Valley National Bancorp (NASDAQ:VLY) Issues Quarterly Earnings Results

Valley National Bancorp (NASDAQ:VLY) released its quarterly earnings data on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01), FiscalAI reports. The company had revenue of $560.74 million for the quarter, compared to the consensus estimate of $557.16 million. Valley National Bancorp had a net margin of 18.61% and a return on equity of 8.68%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 earnings per share.

Here are the key takeaways from Valley National Bancorp’s conference call:

• Valley posted a solid quarter with net income of $171 million ($0.29 per share) and adjusted EPS of $0.30, while adjusted pre-provision net revenue rose 6% sequentially to its highest level since late 2022.
• Core deposit growth was strong, including nearly $300 million of non-interest-bearing balances and $1.1 billion of total direct customer deposits, helping support the bank’s funding strategy despite a more competitive environment.
• Loan growth accelerated sharply by $1.6 billion in the quarter, led by C&I and owner-occupied CRE, while the company said its 2026 loan outlook now sits at or above the high end of guidance.
• Fee income remains a meaningful growth driver, with gains in capital markets, tax credit advisory, wealth management and trust; management now expects 2026 fee income growth toward the high end of its 6%–9% target range.
• Credit trends improved in aggregate, with criticized and classified assets falling to 7.3% of loans from 8.1% last quarter, though net charge-offs and provision both moved higher and non-accruals saw some bucket migration tied to CRE.

Valley National Bancorp Stock Down 2.6%

Shares of Valley National Bancorp stock traded down $0.37 on Thursday, reaching $14.15. The company’s stock had a trading volume of 4,176,656 shares, compared to its average volume of 7,234,193. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 12.77 and a beta of 1.03. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. Valley National Bancorp has a 52 week low of $8.95 and a 52 week high of $15.20. The firm’s fifty day simple moving average is $14.16 and its two-hundred day simple moving average is $13.21.

Valley National Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 15th. Valley National Bancorp’s dividend payout ratio (DPR) is currently 39.64%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VLY. TD Cowen reaffirmed a “buy” rating on shares of Valley National Bancorp in a research note on Wednesday, June 17th. Truist Financial boosted their price objective on shares of Valley National Bancorp from $15.50 to $16.50 and gave the stock a “buy” rating in a report on Friday, July 10th. National Bank Financial set a $17.50 price target on Valley National Bancorp in a research note on Wednesday, July 1st. Piper Sandler lifted their target price on shares of Valley National Bancorp from $16.00 to $16.50 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Valley National Bancorp from $13.00 to $14.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Valley National Bancorp has an average rating of “Moderate Buy” and a consensus price target of $15.93.

Insider Transactions at Valley National Bancorp

In related news, CAO Mitchell L. Crandell sold 25,495 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $14.63, for a total transaction of $372,991.85. Following the completion of the sale, the chief accounting officer owned 76,116 shares in the company, valued at approximately $1,113,577.08. This represents a 25.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Russell Barrett sold 90,537 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $13.54, for a total value of $1,225,870.98. Following the completion of the transaction, the chief operating officer directly owned 64,167 shares in the company, valued at $868,821.18. The trade was a 58.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Valley National Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC purchased a new position in Valley National Bancorp during the fourth quarter valued at $26,000. Parallel Advisors LLC grew its stake in shares of Valley National Bancorp by 24.5% during the 4th quarter. Parallel Advisors LLC now owns 4,347 shares of the company’s stock valued at $51,000 after acquiring an additional 855 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Valley National Bancorp by 244.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,884 shares of the company’s stock worth $53,000 after acquiring an additional 4,177 shares in the last quarter. Danske Bank A S purchased a new stake in Valley National Bancorp in the 3rd quarter worth approximately $55,000. Finally, Smartleaf Asset Management LLC raised its stake in Valley National Bancorp by 52.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 6,961 shares of the company’s stock worth $82,000 after acquiring an additional 2,387 shares during the period. Hedge funds and other institutional investors own 61.00% of the company’s stock.

Valley National Bancorp Company Profile

Valley National Bancorp (NASDAQ: VLY) is a regional bank holding company headquartered in Wayne, New Jersey, offering a comprehensive suite of commercial and consumer banking products and services. Through its banking subsidiary, Valley National Bank, the company provides deposit accounts, residential and commercial lending, mortgage services, treasury and cash management, foreign exchange and trade finance solutions. Complementary wealth management and insurance offerings round out its financial services platform, catering to individual, small-business and corporate clients.

Tracing its roots to the establishment of Wayne National Bank in 1927, Valley has grown into one of the largest banks in New Jersey by both assets and deposit share.