{"schema_version":"secwatch.filing_event.v1","accession":"0000714310-23-000120","form_type":"8-K","ticker":"VLY","cik":"0000714310","company_name":"VALLEY NATIONAL BANCORP","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.471139+00:00","generated_at":"2026-06-13T01:21:03.730662+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 Q2 2023 net income $139M ($0.27 EPS); adjusted EPS $0.28; NIM 2.94% down from 3.16%","bullets":["Net income of $139.1M ($0.27 diluted EPS) vs $96.4M ($0.18) in Q2 2022; adjusted net income $147.1M ($0.28).","Net interest margin (tax-equivalent) fell 22 bps to 2.94% as deposit costs rose to 2.45% from 1.96% in Q1 2023.","Loans grew $1.2B to $49.9B; deposits up $2.0B to $49.6B; non-accrual loans stable at 0.51% of total loans.","Non-interest expense $283M including $11.2M workforce reduction charge; efficiency ratio 55.59%."],"urls":{"canonical":"https://secwatch.observer/filing/0000714310-23-000120","json":"https://secwatch.observer/filing/0000714310-23-000120.json","markdown":"https://secwatch.observer/filing/0000714310-23-000120.md","text":"https://secwatch.observer/filing/0000714310-23-000120.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/714310/000071431023000120/0000714310-23-000120-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/714310/000071431023000120/vly-20230727.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T01:21:03.730662+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":"ba756138e1c87d97443df40d3c649124bb23562b","claim":"VALLEY NATIONAL BANCORP reported second quarter 2023 results: net income 139.1 million, EPS 0.27.","evidence_excerpt":"Valley National Bancorp ( NASDAQ:VLY ), the holding company for Valley National Bank, today reported net income for the second quarter 2023 of $139.1 million, or $0.27 per diluted common share, as compared to the second quarter 2022 net income of $96.4 million, or $0.18 per diluted common share, and net income of $146.6 million, or $0.28 per diluted common share, for the first quarter 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/714310/000071431023000120/0000714310-23-000120-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter 2023"},{"label":"Net income","value":"139.1 million"},{"label":"EPS","value":"0.27"},{"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"}