{"schema_version":"secwatch.filing_event.v1","accession":"0000714310-24-000006","form_type":"8-K","ticker":"VLY","cik":"0000714310","company_name":"VALLEY NATIONAL BANCORP","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.727616+00:00","generated_at":"2026-06-06T18:45:08.444137+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Valley National Q4 net income $71.6M ($0.13 EPS); adjusted EPS $0.22, down from $0.35 YoY","bullets":["GAAP net income $71.6M ($0.13 diluted EPS) vs $177.6M ($0.34) in Q4 2022; adjusted net income $116.3M ($0.22) vs $182.9M ($0.35).","Net interest margin (tax-equivalent) fell to 2.82% from 2.91% in Q3; provision for credit losses rose to $20.7M from $9.1M.","Net charge-offs increased to $17.5M from $5.5M in Q3; non-accrual loans at 0.58% of total loans vs 0.52%.","Total deposits declined $642.5M to $49.2B; non-interest expense surged $73.3M on FDIC special assessment and tech contract termination.","Agreed to sell commercial premium finance lending business (~$275M loans) with expected Q1 2024 close; loan growth remained modest."],"urls":{"canonical":"https://secwatch.observer/filing/0000714310-24-000006","json":"https://secwatch.observer/filing/0000714310-24-000006.json","markdown":"https://secwatch.observer/filing/0000714310-24-000006.md","text":"https://secwatch.observer/filing/0000714310-24-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/714310/000071431024000006/0000714310-24-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/714310/000071431024000006/vly-20240125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T18:45:08.444137+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":"a7a7a9d0a9807c93c038ff1691e60c568432c21f","claim":"VALLEY NATIONAL BANCORP reported fourth quarter 2023 results: net income $71.6 million, or $0.13 per diluted common share.","evidence_excerpt":"Valley National Bancorp (“Valley”) issued a press release announcing fourth quarter 2023 results of operations.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/714310/000071431024000006/0000714310-24-000006-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter 2023"},{"label":"Net income","value":"$71.6 million, or $0.13 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"}