Valley National Q2 2026: Net income +28.3% to $170.9M; CET1 ratio falls to 10.71%

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Net income rose 28.3% year-over-year to $170.9M ($0.29 diluted EPS, +31.8%) on higher net interest income (+$54.6M) and lower provision for credit losses (-$8.6M), partially offset by a $27.0M increase in non-interest expense driven by talent investments in commercial/consumer banking and technology.

  MD&A: Net income and EPS verify on EDGAR →
• high

  CRE concentration ratio declined to 317% from 349% a year earlier, aided by a $200M subordinated-note issuance (6.219% fixed-to-floating) that boosted Tier 2 capital

  MD&A: CRE concentration & CET1 capital verify on EDGAR →
• high

  Inflation jumped to 4.2% in Q2 2026 (vs. 2.7% in Q2 2025) driven by higher energy prices and geopolitical tensions; GDP growth slowed to 1.5% (vs. 3.0% prior year); FOMC held the federal funds rate at 3.50–3.75% (down from 4.25–4.50% a year earlier) as elevated inflation remains a central focus.

  MD&A: Economic outlook verify on EDGAR →