Valley National Bancorp Management
Management criteria checks 4/4
Valley National Bancorp's CEO is Ira Robbins, appointed in Jan 2017, has a tenure of 7.92 years. total yearly compensation is $5.42M, comprised of 18.5% salary and 81.5% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth $5.26M. The average tenure of the management team and the board of directors is 7.9 years and 9.9 years respectively.
Key information
Ira Robbins
Chief executive officer
US$5.4m
Total compensation
| CEO salary percentage | 18.5% |
| CEO tenure | 7.9yrs |
| CEO ownership | 0.1% |
| Management average tenure | 7.9yrs |
| Board average tenure | 9.9yrs |
Recent management updates
Recent updates
Valley National Bancorp (NASDAQ:VLY) Will Pay A Dividend Of $0.11
Nov 22
Earnings Update: Here's Why Analysts Just Lifted Their Valley National Bancorp (NASDAQ:VLY) Price Target To US$10.30
Oct 26Valley National's Positive CRE Developments Are Priced In (Downgrade)
Oct 25Valley National Bancorp's (NASDAQ:VLY) Dividend Will Be $0.11
Sep 10Valley National Bancorp Just Missed EPS By 34%: Here's What Analysts Think Will Happen Next
Jul 28Valley National: After A Mixed Q2, Shares Appear Overly Punished
Jul 25Valley National Bancorp (NASDAQ:VLY) Is Paying Out A Dividend Of $0.11
Jun 04Valley National Bancorp Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Apr 28Valley National Bank: Q1 Results Should Calm Fears
Apr 28Valley National Bancorp: Q4 Earnings Disappoint But Guidance Is Solid
Jan 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$318m |
| Jun 30 2024 | n/a | n/a | US$363m |
| 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 below average for companies of similar size in the US market ($USD8.04M).
Compensation vs Earnings: Ira's compensation has been consistent with company performance over the past year.
CEO
Ira Robbins (49 yo)
7.9yrs
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 |
|---|---|---|---|---|
| Chairman & CEO | 7.9yrs | US$5.42m | 0.10% $ 5.3m | |
| President & Chief Banking Officer | 3yrs | US$2.26m | 0.059% $ 3.0m | |
| Senior Executive Vice President of Commercial Banking | no data | US$1.42m | 0.093% $ 4.8m | |
| Senior EVP & COO | less than a year | no data | 0.0042% $ 212.8k | |
| Executive VP & Chief Accounting Officer | 13.9yrs | no data | 0.011% $ 550.5k | |
| Head of Investor Relations | no data | no data | 0.011% $ 537.2k | |
| Senior EVP | 7.9yrs | US$1.71m | no data | |
| Senior VP | no data | no data | no data | |
| Senior EVP & Chief People Officer | no data | no data | 0.024% $ 1.2m | |
| Executive VP & Chief Risk Officer | 9.8yrs | no data | no data | |
| Executive VP | 6.9yrs | no data | no data | |
| Executive Vice President | no data | no data | 0.021% $ 1.1m |
7.9yrs
Average Tenure
59yo
Average Age
Experienced Management: VLY's management team is seasoned and experienced (7.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 6.9yrs | US$5.42m | 0.10% $ 5.3m | |
| Independent Director | 29.9yrs | US$203.05k | 0.053% $ 2.7m | |
| Independent Director | 12.9yrs | US$205.72k | 0.083% $ 4.3m | |
| Independent Director | 6.9yrs | US$187.29k | 0.69% $ 35.3m | |
| Independent Lead Director | 21.1yrs | US$267.82k | 0.022% $ 1.1m | |
| Independent Director | 5.9yrs | US$212.29k | 0.013% $ 643.7k | |
| Independent Director | 17yrs | US$208.47k | 0.055% $ 2.8m | |
| Independent Director | 17yrs | US$208.17k | 0.019% $ 967.0k | |
| Vice-Chairman | 2.7yrs | US$1.23m | 0.012% $ 638.5k | |
| Independent Director | 12.9yrs | US$189.29k | 0.017% $ 851.9k | |
| Independent Director | 4.9yrs | US$206.79k | 0.0086% $ 439.5k | |
| Independent Director | 4.2yrs | US$187.29k | 0.0040% $ 204.7k |
9.9yrs
Average Tenure
61yo
Average Age
Experienced Board: VLY's board of directors are considered experienced (9.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:52 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Valley National Bancorp is covered by 26 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jared Shaw | Barclays |
| Richard Weiss | Boenning & Scattergood, Inc. |
| Benjamin Gerlinger | Citigroup Inc |