Valley National

Valley National Bancorp is a bank holding company, which engages in the provision of retail and commercial banking services. It operates through the following segments: Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments. The Consumer Lending segment consists of residential mortgage loans, automobile loans and home equity loans, as well as wealth management and insurance services. The Commercial Lending segment includes floating rate and adjustable rate commercial and industrial loans as well as fixed rate owner occupied and commercial real estate loans. The Investment Management segment refers to investments in various types of securities and interest-bearing deposits with other banks. The Corporate and Other Adjustments segment represents the income and expense items not directly attributable to a specific segment. The company was founded on November 12, 1982 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Valley National reports strong Q4 earnings, eyes growth amidst challenges

Valley National's Q4 2022 performance reflects growth and stability, supported by strong financial metrics and strategic initiatives.
Efficient cost management, sustained credit excellence, and a focus on diversification position Valley well for future success.
Challenges from NIM pressure and economic uncertainties require cautious navigation, but opportunities for revenue growth and efficiency improvements exist.
Overall, Valley National's prudent approach to credit, focus on growth opportunities, and commitment to efficiency bode well for its future performance.

Valley National reports resilient Q1 performance and eyes strategic growth

Valley National Bancorp's Q1 2023 performance showcased resilience amidst seasonal factors, with adjusted figures reflecting a robust financial position and strong credit culture.
The bank's focus on driving shareholder value through industry-leading service, diverse loan portfolios, and strategic growth opportunities positions it well for future growth and profitability.
While facing challenges such as increasing deposit costs and rising cap rates in real estate sectors, Valley National remains proactive in risk management and open to strategic opportunities for growth.

Valley National Bank reports robust Q2 earnings amidst growth opportunities

Valley National Bank delivered strong earnings, showcasing solid performance across key metrics. While facing challenges such as declining net interest income and rising expenses, the bank is focused on leveraging growth opportunities through selective lending and cost-saving initiatives. With a conservative balance sheet approach and a focus on sustainable growth, Valley National is well-positioned for the future.

Valley National reports solid Q3 earnings amidst loan growth challenges

Valley National's Q3 performance was strong, marked by solid earnings and operational improvements. While facing challenges in loan growth and revenue pressures, the bank is focused on controlling expenses and leveraging growth opportunities. With a strategic focus on organic growth and technology enhancements, Valley is poised for future success.

Valley National (VLY) reports robust Q4 earnings and targets sustainable growth in 2024

Valley National (VLY) delivered strong financial performance in Q4 2023, focusing on customer growth and technology enhancements. While facing challenges in deposit pricing and efficiency, the company is poised for growth through strategic imperatives and opportunities in core deposits and C&I lending. With a clear focus on profitability and return on equity, Valley National aims for sustained growth in 2024.

Valley National reports solid Q1 earnings, eyes growth opportunities

Valley National's Q1 2024 performance reflects solid earnings, efficient cost management, and confidence in credit quality and balance sheet strength.
Strategic focus on growing tangible book value, optimizing capital, and exploring growth opportunities positions the company for sustainable growth.
Challenges in loan growth, managing CRE concentration, and enhancing loan yields require strategic initiatives to drive profitability and risk management.

Valley National reports solid Q2 earnings, eyes growth opportunities

Valley National's Q2 2024 earnings call highlighted strong financial performance and strategic initiatives to enhance balance sheet metrics. The bank aims for steady growth in loan and interest income while emphasizing conservative risk management practices. Challenges lie in managing expenses and navigating economic uncertainties, but opportunities for growth and risk mitigation strategies are in focus.

Valley National reports strong Q3 earnings, plans CRE loan sale

Valley National's Q3 performance showed significant improvement driven by revenue growth and cost management strategies.
The company aims to balance loan growth opportunities with challenges such as potential credit performance normalization and CRE concentration management.
Despite facing challenges, Valley remains optimistic about fee income growth and is focused on achieving its near-term CET1 goal by the end of 2024.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Valley National Bancorp is a bank and financial holding company, which engages in the provision of retail and commercial banking services. It operates through the following segments: Commercial Banking, Consumer Banking, and Treasury and Corporate Other. The Commercial Banking segment includes commercial and industrial loans, and commercial real estate loans. The Consumer Banking segment refers to residential mortgage loans, other consumer loans, and wealth management. The Treasury and Corporate Other segment relate to treasury managed held to maturity and available for sale debt securities portfolios. The company was founded in 1927 and is headquartered in Morristown, NJ.

NEW YORK, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter 2020 of $105.4 million, or $0.25 per diluted common share, as compared to the fourth quarter 2019 earnings of $38.1 million, or $0.10 per diluted common share, and net income of $102.4 million, or $0.25 per diluted common share, for the third quarter 2020. Excluding all non-core charges, our adjusted net income (a non-GAAP measure) was $113.4 million, or $0.27 per diluted common share, for the fourth quarter 2020, $90.7 million, or $0.24 per diluted common share, for the fourth quarter 2019, and $104.2 million, or $0.25 per diluted common share, for the third quarter 2020. See further details below, including a reconciliation of our adjusted net income in the "Consolidated Financial Highlights" tables.

Valley National Bancorp Reports Strong Fourth Quarter Net Income Driven by a 21 Percent Increase in Net Interest Income

NEW YORK, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ: VLY), is pleased to announce the recent hires of Christopher M. Brigati and Peter Belasco as Senior Vice Presidents - Managing Directors of Municipal Investments. In this new role, Chris and Pete will be responsible for managing a municipal investment strategy on behalf of the Bank, in addition to building a more comprehensive municipal offering to the Bank's customers.

