Valley National Q3 2026 earnings rise to $206M

Quarterly results included higher year-over-year net income and charge-offs, alongside deposit growth and two pending acquisitions targeted to close in early 2027.

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Filing Sentiment

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Form Type

8-K

Rhea-AI Filing Summary

Valley National Bancorp (VLY) reported third-quarter 2026 net income of $206.3 million, or $0.36 per diluted share, compared with $163.4 million, or $0.28, in third-quarter 2025. Net interest income on a tax-equivalent basis was $506.8 million and net interest margin on that basis was 3.28%, versus $447.5 million and 3.05% a year earlier. Valley also reported a non-GAAP efficiency ratio of 49.38%, compared with 53.37% a year earlier; non-interest income was $78.7 million, versus $64.9 million.

At September 30, 2026, deposits totaled $55.2 billion and loans totaled $53.2 billion. Net loan charge-offs were $37.1 million, compared with $14.6 million a year earlier. Valley repurchased 2.5 million common shares at an average price of $13.86 during the quarter. Its pending acquisitions of Providence Financial Corporation and Bluevine Inc. are expected to close in early 2027, subject to regulatory approvals and customary closing conditions; Providence also requires shareholder approval.

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Positive

Moderate pointNet income was $206.3 million, compared with $163.4 million in third-quarter 2025.

Negative

Moderate pointNet loan charge-offs reached $37.1 million, versus $14.6 million in third-quarter 2025.

Filing Explained

Quarter-end credit measures worsened versus the second quarter, while updated 2026 guidance places loan growth above and deposit growth at or above earlier ranges.

This 8-K reports Valley’s completed third-quarter results; versus the prior quarter, net loan charge-offs rose from $22.0 million to $37.1 million, and non-accrual loans rose from $462.6 million to $511.4 million.

Valley attributed the increase in non-accrual loans primarily to a $30.1 million construction loan newly placed on non-accrual and higher non-accrual C&I loans.

The company said the construction loan was well-secured based on its collateral value and required no specific reserve.

In its investor presentation, Valley placed 2026 gross-loan growth above the high end of its earlier 4%–6% range and deposit growth at or above the high end of its earlier 5%–7% range.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net income: $206.3 million Diluted earnings per share: $0.36 Net interest income, tax equivalent basis: $506.8 million +5 more

8 metrics

Net income $206.3 million Third quarter 2026; $163.4 million in third quarter 2025

Diluted earnings per share $0.36 Third quarter 2026; $0.28 in third quarter 2025

Net interest income, tax equivalent basis $506.8 million Third quarter 2026; $447.5 million in third quarter 2025

Net interest margin, tax equivalent basis 3.28% Third quarter 2026; 3.05% in third quarter 2025

Deposits $55.2 billion As of September 30, 2026; $54.1 billion as of June 30, 2026

Loans $53.2 billion As of September 30, 2026; $52.5 billion as of June 30, 2026

Net loan charge-offs $37.1 million Third quarter 2026; $14.6 million in third quarter 2025

Common shares repurchased 2.5 million shares at an average price of $13.86 During third quarter 2026

Key Terms

tax equivalent basis, non-accrual loans, CRE concentration ratio, efficiency ratio

4 terms

tax equivalent basis financial

"net interest income on a tax equivalent basis"

A tax equivalent basis is a way to compare income from a tax-free investment to taxable investments by expressing the tax-free yield as the pretax rate an investor would need to earn to match it. Investors use their personal tax rate to convert the tax-free return into an ‘‘equivalent’’ taxable return, which makes different investments easier to compare—like converting prices into the same currency so you can tell which is truly cheaper.

non-accrual loans financial

"Non-accrual loans totaled $511.4 million"

A non-accrual loan is a loan a lender has decided is unlikely to produce the scheduled interest payments, so the lender stops counting future interest as income and may record the loan at a reduced value. Think of it like renting out a house where the tenant has stopped paying: you stop counting future rent as earnings because it’s uncertain you’ll get it. For investors, a rise in non-accrual loans signals worsening credit quality, lower reported income and higher potential losses that can weaken a bank’s capital and share price.

CRE concentration ratio financial

"Our CRE loan concentration ratio"

A CRE concentration ratio measures how much of a lender’s or investor’s loans, assets, or portfolio is tied to commercial real estate (CRE) compared with its total holdings. It shows whether exposure is spread across many sectors or heavily weighted toward property loans—like checking how much of a grocery cart is filled with one food item rather than a mix. Investors use it to gauge how much performance and risk depend on the commercial property market.

efficiency ratio financial

"Our efficiency ratio was 49.38 percent"

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

Earnings Snapshot

Net income: $206.3 million · Guidance included

Third quarter 2026

Net income $206.3 million Compared with $163.4 million in third quarter 2025

Diluted earnings per share $0.36 Compared with $0.28 in third quarter 2025

Net interest income, tax equivalent basis $506.8 million Compared with $447.5 million in third quarter 2025

Efficiency ratio, non-GAAP 49.38% Compared with 53.37% in third quarter 2025

Guidance

2026 outlook update: net interest income growth was at the high end of the 11%-13% growth range; non-interest income growth was at or above the high end of the 5%-7% growth range; the effective tax rate expectation was unchanged, growth dependent, and approximately 20% for the year.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did VLY earn in the third quarter of 2026?

Valley National Bancorp reported third-quarter 2026 net income of $206.3 million, or $0.36 per diluted common share, compared with $163.4 million and $0.28 per diluted share in third-quarter 2025. Adjusted net income was $206.4 million, or $0.36 per diluted common share.

What were VLY’s net interest income and margin in the third quarter of 2026?

Net interest income on a tax-equivalent basis was $506.8 million, and net interest margin on that basis was 3.28% in third-quarter 2026. The comparable third-quarter 2025 figures were $447.5 million and 3.05%.

What approvals are required for VLY’s Providence and Bluevine acquisitions?

Valley expects both pending acquisitions to close in early 2027. Providence’s acquisition is subject to regulatory approvals, approval of Providence shareholders, and satisfaction or waiver of other customary closing conditions; Bluevine’s acquisition is subject to regulatory approvals and satisfaction or waiver of other customary closing conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/22/2026 - 07:12 AM EDT Accepted by SEC EDGAR 10/22/2026 - 07:11 AM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): October 22, 2026

Valley National Bancorp

(Exact Name of Registrant as Specified in Charter)

New Jersey

1-11277

22-2477875

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(I.R.S. Employer

Identification Number)

One Penn Plaza,

New York,

New York

10119

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code (973) 305-8800

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbols	Name of exchange on which registered
Common Stock, no par value	VLY	The Nasdaq Stock Market LLC
Non-Cumulative Perpetual Preferred Stock, Series A, no par value	VLYPP	The Nasdaq Stock Market LLC
Non-Cumulative Perpetual Preferred Stock, Series B, no par value	VLYPO	The Nasdaq Stock Market LLC
Non-Cumulative Perpetual Preferred Stock, Series C, no par value	VLYPN	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02			Results of Operations and Financial Condition.

On October 22, 2026, Valley National Bancorp (“Valley”) issued a press release announcing Valley’s financial results for the third quarter 2026. A copy of the press release is furnished herewith as Exhibit 99.1.

The information in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended (the “Securities Act”), except as shall be expressly set forth by specific reference in such a filing.


Item 7.01			Regulation FD Disclosure.

Valley is furnishing presentation materials attached hereto as Exhibit 99.2 pursuant to Item 7.01 of Form 8-K. Valley is not undertaking to update these presentation materials. The information in this Item 7.01, including Exhibit 99.2, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act, except as shall be expressly set forth by specific reference in such a filing. This report will not be deemed an admission as to the materiality of any information herein (including Exhibit 99.2).


Item 9.01						Financial Statements and Exhibits.
(d)						Exhibits.
Exhibit No.						Description
99.1						Press Release of Valley National Bancorp, dated October 22, 2026, announcing third quarter 2026 financial results.
99.2						Valley National Bancorp presentation materials used in connection with third quarter 2026 investor conference.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Dated: October 22, 2026	VALLEY NATIONAL BANCORP
	By:	/s/ Travis Lan
		Travis Lan
		Senior Executive Vice President and
		Chief Financial Officer (Principal Financial Officer)

Exhibit 99.1


						News Release


FOR IMMEDIATE RELEASE	Contact:	Travis Lan
		Senior Executive Vice President and
		Chief Financial Officer
		973-686-5007

VALLEY NATIONAL BANCORP ANNOUNCES THIRD QUARTER 2026 RESULTS

NEW YORK, NY – October 22, 2026 -- Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2026 of $206.3 million, or $0.36 per diluted common share, as compared to the second quarter 2026 net income of $170.9 million, or $0.29 per diluted common share, and net income of $163.4 million, or $0.28 per diluted common share, for the third quarter 2025. Excluding all non-core income and charges, our adjusted net income (a non-GAAP measure) was $206.4 million, or $0.36 per diluted common share, for the third quarter 2026, $172.8 million, or $0.30 per diluted common share, for the second quarter 2026, and $164.1 million, or $0.28 per diluted common share, for the third quarter 2025. See further details below, including a reconciliation of our non-GAAP adjusted net income, in the “Consolidated Financial Highlights” tables.

Ira Robbins, CEO, commented, “Our third quarter results demonstrate the continued improvement in Valley's profitability. Strong revenue growth and disciplined expense management drove record quarterly net income for Valley and an efficiency ratio below 50 percent. We remain on track to achieve, and likely exceed, our previously stated return on average tangible common equity goal of 15 percent by the end of 2027. We believe that we are structurally well-positioned to navigate a range of potential interest rate scenarios while driving relative net interest margin outperformance. Combined with our strong capital and liquidity, this positioning gives us the flexibility to keep growing alongside our clients as we execute on our strategic priorities.”

Mr. Robbins continued, “Our pending acquisitions of Providence Financial Corporation and Bluevine Inc. are a natural extension of our strategy to further optimize our funding base. Providence will enhance our presence in the Chicagoland market, while Bluevine is expected to expand our ability to serve small businesses nationwide through differentiated digital capabilities. Together, these transactions will strengthen our core deposit franchise, broaden our growth opportunities and support sustainable long-term value creation for shareholders.”

Key financial highlights for the third quarter 2026:

•Net Interest Margin and Income: Our net interest margin on a tax equivalent basis of 3.28 percent for the third quarter 2026 increased 8 basis points and 23 basis points from the second quarter 2026 and third quarter 2025, respectively. Net interest income on a tax equivalent basis of $506.8 million for the third quarter 2026 increased $18.4 million and $59.3 million compared to the second quarter 2026 and third quarter 2025, respectively. The increases from the second quarter 2026 were mainly due to upward repricing of adjustable interest rate loans, higher yields on new loan originations, an increase in average loans and one additional day

Valley National Bancorp (NASDAQ: VLY)

Third Quarter 2026 Earnings

October 22, 2026

during the third quarter 2026, partially offset by higher average time deposits and an increase in the cost of certain non-maturity deposits. See additional details in the “Net Interest Income and Margin” and “Other Borrowings” sections below.

•Deposits: Total deposit balances increased $1.1 billion to $55.2 billion at September 30, 2026 as compared to $54.1 billion at June 30, 2026 primarily attributable to an increase in direct customer deposits during the third quarter 2026. The growth in direct customer deposits was mainly driven by inflows of non-maturity interest bearing deposits from commercial banking customers, as well as retail CD offerings during the third quarter 2026. See the “Deposits” section below for more details.

•Loan Portfolio: Total loans increased $722.7 million, or 5.5 percent on an annualized basis, to $53.2 billion at September 30, 2026 from June 30, 2026 mostly due to increases of $363.0 million and $343.5 million in commercial and industrial (C&I) loans and total commercial real estate (CRE) loans, respectively. Loan originations from a range of relationship-driven small to midsize clients continued to drive C&I loan growth during the third quarter 2026, while new owner occupied loans and an uptick in construction loan activity were the primary drivers of the increase in CRE loans at September 30, 2026. Our CRE loan concentration ratio (defined as total CRE loans held for investment and held for sale, excluding owner occupied loans, as a percentage of total risk-based capital) declined to approximately 312 percent at September 30, 2026 from 317 percent at June 30, 2026. See the “Loans” section below for more details.

•Allowance and Provision for Credit Losses for Loans: The allowance for credit losses for loans totaled $600.5 million and $606.9 million at September 30, 2026 and June 30, 2026, respectively, representing 1.13 percent and 1.16 percent of total loans at each respective date. During the third quarter 2026, we recorded a provision for credit losses for loans of $30.7 million as compared to $29.2 million and $19.2 million for the second quarter 2026 and third quarter 2025, respectively. See the “Credit Quality” section below for more details.

•Credit Quality: Total internally criticized and classified loans as a percentage of total loans declined to 7.1 percent at September 30, 2026 from 7.3 percent at June 30, 2026. Net loan charge-offs totaled $37.1 million for the third quarter 2026 as compared to $22.0 million and $14.6 million for the second quarter 2026 and third quarter 2025, respectively. Total accruing past due loans (i.e., loans past due 30 days or more and still accruing interest) decreased $25.7 million to $154.5 million, or 0.29 percent of total loans, at September 30, 2026 as compared to $180.2 million, or 0.34 percent of total loans, at June 30, 2026. The decrease was mainly due to migration of a few larger CRE loans to non-accrual category and, to a lesser extent, a decrease in early stage residential mortgage loan delinquencies. Non-accrual loans totaled $511.4 million, or 0.96 percent of total loans, at September 30, 2026 as compared to $462.6 million, or 0.88 percent of total loans, at June 30, 2026. See the “Credit Quality” section below for more details.

•Non-Interest Income: Non-interest income increased $5.0 million to $78.7 million for the third quarter 2026 as compared to the second quarter 2026 largely due to a $6.4 million increase in other income primarily driven by recovery income from legal settlements and net valuation gains on certain fintech investments at September 30, 2026. Wealth management and trust fees also increased $4.5 million mainly due to a higher volume of transaction-related

Valley National Bancorp (NASDAQ: VLY)

Third Quarter 2026 Earnings

October 22, 2026

tax credit advisory fees. These increases were partially offset by lower bank owned life insurance and capital markets income.

•Non-Interest Expense: Non-interest expense decreased $1.2 million to $310.0 million for the third quarter 2026 as compared to the second quarter 2026. The overall decrease was largely driven by a $4.4 million decline in professional and legal fees due to lower business transformation-related consulting fees during the third quarter 2026, partially offset by higher amortization of tax credit investments. During the third quarter 2026, we recorded $3.1 million of merger related expenses (primarily reported within professional and legal fees and other expense) related to our pending acquisitions of Providence Financial Corporation (Providence) and Bluevine Inc. (Bluevine). See additional information below.

•Income Tax Expense: Income tax expense totaled $37.3 million and $49.6 million for the third and second quarters of 2026, respectively. Our effective tax rate was 15.3 percent for the third quarter 2026 as compared to 22.5 percent for the second quarter 2026. The decrease in income tax expense and the effective tax rate as compared to the linked second quarter 2026 was due to the availability and purchase of additional tax credits in excess of amounts previously anticipated during the third quarter 2026.

•Efficiency Ratio: Our efficiency ratio was 49.38 percent for the third quarter 2026 as compared to 52.11 percent and 53.37 percent for the second quarter 2026 and third quarter 2025, respectively. See the “Consolidated Financial Highlights” tables below for additional information regarding our non-GAAP measures.

•Performance Ratios: Annualized return on average assets (ROAA), shareholders’ equity (ROAE) and tangible common shareholders' equity (ROATCE) were 1.24 percent, 10.36 percent and 14.24 percent for the third quarter 2026, respectively. Annualized ROAA, ROAE, and ROATCE, adjusted for non-core income and charges, were 1.24 percent, 10.36 percent and 14.24 percent for the third quarter 2026, respectively. See the “Consolidated Financial Highlights” tables below for additional information regarding our non-GAAP measures.

