Valley National Bancorp (VLY) Balance Sheet
VLY balance sheet, 2025
December 31, 2025 · U.S. dollars$64.28B assets = $56.47B liabilities + $7.81B equity
Both columns are drawn to the same scale: what VLY owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VLY financial health
Descriptive bands, not a rating. Fiscal 2025.
VLY balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $22.86B2016 | $64.28B2025 | +12.2%/yr | |
| Total liabilities | $20.49B2016 | $56.47B2025 | +11.9%/yr | |
| Shareholders’ equity | $2.38B2016 | $7.81B2025 | +14.1%/yr | |
| Cash & short-term investments | $1.69B2016 | $315.2M2025 | −17.0%/yr | |
| Total debt | $2.56B2016 | $3.43B2025 | +3.3%/yr | |
| Net cash (debt) | −$866.6M2016 | −$3.12B2025 | −$2.2B | |
| Working capital | −$17.42B2016 | −$190.2M2025 | +$17.2B | |
| Book value per share | $9.312016 | $13.852025 | +4.5%/yr | |
| Debt / equity | 1.082016 | 0.442025 | −0.64 | |
| Shares outstanding | 255.3M2016 | 563.8M2025 | +9.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VLY assets
VLY liabilities and equity
VLY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VLY balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $315.2M | $2.12B | $2.19B | $2.21B | $3.18B | $2.67B | $2.00B | $2.18B | $1.91B | $1.69B |
| Cash & equivalents | $315.2M | $1.89B | $891.2M | $947.9M | $2.05B | $1.33B | $434.7M | $428.6M | $416.1M | $392.5M |
| Short-term investments | $4.20B | $233.8M | $1.30B | $1.26B | $1.13B | $1.34B | $1.57B | $1.75B | $1.49B | $1.30B |
| Receivables | $243.9M | $239.9M | $245.5M | $196.6M | $96.9M | $106.2M | $105.6M | $95.3M | $74.0M | $66.8M |
| Inventory | $0 | $0 | $38.6M | −$1.16B | −$2.19B | −$1.44B | −$549.7M | $10.2M | $10.2M | $11.9M |
| Other current assets | $0 | $0 | $0 | $1.16B | $2.19B | $1.44B | $549.7M | $0 | $0 | $0 |
| Total current assets | $559.1M | $2.36B | $2.44B | $2.41B | $3.28B | $2.77B | $2.11B | $2.27B | $1.98B | $1.76B |
| Property, plant & equipment (net) | $644.6M | $679.3M | $724.5M | $664.9M | $585.4M | $571.9M | $619.7M | $341.6M | $287.7M | $291.2M |
| Goodwill & intangible assets | $1.95B | $2.00B | $2.03B | $2.07B | $1.53B | $1.45B | $1.46B | $1.16B | $733.1M | $736.1M |
| Long-term investments | $7.78B | $6.97B | $5.10B | $5.15B | $3.87B | $407.7M | $29.64B | $24.98B | $18.28B | $17.19B |
| Other non-current assets | $53.34B | $50.48B | $50.64B | $47.17B | $34.19B | $35.48B | $3.61B | $3.11B | $2.71B | $2.89B |
| Total assets | $64.28B | $62.49B | $60.93B | $57.46B | $43.45B | $40.69B | $37.44B | $31.86B | $24.00B | $22.86B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $1.33B | $35.63B | $382.0M | $284.7M | $231.1M | $209.5M | $200.1M |
| Short-term debt | $749.3M | $72.7M | $917.8M | $138.7M | $655.7M | $1.45B | $1.44B | $2.17B | $848.6M | $1.25B |
| Total current liabilities | $749.3M | $50.15B | $51.44B | $49.10B | $36.60B | $33.77B | $30.91B | $26.85B | $19.21B | $19.18B |
| Long-term debt | $2.97B | $3.23B | $2.39B | $56.8M | $56.4M | $56.1M | $55.7M | $1.71B | $2.36B | $1.48B |
| Lease obligations | $372.4M | $388.3M | $403.8M | $358.9M | $283.1M | $276.7M | $309.8M | — | — | — |
| Other long-term liabilities | $52.75B | $1.68B | $403.8M | $1.90B | $1.71B | $2.27B | $2.08B | $0 | $0 | $0 |
| Total liabilities | $56.47B | $55.06B | $54.23B | $51.06B | $38.36B | $36.09B | $33.05B | $28.51B | $21.47B | $20.49B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $196.7M | $196.0M | $178.2M | $178.2M | $148.5M | $141.7M | $141.4M | $116.2M | $92.7M | $92.4M |
| Retained earnings (deficit) | $1.91B | $1.60B | $1.47B | $1.22B | $883.6M | $611.2M | $443.6M | $299.6M | $216.7M | $172.8M |
| Treasury stock | — | — | — | −$21.7M | −$22.9M | −$225,000 | −$479,000 | −$2.2M | −$337,000 | −$1.8M |
