secwatch.observer — SEC 8-K summary
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Issuer:     VALLEY NATIONAL BANCORP (VLY)
CIK:        0000714310
Form:       8-K
Filed at:   2026-07-23T11:05:35+00:00
Accession:  0000714310-26-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valley National Q2 net income $170.9M ($0.29 EPS), up 28% YoY; NIM expands to 3.20%
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- Net income $170.9M ($0.29 diluted EPS) vs $133.2M ($0.22) in Q2 2025; adjusted EPS $0.30.
- Net interest margin (tax-equivalent) 3.20%, up 19 bps YoY; net interest income $488.4M, up $54.7M YoY.
- Loans grew $1.6B to $52.5B (12.9% annualized); deposits up $1.3B to $54.1B.
- Non-accrual loans rose to $462.6M (0.88% of loans) from $432.6M (0.85%) at Q1; provision $29.2M.
- Efficiency ratio improved to 52.11% from 55.20% a year ago; repurchased 1.5M shares at $13.40.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714310/000071431026000036/0000714310-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714310/000071431026000036/vly-20260723.htm
  HTML page:      https://secwatch.observer/filing/0000714310-26-000036

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