Valley National Bank
Passaic, NJ — National Bank
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Net Income Analysis
( % relative to Total Revenue )
Income Statement | Valley National Bank | All Insured Commercial Banks in New Jersey |
Interest and Fees on Loans | 673,058 | 29,100 |
Income from Lease Financing Receivables | 12,853 | 31 |
— | 49 | |
Estimated Tax Benefit from Tax-Exempt Loan Income | — | 23 |
Income on Loans and Leases (TE) | 685,911 | 29,223 |
Investment Interest Income (TE) | 81,985 | 2,453 |
Total Interest Income (TE) | 775,225 | 32,299 |
Total Interest Expense | 141,804 | 4,682 |
Net Interest Income (TE) | 633,421 | 27,350 |
Non-Interest Income | 102,649 | 7,091 |
Adjusted Operating Income (TE) | 736,070 | 36,057 |
Non-interest Expense | 454,268 | 23,648 |
Provision for Loan & Lease Losses | 11,873 | 876 |
Pretax Operating Income (TE) | 269,929 | 10,871 |
Pretax Net Operating Income (TE) | 270,467 | 10,995 |
Applicable Income Taxes | 88,583 | 2,973 |
Net Operating Income | 173,578 | 8,462 |
Net Income | 173,578 | 8,451 |
Cash Dividends Declared | 90,000 | 2,119 |
Retained Earnings | 83,578 | 5,840 |