Comparing the current results to its competitors, Valley National Bancorp reported Revenue increase in the 2 quarter 2026 by 16.26 % year on year. The sales growth was above Valley National Bancorp's competitors' average revenue growth of 15.6 %, achieved in the same quarter.
Valley National Bancorp's Comment on Competition and Industry Peers
Valley National Bank is one of the largest commercial banks headquartered in
New Jersey, with its primary markets located in northern and central New Jersey,
the New York City boroughs of Manhattan, Brooklyn and Queens, Long Island, and
Florida. Valley ranked 17th in competitive ranking and market share based on
the deposits reported by 219 FDIC-insured financial institutions in the New
York, Northern New Jersey and Long Island deposit market.
Despite our favorable FDIC rankings, the market for banking and bank-related
services is highly competitive and we face substantial competition in all phases
of our operations. In addition to the FDIC-insured commercial banks in our principal
metropolitan markets, we also compete with other providers of financial services
such as savings institutions, credit unions, mutual funds, captive finance companies,
mortgage companies, title agencies, asset managers, insurance companies and
a growing list of other local, regional and national companies which offer various
financial services. Many of these competitors may have fewer regulatory constraints,
broader geographic service areas, greater capital, and, in some cases, lower
cost structures.
Overall company sales advanced by 16.26 % Valley National Bancorp outperformed its competitors in this segment and improved market share, to approx. 0.16 %. << More on VLY Market Share.
*Market share is calculated based on total revenue.
Citizens Financial Group Inc operates as a retail and commercial bank, focusing on providing a variety of financial products and services, including loans, mortgages, credit cards, deposit accounts, wealth management, and investment services to consumers and businesses of all sizes.
Hilltop Holdings Inc. operates as a diversified financial holding company. Its primary business segments include Banking, Brokerage and Insurance. The company provides banking services, investment banking and brokerage services, mortgage origination and servicing, and insurance products to individuals and businesses.
Independent Bank Corp operates as a bank holding company, primarily engaged in the provision of banking services through various subsidiaries. It offers a range of banking products and services including commercial, retail, and mortgage banking services, to businesses, institutions, and individuals in multiple locations across the United States.
NBT Bancorp Inc operates as a financial holding company that provides a range of banking and financial services to individuals, businesses, and municipalities. Their business model focuses on offering personalized banking solutions and building long-term relationships with customers, while also leveraging technology to enhance efficiency and convenience in their operations.
Sources:
Valley National Bancorp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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