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Valley National Bancorp - VLY STOCK NEWS

Welcome to our dedicated news page for Valley National Bancorp (Ticker: VLY), a resource for investors and traders seeking the latest updates and insights on Valley National Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Valley National Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Valley National Bancorp's position in the market.

Rhea-AI Summary
Valley National Bancorp (NASDAQ:VLY) will release its Q1 2024 earnings on April 25, 2024. CEO Ira Robbins will host a conference call to discuss the results. Interested parties can pre-register for the call and access the webcast live.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
Tags
-
Rhea-AI Summary
Valley Bank (NASDAQ: VLY) released its third annual The Present and Future of Proptech report in collaboration with industry experts. The report highlights a decline in Proptech investment in 2023 due to economic and geopolitical factors, but showcases resilience in the sector. Despite challenges, technology is seen as crucial for the future of real estate sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.96%
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none
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Rhea-AI Summary
Valley National Bank, a subsidiary of Valley National Bancorp (NASDAQ:VLY), closed a $150 million senior revolving credit facility for a New York-based finance company. The deal includes a $40 million accordion feature and was facilitated by Valley as the Administrative Agent and Sole Bookrunner. Hovde Group advised on the transaction, showcasing Valley's expertise in Lender Finance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.43%
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none
Rhea-AI Summary
Valley National Bancorp (VLY) announces regular preferred and common dividends, with cash dividends declared for shareholders of record. The dividends include $0.390625 per share on Non-Cumulative Perpetual Preferred Stock Series A, $0.574234 per share on Series B, and $0.11 per share on common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.29%
Tags
dividends
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Rhea-AI Summary
Valley National Bancorp (NASDAQ:VLY) announces a stock repurchase program authorizing the buyback of up to 25 million shares of common stock. The program is set to expire on April 26, 2026, with flexibility in repurchasing methods and conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.29%
Tags
buyback
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Rhea-AI Summary
Valley National Bancorp (VLY) reported a net income of $71.6 million for Q4 2023, down from $177.6 million in Q4 2022. Loan growth remained modest due to elevated market interest rates. Non-interest expenses increased by $73.3 million. Total deposits decreased by $642.5 million. Net interest margin decreased by 9 basis points. The efficiency ratio was 60.70 percent. Valley entered an agreement to sell its commercial premium finance lending business and a significant portion of its outstanding loan portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.44%
Tags
Rhea-AI Summary
Valley National Bancorp (NASDAQ:VLY) will release its fourth quarter 2023 earnings on January 25, 2024. CEO Ira Robbins will host a conference call to discuss the earnings, with pre-registration required to access the call. The teleconference will also be webcast live and archived on Valley's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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Rhea-AI Summary
Valley National Bank (VLY) promotes Russell Barrett to Senior Executive Vice President, Chief Operations Officer (COO)
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
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none
-
Rhea-AI Summary
Valley National Bancorp (NASDAQ:VLY) announces regular preferred and common dividends. Quarterly dividends declared for shareholders of record on December 14, 2023 include $0.390625 per share on Non-Cumulative Perpetual Preferred Stock Series A, $0.576856 per share on Non-Cumulative Perpetual Preferred Stock Series B, and $0.11 per share on common stock. The common stock cash dividend remains unchanged from the previous quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
Tags
dividends
Rhea-AI Summary
Valley National Bancorp (NASDAQ:VLY) introduces the Community Home Equity Line of Credit Program to support low-to-moderate income (LMI) borrowers. The program offers a low 12-month below market introductory rate of 6.67% with no closing costs, allowing LMI households to apply for lines of up to $250,000 for home improvements or other expenses. Valley aims to raise awareness in LMI communities and strengthen its commitment to supporting LMI customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.37%
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none
Valley National Bancorp

Nasdaq:VLY

VLY Rankings

VLY Stock Data

3.76B
500.86M
1.46%
76.07%
7.8%
Commercial Banking
Finance and Insurance
Link
US
New York

About VLY

valley national bank, the wholly-owned subsidiary of valley national bancorp (nyse:vly), provides retail and commercial banking services, cash management, consumer and commercial lending, investment alternatives, insurance and estate planning solutions through 213 locations, 254 atms, online (valleynationalbank.com), and mobile devices. as a regional bank, we offer innovative financial solutions and exceptional customer service throughout new jersey, manhattan, bronx, brooklyn, queens, long island, and florida. our goal is to assist you in achieving your financial goals with information, guidance, insight and tools. our conservative approach, designed to protect our customers, shareholders and employees, is one of our strengths, especially during uncertain economic times. we are big enough to provide the depth and breadth of resources, yet we have the ability to deliver customized solutions like a responsive, local community bank. above all, we are a bank you can trust. that’s wh