Valley National Bancorp Pref Share VLYPO 5.5 09/30/22 | 8-K: FY2025 Q3 Revenue: USD 511.11 M

Revenue: As of FY2025 Q3, the actual value is USD 511.11 M.

EPS: As of FY2025 Q3, the actual value is USD 0.28.

EBIT: As of FY2025 Q3, the actual value is USD -236.27 M.

Net Income

• 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.

Net Interest Income and Margin

• 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.
• 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.

Deposits

• Total deposit balances increased by $450.5 million to $51.2 billion at September 30, 2025, from $50.7 billion at June 30, 2025.

Loan Portfolio

• 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.

Allowance and Provision for Credit Losses

• The allowance for credit losses for loans was $598.6 million at September 30, 2025, representing 1.21% of total loans.
• 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.

Non-Interest Income and Expense

• Non-interest income increased by $2.3 million to $64.9 million in the third quarter of 2025, driven by increases in service charges on deposit accounts and wealth management fees.
• Non-interest expense decreased by $2.1 million to $282.0 million in the third quarter of 2025, largely due to a decrease in the FDIC insurance assessment expense.

Efficiency Ratio

• The efficiency ratio improved to 53.37% in the third quarter of 2025 from 55.20% in the second quarter of 2025 and 56.13% in the third quarter of 2024.

Outlook / Guidance

• 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.