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    Jon Rau • Barclays

    Jon Rau's questions to Valley National Bancorp (VLY) leadership

    Jon Rau's questions to Valley National Bancorp (VLY) leadership • Q2 2025

    Question

    Jon Rau, on behalf of Jared Shaw at Barclays, asked about the competitive environment in New Jersey versus New York and whether the CRE runoff would remain a headwind to loan growth in 2026. He also sought an early indication of total loan growth for 2026.

    Answer

    Chairman & CEO Ira Robbins noted that while some clients have a 'wait and see' approach regarding New York, long-term investors may see opportunities. SEVP & CFO Travis Lan added that the New York C&I pipeline remains strong. Regarding 2026, Travis Lan stated he does not expect CRE to be a headwind, anticipating balances will stabilize by year-end 2025 and grow in the low single digits in 2026. He suggested that neutralizing the 2025 CRE runoff could imply total loan growth closer to 5% for 2026, but gave no official guidance.

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    Jon Rau's questions to Synovus Financial Corp (SNV) leadership

    Jon Rau's questions to Synovus Financial Corp (SNV) leadership • Q2 2025

    Question

    Jon Rau of Barclays, on for Jared Shaw, asked for an update on a large office NPL, recent tech investments for bankers, and flexibility in the hiring timeline.

    Answer

    EVP & Chief Credit Officer Anne Fortner clarified the NPL involves two properties from one relationship, with a recent charge-off on one and adequate reserves on the other. CEO Kevin Blair listed numerous tech investments (nCino, treasury tools) and stated they would hire talent when available, not strictly adhering to a planned number if the right opportunity arises.

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