Valley National Bancorp (FRA:VNB) Tax Rate % : 25.63% (As of Mar. 2024)

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What is Valley National Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Valley National Bancorp's Tax Expense for the three months ended in Mar. 2024 was €31 Mil. Valley National Bancorp's Pre-Tax Income for the three months ended in Mar. 2024 was €119 Mil. Therefore, Valley National Bancorp's Tax Rate % for the quarter that ended in Mar. 2024 was 25.63%.

Valley National Bancorp Tax Rate % Historical Data

The historical data trend for Valley National Bancorp's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Valley National Bancorp Tax Rate % Chart

Valley National Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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32.18

26.31

26.05

27.13

26.51

Valley National Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															28.06	27.12	27.45	19.57	25.63

Valley National Bancorp Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Valley National Bancorp's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	164.896	/	622.03
	=	26.51 %

Valley National Bancorp's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	30.519	/	119.097
	=	25.63 %

Valley National Bancorp Tax Rate % Related Terms

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Valley National Bancorp (FRA:VNB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Valley National Bancorp (FRA:VNB) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

VLYPO.PFD:USA VLYPP.PFD:USA VLY:USA VNB:Germany

Address

One Penn Plaza, New York, NY, USA, 10119

Website

https://www.valley.com

Valley National Bancorp is a bank holding company whose principal wholly-owned subsidiary is Valley National Bank. It provides a full range of commercial, retail, and trust and investment services largely through its offices and ATM network throughout northern and central New Jersey, New York City and Long Island, Florida, and Alabama. The segments of the group are commercial lending, consumer lending, investment management, and corporate and other adjustments, of which key interest income is derived from the commercial lending segment. In recent years, the company has focused on acquiring companies that operate outside of traditional banking and has emphasized wealth and capital management.

Valley National Bancorp (FRA:VNB) Headlines

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