Valley National

Valley National Bancorp is a bank holding company, which engages in the provision of retail and commercial banking services. It operates through the following segments: Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments. The Consumer Lending segment consists of residential mortgage loans, automobile loans and home equity loans, as well as wealth management and insurance services. The Commercial Lending segment includes floating rate and adjustable rate commercial and industrial loans as well as fixed rate owner occupied and commercial real estate loans. The Investment Management segment refers to investments in various types of securities and interest-bearing deposits with other banks. The Corporate and Other Adjustments segment represents the income and expense items not directly attributable to a specific segment. The company was founded on November 12, 1982 and is headquartered in New York, NY.

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Earnings data Q4 2024

Valley National reports strong Q4 earnings, eyes growth amidst challenges

Valley National's Q4 2022 performance reflects growth and stability, supported by strong financial metrics and strategic initiatives.
Efficient cost management, sustained credit excellence, and a focus on diversification position Valley well for future success.
Challenges from NIM pressure and economic uncertainties require cautious navigation, but opportunities for revenue growth and efficiency improvements exist.
Overall, Valley National's prudent approach to credit, focus on growth opportunities, and commitment to efficiency bode well for its future performance.

Valley National reports resilient Q1 performance and eyes strategic growth

Valley National Bancorp's Q1 2023 performance showcased resilience amidst seasonal factors, with adjusted figures reflecting a robust financial position and strong credit culture.
The bank's focus on driving shareholder value through industry-leading service, diverse loan portfolios, and strategic growth opportunities positions it well for future growth and profitability.
While facing challenges such as increasing deposit costs and rising cap rates in real estate sectors, Valley National remains proactive in risk management and open to strategic opportunities for growth.

Valley National Bank reports robust Q2 earnings amidst growth opportunities

Valley National Bank delivered strong earnings, showcasing solid performance across key metrics. While facing challenges such as declining net interest income and rising expenses, the bank is focused on leveraging growth opportunities through selective lending and cost-saving initiatives. With a conservative balance sheet approach and a focus on sustainable growth, Valley National is well-positioned for the future.

Valley National reports solid Q3 earnings amidst loan growth challenges

Valley National's Q3 performance was strong, marked by solid earnings and operational improvements. While facing challenges in loan growth and revenue pressures, the bank is focused on controlling expenses and leveraging growth opportunities. With a strategic focus on organic growth and technology enhancements, Valley is poised for future success.

Valley National (VLY) reports robust Q4 earnings and targets sustainable growth in 2024

Valley National (VLY) delivered strong financial performance in Q4 2023, focusing on customer growth and technology enhancements. While facing challenges in deposit pricing and efficiency, the company is poised for growth through strategic imperatives and opportunities in core deposits and C&I lending. With a clear focus on profitability and return on equity, Valley National aims for sustained growth in 2024.

Valley National reports solid Q1 earnings, eyes growth opportunities

Valley National's Q1 2024 performance reflects solid earnings, efficient cost management, and confidence in credit quality and balance sheet strength.
Strategic focus on growing tangible book value, optimizing capital, and exploring growth opportunities positions the company for sustainable growth.
Challenges in loan growth, managing CRE concentration, and enhancing loan yields require strategic initiatives to drive profitability and risk management.

Valley National reports solid Q2 earnings, eyes growth opportunities

Valley National's Q2 2024 earnings call highlighted strong financial performance and strategic initiatives to enhance balance sheet metrics. The bank aims for steady growth in loan and interest income while emphasizing conservative risk management practices. Challenges lie in managing expenses and navigating economic uncertainties, but opportunities for growth and risk mitigation strategies are in focus.

Valley National reports strong Q3 earnings, plans CRE loan sale

Valley National's Q3 performance showed significant improvement driven by revenue growth and cost management strategies.
The company aims to balance loan growth opportunities with challenges such as potential credit performance normalization and CRE concentration management.
Despite facing challenges, Valley remains optimistic about fee income growth and is focused on achieving its near-term CET1 goal by the end of 2024.

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Valley National Bancorp is a bank and financial holding company, which engages in the provision of retail and commercial banking services. It operates through the following segments: Commercial Banking, Consumer Banking, and Treasury and Corporate Other. The Commercial Banking segment includes commercial and industrial loans, and commercial real estate loans. The Consumer Banking segment refers to residential mortgage loans, other consumer loans, and wealth management. The Treasury and Corporate Other segment relate to treasury managed held to maturity and available for sale debt securities portfolios. The company was founded in 1927 and is headquartered in Morristown, NJ.

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The banking sector is not completely out of the woods from the industry crisis experienced earlier this year, but if you are a value investor, this works to your advantage investing in bank stocks. A myriad of concerns, including the steep rise in interest rates (affecting the value of bank loan and bond portfolios), big exposure to the commercial real estate sector (currently in meltdown mode), as well as the possibility of a recession next year, continue to weigh on bank stock valuations.

The 7 Most Undervalued Bank Stocks to Buy in September 2023

Valley National Bancorp stock VLY, +2.83% was up 4.3% in premarket trades on Tuesday after Hovde Group upgraded the company to outperform from market perform, with a price target of $11.50 a share. While the stock has risen 10% in the last eight trading days, “we see more room to run at this price level,” said Hovde analyst Nick Cucharale.

Valley National Bancorp upgraded to outperform, stock rises

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S&P Global recently downgraded five U.S. banks, citing increased funding costs and deposit outflows. The recent downgrades come weeks after Moody's downgraded 10 regional banks for similar reasons.

S&P Global Just Downgraded These 5 Banks. Here's What Investors Should Know.

