Quarterly ResultAug 6, 2026, 04:29 PM
Valley National Bancorp Q2 Diluted EPS $0.29, Net Income Up 28.3%
AI Summary
Valley National Bancorp reported a significant increase in its second-quarter 2026 financial results. Diluted earnings per common share rose to $0.29, up from $0.22 in the prior year. Net income for the quarter increased by 28.3% to $170.9 million, driven by higher net interest income and non-interest income, alongside a decrease in the provision for credit losses. The company's total assets grew to $66.32 billion and total deposits reached $54.12 billion.
Key Highlights
- Diluted EPS increased to $0.29 in Q2 2026 from $0.22 in Q2 2025.
- Net income rose 28.3% to $170.9 million for the three months ended June 30, 2026.
- Net interest income grew 12.6% to $487.0 million in Q2 2026.
- Total non-interest income increased 17.7% to $73.7 million.
- Provision for credit losses for loans decreased 22.8% to $29.2 million.
- Total assets reached $66.32 billion as of June 30, 2026.
- Total deposits were $54.12 billion as of June 30, 2026.
- Total shareholders' equity was $7.92 billion as of June 30, 2026.
Price Impact
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