---
schema_version: "secwatch.filing_event.v1"
accession: "0000714310-24-000159"
form_type: "8-K"
ticker: "VLY"
cik: "0000714310"
company_name: "VALLEY NATIONAL BANCORP"
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:44:46.697214+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Valley National Q3 net income $97.9M ($0.18 EPS), NIM 2.86%; plans $800M+ CRE loan sale

## Summary
- Q3 net income $97.9M ($0.18 EPS), up from $70.4M ($0.13) in Q2; adjusted EPS $0.18.
- Net interest margin 2.86% (up 2 bps QoQ); tax-equivalent NII $411.8M, up $8.8M QoQ.
- Total loans fell $956.4M to $49.4B, driven by $823.1M CRE loans transferred to held-for-sale.
- Provision for credit losses $75.0M, incl. $8M qualitative reserve for Hurricane Helene; net charge-offs $42.9M.
- Agreement to sell >$800M performing CRE loans at ~1% discount, expected close Q4 2024.

## SEC filing metadata
- accession: 0000714310-24-000159
- form_type: 8-K
- ticker: VLY
- cik: 0000714310
- company_name: VALLEY NATIONAL BANCORP
- filed_at: 2024-10-24T23:59:59+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/714310/000071431024000159/0000714310-24-000159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/714310/000071431024000159/vly-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714310-24-000159
- JSON: https://secwatch.observer/filing/0000714310-24-000159.json
- Plain text: https://secwatch.observer/filing/0000714310-24-000159.txt

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