Valley National Bancorp reports developments tied to its role as the holding company for Valley National Bank, a regional bank serving consumer, commercial, private banking, insurance and wealth management customers. Company news commonly covers quarterly earnings, deposit and loan trends, balance sheet priorities, commercial and industrial banking activity, and expansion of relationship-based banking teams across its multistate footprint.
Recurring updates also include common and preferred stock dividends, share repurchase authorizations, Community Reinvestment Act performance, small business banking initiatives, middle-market commercial customer surveys, and the activities of affiliates such as Dudley Ventures in tax credit advisory services.
Valley National Bancorp (VLY) agreed to acquire Bluevine for approximately $340 million, adding a digital small-business banking platform. Bluevine has $2.1 billion in low-cost, digitally sourced deposits and served approximately 175,000 active small-business customers as of June 2026. Consideration is expected to be approximately 75% cash and 25% Valley common stock, subject to agreement terms and customary adjustments.
Including expected synergies, Valley expects approximately 8% accretion to estimated 2028 earnings per share. It also expects approximately 5% tangible book value dilution at closing, with an estimated earn-back period of approximately 3 years. The acquisition is expected to close in early 2027, subject to regulatory approvals and other customary conditions. Bluevine’s platform-generated deposits grew at an approximately 35% compound annual rate from 2023 through the second quarter of 2026.
Valley Bank (VLY) launched Valley Foundry, a new technology and innovation capability, and named industry veteran Michael Rappaport to lead it.
Valley Foundry is designed to accelerate the move from experimentation to execution by providing a structured process to identify, test, and advance emerging technologies through internal and external partnerships. Initial focus areas include artificial intelligence, cybersecurity, data and analytics, process improvement, and operational efficiency. Rappaport will oversee engagement, intake, governance, and portfolio building across Valley’s lines of business, leveraging the bank’s existing tech ecosystem, including Tech & International Banking, Valley Ventures, Partner Banking, and its internal AI team.
Valley National Bank (VLY) has signed a three-year agreement to become an Official Partner of Rutgers University’s Department of Intercollegiate Athletics. The partnership, secured by Scarlet Knight Enterprises, begins with Rutgers’ first home football game on September 3.
Valley will receive prominent branding at all Rutgers football and men’s basketball home games, including a videoboard feature highlighting a local small business. The bank gains exposure to hundreds of thousands of in-venue fans each year, more than 383,000 Rutgers alumni living in New Jersey, and potential Big Ten television reach of over 45 million households nationwide. Valley describes the deal as aligned with its New Jersey roots and its focus on supporting local businesses, consumers, and communities.
Valley National Bancorp (NASDAQ: VLY) reported second quarter 2026 net income of $170.9 million, or $0.29 per diluted share, up from $163.9 million ($0.28) in Q1 2026 and $133.2 million ($0.22) in Q2 2025. Adjusted non-GAAP net income was $172.8 million, or $0.30 per diluted share.
Net interest income on a tax-equivalent basis rose to $488.4 million, with net interest margin improving to 3.20%. Total loans increased $1.6 billion to $52.5 billion, while deposits grew $1.3 billion to $54.1 billion, led by time and non-interest-bearing deposits. The efficiency ratio improved to 52.11%, and annualized adjusted ROA and ROTCE were 1.05% and 12.05%, respectively.
Credit metrics were mixed: the allowance for credit losses for loans was $606.9 million (1.16% of loans), net charge-offs were $22.0 million, and non-accrual loans increased to $462.6 million. Valley issued $500 million of subordinated notes and redeemed $300 million of callable subordinated notes during the quarter.
Valley National Bancorp (NASDAQ: VLY) declared regular quarterly dividends on its preferred and common stock for shareholders of record on September 15, 2026. Preferred dividends payable on September 30, 2026 are $0.501134 per share for Series A, $0.483756 for Series B, and $0.515625 for Series C. A common stock cash dividend of $0.11 per share will be paid on October 1, 2026, unchanged from the previous quarter. According to Valley National Bancorp, the current common dividend should not be viewed as an indicator of future dividend levels.
Valley National Bancorp (NASDAQ:VLY) will release its Q2 2026 earnings before the market opens on Thursday, July 23, 2026. CEO Ira Robbins will host a conference call at 8:30 AM ET to discuss the results, with live webcast and archived replay available.
Valley Bank (NASDAQ: VLY) announced that COO Russell Barrett was named to American Banker’s inaugural 2026 Most Innovative People in Finance list, recognizing 50 executives reshaping financial services.
Barrett leads Valley’s core technology overhaul, cloud migration, AI readiness, and more than 50 recent digital transformation initiatives supporting scalable, long-term growth.
Valley National Bancorp (NASDAQ: VLY) announced two senior appointments to strengthen its consumer banking leadership. Larricia Lumpkins becomes First Senior Vice President, Head of Sales & Service, and Peter Illian becomes First Senior Vice President, Head of Product & Pricing.
According to Valley, the moves align sales, service, product, and pricing to support integrated, customer-focused growth.
Valley National Bancorp (NASDAQ: VLY) published its 2025 Corporate Social Responsibility Report, detailing over $3.6 billion invested in communities served by Valley National Bank.
Key 2024 initiatives focused on affordable housing, community development, small business support, and financial inclusion across New Jersey, New York, Florida, Alabama, California, and Illinois.
Valley National Bancorp (NASDAQ:VLY) declared its regular quarterly preferred and common stock dividends for shareholders of record on June 15, 2026.
Preferred dividends per share are $0.499122 for Series A, $0.481745 for Series B, and $0.515625 for Series C, all payable June 30, 2026. The common dividend is $0.11 per share, payable July 1, 2026, unchanged from the prior quarter and not intended as an indicator of future dividends.