Valley National Bancorp (NASDAQ:VLY) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Valley National Bancorp (NASDAQ:VLY) issued its earnings results on Thursday. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01), FiscalAI reports. The business had revenue of $560.74 million for the quarter, compared to analyst estimates of $557.16 million. Valley National Bancorp had a net margin of 18.61% and a return on equity of 8.68%. Valley National Bancorp’s revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share.

Here are the key takeaways from Valley National Bancorp’s conference call:

• Valley posted a solid quarter with net income of $171 million ($0.29 per share) and adjusted EPS of $0.30, while adjusted pre-provision net revenue rose 6% sequentially to its highest level since late 2022.
• Core deposit growth was strong, including nearly $300 million of non-interest-bearing balances and $1.1 billion of total direct customer deposits, helping support the bank’s funding strategy despite a more competitive environment.
• Loan growth accelerated sharply by $1.6 billion in the quarter, led by C&I and owner-occupied CRE, while the company said its 2026 loan outlook now sits at or above the high end of guidance.
• Fee income remains a meaningful growth driver, with gains in capital markets, tax credit advisory, wealth management and trust; management now expects 2026 fee income growth toward the high end of its 6%–9% target range.
• Credit trends improved in aggregate, with criticized and classified assets falling to 7.3% of loans from 8.1% last quarter, though net charge-offs and provision both moved higher and non-accruals saw some bucket migration tied to CRE.

Valley National Bancorp Trading Down 0.2%

VLY stock traded down $0.04 during midday trading on Friday, reaching $14.41. The company’s stock had a trading volume of 2,817,948 shares, compared to its average volume of 7,255,799. The business’s 50-day simple moving average is $14.19 and its 200-day simple moving average is $13.23. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. Valley National Bancorp has a 52 week low of $8.95 and a 52 week high of $15.20. The stock has a market cap of $7.99 billion, a PE ratio of 12.99 and a beta of 1.03.

Valley National Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Valley National Bancorp’s payout ratio is 39.64%.

Insider Buying and Selling at Valley National Bancorp

In other news, COO Russell Barrett sold 90,537 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $13.54, for a total value of $1,225,870.98. Following the transaction, the chief operating officer directly owned 64,167 shares in the company, valued at $868,821.18. This trade represents a 58.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Mitchell L. Crandell sold 25,495 shares of Valley National Bancorp stock in a transaction on Friday, June 12th. The stock was sold at an average price of $14.63, for a total value of $372,991.85. Following the sale, the chief accounting officer directly owned 76,116 shares of the company’s stock, valued at approximately $1,113,577.08. This trade represents a 25.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.06% of the stock is owned by company insiders.

Institutional Trading of Valley National Bancorp

A number of hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC acquired a new position in Valley National Bancorp during the fourth quarter valued at approximately $26,000. Parallel Advisors LLC raised its holdings in Valley National Bancorp by 24.5% in the fourth quarter. Parallel Advisors LLC now owns 4,347 shares of the company’s stock worth $51,000 after purchasing an additional 855 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Valley National Bancorp by 244.7% in the second quarter. EverSource Wealth Advisors LLC now owns 5,884 shares of the company’s stock worth $53,000 after purchasing an additional 4,177 shares during the period. Danske Bank A S bought a new position in shares of Valley National Bancorp during the third quarter worth $55,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Valley National Bancorp by 52.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 6,961 shares of the company’s stock worth $82,000 after purchasing an additional 2,387 shares in the last quarter. 61.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley restated a “positive” rating on shares of Valley National Bancorp in a research note on Monday, June 29th. Hovde Group lifted their price objective on Valley National Bancorp from $16.00 to $16.50 and gave the company an “outperform” rating in a report on Tuesday, May 26th. TD Cowen restated a “buy” rating on shares of Valley National Bancorp in a research note on Wednesday, June 17th. National Bank Financial set a $17.50 target price on shares of Valley National Bancorp in a report on Wednesday, July 1st. Finally, Piper Sandler lifted their price target on shares of Valley National Bancorp from $16.00 to $16.50 and gave the company an “overweight” rating in a report on Friday, June 26th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.93.

Valley National Bancorp News Summary

Here are the key news stories impacting Valley National Bancorp this week:

• Positive Sentiment: Valley National Bancorp reported adjusted net income of $172.8 million, or $0.30 per share, with revenue of $560.74 million, which was slightly above Wall Street expectations and up 13.3% from the prior year. Valley National Bancorp Announces Second Quarter 2026 Results
• Positive Sentiment: The company’s second-quarter net income rose to $170.9 million from $133.2 million a year ago, showing continued earnings growth and improving operating performance. Valley National Bancorp 2026 Q2 – Results – Earnings Call Presentation
• Neutral Sentiment: Several recaps and comparison articles focused on how Valley National stacks up against peers and reviewed its quarterly metrics, but these were mainly informational and unlikely to drive the stock on their own. Valley National (VLY) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
• Neutral Sentiment: Peer-comparison coverage versus Southern Michigan Bancorp was largely a valuation and business-model review, with limited immediate impact on Valley National’s shares. Head to Head Review: Valley National Bancorp (NASDAQ:VLY) versus Southern Michigan Bancorp (OTCMKTS:SOMC)
• Negative Sentiment: GAAP EPS of $0.30 missed the consensus estimate of $0.31 by a penny, which likely explains some of the recent weakness in the stock despite otherwise decent results. Valley National (VLY) Lags Q2 Earnings Estimates

Valley National Bancorp Company Profile

Valley National Bancorp (NASDAQ: VLY) is a regional bank holding company headquartered in Wayne, New Jersey, offering a comprehensive suite of commercial and consumer banking products and services. Through its banking subsidiary, Valley National Bank, the company provides deposit accounts, residential and commercial lending, mortgage services, treasury and cash management, foreign exchange and trade finance solutions. Complementary wealth management and insurance offerings round out its financial services platform, catering to individual, small-business and corporate clients.

Tracing its roots to the establishment of Wayne National Bank in 1927, Valley has grown into one of the largest banks in New Jersey by both assets and deposit share.