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The latest update is out from Valley National Bancorp ( (VLY) ).
On May 14, 2026, Valley National Bancorp completed a $500 million issuance of 6.219% fixed-to-floating rate subordinated notes due 2036, structured as unsecured Tier 2 capital-eligible debt with a fixed rate to June 1, 2031, then resetting quarterly over a SOFR-based benchmark. The offering, which generated estimated net proceeds of about $494.1 million underwritten by a syndicate led by Keefe, Bruyette & Woods and Morgan Stanley, strengthens the bank’s regulatory capital base and balance sheet flexibility.
In tandem with the new issue, Valley moved to optimize its capital structure by ordering the full redemption of its outstanding $300 million 3.00% fixed-to-floating rate subordinated notes due 2031, with redemption to occur on June 15, 2026 at par plus accrued interest, after which those notes will cease to accrue interest and no longer remain outstanding. The combined actions replace lower-coupon legacy subordinated debt with longer-dated capital, potentially affecting interest expense but extending the firm’s subordinated funding profile and supporting ongoing corporate and regulatory capital needs.
The most recent analyst rating on (VLY) stock is a Hold with a $15.00 price target. To see the full list of analyst forecasts on Valley National Bancorp stock, see the VLY Stock Forecast page.
Spark’s Take on VLY Stock
According to Spark, TipRanks’ AI Analyst, VLY is a Outperform.
The score is driven primarily by improving financial performance and a constructive earnings outlook (NII acceleration, deposit/loan momentum, better efficiency, and stable credit), supported by an attractive valuation (low P/E and solid yield). Technicals are mildly supportive but not a strong catalyst, and historical variability in revenue and cash-flow trends keeps the overall score from reaching the top range.
To see Spark’s full report on VLY stock, click here.
More about Valley National Bancorp
Valley National Bancorp, listed on Nasdaq as VLY, is the holding company for Valley National Bank, a regional financial institution with over $64 billion in assets. Founded in 1927, the bank operates more than 220 offices across eight U.S. states, providing consumer, commercial and wealth management services with a relationship-led focus.
The bank’s footprint spans New Jersey, New York, Florida, Alabama, California, Illinois, Pennsylvania and Arizona, targeting both retail and business clients. It offers products from home and commercial lending to deposit, treasury and long-term financial planning solutions, positioning itself as large enough for complex needs yet closely tied to local communities.
Average Trading Volume: 7,220,623
Technical Sentiment Signal: Buy
Current Market Cap: $7.29B
See more insights into VLY stock on TipRanks’ Stock Analysis page.