Valley National Bancorp Past Earnings Performance
Past criteria checks 2/6
Valley National Bancorp has been growing earnings at an average annual rate of 13.6%, while the Banks industry saw earnings growing at 12.2% annually. Revenues have been growing at an average rate of 14.9% per year. Valley National Bancorp's return on equity is 6.7%, and it has net margins of 24.6%.
Key information
13.6%
Earnings growth rate
4.2%
EPS growth rate
| Banks Industry Growth | 10.6% |
| Revenue growth rate | 14.9% |
| Return on equity | 6.7% |
| Net Margin | 24.6% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Valley National Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 1,756 | 432 | 865 | 0 |
| 31 Dec 23 | 1,823 | 482 | 869 | 0 |
| 30 Sep 23 | 1,906 | 589 | 865 | 0 |
| 30 Jun 23 | 1,954 | 627 | 878 | 0 |
| 31 Mar 23 | 1,914 | 585 | 847 | 0 |
| 31 Dec 22 | 1,793 | 556 | 789 | 0 |
| 30 Sep 22 | 1,625 | 494 | 736 | 0 |
| 30 Jun 22 | 1,457 | 438 | 665 | 0 |
| 31 Mar 22 | 1,359 | 462 | 613 | 0 |
| 31 Dec 21 | 1,321 | 461 | 581 | 0 |
| 30 Sep 21 | 1,294 | 451 | 555 | 0 |
| 30 Jun 21 | 1,256 | 431 | 530 | 0 |
| 31 Mar 21 | 1,207 | 406 | 508 | 0 |
| 31 Dec 20 | 1,163 | 378 | 522 | 0 |
| 30 Sep 20 | 1,118 | 311 | 489 | 0 |
| 30 Jun 20 | 1,068 | 290 | 480 | 0 |
| 31 Mar 20 | 1,026 | 271 | 469 | 0 |
| 31 Dec 19 | 1,068 | 297 | 471 | 0 |
| 30 Sep 19 | 1,038 | 336 | 444 | 0 |
| 30 Jun 19 | 1,026 | 324 | 453 | 0 |
| 31 Mar 19 | 1,022 | 320 | 455 | 0 |
| 31 Dec 18 | 935 | 249 | 486 | 0 |
| 30 Sep 18 | 874 | 198 | 456 | 0 |
| 30 Jun 18 | 819 | 168 | 438 | 0 |
| 31 Mar 18 | 764 | 147 | 417 | 0 |
| 31 Dec 17 | 720 | 152 | 391 | 0 |
| 30 Sep 17 | 723 | 178 | 385 | 0 |
| 30 Jun 17 | 709 | 182 | 365 | 0 |
| 31 Mar 17 | 693 | 171 | 358 | 0 |
| 31 Dec 16 | 675 | 161 | 358 | 0 |
| 30 Sep 16 | 650 | 116 | 350 | 0 |
| 30 Jun 16 | 633 | 108 | 348 | 0 |
| 31 Mar 16 | 614 | 103 | 345 | 0 |
| 31 Dec 15 | 599 | 99 | 339 | 0 |
| 30 Sep 15 | 587 | 121 | 326 | 0 |
| 30 Jun 15 | 563 | 115 | 312 | 0 |
| 31 Mar 15 | 545 | 113 | 303 | 0 |
| 31 Dec 14 | 526 | 116 | 292 | 0 |
| 30 Sep 14 | 520 | 131 | 286 | 0 |
| 30 Jun 14 | 523 | 130 | 288 | 0 |
| 31 Mar 14 | 533 | 134 | 287 | 0 |
| 31 Dec 13 | 546 | 132 | 289 | 0 |
| 30 Sep 13 | 550 | 129 | 293 | 0 |
| 30 Jun 13 | 576 | 142 | 294 | 0 |
Quality Earnings: VNB has high quality earnings.
Growing Profit Margin: VNB's current net profit margins (24.6%) are lower than last year (30.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: VNB's earnings have grown by 13.6% per year over the past 5 years.
Accelerating Growth: VNB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VNB had negative earnings growth (-26.2%) over the past year, making it difficult to compare to the Banks industry average (26.9%).
Return on Equity
High ROE: VNB's Return on Equity (6.7%) is considered low.