On August 25, 2026, Valley announced that it will acquire Providence, and its principal subsidiary, Providence Bank & Trust headquartered in South Holland, Illinois. We believe the acquisition of this high-performing commercial bank, with $1.6 billion in total assets and a 14-branch network as of June 30, 2026, will provide an established physical delivery channel in the Chicagoland area to supplement Valley’s existing commercial presence in the market. The acquisition is expected to close in early 2027, subject to standard regulatory approvals, approval of Providence’s shareholders, and the satisfaction or waiver of other customary closing conditions.

On September 28, 2026, Valley also announced that it will acquire Bluevine, a leading nationwide digital banking platform for small businesses headquartered in Jersey City, New Jersey. Upon closing, Bluevine will bring Valley a scaled, high-growth digital small business platform; low-cost, digitally-sourced deposit relationships; and an established suite of integrated banking, payments, lending and financial-management solutions designed for small businesses across the country. The acquisition is expected to close in early 2027, subject to standard regulatory approvals, and the satisfaction or waiver of other customary closing conditions.

Valley National Bancorp (NASDAQ: VLY)

Third Quarter 2026 Earnings

October 22, 2026

Net Interest Income and Margin

Net interest income on a tax equivalent basis of $506.8 million for the third quarter 2026 increased $18.4 million and $59.3 million compared to the second quarter 2026 and the third quarter 2025, respectively. Interest income on a tax equivalent basis increased $27.8 million to $858.5 million for the third quarter 2026 as compared to the second quarter 2026. The increase was primarily due to higher yields on adjustable interest rate loans, the origination of higher-yielding loans within the C&I and CRE loan portfolios, an overall increase in average loan balances and one additional day during the third quarter 2026 as compared to the second quarter 2026. Total interest expense increased $9.4 million to $351.7 million for the third quarter 2026 as compared to the second quarter 2026 mainly due to an increase in average time deposits during the third quarter 2026, as well as the higher cost of certain non-maturity deposits. See the “Deposits” and “Other Borrowings” sections below for more details.

Net interest margin on a tax equivalent basis of 3.28 percent for the third quarter 2026 increased 8 basis points from 3.20 percent for the second quarter 2026 and 23 basis points from 3.05 percent for the third quarter 2025. The yield on average interest earning assets increased by 11 basis points to 5.55 percent on a linked quarter basis largely due to the higher yields on new loan originations during the third quarter 2026 and upward repricing of adjustable interest rate loans. The overall cost of average interest bearing liabilities increased by 6 basis points to 3.16 percent for the third quarter 2026 as compared to the second quarter 2026 mostly due to the higher cost of both non-maturity and time deposits. Our cost of total average deposits was 2.33 percent for the third quarter 2026 as compared to 2.28 percent and 2.69 percent for the second quarter 2026 and third quarter 2025, respectively.

Loans, Deposits and Other Borrowings

Loans. Total loans increased $722.7 million, or 5.5 percent on an annualized basis, to $53.2 billion at September 30, 2026 from June 30, 2026. C&I loans increased $363.0 million, or 12.1 percent on an annualized basis, to $12.3 billion at September 30, 2026 from June 30, 2026, primarily driven by new originations from relationship-driven small to midsize clients across several markets, with particularly strong loan production in New York, Florida, California, and Arizona. Total CRE (including construction) loans increased $343.5 million to $30.7 billion at September 30, 2026 from June 30, 2026 due, in large part, to continued momentum in new owner occupied CRE loan originations from our healthcare vertical and the Florida market, as well as an uptick in construction loan advances primarily in New York and Florida. Non-owner occupied loans decreased $145.7 million from June 30, 2026 mainly due to our continued targeted runoff of transactional/non-relationship loans, which outpaced limited new originations in this category during the third quarter 2026. Residential mortgage loans increased $101.5 million from June 30, 2026 mainly due to continued retention of most new loan origination activity and the modest levels of prepayments. Total consumer loans decreased $85.3 million from June 30, 2026 primarily due to a $118.1 million decrease in automobile loans as normal loan repayments outpaced consumer demand which was constrained by several factors, including gasoline prices and the high level of market interest rates.

Deposits. Actual ending balances for deposits increased $1.1 billion to $55.2 billion at September 30, 2026 from June 30, 2026 mainly due to a $730.9 million increase in the savings, NOW and money

Valley National Bancorp (NASDAQ: VLY)

Third Quarter 2026 Earnings

October 22, 2026

market deposits category and a $482.1 million increase in time deposits, partially offset by a $102.8 million decline in non-interest bearing deposits. The increase in savings, NOW and money market deposits from June 30, 2026 was mostly attributable to inflows from our commercial banking customers, partially offset by lower indirect customer money market deposit balances. The increase in time deposits was largely driven by higher indirect customer CD balances and deposits generated from our targeted retail CD offerings. Total indirect customer deposits (consisting of both brokered time and money market deposits) totaled $5.3 billion at both September 30, 2026 and June 30, 2026. Non-interest bearing deposits; savings, NOW and money market deposits; and time deposits represented approximately 23 percent, 53 percent and 24 percent of total deposits at both September 30, 2026 and June 30, 2026.

Other Borrowings. Short-term borrowings decreased $383.2 million to $50.3 million at September 30, 2026 from June 30, 2026 mainly due to maturity and repayment of $375 million of short-term FHLB advances during the third quarter 2026. Long-term borrowings totaled $2.6 billion at September 30, 2026 and remained relatively unchanged as compared to June 30, 2026.

Credit Quality

Non-Performing Assets (NPAs). NPAs, consisting of non-accrual loans, other real estate owned (OREO) and other repossessed assets, increased $46.0 million to $513.8 million at September 30, 2026 from June 30, 2026. Non-accrual loans increased $48.8 million to $511.4 million, or 0.96 percent of total loans, at September 30, 2026 as compared to $462.6 million, or 0.88 percent of total loans, at June 30, 2026. The increase was primarily attributable to a $30.1 million construction loan that was placed on non-accrual status during the third quarter 2026, as well as higher levels of non-accrual C&I loans. The $30.1 million construction loan is considered well-secured and did not require a specific reserve within our allowance for credit losses for loans at September 30, 2026 based upon the estimated value of the underlying collateral. Non-accrual CRE loans decreased $3.0 million to $253.1 million at September 30, 2026 from June 30, 2026, primarily reflecting repayments and partial charge-offs, partially offset by the migration of three CRE loans previously reported as loans 30 to 59 days past due at June 30, 2026 to non-accrual status during the third quarter 2026.

Accruing Past Due Loans. Total accruing past due loans (i.e., loans past due 30 days or more and still accruing interest) decreased $25.7 million to $154.5 million, or 0.29 percent of total loans, at September 30, 2026 as compared to $180.2 million, or 0.34 percent of total loans, at June 30, 2026.

Loans 30 to 59 days past due decreased $41.7 million to $109.3 million at September 30, 2026 as compared to June 30, 2026 primarily due to the migration of three CRE loans totaling $24.7 million, net of partial charge-offs of $9.1 million during the third quarter 2026, to non-accrual loans at September 30, 2026, as well as lower residential mortgage loan delinquencies. Loans 60 to 89 days past due increased $14.8 million to $27.9 million at September 30, 2026 as compared to June 30, 2026 mainly due to one CRE loan relationship totaling $10.9 million and higher residential mortgage loans delinquencies. Loans 90 days or more past due and still accruing interest increased $1.3 million to $17.3 million at September 30, 2026 as compared to June 30, 2026 largely due to the third quarter 2026 migration of a $4.0 million CRE loan previously reported in the 30 to 59 days past due delinquency category at June 30, 2026, partially offset by lower residential mortgage and C&I loans

Valley National Bancorp (NASDAQ: VLY)

Third Quarter 2026 Earnings

October 22, 2026

delinquencies. All loans 90 days or more past due and still accruing interest are well-secured and in the process of collection.

Allowance for Credit Losses for Loans and Unfunded Commitments. The following table summarizes the allocation of the allowance for credit losses to loan categories and the allocation as a percentage of each loan category at September 30, 2026, June 30, 2026, and September 30, 2025:


		September 30, 2026				June 30, 2026				September 30, 2025
				Allocation				Allocation				Allocation
				as a % of				as a % of				as a % of
		Allowance		Loan		Allowance		Loan		Allowance		Loan
		Allocation		Category		Allocation		Category		Allocation		Category
		($ in thousands)
Loan Category:
Commercial and industrial loans		$	211,513	1.72	%	$	198,910	1.66	%	$	161,848	1.50	%
Commercial real estate loans:
	Commercial real estate	252,903		0.90		268,445		0.96		297,685		1.14
	Construction	46,490		1.75		50,623		2.05		51,908		2.06
Total commercial real estate loans		299,393		0.98		319,068		1.05		349,593		1.22
Residential mortgage loans		47,376		0.78		48,905		0.82		51,094		0.88
Consumer loans:
	Home equity	4,341		0.58		4,333		0.59		3,735		0.57
	Auto and other consumer	18,177		0.54		19,384		0.56		18,730		0.55
Total consumer loans		22,518		0.55		23,717		0.57		22,465		0.56

Allowance for loan losses		580,800		1.09		590,600		1.13		585,000		1.19
Allowance for unfunded credit commitments		19,700				16,320				13,604
Total allowance for credit losses for loans		$	600,500			$	606,920			$	598,604
Allowance for credit losses for loans as a % of total loans				1.13	%			1.16	%			1.21	%

Our loan portfolio, totaling $53.2 billion at September 30, 2026, had net loan charge-offs totaling $37.1 million for the third quarter 2026 as compared to $22.0 million and $14.6 million for the second quarter 2026 and the third quarter 2025, respectively. Gross loan charge-offs totaled $40.1 million for the third quarter 2026 and included (i) an $11.6 million partial charge-off of a C&I loan with $2.0 million of allocated reserves within our allowance for credit losses for loans at September 30, 2026 and (ii) partial charge-offs totaling $9.1 million related to the aforementioned three non-accrual CRE loans totaling $24.7 million, net of the charge-offs, with no related allocated reserves within our allowance for credit losses for loans at September 30, 2026.

The allowance for credit losses for loans, comprised of our allowance for loan losses and unfunded credit commitments, as a percentage of total loans was 1.13 percent at September 30, 2026, 1.16 percent at June 30, 2026, and 1.21 percent at September 30, 2025. For the third quarter 2026, the provision for credit losses for loans totaled $30.7 million as compared to $29.2 million and $19.2 million for the second quarter 2026 and third quarter 2025, respectively. The third quarter 2026

Valley National Bancorp (NASDAQ: VLY)

Third Quarter 2026 Earnings

October 22, 2026

provision was mainly impacted by increases in (i) the economic forecast component of our reserve, (ii) non-economic qualitative reserves and (iii) specific reserves associated with certain collateral dependent loans, partially offset by (iv) a decline in quantitative reserves largely within certain CRE loan categories, including construction loans, at September 30, 2026.

Capital Adequacy

Valley's total risk-based capital, Tier 1 capital, common equity tier 1 capital, and Tier 1 leverage capital ratios were 13.70 percent, 11.36 percent, 10.71 percent and 9.54 percent, respectively, at September 30, 2026 as compared to 13.77 percent, 11.37 percent, 10.71 percent and 9.49 percent, respectively, at June 30, 2026. During the third quarter 2026, we repurchased 2.5 million shares of our common stock at an average price of $13.86 under our current stock repurchase plan.

Investor Conference Call

Valley’s CEO, Ira Robbins, will host a conference call on Thursday, October 22, 2026 at 8:30 AM (ET) to discuss Valley’s third quarter 2026 earnings and related matters. Interested parties should pre-register using this link: https://register-conf.media-server.com/register to receive the dial-in number and a personal PIN, which are required to access the conference call. The teleconference will also be webcast live: https://edge.media-server.com/ and archived on Valley’s website through Monday, November 23, 2026. Investor presentation materials will be made available prior to the conference call at www.valley.com.

About Valley

As the principal subsidiary of Valley National Bancorp (NASDAQ: VLY), Valley National Bank is a regional financial institution with over $67 billion in assets. Founded in 1927, Valley has more than 220 branch locations and commercial offices nationwide and serves clients across New Jersey, New York, Florida, Alabama, California, Illinois, Pennsylvania and Arizona. Valley delivers a full range of consumer, commercial, and wealth management solutions designed to support everything from homeownership and business growth to long-term financial planning. Big enough to support complex financial needs and small enough to stay deeply connected, Valley is grounded in a relationship-led approach focused on understanding people first. That same relationship-led approach guides Valley’s commitment to community investment and responsible corporate citizenship. To learn more, visit www.valley.com or call the Valley Customer Care Center at 800-522-4100.

Forward-Looking Statements

The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management’s confidence and strategies and management’s expectations about our business, new and existing programs and products, the Transactions (as defined below) and other mergers or acquisitions, relationships, opportunities, taxation, technology, market conditions and economic expectations. These statements may be identified by forward-looking terminology such as “intend,” “should,” “expect,” “believe,” “position,” “view,” “opportunity,” “allow,” “continues,” “reflects,” “would,” “could,” “typically,” “usually,” “anticipate,” “may,” “estimate,” “outlook,” “project” or similar statements or variations of such terms. Such forward-looking statements involve certain risks

Valley National Bancorp (NASDAQ: VLY)

Third Quarter 2026 Earnings

October 22, 2026

and uncertainties. Actual results may differ materially from such forward-looking statements. Factors that may cause actual results to differ materially from those contemplated in these forward-looking statements include, but are not limited to:

•risks and uncertainties relating to Valley’s pending acquisitions of Providence and Bluevine (together, the “Transactions”), including, but not limited to: the possibility that the Transactions may not be completed when expected or at all, including as a result of delays in obtaining, or the failure to obtain, required regulatory or other approvals or the failure to satisfy other closing conditions, including approval by Providence shareholders; the occurrence of any event that could give rise to the right of any party to terminate the merger or other agreement; the possibility that the anticipated benefits of the Transactions, including potential cost savings, synergies, and earnings accretion, will not be realized when expected or at all; the possibility that the Transactions may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management and attention from ongoing business operations; costs or difficulties relating to integration matters might be greater than expected; the inability to retain customers and qualified employees of Providence and Bluevine; potential business disruption or adverse reactions or changes to business, customer or employee relationships as a result of the Transactions; and changes in estimates of non-recurring charges related to the Transactions;

•the impact of market interest rates and monetary and fiscal policies of the U.S. federal government and its agencies in connection with prolonged inflationary pressures, which could have a material adverse effect on our clients, our business, our employees, and our ability to provide services to our customers;

•the impact of unfavorable macroeconomic conditions or downturns, including instability or volatility in financial markets resulting from the impact of tariffs/import fees and other trade policies and practices, any retaliatory actions, changes in energy commodity prices, related market uncertainty, or other factors; U.S. government debt default or rating downgrade; unanticipated loan delinquencies; loss of collateral; decreased service revenues; increased business disruptions or failures; reductions in employment; and other potential negative effects on our business, employees or clients caused by factors outside of our control, such as new legislation and policy changes under the current U.S. presidential administration, any shutdown of the U.S. federal government, geopolitical instabilities or events, including ongoing conflicts in the Middle East, natural and other disasters, including severe weather events and other climate-related risks, health emergencies, acts of terrorism, or other external events;

•the impact of any potential instability within the U.S. financial sector or future bank failures, including the possibility of a run on deposits by a coordinated deposit base, and the impact of any actual or perceived concerns regarding the soundness, or creditworthiness, of other financial institutions, including any resulting disruption within the financial markets, increased expenses, including FDIC insurance assessments, or adverse impact on our stock price, deposits or our ability to borrow or raise capital;

•the impact of negative public opinion regarding Valley or banks in general that damages our reputation and adversely impacts business and revenues;

•changes in the statutes, regulations, policies, enforcement priorities, or composition of the federal bank regulatory agencies;

Valley National Bancorp (NASDAQ: VLY)

