Highest-materiality recent filing
Valley National Bancorp shareholders elect 11 directors and ratify KPMG at annual meeting
All 11 director nominees elected; highest "Against" vote for Suresh L. Sani (6.7M votes against).
Valley National issues $500M 6.219% sub notes due 2036; redeems $300M 3.00% notes
Issued $500M aggregate principal of 6.219% Fixed-to-Floating Subordinated Notes due June 1, 2036; net proceeds ~$494.1M.
Valley National Bancorp furnishes fixed-income investor presentation for May 2026
Presentation filed under Regulation FD; no specific financial results or guidance disclosed in the 8-K body.
Valley National Q1 2026 net income $163.9M; EPS $0.28, adjusted $0.29
GAAP EPS of $0.28 vs $0.33 in Q4 2025; adjusted EPS of $0.29 vs $0.31.
Valley National Bancorp authorizes repurchase of up to 25M shares of common stock
Board approved new share repurchase program for up to 25 million shares of common stock.
Valley National Bancorp approves new share repurchase program for up to 25 million shares
Board authorized repurchase of up to 25 million shares of Valley common stock.
Valley National Q4 2025 net income $195M ($0.33 EPS); NIM expands to 3.17%; loans +$864M
Net income $195.4M ($0.33 diluted EPS) vs $163.4M ($0.28) in Q3 2025 and $115.7M ($0.20) in Q4 2024.
Valley National Bancorp appoints Carlos Vazquez as independent director
Carlos Vazquez appointed to Valley National Bancorp Board effective Jan 27, 2026.
Valley National Q3 net income $163.4M ($0.28 EPS) vs $97.9M a year ago; NIM expands to 3.05%
Adjusted EPS $0.28, up from $0.22 in Q2 and $0.18 in Q3 2024; net interest income $447.5M (+$35.7M YoY).
Valley National Q2 net income $133.2M ($0.22 EPS) vs $106.1M Q1; NIM expands to 3.01%
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.
President Thomas A. Iadanza retires effective June 30, 2025; CEO Ira Robbins assumes additional role of President.
Valley National Bancorp redeems $115M 5.25% subordinated notes due 2030
Redemption of full $115M aggregate principal amount of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030.
Valley National Q1 net income $106.1M ($0.18 EPS); credit quality improves, NIM expands to 2.96%
Net income $106.1M, diluted EPS $0.18 (flat YoY, down from $0.20 in Q4 2024).
Valley National Bancorp appoints Eyal Efrat as director, replacing Bank Leumi designee
Eyal Efrat appointed to board effective March 12, 2025, replacing Avner Mendelson as Bank Leumi's designee.
Valley National names new Commercial Banking President, CFO, and COO
Joseph Chillura to exit President of Commercial Banking on March 31; stays as non-executive employee until June 30.
Valley National Bancorp director Avner Mendelson resigns; Bank Leumi to appoint successor
Avner Mendelson resigned from Valley National Bancorp board effective January 24, 2025.
Valley Q4 GAAP net income $115.7M but adjusted EPS $0.13; credit costs spike
GAAP net income $115.7M ($0.20 EPS) vs Q3 $97.9M ($0.18); adjusted net income $75.7M ($0.13 EPS).
Valley National Bancorp President Thomas A. Iadanza to retire effective June 30, 2025
President Thomas A. Iadanza retires after 13 years with Valley and 45+ years in banking.
Valley National adopts executive severance plan effective Jan 1, 2025
Plan covers President, SEVP, and EVP levels; replaces individual severance agreements.
Valley National Bancorp appoints Nitzan Sandor as director, designee of Bank Leumi
Nitzan Sandor appointed to the Board effective Nov 14, 2024, to serve until next annual meeting.
Valley National Bancorp raises ~$449M in common stock offering at $9.35/share
Sold 49,197,860 shares (including full exercise of underwriters' option) at $9.35 per share.
Valley National Bancorp CFO Michael Hagedorn to depart Nov 30; Travis Lan named interim CFO
Michael Hagedorn will separate as Senior EVP and CFO effective Nov 30, 2024; separation not due to any disagreement.
Valley National Q3 net income $97.9M ($0.18 EPS), NIM 2.86%; plans $800M+ CRE loan sale
Q3 net income $97.9M ($0.18 EPS), up from $70.4M ($0.13) in Q2; adjusted EPS $0.18.
Bank Leumi designee Dafna Landau resigns from Valley National board; replacement expected Q4 2024
Bank Leumi notified Valley on Aug 20, 2024, it will nominate a new board designee to replace Dafna Landau.
Valley National issues 6M shares of 8.25% Fixed-Rate Reset Preferred Series C
Issued 6,000,000 shares of 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (Series C) at $25 liquidation preference per share.
Valley National Bancorp prices $144.7M offering of 8.25% Preferred Stock Series C
Issued 6M shares (6.9M with overallotment) of 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Series C at $25/share.
Valley Q2 net income $70.4M ($0.13 EPS) down 27% QoQ; provision surges to $82.1M
Diluted EPS $0.13 vs $0.18 Q1 2024 and $0.27 Q2 2023; adjusted EPS also $0.13.
Valley National Bancorp appoints John P. Regan as Chief Risk Officer; Raja Dakkuri resigns
Raja A. Dakkuri resigns as Chief Risk Officer effective June 21, 2024, to pursue another professional opportunity.
Filing is a Regulation FD disclosure for an investor conference presentation on June 5, 2024.
All 14 director nominees elected with between 94.74% and 99.23% of votes cast for.
Valley Q1 net income $96.3M ($0.18 EPS); adjusted EPS $0.19; NIM 2.79%
Net income $96.3M ($0.18 diluted EPS); adjusted net income $99.4M ($0.19 adjusted EPS).
