VLYPP Income Statement - TTM - Valley National Bancorp - Preferred Stock

Income Statement (TTM)

Valley National Bancorp - Preferred Stock Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	1,118	1,163	1,207	1,256	1,294	1,321	1,359	1,457	1,625	1,793	1,912	1,954	1,906	1,823	1,758	1,652	1,577	1,518	1,520	1,603
Change (%)		4.05	3.76	4.10	3.04	2.10	2.87	7.15	11.55	10.37	6.61	2.20	-2.42	-4.37	-3.55	-6.05	-4.53	-3.74	0.15	5.46
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales
Change (%)
% of Revenue

Gross Operating Profit	1,118	1,163	1,207	1,256	1,294	1,321	1,359	1,457	1,625	1,793	1,912	1,954	1,906	1,823	1,758	1,652	1,577	1,518	1,520	1,603
Change (%)		4.05	3.76	4.10	3.04	2.10	2.87	7.15	11.55	10.37	6.61	2.20	-2.42	-4.37	-3.55	-6.05	-4.53	-3.74	0.15	5.46
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

SG&A	489	522	508	530	555	581	613	665	736	865	836	856	853	869	869	868	860	864	861	864
Change (%)		6.68	-2.61	4.35	4.64	4.64	5.59	8.48	10.68	17.53	-3.44	2.38	-0.28	1.83	0.00	-0.04	-0.94	0.45	-0.39	0.33
% of Revenue	43.78	44.88	42.13	42.23	42.89	43.95	45.11	45.68	45.32	48.26	43.72	43.79	44.75	47.65	49.41	52.57	54.55	56.92	56.61	53.86

R&D
Change (%)
% of Revenue

OpEx	562	575	582	591	612	634	664	733	812	952	933	959	963	989	992	993	988	988	988	994
Change (%)		2.35	1.20	1.54	3.52	3.65	4.65	10.39	10.82	17.25	-1.94	2.77	0.39	2.71	0.24	0.18	-0.58	0.08	-0.01	0.54
% of Revenue	50.28	49.46	48.24	47.05	47.27	47.99	48.82	50.29	49.97	53.08	48.83	49.10	50.52	54.26	56.39	60.14	62.62	65.10	65.01	61.97

Operating Income	556	588	625	665	682	687	696	724	813	841	978	994	943	834	767	659	589	530	532	610
Change (%)		5.78	6.26	6.49	2.61	0.71	1.24	4.06	12.28	3.49	16.27	1.65	-5.13	-11.60	-8.05	-14.12	-10.48	-10.13	0.43	14.61
% of Revenue	49.72	50.54	51.76	52.95	52.73	52.01	51.18	49.71	50.03	46.92	51.17	50.90	49.48	45.74	43.61	39.86	37.38	34.90	34.99	38.03

Interest Expense
Change (%)
% of Revenue

Net Income	323	391	419	444	464	474	475	451	506	569	599	641	605	499	448	380	336	380	390	453
Change (%)		20.80	7.28	5.94	4.55	2.08	0.21	-5.07	12.32	12.35	5.24	7.12	-5.73	-17.54	-10.08	-15.31	-11.46	13.14	2.57	16.09
% of Revenue	28.93	33.59	34.73	35.35	35.86	35.86	34.93	30.95	31.16	31.72	31.32	32.83	31.71	27.35	25.49	22.98	21.31	25.05	25.66	28.24

Source: Capital IQ

Valley National Bancorp - Preferred Stock - Income Statement (TTM)

Income Statement (TTM)