Announcement • Jul 07
Valley National Bancorp to Report Q2, 2026 Results on Jul 23, 2026 Valley National Bancorp announced that they will report Q2, 2026 results Pre-Market on Jul 23, 2026 Upcoming Dividend • Jun 08
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 01 July 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.6%). Declared Dividend • May 21
First quarter dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 15th June 2026 Payment date: 1st July 2026 Dividend yield will be 3.4%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (39% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 20
Valley National Bancorp announces Quarterly dividend, payable on July 01, 2026 Valley National Bancorp announced Quarterly dividend of USD 0.1100 per share payable on July 01, 2026, ex-date on June 15, 2026 and record date on June 15, 2026. Announcement • Apr 08
Valley National Bancorp to Report Q1, 2026 Results on Apr 23, 2026 Valley National Bancorp announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 23, 2026 Announcement • Mar 02
Valley National Bancorp, Annual General Meeting, May 18, 2026 Valley National Bancorp, Annual General Meeting, May 18, 2026. Announcement • Feb 25
Valley National Bancorp Declares Its Regular Quarterly Common Stock Dividend, Payable on April 1, 2026 Valley National Bancorp announced a cash dividend of $0.11 per share will be paid April 1, 2026 on Valley’s common stock. The declared quarterly dividends to shareholders of record on March 13, 2026. Announcement • Jan 09
Valley National Bancorp to Report Q4, 2025 Results on Jan 29, 2026 Valley National Bancorp announced that they will report Q4, 2025 results Pre-Market on Jan 29, 2026 Announcement • Nov 19
Valley National Bancorp Appoints Curt Lang as Chief Banking Officer for New Jersey Valley National Bancorp announced a new appointment. The company has appointed Curt Lang as chief banking officer for New Jersey. Lang will lead the strategic direction and drive the growth of the firm's commercial banking portfolio across the state. The move comes as part of Valley's ongoing commercial banking growth and expansion strategy. Lang was most recently with MT Bank, where he served as senior vice president and regional head of commercial banking for New Jersey. During his career, he has also held leadership and relationship management roles with Citizens Bank of Pennsylvania, Provident Bank in Baltimore, and SouthTrust Bank in Huntsville, Alabama. Announcement • Nov 12
Valley National Bank Appoints Mark Glasky as California Market President Valley National Bancorp has hired Mark Glasky as its California Market President. Glasky will lead the bank’s strategic growth initiatives and commercial client partnerships while expanding Valley’s presence across California and the western United States.
In his new role, Glasky will oversee Valley’s California banking team and report to Matt Weidle, Regional President for Valley Bank’s Midwest and West Coast markets. The California team includes 25 experienced professionals serving a robust portfolio of commercial and middle-market clients across a range of industries. Glasky joins Valley with more than 40 years of commercial banking experience, most recently as managing director, West Coast Diversified Industries, at BMO (formerly Bank of the West). In that role, he helped oversee integration of Bank of the West and BMO and led the bank’s West Coast expansion efforts. During this time at Bank of the West, he also directed national commercial banking strategy across 41 offices, managing more than $20 billion in loans and deposits. Prior to BMO, Glasky served as senior vice president at Bank of America. Glasky earned his business degree from the University of Southern California and MBA from the University of Texas at Austin. He is an active member of the Southern California community, previously serving as a national trustee at Boys & Girls Clubs of America and board member at California Community Reinvestment Corporation. Announcement • Nov 10
Valley Bank Names Matthew Verney as Chief Banking Officer for Philadelphia and South Jersey Markets Valley Bank, a unit of New Jersey-based Valley National Bancorp, has announced the appointment of a chief banking officer for Philadelphia and South Jersey markets. The firm has appointed Matthew Verney to the position. Verney will be responsible for leading the strategic direction and performance of the bank's commercial expansion. Verney has more than 13 years of banking experience. Announcement • Nov 04
