Valley National Bancorp is a financial services holding company that provides a range of banking products and services through its various subsidiaries
The company primarily focuses on commercial and retail banking, offering services such as loans, deposits, and treasury management to individuals, businesses, and institutions. In addition to traditional banking services, Valley National Bancorp provides wealth management, investment services, and mortgage banking, catering to the diverse financial needs of its clients. With a commitment to community involvement, the company emphasizes building strong relationships with its customers and supporting local initiatives.
NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQVLY), the holding company for Valley National Bank, today reported net income for the fourth quarter 2024 of $115.7 million, or $0.20 per diluted common share, as compared to the third quarter 2024 net income of $97.9 million, or $0.18 per diluted common share, and net income of $71.6 million, or $0.13 per diluted common share, for the fourth quarter 2023. Excluding all non-core income and charges, our adjusted net income (a non-GAAP measure) was $75.7 million, or $0.13 per diluted common share, for the fourth quarter 2024, $96.8 million, or $0.18 per diluted common share, for the third quarter 2024, and $116.3 million, or $0.22 per diluted common share, for the fourth quarter 2023. See further details below, including a reconciliation of our adjusted net income in the "Consolidated Financial Highlights" tables.
Valley Bank announced today the appointment of Kevin O’Connor as Market President for Long Island, NY. In this role, Mr. O’Connor will focus on deepening current relationships, new business development initiatives and cultivating growth opportunities throughout Long Island.
NEW YORK, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQVLY), the holding company for Valley National Bank, announced that it will release its fourth quarter 2024 earnings before the market opens on Thursday, January 23, 2025.
NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQVLY) (“Valley”), the holding company for Valley National Bank (the “Bank”), announced that Thomas A. Iadanza has notified the Company of his intention to retire from his position as President effective June 30, 2025. Mr. Iadanza has led a distinguished 45-year career in banking including over the last 13 years at Valley. In his role as President, Mr. Iadanza has helped to lead Valley’s growth efforts and evolution to a leading regional bank.
Valley Bank (NASDAQVLY) announced the appointment of Gail Castellano as Senior Vice President and Division Head to lead the Bank’s expansion into Staten Island. With more than 30 years of banking experience, Castellano will be responsible for assembling and developing a strong team of trusted advisors and relationship bankers while leading business development, community service efforts, and strategic initiatives throughout the region. Also joining the Valley team in Staten Island are three veteran bankers: Rita Pirrone as Vice President and Market Manager, Narmada Tissera as Vice President, Retail Business Development Officer and Mark Giacalone, Vice President, Business Banker II.
NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQVLY) (“Valley”), the holding company for Valley National Bank (the “Bank”), announced that the Bank closed on the sale of a diverse pool of performing commercial real estate mortgage loans to Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”), a global alternative investment manager. The final loan pool sold had contractual balances totaling approximately $925 million, of which approximately $823 million had been previously identified and transferred to held for sale as of September 30, 2024. The loan pool was sold at a discount of approximately one percent to par value, and Valley will retain customer-facing servicing responsibilities.
NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQVLY) (“Valley”), the holding company for Valley National Bank, announced today its regular preferred and common dividends. The declared quarterly dividends to shareholders of record on December 13, 2024 are as follows:
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQVLY), the holding company for Valley National Bank, today announced the pricing of a public offering of 42,780,748 shares of its common stock, no par value (the “Common Stock”), at a public offering price of $9.35 per share, for aggregate gross proceeds of $400 million.
NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQVLY), the holding company for Valley National Bank, today announced a proposed public offering of shares of its common stock, no par value (the “Common Stock”).
NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQVLY), the holding company for Valley National Bank, today reported net income for the third quarter 2024 of $97.9 million, or $0.18 per diluted common share, as compared to the second quarter 2024 net income of $70.4 million, or $0.13 per diluted common share, and net income of $141.3 million, or $0.27 per diluted common share, for the third quarter 2023. Excluding all non-core income and charges, our adjusted net income (a non-GAAP measure) was $96.8 million, or $0.18 per diluted common share, for the third quarter 2024, $71.6 million, or $0.13 per diluted common share, for the second quarter 2024, and $136.4 million, or $0.26 per diluted common share, for the third quarter 2023. See further details below, including a reconciliation of our non-GAAP adjusted net income, in the "Consolidated Financial Highlights" tables.
Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQVLY), announces the closing of a $150 million five-year Senior Secured Term Loan Facility to Green Thumb Industries Inc. (“Green Thumb or the “Company”) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of RISE Dispensaries. The Company intends to use the proceeds along with existing cash to retire its $225 million senior secured debt due April 30, 2025.
NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQVLY), the holding company for Valley National Bank, announced that it will release its third quarter 2024 earnings before the market opens on Thursday, October 24, 2024.
Federal Reserve Chairman Jerome Powell has dispelled any remaining uncertainty by signaling that the central bank is preparing to shift its monetary policy, effectively paving the way for imminent interest rate cuts.
NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQVLY) (“Valley”), the holding company for Valley National Bank, announced today its regular preferred and common dividends. The declared quarterly dividends to shareholders of record on September 13, 2024 are as follows:
NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQVLY), the holding company for Valley National Bank, today announced the pricing of a public offering of 6,000,000 shares of its 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C (the “Preferred Stock”), for gross proceeds of $150 million. Each share of the Preferred Stock will be issued at a public offering price of $25 per share and has a liquidation preference of $25 per share. Dividends on the Preferred Stock will accrue and be payable quarterly in arrears, at a fixed rate per annum equal to 8.250% from the date of original issue to, but excluding September 30, 2029, and thereafter at a rate per annum equal to the five-year U.S. treasury rate (as defined in the preliminary prospectus supplement relating to the offering) as of the most recent dividend payment date (as defined in the preliminary prospectus supplement) plus 4.182%.
