---
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"
generated_at: "2026-06-06T18:45:08.444137+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Valley National Q4 net income $71.6M ($0.13 EPS); adjusted EPS $0.22, down from $0.35 YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714310-24-000006
- JSON: https://secwatch.observer/filing/0000714310-24-000006.json
- Plain text: https://secwatch.observer/filing/0000714310-24-000006.txt

## Key facts
- Earnings Releases
  VALLEY NATIONAL BANCORP reported fourth quarter 2023 results: net income $71.6 million, or $0.13 per diluted common share.
  - Period: fourth quarter 2023
  - Net income: $71.6 million, or $0.13 per diluted common share
  - Result: reported results
  source text: Valley National Bancorp (“Valley”) issued a press release announcing fourth quarter 2023 results of operations.
  evidence_url: https://www.sec.gov/Archives/edgar/data/714310/000071431024000006/0000714310-24-000006-index.htm

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