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

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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, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ: VLY) and Bank Leumi Le-Israel Corporation (“Leumi”) announced today that they have entered into a definitive merger agreement whereby Valley will acquire Leumi, the US subsidiary of Bank Leumi Le-Israel B.M., and parent company of Bank Leumi USA (“Bank Leumi”). This strategic combination broadens Valley's commercial product offerings and enhances Valley's funding verticals. As a result of the mutually beneficial transaction, Valley will greatly expand its technology and venture capital banking business, and Bank Leumi Le-Israel B.M. will enhance its exposure to the U.S. banking market. This combination further solidifies Valley's position as a top-tier, relationship-focused commercial bank. The pro forma company will be the 29th largest publicly traded U.S. bank by assets1, and will be well-positioned for strong, sustainable, and diversified growth.

Valley National Bancorp to Acquire Bank Leumi USA Creating a Premier Commercial Bank With Unique, Sustainable and Diverse Growth Opportunities

SECAUCUS, N.J., Sept. 8, 2021 /PRNewswire/ -- Artistic Tile, a family-owned business and leader in the luxury tile and stone industry, has filed a claim against Valley Bank (NASDAQ:VLY), a publicly-traded regional bank, for its lack of safeguards in cashing more than $5 million in counterfeit and forged checks beginning in the last week of May 2021 and continuing into July 2021 against the Artistic Tile account with Valley Bank.

Artistic Tile Files Suit Against Valley Bank

Valley National (VLY) emerges as the frontrunner for the acquisition of Israel-based Bank Leumi???s U.S. banking division - Bank Leumi USA.

Valley National (VLY) in Forefront to Buy Bank Leumi U.S. Arm

Valley National Bancorp (VLY) CEO Ira Robbins on Q2 2021 Results - Earnings Call Transcript

Valley National (VLY) delivered earnings and revenue surprises of 0.00% and 1.86%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Valley National (VLY) Q2 Earnings Match Estimates

Shares of Valley National (NASDAQ:VLY) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 30.43% year over year to $0.30, which were in line with the estimate of $0.30.

Valley National: Q2 Earnings Insights

NEW YORK, July 22, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the second quarter 2021 of $120.5 million, or $0.29 per diluted common share, as compared to the second quarter 2020 earnings of $95.6 million, or $0.23 per diluted common share, and net income of $115.7 million, or $0.28 per diluted common share, for the first quarter 2021. Excluding all non-core charges, our adjusted net income (a non-GAAP measure) was $126.6 million, or $0.30 per diluted common share, for the second quarter 2021, $95.9 million, or $0.23 per diluted common share, for second quarter 2020, and $115.8 million, or $0.28 per diluted common share, for the first quarter 2021. See further details below, including a reconciliation of our adjusted net income in the "Consolidated Financial Highlights" tables.

Valley National Bancorp Reports a 26 Percent Increase in Second Quarter Net Income and Strong Net Interest Margin and Non-PPP Loan Growth

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: Wall Street Expects Earnings Growth

NEW YORK--(BUSINESS WIRE)-- #banking--Valley Bank is leveraging digital technology to re-imagine banking, creating the vision and roadmap to deliver differentiated products.

Valley Reimagining Banking through Digital

NEW YORK and WHITE PLAINS, N.Y. , June 29, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ:VLY) and The Westchester Bank Holding Corporation (“Westchester”) announced today that they have entered into a definitive merger agreement whereby Valley will acquire Westchester, parent company of The Westchester Bank. The acquisition of this high-performing commercial bank will provide Valley a physical footprint and additional commercial lending expertise in the demographically attractive Westchester County (NY) market.

Valley National Bancorp Expands Into Dynamic Westchester County, NY Market With Acquisition of High-Performing Westchester Bank Holding Corporation

NEW YORK, June 28, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its second quarter 2021 earnings before the market opens on Thursday, July 22, 2021.

Valley National Bancorp to Announce Second Quarter 2021 Earnings

Let's see if Valley National (VLY) stock is a good choice for value-oriented investors right now from multiple angles.

Is Valley National (VLY) a Worthy Stock for Value Investors?

Valley National Bancorp (VLY) CEO Ira Robbins on Q1 2021 Results - Earnings Call Transcript

Valley National (VLY) delivered earnings and revenue surprises of -3.45% and -3.35%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Valley National (VLY) Q1 Earnings and Revenues Lag Estimates

NEW YORK, April 29, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the first quarter 2021 of $115.7 million, or $0.28 per diluted common share, as compared to the first quarter 2020 earnings of $87.3 million, or $0.21 per diluted common share, and net income of $105.4 million, or $0.25 per diluted common share, for the fourth quarter 2020.

Valley National Bancorp Reports a 33 Percent Increase in First Quarter Net Income and Strong Net Interest Margin

Valley National Bancorp saw its loan loss provisions grow five-fold in 2020 but still made a handsome profit of almost $400M. The loan book is pretty conservative and investors can expect the loan loss provisions to decrease sharply this year.

Valley National Bancorp: Exposure To Commercial Estate, But At Low LTV Ratios

Valley National Bancorp is near a buy zone with earnings due on or around Apr. 29. The post Stocks To Watch Ahead Of Earnings: Valley National Bancorp appeared first on Investor's Business Daily.

Stocks To Watch Ahead Of Earnings: Valley National Bancorp

Highlights Response and Commitment to Communities during Tumultuous Year Highlights Response and Commitment to Communities during Tumultuous Year

Valley Bank Releases 2020 Corporate Social Responsibility Report

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NEW YORK, April 02, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its first quarter 2021 earnings before the market opens on Thursday, April 29, 2021.

Valley National Bancorp to Announce First Quarter 2021 Earnings

NEW YORK--(BUSINESS WIRE)--Valley Bank has partnered with Trivie, an AI-based learning platform, to better support their associates in L&D initiatives.

Valley Bank Continues Path of Innovation, Grows Culture of Learning and Development Through Partnership With Trivie

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Valley National Bancorp (VLY) CEO Ira Robbins on Q4 2020 Results - Earnings Call Transcript

Valley National (VLY) delivered earnings and revenue surprises of 3.85% and 1.06%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Valley National (VLY) Q4 Earnings and Revenues Beat Estimates

Shares of Valley National (NASDAQ:VLY) were unchanged after the company reported Q4 results. Quarterly Results Earnings per share were up 12.50% year over year to $0.27, which beat the estimate of $0.26.

News for Valley National Stock (VLY)