VALLEY NATIONAL BANCORP (VLY) Form 10-Q — Aug 6, 2026

$VLYForm 10-QFiled Aug 6, 2026, 4:15 PM ET0000714310-26-000041Original filing

Valley National Bancorp reported second quarter 2026 net income of $170.9 million, or $0.29 per diluted common share, up from $133.2 million, or $0.22 per diluted share, in the second quarter of 2025. The $37.7 million improvement was driven by a $54.6 million increase in net interest income, an $11.1 million rise in non-interest income, and an $8.6 million lower provision for credit losses, partially offset by $27.0 million of higher expenses. Net interest margin expanded 19 basis points year over year to 3.20% for the quarter.

Key figures

Eps: $0.29 diluted (Q2 2026) vs $0.22 (Q2 2025); $0.57 diluted for 1H 2026 vs $0.40
Guidance: FY2026 NII growth at high end of 11-13% range; deposit growth near high end of 5-7%; CET1 near midpoint of 10.50-11.00% range through December 31, 2026; effective tax rate at low end of 23-24% for remainder of 2026
Net Income: $170.9 million (Q2 2026) vs $133.2 million (Q2 2025); $334.8 million for 1H 2026
Total Debt: $3.1 billion total borrowings (short-term $433.5M, long-term $2,607.2M, junior subordinated debentures $58.0M)
Total Assets: $66.3 billion
Cash Position: $966.9 million cash and cash equivalents at June 30, 2026
Shares Outstanding: 552,605,226 (as of August 5, 2026)
Roatce q2: 11.91%
Cet1 ratio: 10.71%
Total loans: $52.5 billion (+$1.6 billion QoQ, 12.9% annualized)
Acl for loans: $606.9 million (1.16% of loans)
Total deposits: $54.1 billion (+$1.3 billion QoQ)
Nonaccrual loans: $462.6 million (0.88% of total loans, up from 0.85% at March 31, 2026)
Net charge offs q2: $22.0 million
Uninsured deposits: approximately $15.0 billion (28% of total deposits)
Efficiency ratio q2: 52.11%
Return on assets q2: 1.04%
Return on equity q2: 8.65%
Book value per share: $13.67
Share repurchases q2: 1.5 million shares at an average price of $13.40
Tier 1 leverage ratio: 9.49%
Net interest income q2: $487.0 million (+$54.6 million YoY)
Non interest income q2: $73.7 million (+$11.1 million YoY)
Cre concentration ratio: 317% of total risk-based capital (down from 329% at March 31, 2026)
Net interest margin fte: 3.20% (Q2 2026) vs 3.01% (Q2 2025)
Non interest expense q2: $311.1 million (+$27.0 million YoY)
Subordinated notes issued: $500 million of 6.219% fixed-to-floating rate notes (May 2026)
Subordinated notes redeemed: $300 million of 3.00% fixed-to-floating rate notes (June 15, 2026)
Tangible book value per share: $10.13
Provision for credit losses q2: $29.2 million (vs $37.8 million Q2 2025)
Total risk based capital ratio: 13.77%

Price after filing

1 day: +0.6%7 days: +3.8%30 days: -3.1%

Close on the filing date to close N calendar days later (from $14.47). Historical, not a forecast.

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