[VLY] YoY Annual Result on 31-Dec-2023 [#FY]

Stock
[VLY] Valley National Bancorp
Announcement Date
29-Feb-2024
Financial Year
2023
Quarter
31-Dec-2023 [#FY]
Profit Trend
YoY- -12.37%
Quarter Report
VLY's Result
VLY's Financial Summary
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Annual Result
31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 CAGR
Revenue 1,823,014 1,861,952 1,365,177 1,301,301 1,112,568 991,255 771,753 15.39%
PBT 678,332 780,667 640,739 530,066 456,795 329,693 252,738 17.87%
Tax 179,821 211,816 166,899 139,460 147,002 68,265 90,831 12.04%
NP 498,511 568,851 473,840 390,606 309,793 261,428 161,907 20.60%
Tax Rate -26.51% -27.13% -26.05% -26.31% -32.18% -20.71% -35.94% -
Total Cost 1,324,503 1,293,101 891,337 910,695 802,775 729,827 609,846 13.79%
Ratio Analysis
31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 CAGR
NP Margin 27.35 30.55 34.71 30.02 27.84 26.37 20.98 4.51%
Per Share
31/12/23 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 CAGR
EPS 0.95 1.14 1.13 0.94 0.88 0.79 0.58 8.56%
EPS Diluted 0.95 1.14 1.12 0.93 0.87 0.79 0.58 8.56%

PBT = Profit before Tax, NP = Net Profit, NP Margin = Net Profit Margin, EPS = Earning Per Share, EPS Diluted = Earning Per Share Diluted.

NP Margin, QoQ ⃤ & YoY ⃤ figures in Percentage; EPS & EPS Diluted figures in Cent.

All figures in '000 unless specified.