Valley National Bancorp Announces Third Quarter 2026 Results
Valley National Bancorp reported record Q3 2026 net income of $206.3 million, or $0.36 per diluted share, up from $170.9 million ($0.29) in Q2 and $163.4 million ($0.28) a year earlier. Net interest margin expanded 8 bps sequentially to 3.28%, the efficiency ratio improved to 49.38%, and ROATCE reached 14.24%; deposits grew $1.1 billion to $55.2 billion and loans rose to $53.2 billion. Credit costs ticked higher — net charge-offs of $37.1 million vs $22.0 million in Q2 and non-accrual loans up to 0.96% of loans — while the company repurchased 2.5 million shares at an average $13.86.
Key figures
- Eps
- 0.36
- Revenue
- 584151000
- Revenue Yoy
- 14.3%
- Roaa
- 1.24%
- Roatce
- 14.24%
- Nim fte
- 3.28%
- Cet1 ratio
- 10.71%
- Net income
- 206300000
- Total loans
- 53200000000
- Adjusted eps
- 0.36
- Net income qoq
- 170900000
- Net income yoy
- 163400000
- Total deposits
- 55200000000
- Net charge offs
- 37100000
- Efficiency ratio
- 49.38%
- Buyback avg price
- 13.86
- Nim change bps qoq
- 8
- Shares repurchased
- 2500000
- Adjusted net income
- 206400000
- Nonaccrual loans pct
- 0.96%
- Net interest income fte
- 506800000
- Provision for credit losses
- 30700000
AI analysis
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