Third Quarter 2026 Earnings

October 22, 2026

•the loss of or decrease in lower-cost funding sources within our deposit base;

•investigations, damage verdicts, settlements or restrictions related to existing or potential class action litigation or individual litigation arising from claims of violations of laws or regulations, contractual claims, breach of fiduciary responsibility, negligence, fraud, environmental laws, patent, trademark or other intellectual property infringement, misappropriation or other violation, employment-related claims, and other matters;

•a prolonged downturn and contraction in the economy, as well as any decline in commercial real estate values collateralizing a significant portion of our loan portfolio;

•higher or lower than expected income tax expense or tax rates, including increases or decreases resulting from changes in uncertain tax position liabilities, tax laws, regulations, and case law;

•the inability to grow customer deposits to keep pace with the level of loan growth;

•a material change in our allowance for credit losses due to forecasted economic conditions and/or unexpected credit deterioration in our loan and investment portfolios;

•the need to supplement debt or equity capital to maintain or exceed internal capital thresholds;

•changes in our business, strategy, market conditions or other factors that may negatively impact the estimated fair value of our goodwill and other intangible assets and result in future impairment charges;

•greater than expected technology-related costs due to, among other factors, prolonged or failed implementations, additional project staffing and obsolescence caused by continuous and rapid market innovations;

•increased competitive challenges and competitive pressure on pricing of our products and services;

•our ability to stay current with rapid technological changes and evolving legal and regulatory requirements in the financial services industry, including developments relating to the use of artificial intelligence, blockchain, and related regulatory developments, as well as our ability to effectively assess and monitor the effects of, and risks associated with, the implementation and use of such technology;

•cyberattacks, ransomware attacks, computer viruses, malware or other cybersecurity incidents that may breach the security of our or our third-party service providers’ websites or other systems or networks to obtain unauthorized access to personal, confidential, proprietary or sensitive information, destroy data, disable or degrade service, or sabotage our systems or networks, and the increasing sophistication of such attacks and use of targeted tactics against the financial services industry;

•any disruption of our systems and network, or those of our third-party service providers, resulting from events that are wholly or partially beyond our control, including, for example, electrical, telecommunications, or other major service outages, or actions by employees, which may give rise to financial loss or liability;

•results of examinations by the Office of the Comptroller of the Currency (OCC), the Federal Reserve Bank, the Consumer Financial Protection Bureau and other regulatory authorities, including the possibility that any such regulatory authority may, among other things, require us to increase our allowance for credit losses, write-down assets, reimburse customers, change the way we do business, or limit or eliminate certain other banking activities;

Valley National Bancorp (NASDAQ: VLY)

Third Quarter 2026 Earnings

October 22, 2026

•application of heightened regulatory standards for certain large insured national banks, and the expenses we will incur to develop policies, programs, and systems that comply with the enhanced standards applicable to us;

•our inability or determination not to pay dividends at current levels, or at all, because of inadequate earnings, regulatory restrictions or limitations, changes in our capital requirements, or a decision to increase capital by retaining more earnings;

•unanticipated loan delinquencies, loss of collateral, decreased service revenues, and other potential negative effects on our business caused by severe weather and other climate-related risks, pandemics or other public health crises, acts of terrorism or other external events;

•our ability to successfully execute our business plan and strategic initiatives; and

•unexpected significant declines in the loan portfolio due to the lack of economic expansion, increased competition, large prepayments, risk mitigation strategies, changes in regulatory lending guidance or other factors.

A detailed discussion of factors that could affect our results is included in our SEC filings, including Item 1A. “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2025.

We undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in our expectations, except as required by law. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

# # #

-Tables to Follow-

VALLEY NATIONAL BANCORP

CONSOLIDATED FINANCIAL HIGHLIGHTS

SELECTED FINANCIAL DATA


	Three Months Ended									Nine Months Ended
	September 30,			June 30,			September 30,			September 30,
($ in thousands, except for share data and stock price)	2026			2026			2025			2026			2025
FINANCIAL DATA:
Net interest income - FTE (1)	$	506,794		$	488,388		$	447,473		$	1,467,983		$	1,302,525
Net interest income	505,451			487,024			446,224			1,464,000			1,298,737
Non-interest income	78,700			73,711			64,887			221,247			185,785
Total revenue	584,151			560,735			511,111			1,685,247			1,484,522
Non-interest expense	309,958			311,123			281,985			931,007			842,725
Pre-provision net revenue	274,193			249,612			229,126			754,240			641,797
Provision for credit losses	30,641			29,164			19,171			81,061			119,631
Income tax expense	37,252			49,563			46,600			132,081			119,586
Net income	206,300			170,885			163,355			541,098			402,580
Dividends on preferred stock	7,335			7,316			7,644			21,868			21,547
Net income available to common shareholders	$	198,965		$	163,569		$	155,711		$	519,230		$	381,033
Weighted average number of common shares outstanding:
Basic	552,358,147			553,740,562			560,504,275			553,946,293			560,154,649
Diluted	556,266,986			556,958,049			563,636,933			557,405,979			563,905,535
Per common share data:
Basic earnings	$	0.36		$	0.30		$	0.28		$	0.94		$	0.68
Diluted earnings	0.36			0.29			0.28			0.93			0.68
Cash dividends declared	0.11			0.11			0.11			0.33			0.33
Closing stock price - high	15.19			14.78			11.10			15.19			11.10
Closing stock price - low	12.62			12.42			9.18			11.66			7.87
FINANCIAL RATIOS:
Net interest margin	3.27		%	3.19		%	3.04		%	3.21		%	3.00		%
Net interest margin - FTE (1)	3.28			3.20			3.05			3.22			3.01
Annualized return on average assets	1.24			1.04			1.04			1.10			0.86
Annualized return on average shareholders' equity	10.36			8.65			8.58			9.12			7.13
NON-GAAP FINANCIAL DATA AND RATIOS: (2)
Basic earnings per share, as adjusted	$	0.36		$	0.30		$	0.28		$	0.95		$	0.68
Diluted earnings per share, as adjusted	0.36			0.30			0.28			0.94			0.68
Annualized return on average assets, as adjusted	1.24		%	1.05		%	1.04		%	1.12		%	0.87		%
Annualized return on average shareholders' equity, as adjusted	10.36			8.75			8.62			9.24			7.16
Annualized return on average tangible common shareholders' equity	14.24			11.91			12.05			12.58			10.08
Annualized return on average tangible common shareholders' equity, as adjusted	14.24			12.05			12.10			12.74			10.13
Efficiency ratio	49.38			52.11			53.37			51.49			54.79




AVERAGE BALANCE SHEET ITEMS:
Assets	$	66,506,401		$	65,584,823		$	63,046,215		$	65,435,632		$	62,224,382
Interest earning assets	61,834,602			61,057,362			58,623,153			60,878,033			57,695,831
Loans	52,683,932			51,884,173			49,270,853			51,620,023			48,988,393
Interest bearing liabilities	44,550,998			44,160,202			42,677,630			44,025,506			41,947,670
Deposits	54,163,381			53,174,301			51,167,324			53,243,510			50,080,358
Shareholders' equity	7,967,868			7,901,688			7,616,810			7,908,818			7,533,660

VALLEY NATIONAL BANCORP

CONSOLIDATED FINANCIAL HIGHLIGHTS


	As of
BALANCE SHEET ITEMS:	September 30,			June 30,			March 31,			December 31,			September 30,
(In thousands)	2026			2026			2026			2025			2025
Assets	$	67,470,879		$	66,318,308		$	64,466,585		$	64,132,725		$	63,018,614
Total loans	53,189,984			52,467,251			50,828,820			50,136,728			49,272,823
Deposits	55,228,795			54,118,607			52,859,621			52,183,093			51,175,758
Shareholders' equity	7,896,552			7,917,144			7,828,443			7,807,698			7,695,374

LOANS:
(In thousands)



Commercial and industrial	$	12,324,253		$	11,961,242		$	11,104,079		$	10,961,519		$	10,757,857
Commercial real estate:
Non-owner occupied	11,001,011			11,146,663			11,503,874			11,571,127			11,674,103
Multifamily	9,024,673			9,034,186			8,588,462			8,571,713			8,394,694
Owner occupied	8,008,473			7,692,877			7,132,254			6,629,909			6,097,319
Total	28,034,157			27,873,726			27,224,590			26,772,749			26,166,116
Construction	2,658,202			2,475,109			2,485,387			2,471,233			2,517,258
Total commercial real estate	30,692,359			30,348,835			29,709,977			29,243,982			28,683,374
Residential mortgage	6,084,398			5,982,941			5,869,070			5,826,192			5,795,395
Consumer:
Home equity	748,969			728,623			701,136			687,680			655,872
Automobile	2,031,983			2,150,089			2,198,102			2,184,600			2,191,976
Other consumer	1,308,022			1,295,521			1,246,456			1,232,755			1,188,349
Total consumer loans	4,088,974			4,174,233			4,145,694			4,105,035			4,036,197
Total loans	$	53,189,984		$	52,467,251		$	50,828,820		$	50,136,728		$	49,272,823

CAPITAL RATIOS:
Book value per common share	$	13.70		$	13.67		$	13.48		$	13.39		$	13.09
Tangible book value per common share (2)	10.15			10.13			9.94			9.85			9.57
Tangible common equity to tangible assets (2)	8.53		%	8.71		%	8.82		%	8.82		%	8.79		%
Tier 1 leverage capital	9.54			9.49			9.56			9.63			9.52
Common equity tier 1 capital	10.71			10.71			10.91			10.99			11.00
Tier 1 risk-based capital	11.36			11.37			11.60			11.69			11.72
Total risk-based capital	13.70			13.77			13.66			13.77			13.83

VALLEY NATIONAL BANCORP

CONSOLIDATED FINANCIAL HIGHLIGHTS


	Three Months Ended									Nine Months Ended
ALLOWANCE FOR CREDIT LOSSES:	September 30,			June 30,			September 30,			September 30,
($ in thousands)	2026			2026			2025			2026			2025
Allowance for credit losses for loans
Beginning balance - Allowance for credit losses for loans	$	606,920		$	599,800		$	594,020		$	596,100		$	573,328



Loans charged-off:
Commercial and industrial	(17,656)			(9,838)			(2,745)			(30,276)			(56,390)
Commercial real estate	(19,075)			(14,434)			(11,776)			(47,265)			(38,659)
Construction	—			—			(541)			—			(1,704)
Residential mortgage	—			—			(26)			—			(72)
Total consumer	(3,327)			(3,354)			(1,478)			(9,944)			(5,831)
Total loans charged-off	(40,058)			(27,626)			(16,566)			(87,485)			(102,656)
Charged-off loans recovered:
Commercial and industrial	1,268			1,669			1,169			4,335			4,768
Commercial real estate	700			2,790			206			3,837			643
Construction	—			—			—			—			455
Residential mortgage	26			41			56			150			261
Total consumer	986			1,080			548			2,495			2,164
Total loans recovered	2,980			5,580			1,979			10,817			8,291
Total net charge-offs	(37,078)			(22,046)			(14,587)			(76,668)			(94,365)
Provision for credit losses for loans	30,658			29,166			19,171			81,068			119,641
Ending balance	$	600,500		$	606,920		$	598,604		$	600,500		$	598,604
Components of allowance for credit losses for loans:
Allowance for loan losses	$	580,800		$	590,600		$	585,000		$	580,800		$	585,000
Allowance for unfunded credit commitments	19,700			16,320			13,604			19,700			13,604
Allowance for credit losses for loans	$	600,500		$	606,920		$	598,604		$	600,500		$	598,604
Components of provision for credit losses for loans:
Provision for credit losses for loans	$	27,278		$	28,146		$	20,087		$	74,068		$	120,515
Provision (credit) for unfunded credit commitments	3,380			1,020			(916)			7,000			(874)
Total provision for credit losses for loans	$	30,658		$	29,166		$	19,171		$	81,068		$	119,641
Annualized ratio of total net charge-offs to total average loans	0.28		%	0.17		%	0.12		%	0.20		%	0.26		%
Allowance for credit losses for loans as a % of total loans	1.13		%	1.16		%	1.21		%	1.13		%	1.21		%

VALLEY NATIONAL BANCORP

CONSOLIDATED FINANCIAL HIGHLIGHTS


	As of
ASSET QUALITY:	September 30,			June 30,			March 31,			December 31,			September 30,
($ in thousands)	2026			2026			2026			2025			2025
Accruing past due loans:
30 to 59 days past due:
Commercial and industrial	$	6,990		$	5,083		$	5,285		$	11,177		$	912
Commercial real estate	72,568			106,034			69,494			72,810			26,371
Construction	—			1,752			—			—			—
Residential mortgage	14,221			22,154			20,534			21,615			23,556
Total consumer	15,488			15,974			13,112			14,420			12,728
Total 30 to 59 days past due	109,267			150,997			108,425			120,022			63,567
60 to 89 days past due:
Commercial and industrial	990			2,748			1,015			1,274			1,061
Commercial real estate	10,869			—			—			—			6,033

Residential mortgage	11,927			6,495			4,285			10,181			5,040
Total consumer	4,127			3,904			3,506			5,269			4,023
Total 60 to 89 days past due	27,913			13,147			8,806			16,724			16,157
90 or more days past due:
Commercial and industrial	2,505			3,527			3,499			—			—
Commercial real estate	10,295			5,454			—			212			—

Residential mortgage	2,524			5,223			5,894			3,300			3,911
Total consumer	2,008			1,862			1,309			1,070			1,125
Total 90 or more days past due	17,332			16,066			10,702			4,582			5,036
Total accruing past due loans	$	154,512		$	180,210		$	127,933		$	141,328		$	84,760
Non-accrual loans:
Commercial and industrial	$	168,080		$	147,731		$	145,804		$	138,321		$	92,214
Commercial real estate	253,088			256,081			225,417			236,221			235,754
Construction	39,257			9,139			9,148			9,140			48,248
Residential mortgage	44,858			42,992			45,988			44,424			38,949
Total consumer	6,107			6,686			6,289			5,832			6,324
Total non-accrual loans	511,390			462,629			432,646			433,938			421,489
Other real estate owned (OREO)	1,729			4,126			5,161			4,531			4,783
Other repossessed assets	675			1,020			1,758			1,286			1,065

Total non-performing assets	$	513,794		$	467,775		$	439,565		$	439,755		$	427,337
Total non-accrual loans as a % of loans	0.96		%	0.88		%	0.85		%	0.87		%	0.86		%
Total accruing past due and non-accrual loans as a % of loans	1.25		%	1.23		%	1.10		%	1.15		%	1.03		%
Allowance for losses on loans as a % of non-accrual loans	113.57		%	127.66		%	135.10		%	134.44		%	138.79		%

VALLEY NATIONAL BANCORP

CONSOLIDATED FINANCIAL HIGHLIGHTS

NOTES TO SELECTED FINANCIAL DATA


(1)			Net interest income and net interest margin are presented on a tax equivalent basis using a 21 percent federal tax rate. Valley believes that this presentation provides comparability of net interest income and net interest margin arising from both taxable and tax-exempt sources and is consistent with industry practice and SEC rules.

(2)			Non-GAAP Reconciliations. This press release contains certain supplemental financial information, described in the Notes below, which has been determined by methods other than U.S. Generally Accepted Accounting Principles (“GAAP”) that management uses in its analysis of Valley's performance. The Company believes that the non-GAAP financial measures provide useful supplemental information to both management and investors in understanding Valley’s underlying operational performance, business and performance trends, and may facilitate comparisons of our current and prior performance with the performance of others in the financial services industry. Management utilizes these measures for internal planning, forecasting and analysis purposes. Management believes that Valley’s presentation and discussion of this supplemental information, together with the accompanying reconciliations to the GAAP financial measures, also allows investors to view performance in a manner similar to management. These non-GAAP financial measures should not be considered in isolation or as a substitute for or superior to financial measures calculated in accordance with U.S. GAAP. These non-GAAP financial measures may also be calculated differently from similar measures disclosed by other companies.

