<span item_type="fundamental" item_id="8cedfec2e726792c27d1002e00aa3879" counter_id="ST/US/VLYPP" env="prod"></span><span item_type="announcement" item_id="541708580464822657" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 495.01 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD 0.22.</p><p>EBIT: As of FY2025 Q2, the actual value is USD 173.09 M.</p><p></p><h3>Net Income</h3><p>Valley National Bancorp reported net income for the second quarter of 2025 at $133.2 million, an increase from $106.1 million in the first quarter of 2025 and $70.4 million in the second quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/exhibit991earningsrelease7.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/a2q25earningspresentatio.htm"></span></p><h3>Net Interest Income and Margin</h3><p>Net interest income on a tax equivalent basis was $433.7 million for the second quarter of 2025, up from $421.4 million in the first quarter of 2025 and $403.0 million in the second quarter of 2024. The net interest margin increased to 3.01% from 2.96% in the first quarter of 2025 and 2.84% in the second quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/exhibit991earningsrelease7.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/a2q25earningspresentatio.htm"></span></p><h3>Loan Portfolio</h3><p>Total loans increased by $734.3 million to $49.4 billion at June 30, 2025, driven by increases in commercial and industrial loans and automobile loans, while commercial real estate loans decreased.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/exhibit991earningsrelease7.htm"></span></p><h3>Allowance and Provision for Credit Losses</h3><p>The allowance for credit losses for loans was $594.0 million at June 30, 2025, representing 1.20% of total loans. The provision for credit losses for loans was $37.8 million, down from $62.7 million in the first quarter of 2025 and $82.1 million in the second quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/exhibit991earningsrelease7.htm"></span></p><h3>Deposits</h3><p>Total deposit balances increased by $759.4 million to $50.7 billion at June 30, 2025, with non-interest bearing deposits increasing by $118.2 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/exhibit991earningsrelease7.htm"></span></p><h3>Non-Interest Income and Expense</h3><p>Non-interest income rose to $62.6 million, driven by increases in capital markets income and service charges on deposit accounts. Non-interest expense increased to $284.1 million, largely due to higher professional and legal fees and salary expenses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/exhibit991earningsrelease7.htm"></span></p><h3>Efficiency Ratio</h3><p>The efficiency ratio improved to 55.20% for the second quarter of 2025 from 55.87% in the first quarter of 2025 and 59.62% in the second quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/exhibit991earningsrelease7.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/a2q25earningspresentatio.htm"></span></p><h3>Pre-Provision Net Revenue (PPNR)</h3><p>2Q25 PPNR was $210.9 million, compared to $201.8 million in 1Q25 and $175.4 million in 2Q24.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/a2q25earningspresentatio.htm"></span></p><h3>Return on Average Assets</h3><p>Annualized Return on Average Assets for 2Q25 was 0.86%, compared to 0.69% in 1Q25 and 0.46% in 2Q24.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/a2q25earningspresentatio.htm"></span></p><h3>Outlook / Guidance</h3><p>Valley National Bancorp expects gross loan growth at the low end of a 9% - 12% range for 2025, with net interest income growth at the low end of 8% - 10%. Adjusted non-interest income is expected to grow at the midpoint of a 6% - 10% range, while adjusted non-interest expense is anticipated to grow at the low-to-mid of a 3% - 5% range. The tax rate is expected to be at the midpoint of a 23% - 25% range, assuming approximately $35 million of tax credit amortization in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000137/a2q25earningspresentatio.htm"></span></p>

Valley National Bancorp Pref Share VLYPP 6.25 06/30/25 | 8-K: FY2025 Q2 Revenue: USD 495.01 M