Every 8-K that Valley National Bancorp 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C (VLYPN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow VLYPN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VLYPN filings page.
Valley National Bancorp (VLY) announced a definitive Agreement and Plan of Merger to acquire Providence Financial Corporation, parent of Providence Bank & Trust, in a stock-and-cash transaction valued at $247 million based on Valley’s $14.10 share price on August 24, 2026. Each Providence share will be exchanged for 4.3854 VLY shares plus $21.47 in cash, with Valley issuing about 13 million new shares. Providence, with $1.6 billion in assets, $1.3 billion in deposits, $1.1 billion in loans and $800 million of wealth AUM as of June 30, 2026, will be merged into Valley, followed by a merger of Providence Bank & Trust into Valley National Bank.
The deal expands Valley’s presence in the Chicagoland market, where the combined franchise is expected to have about $1.6 billion of deposits and $1.9 billion of loans post-closing. On a pro forma basis as of June 30, 2026, the combined company would have approximately $67.9 billion in assets, $55.5 billion in deposits and $53.5 billion in loans. Valley projects cost savings of about $10 million pre-tax (25% of Providence’s noninterest expenses), restructuring charges of $17 million pre-tax, and a loan credit mark of 1.65% of Providence’s loans. The transaction is expected to be roughly 2% EPS accretive by 2028, less than 1% dilutive to tangible book value with an earnback of under three years, and to reduce CET1 by less than 10 basis points, with an internal rate of return above 20%. Closing is targeted for early 2027, subject to regulatory and Providence shareholder approvals, and Valley has committed $3 million over three years to Chicago-area community organizations.
Valley National Bancorp reported solid second quarter 2026 results, with net income of $170.9 million and diluted EPS of $0.29, up from $163.9 million and $0.28 in the first quarter and $133.2 million and $0.22 a year earlier. Adjusted net income was $172.8 million, or $0.30 per diluted share.
Total revenue reached $560.7 million, driven by net interest income on a tax-equivalent basis of $488.4 million and non-interest income of $73.7 million. The tax-equivalent net interest margin improved to 3.20%, while the efficiency ratio bettered to 52.11%. Loans grew to $52.5 billion and deposits to $54.1 billion, with strong C&I and commercial real estate growth and higher non-interest-bearing balances.
Credit quality remained manageable but showed some pressure: net charge-offs were $22.0 million, the annualized net charge-off ratio was 0.17%, accruing past-due loans rose to $180.2 million or 0.34% of loans, and non-accruals increased to $462.6 million or 0.88%. The allowance for credit losses for loans stood at $606.9 million, or 1.16% of loans. Capital remained strong, with a common equity tier 1 ratio of 10.71% and total risk-based capital of 13.77%, and the company repurchased 1.5 million common shares at an average price of $13.40.
Valley National Bancorp reported the results of its Annual Meeting of Shareholders held on May 18, 2026. Shareholders representing 498,025,239 of 554,316,876 common shares outstanding as of March 23, 2026 were present or represented by proxy, providing a strong quorum.
All 11 director nominees were elected with large majorities, each receiving over 432 million votes in favor. Shareholders also approved, on an advisory basis, the compensation of the named executive officers, with 428,491,622 votes for and 8,976,268 against.
In addition, shareholders ratified the appointment of KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 495,529,819 votes for and minimal opposition. Overall, all management proposals on the ballot passed comfortably.
Valley National Bancorp has issued $500 million of 6.219% fixed-to-floating rate subordinated notes due 2036 and plans to use the net proceeds of about $494.1 million primarily to repay existing subordinated debt and for general corporate purposes. The notes pay a fixed 6.219% coupon until June 1, 2031, then reset quarterly to a floating rate based on a benchmark, expected to be three-month Term SOFR, plus 243 basis points. They are intended to qualify as Tier 2 regulatory capital and are redeemable at the company’s option, subject to Federal Reserve approval, starting June 1, 2031 or earlier upon certain tax or regulatory events. Separately, Valley will redeem in full $300 million of 3.00% fixed-to-floating rate subordinated notes due 2031 on June 15, 2026 at par plus accrued interest, after which no such 2031 notes will remain outstanding.
