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Valley National Bancorp  (NASDAQ: VLY)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $8.9500 $-0.14 -1.540%
Day's High: $9.2 Week Perf: 3.47 %
Day's Low: $ 8.94 30 Day Perf: -2.72 %
Volume (M): 9,703 52 Wk High: $ 11.10
Volume (M$): $ 86,838 52 Wk Avg: $8.87
Open: $9.15 52 Wk Low: $6.47



 Market Capitalization (Millions $) 4,928
 Shares Outstanding (Millions) 551
 Employees 3,749
 Revenues (TTM) (Millions $) 1,550
 Net Income (TTM) (Millions $) 390
 Cash Flow (TTM) (Millions $) 283
 Capital Exp. (TTM) (Millions $) 16

Valley National Bancorp

Valley National Bancorp, headquartered in Wayne, New Jersey, is a New Jersey corporation organized in 1983 and is registered as a bank holding company with the Board of Governors of the Federal Reserve System under the Bank Holding Company Act of 1956, as amended (“Holding Company Act”). Valley owns all of the voting and common shares of GCB Capital Trust III and State Bancorp Capital Trusts I and II through which trust preferred securities were issued. These trusts are not consolidated subsidiaries.

Valley National Bank is a national banking association chartered in 1927 under the laws of the United States. Currently, the Bank has 227 branches serving northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, and Florida. The Bank provides a full range of commercial, retail, insurance and wealth management financial services products. The Bank provides a variety of banking services including automated teller machines, telephone and internet banking, remote deposit capture, overdraft facilities, drive-in and night deposit services, and safe deposit facilities. The Bank also provides certain international banking services to customers including standby letters of credit, documentary letters of credit and related products, and certain ancillary services such as foreign exchange, documentary collections, foreign wire transfers and the maintenance of foreign bank accounts.

Subsidiaries include:

an all-line insurance agency offering property and casualty, life and health insurance;

asset management advisers which are Securities and Exchange Commission (SEC) registered investment advisers;

title insurance agencies in New Jersey, New York and Florida;

subsidiaries which hold, maintain and manage investment assets for the Bank;

a subsidiary which owns and services auto loans;

a subsidiary which specializes in health care equipment lending and other commercial equipment leases;

a subsidiary which owns and services existing general aviation aircraft loans and existing commercial equipment leases; and

a subsidiary which owns and services New York commercial loans.
The Bank’s subsidiaries also include real estate investment trust subsidiaries (the REIT subsidiaries) which own real estate related investments and a REIT subsidiary, which owns some of the real estate utilized by the Bank and related real estate investments. Except for Valley’s REIT subsidiaries, all subsidiaries mentioned above are directly or indirectly wholly owned by the Bank. Because each REIT must have 100 or more shareholders to qualify as a REIT, each REIT has issued less than 20 percent of their outstanding non-voting preferred stock to individuals, most of whom are current and former (non-executive officer) Bank employees. The Bank owns the remaining preferred stock and all the common stock of the REITs.

From time to time, the Bank makes bulk purchases of commercial real estate loans, residential mortgage loans, automobile loans, and other loan types, originated by, and sometimes serviced by, other financial institutions. The purchase decision is usually based on several factors, including current loan origination volumes, market interest rates, excess liquidity, our continuous efforts to meet the credit needs of certain borrowers under Community Reinvestment Act, as well as other asset/liability management strategies.

Effective risk management is critical to our success. Financial institutions must manage a variety of business risks that can significantly affect their financial performance. Significant risks we confront are credit risks and asset/liability management risks, which include interest rate and liquidity risks. Credit risk is the risk of not collecting payments pursuant to the contractual terms of loan, lease and investment assets. Interest rate risk results from changes in interest rates which may impact the re-pricing of assets and liabilities in different amounts or at different dates. Liquidity risk is the risk that we will be unable to fund obligations to loan customers, depositors or other creditors at a reasonable cost.

Valley’s Board performs its risk oversight function primarily through several standing committees, including the Risk Committee, all of which report to the full Board. The Risk Committee assists the Board by, among other things, establishing an enterprise-wide risk management framework that is appropriate for Valley’s capital, business activities, size and risk appetite. The Risk Committee also reviews and recommends to the Board appropriate risk tolerances and limits for credit, compliance, interest rate, liquidity, operational, strategic and price risk (and ensures that risk is managed within those tolerances), and monitors compliance with laws and regulations. With guidance from and oversight by the Risk Committee, management continually refines and enhances its risk management policies and procedures to maintain effective risk management programs and processes.



   Company Address: One Penn Plaza New York, 10119 NY
   Company Phone Number: 305-8800   Stock Exchange / Ticker: NASDAQ VLY


Customers Net Income fell by VLY's Customers Net Profit Margin fell to

-24.73 %

8.42 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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• View Complete Report
   



Management Changes

Valley National Bancorp: Leadership Transition and Dividends as Pillars of Stability in Uncertain Times,

Published Wed, Dec 11 2024 10:15 PM UTC

Valley National Bancorp: Navigating Change and Stability Amid Market TurbulenceIn a recent announcement, Valley National Bancorp (NASDAQ: VLY) revealed that Thomas A. Iadanza, the current President, will retire effective June 30, 2025, after an impressive 45-year career in banking, including 13 years of exemplary leadership at Valley. During Iadanza s tenure, the bank has s...

Dividend

Valley National Bancorp Maintains Steady Course with Quarterly Dividends Amid Market Uncertainty,

Published Mon, Nov 18 2024 11:14 PM UTC

Valley National Bancorp Declares Quarterly Dividends: A Silver Lining in a Volatile MarketNEW YORK, Nov. 18, 2024 Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, has declared its regular quarterly dividends for shareholders, a move that may indicate stability and confidence amid stock market fluctuations. Shareholders of record by Decem...

Dividend

Valley National Bancorp Declares Dividends: A Positive Signal Amidst Stock Volatility

Published Tue, Aug 20 2024 8:30 PM UTC


On August 20, 2024, Valley National Bancorp, the holding company for Valley National Bank, issued a press release announcing its regular preferred and common stock dividends. Shareholders of record as of September 13, 2024, will benefit from these declared quarterly dividends, a move that underscores Valley s commitment to returning value to its investors.

Shares

Valley National Bancorp Raises $150 Million Through Series C Preferred Stock Offering

Published Mon, Jul 29 2024 11:57 PM UTC

Valley National Bancorp, the holding company for Valley National Bank, recently announced the pricing of a public offering of its Series C Preferred Stock. This offering involves 6,000,000 shares of its 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C, with a public offering price of $25 per share and a liquidation preference of $25 per share. The g...

Management Changes

Valley National Bancorp Appoints John P. Regan as Chief Risk Officer Amid Declining Return on Investment

Published Fri, Jun 7 2024 12:00 PM UTC



Valley National Bancorp, the holding company for Valley National Bank, has recently announced the appointment of John P. Regan as its Senior Executive Vice President and Chief Risk Officer. Regan s appointment comes as the company aims to address declining returns on investment (ROI) and enhance its enterprise risk management program. This article explores the impl...







Valley National Bancorp's Segments





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