Valley National Bancorp Stock Earnings Reports

Valley National reported a strong Q1 2026: net income of ~$164 million ($0.28 diluted) and adjusted net income of $169 million ($0.29). Management highlighted rising adjusted pre-provision net revenue, continued core deposit gathering (+$900M in direct customer deposits), and paydown of higher-cost wholesale funding, which helped reduce total deposit costs by 18 bps. Loan growth was healthy (nearly $700M, 5.5% annualized) led by owner‑occupied CRE (notably healthcare) and C&I; the company expects full‑year loan growth toward the midpoint-to-high end of its prior 4–6% guide. Travis Lan raised the outlook for net interest income growth to the higher end of prior guidance, expecting more acceleration in H2 and modest upside to consensus. Capital generation was strong (30+ bps in the quarter); management used ~1/3 of generated capital for buybacks but signaled buyback pace may moderate to preserve capital for loan opportunities while keeping CET1 toward the higher end of its 10.5%–11% target. Adjusted noninterest expense was roughly flat sequentially; efficiency improved to 53.1% with a target trending toward 50% in 2026. Asset quality remained stable: net charge-offs improved to 14 bps, allowance coverage ~1.2%, and criticized/classified balances expected to decline. Strategically, management emphasized building a higher‑quality funding franchise, relationship‑focused loan growth, scalable operating leverage, and embedding AI to boost productivity, risk monitoring, underwriting, and client experience.