<span item_type="fundamental" item_id="8cedfec2e726792c27d1002e00aa3879" counter_id="ST/US/VLYPO" env="prod"></span><span item_type="announcement" item_id="541708580414493441" 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><ul><li>Net income for the second quarter of 2025 was $133.2 million, compared to $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></li></ul><h3>Net Interest Income and Margin</h3><ul><li>Net interest income on a tax equivalent basis was $433.7 million for the second quarter of 2025, an increase of $12.3 million from the first quarter of 2025 and $30.7 million from 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></li><li>The net interest margin on a tax equivalent basis increased to 3.01% in the second quarter of 2025 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></li></ul><h3>Loan Portfolio</h3><ul><li>Total loans increased by $734.3 million to $49.4 billion at June 30, 2025, primarily due to increases in commercial and industrial (C&amp;I) and automobile loans.<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></li></ul><h3>Allowance and Provision for Credit Losses</h3><ul><li>The allowance for credit losses for loans was $594.0 million at June 30, 2025, representing 1.20% of total loans.<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></li><li>Provision for credit losses for loans was $37.8 million in the second quarter of 2025, compared to $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></li></ul><h3>Deposits</h3><ul><li>Total deposits increased by $759.4 million to $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/714310/000071431025000137/exhibit991earningsrelease7.htm"></span></li></ul><h3>Non-Interest Income and Expense</h3><ul><li>Non-interest income increased by $4.3 million to $62.6 million in the second quarter of 2025.<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></li><li>Non-interest expense increased by $7.5 million to $284.1 million in the second quarter of 2025.<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></li></ul><h3>Efficiency Ratio</h3><ul><li>The efficiency ratio improved to 55.20% in 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></li></ul><h3>Return on Average Assets</h3><ul><li>The annualized return on average assets was 0.86% in the second quarter of 2025, up from 0.69% in the first quarter of 2025 and 0.46% in the second quarter of 2024.<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></li></ul><h3>Pre-Provision Net Revenue (PPNR)</h3><ul><li>PPNR for the second quarter of 2025 was $210.9 million, showing a quarter-over-quarter increase from $201.8 million in the first quarter of 2025 and a year-over-year increase from $175.4 million in the second quarter of 2024.<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></li></ul><h3>Loan Loss Provision</h3><ul><li>The loan loss provision continued to decline, aligning with expectations for further profitability normalization.<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></li></ul><h3>Outlook / Guidance</h3><ul><li>The company expects continued balance sheet strength and commercial loan growth, with a focus on growing low-cost deposits to support aspirations in 2025 and beyond.<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></li><li>Credit results are expected to remain stable, with a comfortable allowance coverage ratio.<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></li><li>The company 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 an 8% - 10% range. Adjusted non-interest income is expected to grow within a 6% - 10% range, while the tax rate is anticipated to be between 23% - 24%.<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></li></ul>

Valley National Bancorp Pref Share VLYPO 5.5 09/30/22 | 8-K: FY2025 Q2 Revenue: USD 495.01 M