| Accumulated other comprehensive income | −$74.4M | −$155.3M | −$146.5M | −$164.0M | −$17.9M | −$7.7M | −$32.2M | −$69.4M | −$46.0M | −$42.1M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $7.81B | $7.44B | $6.70B | $6.40B | $5.08B | $4.59B | $4.38B | $3.35B | $2.53B | $2.38B |
| Key figures | ||||||||||
| Total debt | $3.43B | $3.69B | $3.71B | $2.10B | $2.42B | $3.78B | $3.58B | $3.83B | $3.11B | $2.56B |
| Net cash (debt) | −$3.12B | −$1.57B | −$1.52B | $111.9M | $759.8M | −$1.11B | −$1.58B | −$1.65B | −$1.20B | −$866.6M |
| Working capital | −$190.2M | −$47.78B | −$49.01B | −$46.70B | −$33.32B | −$30.99B | −$28.81B | −$24.58B | −$17.23B | −$17.42B |
| Tangible book value | $5.86B | $5.44B | $4.67B | $4.33B | $3.55B | $3.14B | $2.92B | $2.19B | $1.80B | $1.64B |
| Book value per share | $13.85 | $14.35 | $13.16 | $13.12 | $12.40 | $11.34 | $12.89 | $10.07 | $9.56 | $9.31 |
| Shares outstanding | 563.8M | 518.0M | 509.2M | 487.8M | 410.0M | 405.0M | 340.1M | 332.7M | 264.9M | 255.3M |
| Current ratio | 0.75 | 0.05 | 0.05 | 0.05 | 0.09 | 0.08 | 0.07 | 0.08 | 0.10 | 0.09 |
| Quick ratio | 0.75 | 0.05 | 0.05 | 0.05 | 0.09 | 0.08 | 0.07 | 0.08 | 0.10 | 0.09 |
| Debt / equity | 0.44 | 0.50 | 0.55 | 0.33 | 0.48 | 0.82 | 0.82 | 1.14 | 1.23 | 1.08 |
| Equity / assets | 12.1% | 11.9% | 11.0% | 11.1% | 11.7% | 11.3% | 11.7% | 10.5% | 10.6% | 10.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $9.13B | $362.1M | $315.2M | $1.61B | $1.54B | $1.58B | $2.12B | $1.08B | $1.04B | $964.0M | $2.19B | $1.22B |
| Cash & equivalents | $966.9M | $362.1M | $315.2M | $1.37B | $1.19B | $1.22B | $1.89B | $1.04B | $1.01B | $940.8M | $891.2M | $1.14B |
| Short-term investments | $8.16B | $4.16B | $4.20B | $238.2M | $356.8M | $354.4M | $233.8M | $42.2M | $26.8M | $23.2M | $1.30B | $73.8M |
| Receivables | $250.7M | $244.3M | $243.9M | $242.9M | $238.3M | $238.3M | $239.9M | $250.1M | $251.2M | $253.9M | $245.5M | $237.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $226.8M | −$652.7M | $38.6M | −$1.39B |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.0M | $0 | $656.7M | $0 | $1.39B |
| Total current assets | $9.38B | $606.3M | $559.1M | $1.85B | $1.78B | $1.82B | $2.36B | $1.34B | $1.29B | $1.22B | $2.44B | $1.46B |
| Property, plant & equipment (net) | $615.2M | $628.0M | $644.6M | $649.5M | $669.7M | $678.1M | $679.3M | $691.7M | $701.0M | $707.4M | $724.5M | $740.1M |
| Goodwill & intangible assets | $1.96B | $1.96B | $1.95B | $1.98B | $1.98B | $1.99B | $2.00B | $2.00B | $2.01B | $2.02B | $2.03B | $2.04B |
| Long-term investments | $8.16B | $7.86B | $7.78B | $7.74B | $7.50B | $7.28B | $6.97B | $6.25B | $5.94B | $5.23B | $5.10B | $5.05B |
| Other non-current assets | $46.20B | $53.41B | $53.34B | $50.80B | $50.77B | $50.10B | $50.48B | $51.81B | $52.12B | $51.82B | $50.64B | $51.90B |
| Total assets | $66.32B | $64.47B | $64.28B | $63.02B | $62.71B | $61.87B | $62.49B | $62.09B | $62.06B | $61.00B | $60.93B | $61.18B |
| Liabilities | ||||||||||||
| Short-term debt | $433.5M | $63.9M | $749.3M | $51.1M | $162.2M | $59.0M | $72.7M | $58.3M | $63.8M | $75.2M | $917.8M | $89.8M |
| Total current liabilities | $54.55B | $63.9M | $749.3M | $51.23B | $50.89B | $50.02B | $50.15B | $50.45B | $50.18B | $49.15B | $51.44B | $51.77B |
| Long-term debt | $2.67B | $2.62B | $2.97B | $2.96B | $2.96B | $2.96B | $3.23B | $3.33B | $3.32B | $3.32B | $2.39B | $2.38B |
| Lease obligations | $355.5M | $364.0M | $372.4M | $377.9M | $392.6M | $394.3M | $388.3M | $395.0M | $398.2M | $396.9M | $403.8M | $413.0M |
| Other long-term liabilities | $1.18B | $53.96B | $52.75B | $1.13B | $1.28B | $1.38B | $1.68B | $1.33B | $1.82B | $1.80B | $403.8M | $413.0M |
