secwatch.observer — SEC 8-K summary
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Issuer:     VALLEY NATIONAL BANCORP (VLY)
CIK:        0000714310
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0000714310-25-000137
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valley National Q2 net income $133.2M ($0.22 EPS) vs $106.1M Q1; NIM expands to 3.01%
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- Net income $133.2M ($0.22 diluted) vs $106.1M ($0.18) Q1 2025 and $70.4M ($0.13) Q2 2024; adjusted EPS $0.23.
- NIM (tax-equiv) 3.01%, up 5 bps QoQ and 17 bps YoY; net interest income $433.7M.
- Loans grew $734M (6% annualized) to $49.4B led by C&I (+$720M) and auto (+$138M); CRE down $289M.
- Provision for credit losses $37.8M vs $62.7M Q1; net charge-offs $37.8M; ACL ratio 1.20%.
- Accruing past due loans jumped to $199M (0.40%) from $52M (0.11%) due to three CRE loans; two cured in July 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/0000714310-25-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/vly-20250724.htm
  HTML page:      https://secwatch.observer/filing/0000714310-25-000137

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