Call reports 2024
VALLEY NATIONAL BANK — 2024
What VALLEY NATIONAL BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 60,990,051,000 | 62,050,076,000 | 62,089,154,000 | 62,446,510,000 |
| Total loans | 49,983,824,000 | 50,331,596,000 | 50,198,527,000 | 48,825,399,000 |
| Allowance for loan losses | 469,248,000 | 519,310,000 | 548,327,000 | 558,850,000 |
| Securities available for sale | 1,449,334,000 | 2,212,092,000 | 2,602,260,000 | 3,369,724,000 |
| Securities held to maturity | 3,711,818,000 | 3,651,454,000 | 3,575,036,000 | 3,532,220,000 |
| Trading assets | 14,046,000 | 16,442,000 | 11,379,000 | 18,011,000 |
| Total deposits | 49,290,841,000 | 50,325,509,000 | 50,677,794,000 | 50,357,937,000 |
| Interest-bearing deposits | 37,804,615,000 | 38,994,431,000 | 39,242,212,000 | 38,647,183,000 |
| Noninterest-bearing deposits | 11,486,226,000 | 11,331,078,000 | 11,435,582,000 | 11,710,754,000 |
| Equity capital | 7,299,491,000 | 7,302,452,000 | 7,471,032,000 | 7,884,398,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 828,656,000 | 1,662,122,000 | 2,522,671,000 | 3,357,497,000 |
| Interest expense | 422,948,000 | 842,422,000 | 1,280,024,000 | 1,680,150,000 |
| Net interest income | 405,708,000 | 819,700,000 | 1,242,647,000 | 1,677,347,000 |
| Noninterest income | 54,784,000 | 106,623,000 | 156,256,000 | 207,222,000 |
| Noninterest expense | 278,905,000 | 554,679,000 | 822,154,000 | 1,099,326,000 |
| Provision for loan losses | 46,723,000 | 133,624,000 | 205,549,000 | 314,380,000 |
| Pretax income | 136,423,000 | 244,275,000 | 374,762,000 | 476,299,000 |
| Income tax | 33,328,000 | 57,390,000 | 87,129,000 | 109,662,000 |
| Net income | 103,111,000 | 186,844,000 | 287,590,000 | 366,547,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,442,185,000 | 5,457,352,000 | 5,583,510,000 | 6,041,434,000 |
| Total capital | 5,844,047,000 | 5,903,110,000 | 6,076,899,000 | 6,535,892,000 |
| Risk-weighted assets | 49,772,792,000 | 48,935,266,000 | 49,331,313,000 | 48,301,870,000 |