VALLEY NATIONAL BANCORP

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.

Valley National Bancorp reported strong second-quarter 2026 financial results, with net income reaching $170.9 million, or $0.29 per diluted common share, and adjusted net income of $172.8 million, or $0.30 per diluted common share. CEO Ira Robbins highlighted continued execution of strategic vision, leading to strong non-interest bearing deposit and C&I loan growth despite competition. The company also saw improvements in net interest margin, overall deposit and loan growth, and operational efficiency, with an expectation of further financial improvement through the remainder of the year.

Valley National Bancorp announced its regular quarterly cash dividends for both preferred and common stock. Shareholders of record on September 15, 2026, will receive these dividends. The common stock dividend of $0.11 per share, payable October 1, 2026, remains consistent with the prior quarter. Dividends for Preferred Stock Series A, B, and C are scheduled for payment on September 30, 2026.

Valley National Bancorp announced it will release its second quarter 2026 earnings before the market opens on Thursday, July 23, 2026. Following the release, CEO Ira Robbins will host a conference call at 8:30 AM ET to discuss the results. Interested parties are required to pre-register online to access the call, which will also be webcast live and archived on the company's website.

Valley National Bancorp announced its regular quarterly dividends for both preferred and common stock. Shareholders of record on June 15, 2026, will receive cash dividends of $0.499122, $0.481745, and $0.515625 per share for Series A, B, and C preferred stocks, respectively, payable on June 30, 2026. A cash dividend of $0.11 per share for common stock will be paid on July 1, 2026, which is consistent with the previous quarter's dividend.

Valley National Bancorp announced the full redemption of its 3.00% Fixed-to-Floating Rate Subordinated Notes due 2031, totaling $300,000,000. The redemption date is set for June 15, 2026, with the Notes being redeemed at 100% of their principal amount plus accrued interest. Following the redemption, no Notes will remain outstanding, and interest will cease to accrue.

Valley National Bancorp announced the pricing of $500 million of its 6.219% Fixed-to-Floating Rate Subordinated Notes due 2036. These notes are designed to qualify as Tier 2 capital for regulatory purposes. The company intends to use the net proceeds to redeem its existing 3.00% fixed-to-floating rate subordinated notes due June 15, 2031, and for general corporate purposes. The offering is anticipated to close on May 14, 2026.

Valley National Bancorp reported a significant increase in net income and earnings per common share for the first quarter of 2026. Net income available to common shareholders rose 58.1% to $156.7 million, with basic and diluted EPS reaching $0.28. This performance was supported by a 12.2% increase in net interest income and a substantial 66.2% decrease in the provision for credit losses for loans. The company also saw growth in total assets and deposits quarter-over-quarter.

Valley National Bancorp provided an investor presentation detailing its first quarter 2026 financial performance and strategic repositioning efforts. The company reported an Adjusted Return on Average Assets of 1.05% and an Adjusted Return on Average Tangible Common Equity of 11.9%, with Net Interest Margin expanding to 3.17%. Strategic initiatives have led to a significant capital build-up, reduced CRE concentration, and improved funding and liquidity, including a $6.0 billion increase in core customer deposits since 2023. Asset quality remains strong with an Allowance for Credit Losses covering 1.18% of total loans and a CET1 ratio of 10.91%.

Valley National Bancorp filed an earnings presentation for its first quarter 2026 results. The presentation includes standard forward-looking statements and outlines various risk factors. This excerpt does not contain specific financial results for the quarter.