{"schema_version":"secwatch.filing_event.v1","accession":"0000714310-25-000003","form_type":"8-K","ticker":"VLY","cik":"0000714310","company_name":"VALLEY NATIONAL BANCORP","filed_at":"2025-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.151543+00:00","generated_at":"2026-05-27T17:18:33.373376+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Valley Q4 GAAP net income $115.7M but adjusted EPS $0.13; credit costs spike","bullets":["GAAP net income $115.7M ($0.20 EPS) vs Q3 $97.9M ($0.18); adjusted net income $75.7M ($0.13 EPS).","Net interest margin (tax-equivalent) improved to 2.92% from 2.86% Q3; deposit costs fell 31bp.","Provision for credit losses jumped to $107M from $75M Q3; ACL ratio 1.17% vs 1.14% Q3.","Non-accrual loans rose to $359.5M (0.74% of loans) from $296.3M; net charge-offs $98.3M vs $42.9M.","Completed 49.2M share common stock offering (net $448.9M); CRE concentration ratio fell to 362% from 421%."],"urls":{"canonical":"https://secwatch.observer/filing/0000714310-25-000003","json":"https://secwatch.observer/filing/0000714310-25-000003.json","markdown":"https://secwatch.observer/filing/0000714310-25-000003.md","text":"https://secwatch.observer/filing/0000714310-25-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/714310/000071431025000003/0000714310-25-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/714310/000071431025000003/vly-20250123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T17:18:33.373376+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"}