Valley Q4 net income rose to $115.7 million, $0.20 a share; adjusted profit fell
Valley National Bancorp reported fourth quarter 2024 net income of $115.7 million, or $0.20 per diluted share, up from $97.9 million in the third quarter. Excluding non-core items, adjusted net income was $75.7 million, or $0.13 per share, down from $96.8 million in the third quarter, and the reported figure was helped by a $26.7 million income tax benefit. Shareholders also face higher credit costs, with a $107.0 million provision for loan credit losses and $98.3 million in net loan charge-offs.
Key points
- Net income was $115.7 million, or $0.20 per diluted share, versus $97.9 million, or $0.18, in Q3 2024 and $71.6 million, or $0.13, in Q4 2023.
- Adjusted net income was $75.7 million, or $0.13 per diluted share, versus $96.8 million, or $0.18, in Q3 2024.
- The quarter included a $26.7 million income tax benefit, mostly from a $46.4 million reduction in uncertain tax liabilities.
- Net interest margin rose 6 basis points to 2.92% from 2.86% in Q3 2024; the provision for loan credit losses was $107.0 million versus $75.0 million in Q3 2024.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.