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Valley National Bancorp ( (VLY) ) has provided an update.
Valley National Bancorp reported first-quarter 2026 net income of $163.9 million, or $0.28 per diluted share, down from $195.4 million in the fourth quarter of 2025 but up from $106.1 million a year earlier, with adjusted net income of $168.9 million reflecting improved profitability versus 2025. Management highlighted stable net interest margin at 3.17%, rising net interest income driven by lower deposit costs, and strong growth in core deposits and loans, alongside modestly improving credit quality and a better efficiency ratio, underscoring a strengthened balance sheet despite higher expenses and lower non-interest income.
Total deposits rose to $52.9 billion as of March 31, 2026, propelled by $955 million in direct customer deposit growth and a reduction in higher-cost brokered deposits, while total loans increased to $50.8 billion, led by owner-occupied commercial real estate and relationship-driven C&I lending. The bank maintained an allowance for credit losses at about 1.18% of loans, saw net charge-offs and past-due and non-accrual loans trend lower, and posted first-quarter 2026 annualized ROA of 1.02% and ROTCE of 11.56%, as CEO Ira Robbins emphasized continued strategic hiring and early AI investments to capitalize on a rapidly evolving banking landscape and support more sustainable earnings.
The most recent analyst rating on (VLY) stock is a Buy with a $15.50 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 Neutral.
The score is driven mainly by solid financial performance and a constructive earnings-call outlook (margin expansion, NII growth, deposit improvement, and disciplined expenses). Valuation is supportive with a reasonable P/E and strong dividend yield, while technical indicators are mixed and do not strongly reinforce near-term momentum.
To see Spark’s full report on VLY stock, click here.
More about Valley National Bancorp
Valley National Bancorp, the holding company for Valley National Bank, operates as a regional banking institution providing deposit, lending and wealth management services. The company focuses on growing low-cost core deposits, diversifying its commercial real estate and commercial and industrial loan portfolios, and leveraging technology, including artificial intelligence, to enhance client experience and operational efficiency.
Average Trading Volume: 8,332,564
Technical Sentiment Signal: Buy
Current Market Cap: $7.43B
Learn more about VLY stock on TipRanks’ Stock Analysis page.