---
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"
generated_at: "2026-06-13T01:21:03.730662+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valley National Q2 2023 net income $139M ($0.27 EPS); adjusted EPS $0.28; NIM 2.94% down from 3.16%

## Summary
- 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%.

## SEC filing metadata
- 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
- 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/714310/000071431023000120/0000714310-23-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714310/000071431023000120/vly-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714310-23-000120
- JSON: https://secwatch.observer/filing/0000714310-23-000120.json
- Plain text: https://secwatch.observer/filing/0000714310-23-000120.txt

## Key facts
- Earnings Releases
  VALLEY NATIONAL BANCORP reported second quarter 2023 results: net income 139.1 million, EPS 0.27.
  - Period: second quarter 2023
  - Net income: 139.1 million
  - EPS: 0.27
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/714310/000071431023000120/0000714310-23-000120-index.htm

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