<span item_type="fundamental" item_id="504c30fad07a5d12a46169d8b89d879b" counter_id="ST/US/VLYPN" env="prod"></span><span item_type="announcement" item_id="574685408552097793" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 511.11 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD 0.28.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -217.1 M.</p><p></p><h3>Net Income</h3><ul><li>Net income for the third quarter of 2025 was $163.4 million, compared to $133.2 million in the second quarter of 2025 and $97.9 million in the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000153/exhibit991earningsrelease1.htm"></span></li></ul><h3>Net Interest Income and Margin</h3><ul><li>Net interest income on a tax equivalent basis was $447.5 million for the third quarter of 2025, an increase of $13.8 million from the second quarter of 2025 and $35.7 million from the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000153/exhibit991earningsrelease1.htm"></span></li><li>The net interest margin on a tax equivalent basis increased to 3.05% in the third quarter of 2025 from 3.01% in the second quarter of 2025 and 2.86% in the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000153/exhibit991earningsrelease1.htm"></span></li></ul><h3>Deposits</h3><ul><li>Total deposits increased by $450.5 million to $51.2 billion at September 30, 2025, from $50.7 billion at June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000153/exhibit991earningsrelease1.htm"></span></li></ul><h3>Loan Portfolio</h3><ul><li>Total loans decreased by $118.6 million to $49.3 billion at September 30, 2025, primarily due to decreases in commercial real estate and commercial and industrial loans.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000153/exhibit991earningsrelease1.htm"></span></li></ul><h3>Allowance and Provision for Credit Losses</h3><ul><li>The allowance for credit losses for loans was $598.6 million at September 30, 2025, representing 1.21% of total loans.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000153/exhibit991earningsrelease1.htm"></span></li><li>A provision for credit losses for loans of $19.2 million was recorded in the third quarter of 2025, compared to $37.8 million in the second quarter of 2025 and $75.0 million in the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000153/exhibit991earningsrelease1.htm"></span></li></ul><h3>Non-Interest Income</h3><ul><li>Non-interest income increased by $2.3 million to $64.9 million for the third quarter of 2025, mainly due to increases in service charges on deposit accounts and wealth management and trust fees.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000153/exhibit991earningsrelease1.htm"></span></li></ul><h3>Non-Interest Expense</h3><ul><li>Non-interest expense decreased by $2.1 million to $282.0 million for the third quarter of 2025, largely due to a decrease in the FDIC insurance assessment expense.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000153/exhibit991earningsrelease1.htm"></span></li></ul><h3>Efficiency Ratio</h3><ul><li>The efficiency ratio improved to 53.37% for the third quarter of 2025 from 55.20% in the second quarter of 2025 and 56.13% in the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000153/exhibit991earningsrelease1.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>Valley National Bancorp anticipates significant opportunities in the remainder of 2025 and into 2026, leveraging its robust suite of financial products and services combined with high-touch service and market knowledge.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/714310/000071431025000153/exhibit991earningsrelease1.htm"></span></li></ul>

Valley National Bancorp Pref Share VLY 8.25 Perp 09/30/29 | 8-K: FY2025 Q3 Revenue: USD 511.11 M