VLYPN VALLEY NATIONAL BANCORP
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Executive Summary
Valley National Bancorp reported Q1 2026 earnings of $0.28 diluted EPS, missing consensus estimates of $0.31, driven by a 17% decline in non-interest income and a seasonal increase in expenses. Net interest margin held steady at 3.17% and loan growth continued, but profitability declined from record Q4 2025 levels.
Actionable Insight
Monitor upcoming quarters for sustained margin stability and recovery in fee income; the sequential decline in profitability after a record quarter suggests near-term headwinds despite solid loan growth.
Key Facts
- Q1 2026 EPS of $0.28 missed consensus of $0.31 by 6.6%
- Net interest margin held steady at 3.17% (FTE basis)
- Non-interest income declined 9.8% to $68.8 million due to lower capital markets and wealth fees
- Non-interest expense increased 3.5% to $309.9 million due to seasonal payroll costs and $5.1M in severance
- Total loans grew $692.1M to $50.8B, driven by CRE and C&I
- Provision for credit losses increased to $21.2M from $20.0M in prior quarter
Financial Impact
Net income declined 16% sequentially to $163.9M, driven by lower non-interest income and higher expenses
Risk Factors
- Continued pressure on non-interest income from reduced capital markets activity
- Elevated non-interest expenses from seasonal and severance costs could persist
- Potential for higher credit costs as provision increased despite stable asset quality
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000714310-26-000020 |
| Document: a1q26earningspresentatio.htm | 0000714310-26-000020 |
| Document: vly-20260423.htm | 0000714310-26-000020 |
| Document: 0000714310-26-000020-index-headers.html | 0000714310-26-000020 |
| Document: 0000714310-26-000020-index.html | 0000714310-26-000020 |
| Document: 0000714310-26-000020.txt | 0000714310-26-000020 |
| 8-K Data (Synthetic) | 0000714310-26-000020 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 13, 2026
4w ago
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424B5
| $25.95 $25.94 | ▼ −0.04% | ▲ +0.68% | $25.95 (+0.00%) |
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May 11, 2026
4w ago
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424B5
| $26.00 $25.94 | ▼ −0.23% | ▼ −0.15% | $25.95 (−0.19%) |
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Apr 23, 2026
7w ago
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8-K
| $26.34 $26.12 | ▲ +0.84% | ▲ +2.31% | $25.95 (+1.48%) |
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Apr 3, 2026
10w ago
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DEFA14A
| $25.50 $25.65 | ▲ +0.59% | ▼ −3.55% | $25.95 (+1.76%) |
US Market Status
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