Call reports 2020
VALLEY NATIONAL BANK — 2020
What VALLEY NATIONAL BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 39,109,234,000 | 41,706,253,000 | 40,734,832,000 | 40,680,097,000 |
| Total loans | 30,486,935,000 | 32,435,210,000 | 32,624,836,000 | 32,518,539,000 |
| Allowance for loan losses | 283,342,000 | 309,614,000 | 325,032,000 | 340,243,000 |
| Securities available for sale | 1,749,842,000 | 1,689,388,000 | 1,526,564,000 | 1,339,473,000 |
| Securities held to maturity | 2,317,033,000 | 2,133,427,000 | 2,170,476,000 | 2,173,011,000 |
| Trading assets | 438,183,000 | 465,811,000 | 453,590,000 | 385,759,000 |
| Total deposits | 29,133,250,000 | 31,531,157,000 | 31,288,695,000 | 32,065,766,000 |
| Interest-bearing deposits | 22,065,915,000 | 22,438,187,000 | 22,431,057,000 | 22,730,336,000 |
| Noninterest-bearing deposits | 7,067,335,000 | 9,092,970,000 | 8,857,638,000 | 9,335,430,000 |
| Equity capital | 4,607,069,000 | 4,782,388,000 | 4,838,803,000 | 4,995,810,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 363,793,000 | 712,318,000 | 1,049,661,000 | 1,383,719,000 |
| Interest expense | 95,783,000 | 158,757,000 | 209,002,000 | 251,038,000 |
| Net interest income | 268,010,000 | 553,561,000 | 840,659,000 | 1,132,681,000 |
| Noninterest income | 41,688,000 | 86,929,000 | 136,455,000 | 183,558,000 |
| Noninterest expense | 154,715,000 | 310,940,000 | 470,585,000 | 643,113,000 |
| Provision for loan losses | 33,851,000 | 74,876,000 | 105,709,000 | 123,922,000 |
| Pretax income | 120,333,000 | 253,793,000 | 400,005,000 | 549,093,000 |
| Income tax | 30,478,000 | 64,236,000 | 104,165,000 | 143,406,000 |
| Net income | 89,885,000 | 189,606,000 | 295,894,000 | 405,779,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,203,498,000 | 3,385,605,000 | 3,448,166,000 | 3,607,625,000 |
| Total capital | 3,488,963,000 | 3,688,957,000 | 3,772,443,000 | 3,839,922,000 |
| Risk-weighted assets | 30,344,060,000 | 30,112,115,000 | 30,180,116,000 | 30,084,207,000 |