Valley National Bancorp, the holding company for Valley National Bank, delivers an extensive array of financial services encompassing commercial, retail, insurance, and ...
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$0.44 per share
Est. EPS $0.33 · Revenue $578.53M · 10 analysts
$0.44 per share
Est. EPS $0.33
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $3.5B | -2.2% | -62.6% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $598.0M | +57.3% | +4.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +53.9% | +25.6% | -113.5% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +21.3% | +73.5% | -367.2% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +17.1% | +60.8% | +178.6% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $343.8M | -37.3% | -23.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +9.8% | -35.9% | +105.6% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 43.9% | -11.5% | +12.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.75x | +1482.9% | -98.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $64.3B | +2.9% | +2.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 1.01 vs 0.97 | +4.1% | 0.31 vs 0.33 | -7.3% |
| Revenue Surprise | $3.5B vs $2.0B | +73.6% | $326.2M vs $578.5M | -43.6% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | SAEGER MARK | officer: EVP, Chief Credit Officer | Common Stock | D | 5,487 | $14.29 |
| Aug 3, 2026 | LAN TRAVIS | officer: SEVP, Chief Financial Officer | Common Stock | D | 4,877 | $14.29 |
| Jul 1, 2026 | SLOAN LYNDSEY M | officer: SEVP, General Counsel | Common Stock | D | 3,836 | $14.65 |
| Jul 1, 2026 | REGAN JOHN P | officer: SEVP, Chief Risk Officer | Common Stock | D | 4,907 | $14.65 |
| Jun 12, 2026 | CRANDELL MITCHELL L | officer: EVP & Chief Accounting Officer | Common Stock | D | 25,495 | $14.63 |
Operator : Good day, and thank you for standing by. Welcome to Q2 2026 Valley National Bancorp Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to turn the call over to Andrew Jianette. Please go ahead. Andrew Jianette : Good morning, and welcome to Valley's Second Quarter 2026 Earnings Conference Call. I am joined today by CEO, Ira Robbins; and CFO, Travis Lan. Our quarterly earnings release and supporting documents are available at valley.com. Reconciliations of any non-GAAP measures mentioned on the call can be found in today's earnings release and presentation. Please also note Slide 2 of our earnings presentation and remember that comments made today may include forward-looking statements about Valley National Bancorp and the banking industry, and actual results may differ from those statements. For more information on these forward-looking statements and associated risk factors, please refer to our SEC filings, including Forms 8-K, 10-Q and 10-K. With that, I'll turn the call over to Ira Robbins. Ira Robbins : Thank you, Andrew. Our second quarter results illustrate continued progress against our strategic growth priorities. We delivered strong customer deposit growth, including meaningful growth in noninterest-bearing balances. We generated diverse loan growth concentrated in C&I and owner-occupied commercial real estate. And we continue to expand fee income in both absolute dollars and as a percentage of revenue. We remain focused on strengthening our value proposition by scaling our relationship-oriented commercially focused model across our markets and business lines. While the quarter's growth was encouraging, our focus remains on the quality, durability and strategic value of the relationships that we attract. We believe continued execution against these priorities will support stronger returns over time. This execution translated into strong financial performance for the quarter. Net income was approximately $171 million or $0.29 per diluted share. Excluding certain noncore items, adjusted net income was approximately $173 million or $0.30 per diluted share. Adjusted pre-provision net revenue increased 6% from the prior quarter and at 1.64% of average assets reached its highest level since the fourth quarter of 2022. Deposit growth remains central to our strategy. We believe that our diversified commercial and consumer funding channels are increasingly critical as deposit competition intensifies across the industry. By expanding our commercial banking talent and driving greater adoption of our treasury platform, we expect to continue to win relationships based on service, capability and value, not simply based on rates. These efforts directly contributed to nearly $300 million of noninterest-bearing deposit growth during the quarter. On the asset side, our focus in C&I and owner-occupied commercial real estate continues to drive strong loan growth and …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Ira D. Robbins | President, Chief Executive Officer & Chairman | USD 3,042,931 | Male | 1975 | Active |
Gino A. Martocci | Senior EVP & President of Commercial Banking | USD 1,853,572 | Male | 1966 | Active |
Patrick D. Smith | Senior EVP & President of Consumer Banking | USD 1,583,685 | Male | 1972 | Active |
Russell Barrett | Senior EVP & COO | USD 1,456,542 | Male | 1976 | Active |
Travis Lan | Senior Executive Vice President & Chief Financial Officer | USD 1,112,949 | Male | 1985 | Active |
Mark Saeger | Executive Vice President | — | Male | 1965 | Active |
Yvonne Surowiec | Senior EVP & Chief People Officer | — | Female | 1961 | Active |
John Regan | Senior EVP & Chief Risk Officer | — | Male | 1964 | Active |
Marc Piro | Senior Vice President, Head of Content, Creative & Public Relations | — | Male | — | Active |
Mitchell L. Crandell | Executive Vice President & Chief Accounting Officer | — | Male | 1971 | Active |
Lyndsey Sloan | Senior EVP & General Counsel | — | Female | 1977 | Active |
Valley National misses Q2 earnings estimates on higher expenses, while higher NII and non-interest income, and lower provisions offer support.
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Valley National Bancorp (VLY) Q2 2026 Earnings Call Transcript
Valley National Bancorp NASDAQ: VLY reported second-quarter 2026 earnings that management said reflected continued progress in deposit gathering, relationship-based lending, fee income growth and operating efficiency.
The headline numbers for Valley National (VLY) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