Valley National Bancorp Announces Executive Changes Valley National Bancorp announced the appointment of Terry M. Keating as Head of Asset-Based Lending (ABL). In this role, Keating will oversee the continued growth and strategic direction of Valley’s ABL platform, which provides flexible financing solutions for middle-market companies across a wide range of industries. Keating brings more than three decades of experience in commercial finance, specialty lending, growth and organizational development, including 25 years in commercial banking. Most recently, he was Chief Executive Officer of Access Capital leading the specialty asset-based lender through a period of transition and growth. Previously, he was President and CEO of Accord Financial’s U.S. Asset Finance unit, where he helped build and scale the firm’s U.S. lending operations. He spent 18 years with ABN AMRO and its U.S. subsidiary LaSalle Bank, where he started and built a specialty lending division into a $500mln portfolio, with clients nationwide. Based in New York City, Keating will lead the ABL team in delivering tailored financing structures to support working-capital growth, acquisitions, and recapitalizations for lower- and middle-market businesses. He is an active member of the Secured Finance Network, serving on its Industry Data Committee, DEI Committee, and Mentoring Program, and also serves on the boards of the New York Chapter of SFNet and the New York Institute of Credit. Keating succeeds John DePledge, who is retiring after a long and distinguished career in asset-based lending. DePledge joined Valley in 2019 and was instrumental in establishing and growing the bank’s ABL platform, building a talented team and strong foundation for continued success. Announcement • Oct 23
Valley National Bancorp Reports Net Charge-Offs for the Third Quarter Ended September 30, 2025 Valley National Bancorp reported net charge-offs for the third quarter ended September 30, 2025. For the quarter, the company reported Net loan charge-offs of $14.6 million as compared to $37.8 million and $42.9 million for the second quarter 2025 and third quarter 2024, respectively. Announcement • Oct 22
Valley National Bancorp Declares Its Regular Quarterly Common Stock Dividend, Payable on January 2, 2026 Valley National Bancorp announced a cash dividend of $0.11 per share will be paid January 2, 2026 on Valley’s common stock. The declared quarterly dividends to shareholders of record on December 15, 2025. Announcement • Sep 23
Valley National Bancorp to Report Q3, 2025 Results on Oct 23, 2025 Valley National Bancorp announced that they will report Q3, 2025 results Pre-Market on Oct 23, 2025 Announcement • Jul 24
Valley National Bancorp Reports Net Charge-Offs for the Second Quarter Ended June 30, 2025 Valley National Bancorp reported net charge-offs for the second quarter ended June 30, 2025. For the quarter, Company reports total net charge-offs of $37,829,000 as compared to $36,839,000 a year ago. Announcement • Jul 23
Valley National Bancorp Declares Its Regular Quarterly Common Stock Dividend, Payable on October 1, 2025 Valley National Bancorp announced a cash dividend of $0.11 per share will be paid October 1, 2025 on Valley’s common stock. The declared quarterly dividend to shareholders of record on September 15, 2025. Announcement • Jul 02
Valley National Bancorp Announces Executive Changes Valley National Bancorp announced that Lyndsey Sloan has joined the company as Senior Executive Vice President, General Counsel. In this role, Ms. Sloan will oversee the legal function at Valley and serve as a strategic advisor to executive management and the Board of Directors. Ms. Sloan brings over two decades of legal and leadership experience in the financial services and technology sectors. Most recently, she served as Deputy General Counsel at The Huntington National Bank, where she led a 30-attorney team advising across business lines and functions. Her background includes overseeing regulatory relations, advising on numerous transactions, launching an enterprise-wide patent program to support innovation, and serving as Corporate Secretary to the Board of Directors. Earlier in her career, Ms. Sloan was General Counsel for Global Technology Finance and for a global software company, where she helped lead the sale of the business to its largest competitor. Ms. Sloan succeeds Gary Michael, who has retired after more than 19 years of dedicated service to Valley. Announcement • Jun 30
Valley National Bancorp(NasdaqGS:VLY) dropped from Russell 2000 Dynamic Index Valley National Bancorp(NasdaqGS:VLY) dropped from Russell 2000 Dynamic Index Announcement • Jun 10
