NASDAQ: VLY
VALLEY NATIONAL BANCORPCIK 0000714310 · SIC 6021 · National Commercial Banks
Mega by assets
Assets $66.3B
as of Aug 27, 2026
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8-K
Filed Aug 25, 2026
· Period ending Aug 25, 2026
Summary not yet generated.
10-Q
Filed Aug 6, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
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8-K
Filed Jul 23, 2026
· Period ending Jul 23, 2026
Summary not yet generated.
8-K
Filed May 18, 2026
· Period ending May 18, 2026
Summary not yet generated.
424B5
Filed May 13, 2026
Summary not yet generated.
424B5
Filed May 11, 2026
Summary not yet generated.
10-Q
Filed May 7, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
10-K
Filed Feb 27, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-K
Filed Feb 28, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
424B5
Filed Nov 12, 2024
Summary not yet generated.
424B3
Filed Aug 30, 2021
Summary not yet generated.
424B3
Filed Sep 25, 2019
Summary not yet generated.
10-Q/A
Filed Jul 1, 2019
· Period ending Mar 31, 2019
Summary not yet generated.
424B3
Filed Nov 9, 2017
Summary not yet generated.
10-K/A
Filed May 1, 2015
· Period ending Dec 31, 2014
Summary not yet generated.
Latest financial statements
From 10-Q filed Aug 6, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Income (Unaudited)
(in thousands, except for per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Interest Income | ||||
| Interest and fees on loans | 736,060 | 720,282 | 1,444,700 | 1,423,891 |
| Interest and dividends on investment securities: | ||||
| Taxable | 76,113 | 67,164 | 149,921 | 131,062 |
| Tax-exempt | 5,048 | 4,681 | 9,766 | 9,383 |
| Dividends | 5,771 | 5,528 | 10,571 | 11,192 |
| Interest on federal funds sold and other short-term investments | 6,383 | 7,357 | 17,141 | 14,236 |
| Total interest income | 829,375 | 805,012 | 1,632,099 | 1,589,764 |
| Interest Expense | ||||
| Interest on deposits: | ||||
| Savings, NOW and money market | 190,973 | 203,390 | 381,758 | 403,611 |
| Time | 112,693 | 129,324 | 219,371 | 254,393 |
| Interest on short-term borrowings | 6,047 | 1,736 | 6,283 | 4,682 |
| Interest on long-term borrowings and junior subordinated debentures | 32,638 | 38,154 | 66,138 | 74,565 |
| Total interest expense | 342,351 | 372,604 | 673,550 | 737,251 |
| Net Interest Income | 487,024 | 432,408 | 958,549 | 852,513 |
| (Credit) provision for credit losses for available for sale and held to maturity securities | (2) | 4 | 10 | (10) |
| Provision for credit losses for loans | 29,166 | 37,795 | 50,410 | 100,470 |
| Net Interest Income After Provision for Credit Losses | 457,860 | 394,609 | 908,129 | 752,053 |
| Non-Interest Income | ||||
| Wealth management and trust fees | 17,655 | 14,056 | 33,661 | 29,087 |
| Insurance commissions | 3,770 | 3,430 | 6,637 | 6,832 |
| Capital markets | 12,933 | 9,767 | 23,314 | 16,707 |
| Service charges on deposit accounts | 18,728 | 14,705 | 36,932 | 27,431 |
| Gains (losses) on securities transactions, net | 50 | (1) | 71 | 45 |
| Fees from loan servicing | 3,268 | 3,671 | 6,486 | 6,886 |
| Gains on sales of loans, net | 1,742 | 2,025 | 4,832 | 4,222 |
| Bank owned life insurance | 5,913 | 6,019 | 11,748 | 10,796 |
| Other | 9,652 | 8,932 | 18,866 | 18,892 |
| Total non-interest income | 73,711 | 62,604 | 142,547 | 120,898 |
| Non-Interest Expense | ||||
| Salary and employee benefits expense | 150,432 | 145,422 | 306,147 | 288,040 |
| Net occupancy expense | 27,179 | 25,483 | 54,361 | 51,371 |
| Technology, furniture and equipment expense | 33,247 | 30,667 | 65,125 | 60,563 |
| FDIC insurance assessment | 11,691 | 12,192 | 22,167 | 25,059 |
