{"schema_version":"secwatch.filing_event.v1","accession":"0000714310-24-000080","form_type":"8-K","ticker":"VLY","cik":"0000714310","company_name":"VALLEY NATIONAL BANCORP","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.745246+00:00","generated_at":"2026-06-03T08:44:36.723764+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 Q1 net income $96.3M ($0.18 EPS); adjusted EPS $0.19; NIM 2.79%","bullets":["Net income $96.3M ($0.18 diluted EPS); adjusted net income $99.4M ($0.19 adjusted EPS).","Net interest margin (tax-equivalent) 2.79%, down 3bp from Q4 2023; net interest income $394.8M.","Total loans decreased $288M (2.3% annualized) to $49.9B; sold $196.5M CRE and construction loans.","Provision for credit losses $45.3M, up from $20.7M in Q4 2023; allowance/total loans 0.98%.","Non-accrual loans 0.58% of total loans; net charge-offs $23.6M, up from $17.5M in Q4 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0000714310-24-000080","json":"https://secwatch.observer/filing/0000714310-24-000080.json","markdown":"https://secwatch.observer/filing/0000714310-24-000080.md","text":"https://secwatch.observer/filing/0000714310-24-000080.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/714310/000071431024000080/0000714310-24-000080-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/714310/000071431024000080/vly-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:44:36.723764+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":"94fedaf6f63dd95e203a622b38b3bc6b43f9f987","claim":"VALLEY NATIONAL BANCORP reported first quarter 2024 results: net income $99.4 million, EPS $0.19 per diluted common share.","evidence_excerpt":"Excluding all non-core income and charges, our adjusted net income (a non-GAAP measure) was $99.4 million, or $0.19 per diluted common share, for the first quarter 2024, $116.3 million, or $0.22 per diluted common share, for the fourth quarter 2023, and $154.5 million, or $0.30 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/714310/000071431024000080/0000714310-24-000080-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2024"},{"label":"Net income","value":"$99.4 million"},{"label":"EPS","value":"$0.19 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"}