Every material Form 8-K Valley Bank has filed with the SEC since November 15, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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
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
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
Valley National Bancorp reported fourth quarter 2025 net income of $195.4 million, or $0.33 per diluted share, up from $163.4 million, or $0.28, in the third quarter and $115.7 million, or $0.20, a year earlier. The company said its net interest margin improved, and it furnished its press release and presentation materials under Items 2.02 and 7.01.
Q4 2025 net income $195.4 million, or $0.33 per diluted share, versus $163.4 million ($0.28) in Q3 2025 and $115.7 million ($0.20) in Q4 2024
Adjusted net income (non-GAAP) was $180.2 million, or $0.31 per diluted share
Net interest margin rose 12 basis points to 3.17% from 3.05% in Q3 2025; income tax expense included an $11.4 million benefit from a closed federal audit
Non-accrual loans were $433.9 million, or 0.87% of total loans, at December 31, 2025, up from $421.5 million at September 30, 2025
Valley National Bancorp's board appointed Carlos Vazquez as an independent director on January 27, 2026, and named him to the Audit and Compensation and Human Capital Management Committees. Mr. Vazquez previously served as Executive Vice President and Chief Financial Officer of Popular, Inc. from 2013 until 2024. The appointment adds a director with senior banking finance experience, but the filing reports no financial results or changes to company operations.
Board appointed Carlos Vazquez as director on January 27, 2026, to serve until the next annual shareholder meeting
Mr. Vazquez is designated independent and will serve on the Audit and Compensation and Human Capital Management Committees
Previously Executive Vice President and CFO of Popular, Inc. from 2013 until 2024, and a board member of Federal Home Loan Bank of New York from 2013 until 2024
Valley National Bancorp reported third quarter 2025 net income of $163.4 million, or $0.28 per diluted share, up from $133.2 million ($0.22) in the second quarter and $97.9 million ($0.18) a year earlier. Net interest margin rose to 3.05%, and the provision for credit losses fell to $19.2 million, while non-accrual loans increased to $421.5 million, which shareholders may want to watch.
Net income of $163.4 million, or $0.28 per diluted share, versus $133.2 million ($0.22) in Q2 2025 and $97.9 million ($0.18) in Q3 2024
Net interest margin of 3.05%, up 4 basis points from 3.01% in Q2 2025
Non-accrual loans rose to $421.5 million (0.86% of total loans) from $354.4 million (0.72%) at June 30, 2025
Provision for credit losses on loans was $19.2 million, down from $37.8 million in Q2 2025; the company repurchased 1.3 million shares at an average $9.38 in Q3
Valley National Bancorp reported second quarter 2025 net income of $133.2 million, or $0.22 per diluted share, up from $70.4 million, or $0.13 per share, a year earlier and $106.1 million in the first quarter. The company said its provision for credit losses fell to $37.8 million from $82.1 million a year earlier, while non-accrual loans and accruing past due loans rose, which shareholders may watch in future quarters.
Net income of $133.2 million, or $0.22 per diluted share, versus $106.1 million, or $0.18, in Q1 2025 and $70.4 million, or $0.13, in Q2 2024
Net interest margin on a tax equivalent basis was 3.01 percent, up 5 basis points from 2.96 percent in Q1 2025
Provision for credit losses was $37.8 million, down from $62.7 million in Q1 2025 and $82.1 million in Q2 2024
Accruing past due loans rose to $199.2 million from $51.7 million at March 31, 2025, mainly due to three CRE loans
Valley reported first quarter 2025 net income of $106.1 million, or $0.18 per diluted share, up from $96.3 million a year earlier but down from $115.7 million, or $0.20 per share, in the fourth quarter of 2024. Per-share earnings were flat year over year, and the CEO said lower credit provisions and a better funding base helped the quarter. The filing also furnishes investor presentation materials for the first quarter 2025 investor conference.
Net income was $106.1 million, or $0.18 per diluted share, versus $115.7 million, or $0.20, in Q4 2024 and $96.3 million, or $0.18, in Q1 2024.
Net interest margin on a tax equivalent basis rose to 2.96% from 2.92% in Q4 2024.
Provision for credit losses was $62.7 million, down from $107.0 million in Q4 2024; net loan charge-offs were $41.9 million.
Total loans fell $142.6 million to $48.7 billion and total deposits fell $110.0 million to $50.0 billion from December 31, 2024.
Valley National Bancorp's board appointed Eyal Efrat as a director on March 12, 2025, filling a seat designated by Bank Leumi under the Investor Rights Agreement. He replaces Avner Mendelson, who resigned from the board on January 24, 2025, and will serve on the Risk Committee and Cyber and Technology Sub-Committee. The filing describes a board appointment with no financial figures, so it is administrative for shareholders.