| Total liabilities | $58.40B | $56.64B | $56.47B | $55.32B | $55.13B | $54.37B | $55.06B | $55.12B | $55.32B | $54.27B | $54.23B | $54.56B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $196.7M | $196.7M | $196.7M | $196.7M | $196.6M | $196.5M | $196.0M | $178.7M | $178.6M | $178.5M | $178.2M | $178.2M |
| Retained earnings (deficit) | $2.10B | $2.00B | $1.91B | $1.79B | $1.69B | $1.63B | $1.60B | $1.55B | $1.52B | $1.51B | $1.47B | $1.46B |
| Accumulated other comprehensive income | −$99.6M | −$97.6M | −$74.4M | −$98.8M | −$119.9M | −$128.3M | −$155.3M | −$114.8M | −$162.6M | −$156.8M | −$146.5M | −$201.9M |
| Total shareholders' equity | $7.92B | $7.83B | $7.81B | $7.70B | $7.58B | $7.50B | $7.44B | $6.97B | $6.74B | $6.73B | $6.70B | $6.63B |
| Key figures | ||||||||||||
| Total debt | $3.45B | $3.05B | $3.43B | $3.39B | $3.52B | $3.42B | $3.69B | $3.78B | $3.78B | $3.79B | $3.71B | $2.88B |
| Net cash (debt) | $5.68B | −$2.68B | −$3.12B | −$1.78B | −$1.97B | −$1.84B | −$1.57B | −$2.70B | −$2.75B | −$2.83B | −$1.52B | −$1.66B |
| Working capital | −$45.17B | $542.5M | −$190.2M | −$49.38B | −$49.11B | −$48.21B | −$47.78B | −$49.12B | −$48.88B | −$47.93B | −$49.01B | −$50.31B |
| Tangible book value | $5.96B | $5.86B | $5.86B | $5.72B | $5.59B | $5.51B | $5.44B | $4.97B | $4.73B | $4.71B | $4.67B | $4.59B |
| Book value per share | $14.19 | $14.00 | $13.89 | $13.65 | $13.45 | $13.31 | $13.77 | $13.64 | $13.20 | $13.17 | $13.15 | $13.01 |
| Shares outstanding | 558.0M | 559.3M | 562.2M | 563.9M | 563.4M | 563.3M | 540.1M | 511.3M | 510.3M | 510.6M | 509.7M | 509.3M |
| Current ratio | 0.17 | 9.49 | 0.75 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.03 | 0.02 | 0.05 | 0.03 |
| Quick ratio | 0.17 | 9.49 | 0.75 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.03 | 0.02 | 0.05 | 0.03 |
| Debt / equity | 0.44 | 0.39 | 0.44 | 0.44 | 0.46 | 0.46 | 0.50 | 0.54 | 0.56 | 0.56 | 0.55 | 0.43 |
| Equity / assets | 11.9% | 12.1% | 12.1% | 12.2% | 12.1% | 12.1% | 11.9% | 11.2% | 10.9% | 11.0% | 11.0% | 10.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
VLY financial position
At the end of fiscal 2025 (December 31, 2025), Valley National Bancorp had total assets of $64.3 billion (up 2.9% from a year earlier), total liabilities of $56.5 billion and shareholders' equity of $7.8 billion. It held $315.2 million in cash and short-term investments against $3.4 billion of debt, net debt of $3.1 billion. Its current ratio was 0.75. In the latest quarter (ended June 30, 2026) total assets were $66.3 billion and equity $7.9 billion.
Related: VLY income statement, VLY cash flow statement, VLY key metrics. See the VLY stock overview for the latest quote and news.
VLY balance sheet FAQ
What are Valley National Bancorp's total assets?
Valley National Bancorp reported total assets of $64.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $62.5 billion a year earlier.
How much debt does Valley National Bancorp have?
Valley National Bancorp had $3.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.44.
How much cash does Valley National Bancorp have?
Valley National Bancorp held $315.2 million in cash and short-term investments at the end of fiscal 2025; with $3.4 billion of debt that is net debt of $3.1 billion.
What is Valley National Bancorp's book value?
Valley National Bancorp's shareholders' equity (book value) was $7.8 billion at the end of fiscal 2025, or $13.85 per share.
What is Valley National Bancorp's current ratio?
Valley National Bancorp had current assets of $559.1 million and current liabilities of $749.3 million, a current ratio of 0.75 (current liabilities exceed current assets).
How much goodwill does Valley National Bancorp have?
Valley National Bancorp carried $2.0 billion of goodwill and intangible assets, 3.0% of total assets, at the end of fiscal 2025.