Valley National Bancorp furnished fixed income investor presentation materials that update its financial and credit profile. As of the first quarter of 2026, Valley reports $64 billion in assets, $51 billion in gross loans, and $53 billion in deposits.
The presentation cites adjusted return on average assets of 1.05%, adjusted return on average tangible common equity of 11.9%, and a net interest margin (fully tax equivalent) of 3.17%. Asset quality metrics include net charge-offs to average loans of 0.14%, non-performing assets to assets of 0.68%, and an allowance for credit losses of 1.18% of total loans.
Valley also provides detailed non-GAAP reconciliations, showing adjusted net income of $168.9 million and an efficiency ratio of 53.10% for the quarter, along with long-term credit performance data and commercial real estate portfolio statistics.
Valley National Bancorp reported solid first quarter 2026 results. Net income was $163.9 million, or $0.28 per diluted share, down from $195.4 million ($0.33) in the prior quarter but up from $106.1 million ($0.18) a year earlier. Adjusted net income was $168.9 million, or $0.29 per diluted share.
Net interest income on a tax-equivalent basis rose to $472.8 million, with a stable net interest margin of 3.17%. Total deposits increased to $52.9 billion and total loans to $50.8 billion, both showing linked-quarter growth, while the cost of total average deposits declined to 2.27%.
Asset quality remained steady: non-accrual loans were $432.6 million, or 0.85% of total loans, and net loan charge-offs fell to $17.5 million. The allowance for credit losses on loans was 1.18% of total loans. Capital stayed strong with a common equity tier 1 ratio of 10.91%, and the efficiency ratio improved to 53.10%, supporting returns on average assets of 1.02% and on shareholders’ equity of 8.35%.
Valley National Bancorp filed an amended report to correct a clerical signature error and reaffirmed that its Board of Directors has approved a new stock repurchase program for up to 25 million shares of common stock.
The new authorization becomes effective on April 27, 2026, the day after the current program is scheduled to expire on April 26, 2026, and will run through April 27, 2028. Repurchases are discretionary and may be made through open market purchases and Rule 10b5-1 trading plans, with the actual number and timing driven by share price, market and business conditions, and alternative investment opportunities.
Valley National Bancorp announced that its Board of Directors approved a new stock repurchase program authorizing the buyback of up to 25 million shares of Valley common stock. The new 2026 Share Repurchase Program becomes effective on April 27, 2026, the day after the current program is scheduled to expire on April 26, 2026.
The authorization runs through April 27, 2028 and allows repurchases from time to time, including open-market purchases and Rule 10b5-1 trading plans. The actual amount and timing of buybacks will depend on factors such as share price, business and market conditions, and alternative investment opportunities, and the program can be suspended or discontinued at Valley’s discretion.
Valley National Bancorp furnished an update on its recent performance by issuing a press release announcing its fourth quarter 2025 results of operations. The press release is included as Exhibit 99.1.
The company also provided presentation materials used in connection with its fourth quarter 2025 conference as Exhibit 99.2. Both exhibits are being furnished, not filed, which limits how they are treated under securities laws.
Valley National Bancorp appointed Carlos Vazquez to its Board of Directors, effective January 27, 2026, to serve until the next annual meeting of shareholders and until a successor is elected and qualified. The Board determined that he is an independent director.
Vazquez was Executive Vice President and Chief Financial Officer of Popular, Inc. from 2013 to 2024 and previously held senior roles there, including President of Popular Bank. He also served on the Board of the Federal Home Loan Bank of New York from 2013 to 2024 and sits on advisory boards for Operation HOPE and Rensselaer Polytechnic Institute’s School of Engineering.
He will serve on Valley’s Audit Committee and Compensation and Human Capital Management Committee, and will participate in the company’s standard non-employee director compensation program. The company states there are no special arrangements related to his selection and no related-party transactions requiring disclosure.