VLY Valley National Bancorp

$VLY nice growth in earnings for valley bank. Keep up the good work. Holding 2000 shares and looking toward the next good report.

$VLY Valley posted record net income of 206.3 million dollars in Q3, 0.36 dollars a share vs 0.33 expected (Zacks) and 0.28 a year ago. Net interest margin rose to 3.28%, up 23 basis points year over year, on net interest income of 506.8 million dollars. Efficiency broke below 50% for the first time, 49.38% vs 52.11% in Q2, and return on tangible common equity hit 14.24%. Management said the 15% ROATCE goal by the end of 2027 is now likely to be exceeded. Credit was the soft spot. Net charge-offs rose to 37.1 million dollars from 22.0 million in Q2, and non-accruals ticked up to 0.96% of loans.

$VLY Follow-up: Valley National posts record $206.3M Q3 profit. 🏢 Valley National Bank's parent: $67.5B assets, ~$7.19B market value at $13.02 (16:00 ET Oct 21, 2026) 📈 Q3 2026 EPS $0.36 vs $0.29 in Q2; extra tax credits cut the tax rate to 15.3% from 22.5% 🚀 2026 guide: loans above the high end of 4%-6% growth; tax rate ~20% (was 23%-24%) ⚠️ At Q2's 22.5% tax rate, Q3 profit would be ~$189M; net charge-offs rose to $37.1M from $22.0M 📅 Next: Providence (announced August 25, 2026) and Bluevine deals expected to close in early 2027 Source: GlobeNewswire release, Oct 22 + SEC 8-K, Oct 22

$VLY Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $0.36 up 28.57% YoY • Reported revenue of $581.1M up 13.70% YoY • Valley National Bancorp said it remains on track to achieve, and likely exceed, its previously stated return on average tangible common equity goal of 15 percent by the end of 2027.