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. 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.

Valley National Bancorp to Announce Fourth Quarter 2021 Earnings

Valley National (VLY) receives regulatory approval to acquire Bank Leumi Le-Israel B.M.'s U.S. banking arm.

Valley National (VLY) Gets Regulatory Nod to Buy Bank Leumi USA

NEW YORK, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced today it has received regulatory approval from the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency to complete 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 Regulatory Approval for the Acquisition of Bank Leumi USA From the Federal Reserve Bank of New York and the Office of the Comptroller of the Currency

Acquisition-driven loan growth will likely boost the net interest income for next year. The rising interest-rate environment will help lift the moderately-sensitive net interest margin.

Valley National Bancorp: Acquisition-Related Benefits In The Limelight

WAYNE, N.J.--(BUSINESS WIRE)-- #newpresident--Valley National Bank announces the promotion of Thomas Iadanza to President and Ira Robbins remains Chief Executive Officer.

Valley Bank Names Tom Iadanza President

Valley National (VLY) completes the acquisition of Westchester. The merger will provide it with a physical footprint and additional commercial lending expertise in the Westchester County market.

Valley National (VLY) Closes Westchester Deal Amid Buyout Spree

NEW YORK, Dec. 01, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced that its merger with The Westchester Bank Holding Corporation (“Westchester”) was completed effective December 1, 2021.

Valley National Bancorp Announces The Completion of Its Merger With the Westchester Bank Holding Corporation

NEW YORK, Nov. 23, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Valley National Bancorp ("VLY" or the "Company") (VLY) relating to its proposed acquisition of Bank Leumi Le-Israel Corporation. Under the terms of the agreement, Lemui shareholders will receive 3.8025 shares of VLY and $5.08 in cash per share.

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Valley National Bancorp - VLY

WAYNE, N.J.--(BUSINESS WIRE)-- #nationaldeposits--Valley Bank creates National Deposits Group to help businesses meet their short term liquidity needs.

Valley Bank Announces National Deposits Group

NEW ORLEANS, Nov. 2, 2021 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

VALLEY NATIONAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Valley National Bancorp - VLY

Aurora Cannabis

Agrify

Canopy Growth

Tilray Brands

Turning Point Brands

Welcome back to our weekly series,  Schaeffer's Cannabis Stock News Update , where we recap what happened in the world of marijuana stocks and look ahead to how the cannabis industry continues to shape up in 2021.

Cannabis Stocks in Focus This week

Valley National Bancorp (VLY) CEO Ira Robbins on Q3 2021 Results - Earnings Call Transcript

Valley National (VLY) delivered earnings and revenue surprises of 0.00% and 1.03%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Valley National (VLY) Q3 Earnings Match Estimates

NEW YORK, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2021 of $122.6 million, or $0.29 per diluted common share, as compared to the third quarter 2020 earnings of $102.4 million, or $0.25 per diluted common share, and net income of $120.5 million, or $0.29 per diluted common share, for the second quarter 2021. Excluding non-core charges, our adjusted net income (a non-GAAP measure) was $124.7 million, or $0.30 per diluted common share, for the third quarter 2021, $104.2 million, or $0.25 per diluted common share, for third quarter 2020, and $126.6 million, or $0.30 per diluted common share, for the second 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 20 Percent Increase in Third Quarter Net Income, Solid Net Interest Margin and Non-PPP Loan Growth

NEW YORK, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, (“Valley”) announced that regulatory approvals for the previously announced acquisition of The Westchester Bank Holding Corporation (“Westchester”), and its banking subsidiary The Westchester Bank has been received from the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the New York State Department of Financial Services. No further regulatory approvals are required to complete the acquisition and merger of Westchester into Valley. Westchester stockholders had previously approved the merger on October 5, 2021.

Valley National Bancorp Announces the Receipt of Required Regulatory Approvals for the Acquisition of the Westchester Bank Holding Corporation

NEW YORK--(BUSINESS WIRE)--Valley National Bank, a subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today that it is creating a new digital payment platform designed specifically for cannabis-related businesses. Valley Pay, Valley's new digital payment solution, will migrate cash usage to a secure, web application, easing the burden on cannabis operators who are reliant on cash transactions today. The cannabis industry remains heavily reliant on cash transactions to conduct busines

Valley Bank Launches New Digital Payment App for Cannabis Industry

The acquisition will have a positive impact on local communities by pairing a team of seasoned experts in tax credit investment advisory services with one of the premiere commercial real estate lenders in the country The acquisition will have a positive impact on local communities by pairing a team of seasoned experts in tax credit investment advisory services with one of the premiere commercial real estate lenders in the country

Valley National Bancorp Acquires Dudley Ventures and its Affiliates

NEW YORK, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its third quarter 2021 earnings before the market opens on Thursday, October 28, 2021.

Valley National Bancorp to Announce Third Quarter 2021 Earnings

Valley National Bancorp just received an analyst upgrade after announcing the acquisition of the U.S. subsidiary of Bank Leumi Le Israel.

Wall Street Just Upgraded This Stock, and I Think There's More Room to Grow

The two acquisitions in the coming quarters will boost the loan portfolio, improve efficiency, and reduce some of the excess liquidity on VLY's books. Upcoming maturities of liabilities and normalization of provisions expense will also support earnings.

Valley National Bancorp: Upcoming Acquisitions To Mop-Up Some Excess Liquidity, Boost The Balance Sheet

Valley National (VLY) signs a deal to acquire Bank Leumi Le-Israel B.M.'s U.S. banking arm for $1.15 billion.

Valley National (VLY) Agrees to Buy Bank Leumi USA for $1.15B

Valley National (VLY) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Valley National (VLY) Moves 6.9% Higher: Will This Strength Last?

NEW YORK, Sept. 23, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Valley National Bancorp ("Valley National" or the "Company") (NASDAQ: VLY) in connection with the Company's proposed acquisition of Bank Leumi Le-Israel Corporation ("Leumi").

News for Valley National Stock (VLY)