• Valley National Bancorp average operating margin for 2023 was 27.23%, a 28.74% decline from 2022.
• Valley National Bancorp average operating margin for 2022 was 38.21%, a 5.68% decline from 2021.
• Valley National Bancorp average operating margin for 2021 was 40.51%, a 38.12% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.