| Amortization of other intangible assets | 6,268 | 7,427 | 13,187 | 15,446 |
| Professional and legal fees | 29,533 | 19,970 | 54,675 | 35,640 |
| Loss on extinguishment of debt | — | 922 | — | 922 |
| Amortization of tax credit investments | 16,157 | 9,134 | 32,171 | 18,454 |
| Other | 36,616 | 32,905 | 73,216 | 65,245 |
| Total non-interest expense | 311,123 | 284,122 | 621,049 | 560,740 |
| Income Before Income Taxes | 220,448 | 173,091 | 429,627 | 312,211 |
| Income tax expense | 49,563 | 39,924 | 94,829 | 72,986 |
| Net Income | 170,885 | 133,167 | 334,798 | 239,225 |
| Dividends on preferred stock | 7,316 | 6,948 | 14,533 | 13,903 |
| Net Income Available to Common Shareholders | 163,569 | 126,219 | 320,265 | 225,322 |
| Earnings Per Common Share: | ||||
| Basic | 0.30 | 0.23 | 0.58 | 0.40 |
| Diluted | 0.29 | 0.22 | 0.57 | 0.40 |
Consolidated Statements of Financial Condition
(in thousands, except for share data)
| Description | June 30, 2026 (Unaudited) | December 31, 2025 |
|---|---|---|
| Cash and due from banks | 388,741 | 315,166 |
| Interest bearing deposits with banks | 578,148 | 1,268,399 |
| Investment securities: | ||
| Equity securities | 88,541 | 82,774 |
| Trading debt securities | 26,493 | — |
| Available for sale debt securities | 4,292,148 | 4,202,218 |
| Held to maturity debt securities (net of allowance for credit losses of $744 at June 30, 2026 and $734 at December 31, 2025) | 3,757,200 | 3,495,837 |
| Total investment securities | 8,164,382 | 7,780,829 |
| Loans held for sale (includes fair value of $4,940 at June 30, 2026 and $8,212 at December 31, 2025 for loans originated for sale) | 13,690 | 26,236 |
| Loans | 52,467,251 | 50,136,728 |
| Less: Allowance for loan losses | (590,600) | (583,400) |
| Net loans | 51,876,651 | 49,553,328 |
| Premises and equipment, net | 316,364 | 330,757 |
| Lease right of use assets | 298,807 | 313,891 |
| Bank owned life insurance | 742,230 | 738,090 |
| Accrued interest receivable | 250,703 | 243,897 |
| Goodwill | 1,868,936 | 1,868,936 |
| Other intangible assets, net | 89,199 | 100,875 |
| Other assets | 1,730,457 | 1,592,321 |
| Total Assets | 66,318,308 | 64,132,725 |
| Liabilities | ||
| Deposits: | ||
| Non-interest bearing | 12,549,527 | 12,155,500 |
| Interest bearing: | ||
| Savings, NOW and money market | 28,666,443 | 28,603,470 |
| Time | 12,902,637 | 11,424,123 |
| Total deposits | 54,118,607 | 52,183,093 |
| Short-term borrowings | 433,484 | 91,475 |
| Long-term borrowings | 2,607,222 | 2,908,579 |
| Junior subordinated debentures issued to capital trusts | 57,977 | 57,803 |
| Lease liabilities | 355,482 | 372,448 |
| Accrued expenses and other liabilities | 828,392 | 711,629 |
| Total Liabilities | 58,401,164 | 56,325,027 |
| Shareholders’ Equity | ||
| Preferred stock, no par value; 50,000,000 authorized shares: | ||
| Series A (4,600,000 shares issued at June 30, 2026 and December 31, 2025) | 111,590 | 111,590 |
| Series B (4,000,000 shares issued at June 30, 2026 and December 31, 2025) | 98,101 | 98,101 |
| Series C (6,000,000 shares issued at June 30, 2026 and December 31, 2025) | 144,654 | 144,654 |
| Common stock (no par value, authorized 650,000,000 shares; issued 560,878,750 shares at June 30, 2026 and December 31, 2025) | 196,730 | 196,730 |
| Surplus | 5,458,768 | 5,464,845 |
| Retained earnings | 2,103,922 | 1,912,933 |
| Accumulated other comprehensive loss | (99,617) | (74,379) |
| Treasury stock, at cost (7,809,650 common shares at June 30, 2026 and 4,260,729 common shares at December 31, 2025) | (97,004) | (46,776) |
| Total Shareholders’ Equity | 7,917,144 | 7,807,698 |
| Total Liabilities and Shareholders’ Equity | 66,318,308 | 64,132,725 |
Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | 334,798 | 239,225 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 17,838 | 19,922 |
| Stock-based compensation | 16,285 | 13,651 |
| Provision for credit losses | 50,420 | 100,460 |
| Net accretion of discounts and amortization of premium on securities and borrowings | (6,538) | (3,618) |
| Amortization of other intangible assets | 13,187 | 15,446 |
| Losses on available for sale and held to maturity debt securities, net | 10 | 11 |
| Proceeds from sales of loans held for sale at fair value | 78,724 | 90,628 |
| Gains on sales of loans, net | (4,832) | (4,222) |
| Originations of loans held for sale | (73,560) | (80,509) |
| Gains on sales of assets, net | 12 | (187) |
| Loss on extinguishment of debt | — | 922 |
| Net change in: | ||
| Fair value of financial instruments hedged by derivative transactions | 1,689 | 7,048 |
| Trading debt securities | (26,493) | — |
| Lease right of use assets | 14,989 | (4,192) |
| Cash surrender value of bank owned life insurance | (11,403) | (10,464) |
| Accrued interest receivable | (6,806) | 1,663 |
| Other assets | (135,200) | 151,240 |
| Accrued expenses and other liabilities | 110,056 | (394,992) |
| Net cash provided by operating activities | 373,176 | 142,032 |
| Cash flows from investing activities: | ||
| Loans originated and purchased, net of principal collected | (2,375,514) | (680,904) |
| Equity securities: | ||
| Purchases | (6,811) | (6,938) |
| Sales and capital returns | 616 | 715 |
| Held to maturity debt securities: | ||
| Purchases | (434,016) | (159,213) |
| Maturities, calls and principal repayments | 174,524 | 159,870 |
| Available for sale debt securities: | ||
| Purchases | (478,400) | (682,591) |
| Maturities, calls and principal repayments | 358,649 | 209,332 |
| Death benefit proceeds from bank owned life insurance | 7,263 | 7,012 |
| Proceeds from sales of real estate property and equipment | 1,220 | 2,277 |
| Proceeds from sales of loans not originated for sale | 10,644 | — |
| Purchases of real estate property and equipment | (4,744) | (6,154) |
| Net cash used in investing activities | (2,746,569) | (1,156,594) |
| Cash flows from financing activities: | ||
| Net change in deposits | 1,938,385 | 647,933 |
| Net change in short-term borrowings | 342,009 | 89,526 |
| Proceeds from issuance of long-term borrowings, net | 594,084 | 210,000 |
| Repayments of long-term borrowings | (900,000) | (488,000) |
| Cash dividends paid to preferred shareholders | (14,533) | (13,903) |
| Cash dividends paid to common shareholders | (124,041) | (125,248) |
| Purchase of common shares related to stock compensation plan activity | (10,171) | (8,615) |
| Purchase of common shares to treasury | (71,896) | (4,326) |
| Common stock issued, net | 3,705 | 3,744 |
| Other, net | (825) | (257) |
| Net cash provided by financing activities | 1,756,717 | 310,854 |
| Net change in cash and cash equivalents | (616,676) | (703,708) |
| Cash and cash equivalents at beginning of year | 1,583,565 | 1,890,125 |
| Cash and cash equivalents at end of period | 966,889 | 1,186,417 |
| Supplemental disclosures of cash flow information: | ||
| Cash payments for: | ||
| Interest on deposits and borrowings | 673,890 | 769,206 |
| Federal and state income taxes | 69,195 | 34,099 |
| Supplemental schedule of non-cash investing activities: | ||
| Transfer of loans to other real estate owned, net | 2,461 | 832 |
| Transfer of loans to loans held for sale, net | — | 10,200 |
| Lease right of use assets obtained in exchange for operating lease liabilities | 19,508 | 22,866 |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except for per share data); (in thousands, except for share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