Valley National Bancorp Non-cum Perp Red Pfd Registered Shs Series B Stock Earnings Reports

Valley National Bancorp reported strong Q3 2025 results with net income of ~$163M ($0.28/share), its highest quarterly profitability since 2022. Key drivers were robust core deposit growth (≈$1B in the quarter; ~110,000 new accounts over 12 months), lower reliance on brokered/indirect deposits (brokered now ~11% of deposits), net interest income and NIM improvement (sixth consecutive quarter of NIM expansion; target >3.1% for Q4'25), and continued noninterest income momentum (treasury management, tax credit advisory). Credit trends improved materially: lower provisions and net charge-offs, modest increase in nonaccruals driven mainly by one $35M construction/land loan (no expected loss) and updated appraisals; CRE cumulative losses remain well below peer stress forecasts. Balance sheet and capital: tangible book increased, CET1 ≈11%, share repurchases ($12M used to buy 1.3M shares) continue while management retains flexibility for buybacks vs. organic investment. Outlook and priorities: management expects continued NIM expansion into 2026 (another ~20 bps potential from Q4'25 to Q4'26), mid-single-digit loan growth in 2026 (4–6%), deposit growth outpacing loans (aim to reduce loan-to-deposit ratio from ~96% toward ~90% over time), low-single-digit expense growth and continued investments in commercial (including upmarket C&I, healthcare, capital call) and consumer/small business. They reaffirm the longer-term target of 15% ROTCE (expected by late 2027/early 2028) and see significant organic growth opportunities while keeping M&A optional and capital-allocation discipline. Risks remain tied to competitive funding/loan markets, interest-rate movements (which can accelerate payoffs), and commercial real estate dynamics in certain subsegments.