Valley National Bancorp (NASDAQ:VLY) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

22 Oct 2026, 15:41 by Danessa Lincoln · The Markets Daily

Valley National Bancorp (NASDAQ:VLY – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03, FiscalAI reports. The firm had revenue of $581.10 million for the quarter, compared to the consensus estimate of $577.82 million. Valley National Bancorp had a return on equity of 9.13% and a net margin of 19.49%. During the same quarter in the previous year, the business earned $0.28 earnings per share.

Here are the key takeaways from Valley National Bancorp’s conference call:

Strong third-quarter performance keeps Valley on track to finish 2026 at the high end of its guidance ranges. The efficiency ratio fell below 50% ahead of schedule, while management expects further net interest margin expansion in the fourth quarter.
Core customer deposits increased by $1.1 billion, enabling repayment of roughly $400 million in short-term debt and reducing reliance on wholesale funding. Management expects the Providence and Bluevine acquisitions to add more than $3.5 billion of low-cost core deposits, potentially pushing the loan-to-deposit ratio into the low 90s by the end of 2027.
Valley reiterated the strategic benefits of its pending acquisitions, including Bluevine’s approximately $2.3 billion of deposits as of September 30 and its digital small-business customer base. The company expects deposits to transition around April 1, 2027, and believes the transactions could add roughly 200 basis points to long-term standalone returns on tangible common equity and about 15 basis points to net interest margin.
Credit costs increased during the quarter, with net charge-offs rising to 28 basis points from 17 basis points and non-accrual loans reaching 0.96% of loans, although management attributed much of the deterioration to two individual loans. The CRE concentration ratio improved to 312%, but management expects a temporary increase following acquisition-related capital deployment, while buybacks remain discretionary as capital is prioritized for loan growth and acquisitions.

Valley National Bancorp Trading Up 4.3%

Shares of VLY traded up $0.56 during mid-day trading on Thursday, reaching $13.58. 3,577,094 shares of the company were exchanged, compared to its average volume of 7,089,547. Valley National Bancorp has a 52 week low of $9.71 and a 52 week high of $15.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $7.50 billion, a PE ratio of 11.53 and a beta of 1.07. The business has a 50 day simple moving average of $13.46 and a two-hundred day simple moving average of $13.78.

Valley National Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.44 annualized dividend and a yield of 3.2%. Valley National Bancorp’s payout ratio is presently 37.29%.

Analyst Ratings Changes

VLY has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on Valley National Bancorp from $17.00 to $15.50 and set an “overweight” rating for the company in a report on Thursday, October 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $17.00 price objective on shares of Valley National Bancorp in a report on Tuesday, September 29th. Barclays increased their price objective on shares of Valley National Bancorp from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Truist Financial raised their target price on shares of Valley National Bancorp from $15.50 to $16.50 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Morgan Stanley cut their target price on shares of Valley National Bancorp from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, September 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Valley National Bancorp has a consensus rating of “Moderate Buy” and an average target price of $16.27.

View Our Latest Research Report on VLY

Key Headlines Impacting Valley National Bancorp

Here are the key news stories impacting Valley National Bancorp this week:

Positive Sentiment: Quarterly earnings beat estimates: VLY reported diluted EPS of $0.36, ahead of the $0.33 consensus estimate. Revenue was approximately $581 million, also above expectations. EPS increased from $0.29 in the second quarter and $0.28 a year earlier. Valley National Bancorp earnings beat report
Positive Sentiment: Record profitability: Third-quarter net income reached $206.3 million, compared with $170.9 million in the prior quarter and $163.4 million in the year-ago period. Adjusted net income was $206.4 million, supporting the company’s characterization of the quarter as record profitability. Valley National Bancorp third-quarter 2026 results
Positive Sentiment: Shareholder returns remain supported: Valley declared a quarterly common-stock dividend of $0.11 per share, equivalent to $0.44 annually and a yield of roughly 3.4% based on the cited stock price. The company also declared dividends on its preferred-stock series. Valley National Bancorp dividend announcement

About Valley National Bancorp

(Get Free Report)

Valley National Bancorp is the bank holding company for Valley National Bank, a full-service regional bank headquartered in Wayne, New Jersey. The company provides banking and financial services to individuals, businesses, nonprofit organizations and government entities through a network of branches and digital banking channels.