Eyal Efrat appointed as a director on March 12, 2025, and determined to be independent
Efrat replaces Avner Mendelson, whose resignation was tendered January 24, 2025, as Bank Leumi's designee
Efrat joins the Risk Committee and Cyber and Technology Sub-Committee
Efrat is currently First Executive Vice President & Chief Information Officer at Bank Leumi Le-Israel
On March 3, 2025, Valley National Bancorp announced several senior executive changes. Gino Martocci, formerly Head of Commercial and Commercial Real Estate Banking at M&T Bank, will become Senior Executive Vice President and President of Commercial Banking effective March 31, 2025, succeeding Joseph Chillura, who will separate from the company June 30, 2025. Travis Lan was promoted to Senior Executive Vice President and Chief Financial Officer effective immediately, with his base salary raised 25%, target bonus raised 50% and target long-term incentive award raised 76%, and Russell Barrett was named Chief Operating Officer effective immediately.
Gino Martocci joins as President of Commercial Banking effective March 31, 2025, with over 30 years of banking experience
Joseph Chillura leaves the commercial banking president role March 31, 2025 and separates from the company June 30, 2025; the filing says his departure is not due to any disagreement
Travis Lan named Senior Executive Vice President, CFO effective immediately; base salary up 25%, target bonus up 50%, target long-term incentive up 76%
Russell Barrett named Senior Executive Vice President, Chief Operating Officer effective immediately; he joined in 2021
Valley National Bancorp said director Avner Mendelson, a non-employee director who was Bank Leumi's designee, resigned from its board effective immediately, with notice given January 24, 2025. The company said the resignation was not due to any disagreement with the company, Valley National Bank or management, and Bank Leumi plans to seek a new designee to fill the seat. For shareholders, this is a routine board change that does not alter reported financial results.
Avner Mendelson notified the company of his resignation on January 24, 2025, effective immediately.
Mendelson was appointed as Bank Leumi's designee under the Investor Rights Agreement dated April 1, 2022.
The company states the resignation was not due to any disagreement with the company, Valley National Bank or management.
Bank Leumi intends to seek appointment of a new designee to the board.
Valley National Bancorp reported fourth quarter 2024 net income of $115.7 million, or $0.20 per diluted share, up from $97.9 million in the third quarter. Excluding non-core items, adjusted net income was $75.7 million, or $0.13 per share, down from $96.8 million in the third quarter, and the reported figure was helped by a $26.7 million income tax benefit. Shareholders also face higher credit costs, with a $107.0 million provision for loan credit losses and $98.3 million in net loan charge-offs.
Net income was $115.7 million, or $0.20 per diluted share, versus $97.9 million, or $0.18, in Q3 2024 and $71.6 million, or $0.13, in Q4 2023.
Adjusted net income was $75.7 million, or $0.13 per diluted share, versus $96.8 million, or $0.18, in Q3 2024.
The quarter included a $26.7 million income tax benefit, mostly from a $46.4 million reduction in uncertain tax liabilities.
Net interest margin rose 6 basis points to 2.92% from 2.86% in Q3 2024; the provision for loan credit losses was $107.0 million versus $75.0 million in Q3 2024.
Valley National Bancorp said its President, Thomas A. Iadanza, notified the company on December 11, 2024 that he will retire, effective June 30, 2025. He will stay in the role until then to help the Board and executive team handle a smooth transition of his duties. The change affects a senior executive position, but the filing does not report any financial results or guidance.
Thomas A. Iadanza, President of the Company and Valley National Bank, will retire effective June 30, 2025.
Mr. Iadanza has been with the company for 13 years and has more than 45 years in banking.
He will work with the Board and executive leadership team on the transition until his retirement.
The filing includes a press release dated December 11, 2024 announcing the retirement.
Valley National Bancorp's Board adopted an Executive Severance Plan on December 3, 2024, effective January 1, 2025, covering certain key employees other than the CEO. The plan sets severance formulas for termination with and without a change in control and is intended to phase out individual severance and change-in-control agreements with executive officers.
Board adopted the plan on December 3, 2024, effective January 1, 2025, on the Compensation and Human Capital Management Committee's recommendation.
Outside a change-in-control period, President-level participants receive 2x base salary plus 1x target bonus plus a prorated target bonus, with SEVP and EVP levels receiving lower multiples.
During the two-year period after a change in control, President and SEVP participants receive 2x base salary plus 2x target bonus; EVP participants receive 2x base salary plus 1x target bonus.
The Committee may amend or end the plan before a change in control with 12 months' prior written notice to participants, and no change may take effect during the Covered Period.
Valley National Bancorp's board appointed Nitzan Sandor, Senior Executive Vice President and Chief Legal Counsel of Bank Leumi, as a director on November 14, 2024. She replaces Dafna Landau as Bank Leumi's designee under the Investor Rights Agreement, and the board deemed her independent. The filing describes a board seat change and committee assignments rather than a change in financial results.
Nitzan Sandor appointed director on November 14, 2024, serving until the next annual shareholder meeting
Board determined Ms. Sandor is independent and assigned her to the Nominating, Governance and Corporate Sustainability Committee and the Risk Committee
Ms. Sandor replaces Dafna Landau as Bank Leumi's designee under the Investor Rights Agreement dated April 1, 2022
Ms. Sandor will receive compensation under the non-employee director program described in the April 5, 2024 proxy statement
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