Valley National Bancorp Management

Management criteria checks 3/4

Valley National Bancorp's CEO is Ira Robbins, appointed in Jan 2017, has a tenure of 7.25 years. total yearly compensation is $5.42M, comprised of 18.5% salary and 81.5% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth €4.20M. The average tenure of the management team and the board of directors is 6 years and 9.3 years respectively.

Key information

Ira Robbins

Chief executive officer

US$5.4m

Total compensation

CEO salary percentage	18.5%
CEO tenure	7.3yrs
CEO ownership	0.1%
Management average tenure	6yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ira Robbins's remuneration changed compared to Valley National Bancorp's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$432m
Dec 31 2023	US$5m	US$1m	US$482m
Sep 30 2023	n/a	n/a	US$589m
Jun 30 2023	n/a	n/a	US$627m
Mar 31 2023	n/a	n/a	US$585m
Dec 31 2022	US$6m	US$1m	US$556m
Sep 30 2022	n/a	n/a	US$494m
Jun 30 2022	n/a	n/a	US$438m
Mar 31 2022	n/a	n/a	US$462m
Dec 31 2021	US$5m	US$1m	US$461m
Sep 30 2021	n/a	n/a	US$451m
Jun 30 2021	n/a	n/a	US$431m
Mar 31 2021	n/a	n/a	US$406m
Dec 31 2020	US$5m	US$1m	US$378m
Sep 30 2020	n/a	n/a	US$311m
Jun 30 2020	n/a	n/a	US$290m
Mar 31 2020	n/a	n/a	US$271m
Dec 31 2019	US$4m	US$900k	US$297m
Sep 30 2019	n/a	n/a	US$336m
Jun 30 2019	n/a	n/a	US$324m
Mar 31 2019	n/a	n/a	US$320m
Dec 31 2018	US$3m	US$850k	US$249m
Sep 30 2018	n/a	n/a	US$198m
Jun 30 2018	n/a	n/a	US$168m
Mar 31 2018	n/a	n/a	US$147m
Dec 31 2017	US$3m	US$750k	US$152m

Compensation vs Market: Ira's total compensation ($USD5.42M) is above average for companies of similar size in the German market ($USD2.47M).

Compensation vs Earnings: Ira's compensation has been consistent with company performance over the past year.

CEO

Ira Robbins (48 yo)

7.3yrs

Tenure

US$5,416,463

Compensation

Mr. Ira D. Robbins, CPA, is Director at Federal Home Loan Bank of New York since January 01, 2023. He had been the President of Valley National Bancorp from January 5, 2017 to December 2021 and has been it...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ira Robbins	Chairman & CEO	7.3yrs	US$5.42m	0.11% $ 4.2m
Thomas Iadanza	President & Chief Banking Officer	2.3yrs	US$2.26m	0.064% $ 2.4m
Michael Hagedorn	Senior EVP & CFO	4.7yrs	US$1.78m	0.022% $ 825.3k
Joseph Chillura	Senior Executive Vice President of Commercial Banking	no data	US$1.42m	0.11% $ 4.1m
Raja Dakkuri	Senior EVP & Chief Risk Officer	2.3yrs	US$1.70m	0.0023% $ 84.4k
Russell Barrett	Senior EVP & COO	less than a year	no data	0.0046% $ 169.6k
Mitchell Crandell	Executive VP & Chief Accounting Officer	13.3yrs	no data	0.012% $ 439.2k
Travis Lan	Head of Investor Relations	no data	no data	no data
Ronald Janis	Senior EVP	7.3yrs	US$1.71m	no data
Marc Piro	Senior VP	no data	no data	no data
Yvonne Surowiec	Senior EVP & Chief People Officer	no data	no data	0.027% $ 996.0k
Melissa Scofield	Executive VP & Chief Risk Officer	9.1yrs	no data	no data

6.0yrs

Average Tenure

56yo

Average Age

Experienced Management: VNB's management team is seasoned and experienced (6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ira Robbins	Chairman & CEO	6.3yrs	US$5.42m	0.11% $ 4.2m
Andrew Abramson	Independent Director	29.3yrs	US$203.05k	0.059% $ 2.2m
Jeffrey Wilks	Independent Director	12.3yrs	US$173.49k	0.091% $ 3.4m
Jennifer Steans	Independent Director	6.3yrs	US$160.99k	0.76% $ 28.1m
Eric Edelstein	Independent Lead Director	20.4yrs	US$267.82k	0.022% $ 809.3k
Melissa Schultz	Independent Director	5.3yrs	US$212.29k	0.012% $ 440.7k
Marc Lenner	Independent Director	16.3yrs	US$208.47k	0.060% $ 2.2m
Suresh Sani	Independent Director	16.3yrs	US$208.17k	0.020% $ 730.8k
Avner Mendelson	Vice-Chairman	2yrs	US$1.23m	0.012% $ 455.6k
Peter Baum	Independent Director	12.3yrs	US$189.29k	0.016% $ 606.6k
Peter Maio	Independent Director	4.3yrs	US$206.79k	0.0075% $ 277.8k
Sidney Williams	Independent Director	3.5yrs	US$187.29k	0.0023% $ 84.8k

9.3yrs

Average Tenure

60yo

Average Age

Experienced Board: VNB's board of directors are considered experienced (9.3 years average tenure).

