A Business at a Glance
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VALLEY NATIONAL BANCORP
VLY
$8.1B
Mkt Cap
$14.34
-0.76%
VALLEY NATIONAL BANCORP (VLY) has a current P/E ratio of 14.2, compared to its historical median P/E of 10.4. The stock is currently considered Expensive based on its historical valuation range.
VALLEY NATIONAL BANCORP (VLY) has a 5-year average return on invested capital (ROIC) of 7.7%. This is below average and may indicate limited pricing power.
VALLEY NATIONAL BANCORP (VLY) has a market capitalization of $8.0B. It is classified as a mid-cap stock.
Yes, VALLEY NATIONAL BANCORP (VLY) pays a dividend with a trailing twelve-month yield of 3.09%. The company also returns capital through share buybacks, with a buyback yield of 1.40%.
Based on historical P/E analysis, VALLEY NATIONAL BANCORP (VLY) appears expensive. The current P/E of 14.2 is 37% above its historical median of 10.4. The estimated fair value CAGR (P/E method) is 0.3%.
VALLEY NATIONAL BANCORP (VLY) operates in the National Commercial Banks industry, within the Financials sector.
VALLEY NATIONAL BANCORP (VLY) reported annual revenue of $3.5 billion in its most recent fiscal year, based on SEC EDGAR filings.
Valley National Bancorp is a bank holding company headquartered in Morristown, New Jersey, with Valley National Bank as its principal subsidiary, operating 230 branch offices across New Jersey, New York, Florida, Alabama, California, and Illinois. The company generates revenue through a diversified suite of commercial and consumer banking products including traditional deposits and lending, commercial real estate financing, asset-based loans, small business loans, equipment financing, residential mortgages, home equity loans, and automobile financing, complemented by niche offerings such as homeowners association banking, cannabis-related business banking, and venture banking delivered nationally. Valley's business model emphasizes relationship-based banking with customized solutions, supported by subsidiaries providing insurance, asset management, securities brokerage, title insurance, tax credit advisory, and healthcare equipment leasing services. The company serves multiple industries including real estate, commercial and industrial, healthcare, nonprofit, and government contracting, with a strategic focus on attracting profitable, holistic banking relationships that align with its risk appetite. Valley competes as the largest commercial bank headquartered in New Jersey and ranks among the top deposit market participants in its core Northeast markets, differentiating itself through high-touch service, quick credit underwriting, and the ability to offer comprehensive large-bank products with community-bank responsiveness.
【Margin expansion and deposit momentum】 Management expects continued net interest income growth supported by favorable yield curve dynamics and fixed-rate asset repricing tailwinds, with net interest margin anticipated to expand an additional 15–20 basis points from Q4 2025 to Q4 2026. Deposit growth is expected to outpace loan growth, further reducing the loan-to-deposit ratio and strengthening the funding mix, while the company maintains disciplined capital deployment balancing organic loan growth support with shareholder returns. Non-interest income is projected to grow at a high single-digit rate, with fee income benefiting from treasury management and payments solutions penetration, while non-interest expenses are expected to grow at a low single-digit pace, driving efficiency ratio improvement toward 50% by year-end 2026. Credit quality is anticipated to remain stable with further normalization of net charge-offs and a provision level around $100 million, supporting continued profitability improvement as the company executes its strategic investments in talent, technology, and operating model enhancements.
| Metric | Target | Period |
|---|---|---|
| Net interest income growth | 11%-13% | FY2026 |
| Loan growth | 4%-6% | FY2026 |
| Deposit growth | 5%-7% | FY2026 |
| Non-interest income growth | High single-digit | FY2026 |
| Loan loss provision | ~$100 million | FY2026 |
| Efficiency ratio | Trending towards 50% | End of FY2026 |
| CET1 ratio | 10.5%-11% range, towards higher end | FY2026 |
Net interest income growth (FY2026): “As a result of expected balance sheet growth and continued repricing tailwinds, we anticipate that net interest income will grow between 11%-13% in 2026.”
Loan growth (FY2026): “We anticipate that loan growth for the year will be between the midpoint and high end of our previous 4%-6% range.”
Deposit growth (FY2026): “We anticipate that total deposit growth will be towards the high end of our 5%-7% guidance range for the year.”
