{"schema_version":"secwatch.filing_event.v1","accession":"0000714310-22-000128","form_type":"8-K","ticker":"VLY","cik":"0000714310","company_name":"VALLEY NATIONAL BANCORP","filed_at":"2022-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.325116+00:00","generated_at":"2026-06-23T00:23:52.655139+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Valley National Bancorp Q3 net income rises 45% to $178.1M; NIM expands to 3.60%","bullets":["Net income $178.1M ($0.34 diluted EPS) vs $122.6M ($0.29) year ago; adjusted EPS $0.35.","Net interest income (tax-equivalent) $455.3M, up 51% YoY; NIM expanded 45bp to 3.60%.","Loans grew $1.6B to $45.2B (15% annualized); non-accrual loans fell to 0.65% of loans.","Efficiency ratio improved to 49.76%; issued $150M of 6.25% subordinated notes due 2032.","Provision for credit losses just $1.8M vs $43.7M prior quarter; net recoveries of $5.6M."],"urls":{"canonical":"https://secwatch.observer/filing/0000714310-22-000128","json":"https://secwatch.observer/filing/0000714310-22-000128.json","markdown":"https://secwatch.observer/filing/0000714310-22-000128.md","text":"https://secwatch.observer/filing/0000714310-22-000128.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/714310/000071431022000128/0000714310-22-000128-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/714310/000071431022000128/vly-20221027.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T00:23:52.655139+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"509ad9914ba035504a3d946da30739961809d2f8","claim":"VALLEY NATIONAL BANCORP reported third quarter 2021 results: net income $122.6 million, EPS $0.29 per diluted common share.","evidence_excerpt":"third quarter 2021 earnings of $122.6 million, or $0.29 per diluted common share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/714310/000071431022000128/0000714310-22-000128-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter 2021"},{"label":"Net income","value":"$122.6 million"},{"label":"EPS","value":"$0.29 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5819d4447e41ccacefd1fe83c908f99dd226a9c1","claim":"VALLEY NATIONAL BANCORP reported third quarter 2022 results: net income $178.1 million, EPS $0.34 per diluted common share.","evidence_excerpt":"Valley National Bancorp ( NASDAQ:VLY ), the holding company for Valley National Bank, today reported net income for the third quarter 2022 of $178.1 million, or $0.34 per diluted common share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/714310/000071431022000128/0000714310-22-000128-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter 2022"},{"label":"Net income","value":"$178.1 million"},{"label":"EPS","value":"$0.34 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"a320597eae22bf4222e09162f875744c56cdebff","claim":"VALLEY NATIONAL BANCORP reported second quarter 2022 results: net income $96.4 million, EPS $0.18 per diluted common share.","evidence_excerpt":"net income of $96.4 million, or $0.18 per diluted common share, for the second quarter 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/714310/000071431022000128/0000714310-22-000128-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2022"},{"label":"Net income","value":"$96.4 million"},{"label":"EPS","value":"$0.18 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}