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Valley National Bancorp  (VLY)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $7.5400 $0.03 0.399%
Day's High: $7.67 Week Perf: -7.37 %
Day's Low: $ 7.46 30 Day Perf: -9.7 %
Volume (M): 13,198 52 Wk High: $ 11.22
Volume (M$): $ 99,514 52 Wk Avg: $8.79
Open: $7.47 52 Wk Low: $6.39



 Market Capitalization (Millions $) 3,832
 Shares Outstanding (Millions) 508
 Employees 2,929
 Revenues (TTM) (Millions $) 2,091
 Net Income (TTM) (Millions $) 660
 Cash Flow (TTM) (Millions $) -244
 Capital Exp. (TTM) (Millions $) 105

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
    Next quarterly dividend pay out on April 01, 2024.


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

10.67 %

13.59 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        0.14% 
C        2.05% 
COF   -2.85%    
JPM        1.49% 
MFG   -3.42%    
WFC        0.28% 
• View Complete Report
   



Dividend

Valley National Bancorp Reinforces Financial Stability With Announcement of Regular Dividends

Published Wed, Feb 21 2024 9:45 PM UTC

Valley National Bancorp Announces Regular Dividends, Highlighting Strong Financial Performance
In a press release issued today, Valley National Bancorp (NASDAQ:VLY) announced its regular preferred and common dividends, underscoring the company's continued financial strength and commitment to rewarding shareholders. As one of the leading banking institutions in the United...

Dividend

Valley National Bancorp Rallies Shares with Dividend Declarations, Inspiring Investor Trust

Published Wed, Dec 6 2023 8:34 PM UTC

Valley National Bancorp Boosts Investor Confidence with Regular Dividend Declarations
Valley National Bancorp, the parent company of Valley National Bank, recently made an exciting announcement regarding its regular preferred and common dividends. This move showcases the company's commitment to its shareholders, providing them with consistent returns on their investments...

Valley National Bancorp

Valley National Bancorp Achieves Remarkable Revenue Growth but Faces Profitability Challenges in First Quarter of 2023

Valley National Bancorp is a regional bank holding company with its headquarters in Wayne, New Jersey. With a history that dates back over 90 years, this organization operates through its principal subsidiary, Valley National Bank, which has more than 200 branch locations in New Jersey, New York, and Florida. Valley National Bancorp offers a range of financial products and services, including commercial and consumer loans, deposit products, wealth management services, and insurance products.
Looking at the recent financial results of Valley National Bancorp, we can see that the company experienced mixed results. On the one hand, its revenue grew significantly, increasing by 39.218% to $475.88 million from the corresponding reporting period a year before. However, this was accompanied by a decline in profits, with earnings falling by -13.39% from $0.32 per share to $0.28 per share. Sequentially, revenue fell by -29.978% from $679.61 million, indicating a slowdown in sales.






 

Valley National Bancorp's Segments
 
 
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