Non-interest income growth (FY2026): “While Q4 fee income benefited from abnormally high commercial loan swap activity and, to a lesser extent, valuation gains on fintech equity investments, which may not recur, we anticipate high single-digit growth in 2026.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.1B | 3.5B | 3.6B | 3.4B | 2.2B | 1.5B |
| Net Income | 627M | 569M | 359M | 482M | 556M | 461M |
| EPS | $1.12 | $1.01 | $0.69 | $0.95 | $1.14 | $1.12 |
| Free Cash Flow | 554M | 326M | 532M | 302M | 1.4B | 798M |
| ROIC | 0.0% | 7.3% | 5.0% | 7.3% | 9.6% | 9.4% |
| Gross Margin | - | 58.0% | 51.7% | 56.2% | 85.3% | 91.6% |
| Debt/Equity | 0.01 | 0.03 | 0.03 | 0.15 | 0.03 | 0.14 |
| Dividends/Share | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 |
| Operating Income | 0 | 744M | 439M | 678M | 781M | 641M |
| Operating Margin | 0.0% | 21.3% | 12.2% | 20.2% | 35.8% | 43.0% |
| ROE | 8.0% | 7.5% | 5.1% | 7.4% | 9.7% | 9.5% |
| Shares Outstanding | 561M | 563M | 520M | 508M | 487M | 412M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 714M | 791M | 870M | 946M | 1.3B | 1.5B | 1.6B | 1.5B | 2.2B | 3.4B | 3.6B | 3.5B | 2.1B |
| Gross Margin | 76.9% | 79.2% | 81.5% | 80.7% | 74.2% | 70.8% | 83.1% | 91.6% | 85.3% | 56.2% | 51.7% | 58.0% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 193M | 222M | 243M | 263M | 334M | 327M | 333M | 376M | 527M | 564M | 559M | 580M | 593M |
| EBIT | 15M | 15M | 22M | 25M | 43M | 457M | 530M | 641M | 781M | 678M | 439M | 744M | 0 |
| Op. Margin | 2.1% | 1.9% | 2.5% | 2.6% | 3.3% | 29.7% | 33.8% | 43.0% | 35.8% | 20.2% | 12.2% | 21.3% | 0.0% |
| Net Income | 116M | 99M | 161M | 152M | 249M | 297M | 378M | 461M | 556M | 482M | 359M | 569M | 627M |
| Net Margin | 16.3% | 12.5% | 18.5% | 16.1% | 19.2% | 19.3% | 24.1% | 31.0% | 25.5% | 14.3% | 10.0% | 16.3% | 30.0% |
| Non-Recurring | 744K | 2.3M | 213K | -95K | -2.4M | 78M | -1.9M | 901K | 897K | 6.8M | 3.7M | -3K | -3K |
| Returns on Capital | |||||||||||||
| ROIC | 2.7% | 2.4% | 4.1% | 3.5% | 5.0% | 6.3% | 8.3% | 9.4% | 9.6% | 7.3% | 5.0% | 7.3% | 0.0% |
| ROE | 6.8% | 4.9% | 7.0% | 6.2% | 8.5% | 7.7% | 8.4% | 9.5% | 9.7% | 7.4% | 5.1% | 7.5% | 8.0% |
| ROA | 0.7% | 0.5% | 0.7% | 0.7% | 0.9% | 0.9% | 1.0% | 1.1% | 1.1% | 0.8% | 0.6% | 0.9% | 1.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 184M | 155M | 419M | 619M | 304M | 262M | 164M | 837M | 1.4B | 378M | 549M | 344M | 571M |
| Free Cash Flow | 162M | 121M | 398M | 601M | 278M | 239M | 139M | 798M | 1.4B | 302M | 532M | 326M | 554M |
| Owner Earnings | 157M | 126M | 385M | 582M | 257M | 218M | 117M | 787M | 1.4B | 302M | 476M | 278M | 505M |
| CapEx | 22M | 34M | 21M | 18M | 26M | 23M | 25M | 39M | 69M | 76M | 16M | 18M | 16M |
| Maint. CapEx | 20M | 21M | 24M | 25M | 28M | 29M | 31M | 29M | 41M | 43M | 44M | 38M | 37M |
| Growth CapEx | 2.4M | 13M | 0 | 0 | 0 | 0 | 0 | 11M | 28M | 33M | 0 | 0 | 0 |
| D&A | 20M | 21M | 24M | 25M | 28M | 29M | 31M | 29M | 41M | 43M | 44M | 38M | 37M |
| CapEx/OCF | 11.9% | 22.0% | 4.9% | 2.9% | 4.5% | 10.2% | 15.0% | 4.7% | 4.8% | 20.1% | 2.9% | 5.3% | 2.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 88M | 102M | 112M | 116M | 139M | 147M | 178M | 180M | 206M | 225M | 228M | 249M | 249M |
