VALLEY NATIONAL BANCORP — Form 8-K
Filed July 23, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Valley National Bancorp reported Q2 2026 net income of $170.9M ($0.29 diluted EPS) vs. $133.2M in Q2 2025. Total loans increased $1.6B to $52.5B (12.9% annualized), driven by $857M C&I growth and $639M CRE growth. Deposits rose $1.3B to $54.1B; non-interest bearing deposits grew $299M. Net interest margin improved 19bp YoY to 3.20%. Company issued $500M subordinated notes in May 2026 at 6.219%, redeemed $300M notes in June. CRE concentration ratio declined to 317% of capital from 329%. Non-performing assets increased $28.2M to $467.8M; allowance for credit losses $606.9M (1.16% of loans). Repurchased 1.5M shares at $13.40 average.
Why this rating
Solid operational execution with loan/deposit growth and NIM expansion. Events modest in scale relative to $5B market cap; routine quarterly performance with no transformational developments.
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