Non-GAAP Reconciliations to GAAP Financial Measures


	Three Months Ended						Nine Months Ended
	September 30,		June 30,		September 30,		September 30,
($ in thousands, except for share data)	2026		2026		2025		2026		2025
Adjusted net income available to common shareholders (non-GAAP):
Net income, as reported (GAAP)	$	206,300	$	170,885	$	163,355	$	541,098	$	402,580
Add: Merger related expenses (a)	3,094		—		—		3,094		—
Add: Restructuring charge (b)	—		2,513		3,854		8,202		4,654

Add: Litigation reserve (c)	—		230		1,012		1,492		1,012
Add: Loss on extinguishment of debt	—		—		—		—		922
Less: Litigation settlements (d)	(3,051)		—		—		(3,051)		—
Less: (Gains) losses on available for sale and held to maturity debt securities, net (e)	(3)		—		(28)		7		(17)

Less: FDIC special assessment (f)	—		—		(3,817)		—		(3,817)

Total non-GAAP adjustments to net income	40		2,743		1,021		9,744		2,754
Income tax adjustments related to non-GAAP adjustments (g)	26		(782)		(288)		(2,740)		(765)
Net income, as adjusted (non-GAAP)	$	206,366	$	172,846	$	164,088	$	548,102	$	404,569
Dividends on preferred stock	7,335		7,316		7,644		21,868		21,547
Net income available to common shareholders, as adjusted (non-GAAP)	$	199,031	$	165,530	$	156,444	$	526,234	$	383,022
__________
(a) Merger related expenses primarily include professional and legal fees and other expense.
(b) Represents severance expense related to workforce reductions within salary and employee benefits expense.
(c) Represents the change in legal reserves and settlement charges included in professional and legal fees.
(d) Represents recoveries from legal settlements included in other income.
(e) Included in gains on securities transactions, net.
(f) Represents the change in estimated special assessment losses included in the FDIC insurance assessment expense.
(g) Calculated using the appropriate blended statutory tax rate for the applicable period.
Adjusted per common share data (non-GAAP):
Net income available to common shareholders, as adjusted (non-GAAP)	$	199,031	$	165,530	$	156,444	$	526,234	$	383,022
Weighted average number of shares outstanding	552,358,147		553,740,562		560,504,275		553,946,293		560,154,649
Basic earnings, as adjusted (non-GAAP)	$	0.36	$	0.30	$	0.28	$	0.95	$	0.68
Weighted average number of diluted shares outstanding	556,266,986		556,958,049		563,636,933		557,405,979		563,905,535
Diluted earnings, as adjusted (non-GAAP)	$	0.36	$	0.30	$	0.28	$	0.94	$	0.68

VALLEY NATIONAL BANCORP

CONSOLIDATED FINANCIAL HIGHLIGHTS

Non-GAAP Reconciliations to GAAP Financial Measures (Continued)


	Three Months Ended									Nine Months Ended
	September 30,			June 30,			September 30,			September 30,
($ in thousands, except for share data)	2026			2026			2025			2026			2025
Adjusted annualized return on average tangible common shareholders' equity (non-GAAP):
Net income available to common shareholders, as adjusted (non-GAAP)	$	199,031		$	165,530		$	156,444		$	526,234		$	383,022
Add: Amortization of other intangible assets (net of tax), other than loan servicing rights	4,239			4,247			5,112			13,232			15,851
Net income available to common shareholders excluding intangible amortization, as adjusted (non-GAAP)	203,270			169,777			161,556			539,466			398,873
Average shareholders' equity	7,967,868			7,901,688			7,616,810			7,908,818			7,533,660
Less: Average preferred shareholders equity	354,345			354,345			354,345			354,345			354,345
Less: Average goodwill (net of deferred tax liability)	1,858,851			1,858,851			1,859,614			1,858,851			1,859,614
Less: Average intangible assets (net of deferred tax liability), other than loan servicing rights	46,027			51,387			62,905			51,457			69,431
Average tangible common shareholders' equity	$	5,708,645		$	5,637,105		$	5,339,946		$	5,644,165		$	5,250,270
Annualized return on average tangible common shareholders' equity, as adjusted (non-GAAP)	14.24		%	12.05		%	12.10		%	12.74		%	10.13		%
Adjusted annualized return on average assets (non-GAAP):
Net income, as adjusted (non-GAAP)	$	206,366		$	172,846		$	164,088		$	548,102		$	404,569
Average assets	$	66,506,401		$	65,584,823		$	63,046,215		$	65,435,632		$	62,224,382
Annualized return on average assets, as adjusted (non-GAAP)	1.24		%	1.05		%	1.04		%	1.12		%	0.87		%
Adjusted annualized return on average shareholders' equity (non-GAAP):
Net income, as adjusted (non-GAAP)	$	206,366		$	172,846		$	164,088		$	548,102		$	404,569
Average shareholders' equity	$	7,967,868		$	7,901,688		$	7,616,810		$	7,908,818		$	7,533,660
Annualized return on average shareholders' equity, as adjusted (non-GAAP)	10.36		%	8.75		%	8.62		%	9.24		%	7.16		%
Annualized return on average tangible common shareholders' equity (non-GAAP):
Net income available to common shareholders	$	198,965		$	163,569		$	155,711		$	519,230		$	381,033
Add: Amortization of other intangible assets (net of tax), other than loan servicing rights	4,239			4,247			5,112			13,232			15,851
Net income available to common shareholders excluding intangible amortization (non-GAAP)	203,204			167,816			160,823			532,462			396,884
Average tangible common shareholders' equity (non-GAAP)	$	5,708,645		$	5,637,105		$	5,339,946		$	5,644,165		$	5,250,270
Annualized return on average tangible common shareholders' equity (non-GAAP)	14.24		%	11.91		%	12.05		%	12.58		%	10.08		%

Efficiency ratio (non-GAAP):
Non-interest expense, as reported (GAAP)	$	309,958		$	311,123		$	281,985		$	931,007		$	842,725
Less: Merger related expenses (pre-tax)	3,094			—			—			3,094			—
Less: Amortization of tax credit investments (pre-tax)	19,904			16,157			8,147			52,075			26,601
Less: Restructuring charge (pre-tax)	—			2,513			3,854			8,202			4,654
Less: Litigation reserve (pre-tax)	—			230			1,012			1,492			1,012
Less: Loss on extinguishment of debt (pre-tax)	—			—			—			—			922
Add: FDIC special assessment (pre-tax)	—			—			(3,817)			—			(3,817)
Non-interest expense, as adjusted (non-GAAP)	286,960			292,223			272,789			866,144			813,353
Net interest income, as reported (GAAP)	505,451			487,024			446,224			1,464,000			1,298,737
Non-interest income, as reported (GAAP)	78,700			73,711			64,887			221,247			185,785

Less: (Gains) losses on available for sale and held to maturity securities transactions, net (pre-tax)	(3)			—			(28)			7			(17)
Less: Litigation settlements (pre-tax)	(3,051)			—			—			(3,051)			—


Gross operating income, as adjusted (non-GAAP)	$	581,097		$	560,735		$	511,083		$	1,682,203		$	1,484,505
Efficiency ratio (non-GAAP)	49.38		%	52.11		%	53.37		%	51.49		%	54.79		%

VALLEY NATIONAL BANCORP

CONSOLIDATED FINANCIAL HIGHLIGHTS

Non-GAAP Reconciliations to GAAP Financial Measures (Continued)


	As of
	September 30,			June 30,			March 31,			December 31,			September 30,
($ in thousands, except for share data)	2026			2026			2026			2025			2025
Tangible book value per common share (non-GAAP):
Common shares outstanding	550,621,196			553,069,100			554,316,876			556,618,021			560,784,352
Shareholders' equity (GAAP)	$	7,896,552		$	7,917,144		$	7,828,443		$	7,807,698		$	7,695,374
Less: Preferred stock	354,345			354,345			354,345			354,345			354,345
Less: Goodwill and other intangible assets	1,952,392			1,958,135			1,963,706			1,969,811			1,976,594
Tangible common shareholders' equity (non-GAAP)	$	5,589,815		$	5,604,664		$	5,510,392		$	5,483,542		$	5,364,435
Tangible book value per common share (non-GAAP)	$	10.15		$	10.13		$	9.94		$	9.85		$	9.57
Tangible common equity to tangible assets (non-GAAP):
Tangible common shareholders' equity (non-GAAP)	$	5,589,815		$	5,604,664		$	5,510,392		$	5,483,542		$	5,364,435
Total assets (GAAP)	67,470,879			66,318,308			64,466,585			64,132,725			63,018,614
Less: Goodwill and other intangible assets	1,952,392			1,958,135			1,963,706			1,969,811			1,976,594
Tangible assets (non-GAAP)	$	65,518,487		$	64,360,173		$	62,502,879		$	62,162,914		$	61,042,020
Tangible common equity to tangible assets (non-GAAP)	8.53		%	8.71		%	8.82		%	8.82		%	8.79		%

VALLEY NATIONAL BANCORP

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(in thousands, except for share data)


	September 30,		December 31,
	2026		2025
	(Unaudited)
Assets
Cash and due from banks	$	339,682	$	315,166
Interest bearing deposits with banks	785,320		1,268,399
Investment securities:
Equity securities	92,700		82,774
Trading debt securities	26,749		—
Available for sale debt securities	4,229,810		4,202,218
Held to maturity debt securities (net of allowance for credit losses of $727 at September 30, 2026 and $734 at December 31, 2025)	3,726,695		3,495,837
Total investment securities	8,075,954		7,780,829
Loans held for sale (includes fair value of $7,452 at September 30, 2026 and $8,212 at December 31, 2025 for loans originated for sale)	16,202		26,236
Loans	53,189,984		50,136,728
Less: Allowance for loan losses	(580,800)		(583,400)
Net loans	52,609,184		49,553,328
Premises and equipment, net	311,548		330,757
Lease right of use assets	292,927		313,891
Bank owned life insurance	743,687		738,090
Accrued interest receivable	259,987		243,897
Goodwill	1,868,936		1,868,936
Other intangible assets, net	83,456		100,875
Other assets	2,083,996		1,592,321
Total Assets	$	67,470,879	$	64,132,725
Liabilities
Deposits:
Non-interest bearing	$	12,446,761	$	12,155,500
Interest bearing:
Savings, NOW and money market	29,397,309		28,603,470
Time	13,384,725		11,424,123
Total deposits	55,228,795		52,183,093
Short-term borrowings	50,256		91,475
Long-term borrowings	2,607,639		2,908,579
Junior subordinated debentures issued to capital trusts	58,064		57,803
Lease liabilities	348,505		372,448
Accrued expenses and other liabilities	1,281,068		711,629
Total Liabilities	59,574,327		56,325,027
Shareholders’ Equity
Preferred stock, no par value; 50,000,000 authorized shares:
Series A (4,600,000 shares issued at September 30, 2026 and December 31, 2025)	111,590		111,590
Series B (4,000,000 shares issued at September 30, 2026 and December 31, 2025)	98,101		98,101
Series C (6,000,000 shares issued at September 30, 2026 and December 31, 2025)	144,654		144,654
Common stock (no par value, authorized 650,000,000 shares; issued 560,878,750 shares at September 30, 2026 and December 31, 2025)	196,730		196,730
Surplus	5,467,999		5,464,845
Retained earnings	2,241,005		1,912,933
Accumulated other comprehensive loss	(232,186)		(74,379)
Treasury stock, at cost (10,257,554 common shares at September 30, 2026 and 4,260,729 common shares at December 31, 2025)	(131,341)		(46,776)
Total Shareholders’ Equity	7,896,552		7,807,698
Total Liabilities and Shareholders’ Equity	$	67,470,879	$	64,132,725

VALLEY NATIONAL BANCORP

CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

(in thousands, except for share data)


	Three Months Ended						Nine Months Ended
	September 30,		June 30,		September 30,		September 30,
	2026		2026		2025		2026		2025
Interest Income
Interest and fees on loans	$	764,546	$	736,060	$	733,191	$	2,209,246	$	2,157,082
Interest and dividends on investment securities:
Taxable	78,028		76,113		70,211		227,949		201,273
Tax-exempt	4,969		5,048		4,611		14,735		13,994
Dividends	4,474		5,771		4,891		15,045		16,083
Interest on federal funds sold and other short-term investments	5,182		6,383		14,019		22,323		28,255

Total interest income	857,199		829,375		826,923		2,489,298		2,416,687
Interest Expense
Interest on deposits:
Savings, NOW and money market	196,272		190,973		210,921		578,030		614,532
Time	119,337		112,693		133,108		338,708		387,501
Interest on short-term borrowings	3,322		6,047		555		9,605		5,237
Interest on long-term borrowings and junior subordinated debentures	32,817		32,638		36,115		98,955		110,680
Total interest expense	351,748		342,351		380,699		1,025,298		1,117,950
Net Interest Income	505,451		487,024		446,224		1,464,000		1,298,737

(Credit) provision for credit losses for available for sale and held to maturity securities	(17)		(2)		—		(7)		(10)
Provision for credit losses for loans	30,658		29,166		19,171		81,068		119,641
Net Interest Income After Provision for Credit Losses	474,810		457,860		427,053		1,382,939		1,179,106
Non-Interest Income
Wealth management and trust fees	22,178		17,655		16,134		55,839		45,221
Insurance commissions	3,015		3,770		2,914		9,652		9,746
Capital markets	9,996		12,933		9,814		33,310		26,521
Service charges on deposit accounts	19,156		18,728		16,764		56,088		44,195
Gains on securities transactions, net	259		50		28		330		73



Fees from loan servicing	3,089		3,268		3,405		9,575		10,291
Gains on sales of loans, net	1,254		1,742		740		6,086		4,962

Bank owned life insurance	3,675		5,913		4,657		15,423		15,453
Other	16,078		9,652		10,431		34,944		29,323
Total non-interest income	78,700		73,711		64,887		221,247		185,785
Non-Interest Expense
Salary and employee benefits expense	150,080		150,432		146,820		456,227		434,860
Net occupancy expense	25,727		27,179		24,865		80,088		76,236
Technology, furniture and equipment expense	32,312		33,247		30,708		97,437		91,271
FDIC insurance assessment	10,802		11,691		8,357		32,969		33,416
Amortization of other intangible assets	6,319		6,268		7,544		19,506		22,990
Professional and legal fees	25,125		29,533		24,261		79,800		59,901
Loss on extinguishment of debt	—		—		—		—		922
Amortization of tax credit investments	19,904		16,157		8,147		52,075		26,601
Other	39,689		36,616		31,283		112,905		96,528
Total non-interest expense	309,958		311,123		281,985		931,007		842,725
Income Before Income Taxes	243,552		220,448		209,955		673,179		522,166
Income tax expense	37,252		49,563		46,600		132,081		119,586
Net Income	206,300		170,885		163,355		541,098		402,580
Dividends on preferred stock	7,335		7,316		7,644		21,868		21,547
Net Income Available to Common Shareholders	$	198,965	$	163,569	$	155,711	$	519,230	$	381,033

VALLEY NATIONAL BANCORP

Quarterly Analysis of Average Assets, Liabilities and Shareholders' Equity and

Net Interest Income on a Tax Equivalent Basis


	Three Months Ended
	September 30, 2026						June 30, 2026						September 30, 2025
	Average				Avg.		Average				Avg.		Average				Avg.
($ in thousands)	Balance		Interest		Rate		Balance		Interest		Rate		Balance		Interest		Rate
Assets
Interest earning assets:
Loans (1)(2)	$	52,683,932	$	764,568	5.80	%	$	51,884,173	$	736,082	5.67	%	$	49,270,853	$	733,214	5.95	%
Taxable investments (3)	8,048,596		82,502		4.10		7,928,555		81,884		4.13		7,522,290		75,102		3.99
Tax-exempt investments (1)(3)	530,189		6,290		4.75		544,950		6,390		4.69		540,491		5,837		4.32
Interest bearing deposits with banks	571,885		5,182		3.62		699,684		6,383		3.65		1,289,519		14,019		4.35
Total interest earning assets	61,834,602		858,542		5.55		61,057,362		830,739		5.44		58,623,153		828,172		5.65
Other assets	4,671,799						4,527,461						4,423,062
Total assets	$	66,506,401					$	65,584,823					$	63,046,215
Liabilities and shareholders' equity
Interest bearing liabilities:
Savings, NOW and money market deposits	$	28,982,923	$	196,272	2.71	%	$	28,920,057	$	190,973	2.64	%	$	27,005,791	$	210,921	3.12	%
Time deposits	12,529,463		119,337		3.81		11,881,270		112,693		3.79		12,621,182		133,108		4.22
Short-term borrowings	373,156		3,322		3.56		674,094		6,047		3.59		89,147		555		2.49
Long-term borrowings (4)	2,665,456		32,817		4.92		2,684,781		32,638		4.86		2,961,510		36,115		4.88
Total interest bearing liabilities	44,550,998		351,748		3.16		44,160,202		342,351		3.10		42,677,630		380,699		3.57
Non-interest bearing deposits	12,650,995						12,372,974						11,540,351
Other liabilities	1,336,540						1,149,959						1,211,424
Shareholders' equity	7,967,868						7,901,688						7,616,810
Total liabilities and shareholders' equity	$	66,506,401					$	65,584,823					$	63,046,215

Net interest income/interest rate spread (5)			$	506,794	2.39	%			$	488,388	2.34	%			$	447,473	2.08	%
Tax equivalent adjustment			(1,343)						(1,364)						(1,249)
Net interest income, as reported			$	505,451					$	487,024					$	446,224
Net interest margin (6)					3.27	%					3.19	%					3.04	%
Tax equivalent effect					0.01						0.01						0.01
Net interest margin on a fully tax equivalent basis (6)					3.28	%					3.20	%					3.05	%

(1) Interest income is presented on a tax equivalent basis using a 21 percent federal tax rate.

