Manan Gosalia

Matthew Breese

Christopher McGratty

Jon Rau

David Smith

Anthony Elian

Jon Arfstrom

Dave Rochester

Feddie Strickland

Frank Schiraldi

Janet Lee

Jared David Shaw

Steve Moss

Benjamin Gerlinger

Brian Mozenski

Chris McGratty

Christopher Edward McGratty

David Charles Smith

Matthew M. Breese

Stephen Moss

- Valley National Bancorp reported **net income of approximately $163 million or $0.28 per diluted share** for Q3 2025, marking its highest quarterly profitability since the end of 2022.  **[0000714310_2200862_1]** 
- The company achieved robust core customer deposit growth, with nearly **10%** growth over the past 12 months and **$1 billion** gathered in Q3 2025, contributing to a **56 basis point reduction** in average cost of deposits since Q3 2024.  **[0000714310_2200862_1]** **[0000714310_2200862_3]** 
- Net interest margin (NIM) improved for the **sixth consecutive quarter** in Q3 2025, with expectations to reach **above 3.1%** in Q4 2025 and further expand into 2026, targeting a normalized range of **3.20%-3.40%**.  **[0000714310_2200862_3]** **[0000714310_2200862_12]** 
- Credit performance showed a significant reduction in net charge-offs and provisions in Q3 2025, with normalized charge-off rates anticipated around **15 basis points** in 2026.  **[0000714310_2200862_2]** **[0000714310_2200862_17]** 
- Valley is targeting a **15% return on equity (ROE)** by late 2027 or early 2028, driven by net income expansion, mid-single-digit loan growth, margin expansion, high single-digit fee income growth, and low single-digit operating expense growth.  **[0000714310_2200862_14]**

Valley National Bancorp Reports Strong Q3 2025 Results and Positive Outlook

- Valley National Bancorp reported strong Q3 2025 net income of approximately **$163 million** or **$0.28 per diluted share**, representing its highest quarterly profitability since the end of 2022 and achieving an annualized return on average assets above **1%**.  **[0000714310_2200819_1]** 
- The company demonstrated significant operating momentum with nearly **10% core deposit growth** over the past 12 months, adding approximately **$1 billion** in core deposits during Q3 2025, and reducing its average cost of deposits by **56 basis points** since Q3 2024.  **[0000714310_2200819_1]** **[0000714310_2200819_3]** 
- Management anticipates continued financial improvement, projecting net interest income to grow another **3%** sequentially in Q4 2025, with a Net Interest Margin (NIM) target above **3.1%** for Q4 2025, and expects mid-single-digit loan growth (range of **4% to 6%**) for 2026.  **[0000714310_2200819_3]** **[0000714310_2200819_13]** **[0000714310_2200819_15]** 
- VLY is focused on organic growth, with a loan pipeline of **$3.3 billion**, and aims to achieve a **15% return on average tangible assets** (ROAT) by late 2027 or early 2028, supported by strategic hires and investments in commercial and consumer banking.  **[0000714310_2200819_11]** **[0000714310_2200819_13]** **[0000714310_2200819_14]**

VALLEY NATIONAL BANCORP (VLY)