secwatch.observer — SEC 8-K summary
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Issuer:     VALLEY NATIONAL BANCORP (VLY)
CIK:        0000714310
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0000714310-25-000092
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valley National Q1 net income $106.1M ($0.18 EPS); credit quality improves, NIM expands to 2.96%
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- Net income $106.1M, diluted EPS $0.18 (flat YoY, down from $0.20 in Q4 2024).
- Net interest margin (tax-equivalent) 2.96%, +4bps QoQ; net interest income $421.4M.
- Provision for credit losses $62.7M vs $107.0M in Q4 2024; net charge-offs $41.9M (down from $98.3M).
- Non-accrual loans fell to $346.5M (0.71% of total loans); accruing past-due loans halved to $51.7M.
- Core deposits grew: non-interest bearing up $199.9M; brokered deposits down $726.5M to $6.3B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714310/000071431025000092/0000714310-25-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714310/000071431025000092/vly-20250424.htm
  HTML page:      https://secwatch.observer/filing/0000714310-25-000092

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer