---
schema_version: "secwatch.filing_event.v1"
accession: "0000714310-22-000116"
form_type: "8-K"
ticker: "VLY"
cik: "0000714310"
company_name: "VALLEY NATIONAL BANCORP"
filed_at: "2022-07-28T23:59:59+00:00"
generated_at: "2026-06-24T07:45:47.686136+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Valley National Q2 adjusted EPS $0.32; NIM expands 27bps to 3.43%; Bank Leumi acquisition adds $5.9B loans

## Summary
- Adjusted net income $165.8M ($0.32/diluted) vs $126.6M ($0.30) in Q2 2021; GAAP net income $96.4M ($0.18) includes $69.4M after-tax merger costs.
- Net interest margin (tax-equivalent) rose 27 bps QoQ to 3.43%; net interest income $419.6M, up $101.2M from Q1.
- Loans grew $8.2B to $43.6B including $5.9B from Bank Leumi; organic loan growth annualized 26% across commercial, CRE, and residential.
- Provision for credit losses $43.7M, largely $41M for non-PCD acquired loans; allowance for credit losses 1.13% of total loans.
- Tangible ROE (adjusted) 16.05%, efficiency ratio 50.78%; strong core operating results driven by margin expansion and acquisition synergies.

## SEC filing metadata
- accession: 0000714310-22-000116
- form_type: 8-K
- ticker: VLY
- cik: 0000714310
- company_name: VALLEY NATIONAL BANCORP
- filed_at: 2022-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/714310/000071431022000116/0000714310-22-000116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714310/000071431022000116/vly-20220728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714310-22-000116
- JSON: https://secwatch.observer/filing/0000714310-22-000116.json
- Plain text: https://secwatch.observer/filing/0000714310-22-000116.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.