Valley National Bancorp Management

Management criteria checks 3/4

Key information

Recent management updates

Valley National Bancorp, Annual General Meeting, May 21, 2024

Senior Executive Vice President recently sold €372k worth of stock

Insider recently sold €463k worth of stock

Insider recently sold €796k worth of stock

Valley National Bancorp Appoints Kathleen C. Perrott as A Director

Independent Director recently bought €480k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$0.18 (vs US$0.28 in 1Q 2023)

Valley National Bancorp to Report Q1, 2024 Results on Apr 25, 2024

Valley National Bancorp, Annual General Meeting, May 21, 2024

Senior Executive Vice President recently sold €372k worth of stock

Upcoming dividend of US$0.11 per share

Full year 2023 earnings released: EPS: US$0.95 (vs US$1.15 in FY 2022)

Fourth quarter dividend of US$0.11 announced

Valley National Bancorp Announces Regular Quarterly Cash Dividend, Payable on April 2, 2024

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 22%

Full year 2023 earnings released: EPS: US$0.95 (vs US$1.15 in FY 2022)

Valley National Bancorp Reports Net Charge-Offs Results for the Fourth Quarter Ended December 31, 2023

Valley National Bancorp to Report Q4, 2023 Results on Jan 25, 2024

Insider recently sold €463k worth of stock

Valley National Bancorp Announces Regular Cash Dividend on its Common Stock, Payable on January 3, 2024

Insider recently sold €796k worth of stock

Third quarter 2023 earnings released: EPS: US$0.27 (vs US$0.35 in 3Q 2022)

Valley National Bancorp Appoints Kathleen C. Perrott as A Director

Valley National Bancorp to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.11 per share at 4.7% yield

Valley National Bancorp Declares Regular Quarterly Dividend, Payable on October 2, 2023

Second quarter 2023 earnings released: EPS: US$0.27 (vs US$0.18 in 2Q 2022)

Investor sentiment improves as stock rises 15%

Valley National Bancorp to Report Q2, 2023 Results on Jul 27, 2023

New major risk - Share price stability

Investor sentiment improves as stock rises 17%

Upcoming dividend of US$0.11 per share at 5.2% yield

Investor sentiment improves as stock rises 17%

Valley National Bancorp Declares Regular Quarterly Dividend on Common Stock, Payable on July 3, 2023

Investor sentiment deteriorates as stock falls 20%

First quarter 2023 earnings released: EPS: US$0.28 (vs US$0.27 in 1Q 2022)

Independent Director recently bought €480k worth of stock

Full year 2022 earnings released: EPS: US$1.15 (vs US$1.13 in FY 2021)

Lead Independent Director recently sold €67k worth of stock

Valley National Bancorp Reports Consolidated Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings released: EPS: US$1.15 (vs US$1.13 in FY 2021)

Valley National Bancorp Announces Resignation of Ronen Agassi as Director

Valley National Bancorp to Report Q4, 2022 Results on Jan 26, 2023

Upcoming dividend of US$0.11 per share

Valley National Bancorp Declares Its Regular Quarterly Common Stock Dividend, Payable on January 3, 2022

Third quarter 2022 earnings released: EPS: US$0.35 (vs US$0.29 in 3Q 2021)

Valley National Bancorp to Report Q3, 2022 Results on Oct 27, 2022

Valley National Bank Launches Community Lending Platform

Upcoming dividend of US$0.11 per share

Valley National Bancorp Declares Quarterly Common Stock Dividend, Payable on October 3, 2022

Second quarter 2022 earnings released: EPS: US$0.18 (vs US$0.29 in 2Q 2021)

Valley National Bancorp to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$0.11 per share

Valley National Bancorp Declares Quarterly Common Stock Dividend, Payable on July 1, 2022

First quarter 2022 earnings released: EPS: US$0.27 (vs US$0.28 in 1Q 2021)

Valley National Bancorp to Report Q1, 2022 Results on Apr 28, 2022

Valley National Bancorp, Annual General Meeting, May 17, 2022

Valley National Bancorp Announces Board of Directors Appointments

Valley National Bancorp (NasdaqGS:VLY) completed the acquisition of Bank Leumi Le-Israel Corporation from Bank Leumi le- Israel B.M. (TASE:LUMI), Endicott SPV I, L.P, a fund managed by Endicott Management Company and MSD Capital, L.P and others.

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Valley National Bancorp Declares Quarterly Common Stock Dividend, Payable on April 1, 2022

Robert J. Bardusch, Senior Executive Vice President and Chief Operating Officer, to Leave Valley National Bancorp, Effective April 1, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Valley National Bancorp (NasdaqGS:VLY) completed the acquisition of The Westchester Bank Holding Corporation.

Third quarter 2021 earnings released: EPS US$0.29 (vs US$0.25 in 3Q 2020)

Investor sentiment improved over the past week

Artistic Tile Files Claim Against Valley Bank for Its Lack of Safeguards in Cashing More Than $5 Million in Counterfeit and Forged Checks Beginning in the Last Week of May 2021 and Continuing into July 2021 Against the Artistic Tile Account with Valley Bank

Upcoming dividend of US$0.11 per share

Valley National Reportedly Emerges as Front-Runner for Bank Leumi USA

Second quarter 2021 earnings released: EPS US$0.29 (vs US$0.23 in 2Q 2020)

Valley National Bancorp (NasdaqGS:VLY) entered into a definitive merger agreement to acquire The Westchester Bank Holding Corporation.

Upcoming dividend of US$0.11 per share

Valley National Bancorp Declares Regular Quarterly Common Stock Dividend, Payable on July 1, 2021

First quarter 2021 earnings released: EPS US$0.28 (vs US$0.21 in 1Q 2020)