Trade Valley National Bancorp - VLY CFD

Valley National Company profile

About Valley National Bancorp

Valley National Bancorp is a bank holding company for Valley National Bank. The Company's segment includes Consumer Lending, Commercial Lending, Investment Management, Corporate and Other Adjustments. The Consumer Lending segment comprises of residential mortgage loans and automobile loans, and to a lesser extent, home equity loans, secured personal lines of credit and other consumer loans (including credit card loans). The commercial lending segment is comprised of floating rate and adjustable rate commercial and industrial loans and construction loans, as well as fixed rate owner occupied and commercial real estate loans. The investment management segment comprised of fixed rate securities and, depending on its liquid cash position, federal funds sold and interest-bearing deposits with banks. The Corporate and other adjustments segment includes interest expense related to subordinated notes, amortization and impairment of tax credit investments as well as merger expenses.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Valley National Bancorp interest income decreased 4% to $1.33B. Net interest income after loan loss provision increased 19% to $1.18B. Net income applicable to common stockholders increased 22% to $461.2M. Net interest income after loan loss provision reflects Commercial Lending segment increase of 22% to $911.7M, Net Interest Margin, Total -% increase of 5% to 3.17%, Net Interest Spread.

Equity composition

Common no Par, 03/11, 220,974,508 auth., 178,644,870 issd., less 482,731 shs. in Treas @ $10.9M. Insiders own 4.24%. 05/08, 5% Stock dividend. Preferred Stock no Par, 03/11, 30M auth., none issd. 05/09, 5% stock dividend. 05/10, 5% stock dividend. 05/11, 5% stock dividend. 05/12, 5% stock dividend.