(2) Loans are stated net of unearned income and include non-accrual loans.

(3) The yield for securities that are classified as available for sale is based on the average historical amortized cost.

(4) Includes junior subordinated debentures issued to capital trusts which are presented separately on the consolidated statements of financial condition.

(5) Interest rate spread represents the difference between the average yield on interest earning assets and the average cost of interest bearing liabilities and is presented on a fully tax equivalent basis.

(6) Net interest income as a percentage of total average interest earning assets.







			INVESTOR RELATIONS Requests for copies of reports and/or other inquiries should be directed to Andrew Jianette, Investor Relations, Valley National Bancorp, 70 Speedwell Avenue, Morristown, New Jersey, 07960 or by e-mail at investorrelations@valley.com.

3Q26 Earnings Presentation October 22, 2026 Exhibit 99.2

2 Forward Looking Statements The foregoing contains forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . Such statements are not historical facts and include expressions about management’s confidence and strategies and management’s expectations about our business, new and existing programs and products, the Transactions (as defined below) and other mergers or acquisitions, relationships, opportunities, taxation, technology, market conditions and economic expectations . These statements may be identified by forward -looking terminology such as “intend,” “should,” “expect,” “believe ,” “target,” “position,” “view,” “opportunity,” “allow,” “continues,” “reflects,” “would,” “could,” “typically,” “usually,” “anticipate,” “may,” “estimate,” “outlook,” “project” or similar statements or variations of such terms . Such forward -looking statements involve certain risks and uncertainties . Actual results may differ materially from such forward -looking statements . Factors that may cause actual results to differ materially from those contemplated in these forward -looking statements include, but are not limited to : risks and uncertainties relating to Valley’s proposed acquisitions of Providence and Bluevine (together, the “Transactions”), including, but not limited to : the possibility that the Transactions may not be completed when expected or at all, including as a result of delays in obtaining, or the failure to obtain, required regulatory or other approvals or the failure to satisfy other closing conditions, including approval by Providence shareholders ; the occurrence of any event that could give rise to the right of any party to terminate the merger or other agreement ; the possibility that the anticipated benefits of the Transactions, including potential cost savings, synergies, and earnings accretion, will not be realized when expected or at all; the possibility that the Transactions may be more expensive to complete than anticipated, including as a result of unexpected factors or events ; diversion of management and attention from ongoing business operations ; costs or difficulties relating to integration matters might be greater than expected ; the inability to retain customers and qualified employees of Providence and Bluevine ; potential business disruption or adverse reactions or changes to business, customer or employee relationships as a result of the Transactions ; and changes in estimates of non -recurring charges related to the Transactions ; the impact of market interest rates and monetary and fiscal policies of the U.S . federal government and its agencies in connection with prolonged inflationary pressures, which could have a material adverse effect on our clients, our business, our employees, and our ability to provide services to our customers ; the impact of unfavorable macroeconomic conditions or downturns, including instability or volatility in financial markets resulting from the impact of tariffs/import fees and other trade policies and practices, any retaliatory actions, changes in energy commodity prices, related market uncertainty, or other factors ; U.S . government debt default or rating downgrade ; unanticipated loan delinquencies ; loss of collateral ; decreased service revenues ; increased business disruptions or failures ; reductions in employment ; and other potential negative effects on our business, employees or clients caused by factors outside of our control, such as new legislation and policy changes under the current U.S . presidential administration, any shutdown of the U.S . federal government, geopolitical instabilities or events, including ongoing conflicts in the Middle East, natural and other disasters, including severe weather events and other climate -related risks, health emergencies, acts of terrorism, or other external events ; the impact of any potential instability within the U.S . financial sector or future bank failures, including the possibility of a run on deposits by a coordinated deposit base, and the impact of any actual or perceived concerns regarding the soundness, or creditworthiness, of other financial institutions, including any resulting disruption within the financial markets, increased expenses, including FDIC insurance assessments, or adverse impact on our stock price, deposits or our ability to borrow or raise capital ; the impact of negative public opinion regarding Valley or banks in general that damages our reputation and adversely impacts business and revenues ; changes in the statutes, regulations, policies, enforcement priorities, or composition of the federal bank regulatory agencies ; the loss of or decrease in lower -cost funding sources within our deposit base ; investigations, damage verdicts, settlements or restrictions related to existing or potential class action litigation or individual litigation arising from claims of violations of laws or regulations, contractual claims, breach of fiduciary responsibility, negligence, fraud, environmental laws, patent, trademark or other intellectual property infringement, misappropriation or other violation, employment -related claims, and other matters ; a prolonged downturn and contraction in the economy, as well as any decline in commercial real estate values collateralizing a significant portion of our loan portfolio ; higher or lower than expected income tax expense or tax rates, including increases or decreases resulting from changes in uncertain tax position liabilities, tax laws, regulations, and case law ; the inability to grow customer deposits to keep pace with the level of loan growth ; a material change in our allowance for credit losses due to forecasted economic conditions and/or unexpected credit deterioration in our loan and investment portfolios ; the need to supplement debt or equity capital to maintain or exceed internal capital thresholds ; changes in our business, strategy, market conditions or other factors that may negatively impact the estimated fair value of our goodwill and other intangible assets and result in future impairment charges ; greater than expected technology -related costs due to, among other factors, prolonged or failed implementations, additional project staffing and obsolescence caused by continuous and rapid market innovations ; increased competitive challenges and competitive pressure on pricing of our products and services ; our ability to stay current with rapid technological changes and evolving legal and regulatory requirements in the financial services industry, including developments relating to the use of artificial intelligence, blockchain, and related regulatory developments, as well as our ability to effectively assess and monitor the effects of, and risks associated with, the implementation and use of such technology ; cyberattacks, ransomware attacks, computer viruses, malware or other cybersecurity incidents that may breach the security of our or our third -party service providers’ websites or other systems or networks to obtain unauthorized access to personal, confidential, proprietary or sensitive information, destroy data, disable or degrade service, or sabotage our systems or networks, and the increasing sophistication of such attacks and use of targeted tactics against the financial services industry ; any disruption of our systems and network, or those of our third -party service providers, resulting from events that are wholly or partially beyond our control, including, for example, electrical, telecommunications, or other major service outages, or actions by employees, which may give rise to financial loss or liability ; results of examinations by the Office of the Comptroller of the Currency (OCC), the Federal Reserve Bank, the Consumer Financial Protection Bureau and other regulatory authorities, including the possibility that any such regulatory authority may, among other things, require us to increase our allowance for credit losses, write -down assets, reimburse customers, change the way we do business, or limit or eliminate certain other banking activities ; application of heightened regulatory standards for certain large insured national banks, and the expenses we will incur to develop policies, programs, and systems that comply with the enhanced standards applicable to us ; our inability or determination not to pay dividends at current levels, or at all, because of inadequate earnings, regulatory restrictions or limitations, changes in our capital requirements, or a decision to increase capital by retaining more earnings ; unanticipated loan delinquencies, loss of collateral, decreased service revenues, and other potential negative effects on our business caused by severe weather and other climate -related risks, pandemics or other public health crises, acts of terrorism or other external events ; our ability to successfully execute our business plan and strategic initiatives ; and unexpected significant declines in the loan portfolio due to the lack of economic expansion, increased competition, large prepayments, risk mitigation strategies, changes in regulatory lending guidance or other factors . A detailed discussion of factors that could affect our results is included in our SEC filings, including Item 1A. “Risk Factors” of our Annual Report on Form 10- K for the year ended December 31, 2025 . We undertake no duty to update any forward -looking statement to conform the statement to actual results or changes in our expectations, except as required by law . Although we believe that the expectations reflected in the forward -looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements .

3Q 2026 Financial Highlights 3Q26 2Q26 3Q25 3Q26 2Q26 3Q25 Net Income ($mm) $206.3 $170.9 $163.4 $206.4 $172.8 $164.1 Return on Average Assets Annualized 1.24% 1.04% 1.04% 1.24% 1.05% 1.04% Annualized ROATCE 2 14.2% 11.9% 12.1% 14.2% 12.1% 12.1% Efficiency Ratio (Non -GAAP) -- -- -- 49.4% 52.1% 53.4% Diluted Earnings Per Share $0.36 $0.29 $0.28 $0.36 $0.30 $0.28 Pre -Provision Net Revenue 3 ($mm) $274.2 $249.6 $229.1 $294.1 $268.5 $238.3 PPNR / Average Assets 3 Annualized 1.65% 1.52% 1.45% 1.77% 1.64% 1.51% GAAP Reported Non -GAAP Adjusted 1 1 Please refer to the Non -GAAP Disclosure Reconciliation in Appendix. 2 Return on average tangible common equity (“ROATCE”) is a Non -GAAP metric reconciled in Appendix using both GAAP Reported and Non -GAAP Adjusted Net Income to Common Shareholders. 3 Pre-provision net revenue (“PPNR”) equals net interest income plus total non - interest income less total non -interest expense. ▪ Continued core deposit momentum and disciplined loan growth in strategic focus areas. ▪ Net interest income growth reflecting net interest margin expansion and consistent earning asset growth. ▪ Strong and diverse fee income growth coupled with quarter -over -quarter expense reduction supporting sub -50% efficiency ratio. 3 Source- Earnings Release in Workiva

9.29% 10.82% 10.99% 10.91% 10.71% 10.71% 12/31/23 12/31/24 12/31/25 3/31/26 6/30/26 9/30/26 Strong Balance Sheet Metrics 4 ACL / Loans 0.93% 1.17% 1.19% 1.18% 1.16% 1.13% 12/31/23 12/31/24 12/31/25 3/31/26 6/30/26 9/30/26 Loans / Deposits CET 1 / RWA 1 Regulatory CRE is defined in accordance with joint regulatory guidance and differs from the CRE loan portfolio classification s presented elsewhere in this presentation. Regulatory CRE includes regulatory call codes 1.a (Construction), 1.d (Other Non -farm Non -residential, excluding Owner -Occupied) and CRE loans not secured by real estate and Regulatory CRE loans held for sale. CRE / TRBC 1 474% 362% 333% 329% 317% 312% 12/31/23 12/31/24 12/31/25 3/31/26 6/30/26 9/30/26 CRE Concentration - 5 Quarter Trend_2Q26 Source- Earnings Release in Workiva Source- Earnings Release in Workiva Source- Earnings Release in Workiva 102.0% 97.5% 96.1% 96.2% 96.9% 96.3% 12/31/23 12/31/24 12/31/25 3/31/26 6/30/26 9/30/26

Profitability Metrics Continued to Improve 5 Net Interest Margin (FTE, %) 1 PPNR / Avg. Assets (%) 2 Return on Avg. Assets (%) 2 Return on Avg. Tangible Common Equity (%) 2 2.96% 2.85% 3.05% 3.17% 3.20% 3.28% FY2023 FY 2024 FY 2025 1Q26 2Q26 3Q26 1.19% 1.21% 1.41% 1.44% 1.52% 1.65% 1.34% 1.26% 1.48% 1.58% 1.64% 1.77% FY 2023 FY 2024 FY 2025 1Q26 2Q26 3Q26 Reported Adjusted 0.82% 0.55% 0.94% 1.02% 1.04% 1.24% 0.91% 0.61% 0.96% 1.05% 1.05% 1.24% FY 2023 FY 2024 FY 2025 1Q26 2Q26 3Q26 Reported Adjusted Source- Earnings Release in Workiva Source- Earnings Release in Workiva Source- Earnings Release in Workiva Source- Earnings Release in Workiva 1 Net interest margin is presented on a tax equivalent basis using a 21 percent federal tax rate. 2 Please refer to the Non -GAAP Disclosure Reconciliation in Appendix. 11.6% 7.4% 10.9% 11.6% 11.9% 14.2% 12.9% 8.2% 11.1% 11.9% 12.1% 14.2% FY 2023 FY 2024 FY 2025 1Q26 2Q26 3Q26 Reported Adjusted

Strategic Transformation Journey 6 1 Please refer to the Non -GAAP Disclosure Reconciliation in Appendix. 2 Preliminary 2028 exit targets inclusive of the pending acquisitions of Providence and Bluevine . CRE Concentration - 5 Quarter Trend_2Q26 Source- Earnings Release in Workiva Source- Earnings Release in Workiva Source- Earnings Release in Workiva Foundation & Growth Disruption & Re -Calibration Performance Optimization Intermediate Financial Targets 24Q17 4Q22 4Q23 3Q26 Total Assets ($bn) $24 $57 $61 $67 -- Loans / Deposits 101% 99% 102% 96% 90% CRE / TRBC 377% 453% 474% 312% <300% CET1 / RWA 9.2% 9.0% 9.3% 10.7% 10.5% - 11.0% Efficiency Ratio 1 57% 49% 61% 49% Mid-40% ROAA 0.44% 1.25% 0.47% 1.24% -- ROATCE 1 6% 18% 7% 14% High Teens Net Income to Common, annualized $92mm $696mm $270mm $796mm -- Valley’s strategic evolution has been marked by strong growth, external disruption, balance sheet de -risking, and continued performance optimization towards industry -leading financial targets.

