---
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"
generated_at: "2026-06-03T08:44:36.723764+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valley Q1 net income $96.3M ($0.18 EPS); adjusted EPS $0.19; NIM 2.79%

## Summary
- 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.

## SEC filing metadata
- 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
- 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/714310/000071431024000080/0000714310-24-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714310/000071431024000080/vly-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714310-24-000080
- JSON: https://secwatch.observer/filing/0000714310-24-000080.json
- Plain text: https://secwatch.observer/filing/0000714310-24-000080.txt

## Key facts
- Earnings Releases
  VALLEY NATIONAL BANCORP reported first quarter 2024 results: net income $99.4 million, EPS $0.19 per diluted common share.
  - Period: first quarter 2024
  - Net income: $99.4 million
  - EPS: $0.19 per diluted common share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/714310/000071431024000080/0000714310-24-000080-index.htm

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