Earnings ·
Valley National Bancorp reported second quarter 2026 net income of $170.9 million, or $0.29 per diluted common share…
VLYPPValley National Bancorp
Valley National Bancorp reported second quarter 2026 net income of $170.9 million, or $0.29 per diluted common share, compared to $133.2 million ($0.22 per share) for the same period in 2025. Net interest margin on a tax equivalent basis increased to 3.20%. Total loans grew to $52.5 billion, driven by increases in C&I and commercial real estate loans, while total deposits rose to $54.1 billion. The company recorded a provision for credit losses of $29.2 million and net loan charge-offs of $22.0 million. During the quarter, Valley repurchased 1.5 million shares of common stock at an average price of $13.40. The company operates in the banking industry, providing consumer, commercial, and wealth management solutions.