Valley Q2 net income rises to $170.9 million, or $0.29 per share from $0.22 a year earlier
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.