65 144 12/31/17 9/30/26 Commercial 69%75% 59%49% 127%124% VLYPeer Median Cumulative Dividends Post-2017 Reported TBV Growth Post-2017 +121% Shareholder Value Creation vs. Peers 1 Deposit Accounts (000s) Commercial Loan Diversity by Geography 3 Enhanced Funding Diversity by Geography 21% 51% 79% 49% 12/31/17 9/30/26 FL & Other NY & NJ 22% 55% 78% 45% 12/31/17 9/30/26 Northeast Branches Southeast Branches, Specialty & Other 440 545 12/31/17 9/30/26 Consumer +24% Driving Long -Term Value 1 VLY Reported Tangible Book Value (“TBV”) growth measured from 12/31/17 to 6 /30 /26. Peer Median Reported TBV Growth measured from 12/31/17 to 6/30/26. Cumulative dividends reflect dividends declared between 12/31/17 and 6/30/26 for VLY and peers. Peers include major exchange traded ban ks and thrifts with assets from $30 billion to $150 billion as of 6/30/26. 2 Please refer to the Non -GAAP Reconciliation in the Appendix. 3 Commercial loans include C&I and Commercial Real Estate, including Construction. Source: S&P Capital IQ Pro and company data. 7 Source- “TBV Support 2Q26” Source- “Summary_HC” Source- TL Deposit Tie Out Source- “Existing Accounts 06-2026” 2

▪ Grow Core Deposits ▪ Accelerate consumer, small business, and business banking sales efforts to create a high -quality funding engine. ▪ Continue to utilize treasury management capabilities to further penetrate commercial deposit opportunities. ▪ Leverage existing specialty niches and explore new capabilities (e.g., Partner Banking). ▪ Contemplate geographic expansion in targeted growth markets and in contiguous markets experiencing M&A disruption. ▪ Generate Diverse Loan Growth ▪ Continue to attract experienced and sophisticated commercial talent in both existing and compelling new markets. ▪ Leverage branding efforts to improve sales effectiveness and realize the benefits of ongoing service model enhancements. ▪ Utilize our robust product set to enhance C&I customer acquisition and further penetrate existing relationships. ▪ Identify incremental commercial specialty verticals which align with our risk appetite. ▪ Drive Sustainable Fee Revenue ▪ Further expand the utilization of our enhanced treasury management product and service set. ▪ Increase capital markets activity from syndication, F/X, and swap perspective. ▪ Improve the integration of our wealth offerings with commercial sales efforts. Our Strategic Focus Remains Consistent, Supported by Evolving Initiatives Strategic Growth Imperatives for 2026 8

• $200mm of committed capital; $80mm deployed • Embedded in Silicon Valley startup economy • Leverage portfolio company solutions • Implementation into Valley’s AI initiatives • ~2,000 Tech Banking clients • Differentiated depth of venture capital and startup relationships • Leverage client’s products where potential synergies are identified • Implementation into Valley’s AI initiatives • Valley’s largest shareholder with two active Board seats • Regularly share ideas and developments around tech & AI topics • Direct access to Israeli Tech start -up and VC communities Tech Banking Bank Leumi Israel Valley’s unique connectivity to the start -up & AI ecosystem enable our adoption of technologies designed to enhance efficiency and reduce customer friction. 9 Valley’s Technology Ecosystem Internal AI & Data Science Teams Define Valley’s AI roadmap; source, evaluate and implement AI use cases The Valley Foundry Bridges external innovation and internal execution to rapidly test, scale, and deliver impactful solutions Valley Ventures

Metric Gross Loans 2026 Outlook Update 1 Please refer to the Non -GAAP Disclosure Reconciliation in Appendix. 2 Excludes tax credit amortization and other non -operating expenses. The Company is providing this outlook only on a non -GAAP basis because not all of the information necessary for a quantitative reconciliation of forward -looking non -GAAP financial measures to the most directly comparable GAAP financial measure is available without unreasonable effort, primarily due to uncertainties rela ting to the occurrence or amount of these adjustments that may arise in the future. Based on past reported results, any such excluded items could be material, individually or in the aggregate, to the r epo rted results. 10 Total Deposits CET1 / RWA Net Interest Income Non -Interest Income (Adj.) 1 Non -Interest Expense (Adj.) 1, 2 Net Charge -Offs / Avg. Loans Provision for Loan Losses Effective Tax Rate 2026 Expectation as of 12/31/25 4% - 6% Growth 5% - 7% Growth 10.5% - 11.0% 11% - 13% Growth 6% - 9% Growth 3.0% - 4.5% Growth 0.15% - 0.20% $95mm - $115mm 23% - 24% 9/30/26 Update Above High End of Range At or Above High End of Range Middle of Range High End of Range At or Above High End of Range High End of Range High End of Range No Change, Growth Dependent ~20% for the Year

5,605 199 (61) (35) (118) 5,590 6/30/2026 3Q26 Earnings 3Q26 Dividends 3Q26 Buybacks OCI / Other 9/30/2026 Tangible Common Equity1 ($mm's) 10.71% 0.37% (0.11%) (0.07%) (0.21%) 0.02% 10.71% 6/30/2026 3Q26 Earnings 3Q26 Dividends 3Q26 Buybacks 3Q26 RWA Growth Other 9/30/2026 CET1 / RWA 11 Capital Returns to Shareholders $96mm returned to shareholders during 3Q26 ($291mm YTD) 49% (18bp) of organically generated regulatory capital returned to shareholders during 3Q26 (57bps YTD) ▪ CET1 / RWA at the midpoint of our 10.5% - 11.0% target range as of 9/30/26. ▪ Improving profitability has resulted in regulatory capital growth sufficient to fund organic loan growth, support announced acquisitions, and prudently return capital to shareholders. 1 Please refer to the Non -GAAP Disclosure Reconciliation in Appendix. Sums may not total due to rounding. Support- 3Q26 TCE Waterfall Support- 3Q26 CET1 Waterfall Support

Continued Direct Deposit Growth 27.2 28.7 29.4 11.7 12.5 12.4 12.3 12.9 13.4 $51.2 $54.1 $55.2 9/30/2025 6/30/2026 9/30/2026 Time Non-Interest Savings, NOW and money market 24% 23% 53% 23% 53% 23% 24% 2.67% 2.69% 2.45% 2.27% 2.28% 2.33% 4.50% 4.46% 4.02% 3.75% 3.75% 3.79% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Total Cost of Deposits Average Fed Funds (Upper) Deposits by Product ($bn) 24% 53% Avg. Fed Funds vs. Deposit Costs (%) Cumulative Beta (Current Cycle) 1Deposits by Customer Type ($bn) 1 Cumulative Beta is measured as the change in Valley’s quarterly average deposit cost as a percentage of the change in the ave rage quarterly Fed Funds Upper Bound over the identified period. Sums may not total due to rounding. 12 58% 49% Rate Increase Cycle (4Q21-2Q24) Since 2Q24 EFFR Peak Source- Earnings Release in Workiva Source- Earnings Release in Workiva Brokered Deposits_2Q26 2Q26 Beta Support Calculation made using data from Workiva Calculation also shown in 2Q26 Beta Support 45.3 48.8 49.9 5.8 5.3 5.3 $51.2 $54.1 $55.2 9/30/2025 6/30/2026 9/30/2026 Direct Indirect 89% 90% 10%11% 90% 10%

Traditional Deposits $35.9 65% Specialized Deposits $14.0 25% Fully FDIC -Insured Indirect Customer $5.3 10% $55.2bn New Jersey $17.6 New York $7.1 Florida & Alabama $9.4 Other $1.8 $3 5.9 bn Total Deposit Breakdown ($bn) Traditional Deposits 1 ($bn) Uninsured Deposits & Liquidity ($bn) $15.7 $1.1 $24.8 $26.0 Adjusted Uninsured Deposits Cash & Available Liquidity Cash on Balance Sheet High Quality Available Liquidity 3 Cash & Available Liquidity Stands at 1.7x Adjusted Uninsured Deposits Adjusted Uninsured Deposits 2 28 % of deposits Nat'l Deposits, Cannabis & Online $4.6 International Corporate $1.3 Technology $2.9 Private Banking & Wealth $1.8 Association Banking $1.6 Healthcare & Other $1.8 $14.0bn Specialized Deposits by Business Line ($bn) 1 Traditional Deposits are primarily comprised of Consumer, Commercial, and Government Deposits serviced in Valley’s branch net wor k. 2 Estimate d Uninsured Deposits adjusted for collateralized government deposits in excess of FDIC $250k limit and intercompany deposits eliminated in consoli dat ion . 3 “High Quality Available Liquidity” includes the following off -balance sheet sources of potential liquidity: FHLB, unencumbered investment securities, FRBNY Discoun t Window Availability, and Uncommitted Fed Funds Lines. Sums may not total due to rounding. All data as of 9/30/26. 13 Diversified Deposit Base Uninsured data comes from managed funding report, and cash on balance sheet comes from Workiva ER Deposit Charts Source- TL Deposit Tie Out

Core Deposit Growth & Diversification 12/31/17 9/30/26 Expectations for 2026 & Beyond • $18bn Total Deposits • 78% in Northeast Branches • 101% Loans / Deposits • $7bn Commercial Deposits • $85mm Total Deposits / Branch • $55bn Total Deposits • 45% in Northeast Branches • 96% Loans / Deposits • $31bn Commercial Deposits • $242mm Total Deposits / Branch • Streamlined Deposit Account Opening • New Specialty Deposit Verticals: − International & Technology − Association Banking − Online Channel − Cannabis − International & U.S. Private Banking • Comprehensive Re -Brand • Enhanced Treasury Platform • Branch Modernization • New Markets / Geographies: − Westchester, NY − California − Chicago, IL − Staten Island, NY − Phoenix, AZ • Leverage specialty deposit verticals and explore new capabilities • Penetrate commercial client base with treasury offering to drive deposit growth with specific focus on operating accounts • Accelerate consumer, small business and business banking sales engine through targeted offerings and bundles across delivery channels • Assess geographic expansion in compelling markets 14

Multifamily CRE 17% Non Owner -Occupied CRE 21% Owner -Occupied CRE 15% C&I 23% Consumer 8% Residential Mortgage 11% Construction 5% CRE 38% C&I 38% Other 24% 9/30/2026 Loan Composition Loan Portfolio Detail Gross Loans ($bn) Avg. Fed Funds vs. Loan Yields (%) Cumulative Loan Beta (Current Cycle) 2 Avg. Fed Funds (Upper) Avg. Loan Yield Cumulative Beta 4Q21 0.25% 3.83% -- 4Q22 3.82% 5.20% 38% 4Q23 5.50% 6.10% 43% 1Q24 5.50% 6.14% 44% 2Q24 5.50% 6.17% 45% 3Q24 5.43% 6.28% 47% 4Q24 1 CRE includes multifamily and non -owner occupied CRE; C&I includes owner -occupied CRE and C&I; Other includes construction, resi dential mortgage and Consumer. 2 Cumulative Loan Beta is measured as the change in Valley’s quarterly yield on loans as a percentage of the change in the aver age quarterly Fed Funds Upper Bound over the identified period . Sums may not total due to rounding.15 $52.5 $53.2 $0.0 $0.3 $0.4 $0.0 6/30/26 Regulatory CRE Owner-Occ CRE C&I Res Mtg & Consumer 9/30/26 Source- “Loan Balances- 5 Quarter Trend_2Q26_FINAL” 45% 22% Rate Increase Cycle (4Q21-2Q24) Since 2Q24 EFFR Peak Source- “Loan Balances – 5 Quarter Trend_2Q26_FINAL” Regulatory CRE comes from the CRE concentration support file 5.88% 5.95% 5.84% 5.64% 5.67% 5.80% 4.50% 4.46% 4.02% 3.75% 3.75% 3.79% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Total Loan Yield Average Fed Funds (Upper) Workiva- loan yield Calculation for avg fed funds upper 2Q26 Beta Support1 1 1

New Jersey 19% New York 28% Florida 26% California 5% Illinois 4% Other 18% North - east 47% South - east & Other 53% Diverse C&I Growth Capabilities 2.2 0.4 2.7 4.3 4.8 6.9 5.8 8.8 9.2 9.9 11.0 12.3 Traditional C&I PPP ~19% C&I CAGR since 2017 Source- “Loan Balances- 5 Quarter Trend_2Q26_FINAL” Source- “Summary_HC” 16 9/30/26 C&I Industry Diversity 9/30/26 C&I Geographic Diversity C&I Loans ($bn) Finance & Insurance 22% Other Working Capital 20% Real Estate Related 12% Wholesale Trade 8% Consumer Serv. 8% Non -Profit & Condos 6% Equipment Leasing 6%Healthcare 7%Manufacturing 5% Hospitality, Food Serv. 3% Professional Services 3% $12.3bn Source- “Commercial Portfolio by Industry- 3.31.26” Sums may not total due to rounding.

• $18bn Total Loans • $2.7bn C&I loans • 79% of Commercial Loans 1 in Northeast • C&I / Owner -Occ 24% of Loans • $53bn Total Loans • $12.3bn C&I loans • 49% of Commercial Loans 1 in New York and New Jersey • C&I / Owner -Occ 38% of Loans Focused C&I Initiatives Supporting Growth • Capital Call Lines & Fund Finance • Syndications Group Providing Up -Market Opportunities • Asset -Based Lending • Equipment Finance • Healthcare (Owner -Occupied and C&I) • Chicago Middle Market • California Commercial Lending • Focusing new CRE Originations on Tier 1 Clients With Holistic Banking Relationship 12/31/17 9/30/26 Expectations for 2026 & Beyond • Continue to recruit experienced and sophisticated commercial talent in both existing and compelling new markets • Leverage new commercial banking team to capitalize on Phoenix opportunities • Expand penetration of existing product and service offerings including: Treasury Management, Syndications and Other Capital Markets Offerings • Continue to assess additional C&I verticals • Amplify re -branding efforts and service model enhancements to improve customer acquisition 17 1 Commercial loans include C&I and Commercial Real Estate, including Construction.

Net Interest Income ($mm) and Margin 1 $447 $466 $473 $488 $507 3.05% 3.17% 3.17% 3.20% 3.28% 3Q25 4Q25 1Q26 2Q26 3Q26 Net Interest Income ($mm) NIM $4.6 $5.0 $2.1 $1.1 $2.5 3.71% 3.97% 4.05% 3.91% 4.08% 4Q26 1Q27 2Q27 3Q27 Beyond Maturing CDs and FHLB Borrowings Balance ($bn) Weighted Avg. Rate (%) Net Interest Income and Margin 1 Net interest income and NIM are presented on a tax equivalent basis using a 21 percent federal tax rate. 18 Workiva “CD Runoff_0630 $0.9 $2.0 $2.2 $2.2 $12.0 4.47% 4.99% 5.14% 5.03% 4.94% 2026 2027 2028 2029 Beyond Maturing Fixed Rate Loans Balance ($bn) Weighted Avg. Rate (%) “Loan Reset 0630_CAL&Highlighted Updated

All Other $17.6 22% Wealth, Trust & Insurance $25.2 32% Capital Markets $10.0 13% Deposit Service Charges $19.2 24% BOLI $3.7 5% Loan Servicing $3.1 4% $78.7mm Non -Interest Income 19 Strong & Stable Non -Interest Income Streams ($mm) $73.7 $75.6 ($0.5 ) ($2.9 ) ($2.2 ) $3.8 $0.4 $3.4 2Q26 Gain on Sale of Loans Capital Markets BOLI Wealth, Trust & Insurance Deposit Service Charges All Other 3Q26 Workiva Workiva 3Q26 Non -Interest Income ($mm) $83 $274 $21 $8 $103 $282 FY2017 Adjusted YTD 3Q26 Annualized Non Interest Income (ex. Gain on Sale of Loans) Gain on Sale of Loans CAGR ex. Gain on Sale of Loans: +16% 1 Reported Non -Interest Income and Adjusted Non -Interest Income were materially the same in 2Q26 . 2 Peers include major exchange traded banks and thrifts with assets from $30 billion to $150 billion as of 6/30/26. “Fee Income CAGR Support” Reported CAGR: +13% Peer 2 Median CAGR: +6% Non -Interest Income ($mm) 1 Non -Interest Income ($ mm) 1 $78.7 Adjusted Reported 1