Valley National Bancorp to Report Q2, 2025 Results on Jul 24, 2025 Valley National Bancorp announced that they will report Q2, 2025 results Pre-Market on Jul 24, 2025 Announcement • May 22
Valley National Bancorp Announces Ira Robbins Will Assume the Additional Role of President, Effective June 30, 2025 Valley National Bancorp announced that Ira Robbins, the Company’s Chief Executive Officer, will assume the additional role of President of the Company effective June 30, 2025. Announcement • May 21
Valley National Bancorp Declares Its Regular Quarterly Common Stock Dividends, Payable on July 1, 2025 Valley National Bancorp announced its regular common dividends. The declared quarterly dividends to shareholders of record on June 13, 2025 are as follows: A cash dividend of $0.11 per share will be paid July 1, 2025 on Valley’s common stock. The common stock cash dividend amount per share was unchanged as compared to the previous quarter dividend. The common cash dividend should not be used as an indicator of future dividends to Valley’s common stockholders. Announcement • Apr 25
Valley National Bancorp Reports Net Charge-Offs for the First Quarter Ended March 31, 2025 Valley National Bancorp reported net charge-offs for the first quarter ended March 31, 2025. For the quarter, Company reports total net charge-offs of $41,949,000 as compared to $23,555,000 a year ago. Announcement • Apr 07
Valley National Bancorp, Annual General Meeting, May 20, 2025 Valley National Bancorp, Annual General Meeting, May 20, 2025. Announcement • Mar 26
Valley National Bancorp to Report Q1, 2025 Results on Apr 24, 2025 Valley National Bancorp announced that they will report Q1, 2025 results Pre-Market on Apr 24, 2025 Announcement • Feb 20
Valley National Bancorp Declares Cash Dividend on Common Stock, Payable on April 1, 2025 Valley National Bancorp announced its regular cash dividend of $0.11 per share will be paid April 1, 2025 on Valley’s common stock. The declared quarterly dividend to shareholders is of record on March 14, 2025. Announcement • Jan 30
Valley National Bancorp Announces Avner Mendelson, A Non-Employee Director Intention to Retire On January 24, 2025, Valley National Bancorp announced Avner Mendelson, a non-employee director on the board of directors of Valley National Bancorp, notified the Company of his intention to resign from the Board effective immediately. Mr. Mendelson was appointed to the Board as the designee of Bank Leumi Le-Israel B.M. pursuant to the terms of the Investor Rights Agreement, dated as of April 1, 2022, by and between the Company and Bank Leumi. Mr. Mendelson’s resignation from the Board is not due to any disagreement between Mr. Mendelson and the Company, Valley National Bank or management. Announcement • Jan 23
Valley National Bancorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2024 Valley National Bancorp reported net charge-offs for the fourth quarter ended December 31, 2024. For the period, Company reports Net loan charge-offs totaled $98.3 million as compared to $42.9 million and $17.5 million for the third quarter 2024 and fourth quarter 2023, respectively. Announcement • Jan 08
Valley National Bancorp to Report Q4, 2024 Results on Jan 23, 2025 Valley National Bancorp announced that they will report Q4, 2024 results Pre-Market on Jan 23, 2025 Announcement • Dec 14
Valley National Bancorp and Valley National Bank Announce Retirement of Thomas A. Iadanza as President, Effective June 30, 2025 On December 11, 2024, Thomas A. Iadanza notified Valley National Bancorp (the “Company”) of his intention to retire from his position as President of the Company and Valley National Bank after 13 years with the Company and more than 45 years working in the banking industry. Mr. Iadanza will remain in his role as President until his retirement effective June 30, 2025 working with the Board of Directors and executive leadership team to facilitate a seamless transition of his duties and responsibilities. In his role as President, Mr. Iadanza has helped to lead Valley’s growth efforts and evolution to a leading regional bank. Mr. Iadanza joined Valley through the 2012 acquisition of State Bancorp Inc. (“State”) where he served as Chief Lending Officer. Prior to joining State, Mr. Iadanza held leadership roles at Santander Bank, N.A., Independence Community Bank Corp., Citibank, and European American Bank. Announcement • Dec 11
