---
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"
generated_at: "2026-06-16T09:52:09.174374+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valley National Q1 net income $146.6M ($0.28 EPS); adjusted EPS $0.30; NIM down 41bp to 3.16%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- 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/714310/000071431023000100/0000714310-23-000100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714310/000071431023000100/vly-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714310-23-000100
- JSON: https://secwatch.observer/filing/0000714310-23-000100.json
- Plain text: https://secwatch.observer/filing/0000714310-23-000100.txt

## Key facts
- Earnings Releases
  VALLEY NATIONAL BANCORP reported first quarter 2023 results: net income $146.6 million, EPS $0.28 per diluted common share.
  - Period: first quarter 2023
  - Net income: $146.6 million
  - EPS: $0.28 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 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_url: https://www.sec.gov/Archives/edgar/data/714310/000071431023000100/0000714310-23-000100-index.htm

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