Valley National Bancorp (VLY)
NASDAQ:VLY
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.31Last Year’s EPS
0.23Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple clear operating improvements—robust core deposit gathering, sequential loan growth, continued net interest income expansion, improved efficiency, stable asset quality, and active capital generation with shareholder-friendly buybacks—while acknowledging manageable, largely seasonal or targeted challenges (payroll tax seasonality, OCI headwind, modest CRE spread compression, and a slight uptick in criticized loans). Management maintains constructive forward guidance on NII, deposit and loan growth, and capital positioning. Overall, the positive operational and financial momentum outweighed the limited and addressed headwinds.Company Guidance
Strong Quarterly Earnings
Net income of approximately $164 million (GAAP), or $0.28 per diluted share; adjusted net income of $169 million, or $0.29 per diluted share.
Pre-Provision Net Revenue Expansion
Adjusted pre-provision net revenue increased to $253 million during the quarter, providing a stronger operating base for the year.
Robust Deposit Gathering
Direct customer deposits increased by over $900 million in the quarter, enabling payoff of ~ $300 million maturing brokered deposits and ~$350 million FHLB advances; total deposit costs declined ~18 basis points during the quarter.
Loan Growth Momentum
Total loans grew nearly $700 million in the quarter (about 5.5% annualized); C&I increased by nearly $150 million; management expects full-year loan growth toward the midpoint-to-high end of the prior 4%–6% guidance range and noted a $1 billion increase in the C&I pipeline since year-end.
Net Interest Income and Margin Trajectory
Fourth consecutive quarter of net interest income expansion; net interest margin roughly flat sequentially with management indicating NII growth trending to the higher end of prior guidance and potential upside to the prior year-end NII target (~$330 million in Q4).
Improving Funding Metrics
Loans-to-non-brokered-deposits improved to 106% (from 107% last quarter and 112% a year ago); interest-bearing spot deposit cost declined to 2.95% from 3.02% at year-end; all-in spot deposit cost 2.26% versus 2.32% at year-end.
Efficiency and Operating Leverage Progress
Adjusted efficiency ratio improved to 53.1% from 53.5% in the prior quarter and 55.9% a year ago; management expects continued positive operating leverage with a target toward ~50% by 2026.
Asset Quality Stabilization
Net charge-offs declined to 14 basis points of loans from 18 basis points last quarter; nonaccrual and accruing past-due loans declined modestly; allowance coverage remained near ~1.2%.
Capital Generation and Share Repurchases
Generated over 30 basis points of regulatory capital during the period; used roughly one-third of capital generation for buybacks (repurchased ~4 million shares, ~ $52 million); management expects CET1 to remain toward the higher end of its 10.5%–11% target range.
Technology and AI Investments with Early Benefits
Ongoing investments in AI and data (early use cases include voice AI for auto collections, fraud tools, and sales optimization) tied to productivity and client experience improvements; cumulative CapEx of ~$450 million over past 7–8 years supports scalability and operating leverage.
Tangible Book Value Growth
Tangible book value increased approximately 1% during the quarter, driven by retained earnings growth (partially offset by OCI from AFS securities).
VLY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
VLY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $13.25 | $13.77 | +3.92% |
Jan 29, 2026 | $12.16 | $12.55 | +3.26% |
Oct 23, 2025 | $9.94 | $10.37 | +4.24% |
Jul 24, 2025 | $9.42 | $9.26 | -1.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Valley National Bancorp (VLY) report earnings?
Valley National Bancorp (VLY) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Valley National Bancorp (VLY) earnings time?
Valley National Bancorp (VLY) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is VLY EPS forecast?
VLY EPS forecast for the fiscal quarter 2026 (Q2) is 0.31.