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, Nov.  13, 2019  (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 December 13, 2019 are as follows:

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

Valley National Bancorp Has Plenty Of Potential For Price Upside

NEW YORK, Oct.  25, 2019  (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced today it received notice from the Board of Governors of the Federal Reserve System that it waived the requirement for a bank merger application for the previously announced merger of Oritani Financial Corp. (NASDAQ: ORIT) (“Oritani”) with and into Valley (the “Proposed Transaction”). In conjunction with the previously announced approval from the Office of the Comptroller of the Currency, Valley has obtained the requisite regulatory approvals to complete the Proposed Transaction.

Valley National Bancorp Receives Application Waiver for the Acquisition of Oritani Financial Corp. From the Federal Reserve

Valley National Bancorp (VLY) CEO Ira Robbins on Q3 2019 Results - Earnings Call Transcript

Valley National (VLY) delivered earnings and revenue surprises of 4.35% and 4.29%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Valley National (VLY) Q3 Earnings and Revenues Top Estimates

NEW YORK, Oct.  24, 2019  (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter of 2019 of $81.9 million, or $0.24 per diluted common share, as compared to the third quarter of 2018 earnings of $69.6 million, or $0.20 per diluted common share, and net income of $76.5 million, or $0.22 per diluted common share, for the second quarter of 2019. Excluding all non-core charges, our adjusted net income was $83.1 million, or $0.24 per diluted common share, for the third quarter of 2019, $73.1 million, or $0.21 per diluted common share, for the third quarter of 2018, and $78.8 million, or $0.23 per diluted common share, for the second quarter of 2019.  See further details below, including a reconciliation of our adjusted net income (a non-GAAP measure) in the "Consolidated Financial Highlights" tables.

Valley National Bancorp Reports Increased Third Quarter Net Income and 12 Percent Annualized Loan Growth

Valley National (VLY) receives regulatory approval from the OCC to close the acquisition of Oritani Financial.

Valley National (VLY) Gets Regulatory Nod for Oritani Deal

Oritani Financial Corp.

NEW YORK, Aug.  23, 2019  (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced today it received regulatory approval from The Office of the Comptroller of the Currency (“OCC”) to complete the previously announced merger of Oritani Financial Corp. (“Oritani”) (NASDAQ: ORIT) with and into Valley.

Valley National Bancorp Receives Approval for the Acquisition of Oritani Financial Corp. From the Office of the Comptroller of the Currency

Valley National Bancorp (VLY) CEO Ira Robbins on Q2 2019 Results - Earnings Call Transcript

Valley National (VLY) delivered earnings and revenue surprises of 0.00% and -3.45%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Valley National (VLY) Meets Q2 Earnings Estimates

Goodyear Tire & Rubber

Nuveen AMT-Free Quality Municipal Income Fund

Three stocks are topping the S&P 500 index in terms of higher dividend yield Monday.

Three Stocks With High Forward Dividend Yields

Valley National's (VLY) deal to acquire Oritani Financial (ORIT) will result in cost savings, and be accretive to earnings.

Valley National (VLY) to Buy Oritani, Expand in New Jersey

Valley National Bancorp (VLY) CEO Ira Robbins on Q1 2019 Results - Earnings Call Transcript

Valley National's (VLY) sale-and-leaseback transaction of 26 properties, for $100.5 million, expected to be accretive to the company's earnings.

News for Valley National Stock (VLY)