Valley National Bancorp

Latest Results (04.04.2026):

Valley National Bancorp reported financial results for the fourth quarter of 2025: net income of $195.4 million ($0.33 diluted EPS) and adjusted net income of $180.2 million ($0.31 diluted EPS), driven by stronger net interest income, loan and deposit growth, and an improved net interest margin; management described the quarter as record earnings and highlighted continued balance-sheet momentum heading into 2026.

Profitability

Net income for Q4 2025 was $195.4 million ($0.33 diluted EPS), up from $163.4 million ($0.28) in Q3 2025 and $115.7 million ($0.20) in Q4 2024. Adjusted (non‑GAAP) net income was $180.2 million ($0.31), reflecting exclusion of certain non-core items and discrete tax benefits.

Net interest income & margin

Tax-equivalent net interest income was $466.1 million in Q4 2025 (up $18.7M vs Q3). Net interest margin (FTE) rose to 3.17% (+12 bps vs Q3) as deposit costs declined and earning assets shifted toward higher‑yielding loans and taxable investments, partially offset by downward repricing on adjustable-rate loans.

Loan growth

Total loans increased $863.9 million QoQ (7.0% annualized) to $50.1 billion at 12/31/2025, led by a $560.6 million increase in commercial real estate (notably owner‑occupied) and a $203.7 million increase in commercial & industrial loans.

Deposits & funding

Total deposits rose $1.0 billion QoQ to $52.2 billion, driven by a $495.8 million increase in non‑interest bearing deposits and ~$1.4 billion growth in savings/NOW/money market balances; time deposits declined as higher‑cost indirect/brokered balances ran off.

Credit quality & provisions

Allowance for credit losses for loans was $596.1 million (1.19% of loans) at 12/31/2025. Q4 provision for loan losses was $20.0 million. Net loan charge-offs were $22.6 million for the quarter. Non‑accrual loans were $433.9 million (0.87% of loans); accruing past‑due loans increased to $141.3 million (0.28%), largely due to two well‑secured CRE loans in the 30–59 day bucket.

Non‑interest income & expense

Non‑interest income was $76.3 million (up $11.5M QoQ), helped by capital markets, wealth/trust fees and other advisory fees. Non‑interest expense was $299.4 million (up $17.4M QoQ) reflecting higher variable marketing/brand campaign costs, increased amortization of tax credit investments and professional fees; the efficiency ratio was 53.49% in Q4 2025 (roughly flat sequentially).

Capital & shareholder actions

Capital remained solid with common equity Tier 1 at 10.99% and total risk‑based capital at 13.77% at 12/31/2025. Valley repurchased 4.3 million common shares in Q4 at an average price of $10.93 (6.1 million shares repurchased in 2025 at an average $10.41).

Taxes & effective rate

Income tax expense was $26.3 million in Q4 2025 and the effective tax rate was 11.9%, reflecting an $11.4 million tax refund benefit from closure of a federal audit and additional tax‑credit investments.

Performance metrics & outlook

Quarterly annualized ROA was 1.24%, ROE 10.12%, and ROTCE 14.17% (adjusted ROTCE 13.06%). Management emphasized continued disciplined growth, margin improvement and investments in talent and technology expected to support performance and shareholder value in 2026.

Investor information

Valley held an investor conference call on January 29, 2026 to discuss the Q4 2025 results; presentation materials and a webcast archive were made available on valley.com. Summarized from source with an LLMView Source