| Dividend Yield | 7.1% | 6.9% | 6.9% | 5.5% | 5.0% | 5.4% | 6.7% | 4.1% | 4.1% | 5.4% | 5.6% | 4.6% | 3.1% |
| Share Buybacks | 1.7M | 2.1M | 3.2M | 2.6M | 3.8M | 1.8M | 5.4M | 24M | 24M | 2.1M | 0 | 63M | 113M |
| Buyback Yield | 0.1% | 0.1% | 0.2% | 0.1% | 0.2% | 0.1% | 0.2% | 0.5% | 0.5% | 0.2% | N/A | 0.9% | 1.4% |
| Stock-Based Comp | 7.5M | 7.6M | 10M | 12M | 19M | 15M | 16M | 21M | 29M | 33M | 29M | 27M | 28M |
| Debt Repayment | 275M | 970M | 769M | 185M | 751M | 922M | 680M | 1.2B | 0 | 475M | 165M | 488M | 488M |
| Balance Sheet | |||||||||||||
| Net Debt | 954M | 967M | 825M | 1.2B | 1.6B | -845M | -1.4B | -1.3B | -762M | 130M | -1.7B | -1.3B | -1.1B |
| Cash & Equiv. | 830M | 414M | 393M | 416M | 429M | 435M | 1.3B | 2.0B | 948M | 891M | 1.9B | 1.6B | 1.2B |
| Long-Term Debt | 2.5B | 1.8B | 1.4B | 2.3B | 1.7B | 63M | 71M | 51M | 47M | 104M | 148M | 147M | 34M |
| Debt/Equity | 1.43 | 1.31 | 1.06 | 1.21 | 1.13 | 0.26 | 0.27 | 0.14 | 0.03 | 0.15 | 0.03 | 0.03 | 0.01 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | 1.9B | 2.2B | 2.4B | 2.5B | 3.4B | 4.4B | 4.6B | 5.1B | 6.4B | 6.7B | 7.4B | 7.8B | 7.8B |
| Total Assets | 18.8B | 21.6B | 22.9B | 24.0B | 31.9B | 37.4B | 40.7B | 43.4B | 57.5B | 60.9B | 62.5B | 64.1B | 64.5B |
| Total Liabilities | 16.9B | 19.4B | 20.5B | 21.5B | 28.5B | 33.1B | 36.1B | 38.4B | 51.1B | 54.2B | 55.1B | 56.3B | 56.6B |
| Intangibles | 39M | 49M | 45M | 43M | 77M | 87M | 70M | 70M | 197M | 160M | 129M | 101M | 95M |
| Retained Earnings | 131M | 125M | 173M | 217M | 300M | 444M | 611M | 884M | 1.2B | 1.5B | 1.6B | 1.9B | 2.0B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 0.56 | 0.42 | 0.63 | 0.58 | 0.75 | 0.87 | 0.93 | 1.12 | 1.14 | 0.95 | 0.69 | 1.01 | 1.12 |
| Owner EPS | 0.76 | 0.53 | 1.51 | 2.21 | 0.77 | 0.64 | 0.29 | 1.91 | 2.79 | 0.59 | 0.91 | 0.49 | 0.90 |
| Book Value | 8.98 | 9.35 | 9.30 | 9.64 | 10.10 | 12.84 | 11.30 | 12.35 | 13.13 | 13.20 | 14.29 | 13.86 | 13.96 |
| Cash Flow/Share | 0.89 | 0.66 | 1.64 | 2.36 | 0.92 | 0.77 | 0.40 | 2.03 | 2.93 | 0.74 | 1.05 | 0.61 | 1.18 |
| Dividends/Share | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 |
| Shares Out. | 207.4M | 236.1M | 255.5M | 262.9M | 331.7M | 341.5M | 406.4M | 411.7M | 487.5M | 507.8M | 520.1M | 563.4M | 560.9M |
| Valuation | |||||||||||||
| P/E Ratio | 10.8 | 15.5 | 12.5 | 13.8 | 8.6 | 10.0 | 8.4 | 10.3 | 8.5 | 10.5 | 12.6 | 11.8 | 12.8 |
| P/FCF | 7.8 | 12.7 | 5.1 | 3.5 | 7.7 | 12.4 | 23.0 | 5.9 | 3.5 | 16.8 | 8.5 | 20.7 | 14.5 |
| EV/EBIT | 51.6 | 68.6 | 64.2 | 137.2 | 6.3 | 5.0 | 7.8 | 8.5 | 5.1 | 5.5 | 5.2 | 6.0 | N/A |
| Price/Book | 0.7 | 0.7 | 0.8 | 0.8 | 0.6 | 0.7 | 0.7 | 0.9 | 0.7 | 0.8 | 0.6 | 0.9 | 1.0 |
| Price/Sales | 2.2 | 2.3 | 2.3 | 2.7 | 2.8 | 2.4 | 2.0 | 3.2 | 2.7 | 2.2 | 2.2 | 2.7 | 3.9 |
| FCF Yield | 12.9% | 7.9% | 19.8% | 28.6% | 12.9% | 8.1% | 4.4% | 16.9% | 28.8% | 5.9% | 11.7% | 4.8% | 6.9% |
| Market Cap | 1.3B | 1.5B | 2.0B | 2.1B | 2.1B | 3.0B | 3.2B | 4.7B | 4.7B | 5.1B | 4.5B | 6.7B | 8.0B |
| Avg. Price | 5.98 | 6.24 | 6.36 | 8.06 | 8.44 | 7.93 | 6.55 | 10.74 | 10.39 | 8.17 | 7.91 | 9.57 | 14.34 |
| Year-End Price | 6.07 | 6.52 | 7.89 | 7.99 | 6.48 | 8.66 | 7.85 | 11.48 | 9.70 | 10.01 | 8.72 | 11.95 | 14.34 |