A look at the Financial Select Sector SPDR Fund NYSEARCA: XLF chart, you'll see financials aren't exactly being pummeled after S&P's downgrade of five bank stocks.

S&P Downgrades 5 Banks: What Does It Mean For The Market?

More U.S. banks have been hit with credit rating downgrades, the latest development threatening to make borrowing more difficult for businesses and individuals.

S&P Downgrade of Banks' Credit Could Make Borrowing Even Tougher

S&P Global Ratings has downgraded five regional banks and put several others on a negative outlook due to the increasingly difficult operating environment for US lenders. The move came as shares of Republic Bank parent Republic First Bancorp tumbled over 40% after it told investors it will be delisted from the Nasdaq on Wednesday after failing to submit its 2022 Form 10-K annual report with the Securities and Exchange Commission.

S&P downgrades five US banks as rising interest rates threaten liquidity

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U.S. banks and regional banks fell across the board on Tuesday, after S&P Global Ratings downgraded five smaller players after a review of risk related to funding, liquidity and asset quality with a focus on office commercial real estate.

U.S. banks and regional lenders slide across the board as S&P is latest to downgrade ratings

S&P Global downgrades the credit ratings of several U.S. banks two weeks after Moody's took similar action.

After Moody's, US Banks' Ratings Downgraded by S&P Global

S&P Global Ratings downgraded five regional U.S. banks by one notch and lowered its outlook for several other lenders, following a similar move by Moody's.

S&P downgrades multiple US banks citing 'tough' lending environment

KeyCorp, the Cleveland-based retail bank, had its long-term ratings lowered by S&P from "BBB+" to "BBB."

S&P downgrades regional banks as rising interest rates pressure profits

S&P Global Ratings downgraded the ratings of five regional banks late Monday by a single notch, after a review that focused on risks relating to funding, liquidity and asset quality with an emphasis on office commercial real estate. The rating agency cut its rating on Associated Banc.

S&P Global Ratings downgrades five U.S. regional banks after review of risk

S&P Global Ratings downgraded five regional US banks by one notch and signaled a negative outlook for several others on Monday.

S&P downgrades five US banks following Moody's lead

S&P Global on Monday cut credit ratings and revised its outlook for multiple U.S. banks, following a similar move by Moody's, warning that funding risks and weaker profitability will likely test the sector's credit strength.

S&P downgrades multiple US banks citing 'tough' operating conditions

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Valley National was up 32%, while Eagle was up 31% and Comerica gained 27% in July. One of these bank stocks stands out as a better option for investors.

Why Comerica, Valley National, and Eagle Bancorp Stocks Soared in July

Valley National Bancorp VLY, +0.98% stock was down 1.5% in premarket trades on Tuesday after the financial company's second-quarter profit and revenue fell short of estimates, and Hovde Group analysts downgraded the stock to market perform from outperform, while hiking its price target by $1 to $11 a share. Hovde Group analysts said challenges remain for the company even as it targets $40 million in in cost savings initiatives.

Valley National Bancorp stock drops after its profit and revenue fall short of expectations

Higher interest expenses hurt Valley National's (VLY) Q2 earnings.

Valley National (VLY) Down 2.5% on Q2 Earnings & Revenue Miss

The headline numbers for Valley National (VLY) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Valley National (VLY) Q2 Earnings: A Look at Key Metrics

NEW YORK, July 27, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the second quarter 2023 of $139.1 million, or $0.27 per diluted common share, as compared to the second quarter 2022 net income of $96.4 million, or $0.18 per diluted common share, and net income of $146.6 million, or $0.28 per diluted common share, for the first quarter 2023. Excluding all non-core charges, our adjusted net income (a non-GAAP measure) was $147.1 million, or $0.28 per diluted common share, for the second quarter 2023, $165.8 million, or $0.32 per diluted common share, for second quarter 2022, and $154.5 million, or $0.30 per diluted common share, for the first quarter 2023. See further details below, including a reconciliation of our non-GAAP adjusted net income, in the "Consolidated Financial Highlights" tables.

Valley National Bancorp Announces Second Quarter 2023 Results

Valley National Bancorp gets a strong buy rating today. Positives: dividend yield near 5% and above average, valuation below average, capital/liquidity strength, net income growth, share price vs 200-day SMA is in buying range. Headwinds: none.

A Near 5% Dividend Yield At Valley National Bancorp, A Strong Buy

NEW YORK, July 12, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its second quarter 2023 earnings before the market opens on Thursday, July 27, 2023.

Valley National Bancorp to Announce Second Quarter 2023 Earnings

Amid the current turmoil in the banking sector, Investors may accumulate solid dividend-yielding stocks like Valley National (VLY) in their portfolios.

Is Valley National (VLY) Worth a Look on 5.4% Dividend Yield?

Opportunistic acquisitions, decent loan demand and higher rates support Valley National's (VLY) financials amid elevated expenses and loan concentration.

Valley National (VLY) Rides on Buyouts & Rates Amid High Costs

Valley National Bancorp's first quarter earnings showed a reversing trend in net income, despite interest income more than double that of the previous year's first quarter. Over $30 billion of the bank's $48 billion loan portfolio is tied up in commercial real estate, with 84% of the commercial real estate portfolio not owner-occupied. The bank's high loan-to-deposit ratio and exposure to low interest commercial real estate loans led me to sell their holdings, citing concerns over concentrated risks.

Valley National Bancorp: Why I Sold The Series A Preferred Shares

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NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA affirms the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Wayne, New Jersey based Valley National Bancorp (NASDAQ: VLY) (“the company”). Additionally, KBRA affirms the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for lead subsidiary, Valley National Bank. The Outlook for all long-term rat- ings is Stable.

News for Valley National Stock (VLY)