Valley Bank Appoints Gail Castellano as Senior Vice President and Division Head Valley Bank announced the appointment of Gail Castellano as Senior Vice President and Division Head to lead the Bank’s expansion into Staten Island. With more than 30 years of banking experience, Castellano will be responsible for assembling and developing a strong team of trusted advisors and relationship bankers while leading business development, community service efforts, and strategic initiatives throughout the region. Also joining the Valley team in Staten Island are three veteran bankers: Rita Pirrone as Vice President and Market Manager, Narmada Tissera as Vice President, Retail Business Development Officer and Mark Giacalone, Vice President, Business Banker II. Prior to joining Valley, Castellano had a 30-year career at Flagstar/New York Community Bank. Most recently she was a First Senior Vice President and Regional Executive overseeing 16 branch locations, with more than $2 billion on deposit. Over the years, her responsibilities encompassed business development, community service, banking operations and retail services in the Staten Island market. Dedicated to the Staten Island community, Castellano serves on the Executive Board of the Jewish Community Center of Staten Island, is a Director for the Staten Island Chamber of Commerce Foundation and the St. George Theatre. She is also a member of the Wagner College DaVinci Society Executive Committee and the co-chair of the Lucille & Jay Chazanoff Sunrise Day Camp Walk. Announcement • Nov 19
Valley National Bancorp Declares Quarterly Dividend on Common Stock, Payable on January 2, 2025 Valley National Bancorp announced its regular common dividend. The declared quarterly dividend to shareholders of record on December 13, 2024 are as follows: A cash dividend of $0.11 per share will be paid January 2, 2025 on Valley’s common stock. The common stock cash dividend amount per share was unchanged as compared to the previous quarter dividend. The common cash dividend should not be used as an indicator of future dividends to Valley’s common stockholders. New Risk • Nov 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (20% net profit margin). Shareholders have been diluted in the past year (10% increase in shares outstanding). Announcement • Nov 08
Valley National Bancorp has filed a Follow-on Equity Offering. Valley National Bancorp has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock Announcement • Oct 27
Valley National Bancorp Reports Net Charge-Offs for the Third Quarter Ended September 30, 2024 Valley National Bancorp reported net charge-offs for the third quarter ended September 30, 2024. For the period, the company reported total net charge-offs of $42,908,000 against $5,478,000 a year ago. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: US$0.18 (vs US$0.27 in 3Q 2023) Third quarter 2024 results: EPS: US$0.18 (down from US$0.27 in 3Q 2023). Revenue: US$390.3m (down 15% from 3Q 2023). Net income: US$91.7m (down 33% from 3Q 2023). Profit margin: 24% (down from 30% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year. Announcement • Sep 10
Valley National Bancorp to Report Q3, 2024 Results on Oct 24, 2024 Valley National Bancorp announced that they will report Q3, 2024 results Pre-Market on Oct 24, 2024 Upcoming Dividend • Sep 09
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 01 October 2024. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.6%). Declared Dividend • Aug 26
Second quarter dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 13th September 2024 Payment date: 1st October 2024 Dividend yield will be 5.7%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (62% payout ratio) and is expected to be covered in 3 years' time (42% forecast payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 21
Valley National Bancorp Declares Regular Quarterly Common Stock Dividend, Payable on October 1, 2024 Valley National Bancorp announced a cash dividend of $0.11 per share will be paid October 1, 2024 on Valley’s common stock. The declared quarterly dividends to shareholders of record on September 13, 2024. The common stock cash dividend amount per share was unchanged as compared to the previous quarter dividend. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: US$0.13 (vs US$0.27 in 2Q 2023) Second quarter 2024 results: EPS: US$0.13 (down from US$0.27 in 2Q 2023). Revenue: US$365.0m (down 22% from 2Q 2023). Net income: US$66.3m (down 51% from 2Q 2023). Profit margin: 18% (down from 29% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. New Risk • Jul 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 22% Last year net profit margin: 32% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (22% net profit margin). Significant insider selling over the past 3 months (€350k sold). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €7.15, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 24% over the past three years. Announcement • Jul 10
