M&A
confidence high
sentiment neutral
materiality 0.60
Valley National Bancorp files audited financials for acquired Bank Leumi USA; pro forma combined results
VALLEY NATIONAL BANCORP
- Bank Leumi USA had total assets $8.31B, net income $79.2M for 2021 (audited), vs $48.4M in 2020.
- Loans net of allowance $5.74B, deposits $7.09B as of Dec 31, 2021.
- Unaudited pro forma condensed combined balance sheet as of Mar 31, 2022, and income statements for Q1 2022 and FY 2021 filed.
- Acquisition closed Apr 1, 2022; this amendment provides required historical and pro forma financial statements.