{"schema_version":"secwatch.filing_event.v1","accession":"0000714310-24-000146","form_type":"8-K","ticker":"VLY","cik":"0000714310","company_name":"VALLEY NATIONAL BANCORP","filed_at":"2024-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.670392+00:00","generated_at":"2026-05-31T16:29:08.928048+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Valley Q2 net income $70.4M ($0.13 EPS) down 27% QoQ; provision surges to $82.1M","bullets":["Diluted EPS $0.13 vs $0.18 Q1 2024 and $0.27 Q2 2023; adjusted EPS also $0.13.","Net interest income (TE) $403M, up $8.1M QoQ but down $18.3M YoY; NIM 2.84% vs 2.79% Q1.","Provision for credit losses $82.1M, up from $45.3M Q1, driven by CRE reserves and $36.8M net charge-offs on two large relationships.","Synthetic credit risk transfer on $1.5B auto loans completed June 2024; capital ratios improved ~20 bps; ~$6M remaining premium expense in 2024.","Non-accrual loans 0.60% of total loans; total NPAs $312.9M, up $24.2M QoQ; allowance ratio 1.06% vs 0.98% Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0000714310-24-000146","json":"https://secwatch.observer/filing/0000714310-24-000146.json","markdown":"https://secwatch.observer/filing/0000714310-24-000146.md","text":"https://secwatch.observer/filing/0000714310-24-000146.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/714310/000071431024000146/0000714310-24-000146-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/714310/000071431024000146/vly-20240725.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T16:29:08.928048+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}