Valley National Bancorp to Report Q2, 2024 Results on Jul 25, 2024 Valley National Bancorp announced that they will report Q2, 2024 results Pre-Market on Jul 25, 2024 Announcement • Jun 08
Valley National Bancorp Announces Executive Changes, Effective June 21, 2024 On June 3, 2024, Mr. Raja A. Dakkuri provided Valley National Bancorp (the “Company”) with notice of his intent to resign from his position as Senior Executive Vice President—Chief Risk Officer of the Company effective June 21, 2024. The Board has appointed Mr. John P. Regan as Senior Executive Vice President—Chief Risk Officer of the Company effective following Mr. Dakkuri’s resignation. Mr. Regan will succeed Raja A. Dakkuri, who is leaving Valley to pursue another professional opportunity outside the banking industry. Mr. Dakkuri will remain in the position until Mr. Regan joins to ensure an orderly transition. Mr. Regan will report directly to Ira Robbins, Chief Executive Officer and Chairman of Valley. In his role, Mr. Regan will oversee all aspects of Valley’s enterprise risk management program. Mr. Regan is a veteran banking industry audit and risk management executive with over 30 years of experience leading banking teams for global, regional, and community banks. Mr. Regan is a former Senior Partner of KPMG LLP, where he was responsible for coordinating KPMG’s New York Metro Banking Audit Practice, and was also a lead partner for various global and regional banks until his departure from KPMG in 2015. Most recently, Mr. Regan served as Chief Audit Officer for the New York banking operations of Industrial and Commercial Bank of China from 2022 until 2024. Prior to that, Mr. Regan held the position of Chief Audit Executive at Investors Bancorp from 2016 until 2022. Declared Dividend • Jun 03
First quarter dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 13th June 2024 Payment date: 2nd July 2024 Dividend yield will be 6.6%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (52% payout ratio) and is expected to be covered in 3 years' time (42% forecast payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 12% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 31
Valley National Bancorp Declares Regular Quarterly Cash Dividends on Common Stock Dividends, Payable on July 2, 2024 Valley National Bancorp declared quarterly cash dividends to shareholders of record on June 13, 2024 of $0.11 per share will be paid July 2, 2024 on Valley’s common stock. The common stock cash dividend amount per share was unchanged as compared to the previous quarter dividend. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$0.18 (vs US$0.28 in 1Q 2023) First quarter 2024 results: EPS: US$0.18 (down from US$0.28 in 1Q 2023). Revenue: US$404.2m (down 14% from 1Q 2023). Net income: US$92.2m (down 35% from 1Q 2023). Profit margin: 23% (down from 30% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Apr 12
Valley National Bancorp to Report Q1, 2024 Results on Apr 25, 2024 Valley National Bancorp announced that they will report Q1, 2024 results Pre-Market on Apr 25, 2024 Announcement • Apr 06
Valley National Bancorp, Annual General Meeting, May 21, 2024 Valley National Bancorp, Annual General Meeting, May 21, 2024, at 09:00 Eastern Daylight. Agenda: To consider election of 14 directors; to consider an advisory, non-binding vote to approve named executive officers’ compensation; to consider ratification of the selection of KPMG LLP as Valley’s independent registered public accounting firm for the fiscal year ending December 31, 2024; and to consider a shareholder proposal to provide shareholders with the right to ratify executive termination pay if properly presented at the Annual Meeting. Recent Insider Transactions • Mar 14
Senior Executive Vice President recently sold €372k worth of stock On the 11th of March, Joseph Chillura sold around 50k shares on-market at roughly €7.49 per share. This transaction amounted to 8.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.6m more than they bought in the last 12 months. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 02 April 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.8%). Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: US$0.95 (vs US$1.15 in FY 2022) Full year 2023 results: EPS: US$0.95 (down from US$1.15 in FY 2022). Revenue: US$1.82b (up 1.7% from FY 2022). Net income: US$482.4m (down 13% from FY 2022). Profit margin: 27% (down from 31% in FY 2022). The decrease in margin was driven by higher expenses. Non-performing loans: 0.58% (up from 0.57% in FY 2022). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 26
