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.

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Earnings data Q2 2023

Earnings data Q3 2023

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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.

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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, July 13, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its second quarter 2022 earnings before the market opens on Thursday, July 28, 2022.

Valley National Bancorp to Announce Second Quarter 2022 Earnings

Valley National Bancorp is a serial acquirer and has already closed two acquisitions in the past three quarters, adding almost $10B in assets. The premium to the tangible book value has decreased, making the stock more appealing.

Valley National Bancorp: The 4.2% Yield Is Making The Serial Acquirer Attractive

Valley National (VLY) is poised for top-line growth, supported by the rise in interest rates and loan growth. Yet, higher costs might hurt profits.

Rate Hikes to Aid Valley National (VLY) Top Line Amid Cost Woes

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Short-term rates have spiked since the start of the year due to persistent inflation and an increasingly hawkish Fed. Most investor portfolios are likely overweight fixed-coupon longer-duration assets which are vulnerable to further interest rate increases.

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Revenue growth, higher loan balance and fall in provisions support Valley National's (VLY) Q1 earnings.

Valley National (VLY) Up as Q1 Earnings Beat, Revenues Rise

Valley National Bancorp (NASDAQ:VLY ) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET Company Participants Travis Lan - Head of Investor Relations Ira Robbins - President and CEO Tom Iadanza - President Mike Hagedorn - Chief Financial Officer Conference Call Participants Frank Schiraldi - Piper Sandler Michael Perito - KBW Steven Alexopoulos - JPMorgan Matthew Breese - Stephens Dave Bishop - Hovde Group Operator Thank you for standing by, and welcome to the First Quarter 2022 Valley National Bancorp Earnings Conference Call. [Operator Instructions] As a reminder, today's program may be recorded.

Valley National Bancorp (VLY) CEO Ira Robbins on Q1 2022 Results - Earnings Call Transcript

NEW YORK, April 28, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the first quarter 2022 of $116.7 million, or $0.27 per diluted common share, as compared to the first quarter 2021 earnings of $115.7 million, or $0.28 per diluted common share, and net income of $115.0 million, or $0.27 per diluted common share, for the fourth quarter 2021. Excluding non-core charges, our adjusted net income (a non-GAAP measure) was $120.3 million, or $0.28 per diluted common share, for the first quarter 2022, $115.8 million, or $0.28 per diluted common share, for first quarter 2021, and $120.5 million, or $0.28 per diluted common share, for the fourth quarter 2021. See further details below, including a reconciliation of our adjusted net income in the “Consolidated Financial Highlights” tables.

Valley National Bancorp Reports Strong Organic Loan Growth and Solid Net Interest Income and Margin

NEW YORK, April 26, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) today announced that its Board approved a stock repurchase program for up to 25 million shares of Valley common stock. The authorization to repurchase will expire on April 25, 2024. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. Valley's Board also terminated its 2007 stock repurchase program.

Valley National Bancorp Announces Adoption of Share Repurchase Program

NEW YORK, April 11, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its first quarter 2022 earnings before the market opens on Thursday, April 28, 2022.

Valley National Bancorp To Announce First Quarter 2022 Earnings

Supported by strong fundamentals and good growth prospects, Valley National (VLY) stock looks like an attractive pick right now.

4 Reasons to Invest in Valley National (VLY) Stock Right Now

Valley National (VLY) closes the deal to buy Bank Leumi Le-Israel B.M.'s US banking arm, Bank Leumi USA.

Valley National (VLY) Completes Acquisition of Bank Leumi USA

NEW YORK, April 01, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ: VLY) (“Valley”) announced that its acquisition of Bank Leumi Le-Israel Corporation (“Leumi USA”), the U.S. subsidiary of Bank Leumi Le-Israel B.M. (“BLITA”), and parent company of Bank Leumi USA (“Bank Leumi”) was completed effective April 1, 2022.

Valley National Bancorp Announces the Completion of its Acquisition of Bank Leumi USA

NEW YORK, March 07, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced today that is it has received all regulatory approvals in connection with the previously announced acquisition of Bank Leumi Le-Israel Corporation, the US subsidiary of Bank Leumi Le-Israel B.M., and parent company of Bank Leumi USA.