Valley National Bancorp authorizes repurchase of up to 25M shares
Board approved new stock repurchase program for up to 25 million shares of common stock.
Valley National Q4 net income $71.6M ($0.13 EPS); adjusted EPS $0.22, down from $0.35 YoY
GAAP net income $71.6M ($0.13 diluted EPS) vs $177.6M ($0.34) in Q4 2022; adjusted net income $116.3M ($0.22) vs $182.9M ($0.35).
Valley National Q3 EPS $0.27 flat QoQ, down YoY; NIM 2.91%
GAAP net income $141.3M ($0.27 diluted EPS); adjusted EPS $0.26; YoY EPS fell from $0.34.
Valley National Bancorp expands board to 14, appoints Kathleen C. Perrott as director
Board size increased from 13 to 14; Kathleen C. Perrott appointed as director effective September 18, 2023.
Valley National Q2 2023 net income $139M ($0.27 EPS); adjusted EPS $0.28; NIM 2.94% down from 3.16%
Net income of $139.1M ($0.27 diluted EPS) vs $96.4M ($0.18) in Q2 2022; adjusted net income $147.1M ($0.28).
Valley National shareholders elect directors, approve 2023 incentive plan at annual meeting
All 13 director nominees elected with >90% support; Marc J. Lenner received 90.47% (lowest).
Valley National Q1 net income $146.6M ($0.28 EPS); adjusted EPS $0.30; NIM down 41bp to 3.16%
Net income $146.6M ($0.28 diluted EPS) vs $116.7M ($0.27) a year ago and $177.6M ($0.34) in Q4 2022; adjusted EPS $0.30.
Valley National Bancorp enters Change-in-Control Agreement with Raja Dakkuri
Agreement effective April 1, 2023, with Raja Dakkuri.
Valley National Bancorp appoints Dafna Landau to board as Bank Leumi designee
Dafna Landau appointed as director effective February 28, 2023.
Valley National Q4 net income $177.6M ($0.34 EPS), loans grow 15% annualized
Net income $177.6M ($0.34 diluted EPS); adjusted net income $182.9M ($0.35 diluted EPS).
Director Ronen Agassi to resign Board effective Feb 28; Bank Leumi to name successor
Ronen Agassi, non-employee director, resigns from Valley National Bancorp Board effective Feb 28, 2023.
Valley National Bancorp Q3 net income rises 45% to $178.1M; NIM expands to 3.60%
Net income $178.1M ($0.34 diluted EPS) vs $122.6M ($0.29) year ago; adjusted EPS $0.35.
Issued $150M aggregate principal of 6.25% Fixed-to-Floating Rate Subordinated Notes due Sept 30, 2032.
Valley National Bancorp files KPMG consent for S-3 registration statement
Filed consent of KPMG LLP (Exhibit 23.1) for incorporation by reference into Form S-3 registration statement (File No. 333-254696).
Investor presentation furnished; no specific financial data in filing
Exhibit 99.1 is an investor presentation dated September 2022.
Adjusted net income $165.8M ($0.32/diluted) vs $126.6M ($0.30) in Q2 2021; GAAP net income $96.4M ($0.18) includes $69.4M after-tax merger costs.
Bank Leumi USA had total assets $8.31B, net income $79.2M for 2021 (audited), vs $48.4M in 2020.
Valley National Bancorp reports annual meeting voting results; all directors elected
All 13 director nominees elected with >94% support (excluding broker non-votes).
Valley National Q1 net income $116.7M; loans up $1.2B; Bank Leumi USA acquisition closed Apr 1
Net income $116.7M ($0.27 diluted EPS); adjusted net income $120.3M ($0.28 diluted EPS).
Ira Robbins, the Company’s Chief Executive Officer, will assume the additional role of President of the Company and the Bank effective upon Mr. Iadanza’s retirement.
In connection with the previously announced retirement of Thomas A. Iadanza from his position as President of Valley National Bancorp (the “Company”) and Valley National Bank (the “Bank”) effective June 30, 2025, Ira Robbins, the Company’s Chief Executive Officer, will assume the additional role of President of the Company and the Bank effective upon Mr. Iadanza’s retirement.
On March 12, 2025, the Board of Directors (the “Board”) of Valley National Bancorp (the “Company”) appointed Eyal Efrat as a director of the Company
Avner Mendelson, a prior designee of Bank Leumi under the Investor Rights Agreement, tendered his resignation to the Board on January 24, 2025.
the appointment of Gino Martocci as the Company’s new Senior Executive Vice President, President of Commercial Banking effective March 31, 2025
Joseph V. Chillura, Senior Executive Vice President, President of Commercial Banking, will transition out of the President of Commercial Banking role effective March 31, 2025
Russell Barrett has been appointed as Senior Executive Vice President, Chief Operating Officer effective immediately
On January 24, 2025, Avner Mendelson, a non-employee director on the board of directors (the “Board”) of Valley National Bancorp (the “Company”), notified the Company of his intention to resign from the Board effective immediately.
On November 14, 2024, the Board of Directors (the “Board”) of Valley National Bancorp (the “Company”) appointed Nitzan Sandor as a director of the Company
Travis Lan, the Company’s current Executive Vice President and Deputy Chief Financial Officer, will assume the duties of interim Chief Financial Officer on the effective date of Mr. Hagedorn’s separation from service.
On October 30, 2024, Valley National Bancorp (the “Company”) announced that Michael Hagedorn will separate from service as Senior Executive Vice President and Chief Financial Officer of the Company effective as of November 30, 2024.
Ms. Landau, who was appointed to the Board as the designee of Bank Leumi, has separated from employment with Bank Leumi, and in connection with the Notice, Ms. Landau has tendered her resignation from the Board.
Max materiality 0.85 · Median 0.55 · Most common event earnings