VALLEY NATIONAL BANCORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
VALLEY NATIONAL BANCORP trades at 14.2x trailing earnings, compared to its 15-year median P/E of 10.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 24.5x vs a median of 8.1x. The company's 5-year average ROIC is 7.7% with a gross margin of 68.6%. Total shareholder yield (dividends + buybacks) is 4.5%. At current prices, the estimated annualized return to fair value is +0.1%.
VALLEY NATIONAL BANCORP (VLY) has a net profit margin of 16.3%. This is a healthy margin.
VALLEY NATIONAL BANCORP (VLY) generated $326 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
VALLEY NATIONAL BANCORP (VLY) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
VALLEY NATIONAL BANCORP (VLY) reported earnings per share (EPS) of $1.01 in its most recent fiscal year.
VALLEY NATIONAL BANCORP (VLY) has a return on equity (ROE) of 7.5%. This indicates moderate shareholder returns.
VALLEY NATIONAL BANCORP (VLY) has a 5-year average gross margin of 68.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 18 years of financial data for VALLEY NATIONAL BANCORP (VLY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
VALLEY NATIONAL BANCORP (VLY) has a book value per share of $13.86, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued net interest income growth supported by favorable yield curve dynamics and fixed-rate asset repricing tailwinds, with net interest margin anticipated to expand an additional 15–20 basis points from Q4 2025 to Q4 2026. Deposit growth is expected to outpace loan growth, further reducing the loan-to-deposit ratio and strengthening the funding mix, while the company maintains disciplined capital deployment balancing organic loan growth support with shareholder returns. Non-interest income is projected to grow at a high single-digit rate, with fee income benefiting from treasury management and payments solutions penetration, while non-interest expenses are expected to grow at a low single-digit pace, driving efficiency ratio improvement toward 50% by year-end 2026. Credit quality is anticipated to remain stable with further normalization of net charge-offs and a provision level around $100 million, supporting continued profitability improvement as the company executes its strategic investments in talent, technology, and operating model enhancements.
Based on recent SEC filings and earnings calls, VALLEY NATIONAL BANCORP (VLY) has provided the following forward guidance: Net interest income growth: 11%-13% (FY2026); Loan growth: 4%-6% (FY2026); Deposit growth: 5%-7% (FY2026); Non-interest income growth: High single-digit (FY2026); Loan loss provision: ~$100 million (FY2026), plus 2 additional metrics.
Loan loss provision (FY2026): “These factors would combine to imply a 2026 loan loss provision of around $100 million, give or take.”
Efficiency ratio (End of FY2026): “We continue to believe that positive operating leverage will accelerate throughout the year, which is expected to result in an efficiency ratio trending towards 50% by the end of 2026.”
CET1 ratio (FY2026): “Throughout 2026, we anticipate staying at the higher end of that range.”