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 is asking shareholders to vote on three items at its upcoming annual meeting: electing 11 directors, an advisory “say‑on‑pay” vote on named executive officer compensation, and ratifying KPMG LLP as independent auditor for 2026, all with Board support.
The proxy details a refreshed, largely independent board, extensive evaluation and succession processes, and a compensation program that is heavily performance‑based and benchmarked to a 16‑bank peer group. In 2025, 97.2% of votes supported Valley’s executive pay, reinforcing prior design choices.
The filing highlights ESG and community impact, including an “Outstanding” Community Reinvestment Act rating, about $3.6 billion in 2025 community development investments (with $1.8 billion in community development loans), expanded lending for 2,736 hybrid and electric vehicles, and over $6.8 million in philanthropic giving alongside 13,500+ associate volunteer hours.
Valley National Bancorp Schedule 13G/A amendment shows The Vanguard Group reporting 0 shares beneficially owned and 0% of common stock following an internal realignment. The filing states that, effective January 12, 2026, certain Vanguard subsidiaries or business divisions will report ownership separately in reliance on SEC Release No. 34-39538. The disclosure explains Vanguard no longer is deemed to beneficially own securities held by those disaggregated entities.
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 reported equity awards for SEVP and CFO Travis Lan. He acquired 23,953 restricted stock units under the 2023 Long Term Incentive Stock Plan, which vest in three equal installments each February 1 over three years. He also received 2,772 common shares from the payout of earlier performance stock units, while 1,284 shares were withheld to cover related tax obligations. Following these award and tax-withholding transactions, his directly held common stock position totaled 86,145 shares.
Valley National Bancorp executive Russell Barrett, SEVP and Chief Operating Officer, reported a mix of equity awards and related tax withholding in company common stock. He acquired 23,953 shares at no cost through restricted stock units granted under the 2023 Long Term Incentive Stock Plan, which vest in three equal installments each February 1 over three years. He also acquired 6,237 shares at $13.36 per share as a payout of performance stock units granted in early 2023. To cover tax obligations from the performance stock unit payout, 1,956 shares were disposed of at $13.36 per share through share withholding.
Valley National Bancorp senior executive receives stock-based award. Patrick D. Smith, SEVP and President of Consumer Banking, acquired 29,941 shares of common stock on February 23, 2026 through a restricted stock unit (RSU) grant under the 2023 Long Term Incentive Stock Plan. These time-based RSUs vest in three equal installments each February 1 over the next three years. Following this grant, his directly owned common stock holdings total 133,715 shares.
SLOAN LYNDSEY M reported acquisition or exercise transactions in this Form 4 filing.
Valley National Bancorp senior executive vice president and general counsel Lyndsey M. Sloan received a grant of 17,965 shares of common stock in the form of restricted stock units under the company’s 2023 Long Term Incentive Stock Plan. These RSUs vest in three equal installments on each February 1 over the next three years. Following this award, Sloan directly holds 51,560 shares of common stock.
Martocci Gino A. reported acquisition or exercise transactions in this Form 4 filing.
Valley National Bancorp senior executive Gino A. Martocci reported an award of 32,935 shares of common stock in the form of restricted stock units granted under the company’s 2023 Long Term Incentive Stock Plan. These RSUs are time-based and vest in three equal installments on each February 1 over the next three years.
After this grant, Martocci directly holds 85,606 common shares. The filing also reports additional indirect holdings of 45,822 shares through his wife and 1,835 shares attributed to his daughter, reflecting family-related ownership positions rather than new market purchases or sales.
Valley National Bancorp reported that Senior Executive Vice President and Chief Risk Officer John P. Regan acquired 17,965 shares of common stock on February 23, 2026 through a grant classified as a restricted stock unit (RSU) award at a price of $0.00 per share. These RSUs were granted under the Valley National Bancorp 2023 Long Term Incentive Stock Plan and are time-based, vesting in three equal installments on February 1 of each of the next three years. Following this award, Regan directly holds 69,575 shares of common stock.