Drivers of Fee Income Momentum 20 Workiva Workiva • Continue to focus on sustainable fee income by offering a valuable and robust product suite to our commercial clients • Organically leverage existing opportunities in capital markets, insurance, and treasury management • Improve the integration of our wealth offerings with our commercial sales efforts FY 2017 9/30/26 Expectations for 2026 & Beyond • Shift from Lower Value and Irregular Revenue from Gain on Sale to Higher -Quality and Sustainable Revenue Streams • Enhanced Treasury Management Platform • F/X Platform • Syndications Group • Leveraged Insurance Platform • Additional Interest Rate and Cross -Currency Swap Capabilities • Broker / Dealer fees • Acquisition of Private Banking Business from BLUSA • Entered Tax Credit Advisory Business • Annualized $282mm of Adjusted Non -Interest Income (13% CAGR) • Annualized $8mm Gain on Traditional Loan Sales • Gain on Sale Comprises 3% of Non -Interest Income • $103mm of Non -Interest Income • $21mm Gain on Traditional Loan Sales • Gain on Sale Comprises 20% of Non -Interest Income

Adjusted Non -Interest Expenses 1 ($mm) • Lower professional and legal fees reflecting reduced business transformation spend. • Continue to optimize resource and headcount allocation to most value -add areas. • Continuing to utilize technology and AI tools to drive positive operating leverage. Non -Interest Expenses 1 Please refer to the Non -GAAP Disclosure Reconciliation in Appendix. 2 Peers include major exchange traded banks and thrifts with assets from $30 billion to $150 billion as of 6/30/26. Sums may no t total due to rounding. 21 Workiva Workiva 1.73% 1.78% 1.73% 2.16% 2.19% 3Q25 2Q26 3Q26 VLY Peer Median Adj. Ann. Non -Interest Expenses 1 / Avg. Assets Efficiency Ratio Trend 1 53.4% 52.1% 49.4% 3Q25 2Q26 3Q26 2 Workiva $273 $292 $287 $282 $311 $310 3Q25 2Q26 3Q26 Reported Adjusted

Non -Accrual Loans / Total Loans 0.99 % 1.03 % Accruing Past Due Loans / Total Loans Asset Quality & Reserve Trends 22 ACL / Total Loans 0.86% 0.87% 0.85% 0.88% 0.96% 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 0.17% 0.28% 0.25% 0.34% 0.29% 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 30-59 PD 60-89 PD 90+ PD 1.21% 1.19% 1.18% 1.16% 1.13% 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 15 23 18 22 37 19 20 21 29 31 9/30/25 12/31/25 3/31/26 6/30/26 9/30/26 Net Charge-Offs Loan Loss Provision Loan Loss Provision & Net Charge -Offs ($mm) Workiva Workiva Workiva / KEITH Chargeoff's and Recoveries - 5 Quarter Trend_Draft_2Q26_Final Workiva / KEITH 5-Quarter Trend (2Q26)_Final

23 Criticized and Classified Loan Trend Criticized and Classified loans declined by $70mm, or about 2%, during the quarter. Criticized and Classified loans declined roughly $500 million, or 12%, relative to 3Q25. Reductions continue to reflect improving fundamental trends within our commercial real estate portfolio. Quarterly improvement due to a combination of upgrades and payoffs. $3.7 $3.6 $3.3 $3.3 $3.1 $3.0 $0.7 $0.7 $0.6 $0.7 $0.7 $0.7 $0.1 $0.1 $0.1 $0.1 $0.1 $0.1 9.0% 8.8% 8.0% 8.1% 7.3% 7.1% 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 Criticized & Classified Loans ($bn) CRE C&I Consumer/Resi As a % of Total Loans $4.1$4.0 $4.3 $3.8 $4.4 “Cited Asset Analysis summary- 06.30.2026” $3.8 1 CRE includes Owner Occupied, Non -Owner Occupied, Multifamily and Construction 1

$9.57 $9.85 $9.94 $10.13 $10.15 $13.09 $13.39 $13.48 $13.67 $13.70 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 TBV per share Book Value per share Book Value and Tangible Book Value per Share 1 Equity Capitalization Level 1 8.79% 8.82% 8.82% 8.71% 8.53% 12.21% 12.17% 12.14% 11.94% 11.70% 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 Tangible Common Equity / Tangible Assets Equity / Assets Holding Company Capital Ratios 9/30/25 6/30/26 9/30/26 Q -o-Q change Y -o-Y change Tier 1 Leverage 9.52% 9.49% 9.54% 5 bps 2 bps Common Equity Tier 1 11.00% 10.71% 10.71% 0 bps -29 bps Tier 1 Risk -Based 11.72% 11.37% 11.36% -1 bps -36 bps Total Risk -Based 13.83% 13.77% 13.70% -7 bps -13 bps 1 Equity & Capitalization 1 Please refer to the Non -GAAP Disclosure Reconciliation in Appendix. 24 Workiva Workiva Workiva 1

APPENDIX

Term Definition ACL AFS Allowance for credit losses Available for sale BLUSA Bank Leumi Le -Israel Corporation acquired by Valley on April 1, 2022 BOLI Bank owned life insurance C&I Commercial & industrial CAGR Compound annual growth rate CECL Current expected credit loss model CET 1 Tier 1 common capital CRE DFAST Commercial real estate Dodd -Frank Act Stress Tests DSCR EFFR FHLB Debt service coverage ratio Effective Federal Funds Rate Federal Home Loan Banks F/X Foreign exchange FDIC Federal Deposit Insurance Corporation FL FRB FRBNY Florida Federal Reserve Bank Federal Reserve Bank of New York FTE Fully Tax Equivalent using a 21 percent federal tax rate GAAP U.S. Generally Accepted Accounting Principles HFS HHI Held for Sale Household income HOA HTM Homeowners Association Held to maturity LIBOR London Interbank Offered Rate LTV Loan to value MSA Metropolitan statistical area NAICS North American Industry Classification System per the United States Census Bureau Term Definition NCOs Net charge -offs NDF Non -deliverable forward NIM NJ NY OTC PD Net Interest Margin New Jersey New York Over the counter Probability of Default PPNR ROAA ROATCE RWA Pre -Provision Net Revenue Return on average assets Return on Average Tangible Common Equity as defined in the Non -GAAP Disclosure Reconciliation in Appendix Risk -weighted assets PPP Paycheck Protection Program S&P Standard & Poor's SF Square footage SOFR Secured Overnight Financing Rate TA Tangible assets as defined in the non -GAAP disclosure reconciliation in the appendix TBV Tangible Book Value TCE Tangible common equity as defined in the non -GAAP disclosure reconciliation in the appendix TRBC Total risk -based capital Valley May refer to Valley National Bancorp individually, Valley National Bancorp and its consolidated subsidiaries, or certain of Valley National Bancorp’s subsidiaries, as the context requires (interchangeable with the “Company,” “we,” “our” and “us”). VC Venture capital VLY Refers to Valley as defined in this glossary Glossary of Defined Terms 26

Valley’s AI Strategy Focused Deployment Supported by Expected Economic Return and Appropriate Governance Structure GUIDING PRINCIPLES Focus on Measurable Value Responsible & Ethical AI ▪ Targeting associate productivity, risk mitigation, and scalable growth. ▪ ROI -focus on cost discipline and enhancing the client experience to support future growth. ▪ Opportunity to accelerate positive operating leverage to enhance profitability. ▪ Centralized governance framework emphasizing model risk management and data security. ▪ Prioritizing the protection of our clients, associates, and institution. APPROACH Technology Enablement Preparing our Associates ▪ Our AI adoption leverages prior investments in core infrastructure, data governance, and tech talent. ▪ Associates have access to role -appropriate AI tools supported by an established AI leadership team reporting to our Head of Data & Analytics. ▪ Combination of build and buy approach, augmented by Valley’s relationship with the broader technology ecosystem. ▪ Equipping associates with the skills, tools, and mindset to thrive in an AI -powered world. 27

Examples of Valley -Specific AI Use Cases 28 AI Knowledge Assistants Generative AI supporting Customer Care agents’ access to approved policies and procedures AML / Fraud Alert Actioning Machine -learning models segment risk, identify wire fraud, and reduce false positives to improve the speed and consistency of AML alert review Voice AI – Auto Loan Payment Reminders & Collections Autonomous outbound voice agent conducts customer conversations for auto loan payment reminders and collection activities Sales Effectiveness & Customer -360 AI-driven lead targeting and consolidated customer insights to enable more effective banker conversations with clients and prospects Agentic AI for Credit Underwriting & Loan Servicing Agentic AI automates elements of underwriting process and workflow orchestration to reduce manual steps for faster loan origination. improved client experience, and more efficient servicing

AI Journey & Priority Focus Areas 2023 – 2025 Foundational Initiatives 2025 - 2027 AI Portfolio Execution 2028 & Beyond AI -Driven Banking Establishing a Strong Foundation & Driving Associate Productivity • Enterprise Data Hub with robust data pipelines • Cloud -native environment • Transition from exploratory AI working group to well -staffed AI team • AI governance framework • AI development platforms • AI-enabled productivity tools Cross -Channel AI Experiences & Re -Imagining End -to -End Workflows • High -value use cases for operational efficiency & risk mitigation (reducing manual processes) • First customer -facing AI - enabled applications • Exploration of internally -built applications • Personalized client experiences Operating as an AI -Native Organization • AI-native core workflows with human oversight • Hyper -personalized customer experiences • Larger footprint of internally - built applications 29

Apartment & Residential 32% Retail 15% Mixed Use 5% Office 9% Healthcare Office 2% Industrial 11% Healthcare 15% Specialty & Other 11% CRE Detail as of 9/30/26 Portfolio by Property Type Portfolio by Geography Florida 28% New Jersey 19% Other 22% Other NYC Boroughs 15% Manhattan (Multifamily) 6% Manhattan (Other) 3% New York (ex. NYC) 7% $28.0bn $28.0bn 1 LTV based on most recent appraisal, seasoned on average 2.5 years; 2 DSCR calculated based on most recent financial information, typically received at least annually. Sums may not total due to rounding. CRE is comprised of non -owner occupied, owner -occupied and multifamily loans. 30 Source- “CRE Portfolio Review 9.30.2026” Co-op info comes directly from Joe Tam via email Geography $bn Wtd . Avg. LTV 1 Wtd . Avg. DSCR 2 Florida / Alabama $7.7 60% 1.80x New Jersey $5.2 62% 1.58x Other NYC Boroughs $4.2 57% 1.42x Manhattan $2.5 41% (60% ex Co -Ops) 1.50x New York (ex. NYC) $2.0 55% 1.82x Other $6.2 65% 1.64x Total $28.0 59% 1.64x Property Type $bn Wtd . Avg. LTV 1 Wtd . Avg. DSCR 2 Apartment & Resi $7.3 64% 1.36x Retail $4.2 61% 1.69x Industrial $3.0 60% 2.08x Healthcare $4.2 69% 1.64x Office $3.0 63% 1.79x Specialty & Other $2.9 55% 1.78x Mixed Use $1.5 62% 1.47x Co -Ops $1.8 12% 1.58x Total $28.0 59% 1.64x

0% of units 46% 1% - 20% of units 7%21% - 50% of units 30% 51% - 99% of units 6% 100% of units 11% Co -Op $1.8 Non Co -Op $7.3 Multifamily Portfolio by Sub -Asset Class ($bn) Non Co -Op Multifamily by Geography ($bn) $9.0bn Geography Outstanding ($bn) Avg. Size ($mm) Wtd . Avg. LTV 1 Wtd . Avg. DSCR 2 New York (ex. Manhattan) $2.2 $7.1mm 66% 1.29x Other $1.5 $8.8mm 64% 1.37x New Jersey $1.5 $4.1mm 62% 1.42x Florida & Alabama $1.2 $4.0mm 60% 1.45x Manhattan $0.8 $8.9mm 62% 1.28x Total $7.3bn $6.6mm 64% 1.36x Florida & Alabama 16% New Jersey 21% Other 21%New York (ex. Manhattan) 32% Manhattan 10% $7.3bn New York City by % Rent Regulated Units $3.1bn Multifamily Portfolio Detail 1 LTV based on most recent appraisal, seasoned on average 2.5 years; 2 DSCR calculated based on most recent financial information, typically received at least annually. Note: Co -Op LTV is approximately 12%. Sums may not total due to rounding. 31 Source- “CRE Portfolio Review 9.30.2026” 1

Granular & Diverse Office Portfolio Multi Tenant w/ Anchor $0.1 4% Multi Tenant $1.7 55% Single Tenant $0.9 29% Healthcare Office $0.4 12% Office Portfolio by Tenancy $3.0bn Office Portfolio by Geography ($bn) ~25% of Office Portfolio is Owner -Occupied. Florida & Alabama $1.1 36% New Jersey $0.8 27% Other $0.4 13% New York (ex. Manhattan) $0.5 17% Manhattan $0.2 7% 1 LTV based on most recent appraisal, seasoned on average 2.5 years; 2 DSCR calculated based on most recent financial information, typically received at least annually. Sums may not total due to rounding. 32 $3.0bn Source- “CRE Portfolio Review 9.30.2026” Geography Outstanding ($bn) Avg. Size ($mm) Wtd . Avg. LTV 1 Wtd . Avg. DSCR 2 Florida & Alabama $1.1 $1.8mm 58% 1.88x New Jersey $0.8 $2.6mm 65% 1.46x New York (ex. Manhattan) $0.5 $3.9mm 58% 1.70x Manhattan $0.2 $5.9mm 73% 1.64x Other $0.4 $7.1mm 73% 2.37x Total $3.0bn $3.3mm 63% 1.79x

Commercial Real Estate by Contractual Maturity ($mm) 1,857 838 587 522 914 3,755 3,904 3,078 3,391 2,003 7,094 4Q26 1Q27 2Q27 3Q27 4Q27 2028 2029 2030 2031 2032 2033 + Wtd . Avg. 4Q26 1Q27 2Q27 3Q27 4Q27 2028 2029 2030 2031 2032 2033 + LTV 2 61% 63% 64% 54% 60% 63% 64% 54% 55% 46% 59% DSCR 3 1.36x 1.53x 1.49x 1.46x 2.08x 1.63x 1.56x 1.69x 1.67x 1.67x 1.72x Borrower Contractual Rate 5.57% 4.86% 5.33% 5.72% 6.08% 5.92% 5.60% 5.68% 5.47% 4.68% 5.71% 1 Two loans totaling $4.2mm were modified; 2 LTV based on most recent appraisal, seasoned on average 2.5 years; 3 DSCR calculated based on most recent financial information, typically received at least annually. Current period includes short -term roll -overs from prior periods. Sums may no t total due to rounding. 33 Outcome for Maturing CRE Loans in 3Q26 $mm Retained $1,242mm Paid Off & Left $162mm Modified & Other 1 $4mm Total $1,408mm CRE Maturity Details 9.30.26 & CRE Maturity Outcomes 9.30.26

$3,574 $3,532 $3,545 $3,531 $3,541 $3,496 $3,620 $3,757 $3,727 $2,602 $3,370 $3,659 $3,896 $4,117 $4,202 $4,157 $4,292 $4,230 $77 $72 $74 $77 $78 $83 $84 $115 $119 3.77% 3.84% 3.95% 3.98% 4.02% 4.07% 4.09% 4.17% 4.14% 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 HTM AFS Equity & Trading Yield 12.3 % $ 7,861 $ 8,164 12.0% Securities Portfolio Detail ($mm) Securities as % of Total Assets Historical data from S&P Capital IQ, Current data from Workiva $ 6,253 $ 6,973 $ 7,278 $ 7,505 $ 7,736 $ 7,781 10.1 % 11.2 % 11.8 % 12.0 % 12.3 % 12.1 % 12.2 % 34 $8,076

