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Valley National Bancorp  (VLY)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial


Valley National Bancorp's Gross Profit Margin by quarter

Trends, Rankings, Statistics



VLY Gross Profit Margin (Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Revenue Change 9.5 % 34.67 % 98.82 % 49.49 % 29.05 %
Seq. Revenue Change -0.44 % -29.98 % 33.74 % 17.44 % 22.44 %
Revenue In Millions $473.79 $475.88 $679.61 $508.16 $432.70
Gross Profit Margin 67.15 % 66.5 % 74.11 % 73.12 % 54.06 %
Gross Profit Margin Total Ranking # 1869 # 1954 # 1707 # 1768 # 1702
Gross Profit In Millions $318.15 $316.46 $503.67 $371.57 $233.90
Y / Y Gross Profit Change 36.02 % 30.72 % 121.44 % 53.29 % -0.66 %
Seq. Gross Profit Change 0.53 % -37.17 % 35.55 % 58.86 % -3.38 %


Commenting Second Quarter 2023 Gross Profit Margin
Despite the sequential Revenue deterioration in II. Quarter of -0.44 % Valley National Bancorp managed to reduce Cost of Sales and increase Gross Profit by 0.53 % to $318 millions. Gross Profit Margin grew to 67.15 %, below company average Gross Profit Margin.

Observing second quarter 2023 results within Commercial Banks industry 26 other companies have achieved higher Gross Profit Margin. While Gross Profit Margin total ranking has impoved so far to 1869, from total ranking in previous quarter at 1954.
Learn about Gross Margin
VLY's Gross Profit Margin second quarter 2023 Company Ranking
Within: No.
Commercial Banks Industry # 27
Financial Sector # 580
Overall # 1855

Gross Profit Margin Statistics
High Average Low
122.01 % 68.08 % 54.06 %
(Dec 31 2016)   (Jun 30 2022)




Other Gross Profit Margin Profitability Ratios
VLY's Cumulative Gross Profit Margin
Commercial Banks Industry Gross Profit Margin Trends and Statistics
Financial Sector Gross Profit Margin Statistics
Gross Profit Margin Profitability Trends for overall market
VLY's Gross Profit Margin Profitability versus Commercial Banks Industry, Financial Sector and total Market
Highest Ranking Gross Profit Margin
Lowest Ranking Gross Profit Margin
Gross Profit Margin Profit Margin for VLY's Competitors
Gross Profit Margin Profit Margin for Valley National Bancorp's Suppliers
Gross Profit Margin Profit Margin for VLY's Customers

You may also want to know
VLY's Annual Growth Rates VLY's Profitability Ratios VLY's Asset Turnover Ratio VLY's Dividend Growth
VLY's Roe VLY's Valuation Ratios VLY's Financial Strength Ratios VLY's Gross Profit Growth
VLY's Roa VLY's Inventory Turnover Ratio VLY's Growth Rates VLY's Dividend Comparisons


Companies with similar Gross Profit Margin in the quarter ending Jun 30 2023, within Commercial Banks Industry Gross Profit MarginJun 30 2023 MRQ Gross ProfitJun 30 2023 MRQ Revenue
Wells Fargo and Company  109.10 %$ 20,533.000 $ 18,820.000 
Jpmorgan Chase and Co  107.55 %$ 41,307.000 $ 38,408.000 
First Merchants Corporation  99.33 %$ 163.052 $ 164.154 
First Financial Ban corp   99.12 %$ 199.993 $ 201.765 
Hanmi Financial Corporation  98.94 %$ 62.763 $ 63.434 
Alerus Financial Corporation  98.65 %$ 47.364 $ 48.012 
Evans Bancorp Inc   98.58 %$ 20.207 $ 20.498 
Citigroup inc  98.14 %$ 19,075.000 $ 19,436.000 
Bank Of America Corporation  97.96 %$ 24,684.000 $ 25,197.000 
Pnc Financial Services Group Inc  97.94 %$ 5,184.000 $ 5,293.000 
Oceanfirst Financial Corp   97.81 %$ 97.618 $ 99.808 
Hawthorn Bancshares Inc   97.77 %$ 15.445 $ 15.798 
Stellar Bancorp Inc   97.48 %$ 109.027 $ 111.849 
Dime Community Bancshares Inc  97.35 %$ 87.352 $ 89.732 
National Bank Holdings Corp  97.26 %$ 99.117 $ 101.907 
First United Corporation  97.10 %$ 17.816 $ 18.348 
American National Bankshares Inc   96.88 %$ 24.447 $ 25.235 
Bancfirst Corporation  96.87 %$ 146.352 $ 151.076 
Cf Bankshares Inc   96.70 %$ 12.041 $ 12.452 
Virginia National Bankshares Corp  96.54 %$ 14.951 $ 15.487 
Consumers Bancorp Inc  96.43 %$ 9.198 $ 9.539 
Wesbanco Inc   96.15 %$ 144.589 $ 150.380 
Lcnb Corp   95.81 %$ 17.047 $ 17.793 
First Commonwealth Financial Corp  95.58 %$ 114.267 $ 119.557 
Bok Financial Corp  95.21 %$ 489.670 $ 514.310 
Farmers and Merchants Bancorp  94.61 %$ 52.330 $ 55.312 
Old National Bancorp  94.52 %$ 424.393 $ 449.013 
Webster Financial Corporation  94.29 %$ 605.047 $ 641.705 
Umb Financial Corp  94.26 %$ 330.569 $ 350.693 
Fulton Financial Corp  94.18 %$ 248.349 $ 263.690 




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