{"schema_version":"secwatch.filing_event.v1","accession":"0000714310-23-000100","form_type":"8-K","ticker":"VLY","cik":"0000714310","company_name":"VALLEY NATIONAL BANCORP","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.990611+00:00","generated_at":"2026-06-16T09:52:09.174374+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Valley National Q1 net income $146.6M ($0.28 EPS); adjusted EPS $0.30; NIM down 41bp to 3.16%","bullets":["Net income $146.6M ($0.28 diluted EPS) vs $116.7M ($0.27) a year ago and $177.6M ($0.34) in Q4 2022; adjusted EPS $0.30.","Net interest margin (tax-equivalent) fell 41bp QoQ to 3.16%; net interest income $437.5M, down $29.8M linked quarter.","Total loans grew $1.7B to $48.7B; deposits flat at $47.6B; short-term borrowings rose $6.3B to bolster liquidity in March.","Provision for credit losses $9.5M for loans and $5.0M for AFS securities (Signature Bank bond charged off).","Non-accrual loans 0.50% of total loans; net charge-offs $30.4M, mainly one previously reserved C&I loan participation."],"urls":{"canonical":"https://secwatch.observer/filing/0000714310-23-000100","json":"https://secwatch.observer/filing/0000714310-23-000100.json","markdown":"https://secwatch.observer/filing/0000714310-23-000100.md","text":"https://secwatch.observer/filing/0000714310-23-000100.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/714310/000071431023000100/0000714310-23-000100-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/714310/000071431023000100/vly-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T09:52:09.174374+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":"e29635e2669b91a035ad60e00cfb3ecea406527e","claim":"VALLEY NATIONAL BANCORP reported first quarter 2023 results: net income $146.6 million, EPS $0.28 per diluted common share.","evidence_excerpt":"Valley National Bancorp ( NASDAQ:VLY ), the holding company for Valley National Bank, today reported net income for the first quarter 2023 of $146.6 million, or $0.28 per diluted common share, as compared to the first quarter 2022 net income of $116.7 million, or $0.27 per diluted common share, and net income of $177.6 million, or $0.34 per diluted common share, for the fourth quarter 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/714310/000071431023000100/0000714310-23-000100-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Net income","value":"$146.6 million"},{"label":"EPS","value":"$0.28 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"}