VALLEY NATIONAL BANCORP (VLY) Form 8-K — Oct 22, 2026
Valley National Bancorp reported record third quarter 2026 net income of $206.3 million, or $0.36 per diluted share, up from $0.29 in Q2 2026 and $0.28 in Q3 2025. Net interest margin expanded 8 bps sequentially to 3.28%, total deposits grew $1.1 billion to $55.2 billion, and the efficiency ratio fell below 50% for the first time (49.38%). CEO Ira Robbins said the company remains on track to likely exceed its 15% ROATCE goal by end of 2027, and management updated 2026 guidance upward across most metrics including loans, deposits, and net interest income. Valley also repurchased 2.5 million shares at an average price of $13.86 during the quarter, returning $96 million to shareholders.
Key figures
- Eps
- 0.36
- Roa
- 1.24
- Roatce
- 14.24
- Revenue
- 584151000
- Cet1 Ratio
- 10.71%
- Net Income
- 206300000
- Revenue Yoy
- +14.3% (Q3 2026 total revenue $584.2M vs $511.1M in Q3 2025)
- Total Loans
- 53200000000
- Total Assets
- 67470879000
- Net Charge Offs
- 37100000
- Total Deposits
- 55200000000
- Efficiency Ratio
- 49.38
- Non Accrual Loans
- 0.96% of total loans ($511.4 million)
- Net Interest Margin
- 3.28% (FTE)
- Provision For Credit Losses
- 30700000
- Shares repurchased
- 2.5 million shares at average price of $13.86
- Capital returned q3
- $96 million ($291 million YTD)
- Pending acquisition assets
- $1.6 billion (Providence Financial Corporation)
- Tangible book value per share
- $10.15
AI analysis
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