Welcome to our dedicated page for Valley Natl Bancorp news (Ticker: VLY), a resource for investors and traders seeking the latest updates and insights on Valley Natl Bancorp stock.
Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, regularly issues news and updates that reflect its activities as a regional commercial bank. As the principal subsidiary, Valley National Bank is described as a regional bank with approximately $63 billion in assets and operations across New Jersey, New York, Florida, Alabama, California, and Illinois. News coverage often highlights its relationship-based banking philosophy, commercial growth initiatives, and community investment efforts.
Readers of this page can find announcements related to earnings, dividends, and financial performance, such as quarterly results and regular preferred and common stock dividend declarations. These updates provide insight into Valley’s net interest income, loan and deposit trends, credit quality metrics, and overall profitability, as reported in its public communications and related Form 8-K filings.
Valley’s news flow also includes leadership appointments and market expansion updates. Recent releases have detailed the hiring of senior executives to lead commercial banking in New Jersey, the Philadelphia and South Jersey region, and California, as well as the appointment of a head of asset-based lending. These items illustrate how the bank is building its commercial platform and expanding its presence across key geographies and business segments.
Another important theme in Valley’s news is its focus on community and corporate citizenship. The bank has reported on education-focused philanthropy in New Jersey and Florida and on broader community development investments supporting low-to-moderate income individuals and neighborhoods. Brand and marketing initiatives, such as the "That’s How" campaign, are also covered, showing how Valley presents its nearly century-long history and relationship-driven identity. Investors, analysts, and customers can use this news page to follow Valley’s financial reporting, strategic initiatives, and community-oriented activities over time.
Valley National Bancorp (NASDAQ:VLY) reported a net income of $105.4 million for Q4 2020, up from $38.1 million in Q4 2019. Adjusted net income rose to $113.4 million. Net interest income reached $288.8 million, increasing by $49.2 million year-over-year. However, total loans fell by $198.5 million compared to Q3 2020. The provision for credit losses decreased to $19 million. Total deposits increased by 2.4% to $31.9 billion. The efficiency ratio was 51.61%, illustrating improved operational efficiency. Valley aims for growth following robust performance amidst pandemic challenges.
Valley National Bancorp (NASDAQ: VLY) has announced the appointments of Christopher M. Brigati and Peter Belasco as Senior Vice Presidents - Managing Directors of Municipal Investments. Their roles involve managing a municipal investment strategy and enhancing the Bank’s municipal offerings. Brigati brings over 20 years of experience, including significant roles at Morgan Stanley, while Belasco has more than 25 years in the municipal industry. This strategic hiring is part of Valley's commitment to developing a more dynamic Capital Markets and Wealth Management platform.
Valley National Bancorp (NASDAQ:VLY) will announce its fourth quarter 2020 earnings on January 28, 2021, before market opening. A conference call will follow at 11:00 AM ET, hosted by President and CEO Ira Robbins, allowing interested parties to join by calling 866-354-0432. The call will also be accessible via live webcast and will be archived on Valley's website until March 1, 2021. Valley, a regional bank with approximately $41 billion in assets, emphasizes supporting community growth.
Valley National Bancorp (NASDAQ:VLY) declared its quarterly dividends for common and preferred stock, payable to shareholders of record on December 15, 2020. The cash dividends include: $0.390625 per share on Series A Preferred Stock, $0.34375 per share on Series B Preferred Stock, both payable on December 30, 2020, and $0.11 per share on common stock, payable on January 4, 2021. The common stock dividend remains unchanged from the previous quarter, indicating stable shareholder returns.
Valley National Bancorp (NASDAQ:VLY) reported third-quarter 2020 net income of $102.4 million, or $0.25 per diluted share, up from $81.9 million in Q3 2019. Key financial metrics included net interest income of $284.1 million, a 1 basis point increase in net interest margin to 3.01%, and a $101 million increase in loans to $32.4 billion. The allowance for credit losses rose to $335.3 million, reflecting provisions for potential credit stress amid the COVID-19 pandemic. Non-interest income increased to $49.3 million, while non-interest expenses rose to $160.2 million, driven by employee-related costs and debt prepayment losses.
Valley National Bancorp (NASDAQ:VLY) will report its third quarter 2020 earnings on October 22, 2020, before market open. Following the release, President and CEO Ira Robbins will host a conference call at 11:00 AM (ET) to discuss the results. Interested participants can join by calling toll-free 866-354-0432 with Conference ID: 4969514. The teleconference will also be available via live webcast and archived on Valley's website until November 27, 2020.
Valley National Bancorp (NASDAQ:VLY) has announced its quarterly dividends for shareholders of record on September 15, 2020. The dividends are as follows: $0.390625 per share for Series A preferred stock and $0.34375 for Series B preferred stock, both payable on September 30, 2020. Additionally, a common stock dividend of $0.11 per share will be paid on October 1, 2020. The common dividend remains unchanged from the previous quarter, indicating stability in dividend policy.
Valley National Bancorp (NASDAQ: VLY) reported a net income of $95.6 million, or $0.23 per diluted share, for Q2 2020, up from $76.5 million in Q2 2019. Loans increased by $1.9 billion to $32.3 billion, largely due to $2.2 billion in SBA PPP loan originations. Net interest income rose to $283.5 million, boosted by reduced funding costs. However, net interest margin decreased to 3.00%. The allowance for credit losses rose to $319.7 million amid a challenging economic outlook, reflecting increased reserves for potential credit stress due to COVID-19.
Valley National Bancorp (NASDAQ:VLY) will announce its second quarter 2020 earnings before market opening on July 23, 2020. CEO Ira Robbins will host a conference call at 11:00 AM ET to discuss the earnings report. Interested parties can listen by calling 866-354-0432 using Conference ID: 2150739. The call will also be available as a live webcast and archived on the company’s website until August 28, 2020.
Valley National Bank, with approximately $39 billion in assets, operates across New Jersey, New York, Florida, and Alabama.
Valley National Bancorp (NASDAQ: VLY) has priced $115 million of 5.25% Fixed-to-Floating Rate Notes due 2030. The interest on these Notes will be fixed at 5.25% until June 15, 2025, after which it will shift to a floating rate based on Three-Month Term SOFR plus 514 basis points. Proceeds from this offering will enhance Tier 2 capital and support general corporate purposes. Closing is expected on June 5, 2020. Keefe, Bruyette & Woods, Morgan Stanley, and Piper Sandler are managing the offering.