Oct 22, 7:11 AM ET
Valley National Bancorp reported third quarter 2026 net income of $206.3 million, or $0.36 per diluted share, up from $170.9 million, or $0.29, in the second quarter 2026 and $163.4 million, or $0.28, in the third quarter 2025. Higher net interest income and a lower effective tax rate drove the improvement, though non-accrual loans rose to $511.4 million.
- Net income of $206.3 million, or $0.36 per diluted share, versus $170.9 million ($0.29) in Q2 2026 and $163.4 million ($0.28) in Q3 2025
- Net interest margin of 3.28 percent, up from 3.20 percent in Q2 2026 and 3.05 percent in Q3 2025
- Non-accrual loans rose to $511.4 million, or 0.96 percent of total loans, from $462.6 million at June 30, 2026
- Pending acquisitions of Providence Financial Corporation and Bluevine Inc. are expected to close in early 2027
Read the filing on SEC.gov ↗
Jul 23, 7:05 AM ET
Valley National Bancorp reported second quarter 2026 net income of $170.9 million, or $0.29 per diluted share, up from $163.9 million, or $0.28, in the first quarter and $133.2 million, or $0.22, in the second quarter of 2025. Non-accrual loans rose to $462.6 million from $432.6 million in the first quarter, and the provision for credit losses for loans increased to $29.2 million from $21.2 million, so higher profit came alongside weaker credit indicators.
- Net income of $170.9 million, or $0.29 per diluted share, versus $0.28 in Q1 2026 and $0.22 in Q2 2025
- Net interest margin of 3.20 percent, up 3 basis points from Q1 2026 and 19 basis points from Q2 2025
- Non-accrual loans rose to $462.6 million, or 0.88 percent of total loans, at June 30, 2026 from $432.6 million at March 31, 2026
- Repurchased 1.5 million shares during the quarter at an average price of $13.40
Read the filing on SEC.gov ↗
May 14, 4:33 PM ET
Valley National Bancorp completed the sale of $500 million of 6.219% fixed-to-floating rate subordinated notes due June 1, 2036, on May 14, 2026. The company estimates net proceeds of about $494.1 million and intends to use the proceeds to redeem its $300 million 3.00% notes due 2031, which it will redeem in full on June 15, 2026 at par plus accrued interest.
- Notes priced at $500 million, 6.219% fixed until June 1, 2031, then three-month term SOFR plus 243 basis points
- Estimated net proceeds of approximately $494.1 million after underwriting discounts and expenses
- Company will redeem its $300 million 3.00% subordinated notes due 2031 in full on June 15, 2026 at 100% of principal plus accrued interest
- Notes are intended to qualify as Tier 2 capital for regulatory purposes
Read the filing on SEC.gov ↗
Apr 23, 7:05 AM ET
Valley National Bancorp reported first quarter 2026 net income of $163.9 million, or $0.28 per diluted share. That was up from $106.1 million, or $0.18 per share, a year earlier but down from $195.4 million, or $0.33 per share, in the fourth quarter of 2025. Net interest margin was 3.17 percent, up 21 basis points from a year earlier, and the company repurchased 4.0 million shares during the quarter.
- Net income $163.9 million, $0.28 per diluted share, versus $195.4 million, $0.33 in Q4 2025 and $106.1 million, $0.18 in Q1 2025
- Adjusted net income (non-GAAP) $168.9 million, $0.29 per diluted share, versus $180.2 million, $0.31 in Q4 2025
- Net interest margin 3.17 percent, unchanged from Q4 2025 and up 21 basis points from Q1 2025
- Non-interest expense rose $10.5 million to $309.9 million from Q4 2025; provision for credit losses for loans was $21.2 million, versus $62.7 million in Q1 2025
Read the filing on SEC.gov ↗
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