---
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"
generated_at: "2026-06-23T00:23:52.655139+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valley National Bancorp Q3 net income rises 45% to $178.1M; NIM expands to 3.60%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714310-22-000128
- JSON: https://secwatch.observer/filing/0000714310-22-000128.json
- Plain text: https://secwatch.observer/filing/0000714310-22-000128.txt

## Key facts
- Earnings Releases
  VALLEY NATIONAL BANCORP reported third quarter 2021 results: net income $122.6 million, EPS $0.29 per diluted common share.
  - Period: third quarter 2021
  - Net income: $122.6 million
  - EPS: $0.29 per diluted common share
  - Result: reported results
  source text: third quarter 2021 earnings of $122.6 million, or $0.29 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/714310/000071431022000128/0000714310-22-000128-index.htm
- Earnings Releases
  VALLEY NATIONAL BANCORP reported third quarter 2022 results: net income $178.1 million, EPS $0.34 per diluted common share.
  - Period: third quarter 2022
  - Net income: $178.1 million
  - EPS: $0.34 per diluted common share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/714310/000071431022000128/0000714310-22-000128-index.htm
- Earnings Releases
  VALLEY NATIONAL BANCORP reported second quarter 2022 results: net income $96.4 million, EPS $0.18 per diluted common share.
  - Period: second quarter 2022
  - Net income: $96.4 million
  - EPS: $0.18 per diluted common share
  - Result: reported results
  source text: net income of $96.4 million, or $0.18 per diluted common share, for the second quarter 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/714310/000071431022000128/0000714310-22-000128-index.htm

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