• Valley National Bancorp average return on tangible equity for 2023 was 12.94, a 0.38% decline from 2022.
• Valley National Bancorp average return on tangible equity for 2022 was 12.99, a 4.13% decline from 2021.
• Valley National Bancorp average return on tangible equity for 2021 was 13.55, a 25.7% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.