Call reports 2023
VALLEY NATIONAL BANK — 2023
What VALLEY NATIONAL BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 64,314,291,000 | 61,701,148,000 | 61,185,861,000 | 60,943,806,000 |
| Total loans | 48,677,184,000 | 49,910,292,000 | 50,131,353,000 | 50,240,935,000 |
| Allowance for loan losses | 436,898,000 | 436,432,000 | 442,175,000 | 446,080,000 |
| Securities available for sale | 1,259,236,000 | 1,236,946,000 | 1,186,524,000 | 1,296,576,000 |
| Securities held to maturity | 3,847,212,000 | 3,766,838,000 | 3,798,709,000 | 3,740,413,000 |
| Trading assets | 15,136,000 | 23,573,000 | 10,601,000 | 11,852,000 |
| Total deposits | 47,761,044,000 | 49,783,723,000 | 50,068,829,000 | 49,436,078,000 |
| Interest-bearing deposits | 34,014,800,000 | 37,185,508,000 | 38,213,810,000 | 37,703,346,000 |
| Noninterest-bearing deposits | 13,746,244,000 | 12,598,215,000 | 11,855,019,000 | 11,732,732,000 |
| Equity capital | 7,254,058,000 | 7,306,704,000 | 7,220,741,000 | 7,281,778,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 720,228,000 | 1,507,687,000 | 2,320,704,000 | 3,138,889,000 |
| Interest expense | 271,530,000 | 626,361,000 | 1,013,746,000 | 1,422,073,000 |
| Net interest income | 448,698,000 | 881,326,000 | 1,306,958,000 | 1,716,816,000 |
| Noninterest income | 51,516,000 | 109,180,000 | 166,954,000 | 215,286,000 |
| Noninterest expense | 269,829,000 | 551,535,000 | 817,446,000 | 1,156,152,000 |
| Provision for loan losses | 9,979,000 | 18,138,000 | 29,359,000 | 50,755,000 |
| Pretax income | 215,670,000 | 418,744,000 | 626,103,000 | 726,318,000 |
| Income tax | 60,387,000 | 114,648,000 | 170,808,000 | 190,413,000 |
| Net income | 155,304,000 | 304,075,000 | 455,282,000 | 535,866,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,362,097,000 | 5,446,582,000 | 5,404,401,000 | 5,420,894,000 |
| Total capital | 5,736,909,000 | 5,824,996,000 | 5,779,646,000 | 5,794,213,000 |
| Risk-weighted assets | 48,811,122,000 | 49,769,810,000 | 49,865,554,000 | 49,794,316,000 |