Fourth quarter dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 13th March 2024 Payment date: 2nd April 2024 Dividend yield will be 5.4%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (46% payout ratio) and is expected to be well covered in 3 years' time (37% forecast payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 26% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 22
Valley National Bancorp Announces Regular Quarterly Cash Dividend, Payable on April 2, 2024 Valley National Bancorp announced regular quarterly cash dividend of $0.11 per share will be paid April 2, 2024 on the company’s common stock to shareholders of record on March 14, 2024. New Risk • Feb 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Significant insider selling over the past 3 months (€463k sold). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €7.45, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in Europe. Total loss to shareholders of 12% over the past three years. Reported Earnings • Jan 25
Full year 2023 earnings released: EPS: US$0.95 (vs US$1.15 in FY 2022) Full year 2023 results: EPS: US$0.95 (down from US$1.15 in FY 2022). Revenue: US$1.82b (up 1.7% from FY 2022). Net income: US$482.4m (down 13% from FY 2022). Profit margin: 27% (down from 31% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Announcement • Jan 25
Valley National Bancorp Reports Net Charge-Offs Results for the Fourth Quarter Ended December 31, 2023 Valley National Bancorp reported net charge-offs results for the fourth quarter ended December 31, 2023. For the quarter, the company reported total net charge-offs of $17,491,000 against $22,442,000 a year ago. Announcement • Jan 16
Valley National Bancorp to Report Q4, 2023 Results on Jan 25, 2024 Valley National Bancorp announced that they will report Q4, 2023 results Pre-Market on Jan 25, 2024 Recent Insider Transactions • Dec 14
Insider recently sold €463k worth of stock On the 8th of December, Joseph Chillura sold around 50k shares on-market at roughly €9.25 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €796k. Insiders have been net sellers, collectively disposing of €280k more than they bought in the last 12 months. Announcement • Dec 07
Valley National Bancorp Announces Regular Cash Dividend on its Common Stock, Payable on January 3, 2024 Valley National Bancorp announced regular cash dividend of $0.11 per share will be paid on January 3, 2024 on its common stock to shareholders of record on December 14, 2023. Recent Insider Transactions • Nov 17
Insider recently sold €796k worth of stock On the 14th of November, Joseph Chillura sold around 100k shares on-market at roughly €7.96 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €183k more than they sold in the last 12 months. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$0.27 (vs US$0.35 in 3Q 2022) Third quarter 2023 results: EPS: US$0.27 (down from US$0.35 in 3Q 2022). Revenue: US$457.8m (down 9.4% from 3Q 2022). Net income: US$137.2m (down 22% from 3Q 2022). Profit margin: 30% (down from 35% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Announcement • Sep 21
Valley National Bancorp Appoints Kathleen C. Perrott as A Director On September 18, 2023, the board of directors (the board) of Valley National Bancorp increased the size of the Board from 13 to 14 members and, upon the recommendation of the nominating, governance and corporate sustainability committee of the board, appointed Kathleen C. Perrott as a director of the company to fill the vacancy created by such increase, to serve until the next annual meeting of stockholders of the company. Ms. Perrott was also appointed to the audit committee and the risk committee of the board. Ms. Perrott served as Chief Audit Executive at Accenture LLP (Accenture) from September 2014 to August 2020 and retired from the firm in February 2021. In her Chief Audit Executive role, Ms. Perrott led Accenture’s global internal audit function, where she, among other things, digitized the firm’s processes and developed its analytics capability to optimize risk assessment efforts and continuous monitoring, and she also developed a comprehensive approach to evaluating the management of integration and post-merger risks. Prior to taking on the role of Chief Audit Executive, Ms. Perrott held a number of roles of increasing