Valley Bank Announces New Hires to Manage Municipal Investment Strategy

NEW YORK, Jan. 06, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its fourth quarter 2020 earnings before the market opens on Thursday, January 28, 2021.

Valley National Bancorp to Announce Fourth Quarter 2020 Earnings

Valley National Bancorp is the rare regional bank which has posted extraordinarily robust results in Q3 2020, its highest ever quarterly earnings, amid COVID-19 and near-zero interest rates in the US. The bank has been ticking the right boxes for the last few years; its NII doubled from $541 million in FY15 to over $1100 million in FY20.

Valley National Bancorp: Buy For Resilient Fundamentals

Valley National Bancorp (VLY) CEO Ira Robbins on Q3 2020 Results - Earnings Call Transcript

NEW YORK, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2020 of $102.4 million, or $0.25 per diluted common share, as compared to the third quarter 2019 earnings of $81.9 million, or $0.24 per diluted common share, and net income of $95.6 million, or $0.23 per diluted common share, for the second quarter 2020.

Valley National Bancorp Reports A 25 Percent Increase In Third Quarter 2020 Net Income And Strong Net Interest Income And Margin

NEW YORK, Sept.  24, 2020  (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its third quarter 2020 earnings before the market opens on Thursday, October 22, 2020.

Valley National Bancorp to Announce Third Quarter 2020 Earnings

Valley National Bancorp's (VLY) CEO Ira Robbins on Q2 2020 Results - Earnings Call Transcript

Valley National (VLY) delivered earnings and revenue surprises of 0.00% and 6.73%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Valley National (VLY) Matches Q2 Earnings Estimates

NEW YORK, July  23, 2020  (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the second quarter 2020 of $95.6 million, or $0.23 per diluted common share, as compared to the second quarter 2019 earnings of $76.5 million, or $0.22 per diluted common share, and net income of $87.3 million, or $0.21 per diluted common share, for the first quarter 2020.

Valley National Bancorp Reports a 25 Percent Increase in Second Quarter 2020 Net Income and Strong Operational Efficiency

Valley National (VLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Valley National (VLY) Reports Next Week: What to Know Ahead of the Release

Solid fundamentals and prospects make Valley National (VLY) stock worth betting on at the moment.

Here's Why Valley National (VLY) Stock is a Solid Pick Now

Valley National Bancorp (VLY) CEO Ira Robbins on Q1 2020 Results - Earnings Call Transcript

Valley National (VLY) delivered earnings and revenue surprises of 16.67% and 6.90%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Valley National (VLY) Q1 Earnings and Revenues Top Estimates

Earnings Preview: Valley National (VLY) Q1 Earnings Expected to Decline

NEW YORK, March  18, 2020  (GLOBE NEWSWIRE) -- Valley Bank has announced plans to aid and support its customers most deeply impacted by the spread of the new coronavirus. The initiatives are aimed at providing much needed relief to customers who may be affected by loss of work or loss of business revenue.

Valley Bank Lay out key initiatives to support customers, businesses and communities impacted by the coronavirus

NEW YORK, March  03, 2020  (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) (the “Company”) announced that its Annual Report on Form10-K for the year ended December 31, 2019 will be delayed due to circumstances out of the Company’s control and for reasons unrelated to matters concerning Valley.

Valley National Bancorp Announces the Extension of Annual 2019 10-K Filing Due to a Personnel Change at Its Independent Auditor

NEW YORK, Feb.  26, 2020  (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ: VLY) (“Valley”), the holding company for Valley National Bank, announced today its regular quarterly preferred and common dividends. The declared quarterly dividends to shareholders of record on March 13, 2020 are as follows:

Valley National Bancorp  Declares Its Regular Quarterly Preferred and Common Stock Dividends

Valley National Bancorp's (VLY) CEO Ira Robbins on Q4 2019 Results - Earnings Call Transcript

Valley National (VLY) delivered earnings and revenue surprises of 4.35% and 4.00%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Valley National (VLY) Q4 Earnings and Revenues Surpass Estimates

Valley National (VLY) completes the acquisition of Oritani Financial, thus expanding its presence in New Jersey.

Valley National Closes Oritani Deal, Expands in New Jersey

Oritani Financial Corp.

NEW YORK, Dec.  02, 2019  (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced that its merger with Oritani Financial Corp. (“Oritani”) (NASDAQ: ORIT) was completed effective December 1, 2019.

Valley National Bancorp Completes its Merger of Oritani Financial Corp

Valley National (VLY) receives shareholder approval to close the acquisition of Oritani.

Valley National Gets Shareholder Approval for Oritani Deal

Is Valley National Holdings (VLY) a great pick from the value investor's perspective right now? Read on to know more.

Is Valley National (VLY) A Good Pick for Value Investors?

NEW YORK, Nov.  15, 2019  (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced today that shareholders of both Valley and Oritani Financial Corp. (“Oritani”) (NASDAQ: ORIT) voted in favor of the merger at their respective shareholder meetings. Valley now has received the necessary shareholder and regulatory approvals to complete the previously announced merger with Oritani (the “Merger”). Shareholders of Oritani will receive 1.60 shares of Valley common stock for each Oritani share they own pursuant to the terms of the Merger when it closes. The Merger is expected to be effective on December 1, 2019, subject to remaining closing conditions.

News for Valley National Stock (VLY)