September 30, June 30, March 31, September 30, December 31, December 31, December 31, December 31, December 31, December 31, ($ in thousands, except for share data) 2026 2026 2026 2025 2023 2022 2017 2025 2024 2023 Adjusted net income available to common shareholders (Non-GAAP): Net income, as reported (GAAP) $206,300 $170,885 $163,913 $163,355 $71,554 $177,591 $26,098 $597,983 $380,271 $498,511 Add: Merger related expenses (a) 3,094 — — — 10,000 5,285 1,073 — — 14,133 Add: Restructuring charge (b) — 2,513 5,689 3,854 (538) — — 5,284 2,039 9,969 Add: Litigation reserve (c) — 230 1,262 1,012 3,540 — — 773 — 3,540 Add: Loss on extinguishment of debt — — — — — — — 922 — — Less: Litigation settlements (d) (3,051) — — — — — — — (7,334) — Less: (Gains) losses on available for sale and held to maturity securities transactions, net (e) (3) — 10 (28) (877) 5 — (17) 15 (401) Add: FDIC Special assessment (f) — — — (3,817) 50,297 — — (9,489) 8,757 50,297 Add: Net losses on the sale of commercial real estate loans (h) — — — — — — — — 13,660 — Add: Provision for credit losses for available for sale securities (i) — — — — — — — — — 5,000 Less: Net gains on sales of office buildings (j) — — — — — — — — — (6,721) Less: Gains on sale of commercial premium finance lending division (j) — — — — — — — — (3,629) — Less: Income Tax Benefit (k) — — — — — — — (11,417) (46,431) — Total non-GAAP adjustments to net income 40 2,743 6,961 1,021 62,422 182,881 1,073 (13,944) (32,923) 75,817 Income tax adjustments related to non-GAAP adjustments (g) 26 (782) (1,984) (288) (17,679) - 22,561 740 (3,789) (20,057) Net income, as adjusted (Non-GAAP) $206,366 $172,846 $168,890 $164,088 $116,297 182,881 $49,732 $584,779 $343,559 $554,271 Dividends on preferred stock 7,335 7,316 7,217 7,644 4,104 3,630 3,172 28,981 21,369 16,135 Net income available to common shareholders, as adjusted (Non-GAAP) $199,031 $165,530 $161,673 $156,444 $112,193 $179,251 $46,560 $555,798 $322,190 $538,136 (a) Merger related expenses primarily include professional and legal fees and insurance costs. (b) Represents severance expense related to workforce reductions within salary and employee benefits expense. (c) Represents the change in legal reserves and settlement charges included in professional and legal fees. (d) Represents recoveries from legal settlements included in other income. (e) Included in gains on securities transactions, net. (f) Represents the change in estimated special assessment losses included in the FDIC insurance assessment expense. (g) Calculated using the appropriate blended statutory rate for the applicable period. (h) Represents actual and mark to market losses on bulk performing commercial real estate loan sales included in gains (losses) on sales of loans, net. (i) Included in (credit) provision for credit losses for available for sale and held to maturity securities (tax disallowed). (j) Included in net (losses) gains on sale of assets within non-interest income. (k) Represent tax benefits from discrete tax events included in income tax expense (benefit). Adjusted per common share data (Non-GAAP): Net income available to common shareholders, as adjusted (Non-GAAP) $199,031 $165,530 $161,673 $156,444 $112,193 $179,251 $46,560 $555,798 $322,190 $538,136 Average number of shares outstanding 552,358,147 553,740,562 555,777,748 560,504,275 507,683,229 506,359,704 264,332,895 559,637,823 515,755,365 507,532,365 Basic earnings, as adjusted (Non-GAAP) $0.36 $0.30 $0.29 $0.28 $0.22 $0.35 $0.18 $0.99 $0.62 $1.06 Average number of diluted shares outstanding 556,266,986 556,958,049 559,254,972 563,636,933 509,714,526 509,301,813 265,288,067 563,832,550 517,991,801 509,245,768 Diluted earnings, as adjusted (Non-GAAP) $0.36 $0.30 $0.29 $0.28 $0.22 $0.35 $0.18 $0.99 $0.62 $1.06 Adjusted annualized return on average tangible common shareholders' equity (Non-GAAP): Net income available to common shareholders, as adjusted (non-GAAP) $199,031 $165,530 $161,673 $156,444 $112,193 $179,251 $46,560 $555,798 $322,190 $538,136 Add: Amortization of other intangible assets (net of tax), other than loan servicing rights 4,239 4,247 4,746 5,112 6,981 7,848 1,742 20,878 22,210 25,393 Net income available to common shareholders excluding intangible amortization, as adjusted (non-GAAP) $203,270 $169,777 $166,419 $161,556 $119,174 $187,099 $48,302 $576,676 $344,400 $563,529 Average shareholders' equity 7,967,868 7,901,688 7,855,550 7,616,810 6,639,906 6,327,970 2,562,326 7,581,374 6,900,204 6,558,768 Less: Average preferred shareholders equity 354,345 354,345 354,345 354,345 209,691 209,691 209,691 354,345 268,622 209,691 Less: Average goodwill (net of deferred tax liability) 1,858,851 1,858,851 1,858,851 1,859,614 1,868,936 1,868,936 690,637 1,858,851 1,859,614 1,860,899 Less: Average intangible assets (net of deferred tax liability), other than loan servicing rights 46,027 51,387 57,080 62,905 164,720 205,431 41,967 72,951 94,807 119,456 Average tangible common shareholders' equity 5,708,645 5,637,105 5,585,274 5,339,946 4,396,559 4,043,912 1,620,031 5,295,227 4,677,161 4,368,722 Annualized return on average tangible shareholders' equity, as adjusted (Non-GAAP) 14.24% 12.05% 11.92% 12.10% 10.84% 18.51% 11.93% 10.89% 7.36% 12.90% Years EndedThree Months Ended Non -GAAP Reconciliations to GAAP Financial Measures 35

Non -GAAP Reconciliations to GAAP Financial Measures 36 September 30, June 30, March 31, September 30, December 31, December 31, December 31, December 31, December 31, December 31, ($ in thousands) 2026 2026 2026 2025 2023 2022 2017 2025 2024 2023 Adjusted annualized return on average assets (Non-GAAP): Net income, as adjusted (Non-GAAP) $206,366 $172,846 $168,890 $164,088 $116,297 $182,881 $49,732 $584,779 $343,559 $554,271 Average assets $66,506,401 $65,584,823 $64,190,084 $63,046,215 $61,113,553 $56,913,215 $23,907,011 $62,484,314 $61,973,902 $61,065,897 Annualized return on average assets, as adjusted (Non-GAAP) 1.24% 1.05% 1.05% 1.04% 0.76% 1.29% 0.83% 0.94% 0.55% 0.91% Adjusted annualized return on average shareholders' equity (Non-GAAP): Net income, as adjusted (Non-GAAP) $206,366 $172,846 $168,890 $164,088 $116,297 $182,881 $49,732 $584,779 $343,559 $554,271 Average shareholders' equity 7,967,868 7,901,688 7,855,550 7,616,810 6,639,906 6,327,970 2,562,326 7,581,374 6,900,204 6,558,768 Annualized return on average shareholders' equity, as adjusted (Non-GAAP) 10.36% 8.75% 8.60% 8.62% 7.01% 11.56% 7.76% 7.71% 4.98% 8.45% Annualized return on average tangible common shareholders' equity (Non-GAAP): Net income available to common shareholders $198,965 $163,569 $156,696 $155,711 $67,450 $173,961 $22,926 $569,002 $358,902 $482,376 Add: Amortization of other intangible assets (net of tax), other than loan servicing rights 4,239 4,247 4,746 5,112 6,981 7,848 1,742 20,878 22,210 25,393 Net income available to common shareholders excluding intangible amortization, (non-GAAP) $203,204 $167,816 $161,442 $160,823 $74,431 $181,809 $24,668 $589,880 $381,112 $507,769 Average tangible common shareholders' equity (non-GAAP) 5,708,645 5,637,105 5,585,274 5,339,946 4,396,559 4,043,912 1,620,031 5,295,227 4,677,161 4,368,722 Annualized return on average tangible common shareholders' equity (Non-GAAP) 14.24% 11.91% 11.56% 12.05% 6.77% 17.98% 6.09% 11.14% 8.15% 11.62% Efficiency ratio (Non-GAAP): Non-interest expense, as reported (GAAP) $309,958 $311,123 $309,926 $281,985 $340,421 $266,240 $136,317 $1,142,126 $1,105,860 $1,162,691 Less: Loss on extinguishment of debt (pre-tax) — — — — — — — 922 — — Less: FDIC Special assessment (pre-tax) — — — (3,817) 50,297 — — (9,489) 8,757 50,297 Less: Restructuring charge (pre-tax) — 2,513 5,689 3,854 (538) — — 5,284 2,039 9,969 Less: Loss on extinguishment of debt (pre-tax) — — — — — — — — — Less: Amortization of tax credit investments (pre-tax) 19,904 16,157 16,014 8,147 4,547 3,213 20,302 41,792 18,946 18,009 Less: Litigation reserve (pre-tax) — 230 1,262 1,012 3,540 — — 773 — 3,540 Less: Merger-related expenses (pre-tax) 3,094 — — — 10,000 7,372 1,378 — — 14,133 Non-interest expense, as adjusted (Non-GAAP) $286,960 $292,223 $286,961 $272,789 $272,575 $255,655 $114,637 $1,102,844 $1,076,118 $1,066,743 Net interest income, as reported (GAAP) 505,451 487,024 471,525 446,224 397,275 465,819 171,969 1,763,644 1,628,708 1,665,478 Non-interest income, as reported (GAAP) 78,700 73,711 68,836 64,887 52,691 52,796 27,604 262,126 224,501 225,729 Add: Net losses on the sale of commercial real estate loans (pre-tax) — — — — — — — — 13,660 — Less: Litigation settlement (pre-tax) (3,051) — — — — — — — (7,334) — Add: (Losses) gain on available for sale and held to maturity securities transactions, net (pre-tax) (3) — 10 (28) (877) 7 — (17) 15 (401) Less: Gain on sale of commercial premium finance division (pre-tax) — — — — — — — — (3,629) — Less: Net gains on sales of office buildings (pre-tax) — — — — — — — — — (6,721) Non-interest income, as adjusted (Non-GAAP) 75,646 73,711 68,846 64,859 $51,814 $52,803 27,604 262,109 227,213 218,607 Gross operating income, as adjusted (Non-GAAP) 581,097 560,735 540,371 511,083 449,089 518,622 199,573 2,025,753 1,855,921 1,884,085 Efficiency ratio (Non-GAAP) 49.38% 52.11% 53.10% 53.37% 60.70% 49.30% 57.44% 54.44% 57.98% 56.62% Annualized pre-provision net revenue / average assets Net interest income, as reported (GAAP) $505,451 $487,024 $471,525 $446,224 $397,275 $465,819 171,969 $1,763,644 $1,628,708 $1,665,478 Non-interest income, as reported (GAAP) 78,700 73,711 68,836 64,887 52,691 52,796 27,604 262,126 224,501 225,729 Less: Non-interest expense, as reported (GAAP) 309,958 311,123 309,926 281,985 340,421 266,240 136,317 1,142,126 1,105,860 1,162,691 Pre-provision net revenue (GAAP) $274,193 $249,612 $230,435 $229,126 $109,545 $252,375 $63,256 $883,644 $747,349 $728,516 Average assets $66,506,401 $65,584,823 $64,190,084 $63,046,215 $61,113,553 $56,913,215 $23,907,011 $62,484,314 $61,973,902 $61,065,897 Annualized pre-provision net revenue / average assets (GAAP) 1.65% 1.52% 1.44% 1.45% 0.72% 1.77% 1.06% 1.41% 1.21% 1.19% Years EndedThree Months Ended

Non -GAAP Reconciliations to GAAP Financial Measures 37 September 30, June 30, March 31, December 31, September 30, December 31, ($ in thousands, except for share data) 2026 2026 2026 2025 2025 2017 Tangible book value per common share (Non-GAAP): Common shares outstanding 550,621,196 553,069,100 554,316,876 556,618,021 560,784,352 264,468,851 Shareholders' equity (GAAP) $7,896,552 $7,917,144 $7,828,443 $7,807,698 $7,695,374 $2,533,165 Less: Preferred Stock 354,345 354,345 354,345 354,345 354,345 209,691 Less: Goodwill and other intangible assets 1,952,392 1,958,135 1,963,706 1,969,811 1,976,594 733,144 Tangible common shareholders' equity (Non-GAAP) $5,589,815 $5,604,664 $5,510,392 $5,483,542 $5,364,435 $1,590,330 Tangible book value per common share (Non-GAAP): $10.15 $10.13 $9.94 $9.85 $9.57 $6.01 Tangible common equity to tangible assets (Non-GAAP): Tangible common shareholders' equity (Non-GAAP) $5,589,815 $5,604,664 $5,510,392 $5,483,542 $5,364,435 $1,590,330 Total assets (GAAP) 67,470,879 66,318,308 64,466,585 64,132,725 63,018,614 24,002,306 Less: Goodwill and other intangible assets 1,952,392 1,958,135 1,963,706 1,969,811 1,976,594 733,144 Tangible assets (Non-GAAP) 65,518,487 64,360,173 62,502,879 62,162,914 61,042,020 $23,269,162 Tangible common equity to tangible assets (Non-GAAP) 8.53% 8.71% 8.82% 8.82% 8.79% 6.83% As of September 30, June 30, September 30, ($ in thousands) 2026 2026 2025 Annualized non-interest expenses / average assets, as adjusted Non-interest expense, as adjusted (Non-GAAP) $286,960 $292,223 $272,789 Average assets $66,506,401 $65,584,823 $63,046,215 Annualized non-interest expenses / average assets, as adjusted 1.73% 1.78% 1.73% Three Months Ended September 30, June 30, March 31, September 30, December 31, December 31, December 31, December 31, December 31, December 31, ($ in thousands) 2026 2026 2026 2025 2023 2022 2017 2025 2024 2023 Annualized pre-provision net revenue / average assets, as adjusted Pre-provision net revenue (GAAP) $274,193 $249,612 $230,435 $229,126 $109,545 $252,375 $63,256 $883,644 $747,349 $728,516 Add: Loss on extinguishment of debt (pre-tax) — — — — — — — $922 — — Add: FDIC Special assessment (pre-tax) — — — (3,817) 50,297 — — (9,489) 8,757 50,297 Add: Restructuring charge (pre-tax) — 2,513 5,689 3,854 (538) — — 5,284 2,039 9,969 Add: Merger-related expenses (pre-tax) 3,094 — — — 10,000 7,372 1,378 — — 14,133 Add: Amortization of tax credit investments (pre-tax) 19,904 16,157 16,014 8,147 4,547 3,213 20,302 41,792 18,946 18,009 Add: Litigation reserve (pre-tax) — 230 1,262 1,012 — — — 773 — 3,540 Add: Losses (gains) on available for sale and held to maturity securities transactions, net (pre-tax) (3) — 10 (28) (877) 7 — (17) 15 (401) Add: Net losses on sale of commercial real estate loans (pre-tax) — — — — 3,540 — — — 13,660 — Less: Litigation Settlement (pre-tax) (3,051) — — — — — — — (7,334) — Less: Gain on sale of commercial premium finance division (pre-tax) — — — — — — — — (3,629) — Pre-provision net revenue, as adjusted (Non-GAAP) 294,137 268,512 253,410 238,294 176,514 262,967 $84,936 922,909 779,803 817,342 Average assets $66,506,401 $65,584,823 $64,190,084 $63,046,215 $61,113,553 $56,913,215 $23,907,011 $62,484,314 $61,973,902 $61,065,897 Annualized pre-provision net revenue / average assets, as adjusted (Non-GAAP) 1.77% 1.64% 1.58% 1.51% 1.16% 1.85% 1.42% 1.48% 1.26% 1.34% Years EndedThree Months Ended

© 2026 Valley Bank. All rights reserved. Please see www.valley.com for further details. For More Information ▪ Go to our website: www.valley.com ▪ Email requests to: ajianette@valley.com ▪ Call Andrew Jianette in Investor Relations at: (551) 288 -3182 ▪ Go to our website above or www.sec.gov to obtain free copies of documents filed by Valley with the SEC

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Valley National Q3 2026 earnings rise to $206M

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