Welcome to our dedicated page for Valley National Bancorp news (Ticker: VLY), a resource for investors and traders seeking the latest updates and insights on Valley National Bancorp stock.
Valley National Bancorp (NYSE: VLY) is a bank holding company with Valley National Bank as its principal wholly-owned subsidiary. Specializing in commercial, retail, trust, and investment services, Valley National Bancorp operates through an extensive network of 213 branches and 254 ATMs across northern and central New Jersey, New York City, Long Island, Florida, and Alabama.
As a regional bank, Valley National Bank provides a full range of banking services to both individual consumers and businesses. These services include cash management, consumer and commercial lending, investment alternatives, insurance, and estate planning solutions. Clients can access these services through traditional branches, ATMs, and digital platforms such as online banking and mobile apps.
Valley National Bancorp is distinguished by its conservative approach, which aims to safeguard the interests of its customers, shareholders, and employees, particularly during uncertain economic times. This approach allows the bank to deliver not only a wide array of resources but also customized solutions akin to those offered by local community banks. Their commitment to outstanding customer service has cemented their reputation as a trustworthy financial institution.
In recent years, Valley National Bancorp has focused on strategic acquisitions to expand its footprint beyond traditional banking. This has included an emphasis on wealth and capital management services, aiming to provide comprehensive financial solutions to its diverse clientele. The bank's core business segments are commercial lending, consumer lending, investment management, and corporate adjustments, with the majority of its interest income derived from commercial lending activities.
In terms of financial performance, Valley National Bancorp has shown consistent growth. The company's interest income is presented on a tax-equivalent basis using a 21 percent federal tax rate. Loan portfolios are net of unearned income and include non-accrual loans. The bank also manages available for sale securities based on average historical amortized costs and includes junior subordinated debentures issued to capital trusts.
Valley National Bancorp regularly updates its stakeholders with quarterly earnings reports. As of the latest update, the bank will release its fourth quarter 2023 earnings on January 25, 2024. This will be followed by a conference call hosted by CEO Ira Robbins, providing insights into the company's financial health and future plans.
For more information, you can visit their official website at valleynationalbank.com.
Valley Bank has released its second annual Present and Future of Proptech Report, highlighting the resilience of the Proptech sector amidst economic challenges. In 2022, $4 billion was invested across 213 deals, with notable activity in transaction solutions and property management. The report emphasizes the ongoing transition towards sustainable building practices, with investments focusing on technology that enhances profitability. Key findings include that corporate participants engaged in 45 venture transactions totaling over $1.8 billion, and nontraditional players contributed to 86 deals worth nearly $3 billion. The report also advocates for improved sustainability in real estate operations.
Valley National Bancorp (NASDAQ:VLY) will announce its first quarter 2023 earnings on April 27, 2023, before market opening. CEO Ira Robbins will lead a conference call at 11:00 AM ET to discuss the results. Interested participants must pre-register to obtain the dial-in number and PIN for the call. The session will be available via live webcast and archived on their website until May 29, 2023. Valley National Bank, the main subsidiary, has over $57 billion in assets and operates numerous branches across several states, emphasizing customer support and community growth.
Valley National Bancorp (NASDAQ:VLY) announced regular dividends for shareholders of record on March 15, 2023, to be paid on March 30 and April 3, 2023. The dividends include a cash payment of $0.390625 per share for Non-Cumulative Perpetual Preferred Stock Series A, $0.519241 for Series B, and $0.11 per share for common stock. The common stock dividend remains unchanged from the previous quarter. Valley National Bank, with approximately $57 billion in assets, emphasizes customer service and community growth.
Valley National Bancorp (NASDAQ: VLY) reported a net income of $177.6 million, or $0.34 per diluted share, for Q4 2022, up from $115.0 million, or $0.27 per share, in Q4 2021. Adjusted net income was $182.9 million, or $0.35 per share. Total loans increased by $1.7 billion, reaching $46.9 billion, driven by robust commercial real estate growth. Net interest income rose to $467.2 million. However, non-interest income fell to $52.8 million. Credit quality
Valley National Bancorp (NASDAQ:VLY) will release its fourth quarter 2022 earnings on January 26, 2023, before the market opens. CEO Ira Robbins will host a conference call at 11:00 AM ET to discuss the results. Interested parties can pre-register via the link provided in the announcement to access dial-in details. A live webcast of the call will also be available, along with archived materials on Valley's website through February 27, 2023. Valley National Bank, with approximately $56 billion in assets, operates across multiple states, including New Jersey, New York, and Florida, focusing on customer service and community growth.
Valley National Bancorp (NASDAQ:VLY) declared its quarterly dividends for shareholders of record on December 15, 2022. The dividends include: $0.390625 per share for Non-Cumulative Perpetual Preferred Stock Series A and $0.458295 per share for Series B, both payable on December 30, 2022. Additionally, a cash dividend of $0.11 per share on common stock will be paid on January 3, 2023. Notably, the common stock dividend remains unchanged from the previous quarter.
Valley National Bancorp (NASDAQ:VLY) reported third-quarter 2022 net income of $178.1 million, equating to $0.34 per diluted share, up from $122.6 million or $0.29 per diluted share in Q3 2021. Adjusted net income was $181.5 million or $0.35 per diluted share. Net interest income rose $35.7 million to $455.3 million, driven by organic loan growth. Total loans increased $1.6 billion to $45.2 billion. Non-interest income fell to $56.2 million, while non-interest expenses decreased $38.1 million. The efficiency ratio improved to 49.76%.
Valley National Bancorp (NASDAQ:VLY) will announce its third quarter 2022 earnings on October 27, 2022, before market opening. CEO Ira Robbins will lead a conference call at 11:00 AM ET to discuss the results, accessible via toll-free number 800-715-9871, Conference ID: 9870349. The call will also be available through a live webcast and archived on Valley's website until November 28, 2022. Valley National Bank, a regional bank with over $54 billion in assets, operates across several states, emphasizing customer service and community support.
Valley National Bancorp (NASDAQ: VLY) has released its 2021 Corporate Social Responsibility (CSR) Report, showcasing over
Valley National Bancorp (NASDAQ:VLY) has announced the pricing of $150 million in 6.25% Fixed-to-Floating Rate Notes due 2032. The interest will be 6.25% until September 30, 2027, after which it will shift to a floating rate based on the Three-Month Term SOFR plus 278 basis points. Proceeds from the offering will finance social and green assets as per their Sustainable Financing Framework. The offering closes on September 20, 2022, with Piper Sandler and Morgan Stanley as joint managers.
FAQ
What is the current stock price of Valley National Bancorp (VLY)?
What is the market cap of Valley National Bancorp (VLY)?
What services does Valley National Bancorp offer?
Where are Valley National Bank's branches located?
What is Valley National Bancorp's approach to banking?
How can I access Valley National Bank's services?
What are the main business segments of Valley National Bancorp?
How does Valley National Bancorp communicate its financial performance?
What recent strategic focus has Valley National Bancorp adopted?
Who is the CEO of Valley National Bancorp?
What is the ticker symbol for Valley National Bancorp?
Where can I find more information about Valley National Bancorp?
