

12.96%

Revenues

1.82b

-2.09%

Net income

499m

-12.37%

CFO

378m

-73.52%

Dividend

Sep 13, 20240.39063 USD/sh

Earnings

Jan 23, 2025

Profile

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 Lending, and Investment Management 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; 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, foreign wire transfers services, and transaction accounts for non-resident aliens. In addition, the company offers investment services for individuals and small to medium sized businesses; and trusts and custom -tailored investment strategies for various retirement plans. 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; 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; and overdraft, drive-in and night deposit, automated teller machine, remote deposit capture, and safe deposit facility services. As of December 31,2021, it operated 232 branch offices in New Jersey, New York, Florida, and Alabama. The company was incorporated in 1927 and is headquartered in New York, New York.

URL

https://www.valley.com/

IPO date

Dec 01, 1993

Employees

3,826

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	1,823,014 -2.09%	1,861,952 36.39%
Cost of revenue	868,727	549,573
Unusual Expense (Income)
NOPBT	954,287	1,312,379
NOPBT Margin	52.35%	70.48%
Operating Taxes	179,821	211,816
Tax Rate	18.84%	16.14%
NOPAT	774,466	1,100,563
Net income	498,511 -12.37%	568,851 20.05%
Dividends	(239,749)	(219,145)
Dividend yield	4.34%	3.97%
Proceeds from repurchase of equity	(7,469)	(24,003)
BB yield	0.14%	0.44%
Debt
Debt current	1,127,163	138,729
Long-term debt	3,148,718	2,317,586
Deferred revenue		(121,003)
Other long-term liabilities	50,167,031	48,605,632
Net debt	(1,719,565)	(4,903,933)
Cash flow
Cash from operating activities	378,192	1,428,479
CAPEX		(68,935)
Cash from investing activities	(3,349,502)	(6,787,781)
Cash from financing activities	2,914,588	4,257,329
FCF	12,560,744	1,773,686
Balance
Cash	891,225	2,209,344
Long term investments	5,104,221	5,150,904
Excess cash	5,904,295	7,267,150
Stockholders' equity	1,712,793	1,442,319
Invested Capital	46,239,546	55,540,543
ROIC	1.52%	2.24%
ROCE	1.99%	2.30%
EV
Common stock shares outstanding	509,246	487,818
Price	10.86 -3.98%	11.31 -17.75%
Market cap	5,530,409 0.24%	5,517,218 -2.14%
EV	4,020,535	822,976
EBITDA	1,037,492	1,422,913
EV/EBITDA	3.88	0.58
Interest	1,473,413	321,043
Interest/NOPBT	154.40%	24.46%