Highest-materiality recent filing
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 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 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 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.
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 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 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 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.
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 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 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 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 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 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 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).
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.
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 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