Valley National Bancorp Receives Final Regulatory Approvals and Announces the Anticipated Closing Date of the Acquisition of Bank Leumi USA

Valley National (VLY)-Bank Leumi USA merger deal will likely be concluded on Apr 1. The transaction will be accretive to VLY's next year earnings.

Valley National (VLY)-Bank Leumi USA Deal to Wrap up Soon

NEW YORK--(BUSINESS WIRE)--Pronto Housing—the first and only off-the-shelf affordable housing compliance Software-as-a-Service (SaaS) platform—today announced its numerous strategic partnerships with some of today's core leading investors, including Fifth Wall, PSP Growth, Alate Partners, Valley National Bank (NASDAQ: VLY), and Noho Ventures. On the imminent heels of the early-stage startup's $2.5 million seed round, the sum of these firms' investments brings Pronto Housing's total funding to $

Pronto Housing Announces Strategic Partnerships With Fifth Wall, PSP Growth, Alate Partners, Valley National Bank & Noho Ventures

MORRISTOWN, N.J.--(BUSINESS WIRE)--SJP Properties, in partnership with Scotto Properties, today announced that demolition is underway at the future site of the new high-performance headquarters for Valley National Bank (NASDAQ:VLY), one of the largest and most prestigious banking institutions in the country. Upon completion in March 2023, Valley's new base of operations is expected to bring more than 660 professionals to Morristown's thriving downtown district. Envisioned by SJP Properties in c

SJP Properties and Scotto Properties Announce New Headquarters for Valley National Bank in Morristown, N.J.

Lower fee income and rise in expenses hurt Valley National's (VLY) Q4 earnings. On the other hand, a decline in provisions, higher loan balance and increase in net interest income act as tailwinds.

Valley National (VLY) Down on Q4 Earnings Miss, Revenues Up Y/Y

Valley National Bancorp (VLY) CEO Ira Robbins on Q4 2021 Results - Earnings Call Transcript

Valley National (VLY) delivered earnings and revenue surprises of -6.67% and 2.10%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Valley National (VLY) Lags Q4 Earnings Estimates

NEW YORK, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter 2021 of $115.0 million, or $0.27 per diluted common share, as compared to the fourth quarter 2020 earnings of $105.4 million, or $0.25 per diluted common share, and net income of $122.6 million, or $0.29 per diluted common share, for the third quarter 2021. Our fourth quarter 2021 core earnings included provision expense of $6.2 million ($0.01 per common share) recorded for purchased non-credit deteriorated (non-PCD) loans and unfunded credit commitments acquired during the quarter. Excluding all non-core charges, our adjusted net income (a non-GAAP measure) was $120.5 million, or $0.28 per diluted common share, for the fourth quarter 2021, $113.4 million, or $0.27 per diluted common share, for the fourth quarter 2020, and $124.7 million, or $0.30 per diluted common share, for the third quarter 2021. See further details below, including a reconciliation of our adjusted net income in the "Consolidated Financial Highlights" tables.

Valley National Bancorp Reports Increased Fourth Quarter Net Income, Strong Organic Loan Growth and Net Interest Margin

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Solid sales growth is important to gauge a company's ability to sustain its business. Let's check out Beacon Roofing (BECN), United Rentals (URI), Valley National (VLY), Crown Castle (CCI) and Berry Global (BERY), as these witness top-line growth.

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Valley National (VLY) receives shareholders' approval to acquire Bank Leumi USA. The acquisition can expand the company's technology and venture capital banking business.

Valley (VLY) Gets Shareholders' Nod for Bank Leumi USA Buyout

NEW YORK, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced today its shareholders approved the issuance of Valley common stock in connection with the previously announced acquisition of Bank Leumi Le-Israel Corporation, the US subsidiary of Bank Leumi Le-Israel B.M., and parent company of Bank Leumi USA. Over 98% of shares voted at the Special Meeting of Shareholders were voted in favor of the share issuance proposal.

Valley National Bancorp Receives Shareholder Approval in connection with the Acquisition of Bank Leumi USA

NEW YORK--(BUSINESS WIRE)--Valley Bank's first annual ESG report highlights its cultural and social progress and its focus on the risks and opportunities of climate change.

Valley Bank Issues First Annual ESG Report Highlighting Social Progress and Environmental Impact

NEW YORK, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its fourth quarter 2021 earnings before the market opens on Thursday, January 27, 2022.

News for Valley National Stock (VLY)