responsibility at Accenture, including as Global Finance Lead for several different functional service lines from 1992 to 2003, Technology Chief Financial Officer (“CFO”) from 2003 to 2009, North America CFO from 2009 to 2012, and Internal Audit Managing Director from 2012 to 2014. Prior to joining Accenture, Ms. Perrott served in various public accounting roles in the external audit practice of Arthur Andersen & Co. from 1985 to 1992. Ms. Perrott earned a B.A. in Political Science with a concentration in Accounting from Duke University. Ms. Perrott has served on the Board of Directors of Clearwater Marine Aquarium, a non-profit organization committed to the rescue, rehab and release of injured marine life, since 2021, and as Vice Chair since 2022. She has also served on the Finance Advisory Board for the town of Belleair, Florida since 2022 and on the Board of Directors of Morton Plant Mease Healthcare Foundation since 2023. Announcement • Sep 20
Valley National Bancorp to Report Q3, 2023 Results on Oct 26, 2023 Valley National Bancorp announced that they will report Q3, 2023 results at 9:30 AM, US Eastern Standard Time on Oct 26, 2023 Upcoming Dividend • Sep 06
Upcoming dividend of US$0.11 per share at 4.7% yield Eligible shareholders must have bought the stock before 13 September 2023. Payment date: 02 October 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.2%). Announcement • Aug 15
Valley National Bancorp Declares Regular Quarterly Dividend, Payable on October 2, 2023 Valley National Bancorp declared quarterly cash dividend of $0.11 per share will be paid October 2, 2023 on Valley’s common stock. The declared quarterly dividend to shareholders of record on September 14, 2023. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.27 (vs US$0.18 in 2Q 2022) Second quarter 2023 results: EPS: US$0.27 (up from US$0.18 in 2Q 2022). Revenue: US$468.8m (up 9.1% from 2Q 2022). Net income: US$135.0m (up 45% from 2Q 2022). Profit margin: 29% (up from 22% in 2Q 2022). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €8.40, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.50 per share. Announcement • Jul 13
Valley National Bancorp to Report Q2, 2023 Results on Jul 27, 2023 Valley National Bancorp announced that they will report Q2, 2023 results Pre-Market on Jul 27, 2023 New Risk • Jun 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €8.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 22% over the past three years. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.11 per share at 5.2% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 03 July 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.2%). Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €7.15, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 8.4% over the past three years. Announcement • May 24
Valley National Bancorp Declares Regular Quarterly Dividend on Common Stock, Payable on July 3, 2023 Valley National Bancorp announced its regular common cash dividend of $0.11 per share will be paid July 3, 2023 on Valley’s common stock. The declared quarterly dividend to shareholders of record on June 15, 2023. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €6.15, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 2.9% over the past three years. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.28 (vs US$0.27 in 1Q 2022) First quarter 2023 results: EPS: US$0.28 (up from US$0.27 in 1Q 2022). Revenue: US$471.6m (up 35% from 1Q 2022). Net income: US$142.7m (up 26% from 1Q 2022). Profit margin: 30% (down from 32% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 19
Independent Director recently bought €480k worth of stock On the 14th of March, Jennifer Steans bought around 50k shares on-market at roughly €9.60 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €981k more in shares than they have sold in the last 12 months. Reported Earnings • Mar 06
Full year 2022 earnings released: EPS: US$1.15 (vs US$1.13 in FY 2021) Full year 2022 results: EPS: US$1.15 (up from US$1.13 in FY 2021). Revenue: US$1.79b (up 36% from FY 2021). Net income: US$555.7m (up 21% from FY 2021). Profit margin: 31% (down from 35% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.45% (up from 3.17% in FY 2021). Cost-to-income ratio: 50.5% (up from 48.5% in FY 2021). Non-performing loans: 0.57% (down from 0.70% in FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 14% per year. Recent Insider Transactions • Feb 26
