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

Valley National Bancorp (NASDAQ:VLY) released its earnings results on Thursday. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01), FiscalAI reports. The business had revenue of $560.74 million during the quarter, compared to analysts’ expectations of $557.16 million. Valley National Bancorp had a return on equity of 9.13% and a net margin of 19.49%.The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $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 0.8%

Shares of NASDAQ:VLY opened at $14.34 on Friday. The business has a 50 day moving average of $14.22 and a two-hundred day moving average of $13.23. Valley National Bancorp has a 12-month low of $8.95 and a 12-month high of $15.20. The company has a market capitalization of $7.95 billion, a PE ratio of 12.15 and a beta of 1.03. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35.

Valley National Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Valley National Bancorp’s dividend payout ratio (DPR) is currently 37.29%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VLY. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Valley National Bancorp in a report on Monday, July 6th. TD Cowen reissued a “buy” rating on shares of Valley National Bancorp in a research report on Wednesday, June 17th. Barclays boosted their price objective on Valley National Bancorp from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lowered their price target on Valley National Bancorp from $17.50 to $17.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Piper Sandler boosted their target price on Valley National Bancorp from $16.00 to $16.50 and gave the stock an “overweight” rating in a research 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.03.

Insider Activity at Valley National Bancorp

In other news, COO Russell Barrett sold 90,537 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer directly owned 64,167 shares in the company, valued at $868,821.18. This represents a 58.52% decrease in their ownership of the stock. 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 the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $14.63, for a total transaction of $372,991.85. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC purchased a new position in shares of Valley National Bancorp in the 4th quarter valued at about $26,000. Parallel Advisors LLC grew its stake in Valley National Bancorp by 24.5% during the 4th quarter. Parallel Advisors LLC now owns 4,347 shares of the company’s stock worth $51,000 after buying an additional 855 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Valley National Bancorp by 244.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,884 shares of the company’s stock valued at $53,000 after purchasing an additional 4,177 shares during the last quarter. Danske Bank A S purchased a new position in shares of Valley National Bancorp during the third quarter worth about $55,000. Finally, Smartleaf Asset Management LLC raised its stake 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 during the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.

Key Stories Impacting Valley National Bancorp

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

• Positive Sentiment: JPMorgan Chase & Co. kept an Overweight rating on Valley National Bancorp and trimmed its price target only modestly to $17.00 from $17.50, signaling continued confidence in upside from current levels. JPMorgan price target update
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $16.00 from $15.00, suggesting analysts still see room for the shares to recover despite the earnings miss. KBW price target update
• Positive Sentiment: Valley National posted year-over-year revenue growth of 13.3%, helped by stronger net interest income and non-interest income, and provisions were lower, which supports the longer-term earnings outlook. Second quarter 2026 results
• Neutral Sentiment: Adjusted second-quarter EPS came in at $0.30 versus the consensus $0.31, a very small miss that was offset by slightly better-than-expected revenue. Second quarter 2026 results
• Negative Sentiment: The main drag on the stock is that higher expenses kept Valley National from fully beating earnings estimates, limiting enthusiasm around an otherwise solid quarter. Earnings miss analysis

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.