---
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"
generated_at: "2026-05-27T17:18:33.373376+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Valley Q4 GAAP net income $115.7M but adjusted EPS $0.13; credit costs spike

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000714310-25-000003
- JSON: https://secwatch.observer/filing/0000714310-25-000003.json
- Plain text: https://secwatch.observer/filing/0000714310-25-000003.txt

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