Lead Independent Director recently sold €67k worth of stock On the 21st of February, Andrew Abramson sold around 6k shares on-market at roughly €11.15 per share. This transaction amounted to 2.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €64k more than they bought in the last 12 months. Announcement • Jan 28
Valley National Bancorp Reports Consolidated Net Charge-Offs for the Fourth Quarter Ended December 31, 2022 Valley National Bancorp reported consolidated net charge-offs for the fourth quarter ended December 31, 2022. For the quarter, the company reported net loan charge-offs totaled $22.4 million, largely due to the partial charge-off of a single non-performing loan, as compared to net recoveries of loan charge-offs of $5.6 million and $624 thousand for the third quarter 2022 and fourth quarter 2021, respectively. Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$1.15 (vs US$1.13 in FY 2021) Full year 2022 results: EPS: US$1.15 (up from US$1.13 in FY 2021). Revenue: US$1.79b (up 36% from FY 2021). Net income: US$555.7m (up 21% from FY 2021). Profit margin: 31% (down from 35% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jan 25
Valley National Bancorp Announces Resignation of Ronen Agassi as Director On January 20, 2023, Ronen Agassi, a non-employee director on the board of directors (the Board") of Valley National Bancorp, notified the Company of his intention to resign from the Board effective February 28, 2023. Mr. Agassi was appointed to the Board as the designee of Bank Leumi Le-Israel B.M. (Bank Leumi") pursuant tothe terms of the Investor Rights Agreement, dated as of April 1, 2022, by and between the Company and BankLeumi. Mr. Agassi, currently Head of the Corporate Division of the LeumiGroup, has tendered his resignation inconnection with his acceptance of a position with a new employer. Mr. Agassi's resignation from the Board isnot due to any disagreement between Mr. Agassi and the Company. Announcement • Jan 18
Valley National Bancorp to Report Q4, 2022 Results on Jan 26, 2023 Valley National Bancorp announced that they will report Q4, 2022 results Pre-Market on Jan 26, 2023 Upcoming Dividend • Dec 07
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 03 January 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.3%). Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.35 (vs US$0.29 in 3Q 2021) Third quarter 2022 results: EPS: US$0.35 (up from US$0.29 in 3Q 2021). Revenue: US$505.1m (up 50% from 3Q 2021). Net income: US$174.9m (up 47% from 3Q 2021). Profit margin: 35% (in line with 3Q 2021). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 03 October 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.6%). Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: US$0.18 (vs US$0.29 in 2Q 2021) Second quarter 2022 results: EPS: US$0.18 (down from US$0.29 in 2Q 2021). Revenue: US$429.5m (up 29% from 2Q 2021). Net income: US$93.2m (down 21% from 2Q 2021). Profit margin: 22% (down from 35% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 34%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (6.2%). Reported Earnings • May 01
First quarter 2022 earnings released: EPS: US$0.27 (vs US$0.28 in 1Q 2021) First quarter 2022 results: EPS: US$0.27. Revenue: US$350.5m (up 12% from 1Q 2021). Net income: US$113.6m (flat on 1Q 2021). Profit margin: 32% (down from 36% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 31%, compared to a 9.0% growth forecast for the industry in Germany. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$1.13 (up from US$0.94 in FY 2020). Revenue: US$1.32b (up 14% from FY 2020). Net income: US$461.2m (up 22% from FY 2020). Profit margin: 35% (up from 33% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.17% (up from 3.03% in FY 2020). Cost-to-income ratio: 48.5% (up from 47.4% in FY 2020). Non-performing loans: 0.70% (up from 0.58% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 27%, compared to a 9.3% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Jan 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$1.13 (up from US$0.94 in FY 2020). Revenue: US$1.32b (up 14% from FY 2020). Net income: US$461.2m (up 22% from FY 2020). Profit margin: 35% (up from 33% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 25%, compared to a 11% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS US$0.29 (vs US$0.25 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$336.8m (up 13% from 3Q 2020). Net income: US$119.4m (up 20% from 3Q 2020). Profit margin: 35% (up from 33% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 16% share price gain to €11.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Banks industry in Europe. Total returns to shareholders of 36% over the past three years. 
