Valley National Bancorp Financial Statements — VLY Stock

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	522	554	587	611	576	552	634	721	772	991	1,113	1,301	1,365	1,862	1,880
+ Sales & Services Revenue	522	554	587	611	576	552	634	721	772	991	1,113	1,301	1,365	1,862	1,880
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	187	194	197	221	211	208	239	263	283	362	344	350	390	550	591
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-187	-194	-197	-221	-211	-208	-239	-263	-283	-362	-344	-350	-390	-550	-591
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-168	-185	-195	-210	-179	-147	-127	-233	-253	-330	-457	-530	-641	-781	-678
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-168	-185	-195	-210	-179	-147	-127	-233	-253	-330	-457	-530	-641	-781	-678
Pretax Income	168	185	195	210	179	147	127	233	253	330	457	530	641	781	678
- Income Tax Expense (Benefit)	51	55	63	67	47	31	24	65	91	68	147	139	167	212	180
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	116	130	133	144	132	116	103	168	162	261	310	391	474	569	499
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	116	130	133	144	132	116	103	168	162	261	310	391	474	569	499
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	116	130	133	144	132	116	103	168	162	261	310	391	474	569	499
- Preferred Dividends	20	- -	- -	- -	- -	- -	4	7	9	13	13	13	13	13	16
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	97	130	133	144	132	116	99	161	152	249	297	378	461	556	482
Basic Weighted Avg Shares	167	178	178	197	199	206	234	255	264	331	338	404	407	485	508
Basic EPS, GAAP	0.58	0.73	0.74	0.73	0.66	0.56	0.42	0.63	0.58	0.75	0.88	0.94	1.13	1.14	0.95
Basic EPS from Cont Ops	0.69	0.73	0.74	0.73	0.66	0.56	0.44	0.66	0.61	0.79	0.92	0.97	1.16	1.17	0.98
Diluted Weighted Avg Shares	167	178	178	197	199	206	234	255	265	333	340	405	410	488	509
Diluted EPS, GAAP	0.58	0.73	0.74	0.73	0.66	0.56	0.42	0.63	0.58	0.75	0.87	0.93	1.12	1.14	0.95
Diluted EPS from Cont Ops	0.69	0.73	0.74	0.73	0.66	0.56	0.44	0.66	0.61	0.79	0.91	0.96	1.16	1.17	0.98
EBITDA	22	24	26	28	28	29	30	36	35	46	71	82	51	79	83
EBITDA Margin (%)	4.26	4.25	4.38	4.63	4.85	5.32	4.77	4.96	4.52	4.64	6.42	6.32	3.73	4.27	4.43
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	22.25	23.46	22.57	23.51	22.9	21.03	16.24	23.31	20.98	26.37	27.84	30.02	34.71	30.55	26.52
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.73	0.65	0.65	0.64	0.65	0.43	0.45	0.47	0.46	0.47	0.47	0.47	0.47	0.45	0.47
Depreciation Expense	22	24	26	28	28	29	30	36	35	46	71	82	51	79	83

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	2,014	1,402	946	1,661	1,199	1,717	1,921	1,690	1,910	2,178	2,001	2,669	3,179	2,209	920
+ Cash & Cash Equivalents	661	366	379	853	369	830	414	393	416	429	435	1,329	2,050	948	891
+ ST Investments	1,352	1,035	567	808	830	887	1,507	1,297	1,494	1,750	1,567	1,339	1,129	1,261	29
+ Accounts & Notes Receiv	56	148	127	97	87	57	64	67	74	95	106	106	97	197	245
+ Accounts Receivable, Net	56	59	53	52	54	57	64	67	74	95	106	106	97	197	245
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	89	74	45	33	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-2,070	-1,550	-1,072	-1,758	-1,286	-1,775	-1,984	-1,757	-1,984	-2,273	-2,107	-2,775	-3,276	-2,406	-1,165
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	266	266	265	279	270	283	299	291	288	342	620	572	585	665	725
+ Property, Plant & Equip	458	473	488	518	528	559	587	602	622	685	959	929	966	1,072	960
- Accumulated Depreciation	192	208	223	240	258	276	288	311	334	344	339	357	381	407	236
+ LT Investments & Receivables	2,970	2,991	2,547	2,430	2,576	2,680	3,103	3,223	3,337	3,818	3,944	3,540	3,871	5,151	5,104
+ LT Investments	2,970	2,991	2,547	2,430	2,576	2,680	3,103	3,223	3,337	3,818	3,944	3,540	3,871	5,151	5,104
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-3,236	-3,257	-2,813	-2,708	-2,846	-2,963	-3,402	-3,514	-3,624	-4,159	-4,564	-4,112	-4,456	-5,816	-5,829
+ Total Intangible Assets	321	344	339	459	464	615	735	736	733	1,162	1,460	1,453	1,529	2,066	2,029
+ Goodwill	296	318	318	428	428	576	686	691	691	1,085	1,374	1,382	1,459	1,869	1,869
+ Other Intangible Assets	24	26	21	31	36	39	49	45	43	77	87	70	70	197	160
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-3,557	-3,600	-3,152	-3,168	-3,310	-3,577	-4,137	-4,250	-4,357	-5,321	-6,024	-5,565	-5,986	-7,882	-7,858
Total Assets	14,284	14,144	14,253	16,013	16,157	18,792	21,613	22,864	24,002	31,863	37,436	40,686	43,446	57,463	60,935
+ Payables & Accruals	133	166	194	203	176	178	223	200	209	228	285	382	311	1,328	1,284
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Valley National Bancorp

Income Statement

Balance Sheet